Can I retire at age 66 with 480,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$39,638$39,285$38,940$38,604$38,276$37,939
2 years$19,623$19,257$18,903$18,560$18,227$17,887
3 years$12,952$12,585$12,232$11,891$11,564$11,232
4 years$9,617$9,251$8,901$8,567$8,247$7,927
5 years$7,617$7,253$6,908$6,580$6,269$5,960
6 years$6,284$5,923$5,583$5,262$4,961$4,663
7 years$5,332$4,974$4,639$4,326$4,034$3,749
8 years$4,618$4,264$3,934$3,629$3,347$3,073
9 years$4,064$3,712$3,389$3,091$2,819$2,557
10 years$3,620$3,272$2,954$2,665$2,402$2,152
11 years$3,257$2,913$2,601$2,319$2,065$1,827
12 years$2,955$2,614$2,308$2,034$1,790$1,563
13 years$2,700$2,363$2,062$1,796$1,561$1,344
14 years$2,481$2,148$1,853$1,594$1,368$1,163
15 years$2,292$1,962$1,673$1,422$1,205$1,010
16 years$2,127$1,800$1,517$1,273$1,065$880
17 years$1,981$1,658$1,380$1,144$944$769
18 years$1,851$1,532$1,260$1,031$839$674
19 years$1,735$1,420$1,153$931$748$592
20 years$1,631$1,319$1,059$844$668$520
21 years$1,537$1,229$974$766$598$459
22 years$1,452$1,147$897$696$536$405
23 years$1,374$1,073$829$634$481$358
24 years$1,303$1,005$766$578$433$316
25 years$1,238$943$710$528$389$280
26 years$1,177$887$658$483$351$248
27 years$1,121$834$611$442$316$220
28 years$1,070$786$568$405$285$195
29 years$1,022$742$529$371$258$174
30 years$977$700$493$341$233$154
31 years$935$662$459$313$210$137
32 years$896$627$428$288$190$122
33 years$860$593$400$265$172$108
34 years$825$562$374$243$156$96
35 years$793$533$349$224$141$86
36 years$762$506$327$206$128$76
37 years$734$481$306$190$116$68
38 years$706$457$287$175$105$61
39 years$681$435$268$162$95$54
40 years$656$413$252$149$86$48
41 years$633$394$236$137$78$43
42 years$611$375$221$127$71$38
43 years$590$357$208$117$65$34
44 years$570$340$195$108$59$30
45 years$551$325$183$100$53$27
46 years$533$310$172$92$48$24
47 years$516$295$162$85$44$22
48 years$500$282$152$79$40$19
49 years$484$269$143$73$36$17
50 years$469$257$134$67$33$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $480,000, adding $6,653 every year, while hoping to spend $38,612 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 39/47/14 Blend
65$480,000$480,000$480,000$480,000
66$535,823$510,383$502,943$554,227
67$549,394$494,308$478,708$551,865
68$563,055$476,153$452,368$545,061
69$576,775$455,772$423,810$536,867
70$590,517$433,016$392,919$527,177
71$604,240$407,725$359,573$515,877
72$617,899$379,729$323,645$502,845
73$631,439$348,851$285,001$487,951
74$644,802$314,900$243,505$471,057
75$657,920$277,679$199,010$452,013
76$670,717$236,974$151,367$430,663
77$683,109$192,565$100,416$406,837
78$695,000$144,215$45,994$380,355
79$706,284$91,675$0$351,022
80$716,841$34,683$0$320,438
81$726,538$0$0$294,026
82$735,227$0$0$278,683
83$742,741$0$0$280,737
84$748,896$0$0$282,171
85$753,486$0$0$282,893
86$756,283$0$0$282,806
87$757,032$0$0$281,797
88$755,452$0$0$279,746
89$751,228$0$0$276,515
90$744,013$0$0$271,954
91$733,421$0$0$265,896
92$719,024$0$0$258,155
93$700,349$0$0$248,527
94$676,871$0$0$236,784
95$648,008$0$0$222,674
96$613,117$0$0$205,920
97$571,486$0$0$186,214
98$522,327$0$0$163,216
99$464,770$0$0$136,548
100$397,850$0$0$105,797