Can I retire at age 66 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$39,721$39,367$39,022$38,685$38,356$37,971
2 years$19,664$19,297$18,942$18,598$18,265$17,877
3 years$12,979$12,611$12,257$11,916$11,588$11,210
4 years$9,637$9,270$8,920$8,585$8,265$7,898
5 years$7,633$7,268$6,922$6,594$6,283$5,930
6 years$6,297$5,935$5,594$5,273$4,971$4,632
7 years$5,343$4,984$4,649$4,335$4,043$3,718
8 years$4,628$4,272$3,943$3,637$3,354$3,042
9 years$4,072$3,720$3,396$3,098$2,825$2,527
10 years$3,628$3,279$2,960$2,670$2,407$2,122
11 years$3,264$2,919$2,606$2,324$2,070$1,799
12 years$2,962$2,620$2,313$2,038$1,794$1,536
13 years$2,706$2,368$2,067$1,800$1,564$1,319
14 years$2,487$2,152$1,857$1,598$1,371$1,138
15 years$2,297$1,966$1,676$1,425$1,207$986
16 years$2,131$1,804$1,520$1,276$1,067$858
17 years$1,985$1,661$1,383$1,146$946$748
18 years$1,855$1,535$1,263$1,033$841$654
19 years$1,739$1,423$1,156$933$750$573
20 years$1,635$1,322$1,061$845$670$503
21 years$1,541$1,231$976$767$599$442
22 years$1,455$1,149$899$698$537$390
23 years$1,377$1,075$830$635$482$343
24 years$1,306$1,007$768$579$433$303
25 years$1,240$945$711$529$390$268
26 years$1,180$888$660$484$351$237
27 years$1,124$836$613$443$317$209
28 years$1,072$788$569$406$286$185
29 years$1,024$743$530$372$258$164
30 years$979$702$494$341$233$146
31 years$937$664$460$314$211$129
32 years$898$628$429$288$191$114
33 years$861$595$401$265$173$102
34 years$827$564$375$244$156$90
35 years$794$534$350$224$142$80
36 years$764$507$328$207$128$71
37 years$735$482$307$190$116$63
38 years$708$458$287$176$105$56
39 years$682$435$269$162$96$50
40 years$658$414$252$149$87$44
41 years$634$394$236$138$79$39
42 years$612$376$222$127$71$35
43 years$591$358$208$117$65$31
44 years$571$341$195$108$59$28
45 years$552$325$183$100$53$25
46 years$534$310$172$92$48$22
47 years$517$296$162$85$44$19
48 years$501$283$152$79$40$17
49 years$485$270$143$73$36$15
50 years$470$258$134$67$33$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $481,000, adding $5,080 every year, while hoping to spend $21,033 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: 64/16/20 Blend
65$481,000$481,000$481,000$481,000
66$535,302$509,809$502,354$566,522
67$567,524$512,411$496,803$590,742
68$602,327$514,435$490,362$614,353
69$639,954$515,831$482,979$639,656
70$680,668$516,546$474,597$666,818
71$724,761$516,522$465,162$696,024
72$772,554$515,699$454,612$727,476
73$824,399$514,012$442,885$761,400
74$880,682$511,393$429,917$798,043
75$941,831$507,771$415,638$837,681
76$1,008,313$503,067$399,977$880,615
77$1,080,645$497,201$382,860$927,181
78$1,159,393$490,086$364,209$977,747
79$1,245,182$481,631$343,940$1,032,723
80$1,338,699$471,740$321,971$1,092,559
81$1,440,699$460,308$298,210$1,157,752
82$1,552,016$447,228$272,565$1,228,852
83$1,673,564$432,384$244,938$1,306,465
84$1,806,352$415,656$215,228$1,391,261
85$1,951,490$396,913$183,328$1,483,980
86$2,110,200$376,020$149,128$1,585,438
87$2,283,828$352,832$112,511$1,696,535
88$2,473,855$327,198$73,357$1,818,266
89$2,681,913$298,955$31,539$1,951,729
90$2,909,797$267,934$0$2,098,135
91$3,159,488$233,954$0$2,261,613
92$3,433,163$196,825$0$2,448,211
93$3,733,223$156,346$0$2,652,849
94$4,062,309$112,305$0$2,877,355
95$4,423,334$64,477$0$3,123,744
96$4,819,503$12,626$0$3,394,239
97$5,254,349$0$0$3,691,287
98$5,731,762$0$0$4,025,247
99$6,256,026$0$0$4,394,457
100$6,831,865$0$0$4,800,023