Can I retire at age 66 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$40,216$39,858$39,508$39,167$38,834$38,622
2 years$19,909$19,538$19,179$18,830$18,492$18,278
3 years$13,141$12,768$12,410$12,065$11,732$11,523
4 years$9,757$9,386$9,031$8,692$8,368$8,164
5 years$7,728$7,359$7,009$6,676$6,361$6,165
6 years$6,375$6,009$5,664$5,339$5,033$4,844
7 years$5,410$5,046$4,707$4,390$4,093$3,911
8 years$4,686$4,326$3,992$3,682$3,396$3,221
9 years$4,123$3,766$3,438$3,136$2,860$2,692
10 years$3,673$3,320$2,997$2,704$2,437$2,276
11 years$3,305$2,955$2,639$2,353$2,096$1,942
12 years$2,998$2,653$2,342$2,064$1,816$1,670
13 years$2,739$2,397$2,092$1,822$1,584$1,444
14 years$2,518$2,179$1,880$1,617$1,388$1,255
15 years$2,326$1,991$1,697$1,443$1,222$1,096
16 years$2,158$1,826$1,539$1,292$1,080$960
17 years$2,010$1,682$1,400$1,161$958$844
18 years$1,878$1,554$1,278$1,046$852$744
19 years$1,761$1,440$1,170$945$759$657
20 years$1,655$1,338$1,074$856$678$581
21 years$1,560$1,247$988$777$607$515
22 years$1,473$1,164$910$706$544$457
23 years$1,394$1,088$841$643$488$407
24 years$1,322$1,020$777$587$439$362
25 years$1,256$957$720$536$395$322
26 years$1,194$899$668$490$356$288
27 years$1,138$847$620$448$321$257
28 years$1,085$798$577$411$289$229
29 years$1,037$753$537$377$261$205
30 years$991$711$500$346$236$183
31 years$949$672$466$318$213$164
32 years$909$636$435$292$193$147
33 years$872$602$406$268$175$131
34 years$837$571$379$247$158$118
35 years$804$541$355$227$143$105
36 years$773$514$332$209$130$94
37 years$744$488$310$193$118$85
38 years$717$464$291$178$107$76
39 years$691$441$272$164$97$68
40 years$666$419$255$151$88$61
41 years$642$399$239$139$80$55
42 years$620$380$225$129$72$49
43 years$599$362$211$119$66$44
44 years$579$345$198$110$60$40
45 years$559$329$186$101$54$36
46 years$541$314$174$94$49$32
47 years$524$300$164$86$45$29
48 years$507$286$154$80$40$26
49 years$491$273$145$74$37$23
50 years$475$261$136$68$33$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $487,000, adding $2,517 every year, while hoping to spend $29,007 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: 68/20/12 Blend
65$487,000$487,000$487,000$487,000
66$539,270$513,459$505,911$574,358
67$563,413$507,756$491,996$592,311
68$589,045$500,800$476,642$608,236
69$616,290$492,501$459,771$624,902
70$645,279$482,761$441,301$642,377
71$676,157$471,477$421,145$660,738
72$709,085$458,539$399,213$680,070
73$744,236$443,832$375,411$700,468
74$781,802$427,233$349,641$722,037
75$821,991$408,613$321,800$744,894
76$865,034$387,835$291,779$769,170
77$911,182$364,753$259,468$795,008
78$960,711$339,215$224,749$822,570
79$1,013,925$311,057$187,500$852,033
80$1,071,156$280,110$147,592$883,595
81$1,132,770$246,191$104,892$917,475
82$1,199,167$209,109$59,260$953,917
83$1,270,789$168,663$10,553$993,189
84$1,348,120$124,637$0$1,035,593
85$1,431,691$76,807$0$1,086,763
86$1,522,087$24,935$0$1,143,550
87$1,619,952$0$0$1,205,031
88$1,725,990$0$0$1,278,551
89$1,840,980$0$0$1,364,253
90$1,965,776$0$0$1,457,287
91$2,101,316$0$0$1,558,359
92$2,248,636$0$0$1,668,241
93$2,408,870$0$0$1,787,785
94$2,583,272$0$0$1,917,929
95$2,773,216$0$0$2,059,703
96$2,980,218$0$0$2,214,241
97$3,205,944$0$0$2,382,792
98$3,452,229$0$0$2,566,730
99$3,721,092$0$0$2,767,568
100$4,014,757$0$0$2,986,972