Can I retire at age 66 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$40,629$40,267$39,914$39,569$39,233$38,986
2 years$20,113$19,739$19,376$19,024$18,682$18,433
3 years$13,276$12,899$12,537$12,189$11,853$11,609
4 years$9,858$9,482$9,124$8,781$8,454$8,217
5 years$7,807$7,434$7,081$6,745$6,426$6,198
6 years$6,441$6,071$5,722$5,394$5,085$4,865
7 years$5,465$5,098$4,755$4,435$4,135$3,924
8 years$4,734$4,370$4,033$3,720$3,431$3,228
9 years$4,165$3,805$3,473$3,169$2,889$2,695
10 years$3,710$3,354$3,028$2,731$2,462$2,276
11 years$3,339$2,986$2,666$2,377$2,117$1,940
12 years$3,029$2,680$2,366$2,085$1,835$1,665
13 years$2,768$2,422$2,114$1,841$1,600$1,438
14 years$2,543$2,201$1,899$1,634$1,402$1,249
15 years$2,349$2,011$1,715$1,457$1,235$1,089
16 years$2,180$1,845$1,555$1,305$1,091$953
17 years$2,030$1,699$1,415$1,172$968$836
18 years$1,897$1,570$1,291$1,057$860$736
19 years$1,779$1,455$1,182$955$767$649
20 years$1,672$1,352$1,085$865$685$573
21 years$1,576$1,260$998$785$613$507
22 years$1,488$1,176$920$714$549$450
23 years$1,409$1,100$849$650$493$399
24 years$1,336$1,030$785$593$443$355
25 years$1,268$967$727$541$399$316
26 years$1,207$909$675$495$359$281
27 years$1,150$855$627$453$324$250
28 years$1,097$806$582$415$292$223
29 years$1,047$760$542$381$264$199
30 years$1,001$718$505$349$239$178
31 years$959$679$471$321$216$159
32 years$919$642$439$295$195$142
33 years$881$608$410$271$177$127
34 years$846$576$383$249$160$114
35 years$813$547$358$230$145$102
36 years$781$519$335$211$131$91
37 years$752$493$314$195$119$81
38 years$724$468$294$180$108$73
39 years$698$445$275$166$98$65
40 years$673$424$258$153$89$58
41 years$649$403$242$141$80$52
42 years$626$384$227$130$73$47
43 years$605$366$213$120$66$42
44 years$585$349$200$111$60$38
45 years$565$333$188$102$55$34
46 years$547$317$176$95$50$30
47 years$529$303$166$87$45$27
48 years$512$289$156$81$41$24
49 years$496$276$146$75$37$22
50 years$480$264$137$69$34$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $492,000, adding $5,776 every year, while hoping to spend $32,226 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: 51/43/6 Blend
65$492,000$492,000$492,000$492,000
66$548,142$522,066$514,440$575,008
67$569,764$513,359$497,385$585,198
68$592,512$503,145$478,680$592,296
69$616,466$491,317$458,233$599,239
70$641,714$477,760$435,952$606,019
71$668,351$462,353$411,740$612,628
72$696,484$444,969$385,493$619,061
73$726,224$425,471$357,106$625,316
74$757,697$403,717$326,467$631,389
75$791,038$379,556$293,460$637,283
76$826,396$352,826$257,963$643,000
77$863,932$323,358$219,849$648,548
78$903,824$290,974$178,985$653,938
79$946,266$255,484$135,233$659,183
80$991,470$216,687$88,448$664,306
81$1,039,669$174,373$38,479$669,331
82$1,091,116$128,319$0$674,291
83$1,146,091$78,288$0$680,177
84$1,204,900$24,031$0$688,778
85$1,267,877$0$0$697,698
86$1,335,390$0$0$723,445
87$1,407,843$0$0$763,312
88$1,485,677$0$0$806,176
89$1,569,379$0$0$852,311
90$1,659,482$0$0$902,015
91$1,756,571$0$0$955,615
92$1,861,289$0$0$1,013,473
93$1,974,344$0$0$1,075,985
94$2,096,510$0$0$1,143,586
95$2,228,643$0$0$1,216,754
96$2,371,679$0$0$1,296,016
97$2,526,650$0$0$1,381,950
98$2,694,689$0$0$1,475,192
99$2,877,044$0$0$1,576,441
100$3,075,084$0$0$1,686,468