Can I retire at age 66 with 408,000?

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 $408,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$33,692$33,392$33,099$32,814$32,534$32,222
2 years$16,679$16,369$16,068$15,776$15,493$15,177
3 years$11,009$10,697$10,397$10,108$9,829$9,521
4 years$8,175$7,864$7,566$7,282$7,010$6,712
5 years$6,474$6,165$5,872$5,593$5,329$5,042
6 years$5,341$5,034$4,745$4,473$4,217$3,941
7 years$4,532$4,228$3,943$3,677$3,429$3,164
8 years$3,925$3,624$3,344$3,085$2,845$2,591
9 years$3,454$3,155$2,880$2,628$2,396$2,153
10 years$3,077$2,781$2,511$2,265$2,041$1,810
11 years$2,769$2,476$2,211$1,971$1,756$1,535
12 years$2,512$2,222$1,962$1,729$1,521$1,311
13 years$2,295$2,008$1,753$1,527$1,327$1,127
14 years$2,109$1,826$1,575$1,355$1,163$973
15 years$1,948$1,668$1,422$1,209$1,024$844
16 years$1,808$1,530$1,289$1,082$905$734
17 years$1,684$1,409$1,173$972$802$641
18 years$1,573$1,302$1,071$876$713$561
19 years$1,475$1,207$980$792$636$492
20 years$1,387$1,121$900$717$568$432
21 years$1,307$1,045$828$651$508$380
22 years$1,234$975$763$592$456$335
23 years$1,168$912$704$539$409$295
24 years$1,108$854$651$491$368$261
25 years$1,052$802$603$449$331$231
26 years$1,001$754$560$410$298$204
27 years$953$709$520$376$269$181
28 years$909$668$483$344$242$160
29 years$869$630$449$316$219$142
30 years$831$595$419$290$198$126
31 years$795$563$390$266$179$112
32 years$762$533$364$244$162$99
33 years$731$504$340$225$146$88
34 years$701$478$318$207$133$78
35 years$674$453$297$190$120$70
36 years$648$430$278$175$109$62
37 years$624$409$260$162$99$55
38 years$600$388$244$149$89$49
39 years$579$369$228$137$81$43
40 years$558$351$214$127$74$39
41 years$538$335$201$117$67$34
42 years$519$319$188$108$61$31
43 years$502$304$177$100$55$27
44 years$485$289$166$92$50$24
45 years$469$276$156$85$45$22
46 years$453$263$146$78$41$19
47 years$439$251$137$72$37$17
48 years$425$240$129$67$34$15
49 years$411$229$121$62$31$14
50 years$398$219$114$57$28$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $408,000, adding $2,831 every year, while hoping to spend $27,193 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: 80/14/6 Blend
65$408,000$408,000$408,000$408,000
66$452,536$430,912$424,588$488,304
67$469,762$423,094$409,879$504,312
68$487,833$413,981$393,765$517,988
69$506,807$403,481$376,172$532,168
70$526,747$391,497$357,019$546,887
71$547,721$377,926$336,225$562,185
72$569,802$362,658$313,702$578,107
73$593,071$345,578$289,360$594,699
74$617,616$326,563$263,105$612,017
75$643,532$305,483$234,838$630,118
76$670,923$282,203$204,457$649,069
77$699,904$256,577$171,852$668,942
78$730,597$228,453$136,913$689,817
79$763,140$197,669$99,521$711,783
80$797,679$164,054$59,554$734,937
81$834,378$127,428$16,884$759,389
82$873,413$87,600$0$785,259
83$914,978$44,370$0$814,513
84$959,286$0$0$846,738
85$1,006,569$0$0$881,404
86$1,057,082$0$0$925,748
87$1,111,105$0$0$973,180
88$1,168,943$0$0$1,023,969
89$1,230,932$0$0$1,078,413
90$1,297,442$0$0$1,136,834
91$1,368,875$0$0$1,199,589
92$1,445,677$0$0$1,267,070
93$1,528,333$0$0$1,339,705
94$1,617,378$0$0$1,417,966
95$1,713,401$0$0$1,502,370
96$1,817,046$0$0$1,593,487
97$1,929,022$0$0$1,691,940
98$2,050,109$0$0$1,798,417
99$2,181,163$0$0$1,913,672
100$2,323,126$0$0$2,038,535