Can I retire at age 66 with 442,000?

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 $442,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$36,500$36,175$35,858$35,548$35,246$34,436
2 years$18,069$17,733$17,407$17,090$16,784$15,972
3 years$11,927$11,589$11,263$10,950$10,648$9,860
4 years$8,856$8,519$8,197$7,889$7,594$6,836
5 years$7,014$6,679$6,361$6,059$5,773$5,047
6 years$5,786$5,454$5,141$4,846$4,568$3,875
7 years$4,910$4,580$4,272$3,984$3,715$3,054
8 years$4,253$3,926$3,623$3,342$3,082$2,454
9 years$3,742$3,418$3,120$2,847$2,596$2,000
10 years$3,333$3,013$2,720$2,454$2,212$1,647
11 years$2,999$2,682$2,395$2,136$1,902$1,368
12 years$2,721$2,408$2,126$1,873$1,648$1,144
13 years$2,486$2,176$1,899$1,654$1,437$962
14 years$2,285$1,978$1,706$1,468$1,260$813
15 years$2,111$1,807$1,541$1,309$1,109$689
16 years$1,958$1,658$1,397$1,172$980$586
17 years$1,824$1,527$1,271$1,053$869$499
18 years$1,705$1,411$1,160$949$773$427
19 years$1,598$1,307$1,062$858$689$365
20 years$1,502$1,215$975$777$615$313
21 years$1,416$1,132$897$705$551$269
22 years$1,337$1,056$826$641$494$231
23 years$1,265$988$763$584$443$199
24 years$1,200$926$706$532$398$171
25 years$1,140$869$654$486$358$147
26 years$1,084$816$606$445$323$127
27 years$1,033$768$563$407$291$109
28 years$985$724$523$373$263$94
29 years$941$683$487$342$237$81
30 years$900$645$454$314$214$70
31 years$861$610$423$288$194$61
32 years$825$577$395$265$175$52
33 years$792$546$368$244$159$45
34 years$760$518$344$224$144$39
35 years$730$491$322$206$130$34
36 years$702$466$301$190$118$29
37 years$675$443$282$175$107$25
38 years$650$421$264$161$97$22
39 years$627$400$247$149$88$19
40 years$604$381$232$137$80$16
41 years$583$362$217$127$72$14
42 years$563$345$204$117$66$12
43 years$543$329$191$108$59$11
44 years$525$313$180$100$54$9
45 years$508$299$169$92$49$8
46 years$491$285$158$85$45$7
47 years$475$272$149$78$40$6
48 years$460$260$140$73$37$5
49 years$445$248$131$67$33$4
50 years$432$237$124$62$30$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $442,000, adding $6,944 every year, while hoping to spend $30,237 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: 61/25/14 Blend
65$442,000$442,000$442,000$442,000
66$494,247$470,821$463,970$522,280
67$512,488$461,719$447,341$532,863
68$531,576$451,158$429,141$540,372
69$551,566$439,034$409,287$547,840
70$572,517$425,238$387,689$555,266
71$594,493$409,653$364,255$562,649
72$617,563$392,158$338,890$569,989
73$641,802$372,622$311,490$577,289
74$667,294$350,907$281,953$584,554
75$694,126$326,870$250,167$591,787
76$722,396$300,356$216,017$599,000
77$752,210$271,204$179,383$606,202
78$783,684$239,241$140,140$613,408
79$816,942$204,286$98,158$620,636
80$852,122$166,148$53,298$627,909
81$889,374$124,625$5,419$635,253
82$928,861$79,502$0$642,702
83$970,762$30,555$0$657,116
84$1,015,273$0$0$673,026
85$1,062,607$0$0$695,876
86$1,112,997$0$0$729,169
87$1,166,701$0$0$764,671
88$1,223,998$0$0$802,570
89$1,285,195$0$0$843,071
90$1,350,630$0$0$886,400
91$1,420,671$0$0$932,805
92$1,495,722$0$0$982,557
93$1,576,229$0$0$1,035,954
94$1,662,677$0$0$1,093,322
95$1,755,602$0$0$1,155,021
96$1,855,590$0$0$1,221,443
97$1,963,286$0$0$1,293,022
98$2,079,397$0$0$1,370,232
99$2,204,701$0$0$1,453,595
100$2,340,052$0$0$1,543,684