Can I retire at age 66 with 454,000?

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 $454,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$37,491$37,157$36,831$36,513$36,203$35,990
2 years$18,560$18,214$17,879$17,554$17,239$17,024
3 years$12,250$11,903$11,569$11,247$10,937$10,727
4 years$9,096$8,750$8,419$8,103$7,801$7,597
5 years$7,204$6,860$6,534$6,224$5,930$5,733
6 years$5,943$5,602$5,280$4,977$4,692$4,503
7 years$5,043$4,704$4,388$4,092$3,816$3,634
8 years$4,368$4,033$3,721$3,433$3,166$2,991
9 years$3,843$3,511$3,205$2,924$2,666$2,498
10 years$3,424$3,095$2,794$2,520$2,272$2,111
11 years$3,081$2,755$2,460$2,194$1,954$1,800
12 years$2,795$2,473$2,183$1,924$1,693$1,547
13 years$2,554$2,235$1,951$1,699$1,476$1,337
14 years$2,347$2,031$1,753$1,508$1,294$1,161
15 years$2,168$1,856$1,582$1,345$1,139$1,013
16 years$2,011$1,703$1,435$1,204$1,007$887
17 years$1,873$1,568$1,305$1,082$893$779
18 years$1,751$1,449$1,192$975$794$686
19 years$1,641$1,343$1,091$881$708$605
20 years$1,543$1,248$1,001$798$632$535
21 years$1,454$1,162$921$724$566$474
22 years$1,373$1,085$849$658$507$421
23 years$1,300$1,015$784$600$455$374
24 years$1,232$951$725$547$409$332
25 years$1,170$892$671$499$368$296
26 years$1,113$839$623$457$332$264
27 years$1,061$789$578$418$299$235
28 years$1,012$744$537$383$270$210
29 years$966$702$500$351$244$187
30 years$924$663$466$322$220$167
31 years$885$626$434$296$199$150
32 years$848$593$405$272$180$134
33 years$813$561$378$250$163$120
34 years$781$532$354$230$147$107
35 years$750$504$331$212$134$96
36 years$721$479$309$195$121$86
37 years$694$455$289$180$110$77
38 years$668$432$271$166$99$69
39 years$644$411$254$153$90$62
40 years$621$391$238$141$82$55
41 years$599$372$223$130$74$50
42 years$578$354$209$120$67$45
43 years$558$338$196$111$61$40
44 years$539$322$184$102$55$36
45 years$521$307$173$94$50$32
46 years$504$293$163$87$46$29
47 years$488$279$153$81$42$26
48 years$472$267$144$74$38$23
49 years$458$255$135$69$34$21
50 years$443$243$127$64$31$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $454,000, adding $5,125 every year, while hoping to spend $40,974 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: 47/46/7 Blend
65$454,000$454,000$454,000$454,000
66$505,594$481,532$474,495$528,169
67$513,569$461,532$446,795$524,204
68$520,984$439,177$416,793$515,187
69$527,738$414,311$384,370$504,444
70$533,721$386,765$349,400$491,827
71$538,806$356,363$311,750$477,176
72$542,855$322,916$271,285$460,320
73$545,714$286,226$227,861$441,072
74$547,210$246,085$181,327$419,231
75$547,153$202,270$131,529$394,580
76$545,330$154,548$78,302$366,886
77$541,505$102,673$21,477$335,894
78$535,418$46,383$0$301,331
79$526,778$0$0$265,826
80$515,265$0$0$235,424
81$500,521$0$0$226,797
82$482,154$0$0$216,262
83$459,727$0$0$203,592
84$432,757$0$0$188,536
85$400,709$0$0$170,816
86$362,992$0$0$150,124
87$318,953$0$0$126,120
88$267,868$0$0$98,431
89$208,938$0$0$66,639
90$141,281$0$0$30,287
91$63,920$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0