Can I retire at age 66 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$37,656$37,321$36,993$36,674$36,362$35,819
2 years$18,642$18,294$17,958$17,632$17,315$16,769
3 years$12,304$11,956$11,620$11,297$10,986$10,453
4 years$9,136$8,789$8,456$8,139$7,835$7,321
5 years$7,236$6,890$6,562$6,251$5,956$5,462
6 years$5,969$5,627$5,303$4,999$4,713$4,239
7 years$5,065$4,725$4,407$4,110$3,833$3,379
8 years$4,387$4,050$3,738$3,448$3,180$2,747
9 years$3,860$3,527$3,219$2,937$2,678$2,265
10 years$3,439$3,108$2,807$2,532$2,282$1,889
11 years$3,094$2,767$2,471$2,203$1,962$1,589
12 years$2,808$2,484$2,193$1,933$1,700$1,346
13 years$2,565$2,245$1,959$1,706$1,483$1,147
14 years$2,357$2,040$1,760$1,515$1,300$982
15 years$2,177$1,864$1,589$1,351$1,144$844
16 years$2,020$1,710$1,441$1,209$1,011$728
17 years$1,882$1,575$1,311$1,087$897$630
18 years$1,759$1,455$1,197$979$797$546
19 years$1,649$1,349$1,096$885$711$474
20 years$1,550$1,253$1,006$801$635$412
21 years$1,460$1,167$925$727$568$359
22 years$1,379$1,090$853$661$509$314
23 years$1,305$1,019$787$602$457$274
24 years$1,238$955$728$549$411$240
25 years$1,176$896$674$502$370$210
26 years$1,118$842$625$459$333$184
27 years$1,065$793$581$420$300$161
28 years$1,016$747$540$385$271$141
29 years$971$705$502$353$245$124
30 years$928$665$468$324$221$109
31 years$889$629$436$297$200$95
32 years$851$595$407$273$181$84
33 years$817$564$380$251$164$74
34 years$784$534$355$231$148$65
35 years$753$507$332$213$134$57
36 years$724$481$311$196$122$50
37 years$697$457$291$181$110$44
38 years$671$434$272$166$100$39
39 years$647$413$255$153$91$34
40 years$623$393$239$142$82$30
41 years$601$374$224$131$75$26
42 years$581$356$210$121$68$23
43 years$561$339$197$111$61$20
44 years$542$323$185$103$56$18
45 years$524$308$174$95$51$16
46 years$507$294$163$88$46$14
47 years$490$281$153$81$42$12
48 years$475$268$144$75$38$11
49 years$460$256$136$69$34$9
50 years$445$244$127$64$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $456,000, adding $5,973 every year, while hoping to spend $29,422 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: 45/31/24 Blend
65$456,000$456,000$456,000$456,000
66$508,673$484,505$477,437$527,805
67$529,253$476,941$462,127$534,343
68$550,946$468,020$445,317$538,098
69$573,834$457,645$426,927$541,584
70$598,008$445,713$406,872$544,789
71$623,566$432,113$385,062$547,706
72$650,613$416,731$361,406$550,326
73$679,269$399,443$335,806$552,644
74$709,659$380,121$308,160$554,656
75$741,924$358,626$278,363$556,361
76$776,216$334,815$246,304$557,758
77$812,702$308,533$211,868$558,854
78$851,565$279,619$174,933$559,655
79$893,006$247,901$135,374$560,174
80$937,242$213,198$93,059$560,429
81$984,515$175,319$47,850$560,442
82$1,035,087$134,061$0$560,243
83$1,089,248$89,212$0$559,970
84$1,147,313$40,545$0$572,648
85$1,209,630$0$0$586,108
86$1,276,581$0$0$604,609
87$1,348,582$0$0$639,418
88$1,426,094$0$0$676,932
89$1,509,621$0$0$717,400
90$1,599,717$0$0$761,095
91$1,696,990$0$0$808,318
92$1,802,109$0$0$859,400
93$1,915,809$0$0$914,705
94$2,038,898$0$0$974,631
95$2,172,264$0$0$1,039,619
96$2,316,883$0$0$1,110,151
97$2,473,830$0$0$1,186,759
98$2,644,284$0$0$1,270,027
99$2,829,546$0$0$1,360,598
100$3,031,045$0$0$1,459,180