Can I retire at age 66 with 479,000?

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 $479,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$39,555$39,203$38,859$38,524$38,196$38,003
2 years$19,582$19,217$18,864$18,521$18,189$17,994
3 years$12,925$12,559$12,206$11,867$11,540$11,349
4 years$9,597$9,232$8,883$8,549$8,230$8,045
5 years$7,601$7,238$6,893$6,567$6,256$6,078
6 years$6,271$5,910$5,571$5,251$4,951$4,779
7 years$5,321$4,963$4,630$4,317$4,026$3,861
8 years$4,609$4,255$3,926$3,622$3,340$3,181
9 years$4,055$3,704$3,382$3,085$2,813$2,661
10 years$3,612$3,265$2,948$2,659$2,397$2,251
11 years$3,251$2,907$2,596$2,314$2,061$1,922
12 years$2,949$2,609$2,303$2,030$1,786$1,653
13 years$2,694$2,358$2,058$1,792$1,558$1,431
14 years$2,476$2,143$1,849$1,591$1,365$1,244
15 years$2,287$1,958$1,670$1,419$1,202$1,087
16 years$2,122$1,796$1,514$1,270$1,062$953
17 years$1,977$1,654$1,377$1,141$942$838
18 years$1,847$1,529$1,257$1,029$838$739
19 years$1,732$1,417$1,151$929$747$653
20 years$1,628$1,317$1,056$842$667$578
21 years$1,534$1,226$972$764$597$513
22 years$1,449$1,145$896$695$535$456
23 years$1,371$1,071$827$633$480$406
24 years$1,300$1,003$765$577$432$361
25 years$1,235$941$708$527$388$322
26 years$1,175$885$657$482$350$288
27 years$1,119$833$610$441$315$257
28 years$1,068$785$567$404$285$230
29 years$1,020$740$528$371$257$205
30 years$975$699$492$340$232$184
31 years$933$661$458$312$210$165
32 years$894$625$428$287$190$147
33 years$858$592$399$264$172$132
34 years$823$561$373$243$156$118
35 years$791$532$349$224$141$106
36 years$761$505$326$206$128$95
37 years$732$480$305$190$116$85
38 years$705$456$286$175$105$77
39 years$679$434$268$161$95$69
40 years$655$413$251$149$86$62
41 years$632$393$235$137$78$56
42 years$610$374$221$127$71$50
43 years$589$356$207$117$64$45
44 years$569$340$195$108$59$40
45 years$550$324$183$100$53$36
46 years$532$309$172$92$48$32
47 years$515$295$161$85$44$29
48 years$498$282$151$79$40$26
49 years$483$269$142$73$36$24
50 years$468$257$134$67$33$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $479,000, adding $6,020 every year, while hoping to spend $23,594 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: 31/50/19 Blend
65$479,000$479,000$479,000$479,000
66$534,068$508,681$501,256$547,292
67$563,439$508,502$492,944$557,557
68$595,015$507,524$483,563$566,038
69$628,996$505,683$473,053$574,668
70$665,602$502,909$461,348$583,473
71$705,074$499,132$448,384$592,485
72$747,677$494,275$434,090$601,740
73$793,702$488,256$418,394$611,282
74$843,468$480,990$401,219$621,159
75$897,329$472,386$382,487$631,429
76$955,670$462,346$362,114$642,156
77$1,018,916$450,769$340,012$653,416
78$1,087,535$437,546$316,092$665,293
79$1,162,041$422,563$290,259$677,884
80$1,243,000$405,699$262,413$691,299
81$1,331,032$386,825$232,450$705,664
82$1,426,824$365,805$200,263$721,119
83$1,531,126$342,497$165,739$737,825
84$1,644,769$316,747$128,759$755,961
85$1,768,664$288,395$89,200$775,731
86$1,903,814$257,273$46,935$797,365
87$2,051,323$223,200$1,828$821,117
88$2,212,408$185,987$0$847,278
89$2,388,408$145,434$0$885,559
90$2,580,794$101,329$0$927,939
91$2,791,191$53,450$0$974,486
92$3,021,383$1,559$0$1,025,685
93$3,273,337$0$0$1,082,077
94$3,549,220$0$0$1,174,300
95$3,851,416$0$0$1,276,334
96$4,182,552$0$0$1,388,215
97$4,545,519$0$0$1,510,933
98$4,943,505$0$0$1,645,572
99$5,380,016$0$0$1,793,332
100$5,858,918$0$0$1,955,530