Can I retire at age 66 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$40,216$39,858$39,508$39,167$38,834$38,509
2 years$19,909$19,538$19,179$18,830$18,492$18,164
3 years$13,141$12,768$12,410$12,065$11,732$11,412
4 years$9,757$9,386$9,031$8,692$8,368$8,057
5 years$7,728$7,359$7,009$6,676$6,361$6,062
6 years$6,375$6,009$5,664$5,339$5,033$4,745
7 years$5,410$5,046$4,707$4,390$4,093$3,817
8 years$4,686$4,326$3,992$3,682$3,396$3,131
9 years$4,123$3,766$3,438$3,136$2,860$2,606
10 years$3,673$3,320$2,997$2,704$2,437$2,194
11 years$3,305$2,955$2,639$2,353$2,096$1,864
12 years$2,998$2,653$2,342$2,064$1,816$1,596
13 years$2,739$2,397$2,092$1,822$1,584$1,374
14 years$2,518$2,179$1,880$1,617$1,388$1,189
15 years$2,326$1,991$1,697$1,443$1,222$1,033
16 years$2,158$1,826$1,539$1,292$1,080$901
17 years$2,010$1,682$1,400$1,161$958$788
18 years$1,878$1,554$1,278$1,046$852$691
19 years$1,761$1,440$1,170$945$759$607
20 years$1,655$1,338$1,074$856$678$534
21 years$1,560$1,247$988$777$607$471
22 years$1,473$1,164$910$706$544$416
23 years$1,394$1,088$841$643$488$368
24 years$1,322$1,020$777$587$439$326
25 years$1,256$957$720$536$395$289
26 years$1,194$899$668$490$356$256
27 years$1,138$847$620$448$321$227
28 years$1,085$798$577$411$289$202
29 years$1,037$753$537$377$261$179
30 years$991$711$500$346$236$160
31 years$949$672$466$318$213$142
32 years$909$636$435$292$193$126
33 years$872$602$406$268$175$112
34 years$837$571$379$247$158$100
35 years$804$541$355$227$143$89
36 years$773$514$332$209$130$79
37 years$744$488$310$193$118$71
38 years$717$464$291$178$107$63
39 years$691$441$272$164$97$56
40 years$666$419$255$151$88$50
41 years$642$399$239$139$80$45
42 years$620$380$225$129$72$40
43 years$599$362$211$119$66$36
44 years$579$345$198$110$60$32
45 years$559$329$186$101$54$28
46 years$541$314$174$94$49$25
47 years$524$300$164$86$45$23
48 years$507$286$154$80$40$20
49 years$491$273$145$74$37$18
50 years$475$261$136$68$33$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $487,000, adding $3,808 every year, while hoping to spend $29,289 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: 60/10/30 Blend
65$487,000$487,000$487,000$487,000
66$540,602$514,791$507,242$568,419
67$564,580$508,852$493,072$581,929
68$590,022$501,641$477,445$593,225
69$617,047$493,064$460,282$604,949
70$645,784$483,022$441,499$617,153
71$676,375$471,411$421,010$629,891
72$708,974$458,120$398,723$643,226
73$743,753$443,031$374,544$657,229
74$780,896$426,020$348,372$671,979
75$820,609$406,956$320,103$687,565
76$863,114$385,700$289,630$704,087
77$908,657$362,104$256,837$721,657
78$957,506$336,014$221,608$740,398
79$1,009,958$307,265$183,818$760,452
80$1,066,335$275,682$143,337$781,973
81$1,126,994$241,083$100,032$805,136
82$1,192,324$203,274$53,760$830,135
83$1,262,756$162,048$4,375$857,187
84$1,338,758$117,190$0$886,533
85$1,420,850$68,471$0$933,910
86$1,509,600$15,649$0$986,649
87$1,605,633$0$0$1,043,734
88$1,709,635$0$0$1,110,160
89$1,822,363$0$0$1,184,058
90$1,944,648$0$0$1,264,254
91$2,077,402$0$0$1,351,353
92$2,221,630$0$0$1,446,016
93$2,378,438$0$0$1,548,976
94$2,549,042$0$0$1,661,034
95$2,734,780$0$0$1,783,076
96$2,937,124$0$0$1,916,073
97$3,157,693$0$0$2,061,096
98$3,398,272$0$0$2,219,323
99$3,660,823$0$0$2,392,052
100$3,947,505$0$0$2,580,709