Can I retire at age 60 with 412,000?

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 $412,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$34,023$33,720$33,424$33,135$32,853$32,085
2 years$16,843$16,529$16,225$15,930$15,645$14,875
3 years$11,117$10,802$10,499$10,207$9,926$9,179
4 years$8,255$7,941$7,640$7,353$7,079$6,360
5 years$6,538$6,226$5,929$5,648$5,381$4,693
6 years$5,393$5,084$4,792$4,517$4,258$3,601
7 years$4,576$4,269$3,982$3,714$3,463$2,837
8 years$3,964$3,660$3,377$3,115$2,873$2,278
9 years$3,488$3,186$2,909$2,653$2,419$1,855
10 years$3,107$2,809$2,536$2,287$2,061$1,527
11 years$2,796$2,500$2,232$1,991$1,773$1,268
12 years$2,537$2,244$1,981$1,746$1,536$1,060
13 years$2,318$2,028$1,770$1,542$1,340$890
14 years$2,130$1,843$1,590$1,368$1,174$751
15 years$1,967$1,684$1,436$1,220$1,034$637
16 years$1,825$1,545$1,302$1,093$914$541
17 years$1,700$1,423$1,185$982$810$461
18 years$1,589$1,315$1,081$885$720$393
19 years$1,490$1,219$990$799$642$336
20 years$1,400$1,132$909$724$574$288
21 years$1,320$1,055$836$657$513$247
22 years$1,246$985$770$597$460$212
23 years$1,179$921$711$544$413$182
24 years$1,118$863$658$496$371$157
25 years$1,062$810$609$453$334$135
26 years$1,010$761$565$414$301$116
27 years$963$716$525$379$271$100
28 years$918$675$488$348$245$86
29 years$877$637$454$319$221$74
30 years$839$601$423$292$200$64
31 years$803$568$394$269$181$55
32 years$769$538$368$247$163$48
33 years$738$509$343$227$148$41
34 years$708$483$321$209$134$36
35 years$681$458$300$192$121$31
36 years$654$435$281$177$110$27
37 years$630$413$263$163$100$23
38 years$606$392$246$150$90$20
39 years$584$373$230$139$82$17
40 years$563$355$216$128$74$15
41 years$543$338$203$118$67$13
42 years$525$322$190$109$61$11
43 years$507$307$178$101$55$10
44 years$490$292$167$93$50$8
45 years$473$279$157$86$46$7
46 years$458$266$148$79$41$6
47 years$443$254$139$73$38$5
48 years$429$242$130$68$34$5
49 years$415$231$122$62$31$4
50 years$402$221$115$58$28$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $412,000, adding $2,919 every year, while hoping to spend $31,221 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: 44/45/11 Blend
59$412,000$412,000$412,000$412,000
60$457,035$435,199$428,813$475,580
61$470,434$423,305$409,959$476,877
62$484,153$409,781$389,428$474,885
63$498,191$394,516$367,129$472,027
64$512,549$377,389$342,970$468,236
65$527,223$358,275$316,853$463,440
66$542,208$337,039$288,676$457,563
67$557,500$313,541$258,334$450,522
68$573,092$287,632$225,715$442,232
69$588,974$259,152$190,703$432,601
70$605,135$227,936$153,177$421,530
71$621,561$193,807$113,010$408,915
72$638,235$156,579$70,071$394,646
73$655,139$116,055$24,222$378,604
74$672,248$72,026$0$360,664
75$689,537$24,275$0$343,593
76$706,973$0$0$327,570
77$724,522$0$0$323,200
78$742,142$0$0$330,858
79$759,787$0$0$338,501
80$777,403$0$0$346,100
81$794,929$0$0$353,627
82$812,297$0$0$361,046
83$829,430$0$0$368,319
84$846,239$0$0$375,404
85$862,629$0$0$382,250
86$878,487$0$0$388,805
87$893,690$0$0$395,006
88$908,101$0$0$400,787
89$921,564$0$0$406,069
90$933,906$0$0$410,769
91$944,936$0$0$414,792
92$954,437$0$0$418,032
93$962,170$0$0$420,372
94$967,869$0$0$421,682
95$971,238$0$0$421,815
96$971,947$0$0$420,611
97$969,629$0$0$417,892
98$963,880$0$0$413,458
99$954,247$0$0$407,089
100$940,231$0$0$398,541