Can I retire at age 60 with 415,000?

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 $415,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$34,270$33,965$33,667$33,377$33,093$32,652
2 years$16,966$16,650$16,343$16,046$15,758$15,315
3 years$11,198$10,881$10,575$10,281$9,998$9,566
4 years$8,315$7,998$7,696$7,407$7,131$6,713
5 years$6,585$6,271$5,972$5,689$5,420$5,019
6 years$5,433$5,121$4,827$4,550$4,289$3,903
7 years$4,610$4,300$4,011$3,741$3,488$3,119
8 years$3,993$3,686$3,402$3,138$2,894$2,541
9 years$3,513$3,209$2,930$2,673$2,437$2,100
10 years$3,130$2,829$2,554$2,304$2,076$1,756
11 years$2,816$2,518$2,249$2,005$1,786$1,481
12 years$2,555$2,260$1,996$1,759$1,548$1,258
13 years$2,334$2,043$1,783$1,553$1,349$1,074
14 years$2,145$1,857$1,602$1,378$1,183$922
15 years$1,982$1,696$1,446$1,229$1,042$795
16 years$1,839$1,556$1,311$1,101$921$687
17 years$1,712$1,433$1,193$989$816$596
18 years$1,600$1,324$1,089$891$726$518
19 years$1,500$1,227$997$805$647$452
20 years$1,410$1,141$915$729$578$394
21 years$1,329$1,062$842$662$517$344
22 years$1,255$992$776$602$463$301
23 years$1,188$928$716$548$416$264
24 years$1,127$869$663$500$374$232
25 years$1,070$816$614$457$336$203
26 years$1,018$767$569$417$303$179
27 years$970$721$528$382$273$157
28 years$925$680$491$350$247$138
29 years$883$641$457$321$223$122
30 years$845$606$426$295$201$107
31 years$809$572$397$271$182$94
32 years$775$542$370$249$165$83
33 years$743$513$346$229$149$73
34 years$713$486$323$210$135$65
35 years$685$461$302$194$122$57
36 years$659$438$283$178$111$50
37 years$634$416$265$164$100$44
38 years$611$395$248$151$91$39
39 years$588$376$232$140$82$35
40 years$567$357$218$129$75$30
41 years$547$340$204$119$68$27
42 years$528$324$191$110$62$24
43 years$510$309$180$101$56$21
44 years$493$294$169$94$51$18
45 years$477$281$158$86$46$16
46 years$461$268$149$80$42$14
47 years$446$255$140$74$38$13
48 years$432$244$131$68$34$11
49 years$418$233$123$63$31$10
50 years$405$222$116$58$28$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $415,000, adding $2,711 every year, while hoping to spend $21,113 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: 51/26/23 Blend
59$415,000$415,000$415,000$415,000
60$460,126$438,131$431,699$480,511
61$484,595$437,136$423,697$493,919
62$510,852$435,384$414,719$506,116
63$539,058$432,816$404,710$518,941
64$569,387$429,369$393,614$532,464
65$602,033$424,977$381,369$546,759
66$637,209$419,569$367,912$561,913
67$675,145$413,070$353,179$578,019
68$716,099$405,399$337,099$595,183
69$760,351$396,474$319,602$613,524
70$808,210$386,204$300,612$633,173
71$860,015$374,495$280,050$654,275
72$916,140$361,248$257,835$676,994
73$976,993$346,357$233,879$701,511
74$1,043,027$329,709$208,095$728,029
75$1,114,738$311,187$180,388$756,770
76$1,192,670$290,664$150,660$787,985
77$1,277,425$268,009$118,810$821,951
78$1,369,663$243,082$84,730$858,975
79$1,470,110$215,734$48,310$899,399
80$1,579,566$185,810$9,433$943,602
81$1,698,911$153,144$0$992,006
82$1,829,113$117,562$0$1,052,942
83$1,971,239$78,878$0$1,122,045
84$2,126,461$36,899$0$1,197,603
85$2,296,073$0$0$1,280,285
86$2,481,495$0$0$1,373,286
87$2,684,293$0$0$1,486,590
88$2,906,192$0$0$1,610,607
89$3,149,090$0$0$1,746,405
90$3,415,077$0$0$1,895,156
91$3,706,456$0$0$2,058,155
92$4,025,761$0$0$2,236,825
93$4,375,784$0$0$2,432,734
94$4,759,600$0$0$2,647,611
95$5,180,597$0$0$2,883,357
96$5,642,504$0$0$3,142,068
97$6,149,431$0$0$3,426,054
98$6,705,902$0$0$3,737,855
99$7,316,905$0$0$4,080,275
100$7,987,930$0$0$4,456,397