Can I retire at age 60 with 417,000?

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 $417,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$34,435$34,129$33,829$33,537$33,252$32,239
2 years$17,047$16,730$16,422$16,124$15,834$14,823
3 years$11,252$10,933$10,626$10,331$10,046$9,067
4 years$8,355$8,037$7,733$7,443$7,165$6,226
5 years$6,617$6,301$6,001$5,717$5,447$4,551
6 years$5,459$5,145$4,850$4,572$4,310$3,458
7 years$4,632$4,321$4,030$3,759$3,505$2,697
8 years$4,012$3,704$3,418$3,153$2,908$2,143
9 years$3,530$3,225$2,944$2,686$2,449$1,726
10 years$3,145$2,843$2,567$2,315$2,086$1,405
11 years$2,830$2,531$2,260$2,015$1,794$1,153
12 years$2,567$2,271$2,005$1,767$1,555$952
13 years$2,346$2,053$1,792$1,560$1,356$790
14 years$2,156$1,866$1,610$1,385$1,189$659
15 years$1,991$1,704$1,453$1,235$1,047$551
16 years$1,847$1,564$1,318$1,106$925$462
17 years$1,721$1,440$1,199$994$820$389
18 years$1,608$1,331$1,095$896$729$328
19 years$1,508$1,233$1,002$809$650$276
20 years$1,417$1,146$920$733$581$233
21 years$1,336$1,068$846$665$520$198
22 years$1,261$997$780$605$466$167
23 years$1,194$932$720$551$418$142
24 years$1,132$873$666$502$376$120
25 years$1,075$819$617$459$338$102
26 years$1,023$770$572$419$305$87
27 years$974$725$531$384$275$73
28 years$929$683$494$352$248$62
29 years$888$644$459$323$224$53
30 years$849$609$428$296$202$45
31 years$813$575$399$272$183$38
32 years$779$544$372$250$165$33
33 years$747$515$348$230$150$28
34 years$717$489$325$211$135$24
35 years$689$463$304$195$123$20
36 years$662$440$284$179$111$17
37 years$637$418$266$165$101$14
38 years$614$397$249$152$91$12
39 years$591$377$233$140$83$10
40 years$570$359$219$129$75$9
41 years$550$342$205$119$68$8
42 years$531$326$192$110$62$6
43 years$513$310$180$102$56$5
44 years$495$296$169$94$51$5
45 years$479$282$159$87$46$4
46 years$463$269$149$80$42$3
47 years$448$257$140$74$38$3
48 years$434$245$132$68$35$2
49 years$420$234$124$63$31$2
50 years$407$224$117$58$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $417,000, adding $4,597 every year, while hoping to spend $25,503 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: 53/37/10 Blend
59$417,000$417,000$417,000$417,000
60$464,276$442,175$435,711$487,459
61$484,497$436,706$423,173$498,259
62$505,926$430,115$409,359$506,853
63$528,659$422,319$394,201$515,605
64$552,801$413,232$377,626$524,534
65$578,468$402,762$359,558$533,665
66$605,785$390,810$339,916$543,024
67$634,890$377,275$318,619$552,644
68$665,935$362,047$295,578$562,562
69$699,084$345,012$270,704$572,821
70$734,519$326,045$243,900$583,468
71$772,438$305,020$215,069$594,560
72$813,059$281,798$184,107$606,160
73$856,622$256,237$150,905$618,342
74$903,388$228,183$115,351$631,186
75$953,644$197,475$77,326$644,787
76$1,007,708$163,943$36,708$659,251
77$1,065,924$127,407$0$674,695
78$1,128,675$87,676$0$691,965
79$1,196,378$44,551$0$714,729
80$1,269,494$0$0$739,253
81$1,348,526$0$0$766,633
82$1,434,030$0$0$815,912
83$1,526,616$0$0$869,306
84$1,626,955$0$0$927,206
85$1,735,784$0$0$990,043
86$1,853,914$0$0$1,058,290
87$1,982,237$0$0$1,132,467
88$2,121,736$0$0$1,213,146
89$2,273,488$0$0$1,300,957
90$2,438,682$0$0$1,396,593
91$2,618,624$0$0$1,500,816
92$2,814,754$0$0$1,614,466
93$3,028,653$0$0$1,738,466
94$3,262,064$0$0$1,873,833
95$3,516,904$0$0$2,021,685
96$3,795,284$0$0$2,183,256
97$4,099,529$0$0$2,359,900
98$4,432,195$0$0$2,553,111
99$4,796,101$0$0$2,764,534
100$5,194,348$0$0$2,995,979