Can I retire at age 60 with 419,000?

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 $419,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$34,601$34,292$33,992$33,698$33,412$32,791
2 years$17,129$16,810$16,501$16,201$15,910$15,287
3 years$11,306$10,986$10,677$10,380$10,094$9,488
4 years$8,395$8,076$7,770$7,478$7,199$6,615
5 years$6,649$6,331$6,030$5,744$5,473$4,912
6 years$5,485$5,170$4,873$4,594$4,330$3,793
7 years$4,654$4,342$4,050$3,777$3,522$3,009
8 years$4,031$3,722$3,434$3,168$2,922$2,433
9 years$3,547$3,240$2,958$2,699$2,460$1,996
10 years$3,160$2,856$2,579$2,326$2,096$1,655
11 years$2,843$2,543$2,270$2,024$1,803$1,384
12 years$2,580$2,282$2,015$1,776$1,562$1,166
13 years$2,357$2,062$1,800$1,568$1,362$988
14 years$2,166$1,875$1,617$1,392$1,194$840
15 years$2,001$1,713$1,460$1,241$1,052$718
16 years$1,856$1,571$1,324$1,111$929$615
17 years$1,729$1,447$1,205$998$824$529
18 years$1,616$1,337$1,100$900$733$455
19 years$1,515$1,239$1,007$813$653$393
20 years$1,424$1,152$924$736$583$340
21 years$1,342$1,073$850$668$522$294
22 years$1,267$1,001$783$608$468$255
23 years$1,200$936$723$553$420$221
24 years$1,137$877$669$505$378$192
25 years$1,080$823$620$461$340$167
26 years$1,028$774$575$421$306$145
27 years$979$728$534$386$276$126
28 years$934$686$496$353$249$110
29 years$892$647$462$324$225$96
30 years$853$611$430$297$203$83
31 years$816$578$401$273$184$73
32 years$782$547$374$251$166$63
33 years$750$518$349$231$150$55
34 years$720$491$326$212$136$48
35 years$692$466$305$196$123$42
36 years$665$442$285$180$112$37
37 years$640$420$267$166$101$32
38 years$617$399$250$153$92$28
39 years$594$379$234$141$83$24
40 years$573$361$220$130$75$21
41 years$553$344$206$120$68$19
42 years$533$327$193$111$62$16
43 years$515$312$181$102$56$14
44 years$498$297$170$94$51$12
45 years$481$283$160$87$46$11
46 years$465$270$150$81$42$9
47 years$450$258$141$74$38$8
48 years$436$246$132$69$35$7
49 years$422$235$125$64$32$6
50 years$409$225$117$59$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $419,000, adding $3,540 every year, while hoping to spend $26,305 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: 68/18/14 Blend
59$419,000$419,000$419,000$419,000
60$465,390$443,183$436,688$495,308
61$484,871$436,910$423,329$509,411
62$505,458$429,449$408,640$521,377
63$527,235$420,712$392,550$533,794
64$550,296$410,610$374,983$546,703
65$574,741$399,045$355,860$560,151
66$600,681$385,915$335,099$574,189
67$628,238$371,112$312,612$588,876
68$657,544$354,522$288,310$604,275
69$688,744$336,024$262,098$620,460
70$721,996$315,489$233,879$637,511
71$757,474$292,783$203,548$655,518
72$795,369$267,762$171,000$674,581
73$835,889$240,274$136,120$694,811
74$879,263$210,161$98,794$716,332
75$925,741$177,253$58,897$739,285
76$975,599$141,371$16,303$763,821
77$1,029,140$102,327$0$790,113
78$1,086,693$59,922$0$822,707
79$1,148,622$13,945$0$860,341
80$1,215,328$0$0$900,835
81$1,287,249$0$0$951,569
82$1,364,866$0$0$1,009,321
83$1,448,709$0$0$1,071,726
84$1,539,360$0$0$1,139,219
85$1,637,458$0$0$1,212,279
86$1,743,706$0$0$1,291,432
87$1,858,877$0$0$1,377,257
88$1,983,821$0$0$1,470,390
89$2,119,473$0$0$1,571,531
90$2,266,860$0$0$1,681,450
91$2,427,113$0$0$1,800,994
92$2,601,476$0$0$1,931,095
93$2,791,319$0$0$2,072,778
94$2,998,147$0$0$2,227,170
95$3,223,618$0$0$2,395,514
96$3,469,557$0$0$2,579,177
97$3,737,971$0$0$2,779,661
98$4,031,070$0$0$2,998,623
99$4,351,289$0$0$3,237,886
100$4,701,304$0$0$3,499,455