Can I retire at age 60 with 427,000?

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 $427,000?

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$35,261$34,947$34,641$34,342$34,050$33,253
2 years$17,456$17,131$16,816$16,510$16,214$15,417
3 years$11,522$11,195$10,881$10,578$10,287$9,513
4 years$8,555$8,230$7,919$7,621$7,337$6,592
5 years$6,776$6,452$6,145$5,854$5,577$4,864
6 years$5,590$5,269$4,966$4,681$4,413$3,732
7 years$4,743$4,425$4,127$3,849$3,589$2,941
8 years$4,108$3,793$3,500$3,229$2,977$2,361
9 years$3,615$3,302$3,015$2,750$2,507$1,923
10 years$3,220$2,911$2,628$2,371$2,136$1,583
11 years$2,898$2,591$2,314$2,063$1,837$1,314
12 years$2,629$2,326$2,053$1,810$1,592$1,098
13 years$2,402$2,102$1,835$1,598$1,388$923
14 years$2,207$1,911$1,648$1,418$1,217$779
15 years$2,039$1,745$1,488$1,265$1,072$660
16 years$1,892$1,601$1,349$1,132$947$561
17 years$1,762$1,475$1,228$1,018$840$478
18 years$1,647$1,363$1,121$917$747$408
19 years$1,544$1,263$1,026$829$666$349
20 years$1,451$1,174$942$750$594$299
21 years$1,368$1,093$866$681$532$256
22 years$1,292$1,020$798$619$477$220
23 years$1,222$954$737$564$428$189
24 years$1,159$894$682$514$385$163
25 years$1,101$839$631$470$346$140
26 years$1,047$789$586$430$312$120
27 years$998$742$544$393$281$104
28 years$952$699$505$360$254$89
29 years$909$660$470$330$229$77
30 years$869$623$438$303$207$67
31 years$832$589$408$278$187$57
32 years$797$557$381$256$169$50
33 years$765$528$356$235$153$43
34 years$734$500$332$216$139$37
35 years$705$474$311$199$126$32
36 years$678$450$291$184$114$28
37 years$653$428$272$169$103$24
38 years$628$407$255$156$94$21
39 years$605$387$239$144$85$18
40 years$584$368$224$133$77$15
41 years$563$350$210$122$70$13
42 years$544$333$197$113$63$11
43 years$525$318$185$104$57$10
44 years$507$303$173$96$52$9
45 years$490$289$163$89$47$7
46 years$474$275$153$82$43$6
47 years$459$263$144$76$39$6
48 years$444$251$135$70$35$5
49 years$430$240$127$65$32$4
50 years$417$229$119$60$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $427,000, adding $3,346 every year, while hoping to spend $20,710 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: 37/42/21 Blend
59$427,000$427,000$427,000$427,000
60$474,005$451,374$444,756$488,440
61$500,319$451,456$437,620$499,322
62$528,622$450,848$429,551$508,888
63$559,096$449,495$420,495$518,799
64$591,940$447,336$410,398$529,096
65$627,372$444,310$399,201$539,829
66$665,632$440,349$386,843$551,054
67$706,985$435,385$373,260$562,833
68$751,719$429,340$358,386$575,236
69$800,154$422,137$342,151$588,345
70$852,640$413,692$324,483$602,248
71$909,561$403,915$305,306$617,047
72$971,342$392,713$284,539$632,857
73$1,038,449$379,986$262,101$649,806
74$1,111,393$365,627$237,904$668,036
75$1,190,739$349,527$211,857$687,710
76$1,277,106$331,566$183,866$709,007
77$1,371,178$311,619$153,833$732,130
78$1,473,705$289,555$121,653$757,303
79$1,585,513$265,234$87,219$784,780
80$1,707,513$238,508$50,419$814,842
81$1,840,706$209,222$11,134$847,803
82$1,986,194$177,210$0$884,013
83$2,145,190$142,297$0$930,761
84$2,319,031$104,301$0$984,694
85$2,509,187$63,027$0$1,043,828
86$2,717,278$18,268$0$1,108,734
87$2,945,086$0$0$1,180,043
88$3,194,577$0$0$1,272,406
89$3,467,912$0$0$1,382,906
90$3,767,473$0$0$1,504,069
91$4,095,883$0$0$1,636,965
92$4,456,031$0$0$1,782,769
93$4,851,099$0$0$1,942,779
94$5,284,591$0$0$2,118,422
95$5,760,367$0$0$2,311,271
96$6,282,681$0$0$2,523,059
97$6,856,215$0$0$2,755,694
98$7,486,129$0$0$3,011,280
99$8,178,109$0$0$3,292,133
100$8,938,414$0$0$3,600,804