Can I retire at age 60 with 427,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14%
1 years$35,261$34,947$34,641$34,342$34,050$33,485
2 years$17,456$17,131$16,816$16,510$16,214$15,647
3 years$11,522$11,195$10,881$10,578$10,287$9,735
4 years$8,555$8,230$7,919$7,621$7,337$6,804
5 years$6,776$6,452$6,145$5,854$5,577$5,066
6 years$5,590$5,269$4,966$4,681$4,413$3,923
7 years$4,743$4,425$4,127$3,849$3,589$3,121
8 years$4,108$3,793$3,500$3,229$2,977$2,530
9 years$3,615$3,302$3,015$2,750$2,507$2,082
10 years$3,220$2,911$2,628$2,371$2,136$1,732
11 years$2,898$2,591$2,314$2,063$1,837$1,453
12 years$2,629$2,326$2,053$1,810$1,592$1,228
13 years$2,402$2,102$1,835$1,598$1,388$1,044
14 years$2,207$1,911$1,648$1,418$1,217$891
15 years$2,039$1,745$1,488$1,265$1,072$764
16 years$1,892$1,601$1,349$1,132$947$657
17 years$1,762$1,475$1,228$1,018$840$566
18 years$1,647$1,363$1,121$917$747$490
19 years$1,544$1,263$1,026$829$666$424
20 years$1,451$1,174$942$750$594$368
21 years$1,368$1,093$866$681$532$320
22 years$1,292$1,020$798$619$477$278
23 years$1,222$954$737$564$428$242
24 years$1,159$894$682$514$385$211
25 years$1,101$839$631$470$346$184
26 years$1,047$789$586$430$312$161
27 years$998$742$544$393$281$140
28 years$952$699$505$360$254$123
29 years$909$660$470$330$229$107
30 years$869$623$438$303$207$94
31 years$832$589$408$278$187$82
32 years$797$557$381$256$169$72
33 years$765$528$356$235$153$63
34 years$734$500$332$216$139$55
35 years$705$474$311$199$126$48
36 years$678$450$291$184$114$42
37 years$653$428$272$169$103$37
38 years$628$407$255$156$94$32
39 years$605$387$239$144$85$28
40 years$584$368$224$133$77$25
41 years$563$350$210$122$70$22
42 years$544$333$197$113$63$19
43 years$525$318$185$104$57$17
44 years$507$303$173$96$52$15
45 years$490$289$163$89$47$13
46 years$474$275$153$82$43$11
47 years$459$263$144$76$39$10
48 years$444$251$135$70$35$9
49 years$430$240$127$65$32$8
50 years$417$229$119$60$29$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $427,000, adding $6,509 every year, while hoping to spend $31,000 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: 62/9/29 Blend
59$427,000$427,000$427,000$427,000
60$477,268$454,637$448,019$502,769
61$492,966$443,930$430,043$510,168
62$509,225$431,660$410,427$514,320
63$526,072$417,717$389,082$518,199
64$543,531$401,985$365,916$521,785
65$561,631$384,342$340,834$525,057
66$580,401$364,659$313,736$527,992
67$599,872$342,797$284,516$530,568
68$620,078$318,613$253,066$532,761
69$641,054$291,953$219,272$534,546
70$662,838$262,655$183,014$535,900
71$685,470$230,548$144,167$536,795
72$708,994$195,451$102,603$537,207
73$733,456$157,173$58,185$537,106
74$758,906$115,511$10,771$536,467
75$785,396$70,254$0$535,262
76$812,985$21,174$0$545,785
77$841,733$0$0$560,042
78$871,707$0$0$577,884
79$902,979$0$0$598,692
80$935,624$0$0$620,421
81$969,726$0$0$643,128
82$1,005,374$0$0$666,872
83$1,042,666$0$0$691,720
84$1,081,706$0$0$717,743
85$1,122,607$0$0$745,017
86$1,165,494$0$0$773,626
87$1,210,499$0$0$803,660
88$1,257,767$0$0$835,219
89$1,307,456$0$0$868,408
90$1,359,738$0$0$903,345
91$1,414,798$0$0$940,155
92$1,472,841$0$0$978,978
93$1,534,086$0$0$1,019,962
94$1,598,775$0$0$1,063,272
95$1,667,170$0$0$1,109,087
96$1,739,560$0$0$1,157,602
97$1,816,258$0$0$1,209,030
98$1,897,605$0$0$1,263,605
99$1,983,976$0$0$1,321,580
100$2,075,781$0$0$1,383,236