Can I retire at age 60 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$35,509$35,193$34,884$34,583$34,289$33,392
2 years$17,579$17,251$16,934$16,626$16,328$15,431
3 years$11,603$11,274$10,957$10,653$10,359$9,489
4 years$8,615$8,288$7,974$7,675$7,388$6,553
5 years$6,823$6,498$6,188$5,895$5,616$4,817
6 years$5,629$5,306$5,001$4,714$4,444$3,682
7 years$4,776$4,456$4,156$3,876$3,614$2,890
8 years$4,137$3,819$3,525$3,251$2,998$2,311
9 years$3,640$3,325$3,036$2,769$2,525$1,874
10 years$3,243$2,931$2,647$2,387$2,151$1,536
11 years$2,918$2,610$2,330$2,078$1,850$1,269
12 years$2,648$2,342$2,068$1,822$1,603$1,056
13 years$2,419$2,117$1,847$1,609$1,398$883
14 years$2,223$1,924$1,660$1,428$1,226$742
15 years$2,053$1,758$1,499$1,274$1,079$625
16 years$1,905$1,613$1,359$1,140$954$529
17 years$1,774$1,485$1,236$1,025$846$448
18 years$1,658$1,372$1,129$923$752$381
19 years$1,555$1,272$1,033$834$670$324
20 years$1,461$1,182$948$756$599$276
21 years$1,377$1,101$872$686$536$235
22 years$1,301$1,028$804$624$480$201
23 years$1,231$961$742$568$431$172
24 years$1,167$900$686$518$387$147
25 years$1,109$845$636$473$349$126
26 years$1,055$794$590$433$314$108
27 years$1,005$747$548$396$283$92
28 years$958$704$509$363$255$79
29 years$915$664$474$333$231$68
30 years$875$627$441$305$208$58
31 years$838$593$411$280$188$50
32 years$803$561$384$258$170$43
33 years$770$532$358$237$154$37
34 years$739$504$335$218$140$32
35 years$710$478$313$201$127$27
36 years$683$454$293$185$115$23
37 years$657$431$274$170$104$20
38 years$633$409$257$157$94$17
39 years$610$389$240$145$85$15
40 years$588$370$225$133$77$13
41 years$567$353$211$123$70$11
42 years$547$336$198$114$64$9
43 years$529$320$186$105$58$8
44 years$511$305$175$97$53$7
45 years$494$291$164$89$48$6
46 years$478$277$154$83$43$5
47 years$462$265$145$76$39$4
48 years$447$253$136$71$36$4
49 years$433$241$128$65$32$3
50 years$420$231$120$60$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $430,000, adding $5,409 every year, while hoping to spend $33,949 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: 53/32/15 Blend
59$430,000$430,000$430,000$430,000
60$479,439$456,649$449,984$502,651
61$492,221$442,904$428,937$505,357
62$505,168$427,347$406,047$504,233
63$518,262$409,854$381,217$502,247
64$531,481$390,293$354,344$499,327
65$544,800$368,525$325,322$495,393
66$558,189$344,402$294,040$490,362
67$571,615$317,769$260,381$484,145
68$585,040$288,460$224,224$476,645
69$598,421$256,301$185,443$467,758
70$611,708$221,108$143,903$457,374
71$624,847$182,686$99,468$445,375
72$637,773$140,830$51,993$431,631
73$650,418$95,323$1,327$416,006
74$662,703$45,936$0$398,351
75$674,537$0$0$386,952
76$685,821$0$0$376,637
77$696,445$0$0$382,088
78$706,284$0$0$387,057
79$715,198$0$0$391,462
80$723,034$0$0$395,211
81$729,617$0$0$398,203
82$734,756$0$0$400,325
83$738,237$0$0$401,450
84$739,822$0$0$401,439
85$739,246$0$0$400,137
86$736,217$0$0$397,372
87$730,408$0$0$392,951
88$721,458$0$0$386,664
89$708,966$0$0$378,275
90$692,489$0$0$367,523
91$671,534$0$0$354,121
92$645,557$0$0$337,748
93$613,954$0$0$318,053
94$576,058$0$0$294,642
95$531,130$0$0$267,085
96$478,353$0$0$234,901
97$416,824$0$0$197,563
98$345,544$0$0$154,486
99$263,409$0$0$105,023
100$169,199$0$0$48,461