Can I retire at age 60 with 431,000?

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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$35,592$35,275$34,965$34,663$34,369$33,136
2 years$17,620$17,291$16,973$16,665$16,366$15,137
3 years$11,630$11,300$10,983$10,677$10,383$9,197
4 years$8,635$8,307$7,993$7,693$7,405$6,271
5 years$6,839$6,513$6,203$5,909$5,629$4,550
6 years$5,642$5,318$5,013$4,725$4,454$3,431
7 years$4,787$4,466$4,166$3,885$3,623$2,654
8 years$4,147$3,828$3,533$3,259$3,005$2,091
9 years$3,649$3,333$3,043$2,776$2,531$1,670
10 years$3,250$2,938$2,653$2,393$2,156$1,348
11 years$2,925$2,616$2,335$2,082$1,855$1,096
12 years$2,654$2,348$2,073$1,827$1,607$897
13 years$2,424$2,122$1,852$1,613$1,401$737
14 years$2,228$1,928$1,664$1,431$1,229$609
15 years$2,058$1,762$1,502$1,277$1,082$504
16 years$1,909$1,616$1,362$1,143$956$419
17 years$1,779$1,489$1,239$1,027$848$348
18 years$1,662$1,375$1,131$926$754$291
19 years$1,558$1,275$1,036$836$672$243
20 years$1,465$1,185$951$757$600$203
21 years$1,380$1,103$874$687$537$170
22 years$1,304$1,030$806$625$481$142
23 years$1,234$963$744$569$432$119
24 years$1,170$903$688$519$388$100
25 years$1,111$847$637$474$349$84
26 years$1,057$796$591$434$315$70
27 years$1,007$749$549$397$284$59
28 years$961$706$510$364$256$50
29 years$917$666$475$333$231$42
30 years$877$629$442$306$209$35
31 years$840$595$412$281$189$29
32 years$805$563$385$258$171$25
33 years$772$533$359$238$155$21
34 years$741$505$336$219$140$17
35 years$712$479$314$201$127$15
36 years$685$455$294$185$115$12
37 years$659$432$275$171$104$10
38 years$634$410$257$157$94$9
39 years$611$390$241$145$86$7
40 years$589$371$226$134$78$6
41 years$568$353$212$123$70$5
42 years$549$337$199$114$64$4
43 years$530$321$186$105$58$4
44 years$512$306$175$97$53$3
45 years$495$291$164$90$48$3
46 years$479$278$154$83$43$2
47 years$463$265$145$77$39$2
48 years$449$253$136$71$36$2
49 years$434$242$128$65$33$1
50 years$421$231$120$60$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $431,000, adding $3,424 every year, while hoping to spend $31,951 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: 58/14/28 Blend
59$431,000$431,000$431,000$431,000
60$478,494$455,651$448,970$502,408
61$493,305$443,982$430,015$507,505
62$508,555$430,671$409,354$509,399
63$524,257$415,603$386,897$510,807
64$540,420$398,657$362,547$511,689
65$557,058$379,705$336,207$512,006
66$574,179$358,613$307,772$511,715
67$591,797$335,236$277,133$510,770
68$609,922$309,424$244,179$509,125
69$628,565$281,017$208,790$506,729
70$647,738$249,846$170,843$503,527
71$667,450$215,731$130,209$499,465
72$687,713$178,485$86,754$494,481
73$708,536$137,907$40,337$488,512
74$729,929$93,787$0$481,492
75$751,902$45,903$0$476,097
76$774,463$0$0$482,544
77$797,620$0$0$489,658
78$821,381$0$0$504,210
79$845,750$0$0$519,132
80$870,734$0$0$534,425
81$896,336$0$0$550,092
82$922,558$0$0$566,134
83$949,400$0$0$582,549
84$976,862$0$0$599,337
85$1,004,940$0$0$616,495
86$1,033,627$0$0$634,017
87$1,062,915$0$0$651,898
88$1,092,792$0$0$670,129
89$1,123,243$0$0$688,699
90$1,154,247$0$0$707,595
91$1,185,782$0$0$726,801
92$1,217,818$0$0$746,297
93$1,250,321$0$0$766,061
94$1,283,250$0$0$786,065
95$1,316,558$0$0$806,279
96$1,350,189$0$0$826,666
97$1,384,080$0$0$847,183
98$1,418,158$0$0$867,784
99$1,452,337$0$0$888,413
100$1,486,524$0$0$909,008