Can I retire at age 60 with 433,000?

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 $433,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$35,757$35,438$35,127$34,824$34,528$33,383
2 years$17,701$17,372$17,052$16,742$16,442$15,299
3 years$11,684$11,353$11,034$10,727$10,431$9,327
4 years$8,675$8,345$8,030$7,728$7,440$6,382
5 years$6,871$6,543$6,231$5,936$5,656$4,648
6 years$5,668$5,343$5,036$4,747$4,475$3,518
7 years$4,810$4,487$4,185$3,903$3,639$2,733
8 years$4,166$3,846$3,549$3,274$3,019$2,162
9 years$3,666$3,349$3,057$2,789$2,543$1,734
10 years$3,266$2,952$2,665$2,404$2,166$1,405
11 years$2,938$2,628$2,346$2,092$1,863$1,148
12 years$2,666$2,358$2,082$1,835$1,615$944
13 years$2,436$2,131$1,860$1,620$1,408$780
14 years$2,238$1,937$1,672$1,438$1,234$647
15 years$2,068$1,770$1,509$1,283$1,087$539
16 years$1,918$1,624$1,368$1,148$960$449
17 years$1,787$1,495$1,245$1,032$852$376
18 years$1,670$1,382$1,137$930$757$315
19 years$1,565$1,281$1,041$840$675$264
20 years$1,472$1,190$955$761$603$222
21 years$1,387$1,109$878$691$539$187
22 years$1,310$1,035$810$628$484$157
23 years$1,240$968$747$572$434$133
24 years$1,175$907$691$522$390$112
25 years$1,116$851$640$476$351$94
26 years$1,062$800$594$436$316$80
27 years$1,012$753$551$399$285$67
28 years$965$709$513$365$257$57
29 years$922$669$477$335$232$48
30 years$881$632$444$307$210$41
31 years$844$597$414$282$190$34
32 years$808$565$386$259$172$29
33 years$775$535$361$239$155$24
34 years$744$507$337$220$141$21
35 years$715$481$315$202$127$18
36 years$688$457$295$186$115$15
37 years$662$434$276$171$105$13
38 years$637$412$258$158$95$11
39 years$614$392$242$146$86$9
40 years$592$373$227$134$78$8
41 years$571$355$213$124$71$6
42 years$551$338$200$114$64$5
43 years$532$322$187$106$58$5
44 years$514$307$176$98$53$4
45 years$497$293$165$90$48$3
46 years$481$279$155$83$44$3
47 years$465$267$146$77$40$2
48 years$451$254$137$71$36$2
49 years$436$243$129$66$33$2
50 years$423$232$121$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $433,000, adding $5,182 every year, while hoping to spend $22,290 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: 59/34/7 Blend
59$433,000$433,000$433,000$433,000
60$482,511$459,562$452,851$509,965
61$508,011$458,364$444,305$527,800
62$535,365$456,361$434,726$544,236
63$564,738$453,488$424,055$561,599
64$596,312$449,680$412,232$579,977
65$630,287$444,866$399,193$599,472
66$666,882$438,970$384,871$620,193
67$706,337$431,912$369,197$642,264
68$748,916$423,609$352,099$665,821
69$794,911$413,971$333,499$691,016
70$844,639$402,903$313,319$718,017
71$898,452$390,305$291,475$747,010
72$956,736$376,072$267,880$778,202
73$1,019,913$360,090$242,445$811,821
74$1,088,451$342,240$215,073$848,123
75$1,162,861$322,399$185,667$887,387
76$1,243,709$300,431$154,122$929,927
77$1,331,612$276,198$120,330$976,087
78$1,427,255$249,550$84,180$1,026,249
79$1,531,388$220,331$45,553$1,080,839
80$1,644,837$188,375$4,326$1,140,324
81$1,768,511$153,506$0$1,205,225
82$1,903,411$115,539$0$1,279,079
83$2,050,637$74,279$0$1,360,096
84$2,211,403$29,519$0$1,448,669
85$2,387,042$0$0$1,545,586
86$2,579,023$0$0$1,658,815
87$2,788,965$0$0$1,794,747
88$3,018,647$0$0$1,943,497
89$3,270,031$0$0$2,106,338
90$3,545,276$0$0$2,284,673
91$3,846,759$0$0$2,480,050
92$4,177,100$0$0$2,694,168
93$4,539,181$0$0$2,928,902
94$4,936,179$0$0$3,186,317
95$5,371,592$0$0$3,468,687
96$5,849,272$0$0$3,778,515
97$6,373,464$0$0$4,118,560
98$6,948,842$0$0$4,491,861
99$7,580,555$0$0$4,901,765
100$8,274,276$0$0$5,351,959