Can I retire at age 60 with 436,000?

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 $436,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$36,004$35,684$35,371$35,065$34,767$34,234
2 years$17,824$17,492$17,170$16,858$16,556$16,019
3 years$11,765$11,431$11,110$10,801$10,504$9,981
4 years$8,736$8,403$8,085$7,782$7,491$6,987
5 years$6,919$6,588$6,275$5,977$5,695$5,210
6 years$5,708$5,380$5,071$4,780$4,506$4,041
7 years$4,843$4,518$4,214$3,930$3,665$3,220
8 years$4,195$3,873$3,574$3,297$3,040$2,616
9 years$3,691$3,372$3,078$2,808$2,560$2,156
10 years$3,288$2,972$2,684$2,421$2,181$1,796
11 years$2,959$2,646$2,363$2,107$1,876$1,510
12 years$2,684$2,375$2,097$1,848$1,626$1,279
13 years$2,453$2,146$1,873$1,631$1,418$1,089
14 years$2,254$1,951$1,683$1,448$1,243$932
15 years$2,082$1,782$1,520$1,291$1,094$800
16 years$1,932$1,635$1,378$1,156$967$690
17 years$1,799$1,506$1,254$1,039$858$596
18 years$1,681$1,391$1,144$936$762$516
19 years$1,576$1,290$1,048$846$680$448
20 years$1,482$1,198$962$766$607$390
21 years$1,396$1,116$884$695$543$339
22 years$1,319$1,042$815$632$487$296
23 years$1,248$974$753$576$437$258
24 years$1,184$913$696$525$393$226
25 years$1,124$857$645$480$354$197
26 years$1,069$805$598$439$318$173
27 years$1,019$758$555$401$287$151
28 years$972$714$516$368$259$132
29 years$928$674$480$337$234$116
30 years$888$636$447$310$211$102
31 years$850$601$417$284$191$89
32 years$814$569$389$261$173$78
33 years$781$539$363$240$156$69
34 years$750$511$340$221$142$60
35 years$720$484$317$203$128$53
36 years$692$460$297$187$116$47
37 years$666$437$278$173$105$41
38 years$642$415$260$159$96$36
39 years$618$395$244$147$87$32
40 years$596$376$229$135$79$28
41 years$575$357$214$125$71$24
42 years$555$340$201$115$65$21
43 years$536$324$189$106$59$19
44 years$518$309$177$98$53$17
45 years$501$295$166$91$48$15
46 years$484$281$156$84$44$13
47 years$469$268$147$77$40$11
48 years$454$256$138$72$36$10
49 years$439$245$130$66$33$9
50 years$426$234$122$61$30$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $436,000, adding $4,410 every year, while hoping to spend $28,867 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: 67/22/11 Blend
59$436,000$436,000$436,000$436,000
60$485,021$461,913$455,155$516,078
61$503,779$453,832$439,688$529,225
62$523,482$444,388$422,736$539,746
63$544,198$433,484$404,218$550,502
64$565,997$421,015$384,050$561,512
65$588,958$406,874$362,145$572,799
66$613,165$390,945$338,410$584,389
67$638,712$373,105$312,751$596,310
68$665,699$353,225$285,067$608,597
69$694,237$331,170$255,253$621,288
70$724,445$306,794$223,201$634,426
71$756,456$279,944$188,795$648,059
72$790,413$250,460$151,918$662,243
73$826,473$218,170$112,445$677,040
74$864,807$182,894$70,245$692,522
75$905,603$144,441$25,184$708,766
76$949,066$102,611$0$725,863
77$995,422$57,190$0$746,601
78$1,044,918$7,955$0$771,734
79$1,097,823$0$0$798,447
80$1,154,433$0$0$837,877
81$1,215,074$0$0$882,194
82$1,280,101$0$0$929,735
83$1,349,904$0$0$980,788
84$1,424,914$0$0$1,035,670
85$1,505,600$0$0$1,094,727
86$1,592,480$0$0$1,158,341
87$1,686,121$0$0$1,226,930
88$1,787,146$0$0$1,300,954
89$1,896,240$0$0$1,380,918
90$2,014,156$0$0$1,467,377
91$2,141,722$0$0$1,560,941
92$2,279,846$0$0$1,662,282
93$2,429,528$0$0$1,772,136
94$2,591,868$0$0$1,891,315
95$2,768,074$0$0$2,020,711
96$2,959,476$0$0$2,161,304
97$3,167,536$0$0$2,314,173
98$3,393,863$0$0$2,480,506
99$3,640,228$0$0$2,661,610
100$3,908,578$0$0$2,858,921