Can I retire at age 60 with 437,000?

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 $437,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$36,087$35,766$35,452$35,146$34,847$34,185
2 years$17,865$17,532$17,210$16,897$16,594$15,930
3 years$11,792$11,457$11,136$10,826$10,528$9,882
4 years$8,756$8,422$8,104$7,800$7,509$6,886
5 years$6,934$6,603$6,289$5,991$5,708$5,111
6 years$5,721$5,392$5,082$4,791$4,516$3,945
7 years$4,854$4,528$4,224$3,939$3,673$3,127
8 years$4,204$3,882$3,582$3,304$3,047$2,527
9 years$3,699$3,380$3,085$2,814$2,566$2,072
10 years$3,296$2,979$2,690$2,426$2,186$1,717
11 years$2,966$2,652$2,368$2,111$1,880$1,435
12 years$2,691$2,380$2,101$1,852$1,630$1,208
13 years$2,458$2,151$1,878$1,635$1,421$1,023
14 years$2,259$1,955$1,687$1,451$1,246$870
15 years$2,087$1,786$1,523$1,294$1,097$742
16 years$1,936$1,639$1,381$1,159$969$636
17 years$1,803$1,509$1,257$1,041$859$546
18 years$1,685$1,395$1,147$938$764$470
19 years$1,580$1,293$1,050$848$681$405
20 years$1,485$1,201$964$768$608$350
21 years$1,400$1,119$886$697$544$303
22 years$1,322$1,044$817$634$488$262
23 years$1,251$977$754$577$438$227
24 years$1,186$915$698$526$394$197
25 years$1,127$859$646$481$354$171
26 years$1,072$807$599$440$319$149
27 years$1,021$760$556$402$288$129
28 years$974$716$517$369$260$112
29 years$930$675$481$338$234$98
30 years$890$638$448$310$212$85
31 years$852$603$418$285$192$74
32 years$816$570$390$262$173$65
33 years$783$540$364$241$157$56
34 years$751$512$340$222$142$49
35 years$722$486$318$204$129$43
36 years$694$461$298$188$116$37
37 years$668$438$279$173$106$32
38 years$643$416$261$160$96$28
39 years$620$396$244$147$87$25
40 years$597$376$229$136$79$22
41 years$576$358$215$125$71$19
42 years$556$341$201$116$65$16
43 years$537$325$189$107$59$14
44 years$519$310$177$98$53$12
45 years$502$296$167$91$48$11
46 years$485$282$157$84$44$9
47 years$470$269$147$78$40$8
48 years$455$257$138$72$36$7
49 years$440$245$130$66$33$6
50 years$427$234$122$61$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $437,000, adding $4,810 every year, while hoping to spend $26,063 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: 75/15/10 Blend
59$437,000$437,000$437,000$437,000
60$486,536$463,375$456,601$521,791
61$508,431$458,349$444,166$540,662
62$531,687$452,204$430,442$557,574
63$556,414$444,856$415,356$575,374
64$582,733$436,220$398,836$594,142
65$610,778$426,201$380,803$613,964
66$640,695$414,702$361,178$634,939
67$672,644$401,620$339,875$657,174
68$706,799$386,845$316,806$680,786
69$743,352$370,260$291,879$705,906
70$782,515$351,744$264,997$732,680
71$824,517$331,165$236,060$761,266
72$869,612$308,387$204,963$791,844
73$918,079$283,264$171,595$824,606
74$970,221$255,642$135,842$859,772
75$1,026,375$225,360$97,584$897,578
76$1,086,908$192,245$56,696$938,290
77$1,152,225$156,117$13,047$982,199
78$1,222,769$116,784$0$1,029,629
79$1,299,029$74,044$0$1,084,515
80$1,381,540$27,682$0$1,145,391
81$1,470,893$0$0$1,211,316
82$1,567,736$0$0$1,286,505
83$1,672,781$0$0$1,373,035
84$1,786,813$0$0$1,466,982
85$1,910,693$0$0$1,569,060
86$2,045,370$0$0$1,680,051
87$2,191,888$0$0$1,800,819
88$2,351,394$0$0$1,932,311
89$2,525,151$0$0$2,075,572
90$2,714,550$0$0$2,231,749
91$2,921,120$0$0$2,402,107
92$3,146,546$0$0$2,588,037
93$3,392,681$0$0$2,791,070
94$3,661,564$0$0$3,012,894
95$3,955,443$0$0$3,255,363
96$4,276,790$0$0$3,520,521
97$4,628,328$0$0$3,810,619
98$5,013,055$0$0$4,128,133
99$5,434,273$0$0$4,475,792
100$5,895,616$0$0$4,856,599