Can I retire at age 60 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$36,170$35,847$35,533$35,226$34,927$33,581
2 years$17,906$17,572$17,249$16,936$16,632$15,292
3 years$11,819$11,484$11,161$10,851$10,552$9,260
4 years$8,776$8,442$8,123$7,817$7,526$6,292
5 years$6,950$6,618$6,303$6,005$5,721$4,548
6 years$5,734$5,404$5,094$4,802$4,527$3,416
7 years$4,865$4,539$4,233$3,948$3,681$2,632
8 years$4,214$3,890$3,590$3,312$3,054$2,066
9 years$3,708$3,387$3,092$2,821$2,572$1,643
10 years$3,303$2,986$2,696$2,432$2,191$1,319
11 years$2,972$2,658$2,373$2,116$1,885$1,068
12 years$2,697$2,386$2,106$1,856$1,633$870
13 years$2,464$2,156$1,882$1,639$1,424$712
14 years$2,264$1,960$1,691$1,455$1,248$585
15 years$2,092$1,790$1,527$1,297$1,099$482
16 years$1,941$1,643$1,384$1,162$972$398
17 years$1,807$1,513$1,259$1,044$861$330
18 years$1,689$1,398$1,150$941$766$273
19 years$1,584$1,295$1,053$850$683$227
20 years$1,489$1,204$966$770$610$189
21 years$1,403$1,121$888$699$546$157
22 years$1,325$1,047$819$635$489$131
23 years$1,254$979$756$578$439$109
24 years$1,189$917$699$528$395$91
25 years$1,129$861$648$482$355$76
26 years$1,074$809$601$441$320$63
27 years$1,023$761$558$403$288$53
28 years$976$717$519$369$260$44
29 years$932$677$483$339$235$37
30 years$892$639$449$311$212$31
31 years$853$604$419$286$192$26
32 years$818$572$391$262$174$21
33 years$784$541$365$241$157$18
34 years$753$513$341$222$142$15
35 years$723$487$319$204$129$13
36 years$696$462$298$188$117$10
37 years$669$439$279$173$106$9
38 years$645$417$261$160$96$7
39 years$621$397$245$147$87$6
40 years$599$377$230$136$79$5
41 years$578$359$215$125$72$4
42 years$558$342$202$116$65$4
43 years$539$326$190$107$59$3
44 years$520$311$178$99$54$3
45 years$503$296$167$91$49$2
46 years$487$283$157$84$44$2
47 years$471$270$147$78$40$1
48 years$456$257$138$72$36$1
49 years$441$246$130$66$33$1
50 years$428$235$122$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $438,000, adding $5,972 every year, while hoping to spend $27,580 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: 52/30/18 Blend
59$438,000$438,000$438,000$438,000
60$488,836$465,622$458,833$511,556
61$509,352$459,093$444,859$521,278
62$531,037$451,319$429,493$528,467
63$553,980$442,211$412,658$535,687
64$578,280$431,673$394,276$542,948
65$604,044$419,604$374,263$550,265
66$631,389$405,897$352,534$557,657
67$660,444$390,440$328,997$565,143
68$691,349$373,111$303,558$572,749
69$724,258$353,785$276,119$580,506
70$759,339$332,327$246,576$588,448
71$796,777$308,596$214,821$596,615
72$836,772$282,442$180,742$605,057
73$879,547$253,706$144,221$613,827
74$925,344$222,220$105,135$622,990
75$974,429$187,809$63,357$632,618
76$1,027,093$150,284$18,752$642,795
77$1,083,657$109,449$0$653,617
78$1,144,473$65,094$0$670,733
79$1,209,926$17,000$0$692,929
80$1,280,439$0$0$716,769
81$1,356,478$0$0$754,019
82$1,438,555$0$0$800,318
83$1,527,230$0$0$850,376
84$1,623,122$0$0$904,545
85$1,726,908$0$0$963,213
86$1,839,334$0$0$1,026,807
87$1,961,221$0$0$1,095,796
88$2,093,470$0$0$1,170,696
89$2,237,072$0$0$1,252,074
90$2,393,120$0$0$1,340,555
91$2,562,812$0$0$1,436,825
92$2,747,468$0$0$1,541,640
93$2,948,542$0$0$1,655,831
94$3,167,632$0$0$1,780,314
95$3,406,497$0$0$1,916,095
96$3,667,072$0$0$2,064,282
97$3,951,490$0$0$2,226,096
98$4,262,094$0$0$2,402,879
99$4,601,468$0$0$2,596,111
100$4,972,455$0$0$2,807,418