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%18%
1 years$36,170$35,847$35,533$35,226$34,927$33,795
2 years$17,906$17,572$17,249$16,936$16,632$15,502
3 years$11,819$11,484$11,161$10,851$10,552$9,460
4 years$8,776$8,442$8,123$7,817$7,526$6,480
5 years$6,950$6,618$6,303$6,005$5,721$4,724
6 years$5,734$5,404$5,094$4,802$4,527$3,579
7 years$4,865$4,539$4,233$3,948$3,681$2,783
8 years$4,214$3,890$3,590$3,312$3,054$2,205
9 years$3,708$3,387$3,092$2,821$2,572$1,771
10 years$3,303$2,986$2,696$2,432$2,191$1,437
11 years$2,972$2,658$2,373$2,116$1,885$1,175
12 years$2,697$2,386$2,106$1,856$1,633$967
13 years$2,464$2,156$1,882$1,639$1,424$800
14 years$2,264$1,960$1,691$1,455$1,248$665
15 years$2,092$1,790$1,527$1,297$1,099$554
16 years$1,941$1,643$1,384$1,162$972$463
17 years$1,807$1,513$1,259$1,044$861$388
18 years$1,689$1,398$1,150$941$766$326
19 years$1,584$1,295$1,053$850$683$274
20 years$1,489$1,204$966$770$610$230
21 years$1,403$1,121$888$699$546$194
22 years$1,325$1,047$819$635$489$164
23 years$1,254$979$756$578$439$138
24 years$1,189$917$699$528$395$117
25 years$1,129$861$648$482$355$99
26 years$1,074$809$601$441$320$83
27 years$1,023$761$558$403$288$71
28 years$976$717$519$369$260$60
29 years$932$677$483$339$235$50
30 years$892$639$449$311$212$43
31 years$853$604$419$286$192$36
32 years$818$572$391$262$174$31
33 years$784$541$365$241$157$26
34 years$753$513$341$222$142$22
35 years$723$487$319$204$129$19
36 years$696$462$298$188$117$16
37 years$669$439$279$173$106$13
38 years$645$417$261$160$96$11
39 years$621$397$245$147$87$10
40 years$599$377$230$136$79$8
41 years$578$359$215$125$72$7
42 years$558$342$202$116$65$6
43 years$539$326$190$107$59$5
44 years$520$311$178$99$54$4
45 years$503$296$167$91$49$4
46 years$487$283$157$84$44$3
47 years$471$270$147$78$40$3
48 years$456$257$138$72$36$2
49 years$441$246$130$66$33$2
50 years$428$235$122$61$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $438,000, adding $3,845 every year, while hoping to spend $37,952 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: 66/6/28 Blend
59$438,000$438,000$438,000$438,000
60$486,642$463,428$456,639$514,939
61$495,899$445,755$431,556$516,833
62$504,828$425,945$404,360$514,312
63$513,356$403,851$374,942$510,715
64$521,400$379,322$343,184$505,939
65$528,869$352,195$308,967$499,873
66$535,659$322,298$272,163$492,395
67$541,657$289,451$232,641$483,371
68$546,735$253,463$190,263$472,658
69$550,750$214,131$144,885$460,097
70$553,544$171,241$96,356$445,516
71$554,942$124,568$44,521$428,729
72$554,747$73,874$0$409,531
73$552,744$18,906$0$390,924
74$548,691$0$0$383,844
75$542,321$0$0$377,443
76$533,338$0$0$370,374
77$521,413$0$0$361,148
78$506,182$0$0$349,501
79$487,243$0$0$335,139
80$464,149$0$0$317,736
81$436,406$0$0$296,933
82$403,469$0$0$272,332
83$364,732$0$0$243,492
84$319,527$0$0$209,928
85$267,116$0$0$171,100
86$206,681$0$0$126,415
87$137,320$0$0$75,214
88$58,035$0$0$16,771
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0