Can I retire at age 60 with 441,000?

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 $441,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$36,417$36,093$35,776$35,468$35,166$34,930
2 years$18,028$17,693$17,367$17,052$16,746$16,507
3 years$11,900$11,562$11,238$10,925$10,624$10,391
4 years$8,836$8,500$8,178$7,871$7,577$7,351
5 years$6,998$6,664$6,347$6,046$5,760$5,542
6 years$5,773$5,441$5,129$4,835$4,558$4,348
7 years$4,899$4,570$4,262$3,975$3,707$3,505
8 years$4,243$3,917$3,615$3,334$3,075$2,882
9 years$3,733$3,411$3,113$2,840$2,590$2,404
10 years$3,326$3,006$2,714$2,448$2,207$2,029
11 years$2,993$2,676$2,390$2,131$1,898$1,728
12 years$2,715$2,402$2,121$1,869$1,644$1,483
13 years$2,481$2,171$1,895$1,650$1,434$1,280
14 years$2,280$1,973$1,702$1,465$1,257$1,111
15 years$2,106$1,803$1,537$1,306$1,107$968
16 years$1,954$1,654$1,394$1,170$978$846
17 years$1,820$1,523$1,268$1,051$867$742
18 years$1,701$1,407$1,158$947$771$652
19 years$1,594$1,304$1,060$856$687$575
20 years$1,499$1,212$973$775$614$508
21 years$1,412$1,129$895$703$549$449
22 years$1,334$1,054$824$640$493$398
23 years$1,263$986$761$582$442$353
24 years$1,197$924$704$531$397$313
25 years$1,137$867$652$485$358$279
26 years$1,082$815$605$444$322$248
27 years$1,030$767$562$406$290$221
28 years$983$722$522$372$262$197
29 years$939$681$486$341$237$175
30 years$898$644$453$313$214$156
31 years$859$608$422$288$193$140
32 years$823$576$394$264$175$125
33 years$790$545$368$243$158$111
34 years$758$517$343$224$143$99
35 years$728$490$321$206$130$89
36 years$700$465$300$190$118$79
37 years$674$442$281$175$107$71
38 years$649$420$263$161$97$64
39 years$625$399$247$148$88$57
40 years$603$380$231$137$79$51
41 years$582$362$217$126$72$46
42 years$561$344$203$117$65$41
43 years$542$328$191$108$59$36
44 years$524$313$179$99$54$33
45 years$507$298$168$92$49$29
46 years$490$284$158$85$44$26
47 years$474$271$148$78$40$23
48 years$459$259$139$72$37$21
49 years$444$247$131$67$33$19
50 years$431$236$123$62$30$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $441,000, adding $6,153 every year, while hoping to spend $23,788 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: 42/45/13 Blend
59$441,000$441,000$441,000$441,000
60$492,329$468,956$462,120$510,889
61$517,236$466,624$452,291$522,188
62$543,887$463,381$441,335$531,575
63$572,433$459,157$429,190$541,219
64$603,043$453,878$415,790$551,152
65$635,900$447,465$401,066$561,415
66$671,206$439,835$384,945$572,051
67$709,183$430,900$367,354$583,111
68$750,072$420,567$348,214$594,654
69$794,142$408,737$327,441$606,744
70$841,685$395,305$304,951$619,458
71$893,023$380,162$280,653$632,879
72$948,511$363,189$254,454$647,105
73$1,008,537$344,263$226,257$662,242
74$1,073,529$323,253$195,957$678,415
75$1,143,957$300,021$163,450$695,760
76$1,220,338$274,419$128,623$714,432
77$1,303,240$246,293$91,359$734,607
78$1,393,288$215,480$51,538$756,481
79$1,491,171$181,806$9,032$780,271
80$1,597,645$145,088$0$806,226
81$1,713,541$105,134$0$839,660
82$1,839,777$61,740$0$877,506
83$1,977,359$14,691$0$918,875
84$2,127,398$0$0$964,174
85$2,291,113$0$0$1,031,799
86$2,469,849$0$0$1,113,624
87$2,665,085$0$0$1,203,057
88$2,878,449$0$0$1,300,851
89$3,111,735$0$0$1,407,836
90$3,366,916$0$0$1,524,923
91$3,646,165$0$0$1,653,118
92$3,951,876$0$0$1,793,528
93$4,286,685$0$0$1,947,370
94$4,653,493$0$0$2,115,988
95$5,055,496$0$0$2,300,860
96$5,496,216$0$0$2,503,613
97$5,979,528$0$0$2,726,042
98$6,509,704$0$0$2,970,120
99$7,091,445$0$0$3,238,024
100$7,729,933$0$0$3,532,150