Can I retire at age 60 with 442,000?

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 $442,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$36,500$36,175$35,858$35,548$35,246$34,591
2 years$18,069$17,733$17,407$17,090$16,784$16,126
3 years$11,927$11,589$11,263$10,950$10,648$10,009
4 years$8,856$8,519$8,197$7,889$7,594$6,978
5 years$7,014$6,679$6,361$6,059$5,773$5,181
6 years$5,786$5,454$5,141$4,846$4,568$4,002
7 years$4,910$4,580$4,272$3,984$3,715$3,174
8 years$4,253$3,926$3,623$3,342$3,082$2,567
9 years$3,742$3,418$3,120$2,847$2,596$2,105
10 years$3,333$3,013$2,720$2,454$2,212$1,746
11 years$2,999$2,682$2,395$2,136$1,902$1,460
12 years$2,721$2,408$2,126$1,873$1,648$1,230
13 years$2,486$2,176$1,899$1,654$1,437$1,042
14 years$2,285$1,978$1,706$1,468$1,260$887
15 years$2,111$1,807$1,541$1,309$1,109$757
16 years$1,958$1,658$1,397$1,172$980$649
17 years$1,824$1,527$1,271$1,053$869$558
18 years$1,705$1,411$1,160$949$773$480
19 years$1,598$1,307$1,062$858$689$414
20 years$1,502$1,215$975$777$615$358
21 years$1,416$1,132$897$705$551$310
22 years$1,337$1,056$826$641$494$269
23 years$1,265$988$763$584$443$233
24 years$1,200$926$706$532$398$202
25 years$1,140$869$654$486$358$176
26 years$1,084$816$606$445$323$153
27 years$1,033$768$563$407$291$133
28 years$985$724$523$373$263$116
29 years$941$683$487$342$237$101
30 years$900$645$454$314$214$88
31 years$861$610$423$288$194$77
32 years$825$577$395$265$175$67
33 years$792$546$368$244$159$58
34 years$760$518$344$224$144$51
35 years$730$491$322$206$130$44
36 years$702$466$301$190$118$39
37 years$675$443$282$175$107$34
38 years$650$421$264$161$97$29
39 years$627$400$247$149$88$26
40 years$604$381$232$137$80$22
41 years$583$362$217$127$72$20
42 years$563$345$204$117$66$17
43 years$543$329$191$108$59$15
44 years$525$313$180$100$54$13
45 years$508$299$169$92$49$11
46 years$491$285$158$85$45$10
47 years$475$272$149$78$40$9
48 years$460$260$140$73$37$8
49 years$445$248$131$67$33$7
50 years$432$237$124$62$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $442,000, adding $3,915 every year, while hoping to spend $20,993 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: 32/46/22 Blend
59$442,000$442,000$442,000$442,000
60$491,122$467,696$460,845$503,401
61$518,880$468,277$453,947$513,552
62$548,766$468,183$446,114$522,308
63$580,975$467,358$437,294$531,308
64$615,720$465,744$427,429$540,585
65$653,237$463,279$416,461$550,180
66$693,784$459,896$404,329$560,138
67$737,645$455,527$390,970$570,511
68$785,132$450,095$376,315$581,357
69$836,589$443,524$360,295$592,744
70$892,393$435,728$342,837$604,748
71$952,959$426,620$323,863$617,455
72$1,018,743$416,107$303,295$630,963
73$1,090,248$404,089$281,048$645,383
74$1,168,025$390,461$257,035$660,838
75$1,252,682$375,113$231,165$677,469
76$1,344,889$357,926$203,341$695,433
77$1,445,379$338,776$173,465$714,907
78$1,554,965$317,533$141,433$736,090
79$1,674,536$294,057$107,136$759,204
80$1,805,073$268,200$70,460$784,497
81$1,947,657$239,809$31,287$812,251
82$2,103,477$208,718$0$842,775
83$2,273,840$174,754$0$878,889
84$2,460,188$137,733$0$926,510
85$2,664,109$97,463$0$978,751
86$2,887,347$53,739$0$1,036,131
87$3,131,829$6,344$0$1,099,224
88$3,399,672$0$0$1,168,665
89$3,693,209$0$0$1,267,915
90$4,015,010$0$0$1,380,309
91$4,367,905$0$0$1,503,634
92$4,755,012$0$0$1,638,989
93$5,179,763$0$0$1,787,582
94$5,645,941$0$0$1,950,746
95$6,157,711$0$0$2,129,949
96$6,719,662$0$0$2,326,808
97$7,336,848$0$0$2,543,104
98$8,014,839$0$0$2,780,799
99$8,759,768$0$0$3,042,056
100$9,578,393$0$0$3,329,256