Can I retire at age 60 with 445,000?

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 $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$36,748$36,420$36,101$35,789$35,485$34,543
2 years$18,192$17,853$17,525$17,206$16,898$15,955
3 years$12,007$11,667$11,340$11,024$10,721$9,807
4 years$8,916$8,577$8,252$7,942$7,646$6,769
5 years$7,061$6,724$6,404$6,101$5,812$4,973
6 years$5,825$5,491$5,176$4,879$4,599$3,800
7 years$4,943$4,611$4,301$4,011$3,740$2,980
8 years$4,281$3,953$3,647$3,365$3,103$2,382
9 years$3,767$3,441$3,142$2,866$2,613$1,930
10 years$3,356$3,033$2,739$2,471$2,227$1,581
11 years$3,020$2,701$2,411$2,150$1,915$1,306
12 years$2,740$2,424$2,140$1,886$1,659$1,086
13 years$2,503$2,190$1,912$1,665$1,447$907
14 years$2,300$1,991$1,718$1,478$1,268$762
15 years$2,125$1,819$1,551$1,318$1,117$642
16 years$1,972$1,669$1,406$1,180$987$542
17 years$1,836$1,537$1,280$1,060$875$459
18 years$1,716$1,420$1,168$956$778$390
19 years$1,609$1,316$1,069$864$694$331
20 years$1,512$1,223$981$782$620$282
21 years$1,425$1,139$903$710$554$240
22 years$1,346$1,063$832$645$497$205
23 years$1,274$995$768$588$446$175
24 years$1,208$932$710$536$401$150
25 years$1,147$875$658$490$361$128
26 years$1,091$822$610$448$325$110
27 years$1,040$774$567$410$293$94
28 years$992$729$527$375$264$80
29 years$947$688$490$344$239$69
30 years$906$649$457$316$216$59
31 years$867$614$426$290$195$51
32 years$831$581$397$267$176$43
33 years$797$550$371$245$160$37
34 years$765$521$347$226$145$32
35 years$735$494$324$208$131$27
36 years$707$469$303$191$119$23
37 years$680$446$284$176$108$20
38 years$655$424$266$162$97$17
39 years$631$403$249$150$88$15
40 years$608$383$233$138$80$13
41 years$587$365$219$127$73$11
42 years$567$347$205$118$66$9
43 years$547$331$193$109$60$8
44 years$529$316$181$100$54$7
45 years$511$301$170$93$49$6
46 years$494$287$159$86$45$5
47 years$478$274$150$79$41$4
48 years$463$262$141$73$37$4
49 years$448$250$132$67$34$3
50 years$434$239$124$62$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $445,000, adding $3,938 every year, while hoping to spend $29,165 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: 66/24/10 Blend
59$445,000$445,000$445,000$445,000
60$494,452$470,867$463,970$525,787
61$513,855$462,908$448,481$539,187
62$534,259$453,582$431,496$550,005
63$555,737$442,790$412,935$561,074
64$578,365$430,430$392,711$572,415
65$602,228$416,391$370,737$584,054
66$627,418$400,558$346,920$596,020
67$654,037$382,807$321,164$608,343
68$682,194$363,009$293,367$621,062
69$712,007$341,027$263,425$634,217
70$743,610$316,714$231,227$647,857
71$777,143$289,919$196,658$662,034
72$812,764$260,477$159,599$676,809
73$850,643$228,217$119,923$692,251
74$890,968$192,959$77,499$708,436
75$933,943$154,510$32,192$725,450
76$979,792$112,669$0$743,393
77$1,028,761$67,220$0$764,096
78$1,081,120$17,939$0$789,737
79$1,137,164$0$0$817,032
80$1,197,215$0$0$855,505
81$1,261,630$0$0$901,875
82$1,330,798$0$0$951,686
83$1,405,145$0$0$1,005,249
84$1,485,142$0$0$1,062,906
85$1,571,305$0$0$1,125,029
86$1,664,198$0$0$1,192,031
87$1,764,443$0$0$1,264,363
88$1,872,725$0$0$1,342,521
89$1,989,792$0$0$1,427,051
90$2,116,472$0$0$1,518,552
91$2,253,669$0$0$1,617,684
92$2,402,383$0$0$1,725,170
93$2,563,709$0$0$1,841,808
94$2,738,852$0$0$1,968,475
95$2,929,140$0$0$2,106,134
96$3,136,032$0$0$2,255,845
97$3,361,133$0$0$2,418,776
98$3,606,208$0$0$2,596,210
99$3,873,202$0$0$2,789,560
100$4,164,252$0$0$3,000,381