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%15.1%
1 years$36,748$36,420$36,101$35,789$35,485$34,740
2 years$18,192$17,853$17,525$17,206$16,898$16,151
3 years$12,007$11,667$11,340$11,024$10,721$9,995
4 years$8,916$8,577$8,252$7,942$7,646$6,947
5 years$7,061$6,724$6,404$6,101$5,812$5,142
6 years$5,825$5,491$5,176$4,879$4,599$3,959
7 years$4,943$4,611$4,301$4,011$3,740$3,129
8 years$4,281$3,953$3,647$3,365$3,103$2,522
9 years$3,767$3,441$3,142$2,866$2,613$2,061
10 years$3,356$3,033$2,739$2,471$2,227$1,703
11 years$3,020$2,701$2,411$2,150$1,915$1,419
12 years$2,740$2,424$2,140$1,886$1,659$1,190
13 years$2,503$2,190$1,912$1,665$1,447$1,004
14 years$2,300$1,991$1,718$1,478$1,268$851
15 years$2,125$1,819$1,551$1,318$1,117$724
16 years$1,972$1,669$1,406$1,180$987$618
17 years$1,836$1,537$1,280$1,060$875$529
18 years$1,716$1,420$1,168$956$778$453
19 years$1,609$1,316$1,069$864$694$389
20 years$1,512$1,223$981$782$620$335
21 years$1,425$1,139$903$710$554$289
22 years$1,346$1,063$832$645$497$249
23 years$1,274$995$768$588$446$215
24 years$1,208$932$710$536$401$186
25 years$1,147$875$658$490$361$161
26 years$1,091$822$610$448$325$139
27 years$1,040$774$567$410$293$120
28 years$992$729$527$375$264$104
29 years$947$688$490$344$239$90
30 years$906$649$457$316$216$78
31 years$867$614$426$290$195$68
32 years$831$581$397$267$176$59
33 years$797$550$371$245$160$51
34 years$765$521$347$226$145$44
35 years$735$494$324$208$131$38
36 years$707$469$303$191$119$33
37 years$680$446$284$176$108$29
38 years$655$424$266$162$97$25
39 years$631$403$249$150$88$22
40 years$608$383$233$138$80$19
41 years$587$365$219$127$73$16
42 years$567$347$205$118$66$14
43 years$547$331$193$109$60$12
44 years$529$316$181$100$54$11
45 years$511$301$170$93$49$9
46 years$494$287$159$86$45$8
47 years$478$274$150$79$41$7
48 years$463$262$141$73$37$6
49 years$448$250$132$67$34$5
50 years$434$239$124$62$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $445,000, adding $4,147 every year, while hoping to spend $33,236 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: 52/32/16 Blend
59$445,000$445,000$445,000$445,000
60$494,668$471,083$464,185$518,038
61$509,761$458,803$444,372$522,225
62$525,280$444,807$422,782$522,933
63$541,232$428,977$399,320$522,966
64$557,627$411,186$373,886$522,270
65$574,472$391,301$346,377$520,790
66$591,773$369,180$316,686$518,462
67$609,539$344,674$284,700$515,224
68$627,774$317,626$250,300$511,005
69$646,486$287,869$213,364$505,733
70$665,679$255,225$173,763$499,331
71$685,357$219,510$131,363$491,716
72$705,523$180,526$86,023$482,801
73$726,179$138,064$37,598$472,493
74$747,326$91,906$0$460,693
75$768,963$41,819$0$449,701
76$791,087$0$0$444,008
77$813,694$0$0$441,480
78$836,777$0$0$453,926
79$860,328$0$0$466,616
80$884,334$0$0$479,541
81$908,781$0$0$492,693
82$933,649$0$0$506,059
83$958,918$0$0$519,627
84$984,561$0$0$533,380
85$1,010,546$0$0$547,300
86$1,036,836$0$0$561,364
87$1,063,389$0$0$575,548
88$1,090,156$0$0$589,821
89$1,117,080$0$0$604,150
90$1,144,095$0$0$618,498
91$1,171,127$0$0$632,819
92$1,198,092$0$0$647,065
93$1,224,895$0$0$661,180
94$1,251,426$0$0$675,100
95$1,277,563$0$0$688,755
96$1,303,168$0$0$702,062
97$1,328,088$0$0$714,934
98$1,352,147$0$0$727,268
99$1,375,150$0$0$738,952
100$1,396,880$0$0$749,858