Can I retire at age 60 with 445,000?

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 $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%12.6%
1 years$36,748$36,420$36,101$35,789$35,485$35,100
2 years$18,192$17,853$17,525$17,206$16,898$16,510
3 years$12,007$11,667$11,340$11,024$10,721$10,342
4 years$8,916$8,577$8,252$7,942$7,646$7,280
5 years$7,061$6,724$6,404$6,101$5,812$5,460
6 years$5,825$5,491$5,176$4,879$4,599$4,260
7 years$4,943$4,611$4,301$4,011$3,740$3,415
8 years$4,281$3,953$3,647$3,365$3,103$2,792
9 years$3,767$3,441$3,142$2,866$2,613$2,316
10 years$3,356$3,033$2,739$2,471$2,227$1,943
11 years$3,020$2,701$2,411$2,150$1,915$1,645
12 years$2,740$2,424$2,140$1,886$1,659$1,402
13 years$2,503$2,190$1,912$1,665$1,447$1,203
14 years$2,300$1,991$1,718$1,478$1,268$1,037
15 years$2,125$1,819$1,551$1,318$1,117$897
16 years$1,972$1,669$1,406$1,180$987$779
17 years$1,836$1,537$1,280$1,060$875$678
18 years$1,716$1,420$1,168$956$778$592
19 years$1,609$1,316$1,069$864$694$518
20 years$1,512$1,223$981$782$620$454
21 years$1,425$1,139$903$710$554$399
22 years$1,346$1,063$832$645$497$351
23 years$1,274$995$768$588$446$309
24 years$1,208$932$710$536$401$272
25 years$1,147$875$658$490$361$240
26 years$1,091$822$610$448$325$212
27 years$1,040$774$567$410$293$187
28 years$992$729$527$375$264$165
29 years$947$688$490$344$239$146
30 years$906$649$457$316$216$129
31 years$867$614$426$290$195$115
32 years$831$581$397$267$176$101
33 years$797$550$371$245$160$90
34 years$765$521$347$226$145$80
35 years$735$494$324$208$131$71
36 years$707$469$303$191$119$63
37 years$680$446$284$176$108$55
38 years$655$424$266$162$97$49
39 years$631$403$249$150$88$44
40 years$608$383$233$138$80$39
41 years$587$365$219$127$73$34
42 years$567$347$205$118$66$30
43 years$547$331$193$109$60$27
44 years$529$316$181$100$54$24
45 years$511$301$170$93$49$21
46 years$494$287$159$86$45$19
47 years$478$274$150$79$41$17
48 years$463$262$141$73$37$15
49 years$448$250$132$67$34$13
50 years$434$239$124$62$30$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $445,000, adding $3,843 every year, while hoping to spend $33,316 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: 67/17/16 Blend
59$445,000$445,000$445,000$445,000
60$494,354$470,769$463,872$525,334
61$509,330$458,389$443,963$534,125
62$524,717$444,285$422,271$539,475
63$540,522$428,339$398,701$544,498
64$556,751$410,423$373,153$549,158
65$573,410$390,404$345,524$553,420
66$590,503$368,140$315,705$557,243
67$608,037$343,481$283,583$560,587
68$626,014$316,268$249,040$563,405
69$644,437$286,335$211,953$565,651
70$663,308$253,504$172,192$567,272
71$682,628$217,588$129,623$568,214
72$702,396$178,390$84,105$568,417
73$722,610$135,701$35,492$567,819
74$743,265$89,299$0$566,352
75$764,356$38,953$0$566,741
76$785,875$0$0$572,760
77$807,811$0$0$581,204
78$830,150$0$0$597,218
79$852,876$0$0$613,503
80$875,968$0$0$630,042
81$899,403$0$0$646,818
82$923,152$0$0$663,810
83$947,182$0$0$680,992
84$971,454$0$0$698,335
85$995,923$0$0$715,805
86$1,020,537$0$0$733,363
87$1,045,237$0$0$750,966
88$1,069,955$0$0$768,562
89$1,094,616$0$0$786,095
90$1,119,130$0$0$803,498
91$1,143,400$0$0$820,700
92$1,167,315$0$0$837,616
93$1,190,748$0$0$854,154
94$1,213,559$0$0$870,208
95$1,235,590$0$0$885,661
96$1,256,662$0$0$900,381
97$1,276,578$0$0$914,220
98$1,295,114$0$0$927,014
99$1,312,024$0$0$938,579
100$1,327,030$0$0$948,709