Can I retire at age 60 with 446,000?

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 $446,000?

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$36,830$36,502$36,182$35,870$35,565$34,621
2 years$18,233$17,893$17,564$17,245$16,936$15,991
3 years$12,034$11,693$11,365$11,049$10,745$9,829
4 years$8,936$8,596$8,271$7,960$7,663$6,784
5 years$7,077$6,739$6,419$6,114$5,825$4,985
6 years$5,839$5,503$5,187$4,890$4,609$3,808
7 years$4,954$4,622$4,311$4,020$3,749$2,987
8 years$4,291$3,962$3,656$3,372$3,110$2,387
9 years$3,776$3,449$3,149$2,872$2,619$1,934
10 years$3,364$3,040$2,745$2,476$2,232$1,584
11 years$3,027$2,707$2,417$2,155$1,919$1,309
12 years$2,746$2,429$2,145$1,890$1,663$1,088
13 years$2,509$2,195$1,916$1,669$1,450$909
14 years$2,306$1,996$1,722$1,481$1,271$763
15 years$2,130$1,823$1,554$1,321$1,119$643
16 years$1,976$1,673$1,409$1,183$989$543
17 years$1,840$1,540$1,282$1,063$877$460
18 years$1,720$1,423$1,171$958$780$391
19 years$1,612$1,319$1,072$865$695$332
20 years$1,516$1,226$984$784$621$283
21 years$1,428$1,142$905$711$556$241
22 years$1,349$1,066$834$647$498$206
23 years$1,277$997$770$589$447$176
24 years$1,211$934$712$537$402$150
25 years$1,150$876$659$491$362$128
26 years$1,094$824$612$449$326$110
27 years$1,042$775$568$411$294$94
28 years$994$731$528$376$265$80
29 years$949$689$491$345$239$69
30 years$908$651$458$317$216$59
31 years$869$615$427$291$195$51
32 years$833$582$398$267$177$43
33 years$799$551$372$246$160$37
34 years$767$523$347$226$145$32
35 years$737$496$325$208$131$27
36 years$708$470$304$192$119$23
37 years$682$447$284$177$108$20
38 years$656$425$266$163$98$17
39 years$632$404$249$150$89$15
40 years$610$384$234$138$80$13
41 years$588$366$219$128$73$11
42 years$568$348$206$118$66$9
43 years$548$332$193$109$60$8
44 years$530$316$181$100$54$7
45 years$512$302$170$93$49$6
46 years$495$288$160$86$45$5
47 years$479$275$150$79$41$4
48 years$464$262$141$73$37$4
49 years$449$250$133$68$34$3
50 years$435$239$125$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $446,000, adding $2,921 every year, while hoping to spend $24,103 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: 59/13/28 Blend
59$446,000$446,000$446,000$446,000
60$494,505$470,867$463,954$519,760
61$519,299$468,294$453,851$534,782
62$545,814$464,787$442,602$548,349
63$574,201$460,275$430,142$562,648
64$604,623$454,683$416,406$577,756
65$637,262$447,930$401,323$593,759
66$672,316$439,931$384,820$610,753
67$710,002$430,597$366,821$628,846
68$750,558$419,833$347,246$648,156
69$794,248$407,537$326,012$668,817
70$841,359$393,604$303,031$690,976
71$892,207$377,920$278,212$714,796
72$947,140$360,366$251,460$740,461
73$1,006,540$340,816$222,675$768,172
74$1,070,826$319,135$191,754$798,155
75$1,140,461$295,184$158,589$830,658
76$1,215,952$268,811$123,065$865,959
77$1,297,856$239,860$85,065$904,364
78$1,386,788$208,164$44,465$946,215
79$1,483,422$173,545$1,136$991,889
80$1,588,501$135,819$0$1,041,805
81$1,702,841$94,788$0$1,109,901
82$1,827,343$50,244$0$1,184,454
83$1,962,994$1,968$0$1,265,738
84$2,110,883$0$0$1,354,427
85$2,272,208$0$0$1,458,459
86$2,448,288$0$0$1,572,348
87$2,640,574$0$0$1,696,755
88$2,850,664$0$0$1,832,719
89$3,080,317$0$0$1,981,381
90$3,331,469$0$0$2,144,002
91$3,606,253$0$0$2,321,966
92$3,907,017$0$0$2,516,800
93$4,236,345$0$0$2,730,184
94$4,597,086$0$0$2,963,968
95$4,992,374$0$0$3,220,190
96$5,425,663$0$0$3,501,095
97$5,900,755$0$0$3,809,153
98$6,421,840$0$0$4,147,089
99$6,993,530$0$0$4,517,900
100$7,620,908$0$0$4,924,890