Can I retire at age 60 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$36,995$36,666$36,344$36,031$35,724$35,499
2 years$18,315$17,973$17,643$17,322$17,011$16,784
3 years$12,088$11,746$11,416$11,099$10,793$10,571
4 years$8,976$8,634$8,308$7,996$7,698$7,482
5 years$7,109$6,770$6,447$6,142$5,852$5,644
6 years$5,865$5,528$5,210$4,912$4,630$4,430
7 years$4,976$4,642$4,330$4,038$3,766$3,573
8 years$4,310$3,979$3,672$3,387$3,124$2,939
9 years$3,793$3,465$3,163$2,885$2,631$2,454
10 years$3,379$3,054$2,757$2,487$2,242$2,072
11 years$3,040$2,719$2,428$2,165$1,928$1,766
12 years$2,758$2,440$2,154$1,899$1,671$1,516
13 years$2,520$2,205$1,925$1,676$1,457$1,310
14 years$2,316$2,004$1,729$1,488$1,277$1,137
15 years$2,139$1,831$1,561$1,327$1,124$991
16 years$1,985$1,680$1,416$1,188$994$867
17 years$1,849$1,547$1,288$1,068$881$761
18 years$1,728$1,430$1,176$962$783$670
19 years$1,620$1,325$1,077$869$698$591
20 years$1,523$1,231$988$787$624$522
21 years$1,435$1,147$909$715$558$462
22 years$1,355$1,071$838$650$500$410
23 years$1,283$1,001$773$592$449$364
24 years$1,216$938$715$540$404$323
25 years$1,155$880$662$493$363$287
26 years$1,099$827$614$451$327$256
27 years$1,047$779$571$412$295$228
28 years$998$734$530$378$266$203
29 years$954$692$494$347$240$181
30 years$912$654$460$318$217$162
31 years$873$618$429$292$196$145
32 years$836$585$400$268$178$129
33 years$802$554$373$247$161$116
34 years$770$525$349$227$146$103
35 years$740$498$326$209$132$92
36 years$712$473$305$193$119$83
37 years$685$449$286$177$108$74
38 years$659$426$267$164$98$66
39 years$635$406$251$151$89$59
40 years$612$386$235$139$81$53
41 years$591$367$220$128$73$48
42 years$570$350$207$118$66$43
43 years$551$333$194$109$60$38
44 years$532$318$182$101$55$34
45 years$515$303$171$93$50$31
46 years$498$289$160$86$45$27
47 years$482$276$151$80$41$25
48 years$466$263$142$74$37$22
49 years$451$251$133$68$34$20
50 years$437$240$125$63$31$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $448,000, adding $4,723 every year, while hoping to spend $21,002 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: 53/22/25 Blend
59$448,000$448,000$448,000$448,000
60$498,568$474,824$467,880$521,305
61$527,076$475,744$461,208$538,437
62$557,788$476,006$453,608$554,523
63$590,906$475,554$445,028$571,598
64$626,654$474,331$435,412$589,765
65$665,275$472,276$424,701$609,137
66$707,039$469,323$412,834$629,840
67$752,240$465,404$399,748$652,015
68$801,205$460,445$385,375$675,817
69$854,289$454,368$369,647$701,419
70$911,885$447,091$352,489$729,013
71$974,426$438,527$333,826$758,810
72$1,042,387$428,584$313,578$791,047
73$1,116,289$417,163$291,661$825,984
74$1,196,708$404,162$267,990$863,912
75$1,284,276$389,470$242,471$905,150
76$1,379,690$372,971$215,012$950,055
77$1,483,715$354,543$185,511$999,018
78$1,597,194$334,056$153,866$1,052,478
79$1,721,055$311,373$119,968$1,110,914
80$1,856,321$286,348$83,705$1,174,863
81$2,004,114$258,828$44,958$1,244,913
82$2,165,674$228,650$3,604$1,321,720
83$2,342,362$195,644$0$1,406,007
84$2,535,681$159,628$0$1,509,385
85$2,747,281$120,410$0$1,623,655
86$2,978,982$77,789$0$1,748,872
87$3,232,789$31,551$0$1,886,157
88$3,510,908$0$0$2,036,746
89$3,815,768$0$0$2,206,488
90$4,150,047$0$0$2,401,029
91$4,516,691$0$0$2,614,452
92$4,918,949$0$0$2,848,652
93$5,360,396$0$0$3,105,718
94$5,844,972$0$0$3,387,949
95$6,377,016$0$0$3,697,880
96$6,961,307$0$0$4,038,301
97$7,603,112$0$0$4,412,286
98$8,308,231$0$0$4,823,224
99$9,083,055$0$0$5,274,846
100$9,934,624$0$0$5,771,261