Can I retire at age 60 with 449,000?

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 $449,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$37,078$36,748$36,426$36,111$35,804$35,167
2 years$18,355$18,014$17,682$17,361$17,049$16,410
3 years$12,115$11,772$11,442$11,123$10,817$10,195
4 years$8,996$8,654$8,327$8,014$7,715$7,115
5 years$7,125$6,785$6,462$6,155$5,865$5,289
6 years$5,878$5,540$5,222$4,922$4,640$4,089
7 years$4,987$4,653$4,340$4,047$3,774$3,247
8 years$4,320$3,988$3,680$3,395$3,131$2,629
9 years$3,801$3,472$3,170$2,892$2,637$2,159
10 years$3,386$3,061$2,764$2,493$2,247$1,792
11 years$3,047$2,725$2,433$2,169$1,932$1,501
12 years$2,765$2,446$2,159$1,903$1,674$1,266
13 years$2,526$2,210$1,929$1,680$1,460$1,074
14 years$2,321$2,009$1,733$1,491$1,280$915
15 years$2,144$1,835$1,565$1,330$1,127$783
16 years$1,989$1,684$1,419$1,191$996$672
17 years$1,853$1,551$1,291$1,070$883$578
18 years$1,732$1,433$1,179$964$785$499
19 years$1,623$1,328$1,079$871$700$431
20 years$1,526$1,234$990$789$625$373
21 years$1,438$1,149$911$716$559$323
22 years$1,358$1,073$839$651$501$281
23 years$1,285$1,004$775$593$450$244
24 years$1,219$940$717$541$405$212
25 years$1,158$882$664$494$364$184
26 years$1,101$829$616$452$328$161
27 years$1,049$780$572$413$296$140
28 years$1,001$735$532$379$267$122
29 years$956$694$495$347$241$106
30 years$914$655$461$319$218$93
31 years$875$619$430$293$197$81
32 years$838$586$401$269$178$71
33 years$804$555$374$247$161$62
34 years$772$526$350$228$146$54
35 years$742$499$327$210$132$47
36 years$713$474$306$193$120$41
37 years$686$450$286$178$108$36
38 years$661$427$268$164$98$32
39 years$637$406$251$151$89$28
40 years$614$387$235$139$81$24
41 years$592$368$221$129$73$21
42 years$572$351$207$119$67$18
43 years$552$334$194$110$60$16
44 years$533$318$182$101$55$14
45 years$516$304$171$93$50$12
46 years$499$290$161$86$45$11
47 years$483$276$151$80$41$9
48 years$467$264$142$74$37$8
49 years$452$252$133$68$34$7
50 years$438$241$125$63$31$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $449,000, adding $6,067 every year, while hoping to spend $25,534 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: 42/32/26 Blend
59$449,000$449,000$449,000$449,000
60$501,056$477,259$470,300$518,069
61$524,996$473,477$458,887$527,060
62$550,522$468,653$446,236$533,913
63$577,768$462,711$432,278$540,838
64$606,884$455,567$416,942$547,856
65$638,029$447,133$400,153$554,992
66$671,383$437,318$381,833$562,277
67$707,140$426,022$361,900$569,746
68$745,513$413,141$340,269$577,440
69$786,737$398,567$316,849$585,405
70$831,068$382,181$291,548$593,699
71$878,791$363,861$264,268$602,383
72$930,214$343,477$234,908$611,530
73$985,678$320,890$203,360$621,222
74$1,045,558$295,954$169,513$631,555
75$1,110,265$268,516$133,252$642,636
76$1,180,251$238,413$94,455$654,587
77$1,256,013$205,471$52,996$667,546
78$1,338,098$169,510$8,742$681,670
79$1,427,104$130,337$0$697,134
80$1,523,694$87,748$0$724,815
81$1,628,593$41,531$0$757,541
82$1,742,601$0$0$793,179
83$1,866,596$0$0$835,063
84$2,001,546$0$0$896,613
85$2,148,513$0$0$963,698
86$2,308,670$0$0$1,036,857
87$2,483,305$0$0$1,116,687
88$2,673,836$0$0$1,203,843
89$2,881,824$0$0$1,299,046
90$3,108,987$0$0$1,403,090
91$3,357,217$0$0$1,516,851
92$3,628,597$0$0$1,641,291
93$3,925,419$0$0$1,777,470
94$4,250,208$0$0$1,926,555
95$4,605,745$0$0$2,089,832
96$4,995,089$0$0$2,268,717
97$5,421,613$0$0$2,464,768
98$5,889,028$0$0$2,679,703
99$6,401,423$0$0$2,915,411
100$6,963,302$0$0$3,173,978