Can I retire at age 60 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$37,243$36,911$36,588$36,272$35,963$34,896
2 years$18,437$18,094$17,761$17,438$17,125$16,059
3 years$12,169$11,825$11,493$11,173$10,865$9,833
4 years$9,036$8,692$8,364$8,049$7,749$6,759
5 years$7,157$6,815$6,491$6,183$5,891$4,946
6 years$5,904$5,565$5,245$4,944$4,661$3,762
7 years$5,010$4,673$4,359$4,065$3,791$2,937
8 years$4,339$4,006$3,697$3,410$3,145$2,336
9 years$3,818$3,488$3,184$2,905$2,648$1,884
10 years$3,401$3,074$2,776$2,504$2,257$1,536
11 years$3,061$2,737$2,444$2,179$1,941$1,262
12 years$2,777$2,457$2,169$1,911$1,682$1,043
13 years$2,537$2,220$1,938$1,687$1,467$867
14 years$2,331$2,018$1,741$1,498$1,286$724
15 years$2,154$1,843$1,572$1,336$1,132$607
16 years$1,998$1,691$1,425$1,196$1,000$510
17 years$1,861$1,558$1,297$1,075$887$429
18 years$1,739$1,439$1,184$969$789$362
19 years$1,631$1,334$1,084$875$703$306
20 years$1,533$1,240$995$793$628$259
21 years$1,444$1,155$915$719$562$219
22 years$1,364$1,078$843$654$504$186
23 years$1,291$1,008$779$596$452$158
24 years$1,224$944$720$543$406$134
25 years$1,163$886$667$496$366$114
26 years$1,106$833$618$454$329$97
27 years$1,054$784$574$415$297$82
28 years$1,005$739$534$380$268$70
29 years$960$697$497$349$242$60
30 years$918$658$463$320$219$51
31 years$879$622$431$294$198$43
32 years$842$589$403$270$179$37
33 years$808$557$376$249$162$31
34 years$775$528$351$229$147$27
35 years$745$501$328$210$133$23
36 years$716$476$307$194$120$19
37 years$689$452$287$179$109$17
38 years$664$429$269$165$99$14
39 years$640$408$252$152$90$12
40 years$617$388$236$140$81$10
41 years$595$370$222$129$74$9
42 years$574$352$208$119$67$7
43 years$555$336$195$110$61$6
44 years$536$320$183$102$55$5
45 years$518$305$172$94$50$5
46 years$501$291$162$87$45$4
47 years$485$278$152$80$41$3
48 years$469$265$143$74$37$3
49 years$455$253$134$68$34$2
50 years$440$242$126$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $451,000, adding $6,832 every year, while hoping to spend $26,657 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: 61/12/27 Blend
59$451,000$451,000$451,000$451,000
60$504,049$480,146$473,156$530,761
61$527,099$475,311$460,644$544,887
62$551,607$469,344$446,819$556,822
63$577,693$462,165$431,609$569,281
64$605,490$453,682$414,940$582,320
65$635,141$443,804$396,731$596,003
66$666,804$432,430$376,902$610,401
67$700,655$419,455$355,364$625,593
68$736,882$404,768$332,029$641,668
69$775,694$388,252$306,802$658,726
70$817,320$369,781$279,585$676,876
71$862,010$349,225$250,275$696,242
72$910,041$326,442$218,765$716,963
73$961,714$301,287$184,942$739,191
74$1,017,362$273,603$148,691$763,098
75$1,077,348$243,225$109,887$788,873
76$1,142,074$209,979$68,405$816,729
77$1,211,979$173,682$24,110$846,902
78$1,287,547$134,139$0$879,652
79$1,369,310$91,144$0$921,943
80$1,457,851$44,482$0$975,273
81$1,553,812$0$0$1,033,091
82$1,657,901$0$0$1,096,642
83$1,770,892$0$0$1,172,036
84$1,893,641$0$0$1,253,971
85$2,027,088$0$0$1,343,079
86$2,172,265$0$0$1,440,053
87$2,330,310$0$0$1,545,659
88$2,502,475$0$0$1,660,735
89$2,690,137$0$0$1,786,209
90$2,894,810$0$0$1,923,097
91$3,118,165$0$0$2,072,520
92$3,362,036$0$0$2,235,713
93$3,628,446$0$0$2,414,033
94$3,919,618$0$0$2,608,975
95$4,238,005$0$0$2,822,185
96$4,586,302$0$0$3,055,477
97$4,967,480$0$0$3,310,845
98$5,384,809$0$0$3,590,488
99$5,841,892$0$0$3,896,826
100$6,342,693$0$0$4,232,523