Can I retire at age 60 with 453,000?

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 $453,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$37,408$37,075$36,750$36,433$36,123$35,422
2 years$18,519$18,174$17,840$17,516$17,201$16,499
3 years$12,223$11,877$11,544$11,222$10,913$10,230
4 years$9,076$8,731$8,401$8,085$7,783$7,125
5 years$7,188$6,845$6,519$6,210$5,917$5,285
6 years$5,930$5,590$5,269$4,966$4,682$4,077
7 years$5,032$4,694$4,378$4,083$3,808$3,231
8 years$4,358$4,024$3,713$3,425$3,159$2,609
9 years$3,835$3,503$3,198$2,918$2,660$2,137
10 years$3,416$3,088$2,788$2,515$2,267$1,770
11 years$3,074$2,749$2,455$2,189$1,949$1,479
12 years$2,789$2,467$2,178$1,920$1,689$1,244
13 years$2,548$2,230$1,946$1,695$1,473$1,053
14 years$2,342$2,027$1,749$1,505$1,291$894
15 years$2,163$1,852$1,579$1,342$1,137$763
16 years$2,007$1,699$1,431$1,201$1,005$653
17 years$1,869$1,565$1,303$1,079$891$560
18 years$1,747$1,446$1,189$973$792$482
19 years$1,638$1,340$1,089$879$706$415
20 years$1,540$1,245$999$796$631$358
21 years$1,451$1,160$919$723$564$310
22 years$1,370$1,083$847$657$506$268
23 years$1,297$1,012$782$598$454$232
24 years$1,230$949$723$546$408$201
25 years$1,168$890$670$498$367$175
26 years$1,111$837$621$456$331$151
27 years$1,058$787$577$417$298$132
28 years$1,010$742$536$382$269$114
29 years$964$700$499$350$243$99
30 years$922$661$465$322$220$86
31 years$883$625$433$295$199$75
32 years$846$591$404$271$180$65
33 years$811$560$378$250$163$57
34 years$779$531$353$230$147$50
35 years$748$503$330$211$133$43
36 years$719$478$309$195$121$38
37 years$692$454$289$179$109$33
38 years$667$431$270$165$99$29
39 years$642$410$253$152$90$25
40 years$619$390$237$141$82$22
41 years$597$371$223$130$74$19
42 years$577$354$209$120$67$16
43 years$557$337$196$111$61$14
44 years$538$321$184$102$55$12
45 years$520$306$173$94$50$11
46 years$503$292$162$87$46$9
47 years$487$279$152$80$41$8
48 years$471$266$143$74$38$7
49 years$457$254$135$69$34$6
50 years$442$243$127$63$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $453,000, adding $3,388 every year, while hoping to spend $30,388 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: 40/33/27 Blend
59$453,000$453,000$453,000$453,000
60$502,701$478,692$471,670$518,686
61$521,644$469,815$455,139$521,715
62$541,500$459,485$437,035$521,907
63$562,332$447,598$417,274$521,530
64$584,204$434,045$395,767$520,550
65$607,190$418,710$372,422$518,933
66$631,367$401,471$347,142$516,645
67$656,821$382,198$319,826$513,649
68$683,645$360,753$290,368$509,910
69$711,939$336,992$258,658$505,392
70$741,814$310,762$224,580$500,058
71$773,390$281,900$188,014$493,871
72$806,797$250,235$148,835$486,794
73$842,180$215,586$106,910$478,792
74$879,694$177,762$62,103$469,829
75$919,510$136,559$14,271$459,870
76$961,815$91,766$0$448,883
77$1,006,814$43,156$0$447,430
78$1,054,730$0$0$449,963
79$1,105,807$0$0$455,842
80$1,160,315$0$0$478,874
81$1,218,546$0$0$503,515
82$1,280,823$0$0$529,908
83$1,347,499$0$0$558,206
84$1,418,960$0$0$588,580
85$1,495,633$0$0$621,215
86$1,577,982$0$0$656,315
87$1,666,519$0$0$694,106
88$1,761,806$0$0$734,833
89$1,864,459$0$0$778,766
90$1,975,155$0$0$826,204
91$2,094,639$0$0$877,473
92$2,223,728$0$0$932,931
93$2,363,320$0$0$992,974
94$2,514,403$0$0$1,058,035
95$2,678,062$0$0$1,128,591
96$2,855,491$0$0$1,205,166
97$3,048,002$0$0$1,288,339
98$3,257,039$0$0$1,378,743
99$3,484,189$0$0$1,477,076
100$3,731,198$0$0$1,584,107