Can I retire at age 60 with 454,000?

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 $454,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$37,491$37,157$36,831$36,513$36,203$35,428
2 years$18,560$18,214$17,879$17,554$17,239$16,463
3 years$12,250$11,903$11,569$11,247$10,937$10,183
4 years$9,096$8,750$8,419$8,103$7,801$7,074
5 years$7,204$6,860$6,534$6,224$5,930$5,234
6 years$5,943$5,602$5,280$4,977$4,692$4,027
7 years$5,043$4,704$4,388$4,092$3,816$3,182
8 years$4,368$4,033$3,721$3,433$3,166$2,562
9 years$3,843$3,511$3,205$2,924$2,666$2,093
10 years$3,424$3,095$2,794$2,520$2,272$1,728
11 years$3,081$2,755$2,460$2,194$1,954$1,439
12 years$2,795$2,473$2,183$1,924$1,693$1,207
13 years$2,554$2,235$1,951$1,699$1,476$1,017
14 years$2,347$2,031$1,753$1,508$1,294$862
15 years$2,168$1,856$1,582$1,345$1,139$732
16 years$2,011$1,703$1,435$1,204$1,007$625
17 years$1,873$1,568$1,305$1,082$893$534
18 years$1,751$1,449$1,192$975$794$458
19 years$1,641$1,343$1,091$881$708$393
20 years$1,543$1,248$1,001$798$632$338
21 years$1,454$1,162$921$724$566$291
22 years$1,373$1,085$849$658$507$251
23 years$1,300$1,015$784$600$455$216
24 years$1,232$951$725$547$409$187
25 years$1,170$892$671$499$368$161
26 years$1,113$839$623$457$332$139
27 years$1,061$789$578$418$299$121
28 years$1,012$744$537$383$270$104
29 years$966$702$500$351$244$90
30 years$924$663$466$322$220$78
31 years$885$626$434$296$199$68
32 years$848$593$405$272$180$59
33 years$813$561$378$250$163$51
34 years$781$532$354$230$147$44
35 years$750$504$331$212$134$38
36 years$721$479$309$195$121$33
37 years$694$455$289$180$110$29
38 years$668$432$271$166$99$25
39 years$644$411$254$153$90$22
40 years$621$391$238$141$82$19
41 years$599$372$223$130$74$16
42 years$578$354$209$120$67$14
43 years$558$338$196$111$61$12
44 years$539$322$184$102$55$11
45 years$521$307$173$94$50$9
46 years$504$293$163$87$46$8
47 years$488$279$153$81$42$7
48 years$472$267$144$74$38$6
49 years$458$255$135$69$34$5
50 years$443$243$127$64$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $454,000, adding $4,263 every year, while hoping to spend $26,451 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: 38/50/12 Blend
59$454,000$454,000$454,000$454,000
60$504,705$480,643$473,606$521,889
61$528,042$476,051$461,328$529,919
62$552,872$470,347$447,753$535,701
63$579,320$463,450$432,808$541,367
64$607,523$455,271$416,419$546,918
65$637,629$445,718$398,508$552,359
66$669,803$434,694$378,994$557,698
67$704,223$422,094$357,790$562,943
68$741,086$407,810$334,809$568,109
69$780,608$391,723$309,956$573,214
70$823,025$373,712$283,134$578,279
71$868,596$353,647$254,242$583,334
72$917,607$331,390$223,173$588,412
73$970,370$306,795$189,816$593,554
74$1,027,228$279,709$154,056$598,809
75$1,088,559$249,968$115,771$604,234
76$1,154,778$217,402$74,835$609,898
77$1,226,339$181,829$31,115$615,880
78$1,303,743$143,056$0$622,271
79$1,387,541$100,881$0$631,168
80$1,478,336$55,091$0$645,085
81$1,576,795$5,459$0$660,192
82$1,683,648$0$0$676,672
83$1,799,699$0$0$721,278
84$1,925,834$0$0$773,079
85$2,063,026$0$0$829,478
86$2,212,344$0$0$890,922
87$2,374,969$0$0$957,903
88$2,552,195$0$0$1,030,965
89$2,745,450$0$0$1,110,702
90$2,956,305$0$0$1,197,771
91$3,186,488$0$0$1,292,896
92$3,437,901$0$0$1,396,871
93$3,712,640$0$0$1,510,573
94$4,013,010$0$0$1,634,966
95$4,341,552$0$0$1,771,112
96$4,701,060$0$0$1,920,181
97$5,094,612$0$0$2,083,459
98$5,525,600$0$0$2,262,366
99$5,997,755$0$0$2,458,462
100$6,515,190$0$0$2,673,469