Can I retire at age 60 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$37,573$37,239$36,912$36,594$36,282$35,305
2 years$18,601$18,254$17,919$17,593$17,277$16,300
3 years$12,277$11,929$11,595$11,272$10,961$10,014
4 years$9,116$8,769$8,438$8,121$7,818$6,908
5 years$7,220$6,875$6,548$6,238$5,943$5,073
6 years$5,956$5,614$5,292$4,988$4,702$3,874
7 years$5,054$4,715$4,398$4,101$3,824$3,036
8 years$4,378$4,041$3,729$3,440$3,173$2,425
9 years$3,852$3,519$3,212$2,930$2,672$1,964
10 years$3,431$3,102$2,800$2,526$2,277$1,608
11 years$3,088$2,761$2,465$2,198$1,958$1,327
12 years$2,801$2,478$2,188$1,928$1,697$1,103
13 years$2,559$2,240$1,955$1,702$1,480$921
14 years$2,352$2,036$1,756$1,511$1,297$773
15 years$2,173$1,860$1,586$1,348$1,142$650
16 years$2,016$1,706$1,438$1,207$1,009$549
17 years$1,878$1,571$1,308$1,084$895$465
18 years$1,755$1,452$1,194$977$796$394
19 years$1,645$1,346$1,093$883$709$335
20 years$1,546$1,251$1,003$800$633$285
21 years$1,457$1,165$923$726$567$243
22 years$1,376$1,087$851$660$508$207
23 years$1,303$1,017$785$601$456$177
24 years$1,235$953$726$548$410$151
25 years$1,173$894$673$501$369$129
26 years$1,116$840$624$458$332$110
27 years$1,063$791$579$419$300$94
28 years$1,014$745$539$384$270$81
29 years$969$703$501$352$244$69
30 years$926$664$467$323$221$59
31 years$887$628$435$297$199$51
32 years$850$594$406$273$180$43
33 years$815$562$379$251$163$37
34 years$782$533$354$231$148$32
35 years$752$506$331$212$134$27
36 years$723$480$310$196$121$23
37 years$695$456$290$180$110$20
38 years$670$433$272$166$100$17
39 years$645$412$254$153$90$15
40 years$622$392$239$141$82$13
41 years$600$373$224$130$74$11
42 years$579$355$210$120$67$9
43 years$559$338$197$111$61$8
44 years$541$323$185$103$56$7
45 years$523$308$174$95$50$6
46 years$505$294$163$87$46$5
47 years$489$280$153$81$42$4
48 years$473$267$144$75$38$4
49 years$459$255$135$69$34$3
50 years$444$244$127$64$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $455,000, adding $3,037 every year, while hoping to spend $29,464 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: 77/11/12 Blend
59$455,000$455,000$455,000$455,000
60$504,543$480,428$473,375$541,994
61$524,657$472,619$457,884$559,272
62$545,835$463,441$440,886$574,162
63$568,154$452,794$422,300$589,657
64$591,699$440,574$402,041$605,806
65$616,563$426,672$380,019$622,663
66$642,844$410,971$356,142$640,289
67$670,653$393,347$330,311$658,751
68$700,109$373,671$302,426$678,121
69$731,343$351,803$272,380$698,482
70$764,496$327,598$240,061$719,925
71$799,726$300,902$205,355$742,549
72$837,203$271,551$168,139$766,465
73$877,114$239,373$128,287$791,798
74$919,662$204,185$85,668$818,682
75$965,073$165,795$40,143$847,269
76$1,013,591$124,000$0$877,725
77$1,065,485$78,584$0$911,317
78$1,121,051$29,321$0$952,724
79$1,180,611$0$0$997,047
80$1,244,521$0$0$1,047,467
81$1,313,170$0$0$1,105,448
82$1,386,984$0$0$1,167,804
83$1,466,433$0$0$1,234,933
84$1,552,032$0$0$1,307,272
85$1,644,348$0$0$1,385,300
86$1,744,000$0$0$1,469,544
87$1,851,673$0$0$1,560,584
88$1,968,117$0$0$1,659,056
89$2,094,157$0$0$1,765,661
90$2,230,699$0$0$1,881,166
91$2,378,742$0$0$2,006,418
92$2,539,380$0$0$2,142,347
93$2,713,821$0$0$2,289,976
94$2,903,391$0$0$2,450,430
95$3,109,549$0$0$2,624,948
96$3,333,901$0$0$2,814,889
97$3,578,212$0$0$3,021,755
98$3,844,428$0$0$3,247,192
99$4,134,686$0$0$3,493,017
100$4,451,341$0$0$3,761,225