Can I retire at age 60 with 457,000?

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 $457,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$37,739$37,402$37,075$36,754$36,442$35,163
2 years$18,682$18,335$17,997$17,670$17,353$16,078
3 years$12,331$11,982$11,645$11,322$11,010$9,778
4 years$9,156$8,808$8,475$8,157$7,852$6,674
5 years$7,252$6,906$6,577$6,265$5,969$4,848
6 years$5,983$5,639$5,315$5,010$4,723$3,659
7 years$5,076$4,736$4,417$4,119$3,841$2,834
8 years$4,397$4,059$3,746$3,455$3,187$2,236
9 years$3,869$3,534$3,226$2,943$2,684$1,788
10 years$3,447$3,115$2,813$2,537$2,287$1,444
11 years$3,101$2,773$2,476$2,208$1,967$1,176
12 years$2,814$2,489$2,198$1,937$1,704$964
13 years$2,571$2,250$1,963$1,710$1,486$793
14 years$2,363$2,045$1,764$1,518$1,303$656
15 years$2,182$1,868$1,593$1,354$1,147$544
16 years$2,025$1,714$1,444$1,212$1,014$452
17 years$1,886$1,578$1,314$1,089$899$377
18 years$1,762$1,458$1,200$981$799$315
19 years$1,652$1,352$1,098$887$712$263
20 years$1,553$1,256$1,008$803$636$220
21 years$1,464$1,170$927$729$569$185
22 years$1,382$1,092$854$663$510$155
23 years$1,308$1,021$789$604$458$130
24 years$1,241$957$730$551$412$109
25 years$1,178$898$676$503$371$92
26 years$1,121$844$627$460$334$77
27 years$1,068$794$582$421$301$65
28 years$1,019$749$541$386$272$55
29 years$973$706$503$354$245$46
30 years$930$667$469$324$222$39
31 years$890$630$437$298$200$33
32 years$853$597$408$274$181$27
33 years$818$565$381$252$164$23
34 years$786$535$356$232$148$19
35 years$755$508$333$213$134$16
36 years$726$482$311$196$122$14
37 years$698$458$291$181$110$12
38 years$673$435$273$167$100$10
39 years$648$414$256$154$91$8
40 years$625$394$240$142$82$7
41 years$603$375$225$131$75$6
42 years$582$357$211$121$68$5
43 years$562$340$198$112$62$4
44 years$543$324$186$103$56$3
45 years$525$309$174$95$51$3
46 years$508$295$164$88$46$2
47 years$491$281$154$81$42$2
48 years$476$269$145$75$38$2
49 years$461$256$136$69$34$1
50 years$446$245$128$64$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $457,000, adding $2,948 every year, while hoping to spend $25,377 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: 32/43/25 Blend
59$457,000$457,000$457,000$457,000
60$506,655$482,434$475,350$518,908
61$531,333$479,072$464,274$525,097
62$557,677$474,695$451,975$529,288
63$585,831$469,227$438,388$533,294
64$615,953$462,585$423,440$537,114
65$648,213$454,684$407,058$540,752
66$682,800$445,434$389,164$544,212
67$719,922$434,737$369,678$547,505
68$759,807$422,491$348,515$550,642
69$802,703$408,589$325,585$553,639
70$848,884$392,915$300,798$556,517
71$898,651$375,349$274,056$559,304
72$952,335$355,762$245,258$562,031
73$1,010,298$334,020$214,299$564,739
74$1,072,939$309,978$181,069$567,475
75$1,140,697$283,485$145,453$570,296
76$1,214,053$254,380$107,331$573,268
77$1,293,537$222,496$66,577$576,469
78$1,379,732$187,652$23,061$579,991
79$1,473,277$149,659$0$583,939
80$1,574,878$108,319$0$594,670
81$1,685,308$63,420$0$613,059
82$1,805,421$14,739$0$633,147
83$1,936,155$0$0$655,158
84$2,078,540$0$0$697,305
85$2,233,713$0$0$750,902
86$2,402,923$0$0$809,413
87$2,587,546$0$0$873,323
88$2,789,095$0$0$943,164
89$3,009,237$0$0$1,019,523
90$3,249,807$0$0$1,103,045
91$3,512,824$0$0$1,194,442
92$3,800,513$0$0$1,294,497
93$4,115,321$0$0$1,404,071
94$4,459,945$0$0$1,524,113
95$4,837,354$0$0$1,655,671
96$5,250,817$0$0$1,799,894
97$5,703,935$0$0$1,958,051
98$6,200,674$0$0$2,131,539
99$6,745,400$0$0$2,321,897
100$7,342,925$0$0$2,530,819