Can I retire at age 60 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$37,821$37,484$37,156$36,835$36,522$36,337
2 years$18,723$18,375$18,037$17,709$17,391$17,205
3 years$12,358$12,008$11,671$11,346$11,034$10,852
4 years$9,176$8,827$8,493$8,174$7,869$7,693
5 years$7,268$6,921$6,591$6,279$5,982$5,811
6 years$5,996$5,651$5,327$5,021$4,733$4,569
7 years$5,087$4,746$4,427$4,128$3,850$3,691
8 years$4,407$4,068$3,754$3,463$3,194$3,042
9 years$3,877$3,542$3,233$2,950$2,689$2,544
10 years$3,454$3,122$2,819$2,543$2,292$2,152
11 years$3,108$2,779$2,482$2,213$1,971$1,838
12 years$2,820$2,495$2,202$1,941$1,708$1,581
13 years$2,576$2,254$1,968$1,714$1,489$1,368
14 years$2,368$2,049$1,768$1,521$1,306$1,190
15 years$2,187$1,872$1,596$1,357$1,149$1,039
16 years$2,029$1,718$1,447$1,215$1,016$911
17 years$1,890$1,582$1,317$1,091$901$801
18 years$1,766$1,462$1,202$984$801$707
19 years$1,656$1,355$1,101$889$714$625
20 years$1,557$1,259$1,010$805$638$553
21 years$1,467$1,173$929$731$571$491
22 years$1,385$1,094$856$664$511$436
23 years$1,311$1,024$791$605$459$388
24 years$1,243$959$731$552$413$345
25 years$1,181$900$677$504$371$308
26 years$1,123$846$628$461$335$275
27 years$1,070$796$583$422$302$246
28 years$1,021$750$542$386$272$220
29 years$975$708$505$354$246$196
30 years$932$668$470$325$222$176
31 years$892$632$438$299$201$157
32 years$855$598$409$274$182$141
33 years$820$566$382$252$164$126
34 years$787$537$357$232$149$113
35 years$757$509$333$214$135$102
36 years$727$483$312$197$122$91
37 years$700$459$292$181$111$82
38 years$674$436$273$167$100$73
39 years$649$415$256$154$91$66
40 years$626$394$240$142$83$59
41 years$604$375$225$131$75$53
42 years$583$358$211$121$68$48
43 years$563$341$198$112$62$43
44 years$544$325$186$103$56$38
45 years$526$310$175$95$51$35
46 years$509$295$164$88$46$31
47 years$492$282$154$81$42$28
48 years$477$269$145$75$38$25
49 years$462$257$136$69$35$23
50 years$447$246$128$64$31$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $458,000, adding $6,194 every year, while hoping to spend $37,110 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: 36/44/20 Blend
59$458,000$458,000$458,000$458,000
60$511,105$486,831$479,732$526,213
61$523,753$471,201$456,318$522,158
62$536,447$453,561$430,877$513,874
63$549,154$433,774$403,299$504,165
64$561,832$411,695$373,475$492,925
65$574,439$387,168$341,287$480,041
66$586,924$360,031$306,612$465,393
67$599,230$330,112$269,323$448,853
68$611,293$297,229$229,287$430,283
69$623,041$261,190$186,364$409,537
70$634,394$221,790$140,410$386,461
71$645,260$178,816$91,271$360,886
72$655,538$132,040$38,791$332,636
73$665,116$81,222$0$301,521
74$673,865$26,110$0$271,013
75$681,646$0$0$246,292
76$688,300$0$0$235,132
77$693,653$0$0$236,061
78$697,509$0$0$236,358
79$699,650$0$0$235,936
80$699,837$0$0$234,699
81$697,800$0$0$232,538
82$693,243$0$0$229,335
83$685,836$0$0$224,958
84$675,212$0$0$219,258
85$660,966$0$0$212,076
86$642,649$0$0$203,229
87$619,763$0$0$192,521
88$591,758$0$0$179,730
89$558,022$0$0$164,612
90$517,880$0$0$146,900
91$470,588$0$0$126,293
92$415,317$0$0$102,464
93$351,156$0$0$75,047
94$277,095$0$0$43,642
95$192,019$0$0$7,802
96$94,695$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0