Can I retire at age 60 with 459,000?

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 $459,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$37,904$37,566$37,237$36,915$36,601$35,659
2 years$18,764$18,415$18,076$17,748$17,429$16,486
3 years$12,385$12,034$11,696$11,371$11,058$10,143
4 years$9,196$8,846$8,512$8,192$7,887$7,008
5 years$7,284$6,936$6,606$6,292$5,995$5,154
6 years$6,009$5,664$5,338$5,032$4,744$3,942
7 years$5,099$4,756$4,436$4,137$3,858$3,095
8 years$4,416$4,077$3,762$3,471$3,201$2,477
9 years$3,886$3,550$3,240$2,956$2,695$2,010
10 years$3,462$3,129$2,825$2,548$2,297$1,648
11 years$3,115$2,785$2,487$2,218$1,975$1,363
12 years$2,826$2,500$2,207$1,945$1,712$1,135
13 years$2,582$2,259$1,972$1,717$1,493$950
14 years$2,373$2,054$1,772$1,524$1,308$798
15 years$2,192$1,876$1,600$1,360$1,152$673
16 years$2,034$1,721$1,450$1,217$1,018$570
17 years$1,894$1,585$1,320$1,094$903$483
18 years$1,770$1,465$1,205$986$803$411
19 years$1,659$1,358$1,103$891$715$350
20 years$1,560$1,262$1,012$807$639$298
21 years$1,470$1,175$931$732$572$255
22 years$1,388$1,097$858$666$513$218
23 years$1,314$1,026$792$606$460$186
24 years$1,246$961$733$553$414$159
25 years$1,183$902$679$505$372$136
26 years$1,126$848$629$462$335$117
27 years$1,072$798$585$423$302$100
28 years$1,023$752$543$387$273$86
29 years$977$709$506$355$246$74
30 years$934$670$471$326$223$63
31 years$894$633$439$299$201$54
32 years$857$599$410$275$182$47
33 years$822$567$383$253$165$40
34 years$789$538$357$233$149$34
35 years$758$510$334$214$135$30
36 years$729$484$313$197$122$25
37 years$701$460$293$182$111$22
38 years$675$437$274$168$101$19
39 years$651$416$257$154$91$16
40 years$628$395$241$142$83$14
41 years$605$376$226$131$75$12
42 years$584$358$212$121$68$10
43 years$564$341$199$112$62$9
44 years$545$325$186$103$56$8
45 years$527$310$175$96$51$7
46 years$510$296$164$88$46$6
47 years$493$283$154$82$42$5
48 years$478$270$145$75$38$4
49 years$463$258$136$70$35$4
50 years$448$246$128$64$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $459,000, adding $4,203 every year, while hoping to spend $29,197 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: 53/20/27 Blend
59$459,000$459,000$459,000$459,000
60$510,153$485,826$478,712$533,153
61$531,124$478,567$463,683$542,265
62$553,254$469,972$447,173$548,851
63$576,633$459,948$429,100$555,433
64$601,355$448,391$409,380$562,021
65$627,525$435,193$387,926$568,628
66$655,256$420,241$364,645$575,273
67$684,673$403,414$339,442$581,974
68$715,912$384,584$312,215$588,757
69$749,122$363,615$282,861$595,652
70$784,464$340,364$251,269$602,692
71$822,118$314,681$217,325$609,918
72$862,279$286,405$180,910$617,378
73$905,159$255,366$141,899$625,125
74$950,994$221,388$100,160$633,223
75$1,000,039$184,279$55,559$641,744
76$1,052,576$143,842$7,954$650,771
77$1,108,913$99,865$0$660,399
78$1,169,390$52,126$0$683,080
79$1,234,377$390$0$709,841
80$1,304,283$0$0$738,573
81$1,379,555$0$0$781,717
82$1,460,686$0$0$828,345
83$1,548,215$0$0$878,686
84$1,642,736$0$0$933,087
85$1,744,901$0$0$991,927
86$1,855,427$0$0$1,055,624
87$1,975,102$0$0$1,124,637
88$2,104,791$0$0$1,199,472
89$2,245,449$0$0$1,280,684
90$2,398,121$0$0$1,368,884
91$2,563,961$0$0$1,464,744
92$2,744,235$0$0$1,569,003
93$2,940,338$0$0$1,682,474
94$3,153,803$0$0$1,806,052
95$3,386,319$0$0$1,940,723
96$3,639,742$0$0$2,087,569
97$3,916,117$0$0$2,247,783
98$4,217,693$0$0$2,422,679
99$4,546,947$0$0$2,613,701
100$4,906,606$0$0$2,822,440