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%14.7%
1 years$37,904$37,566$37,237$36,915$36,601$35,892
2 years$18,764$18,415$18,076$17,748$17,429$16,717
3 years$12,385$12,034$11,696$11,371$11,058$10,365
4 years$9,196$8,846$8,512$8,192$7,887$7,219
5 years$7,284$6,936$6,606$6,292$5,995$5,355
6 years$6,009$5,664$5,338$5,032$4,744$4,131
7 years$5,099$4,756$4,436$4,137$3,858$3,273
8 years$4,416$4,077$3,762$3,471$3,201$2,644
9 years$3,886$3,550$3,240$2,956$2,695$2,166
10 years$3,462$3,129$2,825$2,548$2,297$1,794
11 years$3,115$2,785$2,487$2,218$1,975$1,499
12 years$2,826$2,500$2,207$1,945$1,712$1,261
13 years$2,582$2,259$1,972$1,717$1,493$1,066
14 years$2,373$2,054$1,772$1,524$1,308$906
15 years$2,192$1,876$1,600$1,360$1,152$773
16 years$2,034$1,721$1,450$1,217$1,018$662
17 years$1,894$1,585$1,320$1,094$903$568
18 years$1,770$1,465$1,205$986$803$488
19 years$1,659$1,358$1,103$891$715$421
20 years$1,560$1,262$1,012$807$639$363
21 years$1,470$1,175$931$732$572$314
22 years$1,388$1,097$858$666$513$271
23 years$1,314$1,026$792$606$460$235
24 years$1,246$961$733$553$414$204
25 years$1,183$902$679$505$372$177
26 years$1,126$848$629$462$335$154
27 years$1,072$798$585$423$302$133
28 years$1,023$752$543$387$273$116
29 years$977$709$506$355$246$101
30 years$934$670$471$326$223$88
31 years$894$633$439$299$201$76
32 years$857$599$410$275$182$66
33 years$822$567$383$253$165$58
34 years$789$538$357$233$149$50
35 years$758$510$334$214$135$44
36 years$729$484$313$197$122$38
37 years$701$460$293$182$111$33
38 years$675$437$274$168$101$29
39 years$651$416$257$154$91$25
40 years$628$395$241$142$83$22
41 years$605$376$226$131$75$19
42 years$584$358$212$121$68$17
43 years$564$341$199$112$62$15
44 years$545$325$186$103$56$13
45 years$527$310$175$96$51$11
46 years$510$296$164$88$46$10
47 years$493$283$154$82$42$8
48 years$478$270$145$75$38$7
49 years$463$258$136$70$35$6
50 years$448$246$128$64$31$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $459,000, adding $2,743 every year, while hoping to spend $36,355 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: 73/16/11 Blend
59$459,000$459,000$459,000$459,000
60$508,647$484,320$477,206$544,483
61$521,848$469,371$454,511$553,582
62$535,177$452,470$429,837$558,768
63$548,608$433,484$403,080$563,452
64$562,113$412,272$374,130$567,576
65$575,658$388,683$342,873$571,075
66$589,205$362,558$309,189$573,878
67$602,711$333,731$272,954$575,907
68$616,127$302,023$234,038$577,080
69$629,398$267,248$192,304$577,305
70$642,461$229,207$147,610$576,482
71$655,245$187,692$99,808$574,503
72$667,672$142,481$48,744$571,249
73$679,652$93,340$0$566,592
74$691,087$40,024$0$561,066
75$701,864$0$0$559,992
76$711,860$0$0$560,619
77$720,935$0$0$567,540
78$728,935$0$0$573,584
79$735,686$0$0$578,611
80$740,996$0$0$582,467
81$744,651$0$0$584,978
82$746,414$0$0$585,953
83$746,019$0$0$585,178
84$743,174$0$0$582,418
85$737,551$0$0$577,408
86$728,790$0$0$569,859
87$716,490$0$0$559,447
88$700,206$0$0$545,813
89$679,446$0$0$528,562
90$653,665$0$0$507,254
91$622,259$0$0$481,404
92$584,560$0$0$450,473
93$539,829$0$0$413,865
94$487,248$0$0$370,923
95$425,913$0$0$320,919
96$354,825$0$0$263,047
97$272,878$0$0$196,418
98$178,850$0$0$120,049
99$71,393$0$0$32,854
100$0$0$0$0