Can I retire at age 60 with 465,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $465,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$38,399$38,057$37,724$37,398$37,080$36,421
2 years$19,010$18,656$18,312$17,980$17,657$16,995
3 years$12,547$12,192$11,849$11,520$11,202$10,558
4 years$9,317$8,962$8,623$8,299$7,990$7,369
5 years$7,379$7,026$6,692$6,375$6,074$5,477
6 years$6,087$5,738$5,408$5,098$4,806$4,235
7 years$5,165$4,818$4,494$4,191$3,908$3,363
8 years$4,474$4,130$3,811$3,516$3,242$2,722
9 years$3,937$3,596$3,283$2,995$2,731$2,235
10 years$3,507$3,170$2,862$2,582$2,327$1,856
11 years$3,156$2,822$2,520$2,247$2,001$1,555
12 years$2,863$2,533$2,236$1,971$1,734$1,311
13 years$2,616$2,289$1,998$1,740$1,512$1,112
14 years$2,404$2,081$1,795$1,544$1,325$948
15 years$2,220$1,901$1,621$1,377$1,167$811
16 years$2,060$1,744$1,469$1,233$1,031$696
17 years$1,919$1,606$1,337$1,108$915$599
18 years$1,793$1,484$1,221$999$813$516
19 years$1,681$1,375$1,117$902$725$446
20 years$1,580$1,278$1,025$817$647$386
21 years$1,489$1,190$943$742$579$335
22 years$1,407$1,111$869$674$519$291
23 years$1,331$1,039$803$614$466$252
24 years$1,262$974$742$560$419$220
25 years$1,199$914$688$512$377$191
26 years$1,140$859$638$468$340$166
27 years$1,086$808$592$428$306$145
28 years$1,036$762$550$392$276$126
29 years$990$719$512$360$249$110
30 years$947$679$477$330$225$96
31 years$906$641$445$303$204$84
32 years$868$607$415$279$184$73
33 years$833$575$388$256$167$64
34 years$799$545$362$236$151$56
35 years$768$517$339$217$137$49
36 years$739$490$317$200$124$43
37 years$711$466$296$184$112$37
38 years$684$443$278$170$102$33
39 years$659$421$260$157$92$29
40 years$636$400$244$144$84$25
41 years$613$381$229$133$76$22
42 years$592$363$214$123$69$19
43 years$572$346$201$113$63$17
44 years$552$330$189$105$57$15
45 years$534$314$177$97$52$13
46 years$517$300$167$89$47$11
47 years$500$286$156$83$43$10
48 years$484$273$147$76$39$9
49 years$469$261$138$71$35$7
50 years$454$249$130$65$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $465,000, adding $3,244 every year, while hoping to spend $33,282 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: 38/41/21 Blend
59$465,000$465,000$465,000$465,000
60$515,776$491,131$483,924$532,025
61$532,974$479,785$464,723$532,733
62$550,810$466,767$443,764$530,128
63$569,314$451,961$420,953$526,634
64$588,520$435,242$396,190$522,189
65$608,460$416,480$369,373$516,731
66$629,171$395,536$340,395$510,190
67$650,692$372,263$309,144$502,496
68$673,065$346,506$275,503$493,574
69$696,333$318,100$239,348$483,345
70$720,546$286,874$200,553$471,729
71$745,753$252,643$158,983$458,637
72$772,011$215,213$114,500$443,980
73$799,378$174,380$66,957$427,664
74$827,918$129,928$16,204$409,588
75$857,699$81,629$0$389,650
76$888,797$29,241$0$376,246
77$921,290$0$0$365,184
78$955,265$0$0$365,155
79$990,816$0$0$378,943
80$1,028,044$0$0$393,400
81$1,067,058$0$0$408,568
82$1,107,977$0$0$424,498
83$1,150,930$0$0$441,242
84$1,196,058$0$0$458,857
85$1,243,513$0$0$477,406
86$1,293,459$0$0$496,957
87$1,346,078$0$0$517,584
88$1,401,566$0$0$539,368
89$1,460,137$0$0$562,397
90$1,522,024$0$0$586,767
91$1,587,481$0$0$612,584
92$1,656,786$0$0$639,963
93$1,730,243$0$0$669,028
94$1,808,183$0$0$699,917
95$1,890,969$0$0$732,780
96$1,978,998$0$0$767,782
97$2,072,702$0$0$805,102
98$2,172,557$0$0$844,937
99$2,279,084$0$0$887,503
100$2,392,851$0$0$933,038