Can I retire at age 60 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$38,564$38,221$37,886$37,559$37,239$35,776
2 years$19,091$18,736$18,391$18,057$17,733$16,277
3 years$12,601$12,244$11,900$11,569$11,251$9,847
4 years$9,357$9,001$8,660$8,335$8,024$6,684
5 years$7,410$7,057$6,721$6,402$6,100$4,826
6 years$6,113$5,762$5,431$5,120$4,826$3,621
7 years$5,187$4,839$4,514$4,209$3,925$2,787
8 years$4,493$4,148$3,828$3,531$3,256$2,184
9 years$3,953$3,612$3,297$3,008$2,742$1,735
10 years$3,522$3,183$2,874$2,593$2,337$1,392
11 years$3,169$2,834$2,531$2,256$2,010$1,125
12 years$2,875$2,544$2,246$1,979$1,741$915
13 years$2,627$2,299$2,006$1,747$1,519$748
14 years$2,414$2,089$1,803$1,551$1,331$614
15 years$2,230$1,909$1,628$1,383$1,172$505
16 years$2,069$1,751$1,476$1,239$1,036$417
17 years$1,927$1,613$1,343$1,113$918$344
18 years$1,801$1,490$1,226$1,003$817$285
19 years$1,688$1,381$1,122$906$728$237
20 years$1,587$1,284$1,030$821$650$196
21 years$1,496$1,196$947$745$582$163
22 years$1,413$1,116$873$677$522$136
23 years$1,337$1,044$806$617$468$113
24 years$1,268$978$746$563$421$94
25 years$1,204$918$691$514$379$78
26 years$1,145$863$640$470$341$65
27 years$1,091$812$595$430$308$54
28 years$1,041$765$553$394$277$45
29 years$994$722$514$361$251$38
30 years$951$681$479$332$226$32
31 years$910$644$447$304$205$26
32 years$872$610$417$280$185$22
33 years$836$577$389$257$168$18
34 years$803$547$364$237$152$15
35 years$771$519$340$218$137$13
36 years$742$493$318$201$124$11
37 years$714$468$298$185$113$9
38 years$687$445$279$170$102$7
39 years$662$423$261$157$93$6
40 years$638$402$245$145$84$5
41 years$616$383$230$134$76$4
42 years$595$365$215$123$69$4
43 years$574$347$202$114$63$3
44 years$555$331$190$105$57$3
45 years$536$316$178$97$52$2
46 years$519$301$167$90$47$2
47 years$502$287$157$83$43$1
48 years$486$274$148$77$39$1
49 years$471$262$139$71$35$1
50 years$456$250$130$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $467,000, adding $6,324 every year, while hoping to spend $30,734 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: 46/45/9 Blend
59$467,000$467,000$467,000$467,000
60$521,157$496,406$489,168$543,544
61$541,615$488,029$472,854$551,266
62$563,128$478,212$454,964$555,948
63$585,774$466,851$435,412$560,322
64$609,634$453,837$414,109$564,371
65$634,797$439,056$390,962$568,077
66$661,360$422,383$365,873$571,423
67$689,430$403,691$338,741$574,392
68$719,122$382,843$309,459$576,967
69$750,563$359,693$277,917$579,136
70$783,891$334,088$243,997$580,884
71$819,257$305,867$207,580$582,200
72$856,825$274,859$168,538$583,076
73$896,776$240,882$126,739$583,506
74$939,308$203,746$82,046$583,487
75$984,637$163,249$34,313$583,019
76$1,032,999$119,177$0$582,109
77$1,084,653$71,305$0$582,362
78$1,139,885$19,396$0$585,821
79$1,199,005$0$0$589,225
80$1,262,355$0$0$610,846
81$1,330,309$0$0$644,378
82$1,403,280$0$0$680,424
83$1,481,718$0$0$719,212
84$1,566,119$0$0$760,992
85$1,657,027$0$0$806,038
86$1,755,038$0$0$854,653
87$1,860,811$0$0$907,168
88$1,975,065$0$0$963,948
89$2,098,593$0$0$1,025,394
90$2,232,266$0$0$1,091,945
91$2,377,042$0$0$1,164,086
92$2,533,973$0$0$1,242,350
93$2,704,217$0$0$1,327,322
94$2,889,047$0$0$1,419,645
95$3,089,863$0$0$1,520,030
96$3,308,206$0$0$1,629,254
97$3,545,769$0$0$1,748,176
98$3,804,419$0$0$1,877,739
99$4,086,205$0$0$2,018,982
100$4,393,386$0$0$2,173,048