Can I retire at age 60 with 469,000?

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 $469,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$38,730$38,385$38,048$37,720$37,399$36,554
2 years$19,173$18,816$18,470$18,134$17,809$16,962
3 years$12,655$12,296$11,951$11,619$11,299$10,477
4 years$9,397$9,039$8,697$8,371$8,058$7,267
5 years$7,442$7,087$6,750$6,430$6,126$5,368
6 years$6,140$5,787$5,455$5,142$4,847$4,123
7 years$5,210$4,860$4,533$4,227$3,942$3,252
8 years$4,512$4,166$3,844$3,546$3,270$2,615
9 years$3,970$3,627$3,311$3,021$2,754$2,132
10 years$3,537$3,197$2,887$2,604$2,347$1,757
11 years$3,183$2,846$2,541$2,266$2,018$1,460
12 years$2,888$2,555$2,255$1,988$1,749$1,222
13 years$2,638$2,309$2,015$1,755$1,525$1,028
14 years$2,425$2,098$1,811$1,558$1,337$869
15 years$2,240$1,917$1,635$1,389$1,177$737
16 years$2,078$1,759$1,482$1,244$1,040$627
17 years$1,935$1,620$1,349$1,118$922$535
18 years$1,809$1,497$1,231$1,007$820$458
19 years$1,696$1,387$1,127$910$731$392
20 years$1,594$1,289$1,034$824$653$336
21 years$1,502$1,201$951$748$584$289
22 years$1,419$1,121$877$680$524$248
23 years$1,343$1,048$810$619$470$214
24 years$1,273$982$749$565$423$184
25 years$1,209$922$693$516$380$159
26 years$1,150$866$643$472$343$137
27 years$1,096$815$597$432$309$118
28 years$1,045$768$555$396$279$102
29 years$998$725$517$363$252$88
30 years$955$684$481$333$227$76
31 years$914$647$449$306$206$66
32 years$876$612$419$281$186$57
33 years$840$580$391$258$168$49
34 years$806$549$365$238$152$43
35 years$775$521$341$219$138$37
36 years$745$495$319$202$125$32
37 years$717$470$299$186$113$28
38 years$690$446$280$171$103$24
39 years$665$425$262$158$93$21
40 years$641$404$246$146$84$18
41 years$619$385$231$134$77$15
42 years$597$366$216$124$70$13
43 years$577$349$203$114$63$12
44 years$557$333$190$106$57$10
45 years$539$317$179$98$52$9
46 years$521$303$168$90$47$8
47 years$504$289$158$83$43$6
48 years$488$276$148$77$39$6
49 years$473$263$139$71$35$5
50 years$458$251$131$66$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $469,000, adding $6,594 every year, while hoping to spend $35,320 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: 54/23/23 Blend
59$469,000$469,000$469,000$469,000
60$523,640$498,783$491,513$548,280
61$539,471$485,643$470,399$552,798
62$555,733$470,675$447,393$553,484
63$572,432$453,753$422,396$553,487
64$589,576$434,743$395,301$552,755
65$607,169$413,501$366,000$551,230
66$625,216$389,879$334,377$548,853
67$643,722$363,717$300,313$545,558
68$662,690$334,847$263,681$541,278
69$682,121$303,091$224,351$535,940
70$702,017$268,263$182,187$529,466
71$722,378$230,163$137,045$521,775
72$743,201$188,581$88,777$512,781
73$764,484$143,298$37,227$502,389
74$786,219$94,077$0$490,503
75$808,400$40,674$0$481,382
76$831,016$0$0$480,585
77$854,054$0$0$483,236
78$877,497$0$0$496,400
79$901,326$0$0$509,768
80$925,517$0$0$523,326
81$950,041$0$0$537,055
82$974,866$0$0$550,937
83$999,952$0$0$564,945
84$1,025,255$0$0$579,054
85$1,050,722$0$0$593,231
86$1,076,296$0$0$607,441
87$1,101,908$0$0$621,641
88$1,127,481$0$0$635,785
89$1,152,927$0$0$649,821
90$1,178,148$0$0$663,687
91$1,203,032$0$0$677,316
92$1,227,452$0$0$690,633
93$1,251,267$0$0$703,551
94$1,274,317$0$0$715,975
95$1,296,425$0$0$727,796
96$1,317,389$0$0$738,896
97$1,336,986$0$0$749,139
98$1,354,967$0$0$758,375
99$1,371,053$0$0$766,437
100$1,384,933$0$0$773,139