Can I retire at age 60 with 471,000?

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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$38,895$38,548$38,210$37,880$37,558$36,997
2 years$19,255$18,896$18,549$18,212$17,885$17,321
3 years$12,709$12,349$12,002$11,668$11,347$10,797
4 years$9,437$9,078$8,735$8,406$8,093$7,562
5 years$7,474$7,117$6,778$6,457$6,152$5,642
6 years$6,166$5,812$5,478$5,164$4,868$4,378
7 years$5,232$4,881$4,552$4,245$3,959$3,491
8 years$4,532$4,184$3,861$3,561$3,284$2,837
9 years$3,987$3,643$3,325$3,033$2,766$2,340
10 years$3,552$3,211$2,899$2,615$2,357$1,951
11 years$3,196$2,858$2,552$2,276$2,027$1,641
12 years$2,900$2,565$2,265$1,996$1,756$1,390
13 years$2,649$2,318$2,024$1,762$1,532$1,185
14 years$2,435$2,107$1,818$1,564$1,343$1,014
15 years$2,249$1,925$1,642$1,395$1,182$872
16 years$2,087$1,766$1,488$1,249$1,045$752
17 years$1,944$1,627$1,354$1,122$926$650
18 years$1,816$1,503$1,236$1,011$824$564
19 years$1,703$1,393$1,132$914$734$490
20 years$1,601$1,295$1,039$828$656$426
21 years$1,509$1,206$955$751$587$371
22 years$1,425$1,126$881$683$526$324
23 years$1,348$1,053$813$622$472$283
24 years$1,279$986$752$567$424$247
25 years$1,214$926$696$518$382$217
26 years$1,155$870$646$474$344$190
27 years$1,100$819$600$434$310$166
28 years$1,050$771$558$397$280$146
29 years$1,003$728$519$364$253$128
30 years$959$687$483$334$228$112
31 years$918$650$451$307$206$98
32 years$879$615$420$282$187$86
33 years$843$582$393$260$169$76
34 years$810$552$367$239$153$67
35 years$778$523$343$220$139$59
36 years$748$497$321$202$126$52
37 years$720$472$300$187$114$45
38 years$693$448$281$172$103$40
39 years$668$426$263$159$94$35
40 years$644$406$247$146$85$31
41 years$621$386$232$135$77$27
42 years$600$368$217$125$70$24
43 years$579$350$204$115$63$21
44 years$560$334$191$106$58$18
45 years$541$319$180$98$52$16
46 years$523$304$169$91$47$14
47 years$506$290$158$84$43$13
48 years$490$277$149$77$39$11
49 years$475$264$140$71$36$10
50 years$460$252$132$66$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $471,000, adding $3,981 every year, while hoping to spend $31,249 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: 64/20/16 Blend
59$471,000$471,000$471,000$471,000
60$523,148$498,185$490,885$554,328
61$543,261$489,348$474,081$566,885
62$564,377$479,030$455,667$576,652
63$586,568$467,126$435,555$586,566
64$609,907$453,524$413,655$596,642
65$634,477$438,107$389,873$606,896
66$660,368$420,748$364,108$617,349
67$687,677$401,316$336,256$628,026
68$716,509$379,670$306,211$638,952
69$746,982$355,662$273,857$650,162
70$779,220$329,136$239,077$661,690
71$813,362$299,925$201,748$673,580
72$849,558$267,855$161,740$685,879
73$887,973$232,740$118,918$698,643
74$928,787$194,385$73,143$711,934
75$972,196$152,583$24,266$725,824
76$1,018,417$107,116$0$740,393
77$1,067,684$57,753$0$760,495
78$1,120,256$4,252$0$786,203
79$1,176,417$0$0$813,514
80$1,236,475$0$0$854,396
81$1,300,771$0$0$899,187
82$1,369,678$0$0$947,211
83$1,443,604$0$0$998,758
84$1,522,999$0$0$1,054,143
85$1,608,355$0$0$1,113,713
86$1,700,213$0$0$1,177,849
87$1,799,165$0$0$1,246,968
88$1,905,866$0$0$1,321,530
89$2,021,030$0$0$1,402,040
90$2,145,445$0$0$1,489,052
91$2,279,975$0$0$1,583,175
92$2,425,573$0$0$1,685,079
93$2,583,281$0$0$1,795,500
94$2,754,251$0$0$1,915,249
95$2,939,745$0$0$2,045,216
96$3,141,153$0$0$2,186,379
97$3,360,004$0$0$2,339,816
98$3,597,979$0$0$2,506,712
99$3,856,927$0$0$2,688,371
100$4,138,885$0$0$2,886,227