Can I retire at age 60 with 474,000?

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 $474,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$39,142$38,794$38,454$38,122$37,797$37,095
2 years$19,377$19,017$18,667$18,328$17,999$17,294
3 years$12,790$12,428$12,079$11,743$11,419$10,733
4 years$9,497$9,136$8,790$8,460$8,144$7,483
5 years$7,522$7,162$6,822$6,498$6,191$5,557
6 years$6,205$5,849$5,513$5,197$4,899$4,291
7 years$5,265$4,912$4,581$4,272$3,984$3,404
8 years$4,560$4,210$3,885$3,584$3,305$2,752
9 years$4,013$3,666$3,346$3,053$2,783$2,258
10 years$3,575$3,231$2,917$2,632$2,372$1,872
11 years$3,217$2,877$2,568$2,290$2,040$1,566
12 years$2,918$2,582$2,279$2,009$1,768$1,319
13 years$2,666$2,333$2,037$1,773$1,541$1,117
14 years$2,450$2,121$1,830$1,574$1,351$951
15 years$2,263$1,937$1,652$1,404$1,190$812
16 years$2,100$1,778$1,498$1,257$1,051$696
17 years$1,956$1,637$1,363$1,130$932$598
18 years$1,828$1,513$1,244$1,018$829$515
19 years$1,714$1,402$1,139$920$739$444
20 years$1,611$1,303$1,045$833$660$384
21 years$1,518$1,213$962$756$591$333
22 years$1,434$1,133$886$687$529$288
23 years$1,357$1,059$818$626$475$250
24 years$1,287$993$757$571$427$217
25 years$1,222$932$701$521$384$189
26 years$1,163$875$650$477$346$164
27 years$1,107$824$604$436$312$143
28 years$1,056$776$561$400$282$124
29 years$1,009$732$522$367$254$108
30 years$965$692$486$337$230$94
31 years$924$654$453$309$208$82
32 years$885$619$423$284$188$72
33 years$849$586$395$261$170$62
34 years$815$555$369$240$154$54
35 years$783$527$345$221$139$47
36 years$753$500$323$204$126$41
37 years$724$475$302$188$115$36
38 years$698$451$283$173$104$32
39 years$672$429$265$160$94$28
40 years$648$408$248$147$85$24
41 years$625$389$233$136$77$21
42 years$603$370$219$125$70$18
43 years$583$353$205$116$64$16
44 years$563$336$193$107$58$14
45 years$544$321$181$99$53$12
46 years$527$306$170$91$48$11
47 years$510$292$159$84$43$9
48 years$493$279$150$78$39$8
49 years$478$266$141$72$36$7
50 years$463$254$132$66$32$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $474,000, adding $4,297 every year, while hoping to spend $33,489 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: 71/24/5 Blend
59$474,000$474,000$474,000$474,000
60$526,780$501,658$494,311$563,624
61$544,880$490,608$475,239$577,457
62$563,703$477,893$454,405$588,004
63$583,289$463,397$431,715$598,606
64$603,678$446,997$407,071$609,259
65$624,915$428,562$380,370$619,959
66$647,047$407,953$351,503$630,705
67$670,126$385,023$320,359$641,493
68$694,207$359,617$286,819$652,321
69$719,350$331,572$250,762$663,189
70$745,619$300,715$212,057$674,098
71$773,084$266,861$170,573$685,047
72$801,820$229,818$126,168$696,042
73$831,908$189,382$78,697$707,085
74$863,436$145,335$28,007$718,185
75$896,500$97,451$0$729,350
76$931,205$45,487$0$741,984
77$967,662$0$0$756,397
78$1,005,994$0$0$773,974
79$1,046,334$0$0$805,124
80$1,088,827$0$0$837,945
81$1,133,632$0$0$872,560
82$1,180,919$0$0$909,105
83$1,230,877$0$0$947,724
84$1,283,710$0$0$988,579
85$1,339,641$0$0$1,031,842
86$1,398,915$0$0$1,077,705
87$1,461,797$0$0$1,126,375
88$1,528,580$0$0$1,178,080
89$1,599,581$0$0$1,233,069
90$1,675,149$0$0$1,291,613
91$1,755,667$0$0$1,354,011
92$1,841,551$0$0$1,420,589
93$1,933,260$0$0$1,491,706
94$2,031,295$0$0$1,567,751
95$2,136,206$0$0$1,649,156
96$2,248,597$0$0$1,736,392
97$2,369,127$0$0$1,829,974
98$2,498,524$0$0$1,930,471
99$2,637,584$0$0$2,038,505
100$2,787,180$0$0$2,154,758