Can I retire at age 60 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$39,225$38,876$38,535$38,202$37,877$37,158
2 years$19,418$19,057$18,706$18,366$18,037$17,315
3 years$12,817$12,454$12,104$11,768$11,443$10,741
4 years$9,517$9,155$8,809$8,478$8,161$7,485
5 years$7,537$7,178$6,836$6,512$6,204$5,555
6 years$6,218$5,861$5,524$5,208$4,909$4,288
7 years$5,276$4,922$4,591$4,281$3,992$3,399
8 years$4,570$4,219$3,893$3,592$3,312$2,747
9 years$4,021$3,673$3,353$3,059$2,789$2,252
10 years$3,582$3,238$2,924$2,637$2,377$1,866
11 years$3,223$2,883$2,574$2,295$2,044$1,560
12 years$2,925$2,587$2,284$2,013$1,771$1,313
13 years$2,672$2,338$2,041$1,777$1,545$1,112
14 years$2,456$2,125$1,834$1,578$1,354$945
15 years$2,268$1,941$1,656$1,407$1,192$807
16 years$2,104$1,781$1,501$1,260$1,054$691
17 years$1,960$1,640$1,366$1,132$934$593
18 years$1,832$1,516$1,247$1,020$831$511
19 years$1,717$1,405$1,141$922$740$440
20 years$1,614$1,306$1,048$835$661$380
21 years$1,521$1,216$964$758$592$329
22 years$1,437$1,135$888$689$530$285
23 years$1,360$1,062$820$627$476$247
24 years$1,289$995$758$572$428$214
25 years$1,225$933$702$523$385$186
26 years$1,165$877$651$478$347$162
27 years$1,110$826$605$437$313$140
28 years$1,059$778$562$401$282$122
29 years$1,011$734$523$367$255$106
30 years$967$693$487$337$230$93
31 years$926$655$454$310$208$81
32 years$887$620$424$285$188$70
33 years$851$587$396$262$170$61
34 years$817$556$370$241$154$53
35 years$785$528$346$222$140$46
36 years$754$501$323$204$127$40
37 years$726$476$303$188$115$35
38 years$699$452$284$173$104$31
39 years$674$430$266$160$94$27
40 years$649$409$249$147$86$23
41 years$626$389$233$136$78$20
42 years$605$371$219$126$70$18
43 years$584$353$206$116$64$16
44 years$564$337$193$107$58$14
45 years$546$321$181$99$53$12
46 years$528$306$170$91$48$10
47 years$511$292$160$84$43$9
48 years$494$279$150$78$39$8
49 years$479$267$141$72$36$7
50 years$464$255$133$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $475,000, adding $4,124 every year, while hoping to spend $27,348 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: 61/22/17 Blend
59$475,000$475,000$475,000$475,000
60$527,704$502,529$495,166$557,370
61$552,432$498,055$482,656$573,387
62$578,765$492,445$468,811$587,434
63$606,839$485,614$453,556$602,123
64$636,801$477,474$436,815$617,521
65$668,814$467,929$418,507$633,700
66$703,054$456,879$398,548$650,742
67$739,716$444,216$376,850$668,737
68$779,013$429,830$353,321$687,786
69$821,181$413,599$327,865$708,003
70$866,474$395,399$300,381$729,514
71$915,176$375,095$270,765$752,458
72$967,595$352,546$238,908$776,993
73$1,024,072$327,603$204,693$803,292
74$1,084,980$300,108$168,003$831,548
75$1,150,729$269,894$128,712$861,978
76$1,221,769$236,784$86,689$894,820
77$1,298,595$200,593$41,800$930,340
78$1,381,753$161,122$0$968,834
79$1,471,839$118,165$0$1,011,737
80$1,569,513$71,501$0$1,066,471
81$1,675,497$20,898$0$1,125,877
82$1,790,587$0$0$1,190,434
83$1,915,658$0$0$1,268,873
84$2,051,672$0$0$1,359,711
85$2,199,690$0$0$1,458,598
86$2,360,877$0$0$1,566,319
87$2,536,513$0$0$1,683,733
88$2,728,012$0$0$1,811,789
89$2,936,927$0$0$1,951,532
90$3,164,966$0$0$2,104,108
91$3,414,012$0$0$2,270,783
92$3,686,137$0$0$2,452,949
93$3,983,621$0$0$2,652,138
94$4,308,976$0$0$2,870,038
95$4,664,966$0$0$3,108,506
96$5,054,636$0$0$3,369,587
97$5,481,339$0$0$3,655,536
98$5,948,766$0$0$3,968,832
99$6,460,983$0$0$4,312,208
100$7,022,467$0$0$4,688,673