Can I retire at age 60 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$39,308$38,958$38,616$38,282$37,957$37,039
2 years$19,459$19,097$18,746$18,405$18,075$17,156
3 years$12,844$12,480$12,130$11,792$11,467$10,576
4 years$9,537$9,174$8,827$8,496$8,179$7,321
5 years$7,553$7,193$6,850$6,525$6,217$5,397
6 years$6,231$5,873$5,536$5,218$4,919$4,136
7 years$5,287$4,932$4,601$4,290$4,001$3,255
8 years$4,580$4,228$3,902$3,599$3,319$2,611
9 years$4,030$3,681$3,360$3,066$2,795$2,123
10 years$3,590$3,245$2,930$2,643$2,382$1,746
11 years$3,230$2,889$2,579$2,300$2,048$1,447
12 years$2,931$2,593$2,289$2,017$1,775$1,208
13 years$2,678$2,343$2,045$1,781$1,548$1,014
14 years$2,461$2,130$1,838$1,581$1,357$855
15 years$2,273$1,946$1,659$1,410$1,195$723
16 years$2,109$1,785$1,504$1,262$1,056$613
17 years$1,964$1,644$1,369$1,134$936$522
18 years$1,836$1,519$1,249$1,022$832$445
19 years$1,721$1,408$1,144$924$742$380
20 years$1,618$1,308$1,050$837$663$325
21 years$1,525$1,219$966$759$593$278
22 years$1,440$1,138$890$690$532$238
23 years$1,363$1,064$822$629$477$205
24 years$1,292$997$760$573$429$176
25 years$1,227$935$704$524$386$151
26 years$1,167$879$653$479$348$130
27 years$1,112$827$606$438$313$112
28 years$1,061$780$564$402$283$96
29 years$1,013$736$524$368$255$83
30 years$969$695$488$338$231$71
31 years$928$657$455$310$209$61
32 years$889$621$425$285$189$53
33 years$852$588$397$262$171$46
34 years$818$558$371$241$155$39
35 years$786$529$347$222$140$34
36 years$756$502$324$205$127$29
37 years$727$477$303$189$115$25
38 years$700$453$284$174$104$22
39 years$675$431$266$160$95$19
40 years$651$410$250$148$86$16
41 years$628$390$234$136$78$14
42 years$606$372$219$126$71$12
43 years$585$354$206$116$64$10
44 years$566$338$193$107$58$9
45 years$547$322$182$99$53$8
46 years$529$307$170$91$48$7
47 years$512$293$160$85$44$6
48 years$495$280$151$78$40$5
49 years$480$267$141$72$36$4
50 years$465$255$133$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $476,000, adding $3,946 every year, while hoping to spend $23,579 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: 52/20/28 Blend
59$476,000$476,000$476,000$476,000
60$528,622$503,394$496,016$551,777
61$557,454$502,973$487,545$567,865
62$588,436$501,740$478,000$582,655
63$621,763$499,632$467,319$598,279
64$657,649$496,580$455,440$614,825
65$696,328$492,511$442,296$632,395
66$738,057$487,348$427,817$651,099
67$783,120$481,009$411,930$671,061
68$831,827$473,408$394,559$692,420
69$884,521$464,452$375,624$715,328
70$941,576$454,045$355,042$739,957
71$1,003,407$442,082$332,725$766,496
72$1,070,467$428,457$308,584$795,157
73$1,143,255$413,052$282,522$826,174
74$1,222,321$395,745$254,440$859,808
75$1,308,269$376,408$224,235$896,347
76$1,401,764$354,903$191,798$936,113
77$1,503,536$331,086$157,017$979,462
78$1,614,392$304,805$119,772$1,026,788
79$1,735,216$275,896$79,940$1,078,531
80$1,866,983$244,190$37,393$1,135,174
81$2,010,766$209,506$0$1,197,256
82$2,167,745$171,652$0$1,267,767
83$2,339,220$130,428$0$1,357,052
84$2,526,622$85,621$0$1,454,700
85$2,731,526$37,005$0$1,561,569
86$2,955,667$0$0$1,678,601
87$3,200,954$0$0$1,810,284
88$3,469,491$0$0$1,963,410
89$3,763,593$0$0$2,131,163
90$4,085,810$0$0$2,315,002
91$4,438,950$0$0$2,516,536
92$4,826,107$0$0$2,737,537
93$5,250,687$0$0$2,979,956
94$5,716,442$0$0$3,245,942
95$6,227,505$0$0$3,537,862
96$6,788,428$0$0$3,858,325
97$7,404,225$0$0$4,210,202
98$8,080,420$0$0$4,596,658
99$8,823,097$0$0$5,021,179
100$9,638,959$0$0$5,487,604