Can I retire at age 60 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$39,473$39,121$38,778$38,443$38,116$37,500
2 years$19,541$19,177$18,824$18,482$18,151$17,532
3 years$12,898$12,532$12,181$11,842$11,516$10,913
4 years$9,577$9,213$8,864$8,531$8,213$7,631
5 years$7,585$7,223$6,879$6,553$6,243$5,684
6 years$6,257$5,898$5,559$5,240$4,940$4,405
7 years$5,310$4,953$4,620$4,308$4,018$3,506
8 years$4,599$4,246$3,918$3,614$3,333$2,844
9 years$4,047$3,697$3,375$3,079$2,807$2,341
10 years$3,605$3,258$2,942$2,654$2,392$1,949
11 years$3,244$2,901$2,590$2,310$2,057$1,636
12 years$2,943$2,604$2,299$2,026$1,782$1,384
13 years$2,689$2,353$2,054$1,788$1,554$1,177
14 years$2,471$2,139$1,845$1,588$1,363$1,005
15 years$2,283$1,954$1,666$1,416$1,200$862
16 years$2,118$1,793$1,510$1,268$1,060$742
17 years$1,972$1,651$1,374$1,139$940$640
18 years$1,843$1,525$1,255$1,027$836$554
19 years$1,728$1,414$1,149$928$745$480
20 years$1,625$1,314$1,054$840$665$417
21 years$1,531$1,224$970$762$596$362
22 years$1,446$1,142$894$693$534$316
23 years$1,368$1,068$825$631$479$275
24 years$1,298$1,001$763$576$431$240
25 years$1,232$939$707$526$388$209
26 years$1,172$883$656$481$349$183
27 years$1,117$831$609$440$315$160
28 years$1,065$783$566$403$284$140
29 years$1,018$739$527$370$256$122
30 years$973$698$491$339$232$107
31 years$931$659$457$312$209$94
32 years$893$624$427$286$190$82
33 years$856$591$398$263$172$72
34 years$822$560$372$242$155$63
35 years$790$531$348$223$141$55
36 years$759$504$326$205$127$49
37 years$731$479$305$189$115$43
38 years$703$455$285$174$105$37
39 years$678$433$267$161$95$33
40 years$654$412$251$148$86$29
41 years$630$392$235$137$78$25
42 years$609$373$220$126$71$22
43 years$588$356$207$117$64$19
44 years$568$339$194$108$58$17
45 years$549$323$182$99$53$15
46 years$531$308$171$92$48$13
47 years$514$294$161$85$44$12
48 years$497$281$151$78$40$10
49 years$482$268$142$72$36$9
50 years$467$256$134$67$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $478,000, adding $4,867 every year, while hoping to spend $24,445 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: 74/5/21 Blend
59$478,000$478,000$478,000$478,000
60$531,776$506,442$499,033$568,097
61$560,008$505,249$489,742$591,677
62$590,300$503,177$479,319$614,078
63$622,837$500,159$467,703$638,004
64$657,821$496,122$454,826$663,600
65$695,475$490,987$440,618$691,029
66$736,041$484,673$425,006$720,470
67$779,788$477,094$407,915$752,119
68$827,011$468,155$389,265$786,195
69$878,033$457,761$368,971$822,939
70$933,208$445,808$346,948$862,617
71$992,929$432,186$323,104$905,520
72$1,057,624$416,779$297,344$951,974
73$1,127,765$399,465$269,569$1,002,334
74$1,203,872$380,114$239,675$1,056,996
75$1,286,516$358,588$207,553$1,116,394
76$1,376,325$334,743$173,090$1,181,008
77$1,473,989$308,425$136,168$1,251,369
78$1,580,270$279,472$96,663$1,328,060
79$1,696,003$247,712$54,447$1,411,728
80$1,822,109$212,964$9,385$1,503,084
81$1,959,602$175,036$0$1,602,914
82$2,109,594$133,726$0$1,720,758
83$2,273,315$88,821$0$1,851,706
84$2,452,115$40,094$0$1,994,743
85$2,647,480$0$0$2,151,070
86$2,861,047$0$0$2,322,706
87$3,094,620$0$0$2,512,851
88$3,350,181$0$0$2,720,918
89$3,629,918$0$0$2,948,688
90$3,936,235$0$0$3,198,123
91$4,271,782$0$0$3,471,384
92$4,639,478$0$0$3,770,849
93$5,042,536$0$0$4,099,139
94$5,484,495$0$0$4,459,141
95$5,969,255$0$0$4,854,032
96$6,501,108$0$0$5,287,313
97$7,084,784$0$0$5,762,842
98$7,725,493$0$0$6,284,866
99$8,428,974$0$0$6,858,064
100$9,201,547$0$0$7,487,590