Can I retire at age 60 with 482,000?

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 $482,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$39,803$39,449$39,103$38,765$38,435$37,355
2 years$19,705$19,338$18,982$18,637$18,303$17,222
3 years$13,006$12,637$12,283$11,941$11,612$10,565
4 years$9,657$9,290$8,939$8,603$8,282$7,277
5 years$7,649$7,283$6,937$6,608$6,296$5,336
6 years$6,310$5,947$5,606$5,284$4,982$4,068
7 years$5,354$4,995$4,658$4,344$4,051$3,183
8 years$4,637$4,281$3,951$3,644$3,361$2,538
9 years$4,080$3,728$3,403$3,104$2,830$2,052
10 years$3,635$3,286$2,967$2,676$2,412$1,676
11 years$3,271$2,925$2,612$2,329$2,074$1,381
12 years$2,968$2,625$2,318$2,043$1,797$1,145
13 years$2,711$2,373$2,071$1,803$1,567$955
14 years$2,492$2,157$1,861$1,601$1,374$799
15 years$2,302$1,970$1,680$1,428$1,210$671
16 years$2,135$1,808$1,523$1,278$1,069$566
17 years$1,989$1,665$1,386$1,149$948$478
18 years$1,859$1,538$1,265$1,035$843$404
19 years$1,743$1,426$1,158$935$751$343
20 years$1,638$1,325$1,063$847$671$291
21 years$1,544$1,234$978$769$601$247
22 years$1,458$1,152$901$699$538$210
23 years$1,380$1,077$832$637$483$179
24 years$1,308$1,009$770$581$434$152
25 years$1,243$947$713$530$391$130
26 years$1,182$890$661$485$352$111
27 years$1,126$838$614$444$317$95
28 years$1,074$789$571$407$286$81
29 years$1,026$745$531$373$259$69
30 years$981$703$495$342$234$59
31 years$939$665$461$314$211$50
32 years$900$629$430$289$191$43
33 years$863$596$402$266$173$37
34 years$829$565$375$244$157$31
35 years$796$536$351$225$142$27
36 years$766$508$328$207$128$23
37 years$737$483$307$191$116$20
38 years$709$459$288$176$106$17
39 years$683$436$270$162$96$14
40 years$659$415$253$150$87$12
41 years$636$395$237$138$79$10
42 years$614$376$222$127$71$9
43 years$593$359$209$118$65$8
44 years$573$342$196$109$59$7
45 years$554$326$184$100$53$6
46 years$535$311$173$93$49$5
47 years$518$297$162$86$44$4
48 years$502$283$152$79$40$4
49 years$486$271$143$73$36$3
50 years$471$258$135$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $482,000, adding $4,449 every year, while hoping to spend $29,699 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: 53/34/13 Blend
59$482,000$482,000$482,000$482,000
60$535,753$510,207$502,736$562,083
61$558,800$503,608$487,978$573,924
62$583,203$495,690$471,731$583,245
63$609,068$486,357$453,912$592,706
64$636,513$475,508$434,437$602,329
65$665,664$463,034$413,218$612,137
66$696,661$448,823$390,161$622,160
67$729,658$432,753$365,169$632,430
68$764,822$414,697$338,141$642,986
69$802,336$394,519$308,970$653,874
70$842,401$372,076$277,547$665,143
71$885,236$347,218$243,755$676,855
72$931,083$319,785$207,474$689,075
73$980,207$289,608$168,577$701,882
74$1,032,896$256,507$126,934$715,364
75$1,089,471$220,295$82,405$729,621
76$1,150,280$180,772$34,848$744,766
77$1,215,706$137,728$0$760,929
78$1,286,170$90,939$0$780,461
79$1,362,136$40,171$0$806,623
80$1,444,110$0$0$834,783
81$1,532,652$0$0$870,721
82$1,628,374$0$0$925,858
83$1,731,950$0$0$985,559
84$1,844,122$0$0$1,050,255
85$1,965,704$0$0$1,120,421
86$2,097,592$0$0$1,196,580
87$2,240,771$0$0$1,279,307
88$2,396,325$0$0$1,369,232
89$2,565,446$0$0$1,467,053
90$2,749,446$0$0$1,573,533
91$2,949,766$0$0$1,689,514
92$3,167,995$0$0$1,815,923
93$3,405,881$0$0$1,953,780
94$3,665,345$0$0$2,104,205
95$3,948,504$0$0$2,268,435
96$4,257,689$0$0$2,447,829
97$4,595,463$0$0$2,643,884
98$4,964,650$0$0$2,858,247
99$5,368,359$0$0$3,092,732
100$5,810,011$0$0$3,349,338