Can I retire at age 60 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$39,886$39,530$39,184$38,845$38,515$38,145
2 years$19,745$19,378$19,021$18,676$18,341$17,967
3 years$13,033$12,664$12,308$11,966$11,636$11,272
4 years$9,677$9,309$8,957$8,621$8,299$7,946
5 years$7,664$7,298$6,951$6,621$6,309$5,969
6 years$6,323$5,960$5,617$5,295$4,992$4,665
7 years$5,365$5,005$4,668$4,354$4,060$3,746
8 years$4,647$4,290$3,959$3,652$3,368$3,067
9 years$4,089$3,735$3,410$3,111$2,836$2,549
10 years$3,643$3,293$2,973$2,681$2,417$2,142
11 years$3,278$2,931$2,617$2,334$2,078$1,817
12 years$2,974$2,631$2,323$2,047$1,801$1,552
13 years$2,717$2,378$2,075$1,807$1,571$1,334
14 years$2,497$2,161$1,865$1,604$1,377$1,152
15 years$2,306$1,974$1,683$1,431$1,212$999
16 years$2,140$1,811$1,526$1,281$1,071$869
17 years$1,993$1,668$1,389$1,151$950$759
18 years$1,863$1,541$1,268$1,037$845$664
19 years$1,746$1,429$1,161$937$753$582
20 years$1,642$1,328$1,065$849$672$511
21 years$1,547$1,237$980$770$602$450
22 years$1,461$1,154$903$700$539$396
23 years$1,383$1,080$834$638$484$350
24 years$1,311$1,011$771$582$435$309
25 years$1,245$949$714$531$392$273
26 years$1,185$892$662$486$353$242
27 years$1,128$840$615$445$318$214
28 years$1,077$791$572$407$287$190
29 years$1,028$746$532$374$259$168
30 years$983$705$496$343$234$149
31 years$941$666$462$315$212$132
32 years$902$630$431$289$191$117
33 years$865$597$403$266$173$104
34 years$830$566$376$245$157$93
35 years$798$537$352$225$142$82
36 years$767$509$329$208$129$73
37 years$738$484$308$191$117$65
38 years$711$460$288$176$106$58
39 years$685$437$270$163$96$51
40 years$660$416$253$150$87$46
41 years$637$396$237$138$79$41
42 years$615$377$223$128$72$36
43 years$594$359$209$118$65$32
44 years$574$343$196$109$59$29
45 years$555$327$184$101$54$26
46 years$537$312$173$93$49$23
47 years$519$297$163$86$44$20
48 years$503$284$153$79$40$18
49 years$487$271$144$73$36$16
50 years$472$259$135$68$33$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $483,000, adding $5,005 every year, while hoping to spend $21,906 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: 31/39/30 Blend
59$483,000$483,000$483,000$483,000
60$537,429$511,830$504,343$549,049
61$568,939$513,601$497,931$560,280
62$602,928$514,726$490,570$570,114
63$639,628$515,148$482,204$580,277
64$679,289$514,810$472,778$590,812
65$722,190$513,649$462,229$601,772
66$768,636$511,601$450,497$613,213
67$818,962$508,594$437,513$625,202
68$873,537$504,556$423,211$637,814
69$932,767$499,408$407,517$651,131
70$997,097$493,067$390,357$665,250
71$1,067,018$485,444$371,651$680,277
72$1,143,069$476,447$351,317$696,333
73$1,225,846$465,976$329,269$713,554
74$1,316,000$453,927$305,418$732,093
75$1,414,251$440,188$279,668$752,120
76$1,521,390$424,643$251,923$773,828
77$1,638,289$407,168$222,079$797,431
78$1,765,905$387,630$190,030$823,170
79$1,905,294$365,890$155,662$851,315
80$2,057,618$341,803$118,861$882,165
81$2,224,156$315,211$79,503$916,056
82$2,406,314$285,952$37,461$953,363
83$2,605,645$253,850$0$994,503
84$2,823,856$218,723$0$1,042,311
85$3,062,825$180,377$0$1,107,886
86$3,324,623$138,606$0$1,179,847
87$3,611,531$93,193$0$1,258,885
88$3,926,059$43,912$0$1,345,762
89$4,270,973$0$0$1,441,326
90$4,649,318$0$0$1,550,579
91$5,064,450$0$0$1,691,208
92$5,520,063$0$0$1,845,629
93$6,020,229$0$0$2,015,231
94$6,569,431$0$0$2,201,546
95$7,172,609$0$0$2,406,258
96$7,835,203$0$0$2,631,226
97$8,563,207$0$0$2,878,496
98$9,363,226$0$0$3,150,322
99$10,242,534$0$0$3,449,188
100$11,209,146$0$0$3,777,831