Can I retire at age 60 with 485,000?

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 $485,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$40,051$39,694$39,346$39,006$38,675$38,081
2 years$19,827$19,458$19,100$18,753$18,416$17,820
3 years$13,087$12,716$12,359$12,015$11,684$11,103
4 years$9,717$9,348$8,994$8,656$8,333$7,772
5 years$7,696$7,329$6,980$6,649$6,335$5,795
6 years$6,349$5,984$5,641$5,317$5,013$4,495
7 years$5,387$5,026$4,687$4,372$4,077$3,582
8 years$4,666$4,308$3,975$3,667$3,382$2,910
9 years$4,106$3,751$3,424$3,124$2,848$2,398
10 years$3,658$3,306$2,985$2,693$2,427$1,998
11 years$3,291$2,943$2,628$2,343$2,087$1,680
12 years$2,986$2,642$2,332$2,055$1,809$1,422
13 years$2,728$2,387$2,084$1,815$1,577$1,211
14 years$2,507$2,170$1,872$1,611$1,382$1,036
15 years$2,316$1,982$1,690$1,437$1,217$890
16 years$2,149$1,819$1,533$1,286$1,076$767
17 years$2,001$1,675$1,395$1,156$954$663
18 years$1,870$1,548$1,273$1,042$848$574
19 years$1,753$1,434$1,165$941$756$498
20 years$1,648$1,333$1,070$852$675$433
21 years$1,553$1,242$984$774$604$377
22 years$1,467$1,159$907$703$542$329
23 years$1,388$1,084$837$641$486$287
24 years$1,317$1,016$774$584$437$251
25 years$1,250$953$717$534$393$219
26 years$1,189$896$665$488$354$192
27 years$1,133$843$618$447$319$168
28 years$1,081$794$574$409$288$147
29 years$1,032$749$534$375$260$129
30 years$987$708$498$344$235$113
31 years$945$669$464$316$213$99
32 years$906$633$433$291$192$87
33 years$869$600$404$267$174$76
34 years$834$568$378$246$158$67
35 years$801$539$353$226$143$59
36 years$770$512$330$208$129$52
37 years$741$486$309$192$117$46
38 years$714$462$290$177$106$40
39 years$688$439$271$163$96$35
40 years$663$418$254$151$87$31
41 years$640$398$238$139$79$27
42 years$617$379$224$128$72$24
43 years$596$361$210$118$65$21
44 years$576$344$197$109$59$18
45 years$557$328$185$101$54$16
46 years$539$313$174$93$49$14
47 years$521$299$163$86$44$13
48 years$505$285$153$80$40$11
49 years$489$272$144$74$37$10
50 years$474$260$136$68$33$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $485,000, adding $2,008 every year, while hoping to spend $27,378 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: 64/30/6 Blend
59$485,000$485,000$485,000$485,000
60$536,541$510,836$503,319$570,213
61$562,138$506,737$491,050$588,774
62$589,429$501,520$477,453$605,611
63$618,557$495,100$462,453$623,282
64$649,679$487,390$445,975$641,863
65$682,969$478,294$427,938$661,444
66$718,616$467,715$408,257$682,120
67$756,827$455,545$386,846$704,000
68$797,830$441,673$363,612$727,203
69$841,875$425,982$338,460$751,863
70$889,238$408,346$311,290$778,129
71$940,218$388,633$281,996$806,163
72$995,147$366,703$250,469$836,149
73$1,054,387$342,407$216,596$868,290
74$1,118,340$315,590$180,257$902,811
75$1,187,442$286,085$141,327$939,960
76$1,262,176$253,718$99,676$980,016
77$1,343,071$218,304$55,169$1,023,286
78$1,430,711$179,648$7,664$1,070,109
79$1,525,736$137,542$0$1,120,864
80$1,628,849$91,770$0$1,178,724
81$1,740,826$42,101$0$1,242,101
82$1,862,518$0$0$1,311,029
83$1,994,863$0$0$1,389,952
84$2,138,892$0$0$1,490,997
85$2,295,739$0$0$1,601,066
86$2,466,652$0$0$1,721,039
87$2,653,007$0$0$1,851,884
88$2,856,315$0$0$1,994,667
89$3,078,240$0$0$2,150,562
90$3,320,614$0$0$2,320,859
91$3,585,456$0$0$2,506,982
92$3,874,984$0$0$2,710,495
93$4,191,645$0$0$2,933,122
94$4,538,129$0$0$3,176,761
95$4,917,401$0$0$3,443,501
96$5,332,725$0$0$3,735,645
97$5,787,695$0$0$4,055,725
98$6,286,270$0$0$4,406,534
99$6,832,809$0$0$4,791,145
100$7,432,112$0$0$5,212,943