Can I retire at age 60 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$40,546$40,185$39,833$39,489$39,153$38,441
2 years$20,072$19,699$19,336$18,985$18,644$17,930
3 years$13,249$12,873$12,512$12,164$11,829$11,134
4 years$9,838$9,463$9,105$8,763$8,436$7,766
5 years$7,791$7,419$7,066$6,731$6,413$5,770
6 years$6,428$6,058$5,711$5,383$5,075$4,458
7 years$5,454$5,088$4,745$4,426$4,127$3,538
8 years$4,724$4,361$4,025$3,713$3,424$2,863
9 years$4,157$3,797$3,466$3,162$2,883$2,349
10 years$3,703$3,347$3,022$2,726$2,457$1,950
11 years$3,332$2,980$2,661$2,372$2,113$1,632
12 years$3,023$2,674$2,361$2,081$1,831$1,375
13 years$2,762$2,417$2,110$1,837$1,597$1,166
14 years$2,538$2,197$1,895$1,631$1,400$993
15 years$2,345$2,007$1,711$1,454$1,232$849
16 years$2,175$1,841$1,552$1,302$1,089$728
17 years$2,026$1,696$1,412$1,170$966$626
18 years$1,894$1,567$1,289$1,054$859$539
19 years$1,775$1,452$1,180$953$765$466
20 years$1,669$1,349$1,083$863$684$403
21 years$1,573$1,257$996$783$612$349
22 years$1,485$1,173$918$712$548$303
23 years$1,406$1,097$848$648$492$263
24 years$1,333$1,028$784$591$442$228
25 years$1,266$965$726$540$398$199
26 years$1,204$907$673$494$359$173
27 years$1,147$853$625$452$323$150
28 years$1,094$804$581$414$292$131
29 years$1,045$759$541$380$263$114
30 years$999$717$504$349$238$100
31 years$957$677$470$320$215$87
32 years$917$641$438$294$195$76
33 years$879$607$409$271$176$66
34 years$844$575$382$249$159$58
35 years$811$546$357$229$144$50
36 years$780$518$334$211$131$44
37 years$750$492$313$194$119$38
38 years$723$467$293$179$108$34
39 years$696$444$275$165$98$29
40 years$671$423$257$152$88$26
41 years$648$403$241$141$80$22
42 years$625$383$226$130$73$20
43 years$604$365$212$120$66$17
44 years$583$348$199$111$60$15
45 years$564$332$187$102$54$13
46 years$545$317$176$94$49$11
47 years$528$302$165$87$45$10
48 years$511$289$155$81$41$9
49 years$495$276$146$74$37$8
50 years$479$263$137$69$34$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $491,000, adding $4,904 every year, while hoping to spend $21,423 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: 64/9/27 Blend
59$491,000$491,000$491,000$491,000
60$546,140$520,117$512,507$576,900
61$579,053$522,809$506,882$600,990
62$614,604$524,915$500,351$624,497
63$653,041$526,383$492,860$649,713
64$694,635$527,160$484,354$676,808
65$739,684$527,186$474,776$705,971
66$788,514$526,401$464,063$737,411
67$841,486$524,739$452,154$771,357
68$898,997$522,130$438,980$808,064
69$961,482$518,502$424,473$847,813
70$1,029,421$513,775$408,560$890,914
71$1,103,339$507,868$391,165$937,711
72$1,183,819$500,692$372,207$988,581
73$1,271,497$492,155$351,605$1,043,943
74$1,367,077$482,158$329,271$1,104,260
75$1,471,331$470,596$305,114$1,170,041
76$1,585,111$457,360$279,040$1,241,849
77$1,709,353$442,331$250,948$1,320,307
78$1,845,089$425,387$220,736$1,406,101
79$1,993,453$406,396$188,296$1,499,990
80$2,155,695$385,219$153,514$1,602,810
81$2,333,192$361,711$116,273$1,715,485
82$2,527,459$335,715$76,449$1,839,036
83$2,740,163$307,069$33,913$1,974,586
84$2,973,143$275,598$0$2,123,380
85$3,228,421$241,121$0$2,290,094
86$3,508,226$203,442$0$2,483,575
87$3,815,013$162,358$0$2,695,754
88$4,151,483$117,652$0$2,928,517
89$4,520,614$69,098$0$3,183,942
90$4,925,686$16,453$0$3,464,318
91$5,370,311$0$0$3,772,169
92$5,858,466$0$0$4,114,289
93$6,394,535$0$0$4,491,814
94$6,983,347$0$0$4,906,520
95$7,630,219$0$0$5,362,157
96$8,341,011$0$0$5,862,857
97$9,122,177$0$0$6,413,172
98$9,980,830$0$0$7,018,116
99$10,924,804$0$0$7,683,215
100$11,962,729$0$0$8,414,556