Can I retire at age 60 with 491,000?

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 $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%14.2%
1 years$40,546$40,185$39,833$39,489$39,153$38,473
2 years$20,072$19,699$19,336$18,985$18,644$17,961
3 years$13,249$12,873$12,512$12,164$11,829$11,164
4 years$9,838$9,463$9,105$8,763$8,436$7,795
5 years$7,791$7,419$7,066$6,731$6,413$5,797
6 years$6,428$6,058$5,711$5,383$5,075$4,485
7 years$5,454$5,088$4,745$4,426$4,127$3,563
8 years$4,724$4,361$4,025$3,713$3,424$2,886
9 years$4,157$3,797$3,466$3,162$2,883$2,372
10 years$3,703$3,347$3,022$2,726$2,457$1,970
11 years$3,332$2,980$2,661$2,372$2,113$1,651
12 years$3,023$2,674$2,361$2,081$1,831$1,394
13 years$2,762$2,417$2,110$1,837$1,597$1,183
14 years$2,538$2,197$1,895$1,631$1,400$1,009
15 years$2,345$2,007$1,711$1,454$1,232$863
16 years$2,175$1,841$1,552$1,302$1,089$741
17 years$2,026$1,696$1,412$1,170$966$638
18 years$1,894$1,567$1,289$1,054$859$551
19 years$1,775$1,452$1,180$953$765$477
20 years$1,669$1,349$1,083$863$684$413
21 years$1,573$1,257$996$783$612$358
22 years$1,485$1,173$918$712$548$311
23 years$1,406$1,097$848$648$492$270
24 years$1,333$1,028$784$591$442$235
25 years$1,266$965$726$540$398$205
26 years$1,204$907$673$494$359$179
27 years$1,147$853$625$452$323$156
28 years$1,094$804$581$414$292$136
29 years$1,045$759$541$380$263$119
30 years$999$717$504$349$238$104
31 years$957$677$470$320$215$91
32 years$917$641$438$294$195$79
33 years$879$607$409$271$176$69
34 years$844$575$382$249$159$60
35 years$811$546$357$229$144$53
36 years$780$518$334$211$131$46
37 years$750$492$313$194$119$40
38 years$723$467$293$179$108$35
39 years$696$444$275$165$98$31
40 years$671$423$257$152$88$27
41 years$648$403$241$141$80$24
42 years$625$383$226$130$73$21
43 years$604$365$212$120$66$18
44 years$583$348$199$111$60$16
45 years$564$332$187$102$54$14
46 years$545$317$176$94$49$12
47 years$528$302$165$87$45$11
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 $2,595 every year, while hoping to spend $36,451 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: 58/29/13 Blend
59$491,000$491,000$491,000$491,000
60$543,759$517,736$510,125$573,379
61$560,439$504,321$488,431$580,267
62$577,598$489,028$464,788$583,501
63$595,248$471,725$439,093$586,163
64$613,398$452,274$411,237$588,206
65$632,058$430,529$381,108$589,574
66$651,239$406,336$348,586$590,212
67$670,949$379,531$313,548$590,059
68$691,199$349,940$275,864$589,051
69$711,996$317,382$235,400$587,121
70$733,349$281,663$192,015$584,195
71$755,264$242,579$145,562$580,197
72$777,749$199,913$95,886$575,045
73$800,810$153,439$42,828$568,651
74$824,450$102,914$0$560,923
75$848,672$48,086$0$553,675
76$873,480$0$0$551,354
77$898,872$0$0$551,537
78$924,848$0$0$567,416
79$951,404$0$0$583,642
80$978,533$0$0$600,212
81$1,006,228$0$0$617,118
82$1,034,475$0$0$634,353
83$1,063,261$0$0$651,906
84$1,092,565$0$0$669,764
85$1,122,365$0$0$687,912
86$1,152,634$0$0$706,330
87$1,183,337$0$0$724,997
88$1,214,435$0$0$743,887
89$1,245,883$0$0$762,968
90$1,277,628$0$0$782,208
91$1,309,607$0$0$801,564
92$1,341,750$0$0$820,991
93$1,373,977$0$0$840,436
94$1,406,195$0$0$859,839
95$1,438,300$0$0$879,132
96$1,470,172$0$0$898,239
97$1,501,678$0$0$917,071
98$1,532,667$0$0$935,531
99$1,562,968$0$0$953,509
100$1,592,389$0$0$970,882