Can I retire at age 60 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$33,445$33,147$32,856$32,572$32,295$31,721
2 years$16,557$16,248$15,949$15,660$15,379$14,802
3 years$10,928$10,618$10,320$10,033$9,757$9,196
4 years$8,114$7,806$7,511$7,228$6,959$6,418
5 years$6,427$6,120$5,829$5,552$5,290$4,770
6 years$5,302$4,997$4,710$4,440$4,186$3,688
7 years$4,499$4,197$3,914$3,650$3,404$2,929
8 years$3,897$3,597$3,320$3,062$2,824$2,371
9 years$3,429$3,132$2,859$2,608$2,378$1,947
10 years$3,054$2,761$2,493$2,248$2,026$1,617
11 years$2,748$2,458$2,195$1,957$1,743$1,354
12 years$2,494$2,206$1,948$1,716$1,510$1,142
13 years$2,278$1,994$1,740$1,515$1,317$969
14 years$2,094$1,812$1,563$1,345$1,154$825
15 years$1,934$1,655$1,412$1,200$1,016$706
16 years$1,794$1,519$1,280$1,074$898$606
17 years$1,671$1,399$1,165$965$797$521
18 years$1,562$1,292$1,063$870$708$450
19 years$1,464$1,198$973$786$631$389
20 years$1,376$1,113$893$712$564$336
21 years$1,297$1,037$822$646$505$292
22 years$1,225$968$757$587$452$253
23 years$1,159$905$699$535$406$220
24 years$1,099$848$647$488$365$191
25 years$1,044$796$599$446$328$166
26 years$993$748$555$407$296$145
27 years$946$704$516$373$267$126
28 years$903$663$479$342$241$110
29 years$862$626$446$313$217$96
30 years$824$591$416$288$196$84
31 years$789$559$387$264$178$73
32 years$756$529$361$243$161$64
33 years$725$501$338$223$145$56
34 years$696$474$315$205$132$49
35 years$669$450$295$189$119$43
36 years$643$427$276$174$108$37
37 years$619$406$258$160$98$33
38 years$596$386$242$148$89$28
39 years$574$367$227$136$80$25
40 years$554$349$212$126$73$22
41 years$534$332$199$116$66$19
42 years$516$316$187$107$60$17
43 years$498$301$175$99$55$15
44 years$481$287$164$91$49$13
45 years$465$274$154$84$45$11
46 years$450$261$145$78$41$10
47 years$435$249$136$72$37$8
48 years$421$238$128$66$34$7
49 years$408$227$120$61$31$7
50 years$395$217$113$57$28$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $405,000, adding $3,585 every year, while hoping to spend $29,886 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: 39/49/12 Blend
59$405,000$405,000$405,000$405,000
60$450,008$428,543$422,265$465,798
61$464,110$417,743$404,613$466,526
62$478,649$405,412$385,367$464,117
63$493,638$391,444$364,444$460,855
64$509,090$375,726$341,754$456,674
65$525,019$358,138$317,204$451,510
66$541,439$338,554$290,698$445,290
67$558,363$316,842$262,134$437,940
68$575,808$292,858$231,407$429,381
69$593,787$266,455$198,406$419,528
70$612,317$237,475$163,016$408,294
71$631,412$205,750$125,116$395,583
72$651,090$171,105$84,581$381,298
73$671,365$133,354$41,279$365,332
74$692,255$92,299$0$347,576
75$713,777$47,734$0$328,544
76$735,948$0$0$313,161
77$758,786$0$0$296,329
78$782,307$0$0$305,500
79$806,531$0$0$314,943
80$831,475$0$0$324,665
81$857,158$0$0$334,674
82$883,598$0$0$344,975
83$910,814$0$0$355,576
84$938,824$0$0$366,484
85$967,646$0$0$377,706
86$997,301$0$0$389,249
87$1,027,804$0$0$401,118
88$1,059,176$0$0$413,322
89$1,091,434$0$0$425,866
90$1,124,595$0$0$438,757
91$1,158,676$0$0$452,000
92$1,193,694$0$0$465,602
93$1,229,664$0$0$479,567
94$1,266,600$0$0$493,901
95$1,304,516$0$0$508,607
96$1,343,425$0$0$523,690
97$1,383,337$0$0$539,152
98$1,424,260$0$0$554,996
99$1,466,202$0$0$571,222
100$1,509,167$0$0$587,832