Can I retire at age 60 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$34,188$33,883$33,586$33,296$33,013$31,703
2 years$16,925$16,609$16,304$16,008$15,720$14,417
3 years$11,171$10,854$10,550$10,256$9,974$8,718
4 years$8,295$7,979$7,677$7,389$7,113$5,914
5 years$6,569$6,256$5,958$5,676$5,407$4,269
6 years$5,420$5,108$4,815$4,539$4,279$3,201
7 years$4,599$4,290$4,001$3,732$3,480$2,462
8 years$3,983$3,677$3,393$3,130$2,887$1,929
9 years$3,505$3,202$2,923$2,666$2,431$1,531
10 years$3,122$2,822$2,548$2,298$2,071$1,227
11 years$2,809$2,512$2,243$2,000$1,781$992
12 years$2,549$2,255$1,991$1,755$1,544$806
13 years$2,329$2,038$1,779$1,549$1,346$658
14 years$2,140$1,852$1,598$1,375$1,180$540
15 years$1,977$1,692$1,443$1,226$1,039$444
16 years$1,834$1,553$1,308$1,098$918$366
17 years$1,708$1,430$1,190$987$814$302
18 years$1,597$1,321$1,087$889$724$250
19 years$1,497$1,224$995$803$645$207
20 years$1,407$1,138$913$728$576$172
21 years$1,326$1,060$840$660$516$143
22 years$1,252$989$774$600$462$119
23 years$1,185$925$715$547$415$99
24 years$1,124$867$661$499$373$82
25 years$1,067$814$612$455$336$68
26 years$1,015$765$568$416$302$57
27 years$967$720$527$381$273$47
28 years$923$678$490$349$246$39
29 years$881$640$456$320$222$33
30 years$843$604$425$294$201$27
31 years$807$571$396$270$181$23
32 years$773$540$370$248$164$19
33 years$741$512$345$228$149$16
34 years$712$485$322$210$134$13
35 years$684$460$301$193$122$11
36 years$658$437$282$178$110$9
37 years$633$415$264$164$100$8
38 years$609$394$247$151$91$6
39 years$587$375$232$139$82$5
40 years$566$357$217$129$75$4
41 years$546$339$203$119$68$4
42 years$527$323$191$109$61$3
43 years$509$308$179$101$56$3
44 years$492$294$168$93$51$2
45 years$476$280$158$86$46$2
46 years$460$267$148$80$42$1
47 years$445$255$139$74$38$1
48 years$431$243$131$68$34$1
49 years$417$232$123$63$31$1
50 years$404$222$116$58$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $414,000, adding $4,941 every year, while hoping to spend $25,844 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: 54/17/29 Blend
59$414,000$414,000$414,000$414,000
60$461,325$439,383$432,966$482,274
61$480,882$433,415$419,972$491,337
62$501,568$426,288$405,677$498,155
63$523,470$417,919$390,010$505,065
64$546,685$408,217$372,896$512,088
65$571,317$397,090$354,259$519,246
66$597,482$384,438$334,016$526,564
67$625,303$370,153$312,084$534,073
68$654,919$354,126$288,373$541,808
69$686,479$336,236$262,793$549,811
70$720,148$316,361$235,245$558,127
71$756,107$294,366$205,629$566,811
72$794,552$270,112$173,840$575,922
73$835,701$243,452$139,768$585,531
74$879,790$214,228$103,297$595,717
75$927,079$182,276$64,308$606,570
76$977,855$147,422$22,677$618,190
77$1,032,431$109,480$0$630,693
78$1,091,151$68,256$0$650,938
79$1,154,393$23,545$0$680,266
80$1,222,571$0$0$711,861
81$1,296,143$0$0$750,605
82$1,375,608$0$0$797,241
83$1,461,517$0$0$847,691
84$1,554,475$0$0$902,314
85$1,655,147$0$0$961,507
86$1,764,265$0$0$1,025,702
87$1,882,632$0$0$1,095,378
88$2,011,132$0$0$1,171,060
89$2,150,738$0$0$1,253,327
90$2,302,519$0$0$1,342,813
91$2,467,653$0$0$1,440,219
92$2,647,435$0$0$1,546,314
93$2,843,289$0$0$1,661,945
94$3,056,783$0$0$1,788,045
95$3,289,643$0$0$1,925,640
96$3,543,768$0$0$2,075,858
97$3,821,250$0$0$2,239,943
98$4,124,389$0$0$2,419,264
99$4,455,720$0$0$2,615,327
100$4,818,031$0$0$2,829,792