Can I retire at age 60 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$34,766$34,456$34,154$33,859$33,571$33,304
2 years$17,211$16,890$16,580$16,278$15,986$15,717
3 years$11,360$11,038$10,728$10,430$10,142$9,879
4 years$8,435$8,114$7,807$7,514$7,234$6,979
5 years$6,681$6,362$6,059$5,771$5,499$5,253
6 years$5,511$5,195$4,896$4,616$4,351$4,114
7 years$4,676$4,362$4,069$3,795$3,539$3,311
8 years$4,051$3,739$3,451$3,183$2,936$2,718
9 years$3,564$3,256$2,972$2,711$2,472$2,264
10 years$3,175$2,870$2,591$2,337$2,106$1,907
11 years$2,857$2,555$2,281$2,034$1,812$1,621
12 years$2,592$2,293$2,025$1,784$1,570$1,388
13 years$2,368$2,072$1,809$1,575$1,369$1,196
14 years$2,176$1,884$1,625$1,398$1,200$1,036
15 years$2,010$1,721$1,467$1,247$1,057$901
16 years$1,865$1,579$1,330$1,117$934$786
17 years$1,737$1,454$1,211$1,003$828$688
18 years$1,624$1,344$1,105$904$736$603
19 years$1,522$1,245$1,012$817$656$531
20 years$1,431$1,157$928$740$586$468
21 years$1,348$1,078$854$672$525$413
22 years$1,274$1,006$787$611$470$365
23 years$1,205$941$727$556$422$323
24 years$1,143$882$672$507$379$286
25 years$1,085$827$623$463$341$254
26 years$1,033$778$577$423$307$225
27 years$984$732$536$388$277$200
28 years$938$690$498$355$250$178
29 years$896$651$464$326$226$158
30 years$857$614$432$299$204$141
31 years$820$581$403$275$185$125
32 years$786$550$376$252$167$112
33 years$754$520$351$232$151$99
34 years$724$493$328$213$137$89
35 years$695$468$306$196$124$79
36 years$669$444$287$181$112$70
37 years$643$422$268$167$102$63
38 years$620$401$251$154$92$56
39 years$597$381$235$142$84$50
40 years$576$363$221$131$76$45
41 years$555$345$207$121$69$40
42 years$536$329$194$111$62$36
43 years$518$313$182$103$57$32
44 years$500$299$171$95$51$28
45 years$484$285$161$88$47$25
46 years$468$272$151$81$42$23
47 years$453$259$142$75$39$20
48 years$438$247$133$69$35$18
49 years$424$236$125$64$32$16
50 years$411$226$118$59$29$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $421,000, adding $3,002 every year, while hoping to spend $34,075 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: 70/24/6 Blend
59$421,000$421,000$421,000$421,000
60$467,039$444,726$438,200$499,147
61$478,421$430,262$416,624$506,299
62$489,822$413,947$393,184$509,631
63$501,209$395,655$367,780$512,334
64$512,541$375,251$340,309$514,339
65$523,776$352,594$310,666$515,570
66$534,864$327,534$278,736$515,945
67$545,750$299,913$244,403$515,372
68$556,370$269,562$207,544$513,755
69$566,654$236,305$168,032$510,987
70$576,524$199,955$125,732$506,950
71$585,891$160,315$80,505$501,520
72$594,656$117,174$32,206$494,558
73$602,709$70,313$0$485,914
74$609,926$19,499$0$476,662
75$616,170$0$0$467,668
76$621,287$0$0$466,064
77$625,109$0$0$468,596
78$627,444$0$0$469,968
79$628,082$0$0$470,018
80$626,790$0$0$468,565
81$623,307$0$0$465,408
82$617,346$0$0$460,324
83$608,586$0$0$453,066
84$596,672$0$0$443,359
85$581,213$0$0$430,901
86$561,773$0$0$415,356
87$537,871$0$0$396,351
88$508,972$0$0$373,473
89$474,488$0$0$346,269
90$433,764$0$0$314,232
91$386,079$0$0$276,807
92$330,635$0$0$233,375
93$266,548$0$0$183,256
94$192,844$0$0$125,696
95$108,443$0$0$59,862
96$12,155$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0