Can I retire at age 60 with 443,000?

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 $443,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$36,583$36,257$35,939$35,628$35,325$34,318
2 years$18,110$17,773$17,446$17,129$16,822$15,815
3 years$11,954$11,615$11,289$10,975$10,672$9,697
4 years$8,876$8,538$8,215$7,907$7,612$6,676
5 years$7,030$6,694$6,375$6,073$5,786$4,893
6 years$5,799$5,466$5,152$4,857$4,578$3,727
7 years$4,921$4,590$4,282$3,993$3,723$2,915
8 years$4,262$3,935$3,631$3,350$3,089$2,323
9 years$3,750$3,426$3,127$2,853$2,601$1,877
10 years$3,341$3,020$2,727$2,459$2,217$1,533
11 years$3,006$2,688$2,400$2,140$1,906$1,262
12 years$2,728$2,413$2,130$1,877$1,652$1,046
13 years$2,492$2,181$1,903$1,657$1,441$871
14 years$2,290$1,982$1,710$1,471$1,263$729
15 years$2,115$1,811$1,544$1,312$1,112$612
16 years$1,963$1,661$1,400$1,175$983$515
17 years$1,828$1,530$1,274$1,056$871$435
18 years$1,708$1,414$1,163$951$775$367
19 years$1,602$1,310$1,065$860$691$311
20 years$1,506$1,218$977$779$617$264
21 years$1,419$1,134$899$707$552$224
22 years$1,340$1,059$828$642$495$190
23 years$1,268$990$765$585$444$162
24 years$1,203$928$707$534$399$138
25 years$1,142$871$655$487$359$117
26 years$1,086$818$608$446$324$100
27 years$1,035$770$564$408$292$85
28 years$987$726$524$374$263$73
29 years$943$685$488$343$238$62
30 years$902$646$455$315$215$53
31 years$863$611$424$289$194$45
32 years$827$578$395$265$176$39
33 years$793$548$369$244$159$33
34 years$762$519$345$225$144$28
35 years$732$492$323$207$130$24
36 years$704$467$302$190$118$21
37 years$677$444$282$175$107$18
38 years$652$422$264$162$97$15
39 years$628$401$248$149$88$13
40 years$606$382$232$138$80$11
41 years$584$363$218$127$72$9
42 years$564$346$204$117$66$8
43 years$545$330$192$108$60$7
44 years$526$314$180$100$54$6
45 years$509$300$169$92$49$5
46 years$492$286$159$85$45$4
47 years$476$273$149$79$41$4
48 years$461$260$140$73$37$3
49 years$446$249$132$67$33$3
50 years$433$237$124$62$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $443,000, adding $6,774 every year, while hoping to spend $32,968 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: 50/45/5 Blend
59$443,000$443,000$443,000$443,000
60$495,173$471,694$464,828$519,002
61$510,603$459,730$445,322$523,991
62$526,502$446,074$424,058$525,289
63$542,883$430,609$400,941$525,905
64$559,759$413,211$375,875$525,784
65$577,144$393,747$348,756$524,864
66$595,051$372,079$319,477$523,083
67$613,494$348,059$287,928$520,373
68$632,488$321,531$253,991$516,661
69$652,046$292,331$217,544$511,873
70$672,183$260,283$178,459$505,926
71$692,913$225,204$136,605$498,736
72$714,250$186,900$91,842$490,211
73$736,211$145,165$44,026$480,255
74$758,807$99,781$0$468,766
75$782,056$50,520$0$456,009
76$805,969$0$0$444,026
77$830,563$0$0$431,771
78$855,850$0$0$444,889
79$881,844$0$0$458,371
80$908,559$0$0$472,224
81$936,007$0$0$486,453
82$964,199$0$0$501,065
83$993,149$0$0$516,065
84$1,022,864$0$0$531,457
85$1,053,356$0$0$547,245
86$1,084,633$0$0$563,434
87$1,116,700$0$0$580,026
88$1,149,563$0$0$597,022
89$1,183,226$0$0$614,424
90$1,217,689$0$0$632,231
91$1,252,951$0$0$650,441
92$1,289,008$0$0$669,050
93$1,325,852$0$0$688,054
94$1,363,475$0$0$707,445
95$1,401,859$0$0$727,215
96$1,440,988$0$0$747,350
97$1,480,835$0$0$767,838
98$1,521,373$0$0$788,658
99$1,562,564$0$0$809,792
100$1,604,366$0$0$831,213