Can I retire at age 60 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$37,161$36,830$36,507$36,191$35,884$34,666
2 years$18,396$18,054$17,722$17,400$17,087$15,873
3 years$12,142$11,798$11,467$11,148$10,841$9,667
4 years$9,016$8,673$8,345$8,032$7,732$6,608
5 years$7,141$6,800$6,476$6,169$5,878$4,807
6 years$5,891$5,552$5,234$4,933$4,651$3,635
7 years$4,999$4,663$4,349$4,056$3,782$2,820
8 years$4,330$3,997$3,688$3,403$3,138$2,229
9 years$3,810$3,480$3,177$2,898$2,642$1,785
10 years$3,394$3,068$2,770$2,498$2,252$1,445
11 years$3,054$2,731$2,438$2,174$1,936$1,179
12 years$2,771$2,451$2,164$1,907$1,678$968
13 years$2,531$2,215$1,933$1,684$1,463$799
14 years$2,326$2,013$1,737$1,495$1,283$662
15 years$2,149$1,839$1,568$1,333$1,129$550
16 years$1,994$1,688$1,422$1,193$998$458
17 years$1,857$1,554$1,294$1,072$885$383
18 years$1,735$1,436$1,181$966$787$320
19 years$1,627$1,331$1,081$873$701$268
20 years$1,529$1,237$992$791$627$225
21 years$1,441$1,152$913$718$561$189
22 years$1,361$1,075$841$653$503$159
23 years$1,288$1,006$777$594$451$134
24 years$1,222$942$718$542$405$113
25 years$1,160$884$665$495$365$95
26 years$1,104$831$617$453$329$80
27 years$1,051$782$573$414$296$67
28 years$1,003$737$533$380$267$57
29 years$958$695$496$348$241$48
30 years$916$657$462$319$218$40
31 years$877$621$430$293$197$34
32 years$840$587$402$270$178$29
33 years$806$556$375$248$161$24
34 years$774$527$350$228$146$21
35 years$743$500$328$210$132$17
36 years$715$475$306$193$120$15
37 years$688$451$287$178$109$12
38 years$662$428$269$164$99$10
39 years$638$407$252$151$89$9
40 years$615$388$236$140$81$7
41 years$594$369$221$129$74$6
42 years$573$351$207$119$67$5
43 years$553$335$195$110$61$4
44 years$535$319$183$101$55$4
45 years$517$304$172$94$50$3
46 years$500$290$161$86$45$3
47 years$484$277$151$80$41$2
48 years$468$264$142$74$37$2
49 years$454$253$134$68$34$2
50 years$439$241$126$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $450,000, adding $3,320 every year, while hoping to spend $29,950 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: 61/11/28 Blend
59$450,000$450,000$450,000$450,000
60$499,325$475,475$468,500$525,832
61$518,389$466,906$452,328$535,696
62$538,394$456,914$434,610$542,941
63$559,405$445,397$415,264$550,217
64$581,490$432,248$394,202$557,533
65$604,727$417,353$371,332$564,901
66$629,197$400,591$346,560$572,335
67$654,991$381,836$319,785$579,853
68$682,207$360,953$290,905$587,474
69$710,952$337,799$259,810$595,223
70$741,342$312,225$226,387$603,128
71$773,506$284,070$190,517$611,222
72$807,580$253,167$152,077$619,543
73$843,719$219,337$110,937$628,137
74$882,088$182,394$66,962$637,053
75$922,867$142,138$20,012$646,350
76$966,257$98,360$0$656,095
77$1,012,474$50,839$0$675,355
78$1,061,757$0$0$702,191
79$1,114,366$0$0$730,845
80$1,170,586$0$0$768,062
81$1,230,732$0$0$807,900
82$1,295,145$0$0$850,588
83$1,364,204$0$0$896,380
84$1,438,321$0$0$945,552
85$1,517,949$0$0$998,408
86$1,603,586$0$0$1,055,282
87$1,695,779$0$0$1,116,542
88$1,795,126$0$0$1,182,588
89$1,902,289$0$0$1,253,865
90$2,017,990$0$0$1,330,857
91$2,143,024$0$0$1,414,099
92$2,278,268$0$0$1,504,178
93$2,424,680$0$0$1,601,739
94$2,583,319$0$0$1,707,491
95$2,755,345$0$0$1,822,215
96$2,942,036$0$0$1,946,769
97$3,144,798$0$0$2,082,095
98$3,365,176$0$0$2,229,233
99$3,604,871$0$0$2,389,323
100$3,865,752$0$0$2,563,623