Can I retire at age 60 with 454,000?

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 $454,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$37,491$37,157$36,831$36,513$36,203$35,750
2 years$18,560$18,214$17,879$17,554$17,239$16,784
3 years$12,250$11,903$11,569$11,247$10,937$10,493
4 years$9,096$8,750$8,419$8,103$7,801$7,371
5 years$7,204$6,860$6,534$6,224$5,930$5,517
6 years$5,943$5,602$5,280$4,977$4,692$4,296
7 years$5,043$4,704$4,388$4,092$3,816$3,436
8 years$4,368$4,033$3,721$3,433$3,166$2,802
9 years$3,843$3,511$3,205$2,924$2,666$2,319
10 years$3,424$3,095$2,794$2,520$2,272$1,941
11 years$3,081$2,755$2,460$2,194$1,954$1,639
12 years$2,795$2,473$2,183$1,924$1,693$1,394
13 years$2,554$2,235$1,951$1,699$1,476$1,192
14 years$2,347$2,031$1,753$1,508$1,294$1,025
15 years$2,168$1,856$1,582$1,345$1,139$885
16 years$2,011$1,703$1,435$1,204$1,007$766
17 years$1,873$1,568$1,305$1,082$893$665
18 years$1,751$1,449$1,192$975$794$579
19 years$1,641$1,343$1,091$881$708$505
20 years$1,543$1,248$1,001$798$632$442
21 years$1,454$1,162$921$724$566$387
22 years$1,373$1,085$849$658$507$339
23 years$1,300$1,015$784$600$455$297
24 years$1,232$951$725$547$409$261
25 years$1,170$892$671$499$368$230
26 years$1,113$839$623$457$332$202
27 years$1,061$789$578$418$299$178
28 years$1,012$744$537$383$270$157
29 years$966$702$500$351$244$138
30 years$924$663$466$322$220$122
31 years$885$626$434$296$199$108
32 years$848$593$405$272$180$95
33 years$813$561$378$250$163$84
34 years$781$532$354$230$147$74
35 years$750$504$331$212$134$65
36 years$721$479$309$195$121$58
37 years$694$455$289$180$110$51
38 years$668$432$271$166$99$45
39 years$644$411$254$153$90$40
40 years$621$391$238$141$82$35
41 years$599$372$223$130$74$31
42 years$578$354$209$120$67$28
43 years$558$338$196$111$61$24
44 years$539$322$184$102$55$22
45 years$521$307$173$94$50$19
46 years$504$293$163$87$46$17
47 years$488$279$153$81$42$15
48 years$472$267$144$74$38$13
49 years$458$255$135$69$34$12
50 years$443$243$127$64$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $454,000, adding $5,485 every year, while hoping to spend $38,279 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: 40/46/14 Blend
59$454,000$454,000$454,000$454,000
60$505,966$481,904$474,867$523,891
61$516,846$464,789$450,046$519,993
62$527,552$445,552$423,111$511,620
63$538,028$424,049$393,951$501,732
64$548,207$400,127$362,448$490,211
65$558,016$373,626$328,482$476,928
66$567,373$344,373$291,926$461,746
67$576,187$312,189$252,647$444,520
68$584,354$276,882$210,507$425,091
69$591,760$238,251$165,361$403,291
70$598,278$196,083$117,058$378,939
71$603,764$150,153$65,442$351,841
72$608,060$100,223$10,346$321,789
73$610,990$46,042$0$288,559
74$612,358$0$0$259,148
75$611,945$0$0$234,586
76$609,509$0$0$232,405
77$604,782$0$0$229,179
78$597,465$0$0$224,775
79$587,229$0$0$219,048
80$573,706$0$0$211,833
81$556,491$0$0$202,952
82$535,135$0$0$192,204
83$509,140$0$0$179,369
84$477,955$0$0$164,203
85$440,970$0$0$146,437
86$397,513$0$0$125,770
87$346,838$0$0$101,875
88$288,120$0$0$74,385
89$220,449$0$0$42,898
90$142,818$0$0$6,969
91$54,115$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0