Can I retire at age 60 with 468,000?

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 $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$38,647$38,303$37,967$37,639$37,319$36,686
2 years$19,132$18,776$18,431$18,096$17,771$17,135
3 years$12,628$12,270$11,926$11,594$11,275$10,656
4 years$9,377$9,020$8,679$8,353$8,041$7,444
5 years$7,426$7,072$6,735$6,416$6,113$5,539
6 years$6,127$5,775$5,443$5,131$4,837$4,287
7 years$5,198$4,849$4,523$4,218$3,934$3,408
8 years$4,503$4,157$3,836$3,539$3,263$2,762
9 years$3,962$3,619$3,304$3,014$2,748$2,271
10 years$3,529$3,190$2,880$2,598$2,342$1,888
11 years$3,176$2,840$2,536$2,261$2,014$1,583
12 years$2,882$2,549$2,251$1,983$1,745$1,337
13 years$2,633$2,304$2,011$1,751$1,522$1,136
14 years$2,419$2,094$1,807$1,554$1,334$969
15 years$2,235$1,913$1,631$1,386$1,175$830
16 years$2,073$1,755$1,479$1,241$1,038$713
17 years$1,931$1,616$1,346$1,115$920$615
18 years$1,805$1,494$1,228$1,005$818$531
19 years$1,692$1,384$1,125$908$729$459
20 years$1,591$1,286$1,032$822$652$398
21 years$1,499$1,198$949$746$583$346
22 years$1,416$1,118$875$679$523$301
23 years$1,340$1,046$808$618$469$262
24 years$1,270$980$747$564$422$228
25 years$1,207$920$692$515$379$199
26 years$1,148$864$642$471$342$173
27 years$1,093$813$596$431$308$151
28 years$1,043$767$554$395$278$132
29 years$996$723$516$362$251$115
30 years$953$683$480$332$227$101
31 years$912$646$448$305$205$88
32 years$874$611$418$280$186$77
33 years$838$579$390$258$168$67
34 years$805$548$364$237$152$59
35 years$773$520$341$218$138$52
36 years$743$494$319$201$125$45
37 years$715$469$298$185$113$40
38 years$689$446$279$171$103$35
39 years$664$424$262$158$93$30
40 years$640$403$245$145$84$27
41 years$617$384$230$134$76$23
42 years$596$365$216$124$69$20
43 years$575$348$202$114$63$18
44 years$556$332$190$105$57$16
45 years$538$316$178$97$52$14
46 years$520$302$168$90$47$12
47 years$503$288$157$83$43$11
48 years$487$275$148$77$39$9
49 years$472$263$139$71$35$8
50 years$457$251$131$66$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $468,000, adding $5,267 every year, while hoping to spend $22,917 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: 61/23/16 Blend
59$468,000$468,000$468,000$468,000
60$521,169$496,365$489,111$550,549
61$549,945$496,303$481,113$570,906
62$580,887$495,471$472,078$590,072
63$614,194$493,805$461,949$610,447
64$650,081$491,240$450,663$632,151
65$688,785$487,707$438,156$655,314
66$730,567$483,131$424,361$680,084
67$775,715$477,434$409,207$706,624
68$824,542$470,532$392,619$735,111
69$877,395$462,338$374,522$765,746
70$934,655$452,759$354,834$798,748
71$996,740$441,694$333,471$834,361
72$1,064,111$429,040$310,346$872,854
73$1,137,272$414,685$285,365$914,526
74$1,216,782$398,513$258,432$959,706
75$1,303,253$380,399$229,449$1,008,761
76$1,397,357$360,211$198,308$1,062,093
77$1,499,838$337,811$164,901$1,120,151
78$1,611,509$313,052$129,114$1,183,427
79$1,733,270$285,779$90,826$1,252,468
80$1,866,109$255,827$49,913$1,327,878
81$2,011,112$223,022$6,245$1,410,326
82$2,169,477$187,182$0$1,500,549
83$2,342,522$148,113$0$1,606,252
84$2,531,699$105,610$0$1,723,034
85$2,738,603$59,456$0$1,850,848
86$2,964,996$9,424$0$1,990,823
87$3,212,812$0$0$2,144,201
88$3,484,186$0$0$2,323,674
89$3,781,465$0$0$2,522,930
90$4,107,236$0$0$2,741,320
91$4,464,348$0$0$2,980,758
92$4,855,937$0$0$3,243,354
93$5,285,460$0$0$3,531,430
94$5,756,722$0$0$3,847,542
95$6,273,916$0$0$4,194,510
96$6,841,658$0$0$4,575,435
97$7,465,036$0$0$4,993,736
98$8,149,653$0$0$5,453,180
99$8,901,680$0$0$5,957,915
100$9,727,919$0$0$6,512,511