Can I retire at age 60 with 474,000?

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 $474,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$39,142$38,794$38,454$38,122$37,797$37,528
2 years$19,377$19,017$18,667$18,328$17,999$17,727
3 years$12,790$12,428$12,079$11,743$11,419$11,153
4 years$9,497$9,136$8,790$8,460$8,144$7,887
5 years$7,522$7,162$6,822$6,498$6,191$5,943
6 years$6,205$5,849$5,513$5,197$4,899$4,660
7 years$5,265$4,912$4,581$4,272$3,984$3,754
8 years$4,560$4,210$3,885$3,584$3,305$3,085
9 years$4,013$3,666$3,346$3,053$2,783$2,572
10 years$3,575$3,231$2,917$2,632$2,372$2,170
11 years$3,217$2,877$2,568$2,290$2,040$1,847
12 years$2,918$2,582$2,279$2,009$1,768$1,584
13 years$2,666$2,333$2,037$1,773$1,541$1,366
14 years$2,450$2,121$1,830$1,574$1,351$1,184
15 years$2,263$1,937$1,652$1,404$1,190$1,031
16 years$2,100$1,778$1,498$1,257$1,051$901
17 years$1,956$1,637$1,363$1,130$932$790
18 years$1,828$1,513$1,244$1,018$829$694
19 years$1,714$1,402$1,139$920$739$611
20 years$1,611$1,303$1,045$833$660$539
21 years$1,518$1,213$962$756$591$477
22 years$1,434$1,133$886$687$529$422
23 years$1,357$1,059$818$626$475$374
24 years$1,287$993$757$571$427$332
25 years$1,222$932$701$521$384$295
26 years$1,163$875$650$477$346$262
27 years$1,107$824$604$436$312$233
28 years$1,056$776$561$400$282$208
29 years$1,009$732$522$367$254$185
30 years$965$692$486$337$230$165
31 years$924$654$453$309$208$147
32 years$885$619$423$284$188$131
33 years$849$586$395$261$170$117
34 years$815$555$369$240$154$104
35 years$783$527$345$221$139$93
36 years$753$500$323$204$126$83
37 years$724$475$302$188$115$74
38 years$698$451$283$173$104$67
39 years$672$429$265$160$94$59
40 years$648$408$248$147$85$53
41 years$625$389$233$136$77$48
42 years$603$370$219$125$70$43
43 years$583$353$205$116$64$38
44 years$563$336$193$107$58$34
45 years$544$321$181$99$53$30
46 years$527$306$170$91$48$27
47 years$510$292$159$84$43$24
48 years$493$279$150$78$39$22
49 years$478$266$141$72$36$19
50 years$463$254$132$66$32$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $474,000, adding $5,284 every year, while hoping to spend $37,804 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: 50/20/30 Blend
59$474,000$474,000$474,000$474,000
60$527,798$502,676$495,329$549,469
61$541,411$487,084$471,700$549,608
62$555,144$469,461$446,012$545,603
63$568,972$449,668$418,156$540,525
64$582,862$427,556$388,019$534,291
65$596,778$402,971$355,482$526,811
66$610,679$375,746$320,420$517,990
67$624,519$345,708$282,704$507,724
68$638,244$312,672$242,199$495,905
69$651,794$276,442$198,763$482,415
70$665,103$236,814$152,247$467,127
71$678,095$193,569$102,498$449,907
72$690,684$146,477$49,355$430,609
73$702,775$95,296$0$409,078
74$714,261$39,768$0$387,502
75$725,022$0$0$380,359
76$734,925$0$0$376,185
77$743,820$0$0$380,181
78$751,542$0$0$383,501
79$757,904$0$0$386,043
80$762,702$0$0$387,692
81$765,704$0$0$388,321
82$766,657$0$0$387,788
83$765,277$0$0$385,937
84$761,249$0$0$382,592
85$754,225$0$0$377,561
86$743,817$0$0$370,628
87$729,597$0$0$361,557
88$711,088$0$0$350,085
89$687,764$0$0$335,919
90$659,041$0$0$318,737
91$624,275$0$0$298,182
92$582,749$0$0$273,859
93$533,674$0$0$245,331
94$476,175$0$0$212,114
95$409,285$0$0$173,675
96$331,936$0$0$129,422
97$242,945$0$0$78,704
98$141,008$0$0$20,799
99$24,681$0$0$0
100$0$0$0$0