Can I retire at age 60 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$39,225$38,876$38,535$38,202$37,877$37,342
2 years$19,418$19,057$18,706$18,366$18,037$17,499
3 years$12,817$12,454$12,104$11,768$11,443$10,919
4 years$9,517$9,155$8,809$8,478$8,161$7,655
5 years$7,537$7,178$6,836$6,512$6,204$5,717
6 years$6,218$5,861$5,524$5,208$4,909$4,442
7 years$5,276$4,922$4,591$4,281$3,992$3,545
8 years$4,570$4,219$3,893$3,592$3,312$2,885
9 years$4,021$3,673$3,353$3,059$2,789$2,382
10 years$3,582$3,238$2,924$2,637$2,377$1,988
11 years$3,223$2,883$2,574$2,295$2,044$1,675
12 years$2,925$2,587$2,284$2,013$1,771$1,421
13 years$2,672$2,338$2,041$1,777$1,545$1,212
14 years$2,456$2,125$1,834$1,578$1,354$1,039
15 years$2,268$1,941$1,656$1,407$1,192$894
16 years$2,104$1,781$1,501$1,260$1,054$772
17 years$1,960$1,640$1,366$1,132$934$669
18 years$1,832$1,516$1,247$1,020$831$581
19 years$1,717$1,405$1,141$922$740$505
20 years$1,614$1,306$1,048$835$661$440
21 years$1,521$1,216$964$758$592$384
22 years$1,437$1,135$888$689$530$336
23 years$1,360$1,062$820$627$476$294
24 years$1,289$995$758$572$428$257
25 years$1,225$933$702$523$385$225
26 years$1,165$877$651$478$347$198
27 years$1,110$826$605$437$313$174
28 years$1,059$778$562$401$282$152
29 years$1,011$734$523$367$255$134
30 years$967$693$487$337$230$118
31 years$926$655$454$310$208$104
32 years$887$620$424$285$188$91
33 years$851$587$396$262$170$80
34 years$817$556$370$241$154$71
35 years$785$528$346$222$140$62
36 years$754$501$323$204$127$55
37 years$726$476$303$188$115$48
38 years$699$452$284$173$104$42
39 years$674$430$266$160$94$37
40 years$649$409$249$147$86$33
41 years$626$389$233$136$78$29
42 years$605$371$219$126$70$26
43 years$584$353$206$116$64$23
44 years$564$337$193$107$58$20
45 years$546$321$181$99$53$18
46 years$528$306$170$91$48$15
47 years$511$292$160$84$43$14
48 years$494$279$150$78$39$12
49 years$479$267$141$72$36$11
50 years$464$255$133$67$33$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $475,000, adding $3,639 every year, while hoping to spend $29,335 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: 55/34/11 Blend
59$475,000$475,000$475,000$475,000
60$527,204$502,029$494,666$554,541
61$549,766$495,416$480,025$566,866
62$573,647$487,496$463,911$576,759
63$598,949$478,174$446,242$586,838
64$625,787$467,348$426,936$597,129
65$654,282$454,914$405,903$607,656
66$684,571$440,757$383,053$618,453
67$716,802$424,758$358,290$629,554
68$751,135$406,791$331,512$641,002
69$787,749$386,722$302,616$652,844
70$826,838$364,410$271,492$665,136
71$868,614$339,704$238,026$677,939
72$913,310$312,448$202,097$691,326
73$961,183$282,472$163,582$705,378
74$1,012,512$249,602$122,351$720,187
75$1,067,605$213,650$78,267$735,857
76$1,126,800$174,418$31,188$752,506
77$1,190,467$131,698$0$770,269
78$1,259,014$85,270$0$791,531
79$1,332,886$34,901$0$818,279
80$1,412,575$0$0$847,057
81$1,498,621$0$0$885,453
82$1,591,614$0$0$941,096
83$1,692,207$0$0$1,001,323
84$1,801,116$0$0$1,066,566
85$1,919,126$0$0$1,137,302
86$2,047,104$0$0$1,214,054
87$2,186,001$0$0$1,297,399
88$2,336,864$0$0$1,387,969
89$2,500,843$0$0$1,486,462
90$2,679,204$0$0$1,593,644
91$2,873,342$0$0$1,710,359
92$3,084,789$0$0$1,837,535
93$3,315,232$0$0$1,976,194
94$3,566,528$0$0$2,127,459
95$3,840,720$0$0$2,292,570
96$4,140,058$0$0$2,472,886
97$4,467,016$0$0$2,669,909
98$4,824,322$0$0$2,885,289
99$5,214,975$0$0$3,120,844
100$5,642,280$0$0$3,378,575