Can I retire at age 60 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$39,390$39,039$38,697$38,363$38,037$36,542
2 years$19,500$19,137$18,785$18,444$18,113$16,625
3 years$12,871$12,506$12,155$11,817$11,491$10,058
4 years$9,557$9,193$8,846$8,514$8,196$6,827
5 years$7,569$7,208$6,865$6,539$6,230$4,930
6 years$6,244$5,886$5,548$5,229$4,930$3,699
7 years$5,298$4,943$4,610$4,299$4,009$2,847
8 years$4,589$4,237$3,910$3,607$3,326$2,231
9 years$4,038$3,689$3,368$3,072$2,801$1,772
10 years$3,597$3,252$2,936$2,648$2,387$1,422
11 years$3,237$2,895$2,585$2,305$2,053$1,149
12 years$2,937$2,598$2,294$2,022$1,779$935
13 years$2,683$2,348$2,049$1,785$1,551$764
14 years$2,466$2,134$1,841$1,584$1,360$627
15 years$2,278$1,950$1,663$1,413$1,197$516
16 years$2,113$1,789$1,507$1,265$1,058$426
17 years$1,968$1,647$1,372$1,137$938$352
18 years$1,840$1,522$1,252$1,024$834$291
19 years$1,725$1,411$1,146$926$743$242
20 years$1,621$1,311$1,052$838$664$201
21 years$1,528$1,221$968$761$594$167
22 years$1,443$1,140$892$692$533$139
23 years$1,366$1,066$823$630$478$115
24 years$1,295$999$762$575$430$96
25 years$1,230$937$705$525$387$80
26 years$1,170$881$654$480$348$67
27 years$1,114$829$607$439$314$56
28 years$1,063$781$565$402$283$46
29 years$1,015$737$525$369$256$39
30 years$971$696$489$339$231$32
31 years$929$658$456$311$209$27
32 years$891$623$426$286$189$22
33 years$854$590$398$263$171$19
34 years$820$559$371$242$155$16
35 years$788$530$347$223$140$13
36 years$758$503$325$205$127$11
37 years$729$478$304$189$115$9
38 years$702$454$285$174$104$8
39 years$676$432$267$161$95$6
40 years$652$411$250$148$86$5
41 years$629$391$234$137$78$4
42 years$607$372$220$126$71$4
43 years$587$355$206$116$64$3
44 years$567$338$194$107$58$3
45 years$548$323$182$99$53$2
46 years$530$308$171$92$48$2
47 years$513$294$161$85$44$1
48 years$496$280$151$78$40$1
49 years$481$268$142$72$36$1
50 years$466$256$133$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $477,000, adding $6,356 every year, while hoping to spend $36,568 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: 53/31/16 Blend
59$477,000$477,000$477,000$477,000
60$532,210$506,929$499,536$557,805
61$547,588$492,861$477,362$561,937
62$563,308$476,877$453,220$562,020
63$579,367$458,846$427,005$561,296
64$595,761$438,628$398,608$559,697
65$612,482$416,074$367,914$557,154
66$629,520$391,027$334,805$553,589
67$646,865$363,321$299,155$548,922
68$664,504$332,782$260,835$543,066
69$682,418$299,224$219,708$535,929
70$700,590$262,450$175,633$527,413
71$718,994$222,254$128,461$517,411
72$737,605$178,418$78,037$505,812
73$756,389$130,710$24,201$492,496
74$775,312$78,885$0$477,333
75$794,331$22,687$0$465,864
76$813,397$0$0$457,042
77$832,457$0$0$459,623
78$851,447$0$0$469,878
79$870,299$0$0$480,024
80$888,931$0$0$490,016
81$907,254$0$0$499,799
82$925,167$0$0$509,313
83$942,557$0$0$518,492
84$959,296$0$0$527,260
85$975,241$0$0$535,532
86$990,232$0$0$543,215
87$1,004,091$0$0$550,203
88$1,016,619$0$0$556,378
89$1,027,593$0$0$561,610
90$1,036,766$0$0$565,752
91$1,043,862$0$0$568,644
92$1,048,574$0$0$570,103
93$1,050,561$0$0$569,930
94$1,049,444$0$0$567,903
95$1,044,802$0$0$563,773
96$1,036,170$0$0$557,268
97$1,023,027$0$0$548,082
98$1,004,801$0$0$535,880
99$980,855$0$0$520,288
100$950,483$0$0$500,893