Can I retire at age 60 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$39,721$39,367$39,022$38,685$38,356$37,955
2 years$19,664$19,297$18,942$18,598$18,265$17,861
3 years$12,979$12,611$12,257$11,916$11,588$11,194
4 years$9,637$9,270$8,920$8,585$8,265$7,884
5 years$7,633$7,268$6,922$6,594$6,283$5,915
6 years$6,297$5,935$5,594$5,273$4,971$4,618
7 years$5,343$4,984$4,649$4,335$4,043$3,705
8 years$4,628$4,272$3,943$3,637$3,354$3,030
9 years$4,072$3,720$3,396$3,098$2,825$2,515
10 years$3,628$3,279$2,960$2,670$2,407$2,111
11 years$3,264$2,919$2,606$2,324$2,070$1,788
12 years$2,962$2,620$2,313$2,038$1,794$1,526
13 years$2,706$2,368$2,067$1,800$1,564$1,309
14 years$2,487$2,152$1,857$1,598$1,371$1,129
15 years$2,297$1,966$1,676$1,425$1,207$978
16 years$2,131$1,804$1,520$1,276$1,067$850
17 years$1,985$1,661$1,383$1,146$946$741
18 years$1,855$1,535$1,263$1,033$841$647
19 years$1,739$1,423$1,156$933$750$567
20 years$1,635$1,322$1,061$845$670$497
21 years$1,541$1,231$976$767$599$437
22 years$1,455$1,149$899$698$537$384
23 years$1,377$1,075$830$635$482$339
24 years$1,306$1,007$768$579$433$299
25 years$1,240$945$711$529$390$264
26 years$1,180$888$660$484$351$233
27 years$1,124$836$613$443$317$206
28 years$1,072$788$569$406$286$182
29 years$1,024$743$530$372$258$161
30 years$979$702$494$341$233$143
31 years$937$664$460$314$211$126
32 years$898$628$429$288$191$112
33 years$861$595$401$265$173$99
34 years$827$564$375$244$156$88
35 years$794$534$350$224$142$78
36 years$764$507$328$207$128$69
37 years$735$482$307$190$116$62
38 years$708$458$287$176$105$55
39 years$682$435$269$162$96$48
40 years$658$414$252$149$87$43
41 years$634$394$236$138$79$38
42 years$612$376$222$127$71$34
43 years$591$358$208$117$65$30
44 years$571$341$195$108$59$27
45 years$552$325$183$100$53$24
46 years$534$310$172$92$48$21
47 years$517$296$162$85$44$19
48 years$501$283$152$79$40$17
49 years$485$270$143$73$36$15
50 years$470$258$134$67$33$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $481,000, adding $3,012 every year, while hoping to spend $26,619 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: 37/50/13 Blend
59$481,000$481,000$481,000$481,000
60$533,169$507,676$500,220$550,670
61$559,230$504,230$488,655$560,028
62$587,057$499,722$475,811$567,344
63$616,802$494,074$461,616$574,664
64$648,631$487,199$445,996$582,001
65$682,728$479,009$428,873$589,372
66$719,293$469,407$410,167$596,799
67$758,546$458,293$389,793$604,307
68$800,728$445,560$367,661$611,926
69$846,105$431,094$343,680$619,692
70$894,966$414,776$317,752$627,648
71$947,631$396,479$289,775$635,845
72$1,004,452$376,069$259,645$644,341
73$1,065,814$353,404$227,251$653,205
74$1,132,140$328,334$192,477$662,513
75$1,203,897$300,701$155,203$672,359
76$1,281,595$270,336$115,303$682,844
77$1,365,798$237,063$72,646$694,088
78$1,457,124$200,694$27,095$706,227
79$1,556,254$161,031$0$719,416
80$1,663,936$117,866$0$736,814
81$1,780,993$70,977$0$759,841
82$1,908,332$20,132$0$784,981
83$2,046,947$0$0$812,512
84$2,197,937$0$0$861,954
85$2,362,506$0$0$927,978
86$2,541,984$0$0$1,000,046
87$2,737,831$0$0$1,078,753
88$2,951,656$0$0$1,164,755
89$3,185,231$0$0$1,258,772
90$3,440,504$0$0$1,361,597
91$3,719,621$0$0$1,474,106
92$4,024,947$0$0$1,597,260
93$4,359,082$0$0$1,732,118
94$4,724,893$0$0$1,879,848
95$5,125,533$0$0$2,041,735
96$5,564,478$0$0$2,219,193
97$6,045,553$0$0$2,413,783
98$6,572,974$0$0$2,627,219
99$7,151,380$0$0$2,861,394
100$7,785,885$0$0$3,118,390