Can I retire at age 60 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$40,629$40,267$39,914$39,569$39,233$38,937
2 years$20,113$19,739$19,376$19,024$18,682$18,384
3 years$13,276$12,899$12,537$12,189$11,853$11,561
4 years$9,858$9,482$9,124$8,781$8,454$8,171
5 years$7,807$7,434$7,081$6,745$6,426$6,153
6 years$6,441$6,071$5,722$5,394$5,085$4,822
7 years$5,465$5,098$4,755$4,435$4,135$3,883
8 years$4,734$4,370$4,033$3,720$3,431$3,189
9 years$4,165$3,805$3,473$3,169$2,889$2,658
10 years$3,710$3,354$3,028$2,731$2,462$2,240
11 years$3,339$2,986$2,666$2,377$2,117$1,906
12 years$3,029$2,680$2,366$2,085$1,835$1,633
13 years$2,768$2,422$2,114$1,841$1,600$1,408
14 years$2,543$2,201$1,899$1,634$1,402$1,220
15 years$2,349$2,011$1,715$1,457$1,235$1,061
16 years$2,180$1,845$1,555$1,305$1,091$927
17 years$2,030$1,699$1,415$1,172$968$812
18 years$1,897$1,570$1,291$1,057$860$713
19 years$1,779$1,455$1,182$955$767$627
20 years$1,672$1,352$1,085$865$685$553
21 years$1,576$1,260$998$785$613$488
22 years$1,488$1,176$920$714$549$432
23 years$1,409$1,100$849$650$493$383
24 years$1,336$1,030$785$593$443$339
25 years$1,268$967$727$541$399$301
26 years$1,207$909$675$495$359$268
27 years$1,150$855$627$453$324$238
28 years$1,097$806$582$415$292$212
29 years$1,047$760$542$381$264$188
30 years$1,001$718$505$349$239$168
31 years$959$679$471$321$216$149
32 years$919$642$439$295$195$133
33 years$881$608$410$271$177$119
34 years$846$576$383$249$160$106
35 years$813$547$358$230$145$95
36 years$781$519$335$211$131$84
37 years$752$493$314$195$119$75
38 years$724$468$294$180$108$67
39 years$698$445$275$166$98$60
40 years$673$424$258$153$89$54
41 years$649$403$242$141$80$48
42 years$626$384$227$130$73$43
43 years$605$366$213$120$66$38
44 years$585$349$200$111$60$34
45 years$565$333$188$102$55$31
46 years$547$317$176$95$50$27
47 years$529$303$166$87$45$24
48 years$512$289$156$81$41$22
49 years$496$276$146$75$37$20
50 years$480$264$137$69$34$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $492,000, adding $4,799 every year, while hoping to spend $24,106 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$492,000$492,000$492,000$492,000
60$547,134$521,058$513,432$565,036
61$577,293$520,941$504,984$578,174
62$609,721$520,011$495,444$589,681
63$644,622$518,202$484,751$601,581
64$682,224$515,444$472,841$613,924
65$722,775$511,664$459,645$626,761
66$766,547$506,785$445,092$640,156
67$813,840$500,723$429,108$654,175
68$864,985$493,391$411,616$668,897
69$920,342$484,696$392,534$684,411
70$980,310$474,539$371,777$700,815
71$1,045,326$462,817$349,257$718,222
72$1,115,873$449,418$324,880$736,758
73$1,192,479$434,227$298,551$756,563
74$1,275,727$417,119$270,167$777,798
75$1,366,257$397,963$239,623$800,641
76$1,464,773$376,622$206,809$825,291
77$1,572,052$352,948$171,609$851,972
78$1,688,946$326,788$133,903$880,936
79$1,816,395$297,977$93,565$912,462
80$1,955,432$266,342$50,463$946,863
81$2,107,193$231,700$4,462$984,489
82$2,272,932$193,859$0$1,025,730
83$2,454,027$152,613$0$1,077,212
84$2,651,995$107,749$0$1,134,292
85$2,868,507$59,037$0$1,196,912
86$3,105,403$6,238$0$1,265,695
87$3,364,708$0$0$1,341,335
88$3,648,652$0$0$1,452,606
89$3,959,691$0$0$1,578,324
90$4,300,532$0$0$1,716,158
91$4,674,152$0$0$1,867,322
92$5,083,833$0$0$2,033,152
93$5,533,188$0$0$2,215,120
94$6,026,198$0$0$2,414,849
95$6,567,247$0$0$2,634,125
96$7,161,163$0$0$2,874,915
97$7,813,267$0$0$3,139,387
98$8,529,417$0$0$3,429,929
99$9,316,070$0$0$3,749,171
100$10,180,336$0$0$4,100,012