How much do I need to retire at 60?

Retiring earlier usually means your money must last longer. Start with an income goal, then estimate a target portfolio using a withdrawal rate.

Use the Retirement Calculator

Start with an income goal

Pick a yearly spending target (e.g. $40k, $60k, $80k). Then choose a withdrawal rate (e.g. 3–4%).

Why earlier retirement costs more

Use conservative assumptions first

Run one conservative plan (lower returns, 3% withdrawal) and one mid plan (mid returns, 4% withdrawal). Compare the targets and decide what’s realistic.

FAQ

Is retiring at 60 realistic?

It can be, but it usually requires either higher savings, lower spending, or both.

Should I use 3% or 4%?

3% is more conservative. 4% is a common rule of thumb. Use the calculator to compare.

Does this include pensions/super/social security?

No. If you have guaranteed income later, you can subtract that from what your portfolio needs to provide.

What if my target is too high?

Try lowering spending, retiring later, or increasing contributions. Small changes can help a lot.

Where can I learn more about compounding?

See /how-compound-interest-works.html.

Related links

Try another calculator