Can I retire at age 60 with 499,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$41,207$40,840$40,482$40,132$39,791$39,019
2 years$20,399$20,020$19,651$19,294$18,948$18,174
3 years$13,465$13,083$12,716$12,362$12,021$11,269
4 years$9,998$9,617$9,254$8,906$8,574$7,848
5 years$7,918$7,540$7,181$6,841$6,518$5,822
6 years$6,532$6,157$5,804$5,471$5,157$4,491
7 years$5,543$5,171$4,823$4,498$4,194$3,559
8 years$4,801$4,432$4,090$3,773$3,479$2,874
9 years$4,224$3,859$3,523$3,214$2,930$2,354
10 years$3,763$3,402$3,071$2,770$2,497$1,950
11 years$3,386$3,028$2,704$2,411$2,147$1,629
12 years$3,072$2,718$2,400$2,115$1,861$1,371
13 years$2,807$2,456$2,144$1,867$1,623$1,159
14 years$2,580$2,233$1,926$1,657$1,422$985
15 years$2,383$2,040$1,739$1,478$1,252$840
16 years$2,211$1,871$1,577$1,323$1,107$719
17 years$2,059$1,723$1,435$1,189$981$617
18 years$1,924$1,592$1,310$1,072$873$531
19 years$1,804$1,476$1,199$968$778$457
20 years$1,696$1,371$1,100$877$695$395
21 years$1,598$1,277$1,012$796$622$341
22 years$1,509$1,192$933$724$557$295
23 years$1,429$1,115$861$659$500$256
24 years$1,355$1,045$797$601$450$222
25 years$1,286$981$738$549$405$192
26 years$1,224$922$684$502$364$167
27 years$1,166$867$635$459$329$145
28 years$1,112$817$591$421$296$126
29 years$1,062$771$550$386$268$110
30 years$1,016$728$512$354$242$95
31 years$972$688$477$325$219$83
32 years$932$651$445$299$198$72
33 years$894$617$416$275$179$63
34 years$858$585$389$253$162$55
35 years$824$554$363$233$147$48
36 years$793$526$340$214$133$41
37 years$763$500$318$198$121$36
38 years$734$475$298$182$109$31
39 years$708$452$279$168$99$27
40 years$682$430$262$155$90$24
41 years$658$409$245$143$82$21
42 years$635$390$230$132$74$18
43 years$614$371$216$122$67$16
44 years$593$354$203$112$61$14
45 years$573$337$190$104$55$12
46 years$554$322$179$96$50$10
47 years$536$307$168$89$46$9
48 years$519$293$158$82$41$8
49 years$503$280$148$76$38$7
50 years$487$268$139$70$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $499,000, adding $5,833 every year, while hoping to spend $39,588 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: 38/41/21 Blend
59$499,000$499,000$499,000$499,000
60$555,915$529,468$521,733$573,352
61$570,497$513,290$497,090$570,323
62$585,239$494,993$470,294$562,899
63$600,117$474,431$441,232$554,069
64$615,100$451,450$409,785$543,727
65$630,156$425,886$375,828$531,763
66$645,245$397,568$339,232$518,059
67$660,324$366,313$299,860$502,487
68$675,343$331,928$257,571$484,915
69$690,245$294,209$212,217$465,198
70$704,966$252,942$163,643$443,184
71$719,435$207,899$111,687$418,710
72$733,571$158,839$56,182$391,603
73$747,283$105,510$0$361,676
74$760,468$47,642$0$329,415
75$773,012$0$0$307,406
76$784,787$0$0$289,652
77$795,650$0$0$292,974
78$805,443$0$0$295,808
79$813,986$0$0$298,079
80$821,082$0$0$299,702
81$826,510$0$0$300,585
82$830,024$0$0$300,623
83$831,352$0$0$299,700
84$830,190$0$0$297,687
85$826,202$0$0$294,444
86$819,015$0$0$289,810
87$808,213$0$0$283,612
88$793,338$0$0$275,656
89$773,879$0$0$265,726
90$749,275$0$0$253,585
91$718,899$0$0$238,969
92$682,060$0$0$221,587
93$637,994$0$0$201,116
94$585,854$0$0$177,201
95$524,703$0$0$149,448
96$453,505$0$0$117,419
97$371,117$0$0$80,635
98$276,274$0$0$38,563
99$167,576$0$0$0
100$43,479$0$0$0