Can I retire at age 60 with 499,000?

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 $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%17%
1 years$41,207$40,840$40,482$40,132$39,791$38,657
2 years$20,399$20,020$19,651$19,294$18,948$17,814
3 years$13,465$13,083$12,716$12,362$12,021$10,923
4 years$9,998$9,617$9,254$8,906$8,574$7,520
5 years$7,918$7,540$7,181$6,841$6,518$5,511
6 years$6,532$6,157$5,804$5,471$5,157$4,199
7 years$5,543$5,171$4,823$4,498$4,194$3,284
8 years$4,801$4,432$4,090$3,773$3,479$2,617
9 years$4,224$3,859$3,523$3,214$2,930$2,114
10 years$3,763$3,402$3,071$2,770$2,497$1,726
11 years$3,386$3,028$2,704$2,411$2,147$1,421
12 years$3,072$2,718$2,400$2,115$1,861$1,178
13 years$2,807$2,456$2,144$1,867$1,623$981
14 years$2,580$2,233$1,926$1,657$1,422$821
15 years$2,383$2,040$1,739$1,478$1,252$689
16 years$2,211$1,871$1,577$1,323$1,107$580
17 years$2,059$1,723$1,435$1,189$981$489
18 years$1,924$1,592$1,310$1,072$873$414
19 years$1,804$1,476$1,199$968$778$351
20 years$1,696$1,371$1,100$877$695$297
21 years$1,598$1,277$1,012$796$622$252
22 years$1,509$1,192$933$724$557$215
23 years$1,429$1,115$861$659$500$183
24 years$1,355$1,045$797$601$450$155
25 years$1,286$981$738$549$405$132
26 years$1,224$922$684$502$364$113
27 years$1,166$867$635$459$329$96
28 years$1,112$817$591$421$296$82
29 years$1,062$771$550$386$268$70
30 years$1,016$728$512$354$242$60
31 years$972$688$477$325$219$51
32 years$932$651$445$299$198$44
33 years$894$617$416$275$179$37
34 years$858$585$389$253$162$32
35 years$824$554$363$233$147$27
36 years$793$526$340$214$133$23
37 years$763$500$318$198$121$20
38 years$734$475$298$182$109$17
39 years$708$452$279$168$99$14
40 years$682$430$262$155$90$12
41 years$658$409$245$143$82$11
42 years$635$390$230$132$74$9
43 years$614$371$216$122$67$8
44 years$593$354$203$112$61$7
45 years$573$337$190$104$55$6
46 years$554$322$179$96$50$5
47 years$536$307$168$89$46$4
48 years$519$293$158$82$41$4
49 years$503$280$148$76$38$3
50 years$487$268$139$70$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $499,000, adding $5,892 every year, while hoping to spend $33,293 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: 72/18/10 Blend
59$499,000$499,000$499,000$499,000
60$555,976$529,529$521,794$594,526
61$577,262$520,052$503,851$611,324
62$599,603$508,995$484,190$625,027
63$623,072$496,246$462,720$639,120
64$647,748$481,684$439,344$653,635
65$673,716$465,184$413,960$668,605
66$701,070$446,613$386,462$684,068
67$729,910$425,829$356,740$700,067
68$760,349$402,682$324,678$716,649
69$792,505$377,014$290,156$733,867
70$826,512$348,659$253,047$751,783
71$862,512$317,439$213,220$770,462
72$900,663$283,168$170,538$789,980
73$941,135$245,648$124,856$810,421
74$984,117$204,671$76,024$831,879
75$1,029,813$160,016$23,887$854,459
76$1,078,447$111,450$0$878,278
77$1,130,265$58,727$0$906,854
78$1,185,536$1,589$0$939,887
79$1,244,554$0$0$975,006
80$1,307,642$0$0$1,024,345
81$1,375,153$0$0$1,077,495
82$1,447,475$0$0$1,134,450
83$1,525,034$0$0$1,195,547
84$1,608,297$0$0$1,261,155
85$1,697,775$0$0$1,331,680
86$1,794,031$0$0$1,407,568
87$1,897,683$0$0$1,489,309
88$2,009,407$0$0$1,577,439
89$2,129,950$0$0$1,672,550
90$2,260,129$0$0$1,775,290
91$2,400,843$0$0$1,886,372
92$2,553,080$0$0$2,006,579
93$2,717,928$0$0$2,136,772
94$2,896,579$0$0$2,277,900
95$3,090,348$0$0$2,431,002
96$3,300,678$0$0$2,597,225
97$3,529,158$0$0$2,777,828
98$3,777,535$0$0$2,974,196
99$4,047,731$0$0$3,187,854
100$4,341,862$0$0$3,420,480