Can I retire at age 60 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$42,033$41,658$41,293$40,937$40,588$40,299
2 years$20,808$20,421$20,045$19,681$19,328$19,036
3 years$13,734$13,345$12,971$12,610$12,262$11,977
4 years$10,198$9,810$9,439$9,085$8,746$8,469
5 years$8,077$7,691$7,325$6,978$6,648$6,381
6 years$6,663$6,280$5,920$5,580$5,261$5,004
7 years$5,654$5,274$4,919$4,588$4,278$4,031
8 years$4,897$4,521$4,172$3,849$3,549$3,312
9 years$4,309$3,936$3,593$3,278$2,989$2,762
10 years$3,839$3,470$3,133$2,826$2,547$2,330
11 years$3,454$3,089$2,758$2,459$2,190$1,983
12 years$3,134$2,772$2,448$2,157$1,898$1,701
13 years$2,863$2,505$2,187$1,904$1,655$1,467
14 years$2,631$2,277$1,965$1,691$1,451$1,272
15 years$2,431$2,080$1,774$1,508$1,277$1,107
16 years$2,255$1,909$1,608$1,350$1,129$968
17 years$2,100$1,758$1,464$1,213$1,001$848
18 years$1,963$1,624$1,336$1,093$890$745
19 years$1,840$1,505$1,223$988$793$656
20 years$1,730$1,399$1,123$895$709$579
21 years$1,630$1,303$1,033$812$634$512
22 years$1,540$1,216$952$738$568$453
23 years$1,457$1,138$879$672$510$402
24 years$1,382$1,066$813$613$459$356
25 years$1,312$1,000$753$560$413$316
26 years$1,248$940$698$512$372$281
27 years$1,189$885$648$469$335$250
28 years$1,134$834$603$429$302$223
29 years$1,084$787$561$394$273$199
30 years$1,036$743$522$361$247$177
31 years$992$702$487$332$223$158
32 years$950$664$454$305$202$141
33 years$912$629$424$280$183$126
34 years$875$596$396$258$165$112
35 years$841$566$371$238$150$100
36 years$808$537$347$219$136$89
37 years$778$510$324$202$123$80
38 years$749$485$304$186$111$71
39 years$722$461$285$171$101$64
40 years$696$438$267$158$92$57
41 years$671$417$250$146$83$51
42 years$648$397$235$135$75$46
43 years$626$379$220$124$69$41
44 years$605$361$207$115$62$37
45 years$585$344$194$106$56$33
46 years$565$328$182$98$51$29
47 years$547$313$171$90$47$26
48 years$530$299$161$84$42$23
49 years$513$286$151$77$38$21
50 years$497$273$142$71$35$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $509,000, adding $4,469 every year, while hoping to spend $22,475 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: 31/40/29 Blend
59$509,000$509,000$509,000$509,000
60$565,528$538,551$530,661$577,938
61$599,298$541,027$524,525$590,412
62$635,760$542,870$517,430$601,562
63$675,164$544,028$509,321$613,125
64$717,786$544,440$500,138$625,155
65$763,929$544,046$489,821$637,711
66$813,925$542,780$478,306$650,860
67$868,141$540,572$465,525$664,678
68$926,980$537,348$451,408$679,251
69$990,885$533,031$435,883$694,674
70$1,060,343$527,537$418,873$711,058
71$1,135,889$520,778$400,297$728,523
72$1,218,114$512,660$380,071$747,207
73$1,307,667$503,086$358,108$767,264
74$1,405,261$491,949$334,317$788,867
75$1,511,682$479,139$308,601$812,209
76$1,627,795$464,538$280,861$837,506
77$1,754,553$448,023$250,992$865,000
78$1,893,002$429,461$218,885$894,961
79$2,044,297$408,714$184,427$927,691
80$2,209,708$385,633$147,497$963,526
81$2,390,632$360,064$107,973$1,002,841
82$2,588,611$331,841$65,724$1,046,055
83$2,805,338$300,790$20,615$1,093,633
84$3,042,682$266,727$0$1,146,093
85$3,302,697$229,459$0$1,212,528
86$3,587,648$188,778$0$1,292,425
87$3,900,028$144,468$0$1,380,157
88$4,242,584$96,300$0$1,476,567
89$4,618,340$44,032$0$1,582,586
90$5,030,629$0$0$1,699,244
91$5,483,119$0$0$1,833,223
92$5,979,854$0$0$2,001,660
93$6,525,285$0$0$2,186,693
94$7,124,318$0$0$2,389,997
95$7,782,356$0$0$2,613,416
96$8,505,351$0$0$2,858,982
97$9,299,862$0$0$3,128,934
98$10,173,113$0$0$3,425,739
99$11,133,062$0$0$3,752,115
100$12,188,478$0$0$4,111,054