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%13.4%
1 years$42,033$41,658$41,293$40,937$40,588$40,015
2 years$20,808$20,421$20,045$19,681$19,328$18,751
3 years$13,734$13,345$12,971$12,610$12,262$11,700
4 years$10,198$9,810$9,439$9,085$8,746$8,203
5 years$8,077$7,691$7,325$6,978$6,648$6,126
6 years$6,663$6,280$5,920$5,580$5,261$4,760
7 years$5,654$5,274$4,919$4,588$4,278$3,799
8 years$4,897$4,521$4,172$3,849$3,549$3,091
9 years$4,309$3,936$3,593$3,278$2,989$2,552
10 years$3,839$3,470$3,133$2,826$2,547$2,131
11 years$3,454$3,089$2,758$2,459$2,190$1,795
12 years$3,134$2,772$2,448$2,157$1,898$1,522
13 years$2,863$2,505$2,187$1,904$1,655$1,299
14 years$2,631$2,277$1,965$1,691$1,451$1,113
15 years$2,431$2,080$1,774$1,508$1,277$958
16 years$2,255$1,909$1,608$1,350$1,129$828
17 years$2,100$1,758$1,464$1,213$1,001$717
18 years$1,963$1,624$1,336$1,093$890$622
19 years$1,840$1,505$1,223$988$793$541
20 years$1,730$1,399$1,123$895$709$472
21 years$1,630$1,303$1,033$812$634$412
22 years$1,540$1,216$952$738$568$360
23 years$1,457$1,138$879$672$510$315
24 years$1,382$1,066$813$613$459$276
25 years$1,312$1,000$753$560$413$242
26 years$1,248$940$698$512$372$212
27 years$1,189$885$648$469$335$186
28 years$1,134$834$603$429$302$163
29 years$1,084$787$561$394$273$144
30 years$1,036$743$522$361$247$126
31 years$992$702$487$332$223$111
32 years$950$664$454$305$202$98
33 years$912$629$424$280$183$86
34 years$875$596$396$258$165$76
35 years$841$566$371$238$150$67
36 years$808$537$347$219$136$59
37 years$778$510$324$202$123$52
38 years$749$485$304$186$111$45
39 years$722$461$285$171$101$40
40 years$696$438$267$158$92$35
41 years$671$417$250$146$83$31
42 years$648$397$235$135$75$27
43 years$626$379$220$124$69$24
44 years$605$361$207$115$62$21
45 years$585$344$194$106$56$19
46 years$565$328$182$98$51$17
47 years$547$313$171$90$47$15
48 years$530$299$161$84$42$13
49 years$513$286$151$77$38$11
50 years$497$273$142$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $509,000, adding $2,245 every year, while hoping to spend $42,153 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: 59/32/9 Blend
59$509,000$509,000$509,000$509,000
60$563,234$536,257$528,367$595,177
61$575,833$517,683$501,217$598,329
62$588,305$496,786$471,745$596,793
63$600,591$473,408$439,827$594,081
64$612,628$447,381$405,338$590,080
65$624,342$418,529$368,142$584,674
66$635,651$386,663$328,102$577,732
67$646,464$351,586$285,070$569,115
68$656,678$313,088$238,894$558,672
69$666,179$270,949$189,417$546,241
70$674,838$224,935$136,471$531,642
71$682,512$174,797$79,884$514,686
72$689,043$120,277$19,475$495,164
73$694,253$61,098$0$472,851
74$697,944$0$0$451,823
75$699,898$0$0$430,839
76$699,870$0$0$430,058
77$697,589$0$0$427,788
78$692,756$0$0$423,834
79$685,035$0$0$417,977
80$674,059$0$0$409,976
81$659,415$0$0$399,565
82$640,651$0$0$386,446
83$617,264$0$0$370,292
84$588,696$0$0$350,739
85$554,330$0$0$327,387
86$513,486$0$0$299,790
87$465,407$0$0$267,458
88$409,261$0$0$229,845
89$344,123$0$0$186,352
90$268,975$0$0$136,315
91$182,688$0$0$78,998
92$84,018$0$0$13,592
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0