Can I retire at age 60 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$42,115$41,740$41,374$41,017$40,668$40,327
2 years$20,849$20,461$20,085$19,720$19,366$19,022
3 years$13,761$13,371$12,996$12,635$12,286$11,951
4 years$10,218$9,829$9,458$9,103$8,763$8,438
5 years$8,093$7,706$7,340$6,992$6,661$6,348
6 years$6,676$6,293$5,932$5,591$5,271$4,969
7 years$5,665$5,285$4,929$4,597$4,287$3,997
8 years$4,907$4,530$4,180$3,856$3,556$3,279
9 years$4,317$3,944$3,600$3,285$2,995$2,729
10 years$3,846$3,477$3,139$2,831$2,552$2,298
11 years$3,461$3,095$2,764$2,464$2,195$1,952
12 years$3,140$2,778$2,453$2,161$1,902$1,671
13 years$2,869$2,510$2,191$1,908$1,658$1,439
14 years$2,637$2,282$1,969$1,694$1,454$1,245
15 years$2,435$2,085$1,778$1,511$1,280$1,082
16 years$2,259$1,913$1,612$1,353$1,131$943
17 years$2,104$1,761$1,466$1,215$1,003$825
18 years$1,967$1,628$1,339$1,095$892$723
19 years$1,844$1,508$1,226$990$795$636
20 years$1,733$1,402$1,125$896$710$560
21 years$1,633$1,306$1,035$813$635$494
22 years$1,543$1,219$953$740$570$436
23 years$1,460$1,140$880$674$511$386
24 years$1,384$1,068$814$614$460$341
25 years$1,315$1,002$754$561$414$302
26 years$1,251$942$699$513$372$268
27 years$1,192$887$649$470$336$238
28 years$1,137$835$604$430$303$211
29 years$1,086$788$562$395$274$188
30 years$1,038$744$523$362$247$167
31 years$994$704$488$333$224$149
32 years$952$666$455$306$202$132
33 years$913$630$425$281$183$118
34 years$877$598$397$259$166$105
35 years$842$567$371$238$150$93
36 years$810$538$347$219$136$83
37 years$779$511$325$202$123$74
38 years$751$486$304$186$112$66
39 years$723$462$285$172$101$59
40 years$697$439$267$158$92$53
41 years$673$418$251$146$83$47
42 years$649$398$235$135$76$42
43 years$627$379$221$124$69$37
44 years$606$362$207$115$62$33
45 years$586$345$194$106$57$30
46 years$567$329$183$98$51$26
47 years$548$314$172$91$47$24
48 years$531$300$161$84$42$21
49 years$514$286$152$77$38$19
50 years$498$273$143$71$35$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $510,000, adding $6,827 every year, while hoping to spend $26,619 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: 78/16/6 Blend
59$510,000$510,000$510,000$510,000
60$569,062$542,032$534,127$612,609
61$598,784$540,269$523,698$640,376
62$630,645$537,528$512,027$666,659
63$664,836$533,732$499,045$694,688
64$701,566$528,801$484,679$724,626
65$741,062$522,649$468,853$756,649
66$783,577$515,185$451,486$790,954
67$829,387$506,314$432,496$827,757
68$878,795$495,934$411,795$867,296
69$932,134$483,937$389,292$909,834
70$989,770$470,208$364,892$955,661
71$1,052,106$454,627$338,495$1,005,096
72$1,119,583$437,067$309,997$1,058,491
73$1,192,688$417,391$279,289$1,116,235
74$1,271,955$395,456$246,259$1,178,756
75$1,357,973$371,111$210,786$1,246,527
76$1,451,387$344,197$172,749$1,320,069
77$1,552,909$314,542$132,016$1,399,957
78$1,663,320$281,970$88,453$1,486,825
79$1,783,482$246,290$41,920$1,581,372
80$1,914,342$207,302$0$1,684,370
81$2,056,940$164,796$0$1,797,166
82$2,212,425$118,548$0$1,923,098
83$2,382,058$68,322$0$2,060,525
84$2,567,229$13,871$0$2,210,599
85$2,769,466$0$0$2,374,592
86$2,990,454$0$0$2,561,838
87$3,232,045$0$0$2,769,228
88$3,496,280$0$0$2,996,073
89$3,785,406$0$0$3,244,305
90$4,101,897$0$0$3,516,049
91$4,448,477$0$0$3,813,647
92$4,828,146$0$0$4,139,678
93$5,244,207$0$0$4,496,980
94$5,700,300$0$0$4,888,681
95$6,200,432$0$0$5,318,226
96$6,749,016$0$0$5,789,407
97$7,350,915$0$0$6,306,404
98$8,011,482$0$0$6,873,819
99$8,736,617$0$0$7,496,720
100$9,532,816$0$0$8,180,694