Can I retire at age 60 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$42,941$42,559$42,185$41,821$41,466$40,414
2 years$21,258$20,862$20,478$20,106$19,745$18,693
3 years$14,031$13,634$13,251$12,882$12,527$11,507
4 years$10,419$10,022$9,643$9,281$8,935$7,954
5 years$8,251$7,857$7,484$7,129$6,792$5,853
6 years$6,807$6,416$6,048$5,701$5,374$4,479
7 years$5,776$5,388$5,026$4,687$4,371$3,519
8 years$5,003$4,619$4,262$3,932$3,626$2,817
9 years$4,402$4,021$3,671$3,349$3,054$2,287
10 years$3,922$3,545$3,201$2,887$2,602$1,877
11 years$3,529$3,156$2,818$2,512$2,238$1,553
12 years$3,202$2,832$2,501$2,204$1,939$1,294
13 years$2,925$2,560$2,234$1,946$1,691$1,084
14 years$2,688$2,327$2,007$1,727$1,482$912
15 years$2,483$2,125$1,812$1,540$1,305$770
16 years$2,304$1,950$1,643$1,379$1,153$652
17 years$2,146$1,796$1,495$1,239$1,023$553
18 years$2,005$1,660$1,365$1,117$909$470
19 years$1,880$1,538$1,250$1,009$811$401
20 years$1,767$1,429$1,147$914$724$342
21 years$1,665$1,331$1,055$829$648$292
22 years$1,573$1,243$972$754$581$250
23 years$1,489$1,162$898$687$521$214
24 years$1,412$1,089$830$626$469$183
25 years$1,341$1,022$769$572$422$157
26 years$1,275$960$713$523$380$135
27 years$1,215$904$662$479$342$116
28 years$1,159$852$616$439$309$99
29 years$1,107$804$573$402$279$85
30 years$1,058$759$534$369$252$73
31 years$1,013$717$497$339$228$63
32 years$971$679$464$312$206$54
33 years$931$643$433$287$187$46
34 years$894$609$405$264$169$40
35 years$859$578$379$243$153$34
36 years$826$548$354$224$139$30
37 years$795$521$331$206$126$25
38 years$765$495$310$190$114$22
39 years$737$471$291$175$103$19
40 years$711$448$273$161$94$16
41 years$686$426$256$149$85$14
42 years$662$406$240$137$77$12
43 years$639$387$225$127$70$10
44 years$618$369$211$117$64$9
45 years$597$352$198$108$58$8
46 years$578$335$186$100$52$7
47 years$559$320$175$92$48$6
48 years$541$306$164$85$43$5
49 years$524$292$155$79$39$4
50 years$508$279$145$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $520,000, adding $2,031 every year, while hoping to spend $33,732 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: 47/34/19 Blend
59$520,000$520,000$520,000$520,000
60$575,135$547,575$539,515$598,977
61$597,908$538,516$521,698$606,738
62$621,874$527,882$502,154$611,600
63$647,117$515,561$480,789$616,168
64$673,733$501,433$457,505$620,428
65$701,823$485,372$432,200$624,367
66$731,498$467,244$404,768$627,976
67$762,880$446,908$375,097$631,244
68$796,101$424,214$343,070$634,164
69$831,305$399,003$308,565$636,730
70$868,652$371,108$271,456$638,940
71$908,314$340,351$231,608$640,794
72$950,479$306,545$188,885$642,296
73$995,355$269,493$143,139$643,455
74$1,043,168$228,985$94,221$644,282
75$1,094,166$184,801$41,973$644,797
76$1,148,621$136,705$0$645,025
77$1,206,830$84,453$0$647,794
78$1,269,119$27,784$0$659,611
79$1,335,846$0$0$672,047
80$1,407,403$0$0$697,762
81$1,484,222$0$0$736,567
82$1,566,773$0$0$778,310
83$1,655,577$0$0$823,260
84$1,751,201$0$0$871,709
85$1,854,272$0$0$923,982
86$1,965,477$0$0$980,432
87$2,085,570$0$0$1,041,449
88$2,215,380$0$0$1,107,462
89$2,355,818$0$0$1,178,942
90$2,507,887$0$0$1,256,406
91$2,672,688$0$0$1,340,423
92$2,851,433$0$0$1,431,620
93$3,045,452$0$0$1,530,685
94$3,256,211$0$0$1,638,375
95$3,485,322$0$0$1,755,524
96$3,734,556$0$0$1,883,048
97$4,005,865$0$0$2,021,956
98$4,301,395$0$0$2,173,359
99$4,623,507$0$0$2,338,476
100$4,974,800$0$0$2,518,654