Can I retire at age 60 with 521,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$43,024$42,640$42,267$41,902$41,545$40,992
2 years$21,299$20,902$20,518$20,145$19,783$19,227
3 years$14,058$13,660$13,276$12,907$12,551$12,009
4 years$10,439$10,041$9,662$9,299$8,952$8,428
5 years$8,267$7,873$7,498$7,142$6,805$6,301
6 years$6,820$6,429$6,059$5,712$5,385$4,901
7 years$5,787$5,399$5,035$4,696$4,379$3,916
8 years$5,013$4,628$4,270$3,939$3,633$3,190
9 years$4,411$4,029$3,678$3,355$3,059$2,637
10 years$3,929$3,552$3,207$2,892$2,607$2,204
11 years$3,536$3,162$2,823$2,517$2,242$1,859
12 years$3,208$2,838$2,505$2,208$1,943$1,579
13 years$2,931$2,565$2,238$1,949$1,694$1,349
14 years$2,693$2,331$2,011$1,730$1,485$1,158
15 years$2,488$2,130$1,816$1,543$1,308$998
16 years$2,308$1,954$1,646$1,382$1,156$863
17 years$2,150$1,799$1,498$1,242$1,025$748
18 years$2,009$1,663$1,368$1,119$911$651
19 years$1,884$1,541$1,252$1,011$812$567
20 years$1,771$1,432$1,149$916$725$495
21 years$1,669$1,334$1,057$831$649$432
22 years$1,576$1,245$974$756$582$378
23 years$1,492$1,164$899$688$522$332
24 years$1,414$1,091$832$628$469$291
25 years$1,343$1,024$770$573$422$255
26 years$1,278$962$714$524$381$224
27 years$1,217$906$663$480$343$197
28 years$1,161$853$617$440$310$173
29 years$1,109$805$574$403$280$153
30 years$1,061$760$535$370$253$134
31 years$1,015$719$498$340$228$118
32 years$973$680$465$312$207$104
33 years$933$644$434$287$187$92
34 years$896$610$406$264$169$81
35 years$861$579$379$243$153$72
36 years$827$550$355$224$139$63
37 years$796$522$332$206$126$56
38 years$767$496$311$190$114$49
39 years$739$472$291$175$103$43
40 years$712$449$273$162$94$38
41 years$687$427$256$149$85$34
42 years$663$407$240$138$77$30
43 years$641$388$225$127$70$26
44 years$619$369$212$117$64$23
45 years$598$352$199$108$58$21
46 years$579$336$187$100$52$18
47 years$560$321$175$93$48$16
48 years$542$306$165$85$43$14
49 years$525$292$155$79$39$12
50 years$509$279$146$73$36$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $521,000, adding $2,022 every year, while hoping to spend $28,072 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: 39/36/25 Blend
59$521,000$521,000$521,000$521,000
60$576,228$548,615$540,539$594,355
61$605,135$545,628$528,779$604,714
62$636,049$541,555$515,684$613,141
63$669,146$536,311$501,179$621,702
64$704,618$529,810$485,188$630,426
65$742,676$521,957$467,629$639,347
66$783,551$512,655$448,416$648,507
67$827,495$501,797$427,460$657,952
68$874,790$489,275$404,670$667,735
69$925,739$474,970$379,947$677,919
70$980,679$458,758$353,190$688,575
71$1,039,979$440,508$324,292$699,785
72$1,104,045$420,081$293,144$711,641
73$1,173,322$397,330$259,629$724,251
74$1,248,300$372,099$223,626$737,734
75$1,329,518$344,223$185,009$752,228
76$1,417,568$313,529$143,646$767,888
77$1,513,101$279,833$99,399$784,887
78$1,616,833$242,940$52,125$803,424
79$1,729,552$202,646$1,672$823,720
80$1,852,123$158,733$0$846,027
81$1,985,501$110,972$0$884,540
82$2,130,734$59,121$0$927,041
83$2,288,976$2,925$0$973,481
84$2,461,497$0$0$1,024,304
85$2,649,695$0$0$1,102,934
86$2,855,109$0$0$1,190,087
87$3,079,433$0$0$1,285,332
88$3,324,530$0$0$1,389,468
89$3,592,453$0$0$1,503,377
90$3,885,463$0$0$1,628,028
91$4,206,046$0$0$1,764,490
92$4,556,944$0$0$1,913,938
93$4,941,172$0$0$2,077,669
94$5,362,053$0$0$2,257,107
95$5,823,246$0$0$2,453,826
96$6,328,780$0$0$2,669,554
97$6,883,092$0$0$2,906,198
98$7,491,071$0$0$3,165,857
99$8,158,100$0$0$3,450,842
100$8,890,108$0$0$3,763,702