Can I retire at age 60 with 522,000?

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 $522,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$43,106$42,722$42,348$41,982$41,625$41,432
2 years$21,340$20,942$20,557$20,184$19,821$19,627
3 years$14,085$13,686$13,302$12,932$12,576$12,385
4 years$10,459$10,061$9,680$9,317$8,969$8,784
5 years$8,283$7,888$7,512$7,156$6,818$6,640
6 years$6,833$6,441$6,071$5,723$5,395$5,223
7 years$5,798$5,409$5,045$4,705$4,388$4,222
8 years$5,022$4,637$4,279$3,947$3,640$3,481
9 years$4,419$4,037$3,685$3,362$3,065$2,913
10 years$3,937$3,558$3,213$2,898$2,612$2,466
11 years$3,542$3,168$2,829$2,522$2,246$2,107
12 years$3,214$2,843$2,510$2,212$1,947$1,813
13 years$2,936$2,569$2,243$1,953$1,697$1,570
14 years$2,699$2,336$2,015$1,734$1,488$1,367
15 years$2,493$2,134$1,819$1,546$1,310$1,195
16 years$2,313$1,958$1,650$1,384$1,158$1,048
17 years$2,154$1,803$1,501$1,244$1,027$922
18 years$2,013$1,666$1,370$1,121$913$814
19 years$1,887$1,544$1,254$1,013$814$720
20 years$1,774$1,435$1,151$917$727$638
21 years$1,672$1,336$1,059$833$650$566
22 years$1,579$1,247$976$757$583$504
23 years$1,494$1,167$901$689$523$448
24 years$1,417$1,093$833$629$470$400
25 years$1,346$1,026$772$574$423$357
26 years$1,280$964$716$525$381$319
27 years$1,220$907$665$481$344$285
28 years$1,163$855$618$440$310$255
29 years$1,111$807$575$404$280$228
30 years$1,063$762$536$371$253$204
31 years$1,017$720$499$340$229$183
32 years$975$681$466$313$207$164
33 years$935$645$435$288$187$147
34 years$897$612$406$265$170$132
35 years$862$580$380$244$154$118
36 years$829$551$356$224$139$106
37 years$798$523$333$207$126$96
38 years$768$497$312$191$114$86
39 years$740$473$292$176$104$77
40 years$714$450$274$162$94$69
41 years$688$428$257$150$85$62
42 years$665$408$241$138$77$56
43 years$642$388$226$127$70$50
44 years$620$370$212$118$64$45
45 years$600$353$199$109$58$41
46 years$580$337$187$100$53$37
47 years$561$321$176$93$48$33
48 years$543$307$165$86$43$30
49 years$526$293$155$79$39$27
50 years$510$280$146$73$36$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $522,000, adding $6,989 every year, while hoping to spend $32,269 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: 69/25/6 Blend
59$522,000$522,000$522,000$522,000
60$582,453$554,787$546,696$621,669
61$607,529$547,638$530,677$641,384
62$634,082$539,057$513,039$658,322
63$662,227$528,939$493,694$675,965
64$692,093$517,175$472,551$694,375
65$723,817$503,648$449,513$713,622
66$757,553$488,234$424,479$733,783
67$793,468$470,801$397,343$754,944
68$831,743$451,212$367,995$777,201
69$872,578$429,319$336,320$800,659
70$916,192$404,967$302,198$825,438
71$962,826$377,992$265,503$851,668
72$1,012,741$348,220$226,105$879,497
73$1,066,226$315,468$183,865$909,086
74$1,123,597$279,543$138,641$940,617
75$1,185,202$240,238$90,283$974,291
76$1,251,421$197,338$38,636$1,010,331
77$1,322,672$150,614$0$1,048,984
78$1,399,414$99,824$0$1,091,582
79$1,482,152$44,713$0$1,140,082
80$1,571,439$0$0$1,192,360
81$1,667,883$0$0$1,252,927
82$1,772,154$0$0$1,331,731
83$1,884,986$0$0$1,417,029
84$2,007,187$0$0$1,509,435
85$2,139,646$0$0$1,609,625
86$2,283,338$0$0$1,718,341
87$2,439,339$0$0$1,836,398
88$2,608,830$0$0$1,964,695
89$2,793,110$0$0$2,104,219
90$2,993,609$0$0$2,256,057
91$3,211,901$0$0$2,421,405
92$3,449,716$0$0$2,601,577
93$3,708,960$0$0$2,798,023
94$3,991,728$0$0$3,012,336
95$4,300,330$0$0$3,246,269
96$4,637,304$0$0$3,501,754
97$5,005,448$0$0$3,780,915
98$5,407,839$0$0$4,086,094
99$5,847,866$0$0$4,419,866
100$6,329,262$0$0$4,785,067