Can I retire at age 60 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$43,189$42,804$42,429$42,062$41,705$41,442
2 years$21,381$20,982$20,597$20,222$19,859$19,594
3 years$14,112$13,712$13,327$12,957$12,600$12,340
4 years$10,479$10,080$9,699$9,335$8,986$8,735
5 years$8,299$7,903$7,527$7,170$6,831$6,589
6 years$6,847$6,453$6,083$5,734$5,405$5,172
7 years$5,809$5,419$5,055$4,714$4,396$4,171
8 years$5,032$4,645$4,287$3,954$3,647$3,431
9 years$4,428$4,045$3,692$3,368$3,071$2,865
10 years$3,944$3,565$3,219$2,904$2,617$2,419
11 years$3,549$3,174$2,834$2,527$2,251$2,062
12 years$3,220$2,849$2,515$2,216$1,950$1,770
13 years$2,942$2,574$2,247$1,957$1,701$1,529
14 years$2,704$2,340$2,019$1,737$1,491$1,327
15 years$2,497$2,138$1,823$1,549$1,313$1,157
16 years$2,317$1,961$1,653$1,387$1,160$1,013
17 years$2,158$1,806$1,504$1,246$1,029$889
18 years$2,017$1,669$1,373$1,123$915$782
19 years$1,891$1,547$1,257$1,015$815$690
20 years$1,778$1,437$1,153$919$728$609
21 years$1,675$1,339$1,061$834$652$539
22 years$1,582$1,250$978$758$584$478
23 years$1,497$1,169$903$691$524$424
24 years$1,420$1,095$835$630$471$377
25 years$1,348$1,028$773$575$424$336
26 years$1,283$966$717$526$382$299
27 years$1,222$909$666$482$344$266
28 years$1,166$857$619$441$311$237
29 years$1,113$808$576$405$281$212
30 years$1,065$763$537$371$254$189
31 years$1,019$721$500$341$229$169
32 years$977$683$467$313$207$151
33 years$937$646$436$288$188$135
34 years$899$613$407$265$170$121
35 years$864$581$381$244$154$108
36 years$831$552$356$225$139$97
37 years$799$524$333$207$126$86
38 years$770$498$312$191$115$77
39 years$742$473$292$176$104$69
40 years$715$450$274$162$94$62
41 years$690$429$257$150$85$56
42 years$666$408$241$138$78$50
43 years$643$389$226$128$70$45
44 years$621$371$212$118$64$40
45 years$601$354$199$109$58$36
46 years$581$337$187$101$53$32
47 years$562$322$176$93$48$29
48 years$544$307$165$86$43$26
49 years$527$294$155$79$39$23
50 years$511$280$146$73$36$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $523,000, adding $6,705 every year, while hoping to spend $35,653 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: 59/26/15 Blend
59$523,000$523,000$523,000$523,000
60$583,262$555,543$547,437$615,072
61$604,820$544,830$527,841$626,625
62$627,383$532,398$506,395$634,672
63$651,014$518,123$482,997$642,612
64$675,784$501,878$457,544$650,439
65$701,769$483,525$429,927$658,149
66$729,051$462,920$400,031$665,739
67$757,722$439,910$367,739$673,207
68$787,877$414,333$332,926$680,553
69$819,623$386,018$295,462$687,779
70$853,076$354,785$255,212$694,890
71$888,362$320,441$212,033$701,895
72$925,617$282,785$165,779$708,804
73$964,992$241,603$116,294$715,632
74$1,006,649$196,670$63,418$722,399
75$1,050,767$147,746$6,982$729,131
76$1,097,540$94,581$0$735,857
77$1,147,182$36,907$0$751,138
78$1,199,924$0$0$768,243
79$1,256,021$0$0$793,448
80$1,315,752$0$0$831,554
81$1,379,421$0$0$872,197
82$1,447,363$0$0$915,594
83$1,519,943$0$0$961,982
84$1,597,561$0$0$1,011,621
85$1,680,659$0$0$1,064,796
86$1,769,717$0$0$1,121,820
87$1,865,264$0$0$1,183,035
88$1,967,880$0$0$1,248,818
89$2,078,203$0$0$1,319,582
90$2,196,931$0$0$1,395,781
91$2,324,832$0$0$1,477,912
92$2,462,750$0$0$1,566,523
93$2,611,609$0$0$1,662,215
94$2,772,428$0$0$1,765,649
95$2,946,326$0$0$1,877,550
96$3,134,531$0$0$1,998,717
97$3,338,395$0$0$2,130,028
98$3,559,403$0$0$2,272,447
99$3,799,190$0$0$2,427,034
100$4,059,552$0$0$2,594,958