Can I retire at age 60 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$43,271$42,886$42,510$42,143$41,784$41,160
2 years$21,422$21,023$20,636$20,261$19,897$19,270
3 years$14,139$13,738$13,353$12,981$12,624$12,012
4 years$10,499$10,099$9,717$9,352$9,003$8,413
5 years$8,315$7,918$7,541$7,184$6,844$6,276
6 years$6,860$6,466$6,094$5,745$5,416$4,871
7 years$5,821$5,430$5,064$4,723$4,404$3,883
8 years$5,042$4,654$4,295$3,962$3,654$3,156
9 years$4,436$4,052$3,699$3,375$3,077$2,603
10 years$3,952$3,572$3,225$2,909$2,622$2,170
11 years$3,556$3,180$2,839$2,532$2,255$1,826
12 years$3,226$2,854$2,520$2,221$1,954$1,547
13 years$2,948$2,579$2,251$1,961$1,704$1,318
14 years$2,709$2,345$2,023$1,740$1,494$1,128
15 years$2,502$2,142$1,826$1,552$1,315$970
16 years$2,322$1,965$1,656$1,390$1,162$836
17 years$2,162$1,810$1,507$1,249$1,031$723
18 years$2,021$1,672$1,375$1,125$916$627
19 years$1,894$1,550$1,259$1,017$817$545
20 years$1,781$1,440$1,156$921$730$474
21 years$1,678$1,341$1,063$836$653$413
22 years$1,585$1,252$980$760$585$360
23 years$1,500$1,171$905$692$525$315
24 years$1,422$1,097$837$631$472$275
25 years$1,351$1,030$775$576$425$241
26 years$1,285$968$719$527$383$211
27 years$1,224$911$667$482$345$185
28 years$1,168$858$620$442$311$162
29 years$1,115$810$577$405$281$142
30 years$1,067$765$538$372$254$125
31 years$1,021$723$501$342$230$110
32 years$978$684$468$314$208$96
33 years$938$648$437$289$188$85
34 years$901$614$408$266$170$74
35 years$866$582$381$245$154$65
36 years$832$553$357$225$140$57
37 years$801$525$334$208$127$50
38 years$771$499$313$191$115$44
39 years$743$474$293$176$104$39
40 years$716$451$275$163$94$34
41 years$691$430$258$150$86$30
42 years$667$409$242$139$78$27
43 years$644$390$227$128$71$23
44 years$623$372$213$118$64$21
45 years$602$354$200$109$58$18
46 years$582$338$188$101$53$16
47 years$563$323$176$93$48$14
48 years$545$308$166$86$44$12
49 years$528$294$156$79$40$11
50 years$512$281$146$73$36$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $524,000, adding $5,254 every year, while hoping to spend $21,751 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: 29/41/30 Blend
59$524,000$524,000$524,000$524,000
60$582,868$555,096$546,974$594,279
61$619,177$559,152$542,154$607,839
62$658,461$562,679$536,444$620,184
63$701,000$565,626$529,792$633,028
64$747,103$567,942$522,140$646,432
65$797,108$569,572$513,432$660,461
66$851,388$570,456$503,607$675,191
67$910,353$570,532$492,602$690,707
68$974,455$569,734$480,350$707,103
69$1,044,190$567,991$466,781$724,486
70$1,120,103$565,228$451,824$742,977
71$1,202,795$561,366$435,402$762,709
72$1,292,928$556,321$417,436$783,832
73$1,391,229$550,004$397,843$806,516
74$1,498,499$542,319$376,535$830,949
75$1,615,620$533,166$353,423$857,342
76$1,743,562$522,439$328,411$885,928
77$1,883,393$510,027$301,401$916,971
78$2,036,289$495,808$272,288$950,764
79$2,203,545$479,658$240,964$987,631
80$2,386,588$461,442$207,318$1,027,938
81$2,586,987$441,020$171,230$1,072,087
82$2,806,471$418,241$132,577$1,120,530
83$3,046,944$392,948$91,232$1,173,766
84$3,310,503$364,973$47,059$1,232,353
85$3,599,458$334,140$0$1,296,909
86$3,916,351$300,262$0$1,368,148
87$4,263,985$263,140$0$1,462,882
88$4,645,444$222,567$0$1,566,930
89$5,064,128$178,321$0$1,681,282
90$5,523,780$130,170$0$1,807,034
91$6,028,525$77,868$0$1,945,397
92$6,582,906$21,154$0$2,097,711
93$7,191,927$0$0$2,265,458
94$7,861,101$0$0$2,468,430
95$8,596,502$0$0$2,702,069
96$9,404,821$0$0$2,958,968
97$10,293,431$0$0$3,241,481
98$11,270,452$0$0$3,552,203
99$12,344,833$0$0$3,893,990
100$13,526,431$0$0$4,269,994