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%16.3%
1 years$43,271$42,886$42,510$42,143$41,784$40,708
2 years$21,422$21,023$20,636$20,261$19,897$18,820
3 years$14,139$13,738$13,353$12,981$12,624$11,579
4 years$10,499$10,099$9,717$9,352$9,003$8,000
5 years$8,315$7,918$7,541$7,184$6,844$5,884
6 years$6,860$6,466$6,094$5,745$5,416$4,500
7 years$5,821$5,430$5,064$4,723$4,404$3,534
8 years$5,042$4,654$4,295$3,962$3,654$2,827
9 years$4,436$4,052$3,699$3,375$3,077$2,294
10 years$3,952$3,572$3,225$2,909$2,622$1,881
11 years$3,556$3,180$2,839$2,532$2,255$1,556
12 years$3,226$2,854$2,520$2,221$1,954$1,295
13 years$2,948$2,579$2,251$1,961$1,704$1,084
14 years$2,709$2,345$2,023$1,740$1,494$911
15 years$2,502$2,142$1,826$1,552$1,315$769
16 years$2,322$1,965$1,656$1,390$1,162$650
17 years$2,162$1,810$1,507$1,249$1,031$552
18 years$2,021$1,672$1,375$1,125$916$469
19 years$1,894$1,550$1,259$1,017$817$399
20 years$1,781$1,440$1,156$921$730$340
21 years$1,678$1,341$1,063$836$653$291
22 years$1,585$1,252$980$760$585$248
23 years$1,500$1,171$905$692$525$212
24 years$1,422$1,097$837$631$472$182
25 years$1,351$1,030$775$576$425$156
26 years$1,285$968$719$527$383$133
27 years$1,224$911$667$482$345$114
28 years$1,168$858$620$442$311$98
29 years$1,115$810$577$405$281$84
30 years$1,067$765$538$372$254$72
31 years$1,021$723$501$342$230$62
32 years$978$684$468$314$208$53
33 years$938$648$437$289$188$46
34 years$901$614$408$266$170$39
35 years$866$582$381$245$154$34
36 years$832$553$357$225$140$29
37 years$801$525$334$208$127$25
38 years$771$499$313$191$115$21
39 years$743$474$293$176$104$18
40 years$716$451$275$163$94$16
41 years$691$430$258$150$86$14
42 years$667$409$242$139$78$12
43 years$644$390$227$128$71$10
44 years$623$372$213$118$64$9
45 years$602$354$200$109$58$7
46 years$582$338$188$101$53$6
47 years$563$323$176$93$48$5
48 years$545$308$166$86$44$5
49 years$528$294$156$79$40$4
50 years$512$281$146$73$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $524,000, adding $4,640 every year, while hoping to spend $30,977 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: 49/28/23 Blend
59$524,000$524,000$524,000$524,000
60$582,234$554,462$546,340$606,777
61$608,663$548,672$531,683$618,559
62$636,749$541,559$515,497$627,862
63$666,629$533,027$497,698$637,336
64$698,452$522,972$478,198$647,010
65$732,381$511,285$456,905$656,919
66$768,596$497,850$433,723$667,102
67$807,293$482,545$408,553$677,605
68$848,686$465,239$381,288$688,482
69$893,011$445,795$351,821$699,793
70$940,527$424,067$320,035$711,608
71$991,517$399,903$285,813$724,007
72$1,046,292$373,138$249,028$737,081
73$1,105,194$343,602$209,550$750,931
74$1,168,598$311,112$167,244$765,676
75$1,236,915$275,477$121,967$781,448
76$1,310,597$236,493$73,570$798,394
77$1,390,142$193,945$21,899$816,686
78$1,476,096$147,607$0$836,511
79$1,569,057$97,239$0$866,242
80$1,669,686$42,590$0$904,226
81$1,778,708$0$0$945,396
82$1,896,920$0$0$995,218
83$2,025,198$0$0$1,063,569
84$2,164,506$0$0$1,137,848
85$2,315,905$0$0$1,218,626
86$2,480,561$0$0$1,306,531
87$2,659,757$0$0$1,402,257
88$2,854,906$0$0$1,506,564
89$3,067,562$0$0$1,620,290
90$3,299,435$0$0$1,744,359
91$3,552,406$0$0$1,879,784
92$3,828,548$0$0$2,027,684
93$4,130,142$0$0$2,189,289
94$4,459,696$0$0$2,365,954
95$4,819,976$0$0$2,559,169
96$5,214,025$0$0$2,770,576
97$5,645,193$0$0$3,001,984
98$6,117,168$0$0$3,255,383
99$6,634,015$0$0$3,532,965
100$7,200,206$0$0$3,837,145