Can I retire at age 60 with 525,000?

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 $525,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$43,354$42,968$42,591$42,223$41,864$40,573
2 years$21,462$21,063$20,675$20,300$19,935$18,646
3 years$14,166$13,765$13,378$13,006$12,648$11,400
4 years$10,519$10,118$9,736$9,370$9,021$7,825
5 years$8,331$7,933$7,556$7,197$6,857$5,716
6 years$6,873$6,478$6,106$5,756$5,426$4,341
7 years$5,832$5,440$5,074$4,732$4,413$3,383
8 years$5,051$4,663$4,303$3,970$3,661$2,686
9 years$4,444$4,060$3,706$3,381$3,083$2,163
10 years$3,959$3,579$3,231$2,915$2,627$1,759
11 years$3,563$3,186$2,845$2,537$2,259$1,443
12 years$3,232$2,860$2,525$2,225$1,958$1,191
13 years$2,953$2,584$2,256$1,964$1,707$988
14 years$2,714$2,349$2,027$1,744$1,496$823
15 years$2,507$2,146$1,830$1,555$1,318$688
16 years$2,326$1,969$1,659$1,392$1,165$577
17 years$2,166$1,813$1,510$1,251$1,033$485
18 years$2,025$1,675$1,378$1,127$918$408
19 years$1,898$1,553$1,262$1,019$818$344
20 years$1,784$1,443$1,158$923$731$290
21 years$1,681$1,344$1,065$837$654$245
22 years$1,588$1,255$982$761$586$208
23 years$1,503$1,173$906$693$526$176
24 years$1,425$1,099$838$632$473$149
25 years$1,354$1,032$776$578$426$126
26 years$1,288$970$720$528$383$107
27 years$1,227$913$669$483$346$91
28 years$1,170$860$622$443$312$77
29 years$1,118$811$578$406$282$65
30 years$1,069$766$539$373$255$56
31 years$1,023$724$502$342$230$47
32 years$980$685$469$315$208$40
33 years$940$649$438$289$188$34
34 years$903$615$409$266$171$29
35 years$867$583$382$245$154$25
36 years$834$554$358$226$140$21
37 years$802$526$335$208$127$18
38 years$773$500$313$192$115$15
39 years$744$475$294$177$104$13
40 years$718$452$275$163$95$11
41 years$692$430$258$150$86$9
42 years$668$410$242$139$78$8
43 years$646$391$227$128$71$7
44 years$624$372$213$118$64$6
45 years$603$355$200$109$58$5
46 years$583$339$188$101$53$4
47 years$564$323$177$93$48$4
48 years$546$309$166$86$44$3
49 years$529$295$156$80$40$3
50 years$513$281$147$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $525,000, adding $2,433 every year, while hoping to spend $32,054 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: 67/14/19 Blend
59$525,000$525,000$525,000$525,000
60$581,060$553,235$545,097$617,101
61$606,223$546,238$529,253$634,527
62$632,878$537,824$511,803$649,633
63$661,144$527,890$492,661$665,376
64$691,149$516,326$471,734$681,816
65$723,037$503,016$448,928$699,023
66$756,961$487,838$424,141$717,073
67$793,090$470,661$397,269$736,052
68$831,611$451,349$368,203$756,055
69$872,726$429,756$336,828$777,189
70$916,657$405,727$303,026$799,571
71$963,650$379,102$266,671$823,334
72$1,013,971$349,706$227,633$848,625
73$1,067,913$317,359$185,776$875,607
74$1,125,799$281,869$140,958$904,460
75$1,187,982$243,031$93,031$935,389
76$1,254,849$200,632$41,840$968,616
77$1,326,825$154,445$0$1,004,390
78$1,404,379$104,230$0$1,045,583
79$1,488,023$49,735$0$1,099,128
80$1,578,321$0$0$1,156,912
81$1,675,892$0$0$1,220,785
82$1,781,419$0$0$1,298,176
83$1,895,648$0$0$1,381,977
84$2,019,404$0$0$1,472,795
85$2,153,590$0$0$1,571,296
86$2,299,202$0$0$1,678,215
87$2,457,333$0$0$1,794,360
88$2,629,188$0$0$1,920,617
89$2,816,089$0$0$2,057,965
90$3,019,495$0$0$2,207,477
91$3,241,007$0$0$2,370,338
92$3,482,389$0$0$2,547,847
93$3,745,583$0$0$2,741,438
94$4,032,723$0$0$2,952,687
95$4,346,163$0$0$3,183,330
96$4,688,490$0$0$3,435,277
97$5,062,553$0$0$3,710,630
98$5,471,489$0$0$4,011,706
99$5,918,753$0$0$4,341,052
100$6,408,146$0$0$4,701,477