Can I retire at age 60 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$43,437$43,050$42,672$42,304$41,944$41,351
2 years$21,503$21,103$20,715$20,338$19,973$19,377
3 years$14,193$13,791$13,404$13,031$12,672$12,091
4 years$10,539$10,138$9,755$9,388$9,038$8,477
5 years$8,347$7,948$7,570$7,211$6,870$6,331
6 years$6,886$6,490$6,118$5,767$5,436$4,919
7 years$5,843$5,451$5,084$4,741$4,421$3,926
8 years$5,061$4,672$4,311$3,977$3,668$3,194
9 years$4,453$4,068$3,713$3,388$3,089$2,637
10 years$3,967$3,586$3,237$2,920$2,632$2,202
11 years$3,570$3,192$2,850$2,541$2,263$1,855
12 years$3,239$2,865$2,529$2,229$1,961$1,573
13 years$2,959$2,589$2,260$1,968$1,710$1,342
14 years$2,719$2,353$2,031$1,747$1,499$1,151
15 years$2,512$2,150$1,833$1,558$1,320$990
16 years$2,330$1,973$1,662$1,395$1,167$855
17 years$2,171$1,817$1,513$1,253$1,035$741
18 years$2,029$1,679$1,381$1,130$920$643
19 years$1,902$1,556$1,264$1,021$820$559
20 years$1,788$1,446$1,160$924$732$487
21 years$1,685$1,347$1,067$839$655$425
22 years$1,591$1,257$983$763$587$372
23 years$1,506$1,176$908$695$527$325
24 years$1,428$1,102$840$634$474$285
25 years$1,356$1,034$778$579$426$250
26 years$1,290$972$721$529$384$219
27 years$1,229$914$670$484$346$192
28 years$1,172$862$623$444$313$169
29 years$1,120$813$579$407$282$148
30 years$1,071$768$540$373$255$130
31 years$1,025$726$503$343$231$115
32 years$982$687$469$315$209$101
33 years$942$650$438$290$189$89
34 years$904$616$410$267$171$78
35 years$869$584$383$245$155$69
36 years$835$555$358$226$140$61
37 years$804$527$335$208$127$53
38 years$774$501$314$192$115$47
39 years$746$476$294$177$104$41
40 years$719$453$276$163$95$36
41 years$694$431$259$151$86$32
42 years$670$411$243$139$78$28
43 years$647$391$228$128$71$25
44 years$625$373$214$119$64$22
45 years$604$356$201$109$58$19
46 years$584$339$188$101$53$17
47 years$565$324$177$93$48$15
48 years$547$309$166$86$44$13
49 years$530$295$156$80$40$12
50 years$514$282$147$74$36$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $526,000, adding $6,453 every year, while hoping to spend $37,645 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: 48/31/21 Blend
59$526,000$526,000$526,000$526,000
60$586,308$558,430$550,277$610,685
61$606,058$545,739$528,658$615,638
62$626,560$531,165$505,052$616,710
63$647,852$514,575$479,354$617,093
64$669,973$495,829$451,453$616,738
65$692,966$474,781$421,232$615,595
66$716,876$451,272$388,571$613,611
67$741,751$425,139$353,342$610,730
68$767,644$396,205$315,413$606,893
69$794,611$364,286$274,646$602,041
70$822,711$329,185$230,896$596,111
71$852,009$290,697$184,013$589,036
72$882,575$248,602$133,839$580,748
73$914,484$202,670$80,209$571,177
74$947,818$152,657$22,952$560,249
75$982,663$98,305$0$547,887
76$1,019,114$39,342$0$542,562
77$1,057,275$0$0$541,688
78$1,097,256$0$0$548,439
79$1,139,177$0$0$569,607
80$1,183,169$0$0$591,838
81$1,229,374$0$0$615,207
82$1,277,945$0$0$639,795
83$1,329,051$0$0$665,688
84$1,382,874$0$0$692,982
85$1,439,612$0$0$721,781
86$1,499,481$0$0$752,198
87$1,562,717$0$0$784,357
88$1,629,577$0$0$818,392
89$1,700,342$0$0$854,451
90$1,775,318$0$0$892,694
91$1,854,841$0$0$933,298
92$1,939,275$0$0$976,453
93$2,029,022$0$0$1,022,371
94$2,124,519$0$0$1,071,282
95$2,226,246$0$0$1,123,438
96$2,334,728$0$0$1,179,114
97$2,450,539$0$0$1,238,614
98$2,574,309$0$0$1,302,268
99$2,706,728$0$0$1,370,441
100$2,848,555$0$0$1,443,530