Can I retire at age 60 with 526,000?

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 $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%11.6%
1 years$43,437$43,050$42,672$42,304$41,944$41,662
2 years$21,503$21,103$20,715$20,338$19,973$19,689
3 years$14,193$13,791$13,404$13,031$12,672$12,394
4 years$10,539$10,138$9,755$9,388$9,038$8,768
5 years$8,347$7,948$7,570$7,211$6,870$6,610
6 years$6,886$6,490$6,118$5,767$5,436$5,186
7 years$5,843$5,451$5,084$4,741$4,421$4,181
8 years$5,061$4,672$4,311$3,977$3,668$3,437
9 years$4,453$4,068$3,713$3,388$3,089$2,868
10 years$3,967$3,586$3,237$2,920$2,632$2,420
11 years$3,570$3,192$2,850$2,541$2,263$2,062
12 years$3,239$2,865$2,529$2,229$1,961$1,769
13 years$2,959$2,589$2,260$1,968$1,710$1,527
14 years$2,719$2,353$2,031$1,747$1,499$1,325
15 years$2,512$2,150$1,833$1,558$1,320$1,154
16 years$2,330$1,973$1,662$1,395$1,167$1,009
17 years$2,171$1,817$1,513$1,253$1,035$885
18 years$2,029$1,679$1,381$1,130$920$778
19 years$1,902$1,556$1,264$1,021$820$686
20 years$1,788$1,446$1,160$924$732$606
21 years$1,685$1,347$1,067$839$655$536
22 years$1,591$1,257$983$763$587$475
23 years$1,506$1,176$908$695$527$421
24 years$1,428$1,102$840$634$474$374
25 years$1,356$1,034$778$579$426$332
26 years$1,290$972$721$529$384$296
27 years$1,229$914$670$484$346$263
28 years$1,172$862$623$444$313$235
29 years$1,120$813$579$407$282$209
30 years$1,071$768$540$373$255$187
31 years$1,025$726$503$343$231$166
32 years$982$687$469$315$209$149
33 years$942$650$438$290$189$133
34 years$904$616$410$267$171$119
35 years$869$584$383$245$155$106
36 years$835$555$358$226$140$95
37 years$804$527$335$208$127$85
38 years$774$501$314$192$115$76
39 years$746$476$294$177$104$68
40 years$719$453$276$163$95$61
41 years$694$431$259$151$86$54
42 years$670$411$243$139$78$49
43 years$647$391$228$128$71$44
44 years$625$373$214$119$64$39
45 years$604$356$201$109$58$35
46 years$584$339$188$101$53$31
47 years$565$324$177$93$48$28
48 years$547$309$166$86$44$25
49 years$530$295$156$80$40$22
50 years$514$282$147$74$36$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $526,000, adding $5,149 every year, while hoping to spend $46,229 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: 56/30/14 Blend
59$526,000$526,000$526,000$526,000
60$584,963$557,085$548,932$615,326
61$595,442$535,195$518,134$614,617
62$605,441$510,683$484,755$608,362
63$614,861$483,371$448,659$600,480
64$623,593$453,073$409,706$590,824
65$631,515$419,590$367,747$579,235
66$638,492$382,712$322,629$565,541
67$644,371$342,217$274,190$549,556
68$648,983$297,873$222,261$531,076
69$652,141$249,430$166,668$509,883
70$653,635$196,627$107,227$485,740
71$653,233$139,189$43,747$458,388
72$650,677$76,824$0$427,547
73$645,682$9,224$0$396,500
74$637,929$0$0$368,539
75$627,066$0$0$357,902
76$612,703$0$0$348,123
77$594,408$0$0$335,888
78$571,702$0$0$320,901
79$544,055$0$0$302,835
80$510,881$0$0$281,325
81$471,529$0$0$255,971
82$425,283$0$0$226,329
83$371,348$0$0$191,906
84$308,845$0$0$152,161
85$236,806$0$0$106,494
86$154,157$0$0$54,241
87$59,714$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0