Can I retire at age 60 with 527,000?

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 $527,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$43,519$43,132$42,753$42,384$42,024$41,464
2 years$21,544$21,143$20,754$20,377$20,011$19,449
3 years$14,220$13,817$13,429$13,056$12,696$12,147
4 years$10,559$10,157$9,773$9,406$9,055$8,525
5 years$8,363$7,963$7,584$7,225$6,883$6,373
6 years$6,899$6,503$6,129$5,778$5,447$4,957
7 years$5,854$5,461$5,093$4,750$4,430$3,961
8 years$5,070$4,681$4,320$3,985$3,675$3,227
9 years$4,461$4,076$3,720$3,394$3,095$2,667
10 years$3,974$3,592$3,244$2,926$2,637$2,229
11 years$3,576$3,198$2,856$2,546$2,268$1,880
12 years$3,245$2,870$2,534$2,233$1,965$1,597
13 years$2,964$2,594$2,264$1,972$1,714$1,364
14 years$2,724$2,358$2,034$1,750$1,502$1,171
15 years$2,517$2,154$1,837$1,561$1,323$1,009
16 years$2,335$1,976$1,665$1,398$1,169$873
17 years$2,175$1,820$1,515$1,256$1,036$757
18 years$2,032$1,682$1,383$1,132$922$658
19 years$1,905$1,559$1,266$1,023$821$573
20 years$1,791$1,448$1,162$926$734$500
21 years$1,688$1,349$1,069$841$657$437
22 years$1,594$1,259$985$764$589$383
23 years$1,509$1,178$910$696$528$335
24 years$1,431$1,104$841$635$475$294
25 years$1,359$1,036$779$580$427$258
26 years$1,292$973$723$530$385$227
27 years$1,231$916$671$485$347$199
28 years$1,175$863$624$445$313$175
29 years$1,122$814$581$408$283$154
30 years$1,073$769$541$374$255$136
31 years$1,027$727$504$344$231$120
32 years$984$688$470$316$209$106
33 years$944$651$439$290$189$93
34 years$906$617$410$267$171$82
35 years$870$586$384$246$155$72
36 years$837$556$359$227$140$64
37 years$805$528$336$209$127$56
38 years$776$502$315$192$115$50
39 years$747$477$295$177$105$44
40 years$720$454$276$164$95$39
41 years$695$432$259$151$86$34
42 years$671$411$243$139$78$30
43 years$648$392$228$129$71$27
44 years$626$374$214$119$64$23
45 years$605$356$201$110$58$21
46 years$585$340$189$101$53$18
47 years$567$324$177$94$48$16
48 years$548$310$167$86$44$14
49 years$531$296$157$80$40$13
50 years$515$283$147$74$36$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $527,000, adding $3,192 every year, while hoping to spend $46,489 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: 55/20/25 Blend
59$527,000$527,000$527,000$527,000
60$584,047$556,116$547,947$611,995
61$594,155$533,901$516,839$609,342
62$603,737$509,040$483,131$601,341
63$612,689$481,354$446,687$591,661
64$620,896$450,653$407,364$580,157
65$628,231$416,738$365,014$566,672
66$634,549$379,397$319,481$551,034
67$639,693$338,407$270,603$533,058
68$643,484$293,532$218,211$512,544
69$645,726$244,522$162,127$489,274
70$646,200$191,114$102,169$463,012
71$644,663$133,028$38,141$433,504
72$640,844$69,972$0$400,472
73$634,444$1,635$0$371,667
74$625,130$0$0$350,092
75$612,535$0$0$341,180
76$596,250$0$0$330,362
77$575,822$0$0$317,004
78$550,752$0$0$300,800
79$520,485$0$0$281,416
80$484,407$0$0$258,476
81$441,841$0$0$231,571
82$392,036$0$0$200,242
83$334,162$0$0$163,988
84$267,302$0$0$122,250
85$190,443$0$0$74,413
86$102,465$0$0$19,798
87$2,129$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