Can I retire at age 60 with 527,000?

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 $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%11%
1 years$43,519$43,132$42,753$42,384$42,024$41,847
2 years$21,544$21,143$20,754$20,377$20,011$19,833
3 years$14,220$13,817$13,429$13,056$12,696$12,521
4 years$10,559$10,157$9,773$9,406$9,055$8,885
5 years$8,363$7,963$7,584$7,225$6,883$6,719
6 years$6,899$6,503$6,129$5,778$5,447$5,288
7 years$5,854$5,461$5,093$4,750$4,430$4,277
8 years$5,070$4,681$4,320$3,985$3,675$3,529
9 years$4,461$4,076$3,720$3,394$3,095$2,954
10 years$3,974$3,592$3,244$2,926$2,637$2,502
11 years$3,576$3,198$2,856$2,546$2,268$2,139
12 years$3,245$2,870$2,534$2,233$1,965$1,842
13 years$2,964$2,594$2,264$1,972$1,714$1,596
14 years$2,724$2,358$2,034$1,750$1,502$1,390
15 years$2,517$2,154$1,837$1,561$1,323$1,216
16 years$2,335$1,976$1,665$1,398$1,169$1,068
17 years$2,175$1,820$1,515$1,256$1,036$940
18 years$2,032$1,682$1,383$1,132$922$830
19 years$1,905$1,559$1,266$1,023$821$735
20 years$1,791$1,448$1,162$926$734$652
21 years$1,688$1,349$1,069$841$657$579
22 years$1,594$1,259$985$764$589$515
23 years$1,509$1,178$910$696$528$459
24 years$1,431$1,104$841$635$475$410
25 years$1,359$1,036$779$580$427$366
26 years$1,292$973$723$530$385$327
27 years$1,231$916$671$485$347$292
28 years$1,175$863$624$445$313$262
29 years$1,122$814$581$408$283$235
30 years$1,073$769$541$374$255$210
31 years$1,027$727$504$344$231$189
32 years$984$688$470$316$209$169
33 years$944$651$439$290$189$152
34 years$906$617$410$267$171$136
35 years$870$586$384$246$155$123
36 years$837$556$359$227$140$110
37 years$805$528$336$209$127$99
38 years$776$502$315$192$115$89
39 years$747$477$295$177$105$80
40 years$720$454$276$164$95$72
41 years$695$432$259$151$86$65
42 years$671$411$243$139$78$58
43 years$648$392$228$129$71$52
44 years$626$374$214$119$64$47
45 years$605$356$201$110$58$42
46 years$585$340$189$101$53$38
47 years$567$324$177$94$48$34
48 years$548$310$167$86$44$31
49 years$531$296$157$80$40$28
50 years$515$283$147$74$36$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $527,000, adding $4,025 every year, while hoping to spend $22,497 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: 64/24/12 Blend
59$527,000$527,000$527,000$527,000
60$584,906$556,975$548,806$620,473
61$620,630$560,330$543,255$648,101
62$659,243$563,095$536,763$675,287
63$701,018$565,219$529,276$704,418
64$746,251$566,644$520,736$735,685
65$795,270$567,311$511,083$769,295
66$848,436$567,158$500,252$805,480
67$906,144$566,116$488,179$844,492
68$968,830$564,115$474,792$886,613
69$1,036,974$561,080$460,020$932,153
70$1,111,101$556,929$443,787$981,454
71$1,191,793$551,578$426,014$1,034,893
72$1,279,688$544,937$406,617$1,092,889
73$1,375,487$536,910$385,509$1,155,902
74$1,479,963$527,395$362,601$1,224,439
75$1,593,968$516,286$337,796$1,299,063
76$1,718,437$503,469$310,997$1,380,392
77$1,854,402$488,822$282,099$1,469,111
78$2,002,996$472,220$250,995$1,565,975
79$2,165,470$453,527$217,571$1,671,816
80$2,343,198$432,600$181,710$1,787,555
81$2,537,695$409,288$143,288$1,914,206
82$2,750,629$383,432$102,178$2,052,890
83$2,983,836$354,863$58,243$2,204,842
84$3,239,338$323,403$11,346$2,371,427
85$3,519,363$288,862$0$2,554,150
86$3,826,363$251,041$0$2,759,626
87$4,163,040$209,730$0$2,986,607
88$4,532,369$164,706$0$3,235,680
89$4,937,628$115,733$0$3,509,096
90$5,382,426$62,565$0$3,809,341
91$5,870,740$4,937$0$4,139,151
92$6,406,950$0$0$4,501,547
93$6,995,882$0$0$4,915,024
94$7,642,851$0$0$5,370,718
95$8,353,712$0$0$5,871,456
96$9,134,917$0$0$6,421,786
97$9,993,572$0$0$7,026,721
98$10,937,507$0$0$7,691,781
99$11,975,348$0$0$8,423,049
100$13,116,599$0$0$9,227,228