Can I retire at age 60 with 528,000?

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 $528,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$43,602$43,213$42,834$42,465$42,103$41,389
2 years$21,585$21,183$20,793$20,416$20,049$19,332
3 years$14,247$13,843$13,455$13,081$12,720$12,022
4 years$10,579$10,176$9,792$9,424$9,072$8,398
5 years$8,378$7,978$7,599$7,238$6,896$6,249
6 years$6,912$6,515$6,141$5,789$5,457$4,837
7 years$5,865$5,471$5,103$4,759$4,438$3,845
8 years$5,080$4,690$4,328$3,992$3,682$3,116
9 years$4,470$4,083$3,728$3,401$3,101$2,562
10 years$3,982$3,599$3,250$2,931$2,642$2,130
11 years$3,583$3,204$2,861$2,551$2,272$1,786
12 years$3,251$2,876$2,539$2,238$1,969$1,508
13 years$2,970$2,599$2,269$1,976$1,717$1,281
14 years$2,730$2,362$2,038$1,754$1,505$1,093
15 years$2,521$2,158$1,840$1,564$1,325$936
16 years$2,339$1,980$1,668$1,400$1,171$805
17 years$2,179$1,824$1,518$1,258$1,038$693
18 years$2,036$1,685$1,386$1,134$923$599
19 years$1,909$1,562$1,269$1,025$823$518
20 years$1,795$1,451$1,164$928$735$449
21 years$1,691$1,352$1,071$842$658$390
22 years$1,597$1,262$987$766$590$339
23 years$1,512$1,180$911$697$529$295
24 years$1,433$1,106$843$636$476$257
25 years$1,361$1,038$781$581$428$224
26 years$1,295$975$724$531$386$195
27 years$1,234$918$672$486$348$171
28 years$1,177$865$625$445$314$149
29 years$1,124$816$582$408$283$130
30 years$1,075$770$542$375$256$114
31 years$1,029$728$505$344$231$99
32 years$986$689$471$316$209$87
33 years$946$653$440$291$189$76
34 years$908$619$411$268$172$67
35 years$872$587$384$246$155$58
36 years$839$557$360$227$141$51
37 years$807$529$337$209$128$45
38 years$777$503$315$193$116$39
39 years$749$478$295$178$105$34
40 years$722$455$277$164$95$30
41 years$696$433$260$151$86$26
42 years$672$412$243$140$78$23
43 years$649$393$228$129$71$20
44 years$627$374$214$119$65$18
45 years$606$357$201$110$59$15
46 years$587$341$189$101$53$14
47 years$568$325$178$94$48$12
48 years$549$310$167$87$44$10
49 years$532$296$157$80$40$9
50 years$516$283$148$74$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $528,000, adding $3,923 every year, while hoping to spend $38,926 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$528,000$528,000$528,000$528,000
60$585,903$557,919$549,735$616,381
61$604,248$543,840$526,734$623,422
62$623,159$527,766$501,658$626,506
63$642,654$509,559$474,396$628,965
64$662,750$489,072$444,833$630,748
65$683,463$466,150$412,847$631,798
66$704,812$440,627$378,313$632,057
67$726,815$412,330$341,099$631,463
68$749,491$381,075$301,067$629,948
69$772,859$346,667$258,072$627,444
70$796,938$308,902$211,966$623,876
71$821,749$267,561$162,590$619,165
72$847,311$222,416$109,781$613,228
73$873,646$173,223$53,367$605,977
74$900,774$119,727$0$597,318
75$928,717$61,657$0$588,174
76$957,496$0$0$585,993
77$987,132$0$0$583,133
78$1,017,649$0$0$601,145
79$1,049,069$0$0$619,688
80$1,081,413$0$0$638,775
81$1,114,704$0$0$658,419
82$1,148,965$0$0$678,634
83$1,184,219$0$0$699,431
84$1,220,487$0$0$720,825
85$1,257,792$0$0$742,827
86$1,296,156$0$0$765,451
87$1,335,600$0$0$788,708
88$1,376,145$0$0$812,610
89$1,417,812$0$0$837,170
90$1,460,620$0$0$862,397
91$1,504,587$0$0$888,302
92$1,549,731$0$0$914,895
93$1,596,067$0$0$942,184
94$1,643,610$0$0$970,176
95$1,692,372$0$0$998,878
96$1,742,363$0$0$1,028,294
97$1,793,590$0$0$1,058,428
98$1,846,057$0$0$1,089,281
99$1,899,766$0$0$1,120,852
100$1,954,714$0$0$1,153,138