Can I retire at age 60 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$43,684$43,295$42,916$42,545$42,183$41,331
2 years$21,626$21,223$20,833$20,454$20,087$19,233
3 years$14,274$13,870$13,480$13,105$12,744$11,914
4 years$10,599$10,196$9,810$9,442$9,089$8,289
5 years$8,394$7,993$7,613$7,252$6,910$6,142
6 years$6,925$6,527$6,152$5,800$5,467$4,734
7 years$5,876$5,482$5,113$4,768$4,446$3,746
8 years$5,090$4,699$4,336$4,000$3,689$3,022
9 years$4,478$4,091$3,735$3,407$3,106$2,473
10 years$3,990$3,606$3,256$2,937$2,647$2,046
11 years$3,590$3,210$2,866$2,556$2,276$1,707
12 years$3,257$2,881$2,544$2,242$1,973$1,434
13 years$2,976$2,604$2,273$1,979$1,720$1,211
14 years$2,735$2,367$2,042$1,757$1,508$1,028
15 years$2,526$2,162$1,844$1,567$1,328$876
16 years$2,344$1,984$1,672$1,403$1,173$748
17 years$2,183$1,827$1,521$1,261$1,040$641
18 years$2,040$1,688$1,389$1,136$925$551
19 years$1,913$1,565$1,271$1,027$825$474
20 years$1,798$1,454$1,167$930$737$408
21 years$1,694$1,354$1,073$844$659$352
22 years$1,600$1,264$989$767$591$304
23 years$1,514$1,182$913$699$530$263
24 years$1,436$1,108$845$637$477$228
25 years$1,364$1,040$782$582$429$197
26 years$1,297$977$725$532$386$171
27 years$1,236$920$674$487$348$148
28 years$1,179$866$626$446$314$129
29 years$1,126$817$583$409$284$112
30 years$1,077$772$543$376$256$97
31 years$1,031$730$506$345$232$84
32 years$988$690$472$317$210$73
33 years$947$654$441$292$190$64
34 years$909$620$412$268$172$55
35 years$874$588$385$247$156$48
36 years$840$558$360$227$141$42
37 years$808$530$337$210$128$36
38 years$778$504$316$193$116$32
39 years$750$479$296$178$105$27
40 years$723$456$277$164$95$24
41 years$698$434$260$152$86$21
42 years$673$413$244$140$78$18
43 years$650$394$229$129$71$16
44 years$629$375$215$119$65$14
45 years$608$358$202$110$59$12
46 years$588$341$189$102$53$10
47 years$569$326$178$94$48$9
48 years$551$311$167$87$44$8
49 years$533$297$157$80$40$7
50 years$516$284$148$74$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $529,000, adding $3,827 every year, while hoping to spend $35,599 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: 55/31/14 Blend
59$529,000$529,000$529,000$529,000
60$586,906$558,869$550,669$616,838
61$608,893$548,376$531,239$627,119
62$631,930$536,176$509,966$634,127
63$656,086$522,148$486,749$640,941
64$681,436$506,163$461,484$647,548
65$708,063$488,085$434,064$653,940
66$736,055$467,771$404,375$660,107
67$765,508$445,068$372,298$666,040
68$796,529$419,815$337,709$671,735
69$829,232$391,842$300,478$677,185
70$863,741$360,970$260,472$682,389
71$900,193$327,008$217,548$687,348
72$938,735$289,755$171,559$692,064
73$979,531$248,998$122,351$696,544
74$1,022,758$204,512$69,764$700,800
75$1,068,607$156,062$13,629$704,847
76$1,117,292$103,395$0$708,708
77$1,169,042$46,248$0$719,321
78$1,224,111$0$0$732,432
79$1,282,776$0$0$751,416
80$1,345,339$0$0$788,515
81$1,412,133$0$0$828,152
82$1,483,522$0$0$870,546
83$1,559,904$0$0$915,940
84$1,641,716$0$0$964,596
85$1,729,438$0$0$1,016,805
86$1,823,596$0$0$1,072,885
87$1,924,768$0$0$1,133,185
88$2,033,586$0$0$1,198,087
89$2,150,748$0$0$1,268,013
90$2,277,017$0$0$1,343,425
91$2,413,232$0$0$1,424,830
92$2,560,317$0$0$1,512,786
93$2,719,283$0$0$1,607,906
94$2,891,245$0$0$1,710,864
95$3,077,427$0$0$1,822,401
96$3,279,174$0$0$1,943,332
97$3,497,967$0$0$2,074,550
98$3,735,433$0$0$2,217,043
99$3,993,362$0$0$2,371,893
100$4,273,722$0$0$2,540,292