Can I retire at age 60 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$43,767$43,377$42,997$42,625$42,263$41,822
2 years$21,667$21,263$20,872$20,493$20,125$19,681
3 years$14,301$13,896$13,506$13,130$12,768$12,334
4 years$10,619$10,215$9,829$9,459$9,106$8,687
5 years$8,410$8,009$7,627$7,266$6,923$6,518
6 years$6,938$6,540$6,164$5,811$5,478$5,089
7 years$5,887$5,492$5,122$4,777$4,455$4,082
8 years$5,099$4,708$4,344$4,007$3,696$3,339
9 years$4,487$4,099$3,742$3,413$3,112$2,771
10 years$3,997$3,613$3,262$2,942$2,652$2,326
11 years$3,597$3,216$2,872$2,561$2,281$1,970
12 years$3,263$2,887$2,549$2,246$1,976$1,681
13 years$2,981$2,609$2,277$1,983$1,723$1,443
14 years$2,740$2,371$2,046$1,760$1,511$1,244
15 years$2,531$2,166$1,847$1,570$1,330$1,077
16 years$2,348$1,988$1,675$1,406$1,176$936
17 years$2,187$1,830$1,524$1,263$1,042$816
18 years$2,044$1,691$1,391$1,138$927$713
19 years$1,916$1,568$1,274$1,028$826$624
20 years$1,801$1,457$1,169$931$738$548
21 years$1,697$1,357$1,075$845$660$481
22 years$1,603$1,267$991$769$592$423
23 years$1,517$1,185$915$700$531$373
24 years$1,439$1,110$846$638$478$329
25 years$1,366$1,042$784$583$430$290
26 years$1,300$979$727$533$387$257
27 years$1,238$921$675$488$349$227
28 years$1,181$868$627$447$315$201
29 years$1,128$819$584$410$284$178
30 years$1,079$773$544$376$257$157
31 years$1,033$731$507$346$232$139
32 years$990$692$473$318$210$123
33 years$949$655$442$292$190$109
34 years$911$621$413$269$172$97
35 years$875$589$386$247$156$86
36 years$842$559$361$228$141$76
37 years$810$531$338$210$128$68
38 years$780$505$316$193$116$60
39 years$752$480$296$178$105$53
40 years$725$456$278$165$95$47
41 years$699$435$261$152$87$42
42 years$675$414$244$140$79$37
43 years$652$394$229$129$71$33
44 years$630$376$215$119$65$30
45 years$609$358$202$110$59$26
46 years$589$342$190$102$53$23
47 years$570$326$178$94$48$21
48 years$552$311$168$87$44$18
49 years$534$297$158$80$40$16
50 years$517$284$148$74$36$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $530,000, adding $3,066 every year, while hoping to spend $21,481 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: 69/25/6 Blend
59$530,000$530,000$530,000$530,000
60$587,223$559,133$550,918$627,040
61$624,264$563,674$546,518$658,325
62$664,363$567,719$541,250$689,611
63$707,810$571,219$535,064$723,244
64$754,922$574,124$527,905$759,450
65$806,050$576,382$519,715$798,478
66$861,578$577,936$510,436$840,601
67$921,928$578,724$500,006$886,122
68$987,568$578,684$488,358$935,373
69$1,059,008$577,748$475,427$988,723
70$1,136,812$575,843$461,139$1,046,577
71$1,221,600$572,893$445,421$1,109,380
72$1,314,056$568,817$428,194$1,177,627
73$1,414,929$563,528$409,378$1,251,861
74$1,525,046$556,936$388,887$1,332,681
75$1,645,318$548,943$366,632$1,420,748
76$1,776,746$539,447$342,520$1,516,792
77$1,920,434$528,339$316,454$1,621,617
78$2,077,595$515,505$288,332$1,736,110
79$2,249,567$500,822$258,048$1,861,249
80$2,437,822$484,161$225,492$1,998,112
81$2,643,981$465,386$190,547$2,147,890
82$2,869,829$444,352$153,092$2,311,896
83$3,117,333$420,907$113,003$2,491,575
84$3,388,658$394,889$70,145$2,688,525
85$3,686,189$366,126$24,383$2,904,505
86$4,012,553$334,439$0$3,141,457
87$4,370,643$299,635$0$3,403,087
88$4,763,645$261,514$0$3,691,957
89$5,195,070$219,861$0$4,009,118
90$5,668,784$174,452$0$4,357,452
91$6,189,048$125,048$0$4,740,134
92$6,760,553$71,398$0$5,160,666
93$7,388,469$13,235$0$5,622,910
94$8,078,490$0$0$6,131,123
95$8,836,889$0$0$6,703,673
96$9,670,579$0$0$7,337,099
97$10,587,173$0$0$8,033,548
98$11,595,061$0$0$8,799,399
99$12,703,486$0$0$9,641,679
100$13,922,630$0$0$10,568,132