Can I retire at age 60 with 530,000?

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 $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%17.3%
1 years$43,767$43,377$42,997$42,625$42,263$41,009
2 years$21,667$21,263$20,872$20,493$20,125$18,872
3 years$14,301$13,896$13,506$13,130$12,768$11,555
4 years$10,619$10,215$9,829$9,459$9,106$7,943
5 years$8,410$8,009$7,627$7,266$6,923$5,812
6 years$6,938$6,540$6,164$5,811$5,478$4,421
7 years$5,887$5,492$5,122$4,777$4,455$3,451
8 years$5,099$4,708$4,344$4,007$3,696$2,745
9 years$4,487$4,099$3,742$3,413$3,112$2,214
10 years$3,997$3,613$3,262$2,942$2,652$1,805
11 years$3,597$3,216$2,872$2,561$2,281$1,483
12 years$3,263$2,887$2,549$2,246$1,976$1,226
13 years$2,981$2,609$2,277$1,983$1,723$1,019
14 years$2,740$2,371$2,046$1,760$1,511$851
15 years$2,531$2,166$1,847$1,570$1,330$713
16 years$2,348$1,988$1,675$1,406$1,176$599
17 years$2,187$1,830$1,524$1,263$1,042$504
18 years$2,044$1,691$1,391$1,138$927$425
19 years$1,916$1,568$1,274$1,028$826$360
20 years$1,801$1,457$1,169$931$738$304
21 years$1,697$1,357$1,075$845$660$258
22 years$1,603$1,267$991$769$592$219
23 years$1,517$1,185$915$700$531$185
24 years$1,439$1,110$846$638$478$158
25 years$1,366$1,042$784$583$430$134
26 years$1,300$979$727$533$387$114
27 years$1,238$921$675$488$349$97
28 years$1,181$868$627$447$315$82
29 years$1,128$819$584$410$284$70
30 years$1,079$773$544$376$257$60
31 years$1,033$731$507$346$232$51
32 years$990$692$473$318$210$43
33 years$949$655$442$292$190$37
34 years$911$621$413$269$172$31
35 years$875$589$386$247$156$27
36 years$842$559$361$228$141$23
37 years$810$531$338$210$128$19
38 years$780$505$316$193$116$17
39 years$752$480$296$178$105$14
40 years$725$456$278$165$95$12
41 years$699$435$261$152$87$10
42 years$675$414$244$140$79$9
43 years$652$394$229$129$71$7
44 years$630$376$215$119$65$6
45 years$609$358$202$110$59$5
46 years$589$342$190$102$53$5
47 years$570$326$178$94$48$4
48 years$552$311$168$87$44$3
49 years$534$297$158$80$40$3
50 years$517$284$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $530,000, adding $3,286 every year, while hoping to spend $25,013 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: 65/9/26 Blend
59$530,000$530,000$530,000$530,000
60$587,450$559,360$551,145$621,428
61$620,756$560,154$542,994$645,553
62$656,621$560,150$533,733$668,821
63$695,279$559,281$523,296$693,694
64$736,989$557,477$511,618$720,333
65$782,033$554,664$498,628$748,916
66$830,723$550,765$484,254$779,637
67$883,400$545,696$468,420$812,714
68$940,440$539,368$451,046$848,386
69$1,002,257$531,689$432,047$886,918
70$1,069,305$522,560$411,338$928,603
71$1,142,083$511,874$388,828$973,764
72$1,221,141$499,522$364,419$1,022,760
73$1,307,085$485,386$338,014$1,075,985
74$1,400,578$469,340$309,508$1,133,876
75$1,502,353$451,254$278,793$1,196,915
76$1,613,215$430,987$245,754$1,265,637
77$1,734,049$408,392$210,274$1,340,630
78$1,865,832$383,313$172,228$1,422,545
79$2,009,637$355,585$131,487$1,512,099
80$2,166,644$325,033$87,916$1,610,088
81$2,338,155$291,473$41,375$1,717,387
82$2,525,601$254,710$0$1,834,963
83$2,730,559$214,537$0$1,966,187
84$2,954,764$170,737$0$2,122,336
85$3,200,127$123,080$0$2,293,267
86$3,468,753$71,324$0$2,480,462
87$3,762,957$15,210$0$2,685,559
88$4,085,293$0$0$2,910,359
89$4,438,571$0$0$3,161,355
90$4,825,885$0$0$3,438,222
91$5,250,644$0$0$3,741,892
92$5,716,603$0$0$4,075,056
93$6,227,898$0$0$4,440,674
94$6,789,082$0$0$4,842,009
95$7,405,175$0$0$5,282,654
96$8,081,703$0$0$5,766,568
97$8,824,754$0$0$6,298,111
98$9,641,036$0$0$6,882,088
99$10,537,938$0$0$7,523,789
100$11,523,599$0$0$8,229,046