Can I retire at age 60 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$44,097$43,704$43,321$42,947$42,582$41,519
2 years$21,830$21,424$21,030$20,648$20,277$19,213
3 years$14,409$14,001$13,608$13,229$12,865$11,832
4 years$10,699$10,292$9,903$9,531$9,175$8,183
5 years$8,474$8,069$7,685$7,321$6,975$6,025
6 years$6,991$6,589$6,211$5,854$5,519$4,613
7 years$5,932$5,533$5,161$4,813$4,488$3,626
8 years$5,138$4,743$4,377$4,038$3,724$2,905
9 years$4,521$4,130$3,770$3,439$3,136$2,360
10 years$4,027$3,640$3,287$2,965$2,672$1,938
11 years$3,624$3,241$2,894$2,580$2,298$1,605
12 years$3,288$2,909$2,568$2,263$1,991$1,338
13 years$3,004$2,629$2,294$1,998$1,736$1,121
14 years$2,761$2,389$2,061$1,774$1,522$944
15 years$2,550$2,183$1,861$1,582$1,340$797
16 years$2,366$2,003$1,687$1,416$1,184$675
17 years$2,204$1,844$1,536$1,272$1,050$574
18 years$2,059$1,704$1,402$1,147$934$488
19 years$1,931$1,579$1,283$1,036$832$416
20 years$1,815$1,468$1,178$938$743$356
21 years$1,710$1,367$1,083$852$665$304
22 years$1,615$1,276$998$774$596$260
23 years$1,529$1,194$922$705$535$223
24 years$1,450$1,118$853$643$481$191
25 years$1,377$1,049$790$587$433$164
26 years$1,310$986$732$537$390$141
27 years$1,248$928$680$492$352$121
28 years$1,190$875$632$450$317$104
29 years$1,137$825$588$413$286$89
30 years$1,087$779$548$379$259$77
31 years$1,041$737$511$348$234$66
32 years$997$697$477$320$212$57
33 years$956$660$445$294$192$49
34 years$918$626$416$271$173$42
35 years$882$593$389$249$157$36
36 years$848$563$364$230$142$31
37 years$816$535$340$211$129$27
38 years$786$508$319$195$117$23
39 years$757$483$299$180$106$20
40 years$730$460$280$166$96$17
41 years$704$438$262$153$87$15
42 years$680$417$246$141$79$13
43 years$657$397$231$130$72$11
44 years$634$379$217$120$65$9
45 years$613$361$204$111$59$8
46 years$593$344$191$103$54$7
47 years$574$329$180$95$49$6
48 years$556$314$169$88$44$5
49 years$538$300$159$81$40$4
50 years$521$286$149$75$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $534,000, adding $2,275 every year, while hoping to spend $34,181 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: 67/23/10 Blend
59$534,000$534,000$534,000$534,000
60$590,815$562,513$554,236$629,025
61$614,709$553,707$536,434$645,915
62$639,896$543,325$516,891$660,082
63$666,470$531,253$495,511$674,678
64$694,535$517,369$472,196$689,741
65$724,206$501,549$446,843$705,316
66$755,606$483,656$419,343$721,448
67$788,871$463,548$389,585$738,193
68$824,150$441,076$357,450$755,612
69$861,603$416,079$322,814$773,773
70$901,409$388,389$285,551$792,753
71$943,760$357,827$245,524$812,638
72$988,869$324,206$202,595$833,525
73$1,036,968$287,326$156,616$855,522
74$1,088,310$246,977$107,434$878,750
75$1,143,175$202,937$54,891$903,345
76$1,201,868$154,969$0$929,459
77$1,264,723$102,828$0$957,387
78$1,332,108$46,249$0$993,451
79$1,404,425$0$0$1,032,018
80$1,482,117$0$0$1,077,152
81$1,565,668$0$0$1,138,300
82$1,655,610$0$0$1,204,151
83$1,752,530$0$0$1,275,136
84$1,857,069$0$0$1,351,728
85$1,969,933$0$0$1,434,449
86$2,091,898$0$0$1,523,869
87$2,223,815$0$0$1,620,618
88$2,366,623$0$0$1,725,387
89$2,521,350$0$0$1,838,936
90$2,689,129$0$0$1,962,099
91$2,871,205$0$0$2,095,797
92$3,068,948$0$0$2,241,038
93$3,283,865$0$0$2,398,936
94$3,517,613$0$0$2,570,713
95$3,772,015$0$0$2,757,714
96$4,049,078$0$0$2,961,420
97$4,351,009$0$0$3,183,460
98$4,680,239$0$0$3,425,628
99$5,039,440$0$0$3,689,897
100$5,431,558$0$0$3,978,439