Can I retire at age 60 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$44,345$43,950$43,565$43,188$42,821$42,356
2 years$21,953$21,544$21,148$20,764$20,391$19,923
3 years$14,490$14,079$13,684$13,303$12,937$12,480
4 years$10,759$10,350$9,958$9,584$9,227$8,785
5 years$8,521$8,114$7,728$7,362$7,014$6,588
6 years$7,030$6,626$6,246$5,887$5,550$5,141
7 years$5,965$5,564$5,190$4,840$4,514$4,121
8 years$5,167$4,770$4,402$4,060$3,744$3,369
9 years$4,546$4,153$3,791$3,459$3,153$2,795
10 years$4,050$3,661$3,305$2,981$2,687$2,345
11 years$3,644$3,259$2,910$2,595$2,311$1,985
12 years$3,306$2,925$2,582$2,276$2,002$1,692
13 years$3,021$2,643$2,307$2,009$1,746$1,451
14 years$2,776$2,403$2,073$1,784$1,531$1,251
15 years$2,564$2,195$1,872$1,591$1,348$1,082
16 years$2,379$2,014$1,697$1,424$1,191$940
17 years$2,216$1,855$1,544$1,280$1,056$819
18 years$2,071$1,714$1,410$1,153$939$715
19 years$1,942$1,588$1,290$1,042$837$625
20 years$1,825$1,476$1,184$944$748$548
21 years$1,720$1,375$1,089$857$669$481
22 years$1,624$1,283$1,004$779$600$423
23 years$1,537$1,200$927$709$538$373
24 years$1,458$1,125$857$647$484$328
25 years$1,384$1,055$794$591$435$290
26 years$1,317$992$736$540$392$256
27 years$1,255$933$684$494$354$226
28 years$1,197$880$636$453$319$200
29 years$1,143$830$592$415$288$177
30 years$1,093$784$551$381$260$156
31 years$1,046$741$514$350$235$138
32 years$1,003$701$479$322$213$122
33 years$962$664$448$296$193$108
34 years$923$629$418$272$174$96
35 years$887$597$391$251$158$85
36 years$853$566$366$231$143$76
37 years$821$538$342$213$130$67
38 years$790$511$321$196$118$59
39 years$761$486$300$181$107$53
40 years$734$463$281$167$97$47
41 years$708$440$264$154$88$41
42 years$684$419$248$142$80$37
43 years$660$400$232$131$72$33
44 years$638$381$218$121$66$29
45 years$617$363$205$112$60$26
46 years$597$346$192$103$54$23
47 years$577$331$181$95$49$20
48 years$559$316$170$88$45$18
49 years$541$301$160$81$41$16
50 years$524$288$150$75$37$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $537,000, adding $3,714 every year, while hoping to spend $44,750 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: 43/32/25 Blend
59$537,000$537,000$537,000$537,000
60$595,605$567,144$558,820$616,737
61$608,743$547,320$529,927$612,337
62$621,721$525,026$498,566$603,002
63$634,476$500,091$464,608$592,007
64$646,937$472,339$427,916$579,224
65$659,022$441,582$388,349$564,514
66$670,642$407,619$345,758$547,731
67$681,695$370,240$299,989$528,715
68$692,070$329,224$250,880$507,297
69$701,639$284,334$198,263$483,294
70$710,262$235,322$141,961$456,512
71$717,782$181,926$81,790$426,739
72$724,024$123,869$17,558$393,751
73$728,793$60,857$0$357,305
74$731,872$0$0$330,743
75$733,021$0$0$308,677
76$731,971$0$0$306,961
77$728,426$0$0$304,025
78$722,057$0$0$299,710
79$712,496$0$0$293,843
80$699,339$0$0$286,229
81$682,136$0$0$276,655
82$660,390$0$0$264,883
83$633,549$0$0$250,651
84$601,003$0$0$233,667
85$562,076$0$0$213,611
86$516,022$0$0$190,127
87$462,013$0$0$162,821
88$399,137$0$0$131,258
89$326,382$0$0$94,960
90$242,631$0$0$53,393
91$146,651$0$0$5,972
92$37,079$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0