Can I retire at age 60 with 537,000?

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 $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%12.2%
1 years$44,345$43,950$43,565$43,188$42,821$42,427
2 years$21,953$21,544$21,148$20,764$20,391$19,994
3 years$14,490$14,079$13,684$13,303$12,937$12,549
4 years$10,759$10,350$9,958$9,584$9,227$8,851
5 years$8,521$8,114$7,728$7,362$7,014$6,652
6 years$7,030$6,626$6,246$5,887$5,550$5,202
7 years$5,965$5,564$5,190$4,840$4,514$4,179
8 years$5,167$4,770$4,402$4,060$3,744$3,424
9 years$4,546$4,153$3,791$3,459$3,153$2,847
10 years$4,050$3,661$3,305$2,981$2,687$2,394
11 years$3,644$3,259$2,910$2,595$2,311$2,032
12 years$3,306$2,925$2,582$2,276$2,002$1,737
13 years$3,021$2,643$2,307$2,009$1,746$1,493
14 years$2,776$2,403$2,073$1,784$1,531$1,291
15 years$2,564$2,195$1,872$1,591$1,348$1,120
16 years$2,379$2,014$1,697$1,424$1,191$975
17 years$2,216$1,855$1,544$1,280$1,056$852
18 years$2,071$1,714$1,410$1,153$939$746
19 years$1,942$1,588$1,290$1,042$837$654
20 years$1,825$1,476$1,184$944$748$575
21 years$1,720$1,375$1,089$857$669$507
22 years$1,624$1,283$1,004$779$600$447
23 years$1,537$1,200$927$709$538$395
24 years$1,458$1,125$857$647$484$349
25 years$1,384$1,055$794$591$435$309
26 years$1,317$992$736$540$392$273
27 years$1,255$933$684$494$354$242
28 years$1,197$880$636$453$319$215
29 years$1,143$830$592$415$288$191
30 years$1,093$784$551$381$260$169
31 years$1,046$741$514$350$235$150
32 years$1,003$701$479$322$213$133
33 years$962$664$448$296$193$119
34 years$923$629$418$272$174$105
35 years$887$597$391$251$158$94
36 years$853$566$366$231$143$83
37 years$821$538$342$213$130$74
38 years$790$511$321$196$118$66
39 years$761$486$300$181$107$59
40 years$734$463$281$167$97$52
41 years$708$440$264$154$88$47
42 years$684$419$248$142$80$41
43 years$660$400$232$131$72$37
44 years$638$381$218$121$66$33
45 years$617$363$205$112$60$29
46 years$597$346$192$103$54$26
47 years$577$331$181$95$49$23
48 years$559$316$170$88$45$21
49 years$541$301$160$81$41$18
50 years$524$288$150$75$37$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $537,000, adding $3,348 every year, while hoping to spend $20,352 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: 52/25/23 Blend
59$537,000$537,000$537,000$537,000
60$595,227$566,766$558,443$622,216
61$634,286$572,884$555,496$647,335
62$676,647$578,618$551,769$672,277
63$722,625$583,931$547,213$698,986
64$772,567$588,777$541,779$727,637
65$826,854$593,113$535,414$758,424
66$885,907$596,889$528,064$791,563
67$950,186$600,053$519,671$827,291
68$1,020,200$602,551$510,175$865,870
69$1,096,508$604,324$499,514$907,590
70$1,179,725$605,309$487,621$952,772
71$1,270,529$605,441$474,428$1,001,770
72$1,369,665$604,649$459,863$1,054,977
73$1,477,953$602,859$443,850$1,112,825
74$1,596,296$599,992$426,312$1,175,791
75$1,725,690$595,963$407,165$1,244,406
76$1,867,229$590,684$386,323$1,319,252
77$2,022,119$584,060$363,698$1,400,974
78$2,191,687$575,991$339,194$1,490,284
79$2,377,396$566,371$312,713$1,587,970
80$2,580,855$555,088$284,154$1,694,899
81$2,803,837$542,022$253,407$1,812,031
82$3,048,295$527,047$220,363$1,940,426
83$3,316,379$510,030$184,903$2,081,253
84$3,610,458$490,831$146,906$2,235,803
85$3,933,141$469,298$106,244$2,405,503
86$4,287,302$445,274$62,784$2,591,925
87$4,676,107$418,592$16,387$2,796,807
88$5,103,041$389,075$0$3,022,067
89$5,571,947$356,535$0$3,277,950
90$6,087,056$320,776$0$3,563,483
91$6,653,030$281,588$0$3,877,255
92$7,275,003$238,750$0$4,222,151
93$7,958,633$192,028$0$4,601,352
94$8,710,154$141,178$0$5,018,365
95$9,536,431$85,937$0$5,477,055
96$10,445,031$26,032$0$5,981,687
97$11,444,288$0$0$6,536,959
98$12,543,386$0$0$7,158,735
99$13,752,443$0$0$7,850,656
100$15,082,608$0$0$8,611,947