Can I retire at age 60 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$44,510$44,114$43,727$43,349$42,981$41,806
2 years$22,035$21,624$21,227$20,841$20,467$19,292
3 years$14,544$14,132$13,735$13,353$12,985$11,847
4 years$10,799$10,388$9,996$9,620$9,261$8,168
5 years$8,553$8,145$7,757$7,389$7,040$5,995
6 years$7,056$6,651$6,269$5,909$5,571$4,575
7 years$5,987$5,585$5,209$4,858$4,530$3,584
8 years$5,186$4,788$4,418$4,075$3,758$2,861
9 years$4,563$4,168$3,805$3,471$3,165$2,316
10 years$4,065$3,674$3,317$2,992$2,697$1,895
11 years$3,658$3,271$2,921$2,604$2,319$1,563
12 years$3,319$2,936$2,592$2,284$2,010$1,298
13 years$3,032$2,653$2,316$2,017$1,753$1,083
14 years$2,786$2,412$2,081$1,790$1,536$908
15 years$2,574$2,203$1,879$1,597$1,353$764
16 years$2,388$2,021$1,703$1,430$1,196$644
17 years$2,224$1,862$1,550$1,284$1,060$545
18 years$2,079$1,720$1,415$1,158$943$462
19 years$1,949$1,594$1,295$1,046$840$392
20 years$1,832$1,481$1,189$947$750$333
21 years$1,726$1,380$1,093$860$672$284
22 years$1,630$1,288$1,008$782$602$242
23 years$1,543$1,205$930$712$540$206
24 years$1,463$1,129$861$649$486$176
25 years$1,390$1,059$797$593$437$150
26 years$1,322$996$739$542$394$128
27 years$1,259$937$686$496$355$110
28 years$1,201$883$638$455$320$94
29 years$1,147$833$594$417$289$80
30 years$1,097$787$553$383$261$69
31 years$1,050$744$516$351$236$59
32 years$1,006$704$481$323$214$50
33 years$965$666$449$297$193$43
34 years$927$631$420$273$175$37
35 years$890$599$392$252$159$32
36 years$856$568$367$232$144$27
37 years$824$540$344$213$130$23
38 years$793$513$322$197$118$20
39 years$764$488$301$181$107$17
40 years$737$464$283$167$97$15
41 years$711$442$265$154$88$12
42 years$686$421$249$142$80$11
43 years$663$401$233$132$73$9
44 years$640$382$219$121$66$8
45 years$619$364$206$112$60$7
46 years$599$348$193$104$54$6
47 years$579$332$181$96$49$5
48 years$561$317$170$88$45$4
49 years$543$302$160$82$41$4
50 years$526$289$151$76$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $539,000, adding $4,715 every year, while hoping to spend $20,513 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: 63/13/24 Blend
59$539,000$539,000$539,000$539,000
60$598,842$570,275$561,920$632,516
61$638,098$576,392$558,919$661,960
62$680,670$582,122$555,129$691,412
63$726,877$587,424$550,504$723,122
64$777,064$592,254$544,992$757,314
65$831,616$596,566$538,541$794,235
66$890,954$600,311$531,095$834,156
67$955,542$603,437$522,597$877,379
68$1,025,890$605,887$512,986$924,234
69$1,102,559$607,604$502,200$975,087
70$1,186,167$608,524$490,170$1,030,344
71$1,277,394$608,579$476,829$1,090,449
72$1,376,989$607,700$462,104$1,155,896
73$1,485,775$605,811$445,918$1,227,225
74$1,604,660$602,832$428,192$1,305,038
75$1,734,643$598,678$408,844$1,389,995
76$1,876,822$593,259$387,786$1,482,826
77$2,032,409$586,480$364,928$1,584,336
78$2,202,737$578,240$340,175$1,695,413
79$2,389,273$568,431$313,428$1,817,037
80$2,593,635$556,939$284,583$1,950,290
81$2,817,602$543,646$253,533$2,096,364
82$3,063,135$528,422$220,164$2,256,576
83$3,332,394$511,134$184,359$2,432,376
84$3,627,757$491,638$145,994$2,625,368
85$3,951,844$469,785$104,941$2,837,316
86$4,307,541$445,413$61,065$3,070,169
87$4,698,026$418,354$14,226$3,326,077
88$5,126,801$388,429$0$3,607,409
89$5,597,722$355,450$0$3,925,938
90$6,115,039$319,216$0$4,279,872
91$6,683,432$279,517$0$4,668,784
92$7,308,059$236,130$0$5,096,225
93$7,994,598$188,818$0$5,566,106
94$8,749,311$137,333$0$6,082,737
95$9,579,090$81,413$0$6,650,870
96$10,491,534$20,778$0$7,275,741
97$11,495,011$0$0$7,963,118
98$12,598,743$0$0$8,725,781
99$13,812,890$0$0$9,568,053
100$15,148,646$0$0$10,494,731