Can I retire at age 60 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$44,593$44,195$43,808$43,430$43,060$42,505
2 years$22,076$21,664$21,266$20,880$20,505$19,946
3 years$14,571$14,158$13,761$13,378$13,009$12,464
4 years$10,819$10,408$10,014$9,638$9,278$8,751
5 years$8,569$8,160$7,771$7,403$7,053$6,546
6 years$7,069$6,663$6,280$5,920$5,581$5,094
7 years$5,998$5,596$5,219$4,867$4,539$4,073
8 years$5,195$4,796$4,426$4,083$3,765$3,320
9 years$4,571$4,176$3,812$3,478$3,171$2,746
10 years$4,072$3,681$3,324$2,998$2,702$2,296
11 years$3,665$3,277$2,926$2,609$2,324$1,938
12 years$3,325$2,941$2,597$2,289$2,014$1,647
13 years$3,038$2,658$2,320$2,020$1,756$1,408
14 years$2,792$2,416$2,085$1,794$1,539$1,209
15 years$2,579$2,207$1,882$1,599$1,355$1,043
16 years$2,392$2,025$1,706$1,432$1,198$903
17 years$2,228$1,865$1,553$1,287$1,062$783
18 years$2,083$1,723$1,417$1,160$944$682
19 years$1,952$1,597$1,298$1,048$842$594
20 years$1,835$1,484$1,191$949$752$519
21 years$1,730$1,382$1,095$861$673$454
22 years$1,633$1,290$1,010$783$603$398
23 years$1,546$1,207$932$713$541$349
24 years$1,466$1,131$862$650$487$306
25 years$1,392$1,061$798$594$438$269
26 years$1,324$997$741$543$394$236
27 years$1,262$939$688$497$356$208
28 years$1,204$884$639$456$321$183
29 years$1,150$834$595$418$290$161
30 years$1,099$788$554$383$262$142
31 years$1,052$745$517$352$237$125
32 years$1,008$705$482$324$214$111
33 years$967$668$450$298$194$97
34 years$928$633$420$274$175$86
35 years$892$600$393$252$159$76
36 years$858$570$368$232$144$67
37 years$825$541$344$214$130$59
38 years$795$514$322$197$118$52
39 years$766$489$302$182$107$46
40 years$738$465$283$168$97$41
41 years$712$443$265$155$88$36
42 years$687$422$249$143$80$32
43 years$664$402$234$132$73$28
44 years$642$383$219$122$66$25
45 years$620$365$206$112$60$22
46 years$600$348$193$104$54$19
47 years$581$332$182$96$49$17
48 years$562$317$171$89$45$15
49 years$544$303$160$82$41$13
50 years$527$289$151$76$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $540,000, adding $4,835 every year, while hoping to spend $35,201 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: 63/30/7 Blend
59$540,000$540,000$540,000$540,000
60$600,067$571,447$563,077$636,768
61$623,821$561,995$544,487$652,389
62$648,817$550,899$524,094$664,872
63$675,146$538,043$501,801$677,592
64$702,905$523,301$477,505$690,569
65$732,201$506,542$451,101$703,829
66$763,149$487,627$422,477$717,400
67$795,877$466,407$391,516$731,316
68$830,522$442,726$358,097$745,614
69$867,234$416,419$322,093$760,338
70$906,179$387,311$283,370$775,537
71$947,537$355,217$241,791$791,269
72$991,505$319,941$197,210$807,598
73$1,038,298$281,278$149,476$824,599
74$1,088,152$239,008$98,431$842,355
75$1,141,326$192,902$43,910$860,960
76$1,198,102$142,715$0$880,524
77$1,258,790$88,190$0$902,232
78$1,323,731$29,055$0$928,726
79$1,393,297$0$0$956,890
80$1,467,897$0$0$998,460
81$1,547,979$0$0$1,053,407
82$1,634,036$0$0$1,112,483
83$1,726,608$0$0$1,176,060
84$1,826,288$0$0$1,244,550
85$1,933,728$0$0$1,318,405
86$2,049,644$0$0$1,398,121
87$2,174,820$0$0$1,484,243
88$2,310,123$0$0$1,577,371
89$2,456,501$0$0$1,678,161
90$2,614,997$0$0$1,787,340
91$2,786,761$0$0$1,905,701
92$2,973,052$0$0$2,034,122
93$3,175,260$0$0$2,173,563
94$3,394,910$0$0$2,325,084
95$3,633,681$0$0$2,489,849
96$3,893,420$0$0$2,669,141
97$4,176,160$0$0$2,864,367
98$4,484,135$0$0$3,077,081
99$4,819,808$0$0$3,308,988
100$5,185,885$0$0$3,561,969