Can I retire at age 60 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$44,675$44,277$43,889$43,510$43,140$42,636
2 years$22,116$21,705$21,305$20,918$20,543$20,036
3 years$14,598$14,184$13,786$13,403$13,033$12,539
4 years$10,839$10,427$10,033$9,656$9,295$8,817
5 years$8,585$8,175$7,786$7,417$7,066$6,606
6 years$7,082$6,675$6,292$5,931$5,591$5,149
7 years$6,009$5,606$5,229$4,876$4,547$4,123
8 years$5,205$4,805$4,434$4,091$3,772$3,367
9 years$4,580$4,184$3,819$3,484$3,177$2,789
10 years$4,080$3,688$3,330$3,003$2,707$2,337
11 years$3,671$3,283$2,931$2,614$2,328$1,976
12 years$3,331$2,947$2,602$2,293$2,017$1,683
13 years$3,043$2,663$2,324$2,024$1,759$1,441
14 years$2,797$2,421$2,088$1,797$1,542$1,241
15 years$2,583$2,211$1,886$1,602$1,358$1,072
16 years$2,397$2,029$1,710$1,435$1,200$930
17 years$2,232$1,868$1,556$1,289$1,064$809
18 years$2,086$1,727$1,420$1,162$946$705
19 years$1,956$1,600$1,300$1,050$843$616
20 years$1,839$1,487$1,193$951$753$539
21 years$1,733$1,385$1,097$863$674$473
22 years$1,637$1,293$1,011$785$604$415
23 years$1,549$1,209$934$715$542$365
24 years$1,469$1,133$864$652$487$321
25 years$1,395$1,063$800$595$439$283
26 years$1,327$999$742$544$395$249
27 years$1,264$940$689$498$356$220
28 years$1,206$886$640$456$321$194
29 years$1,152$836$596$419$290$171
30 years$1,101$789$555$384$262$151
31 years$1,054$746$518$353$237$134
32 years$1,010$706$483$324$214$118
33 years$969$669$451$298$194$104
34 years$930$634$421$274$176$92
35 years$894$601$394$253$159$82
36 years$859$571$368$233$144$72
37 years$827$542$345$214$131$64
38 years$796$515$323$197$119$57
39 years$767$490$303$182$107$50
40 years$740$466$284$168$97$44
41 years$714$444$266$155$88$39
42 years$689$422$249$143$80$35
43 years$665$402$234$132$73$31
44 years$643$384$220$122$66$27
45 years$621$366$206$113$60$24
46 years$601$349$194$104$54$22
47 years$582$333$182$96$49$19
48 years$563$318$171$89$45$17
49 years$545$304$161$82$41$15
50 years$528$290$151$76$37$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $541,000, adding $3,205 every year, while hoping to spend $42,401 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: 50/28/22 Blend
59$541,000$541,000$541,000$541,000
60$599,488$570,815$562,429$625,619
61$615,521$553,671$536,157$626,935
62$631,769$534,265$507,582$623,793
63$648,208$512,443$476,585$619,499
64$664,812$488,039$443,037$613,961
65$681,550$460,880$406,806$607,081
66$698,386$430,781$367,752$598,754
67$715,280$397,548$325,731$588,866
68$732,186$360,975$280,590$577,299
69$749,050$320,844$232,171$563,922
70$765,813$276,925$180,308$548,598
71$782,408$228,976$124,830$531,179
72$798,757$176,739$65,555$511,507
73$814,775$119,944$2,296$489,412
74$830,364$58,304$0$464,711
75$845,417$0$0$452,519
76$859,812$0$0$441,501
77$873,412$0$0$447,979
78$886,066$0$0$453,903
79$897,602$0$0$459,178
80$907,831$0$0$463,699
81$916,542$0$0$467,349
82$923,499$0$0$469,996
83$928,440$0$0$471,494
84$931,073$0$0$471,683
85$931,075$0$0$470,382
86$928,085$0$0$467,391
87$921,705$0$0$462,490
88$911,491$0$0$455,433
89$896,952$0$0$445,948
90$877,543$0$0$433,733
91$852,661$0$0$418,455
92$821,639$0$0$399,744
93$783,735$0$0$377,190
94$738,131$0$0$350,340
95$683,921$0$0$318,695
96$620,102$0$0$281,699
97$545,565$0$0$238,740
98$459,086$0$0$189,142
99$359,309$0$0$132,154
100$244,737$0$0$66,951