Can I retire at age 60 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$44,923$44,523$44,132$43,751$43,379$42,766
2 years$22,239$21,825$21,424$21,034$20,657$20,040
3 years$14,679$14,263$13,862$13,477$13,106$12,505
4 years$10,899$10,485$10,088$9,709$9,347$8,767
5 years$8,632$8,220$7,829$7,458$7,105$6,547
6 years$7,121$6,712$6,327$5,964$5,622$5,087
7 years$6,043$5,637$5,258$4,903$4,572$4,060
8 years$5,234$4,832$4,459$4,113$3,793$3,304
9 years$4,605$4,207$3,841$3,504$3,194$2,727
10 years$4,103$3,708$3,348$3,020$2,722$2,277
11 years$3,692$3,301$2,948$2,628$2,341$1,918
12 years$3,349$2,963$2,616$2,305$2,029$1,627
13 years$3,060$2,678$2,337$2,035$1,769$1,388
14 years$2,812$2,434$2,100$1,807$1,551$1,190
15 years$2,598$2,224$1,896$1,611$1,365$1,024
16 years$2,410$2,040$1,719$1,443$1,207$885
17 years$2,245$1,879$1,564$1,296$1,070$766
18 years$2,098$1,736$1,428$1,168$951$665
19 years$1,967$1,609$1,307$1,056$848$579
20 years$1,849$1,495$1,200$956$757$504
21 years$1,742$1,393$1,104$868$678$440
22 years$1,646$1,300$1,017$789$608$385
23 years$1,557$1,216$939$718$545$336
24 years$1,477$1,139$868$655$490$295
25 years$1,403$1,069$804$598$441$258
26 years$1,334$1,005$746$547$397$227
27 years$1,271$946$693$501$358$199
28 years$1,212$891$644$459$323$175
29 years$1,158$841$599$421$292$153
30 years$1,107$794$558$386$264$135
31 years$1,060$750$520$355$238$119
32 years$1,016$710$486$326$216$104
33 years$974$672$453$300$195$92
34 years$935$637$424$276$177$81
35 years$899$605$396$254$160$71
36 years$864$574$370$234$145$63
37 years$831$545$347$215$131$55
38 years$801$518$325$199$119$49
39 years$771$492$304$183$108$43
40 years$744$469$285$169$98$38
41 years$718$446$267$156$89$33
42 years$693$425$251$144$81$29
43 years$669$405$235$133$73$26
44 years$646$386$221$123$66$23
45 years$625$368$207$113$60$20
46 years$604$351$195$105$55$18
47 years$585$335$183$97$50$16
48 years$566$320$172$89$45$14
49 years$548$305$162$82$41$12
50 years$531$292$152$76$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $544,000, adding $5,053 every year, while hoping to spend $54,886 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: 52/32/16 Blend
59$544,000$544,000$544,000$544,000
60$604,700$575,868$567,436$633,270
61$607,981$545,687$528,047$623,218
62$609,758$512,188$485,499$606,091
63$609,818$475,150$439,628$586,248
64$607,926$434,340$390,263$563,447
65$603,823$389,511$337,225$537,427
66$597,219$340,403$280,328$507,904
67$587,794$286,741$219,377$474,569
68$575,191$228,233$154,168$437,089
69$559,017$164,573$84,489$395,098
70$538,835$95,436$10,119$348,202
71$514,164$20,480$0$295,971
72$484,467$0$0$249,759
73$449,154$0$0$221,207
74$407,570$0$0$196,238
75$358,991$0$0$167,226
76$302,618$0$0$133,709
77$237,565$0$0$95,180
78$162,856$0$0$51,079
79$77,409$0$0$784
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$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