Can I retire at age 60 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$45,006$44,605$44,214$43,832$43,459$42,582
2 years$22,280$21,865$21,463$21,073$20,695$19,815
3 years$14,706$14,289$13,888$13,502$13,130$12,274
4 years$10,919$10,504$10,107$9,727$9,364$8,540
5 years$8,648$8,235$7,843$7,471$7,118$6,328
6 years$7,135$6,725$6,339$5,975$5,633$4,877
7 years$6,054$5,647$5,267$4,912$4,581$3,860
8 years$5,244$4,841$4,467$4,121$3,800$3,113
9 years$4,614$4,215$3,848$3,510$3,200$2,548
10 years$4,110$3,715$3,354$3,026$2,727$2,107
11 years$3,698$3,307$2,953$2,633$2,345$1,758
12 years$3,356$2,969$2,621$2,310$2,032$1,477
13 years$3,066$2,683$2,342$2,039$1,772$1,248
14 years$2,817$2,438$2,104$1,810$1,553$1,059
15 years$2,602$2,228$1,900$1,614$1,368$902
16 years$2,415$2,044$1,722$1,445$1,209$771
17 years$2,249$1,882$1,567$1,299$1,072$661
18 years$2,102$1,739$1,431$1,170$953$567
19 years$1,970$1,612$1,310$1,058$849$488
20 years$1,852$1,498$1,202$958$759$421
21 years$1,746$1,395$1,106$869$679$363
22 years$1,649$1,302$1,019$790$609$314
23 years$1,560$1,218$941$720$546$271
24 years$1,479$1,141$870$657$491$235
25 years$1,405$1,071$806$600$442$203
26 years$1,337$1,007$747$548$398$176
27 years$1,273$947$694$502$359$153
28 years$1,215$893$645$460$324$133
29 years$1,160$842$600$422$292$115
30 years$1,109$795$559$387$264$100
31 years$1,062$752$521$355$239$87
32 years$1,018$711$486$327$216$75
33 years$976$674$454$300$196$66
34 years$937$639$424$276$177$57
35 years$900$606$397$254$160$49
36 years$866$575$371$234$145$43
37 years$833$546$347$216$132$37
38 years$802$519$325$199$119$33
39 years$773$493$305$183$108$28
40 years$745$469$286$169$98$25
41 years$719$447$268$156$89$21
42 years$694$426$251$144$81$19
43 years$670$405$236$133$73$16
44 years$648$386$221$123$67$14
45 years$626$369$208$113$60$12
46 years$605$352$195$105$55$11
47 years$586$336$183$97$50$9
48 years$567$320$172$89$45$8
49 years$549$306$162$83$41$7
50 years$532$292$152$76$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $545,000, adding $6,332 every year, while hoping to spend $31,247 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: 55/19/26 Blend
59$545,000$545,000$545,000$545,000
60$607,121$578,236$569,789$635,849
61$635,801$573,323$555,630$651,396
62$666,359$567,122$539,950$664,545
63$698,954$559,537$522,664$678,224
64$733,759$550,466$503,685$692,494
65$770,964$539,801$482,921$707,425
66$810,779$527,428$460,275$723,093
67$853,432$513,226$435,648$739,588
68$899,175$497,066$408,935$757,007
69$948,282$478,814$380,025$775,461
70$1,001,055$458,325$348,805$795,073
71$1,057,827$435,447$315,154$815,984
72$1,118,962$410,020$278,948$838,346
73$1,184,860$381,874$240,056$862,336
74$1,255,959$350,830$198,342$888,145
75$1,332,744$316,697$153,663$915,992
76$1,415,743$279,275$105,871$946,117
77$1,505,541$238,352$54,810$978,790
78$1,602,779$193,703$318$1,014,312
79$1,708,160$145,093$0$1,053,016
80$1,822,460$92,270$0$1,111,321
81$1,946,530$34,970$0$1,174,732
82$2,081,308$0$0$1,243,674
83$2,227,825$0$0$1,324,376
84$2,387,215$0$0$1,420,166
85$2,560,726$0$0$1,524,489
86$2,749,730$0$0$1,638,176
87$2,955,738$0$0$1,762,141
88$3,180,414$0$0$1,897,393
89$3,425,587$0$0$2,045,040
90$3,693,272$0$0$2,206,300
91$3,985,686$0$0$2,382,519
92$4,305,271$0$0$2,575,173
93$4,654,715$0$0$2,785,893
94$5,036,977$0$0$3,016,469
95$5,455,315$0$0$3,268,875
96$5,913,318$0$0$3,545,287
97$6,414,936$0$0$3,848,096
98$6,964,520$0$0$4,179,939
99$7,566,863$0$0$4,543,719
100$8,227,241$0$0$4,942,634