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%13.7%
1 years$45,006$44,605$44,214$43,832$43,459$42,792
2 years$22,280$21,865$21,463$21,073$20,695$20,024
3 years$14,706$14,289$13,888$13,502$13,130$12,477
4 years$10,919$10,504$10,107$9,727$9,364$8,734
5 years$8,648$8,235$7,843$7,471$7,118$6,512
6 years$7,135$6,725$6,339$5,975$5,633$5,052
7 years$6,054$5,647$5,267$4,912$4,581$4,025
8 years$5,244$4,841$4,467$4,121$3,800$3,270
9 years$4,614$4,215$3,848$3,510$3,200$2,694
10 years$4,110$3,715$3,354$3,026$2,727$2,245
11 years$3,698$3,307$2,953$2,633$2,345$1,888
12 years$3,356$2,969$2,621$2,310$2,032$1,598
13 years$3,066$2,683$2,342$2,039$1,772$1,361
14 years$2,817$2,438$2,104$1,810$1,553$1,164
15 years$2,602$2,228$1,900$1,614$1,368$1,000
16 years$2,415$2,044$1,722$1,445$1,209$862
17 years$2,249$1,882$1,567$1,299$1,072$745
18 years$2,102$1,739$1,431$1,170$953$645
19 years$1,970$1,612$1,310$1,058$849$560
20 years$1,852$1,498$1,202$958$759$487
21 years$1,746$1,395$1,106$869$679$424
22 years$1,649$1,302$1,019$790$609$370
23 years$1,560$1,218$941$720$546$323
24 years$1,479$1,141$870$657$491$282
25 years$1,405$1,071$806$600$442$247
26 years$1,337$1,007$747$548$398$216
27 years$1,273$947$694$502$359$189
28 years$1,215$893$645$460$324$166
29 years$1,160$842$600$422$292$145
30 years$1,109$795$559$387$264$127
31 years$1,062$752$521$355$239$112
32 years$1,018$711$486$327$216$98
33 years$976$674$454$300$196$86
34 years$937$639$424$276$177$75
35 years$900$606$397$254$160$66
36 years$866$575$371$234$145$58
37 years$833$546$347$216$132$51
38 years$802$519$325$199$119$45
39 years$773$493$305$183$108$39
40 years$745$469$286$169$98$35
41 years$719$447$268$156$89$30
42 years$694$426$251$144$81$27
43 years$670$405$236$133$73$24
44 years$648$386$221$123$67$21
45 years$626$369$208$113$60$18
46 years$605$352$195$105$55$16
47 years$586$336$183$97$50$14
48 years$567$320$172$89$45$12
49 years$549$306$162$83$41$11
50 years$532$292$152$76$37$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $545,000, adding $5,425 every year, while hoping to spend $21,998 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: 37/49/14 Blend
59$545,000$545,000$545,000$545,000
60$606,186$577,301$568,853$625,840
61$644,611$582,183$564,504$645,315
62$686,219$586,567$559,272$663,825
63$731,309$590,405$553,104$683,341
64$780,215$593,647$545,945$703,965
65$833,300$596,239$537,737$725,808
66$890,965$598,123$528,420$748,996
67$953,650$599,238$517,929$773,668
68$1,021,842$599,520$506,199$799,979
69$1,096,073$598,899$493,160$828,101
70$1,176,930$597,304$478,739$858,226
71$1,265,061$594,655$462,860$890,566
72$1,361,175$590,872$445,444$925,358
73$1,466,056$585,865$426,408$962,864
74$1,580,566$579,544$405,664$1,003,374
75$1,705,651$571,810$383,122$1,047,213
76$1,842,358$562,559$358,686$1,094,738
77$1,991,834$551,680$332,258$1,146,348
78$2,155,346$539,057$303,734$1,202,484
79$2,334,287$524,567$273,005$1,263,634
80$2,530,192$508,078$239,958$1,330,340
81$2,744,750$489,452$204,475$1,403,205
82$2,979,822$468,543$166,432$1,482,892
83$3,237,457$445,194$125,701$1,570,139
84$3,519,912$419,243$82,146$1,665,763
85$3,829,673$390,516$35,628$1,770,668
86$4,169,477$358,829$0$1,885,855
87$4,542,341$323,989$0$2,014,526
88$4,951,585$285,790$0$2,161,627
89$5,400,869$244,016$0$2,323,213
90$5,894,223$198,439$0$2,500,808
91$6,436,087$148,815$0$2,696,099
92$7,031,352$94,891$0$2,910,948
93$7,685,405$36,395$0$3,147,414
94$8,404,182$0$0$3,407,769
95$9,194,223$0$0$3,709,061
96$10,062,732$0$0$4,061,934
97$11,017,646$0$0$4,449,997
98$12,067,710$0$0$4,876,817
99$13,222,557$0$0$5,346,318
100$14,492,802$0$0$5,862,829