Can I retire at age 60 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$45,088$44,687$44,295$43,912$43,539$41,828
2 years$22,321$21,905$21,502$21,112$20,733$19,030
3 years$14,733$14,315$13,913$13,526$13,154$11,513
4 years$10,939$10,523$10,125$9,745$9,381$7,815
5 years$8,664$8,250$7,858$7,485$7,132$5,643
6 years$7,148$6,737$6,350$5,986$5,643$4,234
7 years$6,065$5,658$5,277$4,921$4,589$3,259
8 years$5,253$4,850$4,475$4,128$3,807$2,554
9 years$4,622$4,223$3,855$3,516$3,206$2,028
10 years$4,118$3,722$3,361$3,031$2,732$1,627
11 years$3,705$3,313$2,959$2,638$2,349$1,316
12 years$3,362$2,974$2,626$2,314$2,036$1,070
13 years$3,071$2,688$2,346$2,043$1,775$875
14 years$2,823$2,443$2,108$1,813$1,556$717
15 years$2,607$2,232$1,903$1,617$1,370$590
16 years$2,419$2,048$1,725$1,448$1,211$487
17 years$2,253$1,886$1,570$1,301$1,074$403
18 years$2,106$1,742$1,433$1,173$955$333
19 years$1,974$1,615$1,312$1,059$851$277
20 years$1,856$1,501$1,204$960$760$230
21 years$1,749$1,398$1,108$871$680$191
22 years$1,652$1,305$1,021$792$610$159
23 years$1,563$1,220$943$721$547$132
24 years$1,482$1,143$872$658$492$110
25 years$1,408$1,073$807$601$443$92
26 years$1,339$1,008$749$549$399$76
27 years$1,276$949$695$503$360$64
28 years$1,217$894$646$461$324$53
29 years$1,162$844$602$422$293$44
30 years$1,111$797$560$388$265$37
31 years$1,064$753$522$356$239$31
32 years$1,019$713$487$327$216$26
33 years$978$675$455$301$196$21
34 years$939$640$425$277$177$18
35 years$902$607$397$255$161$15
36 years$867$576$372$235$146$12
37 years$834$547$348$216$132$10
38 years$803$520$326$199$120$9
39 years$774$494$305$184$108$7
40 years$746$470$286$170$98$6
41 years$720$448$268$156$89$5
42 years$695$426$252$144$81$4
43 years$671$406$236$133$73$4
44 years$649$387$222$123$67$3
45 years$627$369$208$114$61$2
46 years$607$352$196$105$55$2
47 years$587$336$184$97$50$2
48 years$568$321$173$90$45$1
49 years$550$306$162$83$41$1
50 years$533$293$153$77$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $546,000, adding $6,612 every year, while hoping to spend $33,771 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: 38/47/15 Blend
59$546,000$546,000$546,000$546,000
60$608,512$579,574$571,111$628,649
61$634,648$572,041$554,311$636,132
62$662,319$563,007$535,817$640,474
63$691,644$552,363$515,535$644,440
64$722,756$539,993$493,370$648,014
65$755,799$525,775$469,220$651,180
66$790,931$509,579$442,979$653,924
67$828,325$491,267$414,538$656,234
68$868,169$470,695$383,781$658,100
69$910,672$447,708$350,587$659,513
70$956,059$422,144$314,830$660,470
71$1,004,580$393,832$276,379$660,968
72$1,056,506$362,589$235,097$661,012
73$1,112,136$328,222$190,840$660,610
74$1,171,799$290,530$143,458$659,775
75$1,235,853$249,297$92,794$658,528
76$1,304,694$204,296$38,687$656,898
77$1,378,754$155,288$0$654,921
78$1,458,509$102,019$0$655,694
79$1,544,482$44,222$0$663,031
80$1,637,245$0$0$670,835
81$1,737,430$0$0$688,731
82$1,845,729$0$0$732,859
83$1,962,904$0$0$780,666
84$2,089,792$0$0$832,500
85$2,227,312$0$0$888,745
86$2,376,476$0$0$949,824
87$2,538,398$0$0$1,016,202
88$2,714,300$0$0$1,088,389
89$2,905,530$0$0$1,166,949
90$3,113,568$0$0$1,252,499
91$3,340,043$0$0$1,345,721
92$3,586,749$0$0$1,447,363
93$3,855,659$0$0$1,558,251
94$4,148,943$0$0$1,679,292
95$4,468,993$0$0$1,811,485
96$4,818,440$0$0$1,955,931
97$5,200,178$0$0$2,113,840
98$5,617,397$0$0$2,286,545
99$6,073,606$0$0$2,475,515
100$6,572,671$0$0$2,682,365