Can I retire at age 60 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$45,253$44,850$44,457$44,073$43,698$43,387
2 years$22,403$21,985$21,581$21,189$20,809$20,494
3 years$14,787$14,368$13,964$13,576$13,202$12,895
4 years$10,980$10,562$10,162$9,781$9,416$9,118
5 years$8,696$8,281$7,887$7,513$7,158$6,870
6 years$7,174$6,762$6,373$6,008$5,664$5,387
7 years$6,087$5,678$5,296$4,939$4,606$4,340
8 years$5,272$4,867$4,492$4,144$3,821$3,566
9 years$4,639$4,238$3,869$3,529$3,218$2,974
10 years$4,133$3,736$3,373$3,042$2,742$2,508
11 years$3,719$3,326$2,969$2,648$2,358$2,135
12 years$3,374$2,985$2,635$2,322$2,043$1,831
13 years$3,083$2,697$2,354$2,050$1,782$1,579
14 years$2,833$2,452$2,115$1,820$1,562$1,369
15 years$2,617$2,240$1,910$1,623$1,375$1,192
16 years$2,428$2,055$1,732$1,453$1,216$1,042
17 years$2,261$1,893$1,576$1,306$1,078$913
18 years$2,113$1,749$1,438$1,177$958$802
19 years$1,981$1,621$1,317$1,063$854$707
20 years$1,862$1,506$1,209$963$763$623
21 years$1,755$1,403$1,112$874$683$551
22 years$1,658$1,310$1,025$795$612$488
23 years$1,569$1,225$946$724$549$432
24 years$1,488$1,148$875$660$494$384
25 years$1,413$1,077$810$603$444$341
26 years$1,344$1,012$752$551$400$303
27 years$1,280$953$698$505$361$270
28 years$1,221$898$649$462$326$240
29 years$1,167$847$604$424$294$214
30 years$1,115$800$562$389$266$191
31 years$1,068$756$524$357$240$170
32 years$1,023$715$489$328$217$152
33 years$981$677$457$302$197$135
34 years$942$642$427$278$178$121
35 years$905$609$399$256$161$108
36 years$870$578$373$236$146$96
37 years$837$549$349$217$132$86
38 years$806$522$327$200$120$77
39 years$777$496$306$184$109$69
40 years$749$472$287$170$99$61
41 years$723$449$269$157$90$55
42 years$698$428$253$145$81$49
43 years$674$408$237$134$74$44
44 years$651$389$223$123$67$39
45 years$629$371$209$114$61$35
46 years$609$354$196$105$55$31
47 years$589$337$184$97$50$28
48 years$570$322$173$90$46$25
49 years$552$308$163$83$41$23
50 years$535$294$153$77$38$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $548,000, adding $6,168 every year, while hoping to spend $35,357 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: 68/26/6 Blend
59$548,000$548,000$548,000$548,000
60$610,258$581,214$572,720$650,803
61$634,885$572,074$554,287$669,321
62$660,839$561,301$534,051$684,676
63$688,217$548,778$511,915$700,507
64$717,128$534,380$487,776$716,853
65$747,686$517,977$461,528$733,761
66$780,021$499,428$433,059$751,279
67$814,269$478,586$402,253$769,465
68$850,583$455,296$368,988$788,383
69$889,129$429,392$333,135$808,103
70$930,089$400,700$294,563$828,707
71$973,659$369,035$253,132$850,283
72$1,020,058$334,204$208,698$872,933
73$1,069,522$295,998$161,108$896,769
74$1,122,313$254,201$110,204$921,916
75$1,178,714$208,583$55,822$948,516
76$1,239,040$158,900$0$976,726
77$1,303,631$104,896$0$1,006,864
78$1,372,865$46,299$0$1,042,806
79$1,447,152$0$0$1,081,206
80$1,526,946$0$0$1,127,235
81$1,612,743$0$0$1,190,992
82$1,705,088$0$0$1,259,639
83$1,804,578$0$0$1,333,624
84$1,911,873$0$0$1,413,439
85$2,027,693$0$0$1,499,624
86$2,152,832$0$0$1,592,773
87$2,288,162$0$0$1,693,539
88$2,434,642$0$0$1,802,640
89$2,593,325$0$0$1,920,864
90$2,765,370$0$0$2,049,080
91$2,952,051$0$0$2,188,241
92$3,154,768$0$0$2,339,396
93$3,375,063$0$0$2,503,699
94$3,614,631$0$0$2,682,420
95$3,875,337$0$0$2,876,957
96$4,159,233$0$0$3,088,845
97$4,468,579$0$0$3,319,777
98$4,805,858$0$0$3,571,613
99$5,173,807$0$0$3,846,404
100$5,575,436$0$0$4,146,403