Can I retire at age 60 with 549,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $549,000?

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$45,336$44,932$44,538$44,154$43,778$42,894
2 years$22,444$22,026$21,620$21,228$20,847$19,960
3 years$14,814$14,394$13,990$13,601$13,226$12,364
4 years$11,000$10,581$10,181$9,799$9,433$8,603
5 years$8,712$8,296$7,901$7,526$7,171$6,374
6 years$7,187$6,774$6,385$6,019$5,674$4,912
7 years$6,098$5,689$5,306$4,948$4,614$3,888
8 years$5,282$4,876$4,500$4,151$3,828$3,136
9 years$4,648$4,246$3,876$3,536$3,224$2,566
10 years$4,140$3,742$3,379$3,048$2,747$2,123
11 years$3,726$3,332$2,975$2,653$2,362$1,771
12 years$3,380$2,990$2,640$2,327$2,047$1,488
13 years$3,088$2,702$2,359$2,054$1,785$1,257
14 years$2,838$2,456$2,119$1,823$1,565$1,067
15 years$2,622$2,244$1,913$1,626$1,378$909
16 years$2,432$2,059$1,735$1,456$1,218$777
17 years$2,265$1,896$1,579$1,308$1,080$666
18 years$2,117$1,752$1,441$1,179$960$572
19 years$1,985$1,624$1,319$1,065$856$492
20 years$1,866$1,509$1,211$965$764$424
21 years$1,758$1,405$1,114$876$684$366
22 years$1,661$1,312$1,026$796$613$316
23 years$1,572$1,227$948$725$550$273
24 years$1,490$1,150$876$661$495$236
25 years$1,415$1,079$812$604$445$205
26 years$1,346$1,014$753$552$401$177
27 years$1,283$954$699$505$362$154
28 years$1,224$899$650$463$326$134
29 years$1,169$848$605$425$295$116
30 years$1,118$801$563$390$266$101
31 years$1,070$757$525$358$241$87
32 years$1,025$717$490$329$218$76
33 years$983$679$458$303$197$66
34 years$944$643$427$278$178$57
35 years$907$610$400$256$162$50
36 years$872$579$374$236$146$43
37 years$839$550$350$217$133$38
38 years$808$523$328$200$120$33
39 years$778$497$307$185$109$29
40 years$751$473$288$170$99$25
41 years$724$450$270$157$90$22
42 years$699$429$253$145$81$19
43 years$675$408$238$134$74$16
44 years$652$389$223$124$67$14
45 years$631$371$209$114$61$12
46 years$610$354$197$106$55$11
47 years$590$338$185$97$50$9
48 years$571$323$174$90$46$8
49 years$553$308$163$83$41$7
50 years$536$294$153$77$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $549,000, adding $4,300 every year, while hoping to spend $35,814 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: 57/14/29 Blend
59$549,000$549,000$549,000$549,000
60$609,433$580,336$571,827$639,091
61$633,490$570,667$552,877$650,281
62$658,800$559,324$532,093$658,374
63$685,453$546,186$509,373$666,469
64$713,548$531,128$484,616$674,581
65$743,191$514,014$457,712$682,722
66$774,498$494,703$428,547$690,912
67$807,598$473,044$397,004$699,173
68$842,628$448,878$362,959$707,532
69$879,739$422,037$326,281$716,020
70$919,098$392,342$286,837$724,674
71$960,884$359,605$244,484$733,539
72$1,005,296$323,627$199,076$742,665
73$1,052,549$284,198$150,458$752,111
74$1,102,880$241,095$98,470$761,944
75$1,156,549$194,084$42,944$772,244
76$1,213,840$142,916$0$783,100
77$1,275,062$87,330$0$799,660
78$1,340,558$27,048$0$831,504
79$1,410,700$0$0$865,521
80$1,485,900$0$0$907,809
81$1,566,606$0$0$957,699
82$1,653,311$0$0$1,011,333
83$1,746,559$0$0$1,069,049
84$1,846,943$0$0$1,131,221
85$1,955,117$0$0$1,198,259
86$2,071,798$0$0$1,270,611
87$2,197,773$0$0$1,348,772
88$2,333,910$0$0$1,433,285
89$2,481,160$0$0$1,524,747
90$2,640,569$0$0$1,623,815
91$2,813,286$0$0$1,731,208
92$3,000,578$0$0$1,847,722
93$3,203,833$0$0$1,974,227
94$3,424,583$0$0$2,111,685
95$3,664,508$0$0$2,261,150
96$3,925,461$0$0$2,423,783
97$4,209,477$0$0$2,600,863
98$4,518,796$0$0$2,793,796
99$4,855,884$0$0$3,004,128
100$5,223,455$0$0$3,233,563