Can I retire at age 60 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$45,584$45,178$44,781$44,395$44,017$43,612
2 years$22,566$22,146$21,739$21,344$20,961$20,552
3 years$14,895$14,473$14,066$13,675$13,298$12,900
4 years$11,060$10,639$10,237$9,852$9,484$9,098
5 years$8,759$8,341$7,944$7,567$7,210$6,838
6 years$7,226$6,811$6,420$6,052$5,705$5,347
7 years$6,132$5,720$5,335$4,975$4,640$4,296
8 years$5,311$4,903$4,525$4,174$3,849$3,520
9 years$4,673$4,269$3,897$3,555$3,241$2,927
10 years$4,163$3,763$3,397$3,065$2,762$2,461
11 years$3,746$3,350$2,991$2,667$2,375$2,089
12 years$3,399$3,007$2,655$2,339$2,058$1,785
13 years$3,105$2,717$2,372$2,065$1,795$1,535
14 years$2,854$2,470$2,131$1,833$1,573$1,327
15 years$2,636$2,256$1,924$1,635$1,385$1,151
16 years$2,446$2,070$1,744$1,464$1,224$1,002
17 years$2,278$1,906$1,587$1,315$1,086$875
18 years$2,129$1,762$1,449$1,185$965$767
19 years$1,996$1,633$1,326$1,071$860$673
20 years$1,876$1,517$1,217$970$769$591
21 years$1,768$1,413$1,120$880$688$521
22 years$1,670$1,319$1,032$801$616$459
23 years$1,580$1,234$953$729$553$406
24 years$1,498$1,156$881$665$497$358
25 years$1,423$1,085$816$607$448$317
26 years$1,354$1,020$757$555$403$281
27 years$1,290$960$703$508$363$249
28 years$1,230$904$653$466$328$221
29 years$1,175$853$608$427$296$196
30 years$1,124$806$566$392$268$174
31 years$1,076$761$528$360$242$154
32 years$1,031$721$493$331$219$137
33 years$989$682$460$304$198$122
34 years$949$647$430$280$179$108
35 years$912$613$402$258$162$96
36 years$877$582$376$237$147$86
37 years$844$553$352$219$133$76
38 years$812$526$330$202$121$68
39 years$783$500$309$186$110$60
40 years$755$475$289$171$99$54
41 years$728$453$271$158$90$48
42 years$703$431$255$146$82$43
43 years$679$411$239$135$74$38
44 years$656$391$224$124$67$34
45 years$634$373$210$115$61$30
46 years$613$356$198$106$56$27
47 years$593$340$186$98$50$24
48 years$574$324$175$91$46$21
49 years$556$310$164$84$42$19
50 years$539$296$154$77$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $552,000, adding $6,101 every year, while hoping to spend $31,458 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: 63/18/19 Blend
59$552,000$552,000$552,000$552,000
60$614,597$585,341$576,785$649,975
61$643,815$580,552$562,636$669,736
62$674,959$574,473$546,959$687,215
63$708,192$567,010$529,670$705,570
64$743,692$558,058$510,679$724,886
65$781,657$547,511$489,894$745,263
66$822,301$535,254$467,220$766,808
67$865,859$521,165$442,556$789,643
68$912,589$505,115$415,795$813,902
69$962,777$486,969$386,827$839,734
70$1,016,732$466,583$355,538$867,307
71$1,074,797$443,803$321,807$896,805
72$1,137,347$418,470$285,508$928,434
73$1,204,794$390,413$246,510$962,422
74$1,277,591$359,451$204,676$999,023
75$1,356,235$325,394$159,862$1,038,517
76$1,441,274$288,041$111,920$1,081,218
77$1,533,307$247,178$60,693$1,127,471
78$1,632,996$202,582$6,018$1,177,662
79$1,741,067$154,014$0$1,232,216
80$1,858,319$101,223$0$1,302,215
81$1,985,629$43,945$0$1,379,564
82$2,123,965$0$0$1,463,660
83$2,274,389$0$0$1,558,771
84$2,438,070$0$0$1,671,771
85$2,616,295$0$0$1,794,847
86$2,810,480$0$0$1,928,983
87$3,022,182$0$0$2,075,260
88$3,253,116$0$0$2,234,866
89$3,505,170$0$0$2,409,112
90$3,780,420$0$0$2,599,439
91$4,081,155$0$0$2,807,435
92$4,409,891$0$0$3,034,846
93$4,769,400$0$0$3,283,596
94$5,162,735$0$0$3,555,803
95$5,593,256$0$0$3,853,799
96$6,064,664$0$0$4,180,153
97$6,581,033$0$0$4,537,694
98$7,146,853$0$0$4,929,535
99$7,767,064$0$0$5,359,107
100$8,447,110$0$0$5,830,189