Can I retire at age 60 with 552,000?

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 $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%16.8%
1 years$45,584$45,178$44,781$44,395$44,017$42,797
2 years$22,566$22,146$21,739$21,344$20,961$19,740
3 years$14,895$14,473$14,066$13,675$13,298$12,116
4 years$11,060$10,639$10,237$9,852$9,484$8,350
5 years$8,759$8,341$7,944$7,567$7,210$6,125
6 years$7,226$6,811$6,420$6,052$5,705$4,672
7 years$6,132$5,720$5,335$4,975$4,640$3,658
8 years$5,311$4,903$4,525$4,174$3,849$2,918
9 years$4,673$4,269$3,897$3,555$3,241$2,361
10 years$4,163$3,763$3,397$3,065$2,762$1,930
11 years$3,746$3,350$2,991$2,667$2,375$1,591
12 years$3,399$3,007$2,655$2,339$2,058$1,320
13 years$3,105$2,717$2,372$2,065$1,795$1,101
14 years$2,854$2,470$2,131$1,833$1,573$922
15 years$2,636$2,256$1,924$1,635$1,385$775
16 years$2,446$2,070$1,744$1,464$1,224$654
17 years$2,278$1,906$1,587$1,315$1,086$553
18 years$2,129$1,762$1,449$1,185$965$468
19 years$1,996$1,633$1,326$1,071$860$397
20 years$1,876$1,517$1,217$970$769$337
21 years$1,768$1,413$1,120$880$688$287
22 years$1,670$1,319$1,032$801$616$244
23 years$1,580$1,234$953$729$553$208
24 years$1,498$1,156$881$665$497$177
25 years$1,423$1,085$816$607$448$151
26 years$1,354$1,020$757$555$403$129
27 years$1,290$960$703$508$363$110
28 years$1,230$904$653$466$328$94
29 years$1,175$853$608$427$296$80
30 years$1,124$806$566$392$268$69
31 years$1,076$761$528$360$242$59
32 years$1,031$721$493$331$219$50
33 years$989$682$460$304$198$43
34 years$949$647$430$280$179$37
35 years$912$613$402$258$162$31
36 years$877$582$376$237$147$27
37 years$844$553$352$219$133$23
38 years$812$526$330$202$121$20
39 years$783$500$309$186$110$17
40 years$755$475$289$171$99$14
41 years$728$453$271$158$90$12
42 years$703$431$255$146$82$11
43 years$679$411$239$135$74$9
44 years$656$391$224$124$67$8
45 years$634$373$210$115$61$7
46 years$613$356$198$106$56$6
47 years$593$340$186$98$50$5
48 years$574$324$175$91$46$4
49 years$556$310$164$84$42$4
50 years$539$296$154$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $552,000, adding $4,799 every year, while hoping to spend $20,422 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: 78/14/8 Blend
59$552,000$552,000$552,000$552,000
60$613,254$583,998$575,442$660,031
61$654,077$590,885$572,991$698,307
62$698,380$597,425$569,773$737,143
63$746,495$603,580$565,741$779,135
64$798,790$609,308$560,845$824,586
65$855,668$614,565$555,035$873,835
66$917,572$619,305$548,255$927,250
67$984,992$623,478$540,448$985,240
68$1,058,464$627,031$531,556$1,048,253
69$1,138,579$629,908$521,515$1,116,786
70$1,225,989$632,048$510,261$1,191,382
71$1,321,410$633,389$497,725$1,272,643
72$1,425,631$633,862$483,836$1,361,231
73$1,539,520$633,395$468,518$1,457,876
74$1,664,032$631,912$451,695$1,563,381
75$1,800,220$629,333$433,283$1,678,633
76$1,949,242$625,570$413,198$1,804,608
77$2,112,375$620,533$391,351$1,942,381
78$2,291,023$614,125$367,647$2,093,139
79$2,486,734$606,244$341,989$2,258,189
80$2,701,211$596,780$314,276$2,438,970
81$2,936,330$585,618$284,401$2,637,070
82$3,194,160$572,637$252,252$2,854,239
83$3,476,975$557,707$217,713$3,092,404
84$3,787,283$540,691$180,663$3,353,691
85$4,127,845$521,445$140,975$3,640,441
86$4,501,705$499,815$98,516$3,955,237
87$4,912,211$475,639$53,149$4,300,923
88$5,363,057$448,745$4,730$4,680,635
89$5,858,307$418,952$0$5,097,830
90$6,402,441$386,067$0$5,560,323
91$7,000,395$349,890$0$6,068,998
92$7,657,605$310,203$0$6,628,092
93$8,380,060$266,783$0$7,242,720
94$9,174,358$219,387$0$7,918,519
95$10,047,771$167,765$0$8,661,700
96$11,008,306$111,649$0$9,479,110
97$12,064,790$50,756$0$10,378,291
98$13,226,945$0$0$11,367,558
99$14,505,483$0$0$12,458,416
100$15,912,208$0$0$13,667,268