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%13.6%
1 years$45,584$45,178$44,781$44,395$44,017$43,359
2 years$22,566$22,146$21,739$21,344$20,961$20,299
3 years$14,895$14,473$14,066$13,675$13,298$12,654
4 years$11,060$10,639$10,237$9,852$9,484$8,862
5 years$8,759$8,341$7,944$7,567$7,210$6,612
6 years$7,226$6,811$6,420$6,052$5,705$5,131
7 years$6,132$5,720$5,335$4,975$4,640$4,091
8 years$5,311$4,903$4,525$4,174$3,849$3,325
9 years$4,673$4,269$3,897$3,555$3,241$2,742
10 years$4,163$3,763$3,397$3,065$2,762$2,286
11 years$3,746$3,350$2,991$2,667$2,375$1,923
12 years$3,399$3,007$2,655$2,339$2,058$1,629
13 years$3,105$2,717$2,372$2,065$1,795$1,388
14 years$2,854$2,470$2,131$1,833$1,573$1,189
15 years$2,636$2,256$1,924$1,635$1,385$1,022
16 years$2,446$2,070$1,744$1,464$1,224$881
17 years$2,278$1,906$1,587$1,315$1,086$762
18 years$2,129$1,762$1,449$1,185$965$661
19 years$1,996$1,633$1,326$1,071$860$574
20 years$1,876$1,517$1,217$970$769$499
21 years$1,768$1,413$1,120$880$688$435
22 years$1,670$1,319$1,032$801$616$380
23 years$1,580$1,234$953$729$553$332
24 years$1,498$1,156$881$665$497$290
25 years$1,423$1,085$816$607$448$254
26 years$1,354$1,020$757$555$403$222
27 years$1,290$960$703$508$363$195
28 years$1,230$904$653$466$328$171
29 years$1,175$853$608$427$296$150
30 years$1,124$806$566$392$268$131
31 years$1,076$761$528$360$242$115
32 years$1,031$721$493$331$219$101
33 years$989$682$460$304$198$89
34 years$949$647$430$280$179$78
35 years$912$613$402$258$162$69
36 years$877$582$376$237$147$60
37 years$844$553$352$219$133$53
38 years$812$526$330$202$121$47
39 years$783$500$309$186$110$41
40 years$755$475$289$171$99$36
41 years$728$453$271$158$90$32
42 years$703$431$255$146$82$28
43 years$679$411$239$135$74$25
44 years$656$391$224$124$67$22
45 years$634$373$210$115$61$19
46 years$613$356$198$106$56$17
47 years$593$340$186$98$50$15
48 years$574$324$175$91$46$13
49 years$556$310$164$84$42$11
50 years$539$296$154$77$38$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $552,000, adding $5,577 every year, while hoping to spend $29,967 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: 70/17/13 Blend
59$552,000$552,000$552,000$552,000
60$614,057$584,801$576,245$654,908
61$644,806$581,571$563,664$679,527
62$677,687$577,179$549,658$702,311
63$712,886$571,536$534,146$726,460
64$750,607$564,548$517,047$752,104
65$791,073$556,114$498,272$779,386
66$834,529$546,131$477,731$808,464
67$881,245$534,486$455,329$839,512
68$931,517$521,060$430,967$872,726
69$985,668$505,728$404,541$908,319
70$1,044,055$488,358$375,942$946,527
71$1,107,070$468,809$345,058$987,613
72$1,175,144$446,933$311,769$1,031,866
73$1,248,747$422,572$275,953$1,079,607
74$1,328,402$395,560$237,479$1,131,188
75$1,414,678$365,721$196,214$1,187,003
76$1,508,203$332,870$152,015$1,247,482
77$1,609,669$296,810$104,737$1,313,104
78$1,719,835$257,333$54,225$1,384,399
79$1,839,536$214,220$320$1,461,948
80$1,969,691$167,240$0$1,546,399
81$2,111,312$116,147$0$1,646,398
82$2,265,510$60,682$0$1,755,362
83$2,433,510$574$0$1,874,141
84$2,616,659$0$0$2,003,723
85$2,816,440$0$0$2,157,258
86$3,034,484$0$0$2,324,974
87$3,272,587$0$0$2,508,149
88$3,532,728$0$0$2,708,307
89$3,817,082$0$0$2,927,128
90$4,128,048$0$0$3,166,459
91$4,468,263$0$0$3,428,336
92$4,840,633$0$0$3,715,000
93$5,248,358$0$0$4,028,919
94$5,694,961$0$0$4,372,809
95$6,184,323$0$0$4,749,664
96$6,720,717$0$0$5,162,779
97$7,308,849$0$0$5,615,785
98$7,953,903$0$0$6,112,678
99$8,661,588$0$0$6,657,863
100$9,438,194$0$0$7,256,191