Can I retire at age 60 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$45,831$45,423$45,025$44,636$44,256$42,874
2 years$22,689$22,266$21,857$21,460$21,075$19,694
3 years$14,976$14,551$14,143$13,749$13,371$12,035
4 years$11,120$10,697$10,292$9,906$9,536$8,256
5 years$8,807$8,386$7,987$7,609$7,249$6,028
6 years$7,265$6,848$6,455$6,085$5,736$4,575
7 years$6,165$5,751$5,364$5,002$4,665$3,564
8 years$5,340$4,930$4,549$4,196$3,870$2,828
9 years$4,698$4,292$3,918$3,574$3,259$2,275
10 years$4,186$3,783$3,416$3,081$2,777$1,850
11 years$3,766$3,368$3,007$2,682$2,388$1,516
12 years$3,417$3,023$2,669$2,352$2,070$1,251
13 years$3,122$2,732$2,385$2,077$1,805$1,037
14 years$2,869$2,483$2,143$1,843$1,582$863
15 years$2,650$2,268$1,934$1,644$1,393$721
16 years$2,459$2,081$1,754$1,472$1,231$604
17 years$2,290$1,917$1,596$1,323$1,092$507
18 years$2,140$1,771$1,457$1,192$971$427
19 years$2,007$1,642$1,334$1,077$865$359
20 years$1,886$1,525$1,224$975$773$303
21 years$1,778$1,421$1,126$885$691$256
22 years$1,679$1,326$1,038$805$620$216
23 years$1,589$1,240$958$733$556$183
24 years$1,507$1,162$886$669$500$155
25 years$1,431$1,091$821$611$450$131
26 years$1,361$1,025$761$558$405$111
27 years$1,297$965$707$511$365$94
28 years$1,237$909$657$468$330$80
29 years$1,181$858$611$429$298$68
30 years$1,130$810$570$394$269$58
31 years$1,081$766$531$362$243$49
32 years$1,036$724$495$333$220$41
33 years$994$686$463$306$199$35
34 years$954$650$432$281$180$30
35 years$917$617$404$259$163$25
36 years$881$585$378$239$148$22
37 years$848$556$354$220$134$18
38 years$817$528$331$203$122$16
39 years$787$502$310$187$110$13
40 years$759$478$291$172$100$11
41 years$732$455$273$159$91$10
42 years$707$433$256$147$82$8
43 years$682$413$240$135$75$7
44 years$659$394$225$125$68$6
45 years$637$375$212$115$62$5
46 years$617$358$199$107$56$4
47 years$597$342$187$99$51$4
48 years$578$326$175$91$46$3
49 years$559$311$165$84$42$3
50 years$542$298$155$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $555,000, adding $3,607 every year, while hoping to spend $25,564 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: 73/9/18 Blend
59$555,000$555,000$555,000$555,000
60$615,331$585,916$577,313$657,407
61$650,894$587,426$569,453$687,322
62$689,229$588,153$560,473$716,631
63$730,590$588,032$550,309$748,077
64$775,258$586,993$538,892$781,867
65$823,542$584,963$526,152$818,227
66$875,781$581,864$512,016$857,411
67$932,347$577,613$496,406$899,696
68$993,652$572,121$479,240$945,389
69$1,060,145$565,295$460,435$994,828
70$1,132,322$557,037$439,902$1,048,385
71$1,210,729$547,242$417,549$1,106,473
72$1,295,964$535,798$393,278$1,169,546
73$1,388,689$522,588$366,989$1,238,104
74$1,489,628$507,488$338,576$1,312,700
75$1,599,581$490,366$307,930$1,393,944
76$1,719,427$471,082$274,933$1,482,508
77$1,850,132$449,489$239,468$1,579,135
78$1,992,763$425,431$201,406$1,684,643
79$2,148,489$398,742$160,619$1,799,935
80$2,318,603$369,248$116,967$1,926,006
81$2,504,524$336,764$70,309$2,063,956
82$2,707,815$301,096$20,494$2,214,997
83$2,930,199$262,036$0$2,380,464
84$3,173,570$219,367$0$2,568,107
85$3,440,018$172,859$0$2,777,886
86$3,731,839$122,269$0$3,007,686
87$4,051,565$67,339$0$3,259,519
88$4,401,985$7,798$0$3,535,602
89$4,786,168$0$0$3,838,378
90$5,207,496$0$0$4,176,148
91$5,669,693$0$0$4,547,555
92$6,176,861$0$0$4,955,127
93$6,733,520$0$0$5,402,499
94$7,344,647$0$0$5,893,674
95$8,015,724$0$0$6,433,063
96$8,752,792$0$0$7,025,523
97$9,562,504$0$0$7,676,408
98$10,452,190$0$0$8,391,613
99$11,429,924$0$0$9,177,633
100$12,504,603$0$0$10,041,625