Can I retire at age 60 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$46,162$45,751$45,349$44,958$44,575$44,073
2 years$22,852$22,427$22,014$21,614$21,226$20,721
3 years$15,084$14,656$14,245$13,849$13,467$12,974
4 years$11,200$10,774$10,366$9,977$9,605$9,128
5 years$8,870$8,447$8,045$7,663$7,301$6,842
6 years$7,318$6,897$6,501$6,128$5,777$5,336
7 years$6,209$5,792$5,403$5,039$4,698$4,275
8 years$5,378$4,965$4,582$4,227$3,898$3,493
9 years$4,732$4,323$3,946$3,600$3,283$2,896
10 years$4,216$3,811$3,441$3,103$2,797$2,428
11 years$3,793$3,392$3,029$2,701$2,405$2,054
12 years$3,442$3,045$2,688$2,369$2,084$1,750
13 years$3,144$2,752$2,402$2,092$1,818$1,500
14 years$2,890$2,501$2,158$1,857$1,593$1,292
15 years$2,669$2,285$1,948$1,656$1,403$1,117
16 years$2,477$2,096$1,766$1,483$1,240$970
17 years$2,307$1,931$1,607$1,332$1,099$844
18 years$2,156$1,784$1,467$1,200$978$736
19 years$2,021$1,653$1,343$1,085$871$644
20 years$1,900$1,536$1,233$982$778$564
21 years$1,790$1,431$1,134$892$696$495
22 years$1,691$1,336$1,045$811$624$435
23 years$1,600$1,249$965$738$560$382
24 years$1,517$1,171$892$673$504$337
25 years$1,441$1,099$827$615$453$297
26 years$1,371$1,032$767$562$408$262
27 years$1,306$972$712$515$368$231
28 years$1,246$916$662$472$332$204
29 years$1,190$864$616$432$300$180
30 years$1,138$816$574$397$271$159
31 years$1,089$771$535$364$245$141
32 years$1,044$730$499$335$222$125
33 years$1,001$691$466$308$201$110
34 years$961$655$435$283$182$98
35 years$923$621$407$261$164$87
36 years$888$590$381$240$149$77
37 years$854$560$356$221$135$68
38 years$823$532$334$204$122$60
39 years$793$506$313$188$111$53
40 years$764$481$293$174$101$47
41 years$737$458$275$160$91$42
42 years$712$436$258$148$83$37
43 years$687$416$242$136$75$33
44 years$664$396$227$126$68$29
45 years$642$378$213$116$62$26
46 years$621$361$200$107$56$23
47 years$601$344$188$99$51$20
48 years$582$329$177$92$46$18
49 years$563$314$166$85$42$16
50 years$546$300$156$78$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $559,000, adding $4,116 every year, while hoping to spend $35,735 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: 39/38/23 Blend
59$559,000$559,000$559,000$559,000
60$620,264$590,637$581,972$640,074
61$645,509$581,556$563,446$645,694
62$672,131$570,833$543,102$648,105
63$700,234$558,349$520,842$649,996
64$729,928$543,979$496,561$651,343
65$761,337$527,590$470,152$652,118
66$794,594$509,042$441,502$652,298
67$829,845$488,187$410,494$651,856
68$867,248$464,868$377,005$650,770
69$906,979$438,917$340,906$649,019
70$949,227$410,161$302,063$646,581
71$994,201$378,411$260,335$643,440
72$1,042,129$343,473$215,575$639,580
73$1,093,261$305,139$167,632$634,990
74$1,147,871$263,188$116,345$629,661
75$1,206,259$217,389$61,548$623,592
76$1,268,753$167,497$3,066$616,784
77$1,335,715$113,253$0$609,245
78$1,407,540$54,384$0$615,557
79$1,484,662$0$0$622,929
80$1,567,556$0$0$634,621
81$1,656,748$0$0$671,723
82$1,752,809$0$0$711,738
83$1,856,372$0$0$754,937
84$1,968,129$0$0$801,617
85$2,088,840$0$0$852,103
86$2,219,343$0$0$906,753
87$2,360,557$0$0$965,960
88$2,513,492$0$0$1,030,159
89$2,679,259$0$0$1,099,825
90$2,859,080$0$0$1,175,481
91$3,054,299$0$0$1,257,703
92$3,266,394$0$0$1,347,126
93$3,496,989$0$0$1,444,445
94$3,747,875$0$0$1,550,428
95$4,021,017$0$0$1,665,919
96$4,318,583$0$0$1,791,846
97$4,642,954$0$0$1,929,232
98$4,996,752$0$0$2,079,202
99$5,382,865$0$0$2,242,994
100$5,804,470$0$0$2,421,972