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%16.9%
1 years$46,162$45,751$45,349$44,958$44,575$43,322
2 years$22,852$22,427$22,014$21,614$21,226$19,973
3 years$15,084$14,656$14,245$13,849$13,467$12,253
4 years$11,200$10,774$10,366$9,977$9,605$8,440
5 years$8,870$8,447$8,045$7,663$7,301$6,188
6 years$7,318$6,897$6,501$6,128$5,777$4,717
7 years$6,209$5,792$5,403$5,039$4,698$3,691
8 years$5,378$4,965$4,582$4,227$3,898$2,943
9 years$4,732$4,323$3,946$3,600$3,283$2,379
10 years$4,216$3,811$3,441$3,103$2,797$1,944
11 years$3,793$3,392$3,029$2,701$2,405$1,602
12 years$3,442$3,045$2,688$2,369$2,084$1,328
13 years$3,144$2,752$2,402$2,092$1,818$1,107
14 years$2,890$2,501$2,158$1,857$1,593$927
15 years$2,669$2,285$1,948$1,656$1,403$779
16 years$2,477$2,096$1,766$1,483$1,240$656
17 years$2,307$1,931$1,607$1,332$1,099$554
18 years$2,156$1,784$1,467$1,200$978$469
19 years$2,021$1,653$1,343$1,085$871$397
20 years$1,900$1,536$1,233$982$778$337
21 years$1,790$1,431$1,134$892$696$287
22 years$1,691$1,336$1,045$811$624$244
23 years$1,600$1,249$965$738$560$207
24 years$1,517$1,171$892$673$504$177
25 years$1,441$1,099$827$615$453$151
26 years$1,371$1,032$767$562$408$129
27 years$1,306$972$712$515$368$110
28 years$1,246$916$662$472$332$94
29 years$1,190$864$616$432$300$80
30 years$1,138$816$574$397$271$68
31 years$1,089$771$535$364$245$58
32 years$1,044$730$499$335$222$50
33 years$1,001$691$466$308$201$43
34 years$961$655$435$283$182$36
35 years$923$621$407$261$164$31
36 years$888$590$381$240$149$27
37 years$854$560$356$221$135$23
38 years$823$532$334$204$122$19
39 years$793$506$313$188$111$17
40 years$764$481$293$174$101$14
41 years$737$458$275$160$91$12
42 years$712$436$258$148$83$10
43 years$687$416$242$136$75$9
44 years$664$396$227$126$68$8
45 years$642$378$213$116$62$7
46 years$621$361$200$107$56$6
47 years$601$344$188$99$51$5
48 years$582$329$177$92$46$4
49 years$563$314$166$85$42$3
50 years$546$300$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $559,000, adding $2,066 every year, while hoping to spend $43,939 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: 56/22/22 Blend
59$559,000$559,000$559,000$559,000
60$618,149$588,522$579,858$648,973
61$634,450$570,609$552,532$652,365
62$650,940$550,345$522,818$651,220
63$667,593$527,570$490,590$649,027
64$684,379$502,111$455,716$645,699
65$701,260$473,789$418,057$641,140
66$718,195$442,412$377,469$635,247
67$735,139$407,778$333,802$627,911
68$752,037$369,673$286,898$619,014
69$768,829$327,871$236,593$608,430
70$785,446$282,133$182,716$596,021
71$801,811$232,208$125,086$581,642
72$817,838$177,828$63,519$565,135
73$833,428$118,712$0$546,330
74$848,471$54,562$0$525,558
75$862,845$0$0$518,055
76$876,411$0$0$512,348
77$889,017$0$0$519,229
78$900,489$0$0$525,383
79$910,637$0$0$530,690
80$919,246$0$0$535,017
81$926,078$0$0$538,217
82$930,869$0$0$540,125
83$933,324$0$0$540,559
84$933,116$0$0$539,315
85$929,881$0$0$536,168
86$923,216$0$0$530,868
87$912,674$0$0$523,138
88$897,759$0$0$512,671
89$877,919$0$0$499,125
90$852,547$0$0$482,123
91$820,967$0$0$461,248
92$782,431$0$0$436,037
93$736,113$0$0$405,979
94$681,098$0$0$370,507
95$616,373$0$0$328,995
96$540,819$0$0$280,750
97$453,198$0$0$225,008
98$352,142$0$0$160,922
99$236,139$0$0$87,558
100$103,518$0$0$3,883