Can I retire at age 60 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$46,987$46,569$46,161$45,762$45,373$45,068
2 years$23,261$22,828$22,408$22,001$21,606$21,299
3 years$15,353$14,918$14,499$14,096$13,708$13,407
4 years$11,400$10,967$10,552$10,156$9,777$9,485
5 years$9,029$8,598$8,189$7,800$7,432$7,151
6 years$7,449$7,021$6,618$6,238$5,881$5,610
7 years$6,320$5,896$5,499$5,129$4,783$4,522
8 years$5,475$5,054$4,664$4,302$3,968$3,718
9 years$4,817$4,400$4,017$3,665$3,341$3,102
10 years$4,291$3,879$3,502$3,159$2,847$2,618
11 years$3,861$3,453$3,083$2,749$2,448$2,230
12 years$3,503$3,099$2,736$2,411$2,122$1,913
13 years$3,201$2,801$2,445$2,129$1,850$1,652
14 years$2,942$2,546$2,197$1,890$1,622$1,433
15 years$2,717$2,326$1,983$1,685$1,428$1,248
16 years$2,521$2,134$1,798$1,509$1,262$1,092
17 years$2,348$1,965$1,636$1,356$1,119$957
18 years$2,194$1,816$1,494$1,222$995$842
19 years$2,057$1,683$1,367$1,104$887$742
20 years$1,934$1,564$1,255$1,000$792$655
21 years$1,822$1,457$1,154$908$709$579
22 years$1,721$1,360$1,064$825$635$513
23 years$1,629$1,272$982$752$570$455
24 years$1,545$1,192$908$685$513$404
25 years$1,467$1,118$841$626$461$359
26 years$1,395$1,051$780$572$416$320
27 years$1,329$989$725$524$375$285
28 years$1,268$932$674$480$338$254
29 years$1,211$879$627$440$305$226
30 years$1,158$830$584$404$276$202
31 years$1,109$785$544$371$249$180
32 years$1,062$743$508$341$226$161
33 years$1,019$703$474$314$204$144
34 years$978$667$443$288$185$128
35 years$940$632$414$266$167$115
36 years$904$600$388$245$152$103
37 years$870$570$363$225$137$92
38 years$837$542$340$208$125$82
39 years$807$515$318$192$113$73
40 years$778$490$298$177$103$66
41 years$750$466$280$163$93$59
42 years$724$444$262$150$84$53
43 years$700$423$246$139$77$47
44 years$676$403$231$128$70$42
45 years$654$385$217$118$63$38
46 years$632$367$204$109$57$34
47 years$612$350$191$101$52$30
48 years$592$334$180$93$47$27
49 years$573$319$169$86$43$24
50 years$556$305$159$80$39$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $569,000, adding $4,882 every year, while hoping to spend $29,606 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: 48/36/16 Blend
59$569,000$569,000$569,000$569,000
60$632,074$601,917$593,097$659,362
61$665,045$599,910$581,465$676,750
62$700,386$596,813$568,452$692,194
63$738,310$592,540$553,979$708,321
64$779,045$587,003$537,965$725,205
65$822,847$580,105$520,325$742,931
66$869,992$571,745$500,972$761,593
67$920,788$561,818$479,811$781,297
68$975,570$550,209$456,747$802,163
69$1,034,707$536,797$431,676$824,322
70$1,098,605$521,458$404,495$847,925
71$1,167,708$504,054$375,090$873,138
72$1,242,506$484,445$343,348$900,146
73$1,323,538$462,480$309,147$929,159
74$1,411,396$437,998$272,360$960,408
75$1,506,730$410,832$232,856$994,151
76$1,610,257$380,803$190,497$1,030,678
77$1,722,763$347,722$145,139$1,070,310
78$1,845,115$311,391$96,631$1,113,405
79$1,978,266$271,598$44,817$1,160,362
80$2,123,264$228,121$0$1,211,625
81$2,281,264$180,726$0$1,269,476
82$2,453,534$129,162$0$1,340,955
83$2,641,472$73,169$0$1,419,044
84$2,846,617$12,469$0$1,504,451
85$3,070,662$0$0$1,597,962
86$3,315,471$0$0$1,721,533
87$3,583,095$0$0$1,862,080
88$3,875,795$0$0$2,015,860
89$4,196,058$0$0$2,184,186
90$4,546,623$0$0$2,368,507
91$4,930,506$0$0$2,570,417
92$5,351,029$0$0$2,791,672
93$5,811,851$0$0$3,034,206
94$6,317,000$0$0$3,300,149
95$6,870,912$0$0$3,591,845
96$7,478,475$0$0$3,911,880
97$8,145,072$0$0$4,263,099
98$8,876,631$0$0$4,648,637
99$9,679,683$0$0$5,071,947
100$10,561,421$0$0$5,536,833