Can I retire at age 60 with 569,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$46,987$46,569$46,161$45,762$45,373$43,973
2 years$23,261$22,828$22,408$22,001$21,606$20,208
3 years$15,353$14,918$14,499$14,096$13,708$12,356
4 years$11,400$10,967$10,552$10,156$9,777$8,480
5 years$9,029$8,598$8,189$7,800$7,432$6,195
6 years$7,449$7,021$6,618$6,238$5,881$4,704
7 years$6,320$5,896$5,499$5,129$4,783$3,667
8 years$5,475$5,054$4,664$4,302$3,968$2,912
9 years$4,817$4,400$4,017$3,665$3,341$2,344
10 years$4,291$3,879$3,502$3,159$2,847$1,907
11 years$3,861$3,453$3,083$2,749$2,448$1,564
12 years$3,503$3,099$2,736$2,411$2,122$1,291
13 years$3,201$2,801$2,445$2,129$1,850$1,071
14 years$2,942$2,546$2,197$1,890$1,622$892
15 years$2,717$2,326$1,983$1,685$1,428$746
16 years$2,521$2,134$1,798$1,509$1,262$625
17 years$2,348$1,965$1,636$1,356$1,119$525
18 years$2,194$1,816$1,494$1,222$995$442
19 years$2,057$1,683$1,367$1,104$887$373
20 years$1,934$1,564$1,255$1,000$792$315
21 years$1,822$1,457$1,154$908$709$266
22 years$1,721$1,360$1,064$825$635$225
23 years$1,629$1,272$982$752$570$190
24 years$1,545$1,192$908$685$513$161
25 years$1,467$1,118$841$626$461$137
26 years$1,395$1,051$780$572$416$116
27 years$1,329$989$725$524$375$98
28 years$1,268$932$674$480$338$84
29 years$1,211$879$627$440$305$71
30 years$1,158$830$584$404$276$60
31 years$1,109$785$544$371$249$51
32 years$1,062$743$508$341$226$43
33 years$1,019$703$474$314$204$37
34 years$978$667$443$288$185$31
35 years$940$632$414$266$167$27
36 years$904$600$388$245$152$23
37 years$870$570$363$225$137$19
38 years$837$542$340$208$125$16
39 years$807$515$318$192$113$14
40 years$778$490$298$177$103$12
41 years$750$466$280$163$93$10
42 years$724$444$262$150$84$9
43 years$700$423$246$139$77$7
44 years$676$403$231$128$70$6
45 years$654$385$217$118$63$5
46 years$632$367$204$109$57$4
47 years$612$350$191$101$52$4
48 years$592$334$180$93$47$3
49 years$573$319$169$86$43$3
50 years$556$305$159$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $569,000, adding $2,567 every year, while hoping to spend $41,895 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: 46/34/20 Blend
59$569,000$569,000$569,000$569,000
60$629,686$599,529$590,709$654,942
61$649,338$584,330$565,922$657,678
62$669,590$566,982$538,900$656,271
63$690,460$547,336$509,525$653,873
64$711,964$525,232$477,672$650,411
65$734,121$500,505$443,210$645,809
66$756,948$472,977$406,005$639,984
67$780,464$442,460$365,913$632,849
68$804,688$408,756$322,787$624,312
69$829,637$371,657$276,472$614,276
70$855,332$330,940$226,805$602,640
71$881,791$286,371$173,619$589,294
72$909,035$237,704$116,736$574,123
73$937,082$184,677$55,972$557,007
74$965,953$127,015$0$537,818
75$995,667$64,426$0$518,314
76$1,026,245$0$0$509,329
77$1,057,705$0$0$500,070
78$1,090,068$0$0$515,339
79$1,123,354$0$0$531,039
80$1,157,580$0$0$547,179
81$1,192,766$0$0$563,767
82$1,228,931$0$0$580,812
83$1,266,091$0$0$598,322
84$1,304,263$0$0$616,302
85$1,343,464$0$0$634,761
86$1,383,707$0$0$653,703
87$1,425,006$0$0$673,135
88$1,467,372$0$0$693,061
89$1,510,816$0$0$713,484
90$1,555,345$0$0$734,407
91$1,600,965$0$0$755,830
92$1,647,677$0$0$777,754
93$1,695,481$0$0$800,176
94$1,744,374$0$0$823,093
95$1,794,346$0$0$846,498
96$1,845,384$0$0$870,383
97$1,897,471$0$0$894,737
98$1,950,582$0$0$919,546
99$2,004,687$0$0$944,791
100$2,059,748$0$0$970,453