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%14.1%
1 years$46,987$46,569$46,161$45,762$45,373$44,603
2 years$23,261$22,828$22,408$22,001$21,606$20,833
3 years$15,353$14,918$14,499$14,096$13,708$12,955
4 years$11,400$10,967$10,552$10,156$9,777$9,050
5 years$9,029$8,598$8,189$7,800$7,432$6,734
6 years$7,449$7,021$6,618$6,238$5,881$5,212
7 years$6,320$5,896$5,499$5,129$4,783$4,144
8 years$5,475$5,054$4,664$4,302$3,968$3,358
9 years$4,817$4,400$4,017$3,665$3,341$2,761
10 years$4,291$3,879$3,502$3,159$2,847$2,295
11 years$3,861$3,453$3,083$2,749$2,448$1,925
12 years$3,503$3,099$2,736$2,411$2,122$1,626
13 years$3,201$2,801$2,445$2,129$1,850$1,381
14 years$2,942$2,546$2,197$1,890$1,622$1,178
15 years$2,717$2,326$1,983$1,685$1,428$1,009
16 years$2,521$2,134$1,798$1,509$1,262$867
17 years$2,348$1,965$1,636$1,356$1,119$747
18 years$2,194$1,816$1,494$1,222$995$645
19 years$2,057$1,683$1,367$1,104$887$559
20 years$1,934$1,564$1,255$1,000$792$484
21 years$1,822$1,457$1,154$908$709$420
22 years$1,721$1,360$1,064$825$635$365
23 years$1,629$1,272$982$752$570$318
24 years$1,545$1,192$908$685$513$277
25 years$1,467$1,118$841$626$461$241
26 years$1,395$1,051$780$572$416$211
27 years$1,329$989$725$524$375$184
28 years$1,268$932$674$480$338$161
29 years$1,211$879$627$440$305$140
30 years$1,158$830$584$404$276$123
31 years$1,109$785$544$371$249$107
32 years$1,062$743$508$341$226$94
33 years$1,019$703$474$314$204$82
34 years$978$667$443$288$185$72
35 years$940$632$414$266$167$63
36 years$904$600$388$245$152$55
37 years$870$570$363$225$137$48
38 years$837$542$340$208$125$42
39 years$807$515$318$192$113$37
40 years$778$490$298$177$103$32
41 years$750$466$280$163$93$28
42 years$724$444$262$150$84$25
43 years$700$423$246$139$77$22
44 years$676$403$231$128$70$19
45 years$654$385$217$118$63$17
46 years$632$367$204$109$57$15
47 years$612$350$191$101$52$13
48 years$592$334$180$93$47$11
49 years$573$319$169$86$43$10
50 years$556$305$159$80$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $569,000, adding $2,072 every year, while hoping to spend $25,049 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: 33/43/24 Blend
59$569,000$569,000$569,000$569,000
60$629,175$599,018$590,199$645,264
61$666,699$601,718$583,318$660,228
62$707,211$603,711$575,368$673,940
63$750,989$604,935$566,286$688,214
64$798,339$605,326$556,005$703,116
65$849,598$604,815$544,459$718,720
66$905,134$603,329$531,576$735,110
67$965,355$600,789$517,281$752,380
68$1,030,707$597,113$501,496$770,637
69$1,101,682$592,215$484,139$789,998
70$1,178,820$586,000$465,124$810,598
71$1,262,717$578,371$444,363$832,587
72$1,354,026$569,223$421,761$856,132
73$1,453,468$558,447$397,222$881,421
74$1,561,835$545,924$370,642$908,664
75$1,679,999$531,531$341,915$938,097
76$1,808,920$515,137$310,930$969,981
77$1,949,654$496,602$277,570$1,004,610
78$2,103,363$475,781$241,714$1,042,309
79$2,271,329$452,517$203,234$1,083,442
80$2,454,960$426,645$161,997$1,128,415
81$2,655,808$397,993$117,866$1,177,680
82$2,875,581$366,376$70,696$1,231,739
83$3,116,161$331,599$20,335$1,291,151
84$3,379,620$293,457$0$1,356,538
85$3,668,237$251,733$0$1,437,146
86$3,984,527$206,197$0$1,531,300
87$4,331,254$156,607$0$1,634,685
88$4,711,468$102,706$0$1,748,292
89$5,128,524$44,225$0$1,873,221
90$5,586,120$0$0$2,010,685
91$6,088,326$0$0$2,171,078
92$6,639,628$0$0$2,370,210
93$7,244,968$0$0$2,588,950
94$7,909,787$0$0$2,829,277
95$8,640,081$0$0$3,093,370
96$9,442,456$0$0$3,383,628
97$10,324,187$0$0$3,702,696
98$11,293,291$0$0$4,053,489
99$12,358,598$0$0$4,439,215
100$13,529,839$0$0$4,863,413