Can I retire at age 60 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$47,070$46,651$46,242$45,842$45,453$44,773
2 years$23,302$22,868$22,447$22,040$21,644$20,961
3 years$15,380$14,945$14,525$14,121$13,732$13,067
4 years$11,420$10,986$10,570$10,173$9,794$9,151
5 years$9,045$8,613$8,203$7,814$7,445$6,827
6 years$7,462$7,033$6,629$6,249$5,891$5,299
7 years$6,331$5,906$5,509$5,138$4,791$4,224
8 years$5,484$5,063$4,672$4,310$3,975$3,433
9 years$4,825$4,408$4,024$3,671$3,347$2,831
10 years$4,299$3,886$3,508$3,164$2,852$2,361
11 years$3,868$3,459$3,089$2,754$2,453$1,986
12 years$3,510$3,105$2,741$2,416$2,126$1,683
13 years$3,206$2,806$2,449$2,133$1,853$1,434
14 years$2,947$2,550$2,200$1,893$1,625$1,227
15 years$2,722$2,330$1,987$1,688$1,431$1,055
16 years$2,525$2,138$1,801$1,512$1,264$910
17 years$2,352$1,969$1,639$1,358$1,121$787
18 years$2,198$1,819$1,496$1,224$997$682
19 years$2,061$1,686$1,370$1,106$888$593
20 years$1,937$1,567$1,257$1,002$794$516
21 years$1,826$1,459$1,156$909$710$449
22 years$1,724$1,362$1,066$827$637$392
23 years$1,632$1,274$984$753$571$342
24 years$1,547$1,194$910$687$514$299
25 years$1,470$1,120$843$627$462$262
26 years$1,398$1,053$782$573$416$230
27 years$1,332$991$726$525$375$201
28 years$1,270$934$675$481$339$176
29 years$1,213$881$628$441$306$155
30 years$1,160$832$585$405$276$136
31 years$1,111$786$545$372$250$119
32 years$1,064$744$509$342$226$105
33 years$1,021$705$475$314$205$92
34 years$980$668$444$289$185$81
35 years$942$633$415$266$168$71
36 years$905$601$388$245$152$62
37 years$871$571$363$226$138$55
38 years$839$543$340$208$125$48
39 years$808$516$319$192$113$42
40 years$779$491$299$177$103$37
41 years$752$467$280$163$93$33
42 years$726$445$263$151$85$29
43 years$701$424$247$139$77$25
44 years$677$404$231$128$70$22
45 years$655$385$217$119$63$20
46 years$633$368$204$110$57$17
47 years$613$351$192$101$52$15
48 years$593$335$180$94$47$13
49 years$574$320$169$86$43$12
50 years$557$306$159$80$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $570,000, adding $6,858 every year, while hoping to spend $20,471 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: 54/39/7 Blend
59$570,000$570,000$570,000$570,000
60$635,214$605,004$596,169$668,105
61$678,225$612,868$594,360$698,995
62$724,937$620,432$591,804$729,754
63$775,705$627,658$588,454$762,733
64$830,923$634,508$584,263$798,147
65$891,019$640,942$579,178$836,231
66$956,468$646,913$573,146$877,245
67$1,027,792$652,376$566,110$921,476
68$1,105,565$657,281$558,013$969,240
69$1,190,418$661,573$548,792$1,020,889
70$1,283,047$665,196$538,382$1,076,807
71$1,384,217$668,090$526,717$1,137,420
72$1,494,770$670,189$513,726$1,203,199
73$1,615,635$671,427$499,334$1,274,663
74$1,747,833$671,730$483,465$1,352,383
75$1,892,488$671,021$466,037$1,436,992
76$2,050,839$669,218$446,966$1,529,187
77$2,224,249$666,234$426,164$1,629,738
78$2,414,220$661,977$403,538$1,739,494
79$2,622,406$656,350$378,992$1,859,392
80$2,850,628$649,247$352,424$1,990,466
81$3,100,891$640,559$323,730$2,133,857
82$3,375,405$630,170$292,798$2,290,825
83$3,676,604$617,956$259,515$2,462,758
84$4,007,168$603,786$223,759$2,651,190
85$4,370,049$587,522$185,405$2,857,812
86$4,768,500$569,016$144,321$3,084,490
87$5,206,103$548,114$100,372$3,333,282
88$5,686,805$524,651$53,414$3,606,459
89$6,214,953$498,453$3,297$3,906,528
90$6,795,338$469,336$0$4,236,250
91$7,433,235$437,106$0$4,602,425
92$8,134,457$401,557$0$5,005,173
93$8,905,411$362,472$0$5,447,969
94$9,753,150$319,621$0$5,934,919
95$10,685,450$272,760$0$6,470,548
96$11,710,874$221,634$0$7,059,850
97$12,838,861$165,972$0$7,708,329
98$14,079,806$105,486$0$8,422,054
99$15,445,167$39,875$0$9,207,720
100$16,947,565$0$0$10,072,707