Can I retire at age 60 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$47,235$46,814$46,404$46,003$45,612$44,312
2 years$23,384$22,948$22,526$22,117$21,720$20,420
3 years$15,434$14,997$14,576$14,171$13,780$12,521
4 years$11,460$11,024$10,608$10,209$9,828$8,620
5 years$9,077$8,643$8,232$7,842$7,471$6,317
6 years$7,488$7,058$6,653$6,271$5,912$4,813
7 years$6,354$5,927$5,528$5,156$4,808$3,764
8 years$5,503$5,081$4,688$4,325$3,989$2,999
9 years$4,842$4,424$4,038$3,684$3,359$2,423
10 years$4,314$3,899$3,521$3,176$2,862$1,979
11 years$3,882$3,471$3,099$2,764$2,461$1,629
12 years$3,522$3,116$2,751$2,424$2,133$1,350
13 years$3,218$2,816$2,458$2,140$1,860$1,125
14 years$2,957$2,559$2,208$1,900$1,630$941
15 years$2,731$2,338$1,994$1,694$1,436$790
16 years$2,534$2,145$1,808$1,517$1,269$665
17 years$2,360$1,976$1,645$1,363$1,125$561
18 years$2,206$1,825$1,501$1,228$1,000$474
19 years$2,068$1,692$1,375$1,110$892$402
20 years$1,944$1,572$1,261$1,005$796$341
21 years$1,832$1,464$1,160$912$713$289
22 years$1,730$1,367$1,069$830$639$246
23 years$1,638$1,278$987$755$573$209
24 years$1,553$1,198$913$689$515$178
25 years$1,475$1,124$846$629$464$152
26 years$1,403$1,056$784$575$418$129
27 years$1,336$994$728$527$377$110
28 years$1,275$937$677$483$340$94
29 years$1,218$884$630$442$307$80
30 years$1,164$835$587$406$277$68
31 years$1,115$789$547$373$251$58
32 years$1,068$747$511$343$227$50
33 years$1,024$707$477$315$205$43
34 years$983$670$445$290$186$36
35 years$945$636$416$267$168$31
36 years$908$603$390$246$152$27
37 years$874$573$365$227$138$23
38 years$842$545$341$209$125$19
39 years$811$518$320$193$114$17
40 years$782$493$300$178$103$14
41 years$754$469$281$164$93$12
42 years$728$447$264$151$85$10
43 years$703$426$247$140$77$9
44 years$680$406$232$129$70$8
45 years$657$387$218$119$63$6
46 years$635$369$205$110$58$6
47 years$615$352$192$102$52$5
48 years$595$336$181$94$48$4
49 years$576$321$170$87$43$3
50 years$558$307$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $572,000, adding $3,607 every year, while hoping to spend $47,029 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: 43/37/20 Blend
59$572,000$572,000$572,000$572,000
60$634,065$603,749$594,883$657,497
61$648,701$583,294$564,773$653,963
62$663,253$560,261$532,078$645,269
63$677,665$534,473$496,662$634,880
64$691,869$505,744$458,382$622,663
65$705,792$473,878$417,091$608,477
66$719,351$438,666$372,631$592,168
67$732,452$399,888$324,842$573,573
68$744,991$357,312$273,553$552,519
69$756,851$310,690$218,587$528,817
70$767,900$259,765$159,761$502,266
71$777,992$204,260$96,879$472,651
72$786,965$143,886$29,742$439,740
73$794,635$78,337$0$403,285
74$800,802$7,288$0$371,962
75$805,238$0$0$343,895
76$807,693$0$0$340,811
77$807,889$0$0$339,584
78$805,516$0$0$337,097
79$800,231$0$0$333,188
80$791,652$0$0$327,673
81$779,356$0$0$320,352
82$762,876$0$0$311,000
83$741,691$0$0$299,371
84$715,227$0$0$285,190
85$682,846$0$0$268,154
86$643,845$0$0$247,927
87$597,444$0$0$224,138
88$542,779$0$0$196,377
89$478,897$0$0$164,190
90$404,742$0$0$127,075
91$319,149$0$0$84,477
92$220,829$0$0$35,785
93$108,358$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0