Can I retire at age 60 with 572,000?

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 $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%14.4%
1 years$47,235$46,814$46,404$46,003$45,612$44,783
2 years$23,384$22,948$22,526$22,117$21,720$20,887
3 years$15,434$14,997$14,576$14,171$13,780$12,970
4 years$11,460$11,024$10,608$10,209$9,828$9,047
5 years$9,077$8,643$8,232$7,842$7,471$6,721
6 years$7,488$7,058$6,653$6,271$5,912$5,194
7 years$6,354$5,927$5,528$5,156$4,808$4,122
8 years$5,503$5,081$4,688$4,325$3,989$3,335
9 years$4,842$4,424$4,038$3,684$3,359$2,737
10 years$4,314$3,899$3,521$3,176$2,862$2,271
11 years$3,882$3,471$3,099$2,764$2,461$1,901
12 years$3,522$3,116$2,751$2,424$2,133$1,602
13 years$3,218$2,816$2,458$2,140$1,860$1,358
14 years$2,957$2,559$2,208$1,900$1,630$1,157
15 years$2,731$2,338$1,994$1,694$1,436$989
16 years$2,534$2,145$1,808$1,517$1,269$848
17 years$2,360$1,976$1,645$1,363$1,125$729
18 years$2,206$1,825$1,501$1,228$1,000$628
19 years$2,068$1,692$1,375$1,110$892$543
20 years$1,944$1,572$1,261$1,005$796$469
21 years$1,832$1,464$1,160$912$713$407
22 years$1,730$1,367$1,069$830$639$353
23 years$1,638$1,278$987$755$573$306
24 years$1,553$1,198$913$689$515$266
25 years$1,475$1,124$846$629$464$231
26 years$1,403$1,056$784$575$418$201
27 years$1,336$994$728$527$377$175
28 years$1,275$937$677$483$340$153
29 years$1,218$884$630$442$307$133
30 years$1,164$835$587$406$277$116
31 years$1,115$789$547$373$251$101
32 years$1,068$747$511$343$227$88
33 years$1,024$707$477$315$205$77
34 years$983$670$445$290$186$67
35 years$945$636$416$267$168$59
36 years$908$603$390$246$152$51
37 years$874$573$365$227$138$45
38 years$842$545$341$209$125$39
39 years$811$518$320$193$114$34
40 years$782$493$300$178$103$30
41 years$754$469$281$164$93$26
42 years$728$447$264$151$85$23
43 years$703$426$247$140$77$20
44 years$680$406$232$129$70$17
45 years$657$387$218$119$63$15
46 years$635$369$205$110$58$13
47 years$615$352$192$102$52$12
48 years$595$336$181$94$48$10
49 years$576$321$170$87$43$9
50 years$558$307$160$80$39$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $572,000, adding $5,593 every year, while hoping to spend $23,917 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: 44/48/8 Blend
59$572,000$572,000$572,000$572,000
60$636,113$605,797$596,931$662,414
61$675,549$610,034$591,481$685,437
62$718,206$613,676$585,046$707,480
63$764,387$616,670$577,569$730,820
64$814,426$618,959$568,989$755,586
65$868,689$620,479$559,242$781,919
66$927,579$621,166$548,260$809,976
67$991,540$620,951$535,975$839,932
68$1,061,059$619,760$522,312$871,980
69$1,136,674$617,515$507,196$906,335
70$1,218,973$614,132$490,546$943,233
71$1,308,608$609,524$472,279$982,940
72$1,406,292$603,597$452,307$1,025,747
73$1,512,813$596,252$430,538$1,071,979
74$1,629,036$587,384$406,877$1,121,994
75$1,755,913$576,882$381,223$1,176,191
76$1,894,495$564,628$353,473$1,235,010
77$2,045,936$550,497$323,516$1,298,939
78$2,211,507$534,357$291,240$1,368,519
79$2,392,608$516,068$256,524$1,444,349
80$2,590,781$495,482$219,244$1,527,091
81$2,807,722$472,442$179,270$1,617,478
82$3,045,301$446,783$136,467$1,716,322
83$3,305,576$418,329$90,692$1,824,521
84$3,590,812$386,895$41,798$1,943,069
85$3,903,507$352,284$0$2,073,065
86$4,246,409$314,291$0$2,216,609
87$4,622,546$272,695$0$2,378,026
88$5,035,254$227,265$0$2,555,245
89$5,488,207$177,758$0$2,749,923
90$5,985,450$123,915$0$2,963,893
91$6,531,442$65,462$0$3,199,179
92$7,131,093$2,113$0$3,458,016
93$7,789,811$0$0$3,742,875
94$8,513,556$0$0$4,091,574
95$9,308,892$0$0$4,476,068
96$10,183,052$0$0$4,898,745
97$11,144,002$0$0$5,363,468
98$12,200,522$0$0$5,874,492
99$13,362,280$0$0$6,436,505
100$14,639,934$0$0$7,054,672