Can I retire at age 60 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$47,318$46,896$46,485$46,084$45,692$45,177
2 years$23,425$22,988$22,566$22,156$21,758$21,240
3 years$15,461$15,023$14,601$14,195$13,804$13,299
4 years$11,480$11,044$10,626$10,227$9,845$9,356
5 years$9,093$8,658$8,246$7,855$7,484$7,013
6 years$7,501$7,070$6,664$6,282$5,922$5,469
7 years$6,365$5,938$5,538$5,165$4,816$4,382
8 years$5,513$5,090$4,697$4,333$3,995$3,580
9 years$4,851$4,431$4,045$3,690$3,365$2,968
10 years$4,321$3,906$3,527$3,181$2,867$2,489
11 years$3,888$3,477$3,105$2,769$2,466$2,105
12 years$3,528$3,121$2,755$2,428$2,137$1,794
13 years$3,223$2,821$2,462$2,144$1,863$1,538
14 years$2,962$2,564$2,212$1,903$1,633$1,324
15 years$2,736$2,342$1,997$1,697$1,438$1,145
16 years$2,539$2,149$1,811$1,520$1,271$994
17 years$2,364$1,979$1,648$1,365$1,127$865
18 years$2,210$1,829$1,504$1,231$1,002$755
19 years$2,072$1,695$1,377$1,112$893$660
20 years$1,947$1,575$1,264$1,007$798$578
21 years$1,835$1,467$1,162$914$714$507
22 years$1,733$1,369$1,071$831$640$446
23 years$1,640$1,281$989$757$574$392
24 years$1,555$1,200$915$690$516$345
25 years$1,477$1,126$847$630$465$304
26 years$1,405$1,058$786$576$418$268
27 years$1,339$996$730$528$377$237
28 years$1,277$939$678$483$340$209
29 years$1,220$885$631$443$307$185
30 years$1,166$836$588$407$278$163
31 years$1,117$790$548$374$251$145
32 years$1,070$748$511$343$227$128
33 years$1,026$708$478$316$206$113
34 years$985$671$446$291$186$100
35 years$946$637$417$267$169$89
36 years$910$604$390$246$153$79
37 years$876$574$365$227$138$70
38 years$843$545$342$209$126$62
39 years$813$519$320$193$114$55
40 years$783$494$300$178$103$48
41 years$756$470$282$164$94$43
42 years$730$447$264$151$85$38
43 years$705$426$248$140$77$34
44 years$681$406$233$129$70$30
45 years$658$387$219$119$64$27
46 years$637$370$205$110$58$24
47 years$616$353$193$102$52$21
48 years$596$337$181$94$48$19
49 years$577$322$170$87$43$16
50 years$559$307$160$80$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $573,000, adding $4,372 every year, while hoping to spend $45,862 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: 52/25/23 Blend
59$573,000$573,000$573,000$573,000
60$635,956$605,587$596,705$664,754
61$652,026$586,464$567,898$665,991
62$668,199$564,866$536,589$662,265
63$684,436$540,625$502,645$657,259
64$700,694$513,561$465,929$650,870
65$716,923$483,484$426,295$642,984
66$733,067$450,193$383,594$633,481
67$749,062$413,475$337,668$622,232
68$764,838$373,107$288,351$609,098
69$780,314$328,851$235,473$593,930
70$795,398$280,457$178,853$576,567
71$809,988$227,659$118,305$556,838
72$823,971$170,178$53,632$534,556
73$837,218$107,718$0$509,523
74$849,585$39,968$0$485,300
75$860,914$0$0$472,171
76$871,026$0$0$465,957
77$879,721$0$0$469,895
78$886,779$0$0$472,861
79$891,952$0$0$474,714
80$894,967$0$0$475,295
81$895,519$0$0$474,428
82$893,268$0$0$471,918
83$887,840$0$0$467,548
84$878,817$0$0$461,079
85$865,737$0$0$452,245
86$848,087$0$0$440,749
87$825,299$0$0$426,265
88$796,744$0$0$408,432
89$761,725$0$0$386,849
90$719,471$0$0$361,072
91$669,129$0$0$330,611
92$609,754$0$0$294,923
93$540,304$0$0$253,408
94$459,622$0$0$205,404
95$366,433$0$0$150,177
96$259,327$0$0$86,917
97$136,745$0$0$14,729
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0