Can I retire at age 60 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$47,731$47,306$46,891$46,486$46,091$45,364
2 years$23,629$23,189$22,762$22,349$21,948$21,218
3 years$15,596$15,154$14,729$14,319$13,925$13,214
4 years$11,581$11,140$10,719$10,316$9,931$9,245
5 years$9,172$8,734$8,318$7,924$7,550$6,890
6 years$7,567$7,132$6,722$6,337$5,974$5,342
7 years$6,420$5,989$5,586$5,210$4,858$4,254
8 years$5,561$5,134$4,738$4,370$4,030$3,453
9 years$4,893$4,470$4,081$3,723$3,394$2,844
10 years$4,359$3,940$3,558$3,209$2,892$2,369
11 years$3,922$3,508$3,132$2,793$2,487$1,990
12 years$3,559$3,148$2,780$2,450$2,155$1,684
13 years$3,251$2,845$2,483$2,163$1,880$1,433
14 years$2,988$2,586$2,231$1,920$1,648$1,225
15 years$2,760$2,362$2,015$1,712$1,451$1,052
16 years$2,561$2,168$1,826$1,533$1,282$906
17 years$2,385$1,996$1,662$1,377$1,137$782
18 years$2,229$1,845$1,517$1,241$1,011$677
19 years$2,090$1,710$1,389$1,122$901$587
20 years$1,964$1,589$1,275$1,016$805$510
21 years$1,851$1,480$1,172$922$720$444
22 years$1,748$1,381$1,081$838$646$387
23 years$1,655$1,292$998$763$579$337
24 years$1,569$1,210$923$696$521$295
25 years$1,490$1,136$855$636$469$257
26 years$1,418$1,068$793$581$422$225
27 years$1,350$1,005$736$532$381$197
28 years$1,288$947$684$488$343$172
29 years$1,230$893$637$447$310$151
30 years$1,177$843$593$410$280$132
31 years$1,126$797$553$377$253$116
32 years$1,079$754$516$346$229$102
33 years$1,035$714$482$319$207$89
34 years$994$677$450$293$188$78
35 years$955$642$421$270$170$69
36 years$918$610$394$248$154$60
37 years$883$579$368$229$140$53
38 years$851$550$345$211$127$46
39 years$820$523$323$195$115$41
40 years$790$498$303$179$104$36
41 years$762$474$284$166$94$31
42 years$736$451$266$153$86$28
43 years$711$430$250$141$78$24
44 years$687$410$235$130$71$21
45 years$664$391$220$120$64$19
46 years$642$373$207$111$58$16
47 years$621$356$194$103$53$14
48 years$601$340$183$95$48$13
49 years$583$324$172$88$44$11
50 years$564$310$162$81$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $578,000, adding $2,631 every year, while hoping to spend $37,227 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: 81/6/13 Blend
59$578,000$578,000$578,000$578,000
60$639,670$609,036$600,077$689,694
61$665,307$599,269$580,570$713,148
62$692,311$587,777$559,162$733,766
63$720,783$574,434$535,750$755,310
64$750,832$559,110$510,227$777,858
65$782,576$541,665$482,478$801,490
66$816,145$521,953$452,388$826,299
67$851,682$499,819$419,833$852,383
68$889,340$475,097$384,684$879,854
69$929,289$447,613$346,808$908,835
70$971,714$417,184$306,063$939,459
71$1,016,817$383,614$262,305$971,875
72$1,064,820$346,698$215,379$1,006,247
73$1,115,963$306,218$165,126$1,042,757
74$1,170,513$261,944$111,379$1,081,604
75$1,228,759$213,634$53,964$1,123,010
76$1,291,021$161,030$0$1,167,217
77$1,357,647$103,862$0$1,215,509
78$1,429,019$41,844$0$1,275,222
79$1,505,557$0$0$1,339,220
80$1,587,722$0$0$1,409,565
81$1,676,018$0$0$1,488,138
82$1,771,000$0$0$1,572,672
83$1,873,278$0$0$1,663,710
84$1,983,519$0$0$1,761,849
85$2,102,459$0$0$1,867,743
86$2,230,904$0$0$1,982,114
87$2,369,741$0$0$2,105,752
88$2,519,945$0$0$2,239,527
89$2,682,587$0$0$2,384,395
90$2,858,846$0$0$2,541,408
91$3,050,016$0$0$2,711,721
92$3,257,522$0$0$2,896,605
93$3,482,930$0$0$3,097,458
94$3,727,963$0$0$3,315,819
95$3,994,518$0$0$3,553,378
96$4,284,680$0$0$3,811,998
97$4,600,745$0$0$4,093,727
98$4,945,237$0$0$4,400,818
99$5,320,936$0$0$4,735,753
100$5,730,903$0$0$5,101,262