Can I retire at age 60 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$47,813$47,387$46,972$46,566$46,170$45,707
2 years$23,670$23,229$22,802$22,388$21,986$21,519
3 years$15,623$15,180$14,754$14,344$13,949$13,493
4 years$11,601$11,159$10,737$10,334$9,948$9,508
5 years$9,188$8,749$8,333$7,938$7,563$7,138
6 years$7,580$7,144$6,734$6,348$5,984$5,576
7 years$6,431$6,000$5,596$5,219$4,867$4,475
8 years$5,571$5,143$4,746$4,378$4,037$3,662
9 years$4,902$4,478$4,088$3,729$3,400$3,041
10 years$4,367$3,947$3,564$3,214$2,897$2,555
11 years$3,929$3,514$3,137$2,798$2,491$2,165
12 years$3,565$3,154$2,784$2,454$2,159$1,848
13 years$3,257$2,850$2,488$2,166$1,883$1,587
14 years$2,993$2,591$2,235$1,923$1,650$1,370
15 years$2,765$2,367$2,018$1,715$1,453$1,187
16 years$2,565$2,171$1,830$1,536$1,284$1,032
17 years$2,389$2,000$1,665$1,380$1,139$900
18 years$2,233$1,848$1,520$1,243$1,013$787
19 years$2,093$1,713$1,391$1,124$902$690
20 years$1,968$1,591$1,277$1,018$806$606
21 years$1,854$1,482$1,175$924$721$532
22 years$1,751$1,384$1,082$840$647$469
23 years$1,658$1,294$999$765$580$413
24 years$1,572$1,212$924$697$522$365
25 years$1,493$1,138$856$637$469$322
26 years$1,420$1,069$794$582$423$285
27 years$1,353$1,006$737$533$381$252
28 years$1,290$948$685$488$344$223
29 years$1,233$895$638$448$311$198
30 years$1,179$845$594$411$281$175
31 years$1,128$799$554$378$254$155
32 years$1,081$756$517$347$230$138
33 years$1,037$716$483$319$208$122
34 years$995$678$451$294$188$109
35 years$956$643$422$270$170$96
36 years$920$611$394$249$154$86
37 years$885$580$369$229$140$76
38 years$852$551$346$211$127$68
39 years$821$524$324$195$115$60
40 years$792$499$304$180$104$53
41 years$764$475$285$166$95$47
42 years$737$452$267$153$86$42
43 years$712$431$251$141$78$37
44 years$688$411$235$130$71$33
45 years$665$392$221$120$64$30
46 years$643$374$207$111$58$26
47 years$622$356$195$103$53$23
48 years$603$340$183$95$48$21
49 years$584$325$172$88$44$19
50 years$565$310$162$81$40$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $579,000, adding $6,760 every year, while hoping to spend $36,111 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: 47/28/25 Blend
59$579,000$579,000$579,000$579,000
60$645,031$614,344$605,369$670,456
61$672,402$606,025$587,227$680,681
62$701,355$596,088$567,268$687,686
63$732,013$584,416$545,390$694,572
64$764,510$570,884$521,493$701,344
65$798,993$555,361$495,466$708,014
66$835,624$537,707$467,198$714,593
67$874,578$517,774$436,569$721,099
68$916,047$495,407$403,456$727,555
69$960,242$470,441$367,730$733,987
70$1,007,394$442,700$329,256$740,428
71$1,057,756$411,999$287,894$746,920
72$1,111,604$378,144$243,495$753,511
73$1,169,242$340,928$195,907$760,256
74$1,231,003$300,132$144,969$767,224
75$1,297,253$255,526$90,512$774,492
76$1,368,392$206,866$32,364$782,152
77$1,444,859$153,894$0$790,309
78$1,527,139$96,339$0$807,003
79$1,615,760$33,913$0$834,181
80$1,711,306$0$0$863,415
81$1,814,416$0$0$905,319
82$1,925,793$0$0$961,920
83$2,046,208$0$0$1,023,169
84$2,176,512$0$0$1,089,504
85$2,317,636$0$0$1,161,408
86$2,470,607$0$0$1,239,409
87$2,636,554$0$0$1,324,093
88$2,816,716$0$0$1,416,100
89$3,012,459$0$0$1,516,135
90$3,225,284$0$0$1,624,975
91$3,456,841$0$0$1,743,473
92$3,708,948$0$0$1,872,570
93$3,983,605$0$0$2,013,300
94$4,283,012$0$0$2,166,801
95$4,609,591$0$0$2,334,326
96$4,966,006$0$0$2,517,252
97$5,355,192$0$0$2,717,100
98$5,780,379$0$0$2,935,539
99$6,245,121$0$0$3,174,410
100$6,753,335$0$0$3,435,738