Can I retire at age 60 with 579,000?

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 $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%13.9%
1 years$47,813$47,387$46,972$46,566$46,170$45,424
2 years$23,670$23,229$22,802$22,388$21,986$21,236
3 years$15,623$15,180$14,754$14,344$13,949$13,219
4 years$11,601$11,159$10,737$10,334$9,948$9,244
5 years$9,188$8,749$8,333$7,938$7,563$6,886
6 years$7,580$7,144$6,734$6,348$5,984$5,335
7 years$6,431$6,000$5,596$5,219$4,867$4,246
8 years$5,571$5,143$4,746$4,378$4,037$3,445
9 years$4,902$4,478$4,088$3,729$3,400$2,836
10 years$4,367$3,947$3,564$3,214$2,897$2,361
11 years$3,929$3,514$3,137$2,798$2,491$1,982
12 years$3,565$3,154$2,784$2,454$2,159$1,676
13 years$3,257$2,850$2,488$2,166$1,883$1,425
14 years$2,993$2,591$2,235$1,923$1,650$1,218
15 years$2,765$2,367$2,018$1,715$1,453$1,045
16 years$2,565$2,171$1,830$1,536$1,284$899
17 years$2,389$2,000$1,665$1,380$1,139$776
18 years$2,233$1,848$1,520$1,243$1,013$671
19 years$2,093$1,713$1,391$1,124$902$582
20 years$1,968$1,591$1,277$1,018$806$505
21 years$1,854$1,482$1,175$924$721$439
22 years$1,751$1,384$1,082$840$647$382
23 years$1,658$1,294$999$765$580$333
24 years$1,572$1,212$924$697$522$291
25 years$1,493$1,138$856$637$469$254
26 years$1,420$1,069$794$582$423$222
27 years$1,353$1,006$737$533$381$194
28 years$1,290$948$685$488$344$169
29 years$1,233$895$638$448$311$148
30 years$1,179$845$594$411$281$130
31 years$1,128$799$554$378$254$114
32 years$1,081$756$517$347$230$100
33 years$1,037$716$483$319$208$87
34 years$995$678$451$294$188$77
35 years$956$643$422$270$170$67
36 years$920$611$394$249$154$59
37 years$885$580$369$229$140$52
38 years$852$551$346$211$127$45
39 years$821$524$324$195$115$40
40 years$792$499$304$180$104$35
41 years$764$475$285$166$95$31
42 years$737$452$267$153$86$27
43 years$712$431$251$141$78$24
44 years$688$411$235$130$71$21
45 years$665$392$221$120$64$18
46 years$643$374$207$111$58$16
47 years$622$356$195$103$53$14
48 years$603$340$183$95$48$12
49 years$584$325$172$88$44$11
50 years$565$310$162$81$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $579,000, adding $4,311 every year, while hoping to spend $40,567 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: 40/30/30 Blend
59$579,000$579,000$579,000$579,000
60$642,505$611,818$602,843$662,375
61$664,877$598,634$579,876$664,088
62$688,172$583,444$554,779$661,884
63$712,441$566,108$527,439$658,741
64$737,738$546,476$497,736$654,599
65$764,123$524,389$465,547$649,397
66$791,661$499,681$430,739$643,068
67$820,419$472,174$393,178$635,547
68$850,474$441,683$352,721$626,763
69$881,904$408,007$309,219$616,643
70$914,798$370,939$262,518$605,111
71$949,249$330,257$212,455$592,091
72$985,361$285,728$158,860$577,500
73$1,023,244$237,105$101,558$561,256
74$1,063,018$184,126$40,363$543,272
75$1,104,814$126,516$0$523,459
76$1,148,774$63,985$0$509,711
77$1,195,054$0$0$508,258
78$1,243,821$0$0$507,382
79$1,295,258$0$0$528,768
80$1,349,566$0$0$551,378
81$1,406,962$0$0$575,308
82$1,467,685$0$0$600,661
83$1,531,993$0$0$627,549
84$1,600,171$0$0$656,098
85$1,672,528$0$0$686,442
86$1,749,404$0$0$718,728
87$1,831,169$0$0$753,119
88$1,918,228$0$0$789,792
89$2,011,027$0$0$828,941
90$2,110,051$0$0$870,779
91$2,215,833$0$0$915,539
92$2,328,957$0$0$963,476
93$2,450,064$0$0$1,014,871
94$2,579,856$0$0$1,070,033
95$2,719,103$0$0$1,129,297
96$2,868,651$0$0$1,193,035
97$3,029,426$0$0$1,261,654
98$3,202,449$0$0$1,335,600
99$3,388,836$0$0$1,415,364
100$3,589,816$0$0$1,501,485