Can I retire at age 60 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$42,115$41,740$41,374$41,017$40,668$40,463
2 years$20,849$20,461$20,085$19,720$19,366$19,158
3 years$13,761$13,371$12,996$12,635$12,286$12,084
4 years$10,218$9,829$9,458$9,103$8,763$8,566
5 years$8,093$7,706$7,340$6,992$6,661$6,471
6 years$6,676$6,293$5,932$5,591$5,271$5,088
7 years$5,665$5,285$4,929$4,597$4,287$4,111
8 years$4,907$4,530$4,180$3,856$3,556$3,387
9 years$4,317$3,944$3,600$3,285$2,995$2,833
10 years$3,846$3,477$3,139$2,831$2,552$2,397
11 years$3,461$3,095$2,764$2,464$2,195$2,046
12 years$3,140$2,778$2,453$2,161$1,902$1,760
13 years$2,869$2,510$2,191$1,908$1,658$1,523
14 years$2,637$2,282$1,969$1,694$1,454$1,325
15 years$2,435$2,085$1,778$1,511$1,280$1,157
16 years$2,259$1,913$1,612$1,353$1,131$1,015
17 years$2,104$1,761$1,466$1,215$1,003$892
18 years$1,967$1,628$1,339$1,095$892$787
19 years$1,844$1,508$1,226$990$795$695
20 years$1,733$1,402$1,125$896$710$616
21 years$1,633$1,306$1,035$813$635$546
22 years$1,543$1,219$953$740$570$485
23 years$1,460$1,140$880$674$511$432
24 years$1,384$1,068$814$614$460$385
25 years$1,315$1,002$754$561$414$343
26 years$1,251$942$699$513$372$306
27 years$1,192$887$649$470$336$273
28 years$1,137$835$604$430$303$244
29 years$1,086$788$562$395$274$219
30 years$1,038$744$523$362$247$196
31 years$994$704$488$333$224$175
32 years$952$666$455$306$202$157
33 years$913$630$425$281$183$141
34 years$877$598$397$259$166$126
35 years$842$567$371$238$150$113
36 years$810$538$347$219$136$101
37 years$779$511$325$202$123$91
38 years$751$486$304$186$112$82
39 years$723$462$285$172$101$73
40 years$697$439$267$158$92$66
41 years$673$418$251$146$83$59
42 years$649$398$235$135$76$53
43 years$627$379$221$124$69$48
44 years$606$362$207$115$62$43
45 years$586$345$194$106$57$38
46 years$567$329$183$98$51$35
47 years$548$314$172$91$47$31
48 years$531$300$161$84$42$28
49 years$514$286$152$77$38$25
50 years$498$273$143$71$35$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $510,000, adding $4,407 every year, while hoping to spend $26,568 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: 46/26/28 Blend
59$510,000$510,000$510,000$510,000
60$566,566$539,536$531,631$587,886
61$596,087$537,705$521,172$601,591
62$627,730$534,894$509,473$613,540
63$661,681$531,027$496,463$625,995
64$698,148$526,022$482,070$639,016
65$737,357$519,796$466,218$652,674
66$779,558$512,256$448,826$667,046
67$825,023$503,307$429,812$682,222
68$874,053$492,847$409,089$698,301
69$926,978$480,767$386,565$715,394
70$984,160$466,955$362,145$733,625
71$1,045,998$451,289$335,730$753,136
72$1,112,928$433,641$307,216$774,084
73$1,185,433$413,876$276,494$796,644
74$1,264,042$391,850$243,451$821,012
75$1,349,336$367,413$207,968$847,408
76$1,441,955$340,403$169,922$876,077
77$1,542,604$310,652$129,184$907,293
78$1,652,057$277,981$85,618$941,360
79$1,771,165$242,200$39,085$978,617
80$1,900,865$203,110$0$1,019,444
81$2,042,190$160,499$0$1,067,420
82$2,196,275$114,145$0$1,132,521
83$2,364,368$63,811$0$1,203,626
84$2,547,845$9,249$0$1,281,365
85$2,748,219$0$0$1,366,432
86$2,967,158$0$0$1,473,846
87$3,206,494$0$0$1,594,217
88$3,468,248$0$0$1,725,922
89$3,754,644$0$0$1,870,088
90$4,068,131$0$0$2,027,954
91$4,411,404$0$0$2,200,887
92$4,787,434$0$0$2,390,391
93$5,199,489$0$0$2,598,121
94$5,651,172$0$0$2,825,904
95$6,146,448$0$0$3,075,748
96$6,689,687$0$0$3,349,866
97$7,285,699$0$0$3,650,696
98$7,939,786$0$0$3,980,925
99$8,657,783$0$0$4,343,509
100$9,446,123$0$0$4,741,708