Can I retire at age 60 with 511,000?

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 $511,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$42,198$41,822$41,455$41,097$40,748$39,302
2 years$20,890$20,501$20,124$19,758$19,404$17,963
3 years$13,788$13,398$13,022$12,659$12,311$10,919
4 years$10,238$9,849$9,476$9,120$8,780$7,449
5 years$8,109$7,721$7,354$7,005$6,674$5,408
6 years$6,689$6,305$5,943$5,602$5,281$4,079
7 years$5,676$5,295$4,939$4,606$4,295$3,158
8 years$4,916$4,539$4,188$3,864$3,563$2,490
9 years$4,326$3,952$3,608$3,291$3,001$1,990
10 years$3,854$3,483$3,145$2,837$2,557$1,606
11 years$3,468$3,101$2,769$2,469$2,199$1,307
12 years$3,146$2,783$2,457$2,166$1,906$1,070
13 years$2,874$2,515$2,195$1,912$1,662$881
14 years$2,642$2,286$1,973$1,697$1,457$728
15 years$2,440$2,089$1,781$1,514$1,282$603
16 years$2,264$1,916$1,615$1,355$1,133$501
17 years$2,109$1,765$1,469$1,218$1,005$417
18 years$1,971$1,631$1,341$1,097$894$348
19 years$1,847$1,511$1,228$992$796$291
20 years$1,737$1,404$1,127$898$711$243
21 years$1,637$1,308$1,037$815$637$204
22 years$1,546$1,221$955$741$571$171
23 years$1,463$1,142$882$675$512$143
24 years$1,387$1,070$816$616$460$120
25 years$1,317$1,004$756$562$414$101
26 years$1,253$944$701$514$373$85
27 years$1,194$888$651$470$336$71
28 years$1,139$837$605$431$304$60
29 years$1,088$790$563$395$274$50
30 years$1,040$746$524$363$248$42
31 years$996$705$489$333$224$36
32 years$954$667$456$306$203$30
33 years$915$632$426$282$183$25
34 years$879$599$398$259$166$21
35 years$844$568$372$238$150$18
36 years$812$539$348$220$136$15
37 years$781$512$326$202$123$13
38 years$752$486$305$187$112$11
39 years$725$463$286$172$102$9
40 years$699$440$268$159$92$8
41 years$674$419$251$146$84$6
42 years$651$399$236$135$76$5
43 years$628$380$221$125$69$4
44 years$607$362$208$115$62$4
45 years$587$346$195$106$57$3
46 years$568$330$183$98$51$3
47 years$549$315$172$91$47$2
48 years$532$300$162$84$42$2
49 years$515$287$152$77$39$2
50 years$499$274$143$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $511,000, adding $4,259 every year, while hoping to spend $41,075 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: 79/9/12 Blend
59$511,000$511,000$511,000$511,000
60$567,515$540,432$532,512$610,741
61$581,698$523,210$506,647$622,536
62$595,951$503,767$478,540$629,745
63$610,238$481,951$448,071$636,471
64$624,518$457,602$415,116$642,647
65$638,743$430,549$379,547$648,200
66$652,860$400,611$341,227$653,050
67$666,810$367,599$300,017$657,110
68$680,524$331,312$255,767$660,283
69$693,927$291,535$208,325$662,465
70$706,933$248,046$157,529$663,539
71$719,445$200,605$103,211$663,379
72$731,357$148,963$45,197$661,845
73$742,547$92,854$0$658,786
74$752,881$31,998$0$656,174
75$762,208$0$0$658,001
76$770,362$0$0$661,656
77$777,156$0$0$667,286
78$782,381$0$0$671,543
79$785,807$0$0$674,223
80$787,177$0$0$675,104
81$786,204$0$0$673,937
82$782,573$0$0$670,444
83$775,931$0$0$664,319
84$765,887$0$0$655,223
85$752,010$0$0$642,778
86$733,819$0$0$626,567
87$710,784$0$0$606,126
88$682,315$0$0$580,943
89$647,762$0$0$550,450
90$606,405$0$0$514,020
91$557,444$0$0$470,958
92$499,999$0$0$420,496
93$433,095$0$0$361,784
94$355,651$0$0$293,883
95$266,478$0$0$215,755
96$164,257$0$0$126,252
97$47,534$0$0$24,107
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0