Can I retire at age 60 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$43,189$42,804$42,429$42,062$41,705$41,304
2 years$21,381$20,982$20,597$20,222$19,859$19,455
3 years$14,112$13,712$13,327$12,957$12,600$12,205
4 years$10,479$10,080$9,699$9,335$8,986$8,604
5 years$8,299$7,903$7,527$7,170$6,831$6,463
6 years$6,847$6,453$6,083$5,734$5,405$5,051
7 years$5,809$5,419$5,055$4,714$4,396$4,056
8 years$5,032$4,645$4,287$3,954$3,647$3,322
9 years$4,428$4,045$3,692$3,368$3,071$2,760
10 years$3,944$3,565$3,219$2,904$2,617$2,320
11 years$3,549$3,174$2,834$2,527$2,251$1,967
12 years$3,220$2,849$2,515$2,216$1,950$1,681
13 years$2,942$2,574$2,247$1,957$1,701$1,444
14 years$2,704$2,340$2,019$1,737$1,491$1,247
15 years$2,497$2,138$1,823$1,549$1,313$1,081
16 years$2,317$1,961$1,653$1,387$1,160$941
17 years$2,158$1,806$1,504$1,246$1,029$821
18 years$2,017$1,669$1,373$1,123$915$719
19 years$1,891$1,547$1,257$1,015$815$630
20 years$1,778$1,437$1,153$919$728$554
21 years$1,675$1,339$1,061$834$652$487
22 years$1,582$1,250$978$758$584$429
23 years$1,497$1,169$903$691$524$379
24 years$1,420$1,095$835$630$471$335
25 years$1,348$1,028$773$575$424$296
26 years$1,283$966$717$526$382$262
27 years$1,222$909$666$482$344$232
28 years$1,166$857$619$441$311$205
29 years$1,113$808$576$405$281$182
30 years$1,065$763$537$371$254$161
31 years$1,019$721$500$341$229$143
32 years$977$683$467$313$207$127
33 years$937$646$436$288$188$113
34 years$899$613$407$265$170$100
35 years$864$581$381$244$154$89
36 years$831$552$356$225$139$79
37 years$799$524$333$207$126$70
38 years$770$498$312$191$115$63
39 years$742$473$292$176$104$56
40 years$715$450$274$162$94$50
41 years$690$429$257$150$85$44
42 years$666$408$241$138$78$39
43 years$643$389$226$128$70$35
44 years$621$371$212$118$64$31
45 years$601$354$199$109$58$28
46 years$581$337$187$101$53$25
47 years$562$322$176$93$48$22
48 years$544$307$165$86$43$19
49 years$527$294$155$79$39$17
50 years$511$280$146$73$36$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $523,000, adding $2,209 every year, while hoping to spend $36,018 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: 35/39/26 Blend
59$523,000$523,000$523,000$523,000
60$578,625$550,906$542,799$594,267
61$599,321$539,577$522,660$594,783
62$620,922$526,486$500,639$591,918
63$643,481$511,509$476,635$588,121
64$667,056$494,513$450,543$583,331
65$691,712$475,360$422,251$577,487
66$717,515$453,901$391,646$570,523
67$744,541$429,982$358,605$562,372
68$772,869$403,436$323,003$552,964
69$802,587$374,089$284,709$542,226
70$833,789$341,758$243,585$530,081
71$866,578$306,246$199,488$516,451
72$901,065$267,349$152,267$501,255
73$937,372$224,847$101,766$484,409
74$975,630$178,511$47,822$465,825
75$1,015,985$128,098$0$445,413
76$1,058,592$73,352$0$425,786
77$1,103,622$14,000$0$418,479
78$1,151,263$0$0$410,165
79$1,201,719$0$0$422,361
80$1,255,210$0$0$441,697
81$1,311,982$0$0$462,257
82$1,372,300$0$0$484,143
83$1,436,456$0$0$507,465
84$1,504,766$0$0$532,345
85$1,577,581$0$0$558,917
86$1,655,282$0$0$587,325
87$1,738,287$0$0$617,729
88$1,827,054$0$0$650,306
89$1,922,087$0$0$685,247
90$2,023,937$0$0$722,763
91$2,133,208$0$0$763,086
92$2,250,564$0$0$806,470
93$2,376,732$0$0$853,194
94$2,512,514$0$0$903,564
95$2,658,785$0$0$957,917
96$2,816,511$0$0$1,016,624
97$2,986,751$0$0$1,080,089
98$3,170,668$0$0$1,148,762
99$3,369,542$0$0$1,223,131
100$3,584,778$0$0$1,303,738