Can I retire at age 60 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$43,684$43,295$42,916$42,545$42,183$40,784
2 years$21,626$21,223$20,833$20,454$20,087$18,691
3 years$14,274$13,870$13,480$13,105$12,744$11,395
4 years$10,599$10,196$9,810$9,442$9,089$7,797
5 years$8,394$7,993$7,613$7,252$6,910$5,678
6 years$6,925$6,527$6,152$5,800$5,467$4,298
7 years$5,876$5,482$5,113$4,768$4,446$3,338
8 years$5,090$4,699$4,336$4,000$3,689$2,641
9 years$4,478$4,091$3,735$3,407$3,106$2,119
10 years$3,990$3,606$3,256$2,937$2,647$1,717
11 years$3,590$3,210$2,866$2,556$2,276$1,403
12 years$3,257$2,881$2,544$2,242$1,973$1,153
13 years$2,976$2,604$2,273$1,979$1,720$953
14 years$2,735$2,367$2,042$1,757$1,508$790
15 years$2,526$2,162$1,844$1,567$1,328$658
16 years$2,344$1,984$1,672$1,403$1,173$549
17 years$2,183$1,827$1,521$1,261$1,040$459
18 years$2,040$1,688$1,389$1,136$925$385
19 years$1,913$1,565$1,271$1,027$825$323
20 years$1,798$1,454$1,167$930$737$272
21 years$1,694$1,354$1,073$844$659$228
22 years$1,600$1,264$989$767$591$192
23 years$1,514$1,182$913$699$530$162
24 years$1,436$1,108$845$637$477$137
25 years$1,364$1,040$782$582$429$115
26 years$1,297$977$725$532$386$97
27 years$1,236$920$674$487$348$82
28 years$1,179$866$626$446$314$69
29 years$1,126$817$583$409$284$59
30 years$1,077$772$543$376$256$50
31 years$1,031$730$506$345$232$42
32 years$988$690$472$317$210$35
33 years$947$654$441$292$190$30
34 years$909$620$412$268$172$25
35 years$874$588$385$247$156$21
36 years$840$558$360$227$141$18
37 years$808$530$337$210$128$15
38 years$778$504$316$193$116$13
39 years$750$479$296$178$105$11
40 years$723$456$277$164$95$9
41 years$698$434$260$152$86$8
42 years$673$413$244$140$78$7
43 years$650$394$229$129$71$6
44 years$629$375$215$119$65$5
45 years$608$358$202$110$59$4
46 years$588$341$189$102$53$3
47 years$569$326$178$94$48$3
48 years$551$311$167$87$44$2
49 years$533$297$157$80$40$2
50 years$516$284$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $529,000, adding $6,868 every year, while hoping to spend $26,789 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: 57/33/10 Blend
59$529,000$529,000$529,000$529,000
60$590,042$562,005$553,806$621,864
61$621,723$561,040$543,855$643,166
62$655,738$559,130$532,673$662,784
63$692,296$556,200$520,190$683,516
64$731,628$552,171$506,334$705,469
65$773,986$546,960$491,028$728,766
66$819,648$540,476$474,193$753,543
67$868,919$532,627$455,746$779,950
68$922,134$523,311$435,599$808,154
69$979,662$512,424$413,662$838,339
70$1,041,907$499,852$389,839$870,713
71$1,109,314$485,477$364,031$905,503
72$1,182,372$469,173$336,134$942,962
73$1,261,619$450,808$306,040$983,371
74$1,347,647$430,240$273,634$1,027,040
75$1,441,106$407,321$238,800$1,074,316
76$1,542,711$381,892$201,413$1,125,579
77$1,653,251$353,788$161,343$1,181,255
78$1,773,591$322,832$118,456$1,241,811
79$1,904,684$288,838$72,612$1,307,768
80$2,047,580$251,609$23,662$1,379,702
81$2,203,433$210,938$0$1,458,251
82$2,373,513$166,604$0$1,547,167
83$2,559,219$118,375$0$1,647,077
84$2,762,091$66,007$0$1,756,335
85$2,983,824$9,241$0$1,875,917
86$3,226,283$0$0$2,006,898
87$3,491,524$0$0$2,169,426
88$3,781,808$0$0$2,351,017
89$4,099,627$0$0$2,549,881
90$4,447,724$0$0$2,767,739
91$4,829,119$0$0$3,006,488
92$5,247,140$0$0$3,268,217
93$5,705,451$0$0$3,555,227
94$6,208,088$0$0$3,870,053
95$6,759,495$0$0$4,215,484
96$7,364,568$0$0$4,594,597
97$8,028,700$0$0$5,010,776
98$8,757,832$0$0$5,467,753
99$9,558,506$0$0$5,969,637
100$10,437,932$0$0$6,520,954