Can I retire at age 60 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$43,767$43,377$42,997$42,625$42,263$41,649
2 years$21,667$21,263$20,872$20,493$20,125$19,508
3 years$14,301$13,896$13,506$13,130$12,768$12,166
4 years$10,619$10,215$9,829$9,459$9,106$8,525
5 years$8,410$8,009$7,627$7,266$6,923$6,364
6 years$6,938$6,540$6,164$5,811$5,478$4,941
7 years$5,887$5,492$5,122$4,777$4,455$3,942
8 years$5,099$4,708$4,344$4,007$3,696$3,206
9 years$4,487$4,099$3,742$3,413$3,112$2,645
10 years$3,997$3,613$3,262$2,942$2,652$2,207
11 years$3,597$3,216$2,872$2,561$2,281$1,858
12 years$3,263$2,887$2,549$2,246$1,976$1,575
13 years$2,981$2,609$2,277$1,983$1,723$1,343
14 years$2,740$2,371$2,046$1,760$1,511$1,150
15 years$2,531$2,166$1,847$1,570$1,330$989
16 years$2,348$1,988$1,675$1,406$1,176$854
17 years$2,187$1,830$1,524$1,263$1,042$739
18 years$2,044$1,691$1,391$1,138$927$641
19 years$1,916$1,568$1,274$1,028$826$557
20 years$1,801$1,457$1,169$931$738$485
21 years$1,697$1,357$1,075$845$660$423
22 years$1,603$1,267$991$769$592$370
23 years$1,517$1,185$915$700$531$323
24 years$1,439$1,110$846$638$478$283
25 years$1,366$1,042$784$583$430$248
26 years$1,300$979$727$533$387$217
27 years$1,238$921$675$488$349$190
28 years$1,181$868$627$447$315$167
29 years$1,128$819$584$410$284$147
30 years$1,079$773$544$376$257$129
31 years$1,033$731$507$346$232$113
32 years$990$692$473$318$210$99
33 years$949$655$442$292$190$87
34 years$911$621$413$269$172$77
35 years$875$589$386$247$156$68
36 years$842$559$361$228$141$60
37 years$810$531$338$210$128$52
38 years$780$505$316$193$116$46
39 years$752$480$296$178$105$41
40 years$725$456$278$165$95$36
41 years$699$435$261$152$87$31
42 years$675$414$244$140$79$28
43 years$652$394$229$129$71$24
44 years$630$376$215$119$65$21
45 years$609$358$202$110$59$19
46 years$589$342$190$102$53$17
47 years$570$326$178$94$48$15
48 years$552$311$168$87$44$13
49 years$534$297$158$80$40$11
50 years$517$284$148$74$36$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $530,000, adding $4,488 every year, while hoping to spend $31,487 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: 65/23/12 Blend
59$530,000$530,000$530,000$530,000
60$588,689$560,599$552,384$625,063
61$615,234$554,567$537,387$643,872
62$643,430$547,183$520,833$660,321
63$673,414$538,350$502,635$677,499
64$705,334$527,960$482,704$695,477
65$739,351$515,903$460,948$714,331
66$775,644$502,061$437,268$734,148
67$814,405$486,308$411,563$755,025
68$855,850$468,512$383,725$777,069
69$900,210$448,533$353,644$800,400
70$947,743$426,223$321,202$825,152
71$998,729$401,424$286,279$851,473
72$1,053,477$373,971$248,746$879,527
73$1,112,324$343,688$208,472$909,500
74$1,175,643$310,390$165,318$941,594
75$1,243,841$273,882$119,138$976,038
76$1,317,366$233,955$69,782$1,013,082
77$1,396,710$190,392$17,093$1,053,008
78$1,482,413$142,960$0$1,096,127
79$1,575,071$91,417$0$1,147,795
80$1,675,336$35,504$0$1,206,046
81$1,783,925$0$0$1,269,138
82$1,901,628$0$0$1,343,906
83$2,029,312$0$0$1,434,792
84$2,167,932$0$0$1,533,493
85$2,318,538$0$0$1,640,762
86$2,482,285$0$0$1,757,423
87$2,660,442$0$0$1,884,387
88$2,854,407$0$0$2,022,654
89$3,065,719$0$0$2,173,324
90$3,296,070$0$0$2,337,611
91$3,547,322$0$0$2,516,847
92$3,821,526$0$0$2,712,501
93$4,120,939$0$0$2,926,187
94$4,448,045$0$0$3,159,686
95$4,805,579$0$0$3,414,954
96$5,196,553$0$0$3,694,149
97$5,624,281$0$0$3,999,644
98$6,092,414$0$0$4,334,053
99$6,604,972$0$0$4,700,256
100$7,166,382$0$0$5,101,421