Can I retire at age 60 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$43,932$43,541$43,159$42,786$42,422$42,155
2 years$21,749$21,343$20,951$20,570$20,201$19,931
3 years$14,355$13,948$13,557$13,180$12,816$12,553
4 years$10,659$10,253$9,866$9,495$9,141$8,885
5 years$8,442$8,039$7,656$7,293$6,949$6,702
6 years$6,964$6,564$6,187$5,832$5,498$5,261
7 years$5,909$5,513$5,142$4,795$4,472$4,243
8 years$5,119$4,725$4,361$4,023$3,710$3,490
9 years$4,504$4,114$3,756$3,426$3,124$2,914
10 years$4,012$3,627$3,274$2,954$2,662$2,461
11 years$3,610$3,229$2,883$2,570$2,289$2,097
12 years$3,276$2,898$2,558$2,255$1,984$1,801
13 years$2,993$2,619$2,286$1,990$1,730$1,555
14 years$2,750$2,380$2,054$1,767$1,516$1,350
15 years$2,540$2,174$1,854$1,576$1,335$1,177
16 years$2,357$1,995$1,681$1,411$1,180$1,030
17 years$2,195$1,837$1,530$1,268$1,046$904
18 years$2,052$1,698$1,396$1,142$930$795
19 years$1,923$1,574$1,278$1,032$829$701
20 years$1,808$1,462$1,173$935$741$620
21 years$1,704$1,362$1,079$849$663$549
22 years$1,609$1,271$995$772$594$486
23 years$1,523$1,189$918$703$533$432
24 years$1,444$1,114$849$641$479$384
25 years$1,372$1,045$787$585$431$341
26 years$1,305$983$730$535$389$304
27 years$1,243$925$677$490$350$271
28 years$1,186$871$630$449$316$242
29 years$1,132$822$586$412$285$216
30 years$1,083$776$546$378$258$192
31 years$1,037$734$509$347$233$172
32 years$993$694$475$319$211$154
33 years$953$658$443$293$191$137
34 years$915$623$414$270$173$123
35 years$879$591$387$248$157$110
36 years$845$561$362$229$142$98
37 years$813$533$339$211$129$88
38 years$783$506$318$194$117$79
39 years$754$482$298$179$106$70
40 years$727$458$279$165$96$63
41 years$702$436$261$152$87$57
42 years$677$415$245$141$79$51
43 years$654$396$230$130$72$45
44 years$632$377$216$120$65$41
45 years$611$360$203$111$59$36
46 years$591$343$191$102$54$33
47 years$572$328$179$94$49$29
48 years$554$313$168$87$44$26
49 years$536$299$158$81$40$24
50 years$519$285$149$75$36$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $532,000, adding $2,168 every year, while hoping to spend $21,114 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: 33/39/28 Blend
59$532,000$532,000$532,000$532,000
60$588,500$560,304$552,058$602,856
61$626,062$565,294$548,087$618,943
62$666,748$569,821$543,275$634,242
63$710,853$573,839$537,572$650,320
64$758,705$577,302$530,925$667,262
65$810,660$580,157$523,279$685,160
66$867,114$582,351$514,575$704,119
67$928,500$583,827$504,754$724,255
68$995,295$584,522$493,751$745,699
69$1,068,023$584,372$481,500$768,596
70$1,147,264$583,308$467,932$793,107
71$1,233,651$581,257$452,974$819,413
72$1,327,884$578,139$436,550$847,714
73$1,430,734$573,874$418,580$878,233
74$1,543,048$568,373$398,982$911,219
75$1,665,759$561,543$377,668$946,948
76$1,799,894$553,287$354,547$985,727
77$1,946,584$543,498$329,525$1,027,897
78$2,107,074$532,068$302,503$1,073,837
79$2,282,736$518,879$273,376$1,123,968
80$2,475,077$503,807$242,037$1,178,757
81$2,685,763$486,721$208,373$1,238,722
82$2,916,622$467,482$172,264$1,304,438
83$3,169,671$445,942$133,589$1,376,542
84$3,447,132$421,947$92,219$1,455,742
85$3,751,449$395,333$48,018$1,542,821
86$4,085,317$365,924$847$1,638,646
87$4,451,703$333,538$0$1,744,180
88$4,853,875$297,980$0$1,875,273
89$5,295,434$259,045$0$2,019,551
90$5,780,346$216,516$0$2,178,111
91$6,312,979$170,163$0$2,352,450
92$6,898,147$119,744$0$2,544,217
93$7,541,151$65,005$0$2,755,237
94$8,247,832$5,674$0$2,987,522
95$9,024,625$0$0$3,243,295
96$9,878,620$0$0$3,550,131
97$10,817,627$0$0$3,890,277
98$11,850,251$0$0$4,264,426
99$12,985,974$0$0$4,676,025
100$14,235,241$0$0$5,128,870