Can I retire at age 60 with 536,000?

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 $536,000?

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$44,262$43,868$43,483$43,108$42,741$42,472
2 years$21,912$21,504$21,108$20,725$20,353$20,081
3 years$14,463$14,053$13,659$13,279$12,913$12,647
4 years$10,739$10,331$9,940$9,567$9,210$8,952
5 years$8,505$8,099$7,714$7,348$7,001$6,752
6 years$7,017$6,614$6,234$5,876$5,540$5,300
7 years$5,954$5,554$5,180$4,831$4,505$4,275
8 years$5,157$4,761$4,393$4,053$3,737$3,517
9 years$4,538$4,145$3,784$3,452$3,147$2,936
10 years$4,042$3,654$3,299$2,976$2,682$2,479
11 years$3,637$3,253$2,904$2,590$2,306$2,113
12 years$3,300$2,920$2,578$2,272$1,999$1,814
13 years$3,015$2,638$2,303$2,005$1,743$1,567
14 years$2,771$2,398$2,069$1,780$1,528$1,360
15 years$2,559$2,191$1,868$1,588$1,345$1,186
16 years$2,375$2,010$1,694$1,422$1,189$1,038
17 years$2,212$1,851$1,541$1,277$1,054$911
18 years$2,067$1,711$1,407$1,151$937$801
19 years$1,938$1,585$1,288$1,040$835$707
20 years$1,822$1,473$1,182$942$746$625
21 years$1,717$1,372$1,087$855$668$553
22 years$1,621$1,281$1,002$777$599$490
23 years$1,534$1,198$925$708$537$435
24 years$1,455$1,122$856$646$483$387
25 years$1,382$1,053$793$590$435$344
26 years$1,315$990$735$539$391$306
27 years$1,252$932$683$494$353$273
28 years$1,195$878$635$452$318$243
29 years$1,141$828$590$415$288$217
30 years$1,091$782$550$381$260$194
31 years$1,044$739$513$349$235$173
32 years$1,001$700$478$321$212$155
33 years$960$663$447$295$192$138
34 years$921$628$417$272$174$124
35 years$885$596$390$250$158$111
36 years$851$565$365$230$143$99
37 years$819$537$342$212$130$89
38 years$789$510$320$196$117$79
39 years$760$485$300$180$106$71
40 years$733$462$281$166$97$64
41 years$707$439$263$154$88$57
42 years$682$419$247$142$79$51
43 years$659$399$232$131$72$46
44 years$637$380$218$121$65$41
45 years$616$362$204$112$59$37
46 years$595$346$192$103$54$33
47 years$576$330$180$95$49$29
48 years$558$315$169$88$45$26
49 years$540$301$159$81$40$24
50 years$523$287$150$75$37$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $536,000, adding $3,090 every year, while hoping to spend $30,272 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: 55/17/28 Blend
59$536,000$536,000$536,000$536,000
60$593,859$565,451$557,143$621,766
61$622,224$560,949$543,598$636,848
62$652,467$555,212$528,585$649,885
63$684,748$548,147$512,023$663,476
64$719,243$539,656$493,825$677,682
65$756,142$529,636$473,905$692,578
66$795,657$517,977$452,169$708,243
67$838,017$504,561$428,520$724,769
68$883,476$489,265$402,857$742,258
69$932,311$471,960$375,073$760,824
70$984,827$452,506$345,058$780,595
71$1,041,358$430,758$312,697$801,714
72$1,102,272$406,561$277,868$824,343
73$1,167,973$379,751$240,445$848,658
74$1,238,902$350,155$200,296$874,861
75$1,315,548$317,590$157,284$903,174
76$1,398,446$281,864$111,265$933,846
77$1,488,183$242,772$62,088$967,153
78$1,585,408$200,097$9,598$1,003,404
79$1,690,830$153,613$0$1,042,942
80$1,805,232$103,077$0$1,100,017
81$1,929,475$48,237$0$1,165,146
82$2,064,503$0$0$1,235,985
83$2,211,359$0$0$1,315,204
84$2,371,186$0$0$1,411,284
85$2,545,245$0$0$1,515,966
86$2,734,923$0$0$1,630,088
87$2,941,744$0$0$1,754,575
88$3,167,389$0$0$1,890,443
89$3,413,706$0$0$2,038,812
90$3,682,729$0$0$2,200,915
91$3,976,698$0$0$2,378,108
92$4,298,080$0$0$2,571,884
93$4,649,589$0$0$2,783,888
94$5,034,215$0$0$3,015,932
95$5,455,249$0$0$3,270,008
96$5,916,317$0$0$3,548,314
97$6,421,409$0$0$3,853,267
98$6,974,922$0$0$4,187,531
99$7,581,697$0$0$4,554,038
100$8,247,066$0$0$4,956,020