Can I retire at age 60 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$44,593$44,195$43,808$43,430$43,060$41,715
2 years$22,076$21,664$21,266$20,880$20,505$19,162
3 years$14,571$14,158$13,761$13,378$13,009$11,710
4 years$10,819$10,408$10,014$9,638$9,278$8,033
5 years$8,569$8,160$7,771$7,403$7,053$5,865
6 years$7,069$6,663$6,280$5,920$5,581$4,452
7 years$5,998$5,596$5,219$4,867$4,539$3,468
8 years$5,195$4,796$4,426$4,083$3,765$2,752
9 years$4,571$4,176$3,812$3,478$3,171$2,214
10 years$4,072$3,681$3,324$2,998$2,702$1,800
11 years$3,665$3,277$2,926$2,609$2,324$1,475
12 years$3,325$2,941$2,597$2,289$2,014$1,217
13 years$3,038$2,658$2,320$2,020$1,756$1,009
14 years$2,792$2,416$2,085$1,794$1,539$840
15 years$2,579$2,207$1,882$1,599$1,355$702
16 years$2,392$2,025$1,706$1,432$1,198$588
17 years$2,228$1,865$1,553$1,287$1,062$493
18 years$2,083$1,723$1,417$1,160$944$415
19 years$1,952$1,597$1,298$1,048$842$350
20 years$1,835$1,484$1,191$949$752$295
21 years$1,730$1,382$1,095$861$673$249
22 years$1,633$1,290$1,010$783$603$211
23 years$1,546$1,207$932$713$541$178
24 years$1,466$1,131$862$650$487$151
25 years$1,392$1,061$798$594$438$128
26 years$1,324$997$741$543$394$108
27 years$1,262$939$688$497$356$92
28 years$1,204$884$639$456$321$78
29 years$1,150$834$595$418$290$66
30 years$1,099$788$554$383$262$56
31 years$1,052$745$517$352$237$48
32 years$1,008$705$482$324$214$40
33 years$967$668$450$298$194$34
34 years$928$633$420$274$175$29
35 years$892$600$393$252$159$25
36 years$858$570$368$232$144$21
37 years$825$541$344$214$130$18
38 years$795$514$322$197$118$15
39 years$766$489$302$182$107$13
40 years$738$465$283$168$97$11
41 years$712$443$265$155$88$9
42 years$687$422$249$143$80$8
43 years$664$402$234$132$73$7
44 years$642$383$219$122$66$6
45 years$620$365$206$112$60$5
46 years$600$348$193$104$54$4
47 years$581$332$182$96$49$3
48 years$562$317$171$89$45$3
49 years$544$303$160$82$41$3
50 years$527$289$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $540,000, adding $4,851 every year, while hoping to spend $47,521 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: 55/20/25 Blend
59$540,000$540,000$540,000$540,000
60$600,084$571,464$563,094$628,722
61$610,730$548,904$531,395$626,378
62$620,870$523,645$497,043$618,467
63$630,401$495,506$459,896$608,865
64$639,210$464,294$419,810$597,424
65$647,169$429,804$376,634$583,987
66$654,137$391,821$330,208$568,380
67$659,956$350,117$280,367$550,417
68$664,450$304,452$226,937$529,898
69$667,424$254,569$169,739$506,604
70$668,660$200,202$108,584$480,297
71$667,916$141,064$43,274$450,721
72$664,924$76,857$0$417,598
73$659,387$7,264$0$387,673
74$650,974$0$0$366,348
75$639,320$0$0$356,747
76$624,018$0$0$346,504
77$604,620$0$0$333,747
78$580,627$0$0$318,175
79$551,488$0$0$299,450
80$516,593$0$0$277,204
81$475,268$0$0$251,026
82$426,766$0$0$220,463
83$370,262$0$0$185,013
84$304,844$0$0$144,122
85$229,503$0$0$97,177
86$143,124$0$0$43,502
87$44,477$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0