Can I retire at age 60 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$44,675$44,277$43,889$43,510$43,140$42,286
2 years$22,116$21,705$21,305$20,918$20,543$19,686
3 years$14,598$14,184$13,786$13,403$13,033$12,201
4 years$10,839$10,427$10,033$9,656$9,295$8,493
5 years$8,585$8,175$7,786$7,417$7,066$6,297
6 years$7,082$6,675$6,292$5,931$5,591$4,855
7 years$6,009$5,606$5,229$4,876$4,547$3,845
8 years$5,205$4,805$4,434$4,091$3,772$3,103
9 years$4,580$4,184$3,819$3,484$3,177$2,541
10 years$4,080$3,688$3,330$3,003$2,707$2,103
11 years$3,671$3,283$2,931$2,614$2,328$1,756
12 years$3,331$2,947$2,602$2,293$2,017$1,476
13 years$3,043$2,663$2,324$2,024$1,759$1,248
14 years$2,797$2,421$2,088$1,797$1,542$1,060
15 years$2,583$2,211$1,886$1,602$1,358$903
16 years$2,397$2,029$1,710$1,435$1,200$773
17 years$2,232$1,868$1,556$1,289$1,064$662
18 years$2,086$1,727$1,420$1,162$946$569
19 years$1,956$1,600$1,300$1,050$843$490
20 years$1,839$1,487$1,193$951$753$423
21 years$1,733$1,385$1,097$863$674$365
22 years$1,637$1,293$1,011$785$604$316
23 years$1,549$1,209$934$715$542$273
24 years$1,469$1,133$864$652$487$237
25 years$1,395$1,063$800$595$439$205
26 years$1,327$999$742$544$395$178
27 years$1,264$940$689$498$356$154
28 years$1,206$886$640$456$321$134
29 years$1,152$836$596$419$290$116
30 years$1,101$789$555$384$262$101
31 years$1,054$746$518$353$237$88
32 years$1,010$706$483$324$214$76
33 years$969$669$451$298$194$67
34 years$930$634$421$274$176$58
35 years$894$601$394$253$159$50
36 years$859$571$368$233$144$44
37 years$827$542$345$214$131$38
38 years$796$515$323$197$119$33
39 years$767$490$303$182$107$29
40 years$740$466$284$168$97$25
41 years$714$444$266$155$88$22
42 years$689$422$249$143$80$19
43 years$665$402$234$132$73$17
44 years$643$384$220$122$66$14
45 years$621$366$206$113$60$13
46 years$601$349$194$104$54$11
47 years$582$333$182$96$49$10
48 years$563$318$171$89$45$8
49 years$545$304$161$82$41$7
50 years$528$290$151$76$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $541,000, adding $6,195 every year, while hoping to spend $31,524 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: 55/36/9 Blend
59$541,000$541,000$541,000$541,000
60$602,572$573,899$565,514$634,057
61$630,493$568,479$550,917$650,640
62$660,206$561,737$534,775$664,682
63$691,859$553,574$517,002$679,216
64$725,617$543,887$497,510$694,291
65$761,658$532,566$476,205$709,968
66$800,180$519,495$452,990$726,312
67$841,397$504,548$427,764$743,398
68$885,546$487,597$400,421$761,309
69$932,885$468,503$370,848$780,141
70$983,698$447,119$338,931$799,998
71$1,038,298$423,290$304,547$821,002
72$1,097,026$396,853$267,572$843,284
73$1,160,258$367,635$227,871$866,997
74$1,228,407$335,452$185,307$892,307
75$1,301,926$300,110$139,737$919,403
76$1,381,313$261,406$91,008$948,496
77$1,467,116$219,123$38,965$979,821
78$1,559,934$173,033$0$1,013,642
79$1,660,430$122,895$0$1,051,843
80$1,769,330$68,453$0$1,097,258
81$1,887,433$9,438$0$1,146,524
82$2,015,619$0$0$1,200,065
83$2,154,852$0$0$1,279,917
84$2,306,197$0$0$1,370,824
85$2,470,824$0$0$1,469,755
86$2,650,018$0$0$1,577,488
87$2,845,195$0$0$1,694,881
88$3,057,914$0$0$1,822,878
89$3,289,890$0$0$1,962,517
90$3,543,010$0$0$2,114,941
91$3,819,350$0$0$2,281,408
92$4,121,198$0$0$2,463,303
93$4,451,072$0$0$2,662,151
94$4,811,742$0$0$2,879,630
95$5,206,260$0$0$3,117,590
96$5,637,986$0$0$3,378,064
97$6,110,620$0$0$3,663,295
98$6,628,236$0$0$3,975,751
99$7,195,320$0$0$4,318,150
100$7,816,813$0$0$4,693,484