Can I retire at age 60 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$44,840$44,441$44,051$43,671$43,300$42,865
2 years$22,198$21,785$21,384$20,996$20,619$20,181
3 years$14,652$14,237$13,837$13,452$13,081$12,654
4 years$10,879$10,465$10,070$9,691$9,330$8,916
5 years$8,616$8,205$7,815$7,444$7,092$6,694
6 years$7,108$6,700$6,315$5,953$5,612$5,229
7 years$6,032$5,627$5,248$4,894$4,564$4,197
8 years$5,224$4,823$4,451$4,106$3,786$3,435
9 years$4,597$4,199$3,833$3,497$3,189$2,852
10 years$4,095$3,702$3,342$3,015$2,717$2,396
11 years$3,685$3,295$2,942$2,624$2,337$2,031
12 years$3,343$2,958$2,611$2,301$2,025$1,733
13 years$3,054$2,673$2,333$2,032$1,766$1,489
14 years$2,807$2,430$2,096$1,803$1,548$1,285
15 years$2,593$2,219$1,893$1,608$1,363$1,113
16 years$2,406$2,036$1,716$1,440$1,204$968
17 years$2,241$1,875$1,561$1,294$1,068$844
18 years$2,094$1,733$1,425$1,166$950$738
19 years$1,963$1,606$1,305$1,054$846$647
20 years$1,845$1,492$1,198$954$756$568
21 years$1,739$1,390$1,101$866$677$499
22 years$1,643$1,298$1,015$787$606$440
23 years$1,555$1,214$937$717$544$388
24 years$1,474$1,137$867$654$489$342
25 years$1,400$1,067$803$597$440$302
26 years$1,332$1,003$745$546$397$267
27 years$1,269$944$691$500$358$236
28 years$1,210$889$643$458$323$209
29 years$1,156$839$598$420$291$185
30 years$1,105$792$557$386$263$164
31 years$1,058$749$519$354$238$146
32 years$1,014$709$485$325$215$129
33 years$972$671$453$299$195$115
34 years$934$636$423$275$176$102
35 years$897$603$395$253$160$90
36 years$862$573$370$233$145$80
37 years$830$544$346$215$131$71
38 years$799$517$324$198$119$63
39 years$770$492$304$183$108$56
40 years$742$468$285$169$98$50
41 years$716$445$267$156$89$44
42 years$691$424$250$144$81$39
43 years$668$404$235$133$73$35
44 years$645$385$221$122$66$31
45 years$624$367$207$113$60$28
46 years$603$350$194$104$55$25
47 years$584$334$183$96$50$22
48 years$565$319$172$89$45$20
49 years$547$305$161$82$41$17
50 years$530$291$152$76$37$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $543,000, adding $2,410 every year, while hoping to spend $34,175 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: 44/48/8 Blend
59$543,000$543,000$543,000$543,000
60$600,872$572,093$563,676$625,839
61$625,799$563,764$546,198$635,048
62$652,123$553,881$526,988$641,329
63$679,951$542,332$505,953$647,352
64$709,398$528,999$482,995$653,105
65$740,592$513,755$458,011$658,579
66$773,671$496,468$430,893$663,764
67$808,787$476,996$401,529$668,653
68$846,105$455,190$369,802$673,243
69$885,806$430,893$335,589$677,532
70$928,089$403,937$298,761$681,520
71$973,170$374,146$259,186$685,215
72$1,021,288$341,334$216,723$688,624
73$1,072,702$305,302$171,227$691,765
74$1,127,699$265,844$122,544$694,656
75$1,186,592$222,737$70,517$697,328
76$1,249,723$175,750$14,978$699,814
77$1,317,470$124,637$0$702,160
78$1,390,246$69,139$0$708,201
79$1,468,505$8,980$0$715,833
80$1,552,744$0$0$723,872
81$1,643,510$0$0$762,076
82$1,741,405$0$0$808,447
83$1,847,089$0$0$858,559
84$1,961,286$0$0$912,763
85$2,084,793$0$0$971,445
86$2,218,488$0$0$1,035,029
87$2,363,332$0$0$1,103,980
88$2,520,384$0$0$1,178,810
89$2,690,810$0$0$1,260,083
90$2,875,890$0$0$1,348,418
91$3,077,032$0$0$1,444,498
92$3,295,786$0$0$1,549,072
93$3,533,858$0$0$1,662,965
94$3,793,123$0$0$1,787,085
95$4,075,645$0$0$1,922,433
96$4,383,697$0$0$2,070,107
97$4,719,779$0$0$2,231,320
98$5,086,643$0$0$2,407,403
99$5,487,319$0$0$2,599,823
100$5,925,141$0$0$2,810,197