Can I retire at age 60 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$45,253$44,850$44,457$44,073$43,698$43,206
2 years$22,403$21,985$21,581$21,189$20,809$20,313
3 years$14,787$14,368$13,964$13,576$13,202$12,718
4 years$10,980$10,562$10,162$9,781$9,416$8,948
5 years$8,696$8,281$7,887$7,513$7,158$6,707
6 years$7,174$6,762$6,373$6,008$5,664$5,231
7 years$6,087$5,678$5,296$4,939$4,606$4,191
8 years$5,272$4,867$4,492$4,144$3,821$3,424
9 years$4,639$4,238$3,869$3,529$3,218$2,839
10 years$4,133$3,736$3,373$3,042$2,742$2,380
11 years$3,719$3,326$2,969$2,648$2,358$2,013
12 years$3,374$2,985$2,635$2,322$2,043$1,716
13 years$3,083$2,697$2,354$2,050$1,782$1,470
14 years$2,833$2,452$2,115$1,820$1,562$1,266
15 years$2,617$2,240$1,910$1,623$1,375$1,095
16 years$2,428$2,055$1,732$1,453$1,216$950
17 years$2,261$1,893$1,576$1,306$1,078$827
18 years$2,113$1,749$1,438$1,177$958$722
19 years$1,981$1,621$1,317$1,063$854$631
20 years$1,862$1,506$1,209$963$763$553
21 years$1,755$1,403$1,112$874$683$485
22 years$1,658$1,310$1,025$795$612$426
23 years$1,569$1,225$946$724$549$375
24 years$1,488$1,148$875$660$494$330
25 years$1,413$1,077$810$603$444$291
26 years$1,344$1,012$752$551$400$257
27 years$1,280$953$698$505$361$226
28 years$1,221$898$649$462$326$200
29 years$1,167$847$604$424$294$177
30 years$1,115$800$562$389$266$156
31 years$1,068$756$524$357$240$138
32 years$1,023$715$489$328$217$122
33 years$981$677$457$302$197$108
34 years$942$642$427$278$178$96
35 years$905$609$399$256$161$85
36 years$870$578$373$236$146$75
37 years$837$549$349$217$132$67
38 years$806$522$327$200$120$59
39 years$777$496$306$184$109$52
40 years$749$472$287$170$99$46
41 years$723$449$269$157$90$41
42 years$698$428$253$145$81$36
43 years$674$408$237$134$74$32
44 years$651$389$223$123$67$29
45 years$629$371$209$114$61$25
46 years$609$354$196$105$55$23
47 years$589$337$184$97$50$20
48 years$570$322$173$90$46$18
49 years$552$308$163$83$41$16
50 years$535$294$153$77$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $548,000, adding $5,998 every year, while hoping to spend $20,753 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: 33/43/24 Blend
59$548,000$548,000$548,000$548,000
60$610,083$581,039$572,545$625,578
61$650,230$587,429$569,644$644,115
62$693,777$593,436$565,951$661,788
63$741,049$599,021$561,416$680,418
64$792,401$604,138$555,989$700,102
65$848,229$608,744$549,617$720,949
66$908,963$612,787$542,245$743,080
67$975,080$616,217$533,813$766,631
68$1,047,104$618,976$524,261$791,751
69$1,125,609$621,007$513,524$818,608
70$1,211,231$622,246$501,537$847,386
71$1,304,666$622,626$488,228$878,293
72$1,406,683$622,076$473,525$911,557
73$1,518,128$620,521$457,351$947,433
74$1,639,931$617,880$439,627$986,204
75$1,773,117$614,070$420,267$1,028,183
76$1,918,815$608,998$399,185$1,073,718
77$2,078,265$602,571$376,290$1,123,195
78$2,252,838$594,686$351,485$1,177,043
79$2,444,038$585,237$324,670$1,235,735
80$2,653,525$574,108$295,742$1,299,798
81$2,883,126$561,181$264,591$1,369,816
82$3,134,853$546,327$231,103$1,446,434
83$3,410,922$529,411$195,159$1,530,367
84$3,713,774$510,290$156,634$1,622,408
85$4,046,097$488,813$115,400$1,723,434
86$4,410,854$464,819$71,320$1,834,417
87$4,811,305$438,139$24,253$1,956,430
88$5,251,044$408,594$0$2,090,665
89$5,734,029$375,994$0$2,245,088
90$6,264,622$340,139$0$2,421,563
91$6,847,625$300,818$0$2,615,524
92$7,488,331$257,806$0$2,828,796
93$8,192,570$210,868$0$3,063,389
94$8,966,765$159,753$0$3,321,529
95$9,817,992$104,198$0$3,605,668
96$10,754,047$43,924$0$3,918,517
97$11,783,521$0$0$4,263,065
98$12,915,877$0$0$4,652,722
99$14,161,541$0$0$5,104,326
100$15,532,004$0$0$5,601,270