Can I retire at age 60 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$45,584$45,178$44,781$44,395$44,017$43,288
2 years$22,566$22,146$21,739$21,344$20,961$20,228
3 years$14,895$14,473$14,066$13,675$13,298$12,585
4 years$11,060$10,639$10,237$9,852$9,484$8,796
5 years$8,759$8,341$7,944$7,567$7,210$6,549
6 years$7,226$6,811$6,420$6,052$5,705$5,072
7 years$6,132$5,720$5,335$4,975$4,640$4,034
8 years$5,311$4,903$4,525$4,174$3,849$3,271
9 years$4,673$4,269$3,897$3,555$3,241$2,691
10 years$4,163$3,763$3,397$3,065$2,762$2,239
11 years$3,746$3,350$2,991$2,667$2,375$1,878
12 years$3,399$3,007$2,655$2,339$2,058$1,587
13 years$3,105$2,717$2,372$2,065$1,795$1,349
14 years$2,854$2,470$2,131$1,833$1,573$1,152
15 years$2,636$2,256$1,924$1,635$1,385$987
16 years$2,446$2,070$1,744$1,464$1,224$849
17 years$2,278$1,906$1,587$1,315$1,086$732
18 years$2,129$1,762$1,449$1,185$965$633
19 years$1,996$1,633$1,326$1,071$860$548
20 years$1,876$1,517$1,217$970$769$476
21 years$1,768$1,413$1,120$880$688$413
22 years$1,670$1,319$1,032$801$616$359
23 years$1,580$1,234$953$729$553$313
24 years$1,498$1,156$881$665$497$273
25 years$1,423$1,085$816$607$448$238
26 years$1,354$1,020$757$555$403$208
27 years$1,290$960$703$508$363$182
28 years$1,230$904$653$466$328$159
29 years$1,175$853$608$427$296$139
30 years$1,124$806$566$392$268$121
31 years$1,076$761$528$360$242$106
32 years$1,031$721$493$331$219$93
33 years$989$682$460$304$198$81
34 years$949$647$430$280$179$71
35 years$912$613$402$258$162$62
36 years$877$582$376$237$147$55
37 years$844$553$352$219$133$48
38 years$812$526$330$202$121$42
39 years$783$500$309$186$110$37
40 years$755$475$289$171$99$32
41 years$728$453$271$158$90$28
42 years$703$431$255$146$82$25
43 years$679$411$239$135$74$22
44 years$656$391$224$124$67$19
45 years$634$373$210$115$61$17
46 years$613$356$198$106$56$15
47 years$593$340$186$98$50$13
48 years$574$324$175$91$46$11
49 years$556$310$164$84$42$10
50 years$539$296$154$77$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $552,000, adding $2,350 every year, while hoping to spend $35,127 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: 71/12/17 Blend
59$552,000$552,000$552,000$552,000
60$610,728$581,472$572,916$651,496
61$635,647$572,589$554,734$670,024
62$661,931$562,094$534,765$685,858
63$689,682$549,870$512,913$702,295
64$719,010$535,794$489,077$719,387
65$750,038$519,737$463,150$737,196
66$782,898$501,560$435,021$755,788
67$817,734$481,118$404,575$775,238
68$854,706$458,255$371,691$795,629
69$893,986$432,810$336,243$817,055
70$935,764$404,609$298,099$839,617
71$980,247$373,470$257,120$863,433
72$1,027,662$339,200$213,163$888,629
73$1,078,257$301,594$166,078$915,349
74$1,132,305$260,438$115,707$943,749
75$1,190,104$215,503$61,887$974,008
76$1,251,981$166,549$4,446$1,006,320
77$1,318,294$113,321$0$1,040,903
78$1,389,438$55,552$0$1,088,310
79$1,465,844$0$0$1,140,029
80$1,547,985$0$0$1,196,515
81$1,636,383$0$0$1,265,218
82$1,731,608$0$0$1,339,247
83$1,834,288$0$0$1,419,095
84$1,945,112$0$0$1,505,299
85$2,064,838$0$0$1,598,452
86$2,194,298$0$0$1,699,205
87$2,334,405$0$0$1,808,272
88$2,486,168$0$0$1,926,440
89$2,650,689$0$0$2,054,573
90$2,829,187$0$0$2,193,623
91$3,022,997$0$0$2,344,634
92$3,233,591$0$0$2,508,757
93$3,462,586$0$0$2,687,257
94$3,711,762$0$0$2,881,527
95$3,983,078$0$0$3,093,097
96$4,278,689$0$0$3,323,654
97$4,600,966$0$0$3,575,052
98$4,952,520$0$0$3,849,332
99$5,336,224$0$0$4,148,742
100$5,755,239$0$0$4,475,756