Can I retire at age 60 with 555,000?

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 $555,000?

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$45,831$45,423$45,025$44,636$44,256$43,758
2 years$22,689$22,266$21,857$21,460$21,075$20,573
3 years$14,976$14,551$14,143$13,749$13,371$12,881
4 years$11,120$10,697$10,292$9,906$9,536$9,062
5 years$8,807$8,386$7,987$7,609$7,249$6,793
6 years$7,265$6,848$6,455$6,085$5,736$5,298
7 years$6,165$5,751$5,364$5,002$4,665$4,245
8 years$5,340$4,930$4,549$4,196$3,870$3,468
9 years$4,698$4,292$3,918$3,574$3,259$2,875
10 years$4,186$3,783$3,416$3,081$2,777$2,410
11 years$3,766$3,368$3,007$2,682$2,388$2,039
12 years$3,417$3,023$2,669$2,352$2,070$1,737
13 years$3,122$2,732$2,385$2,077$1,805$1,489
14 years$2,869$2,483$2,143$1,843$1,582$1,283
15 years$2,650$2,268$1,934$1,644$1,393$1,109
16 years$2,459$2,081$1,754$1,472$1,231$963
17 years$2,290$1,917$1,596$1,323$1,092$838
18 years$2,140$1,771$1,457$1,192$971$731
19 years$2,007$1,642$1,334$1,077$865$639
20 years$1,886$1,525$1,224$975$773$560
21 years$1,778$1,421$1,126$885$691$491
22 years$1,679$1,326$1,038$805$620$432
23 years$1,589$1,240$958$733$556$380
24 years$1,507$1,162$886$669$500$334
25 years$1,431$1,091$821$611$450$295
26 years$1,361$1,025$761$558$405$260
27 years$1,297$965$707$511$365$229
28 years$1,237$909$657$468$330$203
29 years$1,181$858$611$429$298$179
30 years$1,130$810$570$394$269$158
31 years$1,081$766$531$362$243$140
32 years$1,036$724$495$333$220$124
33 years$994$686$463$306$199$110
34 years$954$650$432$281$180$97
35 years$917$617$404$259$163$86
36 years$881$585$378$239$148$76
37 years$848$556$354$220$134$67
38 years$817$528$331$203$122$60
39 years$787$502$310$187$110$53
40 years$759$478$291$172$100$47
41 years$732$455$273$159$91$42
42 years$707$433$256$147$82$37
43 years$682$413$240$135$75$33
44 years$659$394$225$125$68$29
45 years$637$375$212$115$62$26
46 years$617$358$199$107$56$23
47 years$597$342$187$99$51$20
48 years$578$326$175$91$46$18
49 years$559$311$165$84$42$16
50 years$542$298$155$78$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $555,000, adding $3,049 every year, while hoping to spend $34,863 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: 42/36/22 Blend
59$555,000$555,000$555,000$555,000
60$614,755$585,340$576,738$636,500
61$640,366$576,928$558,964$643,867
62$667,421$566,935$539,427$648,252
63$696,030$555,247$518,030$652,297
64$726,314$541,743$494,673$655,987
65$758,405$526,295$469,252$659,313
66$792,446$508,768$441,655$662,265
67$828,595$489,017$411,770$664,835
68$867,024$466,890$379,477$667,019
69$907,921$442,228$344,649$668,814
70$951,491$414,860$307,158$670,222
71$997,962$384,606$266,866$671,249
72$1,047,578$351,277$223,630$671,904
73$1,100,613$314,671$177,303$672,205
74$1,157,361$274,575$127,729$672,172
75$1,218,149$230,767$74,745$671,835
76$1,283,334$183,008$18,182$671,231
77$1,353,307$131,048$0$670,407
78$1,428,498$74,623$0$679,321
79$1,509,378$13,453$0$693,340
80$1,596,467$0$0$708,319
81$1,690,332$0$0$745,303
82$1,791,599$0$0$791,006
83$1,900,954$0$0$840,416
84$2,019,151$0$0$893,881
85$2,147,020$0$0$951,783
86$2,285,472$0$0$1,014,543
87$2,435,509$0$0$1,082,623
88$2,598,232$0$0$1,156,532
89$2,774,854$0$0$1,236,830
90$2,966,707$0$0$1,324,131
91$3,175,256$0$0$1,419,113
92$3,402,115$0$0$1,522,521
93$3,649,057$0$0$1,635,174
94$3,918,035$0$0$1,757,975
95$4,211,198$0$0$1,891,915
96$4,530,909$0$0$2,038,089
97$4,879,770$0$0$2,197,697
98$5,260,647$0$0$2,372,065
99$5,676,692$0$0$2,562,651
100$6,131,377$0$0$2,771,057