Can I retire at age 60 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$46,905$46,487$46,079$45,682$45,293$43,878
2 years$23,220$22,788$22,369$21,962$21,568$20,155
3 years$15,326$14,892$14,474$14,071$13,684$12,317
4 years$11,380$10,947$10,533$10,138$9,759$8,450
5 years$9,013$8,583$8,174$7,787$7,419$6,170
6 years$7,436$7,008$6,606$6,227$5,870$4,682
7 years$6,309$5,886$5,490$5,120$4,774$3,648
8 years$5,465$5,045$4,656$4,295$3,961$2,895
9 years$4,808$4,393$4,010$3,658$3,335$2,329
10 years$4,284$3,872$3,496$3,153$2,842$1,893
11 years$3,855$3,447$3,078$2,744$2,444$1,552
12 years$3,497$3,094$2,731$2,407$2,118$1,280
13 years$3,195$2,796$2,440$2,125$1,847$1,061
14 years$2,936$2,541$2,193$1,887$1,619$883
15 years$2,712$2,322$1,980$1,682$1,426$738
16 years$2,516$2,130$1,795$1,506$1,260$618
17 years$2,344$1,962$1,633$1,354$1,117$519
18 years$2,191$1,813$1,491$1,220$993$437
19 years$2,054$1,680$1,365$1,102$885$368
20 years$1,930$1,561$1,253$998$791$310
21 years$1,819$1,454$1,152$906$708$262
22 years$1,718$1,357$1,062$824$634$221
23 years$1,626$1,270$981$750$569$187
24 years$1,542$1,189$907$684$512$159
25 years$1,464$1,116$840$625$461$134
26 years$1,393$1,049$779$571$415$114
27 years$1,327$987$723$523$374$97
28 years$1,266$930$672$479$337$82
29 years$1,209$878$626$439$305$69
30 years$1,156$829$583$403$275$59
31 years$1,107$784$543$370$249$50
32 years$1,061$741$507$340$225$42
33 years$1,017$702$473$313$204$36
34 years$976$665$442$288$185$31
35 years$938$631$414$265$167$26
36 years$902$599$387$244$151$22
37 years$868$569$362$225$137$19
38 years$836$541$339$207$124$16
39 years$805$514$318$191$113$14
40 years$777$489$298$176$102$11
41 years$749$466$279$163$93$10
42 years$723$443$262$150$84$8
43 years$698$423$246$139$76$7
44 years$675$403$231$128$69$6
45 years$652$384$217$118$63$5
46 years$631$366$203$109$57$4
47 years$611$350$191$101$52$4
48 years$591$334$180$93$47$3
49 years$572$319$169$86$43$3
50 years$555$304$159$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $568,000, adding $3,674 every year, while hoping to spend $29,320 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: 61/33/6 Blend
59$568,000$568,000$568,000$568,000
60$629,726$599,622$590,818$667,217
61$662,762$597,807$579,414$690,902
62$698,184$594,921$566,645$713,002
63$736,206$590,879$552,435$736,363
64$777,061$585,594$536,704$761,105
65$821,005$578,971$519,367$787,364
66$868,318$570,912$500,336$815,288
67$919,310$561,310$479,521$845,044
68$974,320$550,054$456,825$876,813
69$1,033,719$537,025$432,147$910,801
70$1,097,918$522,099$405,383$947,231
71$1,167,366$505,142$376,424$986,354
72$1,242,557$486,014$345,154$1,028,446
73$1,324,036$464,567$311,455$1,073,815
74$1,412,400$440,643$275,201$1,122,800
75$1,508,306$414,076$236,262$1,175,777
76$1,612,478$384,691$194,502$1,233,163
77$1,725,711$352,300$149,777$1,295,421
78$1,848,879$316,709$101,941$1,363,060
79$1,982,946$277,709$50,836$1,436,646
80$2,128,970$235,080$0$1,516,806
81$2,288,117$188,591$0$1,604,469
82$2,461,670$137,997$0$1,703,654
83$2,651,040$83,039$0$1,811,963
84$2,857,782$23,443$0$1,930,344
85$3,083,606$0$0$2,059,850
86$3,330,396$0$0$2,216,556
87$3,600,224$0$0$2,397,240
88$3,895,374$0$0$2,594,925
89$4,218,359$0$0$2,811,297
90$4,571,947$0$0$3,048,219
91$4,959,185$0$0$3,307,736
92$5,383,430$0$0$3,592,105
93$5,848,377$0$0$3,903,810
94$6,358,098$0$0$4,245,585
95$6,917,076$0$0$4,620,445
96$7,530,249$0$0$5,031,708
97$8,203,056$0$0$5,483,028
98$8,941,488$0$0$5,978,433
99$9,752,145$0$0$6,522,358
100$10,642,294$0$0$7,119,688