Can I retire at age 60 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$47,648$47,224$46,810$46,405$46,011$44,917
2 years$23,588$23,149$22,723$22,310$21,910$20,814
3 years$15,569$15,128$14,703$14,294$13,901$12,837
4 years$11,561$11,121$10,700$10,298$9,914$8,891
5 years$9,156$8,719$8,304$7,910$7,536$6,557
6 years$7,553$7,120$6,711$6,326$5,963$5,029
7 years$6,409$5,979$5,577$5,201$4,850$3,960
8 years$5,551$5,125$4,729$4,363$4,023$3,178
9 years$4,885$4,462$4,073$3,716$3,388$2,586
10 years$4,352$3,933$3,551$3,203$2,887$2,127
11 years$3,916$3,502$3,127$2,788$2,483$1,765
12 years$3,553$3,143$2,775$2,445$2,152$1,474
13 years$3,246$2,840$2,479$2,159$1,876$1,238
14 years$2,983$2,582$2,227$1,916$1,645$1,044
15 years$2,755$2,358$2,011$1,709$1,448$884
16 years$2,556$2,164$1,823$1,530$1,280$751
17 years$2,381$1,993$1,659$1,375$1,135$639
18 years$2,225$1,841$1,515$1,239$1,009$545
19 years$2,086$1,707$1,387$1,120$899$466
20 years$1,961$1,586$1,272$1,014$803$399
21 years$1,848$1,477$1,170$920$719$342
22 years$1,745$1,379$1,079$837$644$293
23 years$1,652$1,290$996$762$578$252
24 years$1,566$1,208$921$695$520$216
25 years$1,488$1,134$853$635$468$186
26 years$1,415$1,066$791$580$421$160
27 years$1,348$1,003$735$531$380$138
28 years$1,286$945$683$487$343$119
29 years$1,228$892$636$446$310$102
30 years$1,175$842$592$410$280$88
31 years$1,124$796$552$376$253$76
32 years$1,077$753$515$346$229$66
33 years$1,033$713$481$318$207$57
34 years$992$676$449$293$187$49
35 years$953$641$420$269$170$42
36 years$916$609$393$248$154$36
37 years$882$578$368$229$139$31
38 years$849$549$344$211$126$27
39 years$818$522$323$194$115$23
40 years$789$497$302$179$104$20
41 years$761$473$284$165$94$17
42 years$735$451$266$153$86$15
43 years$709$429$250$141$78$13
44 years$686$409$234$130$70$11
45 years$663$390$220$120$64$10
46 years$641$372$207$111$58$8
47 years$620$355$194$102$53$7
48 years$600$339$182$95$48$6
49 years$581$324$171$88$44$5
50 years$563$309$161$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $577,000, adding $2,401 every year, while hoping to spend $41,864 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: 65/25/10 Blend
59$577,000$577,000$577,000$577,000
60$638,331$607,750$598,806$678,302
61$658,897$592,986$574,323$690,483
62$680,159$576,097$547,617$698,638
63$702,142$556,932$518,569$706,475
64$724,874$535,335$487,054$713,960
65$748,385$511,141$452,945$721,056
66$772,705$484,172$416,104$727,727
67$797,868$454,243$376,390$733,932
68$823,908$421,158$333,656$739,630
69$850,860$384,708$287,747$744,775
70$878,763$344,674$238,502$749,321
71$907,657$300,824$185,752$753,218
72$937,585$252,911$129,322$756,415
73$968,593$200,678$69,028$758,858
74$1,000,727$143,849$4,678$760,488
75$1,034,039$82,135$0$761,247
76$1,068,583$15,232$0$767,899
77$1,104,416$0$0$774,528
78$1,141,600$0$0$796,318
79$1,180,199$0$0$823,292
80$1,220,283$0$0$851,309
81$1,261,927$0$0$880,421
82$1,305,209$0$0$910,683
83$1,350,215$0$0$942,158
84$1,397,035$0$0$974,907
85$1,445,768$0$0$1,009,002
86$1,496,517$0$0$1,044,516
87$1,549,397$0$0$1,081,530
88$1,604,527$0$0$1,120,128
89$1,662,040$0$0$1,160,404
90$1,722,075$0$0$1,202,459
91$1,784,784$0$0$1,246,399
92$1,850,332$0$0$1,292,342
93$1,918,897$0$0$1,340,413
94$1,990,669$0$0$1,390,750
95$2,065,858$0$0$1,443,500
96$2,144,688$0$0$1,498,824
97$2,227,405$0$0$1,556,895
98$2,314,273$0$0$1,617,903
99$2,405,582$0$0$1,682,054
100$2,501,645$0$0$1,749,570