Can I retire at age 60 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$47,731$47,306$46,891$46,486$46,091$44,244
2 years$23,629$23,189$22,762$22,349$21,948$20,111
3 years$15,596$15,154$14,729$14,319$13,925$12,155
4 years$11,581$11,140$10,719$10,316$9,931$8,242
5 years$9,172$8,734$8,318$7,924$7,550$5,946
6 years$7,567$7,132$6,722$6,337$5,974$4,456
7 years$6,420$5,989$5,586$5,210$4,858$3,426
8 years$5,561$5,134$4,738$4,370$4,030$2,682
9 years$4,893$4,470$4,081$3,723$3,394$2,127
10 years$4,359$3,940$3,558$3,209$2,892$1,704
11 years$3,922$3,508$3,132$2,793$2,487$1,376
12 years$3,559$3,148$2,780$2,450$2,155$1,118
13 years$3,251$2,845$2,483$2,163$1,880$912
14 years$2,988$2,586$2,231$1,920$1,648$747
15 years$2,760$2,362$2,015$1,712$1,451$614
16 years$2,561$2,168$1,826$1,533$1,282$506
17 years$2,385$1,996$1,662$1,377$1,137$418
18 years$2,229$1,845$1,517$1,241$1,011$345
19 years$2,090$1,710$1,389$1,122$901$286
20 years$1,964$1,589$1,275$1,016$805$237
21 years$1,851$1,480$1,172$922$720$197
22 years$1,748$1,381$1,081$838$646$163
23 years$1,655$1,292$998$763$579$136
24 years$1,569$1,210$923$696$521$113
25 years$1,490$1,136$855$636$469$94
26 years$1,418$1,068$793$581$422$78
27 years$1,350$1,005$736$532$381$65
28 years$1,288$947$684$488$343$54
29 years$1,230$893$637$447$310$45
30 years$1,177$843$593$410$280$37
31 years$1,126$797$553$377$253$31
32 years$1,079$754$516$346$229$26
33 years$1,035$714$482$319$207$22
34 years$994$677$450$293$188$18
35 years$955$642$421$270$170$15
36 years$918$610$394$248$154$13
37 years$883$579$368$229$140$10
38 years$851$550$345$211$127$9
39 years$820$523$323$195$115$7
40 years$790$498$303$179$104$6
41 years$762$474$284$166$94$5
42 years$736$451$266$153$86$4
43 years$711$430$250$141$78$3
44 years$687$410$235$130$71$3
45 years$664$391$220$120$64$2
46 years$642$373$207$111$58$2
47 years$621$356$194$103$53$2
48 years$601$340$183$95$48$1
49 years$583$324$172$88$44$1
50 years$564$310$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $578,000, adding $5,479 every year, while hoping to spend $26,892 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: 30/48/22 Blend
59$578,000$578,000$578,000$578,000
60$642,608$611,974$603,015$657,347
61$679,541$613,347$594,603$670,443
62$719,340$613,887$585,008$681,746
63$762,268$613,524$574,162$693,347
64$808,617$612,184$561,993$705,287
65$858,704$609,789$548,428$717,616
66$912,879$606,256$533,388$730,391
67$971,528$601,497$516,791$743,675
68$1,035,073$595,420$498,553$757,543
69$1,103,980$587,926$478,584$772,079
70$1,178,761$578,908$456,792$787,377
71$1,259,977$568,258$433,077$803,546
72$1,348,249$555,856$407,339$820,707
73$1,444,257$541,580$379,471$839,001
74$1,548,749$525,296$349,362$858,581
75$1,662,552$506,865$316,895$879,625
76$1,786,570$486,139$281,950$902,329
77$1,921,803$462,963$244,398$926,918
78$2,069,350$437,171$204,108$953,640
79$2,230,419$408,588$160,941$982,777
80$2,406,343$377,030$114,753$1,014,642
81$2,598,585$342,300$65,393$1,049,587
82$2,808,761$304,192$12,704$1,088,006
83$3,038,646$262,489$0$1,130,340
84$3,290,195$216,959$0$1,187,296
85$3,565,564$167,358$0$1,253,052
86$3,867,123$113,430$0$1,325,279
87$4,197,483$54,902$0$1,404,702
88$4,559,522$0$0$1,492,127
89$4,956,407$0$0$1,592,944
90$5,391,626$0$0$1,735,389
91$5,869,021$0$0$1,891,733
92$6,392,826$0$0$2,063,373
93$6,967,701$0$0$2,251,849
94$7,598,782$0$0$2,458,857
95$8,291,726$0$0$2,686,265
96$9,052,762$0$0$2,936,132
97$9,888,755$0$0$3,210,725
98$10,807,267$0$0$3,512,542
99$11,816,628$0$0$3,844,336
100$12,926,014$0$0$4,209,138