Can I retire at age 60 with 604,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$49,878$49,433$49,000$48,577$48,164$47,780
2 years$24,692$24,232$23,786$23,354$22,935$22,548
3 years$16,298$15,836$15,391$14,963$14,551$14,173
4 years$12,102$11,641$11,201$10,780$10,378$10,012
5 years$9,584$9,127$8,692$8,280$7,889$7,536
6 years$7,907$7,453$7,025$6,622$6,242$5,903
7 years$6,709$6,259$5,838$5,444$5,077$4,750
8 years$5,811$5,365$4,951$4,567$4,212$3,899
9 years$5,113$4,671$4,264$3,890$3,547$3,247
10 years$4,555$4,117$3,718$3,353$3,022$2,736
11 years$4,099$3,665$3,273$2,918$2,599$2,326
12 years$3,719$3,290$2,905$2,560$2,252$1,992
13 years$3,398$2,973$2,595$2,260$1,964$1,716
14 years$3,122$2,702$2,332$2,006$1,722$1,486
15 years$2,884$2,469$2,105$1,789$1,516$1,292
16 years$2,676$2,265$1,909$1,602$1,340$1,127
17 years$2,492$2,086$1,737$1,439$1,188$987
18 years$2,329$1,928$1,585$1,297$1,056$866
19 years$2,184$1,786$1,451$1,172$941$761
20 years$2,053$1,660$1,332$1,062$841$671
21 years$1,934$1,546$1,225$963$753$592
22 years$1,827$1,443$1,129$876$675$523
23 years$1,729$1,350$1,043$798$606$463
24 years$1,640$1,265$964$728$544$410
25 years$1,557$1,187$893$664$490$364
26 years$1,481$1,116$828$608$441$323
27 years$1,411$1,050$769$556$398$287
28 years$1,346$989$715$510$359$255
29 years$1,286$933$665$467$324$227
30 years$1,229$881$620$429$293$202
31 years$1,177$833$578$394$265$180
32 years$1,128$788$539$362$239$160
33 years$1,082$747$503$333$217$143
34 years$1,038$708$470$306$196$127
35 years$998$671$440$282$178$113
36 years$959$637$411$260$161$101
37 years$923$605$385$239$146$90
38 years$889$575$361$220$132$80
39 years$856$547$338$203$120$72
40 years$826$520$317$188$109$64
41 years$797$495$297$173$99$57
42 years$769$472$278$160$90$51
43 years$743$449$261$147$81$46
44 years$718$428$245$136$74$41
45 years$694$408$230$126$67$36
46 years$671$390$216$116$61$32
47 years$649$372$203$107$55$29
48 years$629$355$191$99$50$26
49 years$609$339$180$92$46$23
50 years$590$324$169$85$41$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $604,000, adding $5,229 every year, while hoping to spend $49,747 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: 58/14/28 Blend
59$604,000$604,000$604,000$604,000
60$671,002$638,990$629,628$704,514
61$686,513$617,370$597,790$706,438
62$701,940$593,023$563,218$702,844
63$717,220$565,764$525,768$697,900
64$732,285$535,395$485,290$691,489
65$747,057$501,708$441,626$683,485
66$761,448$464,482$394,611$673,754
67$775,360$423,486$344,075$662,148
68$788,682$378,472$289,837$648,508
69$801,292$329,182$231,711$632,665
70$813,051$275,339$169,500$614,432
71$823,805$216,654$103,002$593,610
72$833,383$152,819$32,002$569,982
73$841,592$83,512$0$543,315
74$848,220$8,389$0$526,430
75$853,029$0$0$517,030
76$855,754$0$0$516,551
77$856,102$0$0$515,815
78$853,747$0$0$513,322
79$848,328$0$0$508,839
80$839,441$0$0$502,107
81$826,643$0$0$492,842
82$809,438$0$0$480,727
83$787,281$0$0$465,412
84$759,566$0$0$446,507
85$725,620$0$0$423,582
86$684,703$0$0$396,163
87$635,991$0$0$363,722
88$578,577$0$0$325,678
89$511,455$0$0$281,386
90$433,512$0$0$230,135
91$343,521$0$0$171,137
92$240,124$0$0$103,524
93$121,819$0$0$26,335
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0