Can I retire at age 60 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$50,456$50,006$49,568$49,140$48,722$48,354
2 years$24,978$24,513$24,062$23,625$23,201$22,830
3 years$16,487$16,019$15,570$15,137$14,720$14,357
4 years$12,242$11,776$11,331$10,905$10,498$10,147
5 years$9,696$9,233$8,793$8,376$7,981$7,642
6 years$7,999$7,539$7,106$6,699$6,315$5,989
7 years$6,787$6,331$5,905$5,507$5,136$4,822
8 years$5,879$5,427$5,008$4,620$4,260$3,960
9 years$5,172$4,725$4,314$3,935$3,588$3,300
10 years$4,608$4,165$3,761$3,392$3,057$2,782
11 years$4,146$3,708$3,311$2,952$2,629$2,367
12 years$3,762$3,328$2,938$2,589$2,278$2,028
13 years$3,437$3,008$2,625$2,286$1,987$1,748
14 years$3,159$2,734$2,359$2,029$1,742$1,515
15 years$2,918$2,497$2,130$1,810$1,533$1,318
16 years$2,707$2,291$1,931$1,620$1,355$1,151
17 years$2,521$2,110$1,757$1,456$1,202$1,008
18 years$2,356$1,950$1,604$1,312$1,068$885
19 years$2,209$1,807$1,468$1,186$952$779
20 years$2,077$1,679$1,347$1,074$851$687
21 years$1,957$1,564$1,239$975$761$607
22 years$1,848$1,460$1,142$886$682$537
23 years$1,749$1,366$1,055$807$613$475
24 years$1,659$1,280$975$736$551$421
25 years$1,575$1,201$903$672$495$374
26 years$1,498$1,129$838$615$446$332
27 years$1,428$1,062$778$563$402$295
28 years$1,362$1,001$723$515$363$263
29 years$1,301$944$673$473$328$234
30 years$1,244$892$627$434$296$208
31 years$1,191$843$585$398$268$186
32 years$1,141$798$545$366$242$165
33 years$1,094$755$509$337$219$148
34 years$1,050$716$476$310$198$132
35 years$1,009$679$445$285$180$117
36 years$970$644$416$263$163$105
37 years$934$612$389$242$148$94
38 years$899$582$365$223$134$84
39 years$866$553$342$206$121$75
40 years$835$526$320$190$110$67
41 years$806$501$300$175$100$60
42 years$778$477$282$162$91$53
43 years$751$455$264$149$82$48
44 years$726$433$248$138$75$42
45 years$702$413$233$127$68$38
46 years$679$394$219$117$62$34
47 years$657$376$206$109$56$30
48 years$636$359$193$100$51$27
49 years$616$343$182$93$46$24
50 years$597$328$171$86$42$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $611,000, adding $3,758 every year, while hoping to spend $55,108 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: 78/15/7 Blend
59$611,000$611,000$611,000$611,000
60$677,198$644,815$635,345$729,172
61$687,638$617,777$597,994$736,769
62$697,296$587,566$557,546$737,555
63$706,033$553,971$513,837$736,787
64$713,697$516,763$466,699$734,285
65$720,115$475,706$415,954$729,851
66$725,097$430,546$361,419$723,269
67$728,430$381,016$302,900$714,299
68$729,879$326,834$240,195$702,681
69$729,180$267,703$173,096$688,127
70$726,043$203,307$101,381$670,321
71$720,145$133,314$24,823$648,917
72$711,126$57,373$0$623,534
73$698,589$0$0$598,002
74$682,094$0$0$573,977
75$661,152$0$0$555,588
76$635,223$0$0$532,900
77$603,708$0$0$505,398
78$565,945$0$0$472,512
79$521,201$0$0$433,613
80$468,665$0$0$388,002
81$407,441$0$0$334,908
82$336,538$0$0$273,480
83$254,860$0$0$202,776
84$161,196$0$0$121,753
85$54,210$0$0$29,263
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
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