Can I retire at age 60 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$50,538$50,088$49,649$49,220$48,802$47,934
2 years$25,019$24,553$24,101$23,664$23,239$22,368
3 years$16,514$16,046$15,595$15,162$14,744$13,896
4 years$12,262$11,795$11,349$10,923$10,515$9,698
5 years$9,711$9,248$8,808$8,390$7,994$7,209
6 years$8,012$7,551$7,118$6,709$6,325$5,573
7 years$6,798$6,342$5,915$5,516$5,144$4,426
8 years$5,888$5,436$5,016$4,627$4,267$3,583
9 years$5,181$4,733$4,321$3,942$3,594$2,942
10 years$4,615$4,172$3,767$3,398$3,062$2,443
11 years$4,153$3,714$3,316$2,957$2,633$2,046
12 years$3,768$3,333$2,943$2,594$2,282$1,726
13 years$3,443$3,012$2,629$2,290$1,990$1,464
14 years$3,164$2,738$2,363$2,033$1,744$1,247
15 years$2,922$2,501$2,133$1,813$1,536$1,067
16 years$2,711$2,295$1,934$1,623$1,357$916
17 years$2,525$2,114$1,760$1,458$1,204$788
18 years$2,360$1,953$1,606$1,314$1,070$680
19 years$2,213$1,810$1,471$1,188$954$587
20 years$2,080$1,682$1,350$1,076$852$508
21 years$1,960$1,567$1,241$976$762$441
22 years$1,851$1,463$1,144$888$683$382
23 years$1,752$1,368$1,056$808$614$332
24 years$1,661$1,282$977$737$551$289
25 years$1,578$1,203$905$673$496$251
26 years$1,501$1,130$839$616$447$219
27 years$1,430$1,064$779$563$403$191
28 years$1,364$1,002$725$516$364$166
29 years$1,303$946$674$473$328$145
30 years$1,246$893$628$434$297$127
31 years$1,193$844$585$399$268$111
32 years$1,143$799$546$367$243$97
33 years$1,096$757$510$337$220$84
34 years$1,052$717$477$310$199$74
35 years$1,011$680$446$286$180$64
36 years$972$645$417$263$163$56
37 years$935$613$390$242$148$49
38 years$901$583$365$223$134$43
39 years$868$554$342$206$122$38
40 years$837$527$321$190$110$33
41 years$807$502$301$175$100$29
42 years$779$478$282$162$91$25
43 years$753$455$265$149$82$22
44 years$727$434$249$138$75$19
45 years$703$414$233$127$68$17
46 years$680$395$219$118$62$15
47 years$658$377$206$109$56$13
48 years$637$360$194$100$51$11
49 years$617$343$182$93$46$10
50 years$598$328$171$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $612,000, adding $2,708 every year, while hoping to spend $25,206 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: 67/12/21 Blend
59$612,000$612,000$612,000$612,000
60$677,217$644,781$635,295$718,836
61$719,474$649,557$629,759$751,842
62$765,197$653,721$623,192$784,768
63$814,712$657,218$615,534$820,176
64$868,379$659,988$606,720$858,309
65$926,592$661,966$596,684$899,436
66$989,787$663,085$585,355$943,855
67$1,058,441$663,272$572,660$991,894
68$1,133,080$662,450$558,523$1,043,914
69$1,214,283$660,539$542,862$1,100,315
70$1,302,686$657,452$525,594$1,161,538
71$1,398,989$653,096$506,630$1,228,069
72$1,503,963$647,375$485,880$1,300,446
73$1,618,456$640,185$463,246$1,379,260
74$1,743,402$631,417$438,628$1,465,165
75$1,879,828$620,956$411,921$1,558,883
76$2,028,865$608,677$383,015$1,661,210
77$2,191,759$594,452$351,795$1,773,024
78$2,369,880$578,142$318,142$1,895,294
79$2,564,739$559,602$281,931$2,029,089
80$2,777,996$538,677$243,030$2,175,589
81$3,011,484$515,203$201,303$2,336,094
82$3,267,215$489,009$156,607$2,512,041
83$3,547,412$459,910$108,793$2,705,013
84$3,854,516$427,715$57,707$2,916,756
85$4,191,222$392,218$3,185$3,149,198
86$4,560,493$353,203$0$3,404,463
87$4,965,595$310,442$0$3,697,220
88$5,410,126$263,694$0$4,019,293
89$5,898,047$212,703$0$4,372,861
90$6,433,723$157,200$0$4,761,112
91$7,021,961$96,901$0$5,187,559
92$7,668,057$31,506$0$5,656,075
93$8,377,846$0$0$6,170,927
94$9,157,754$0$0$6,742,008
95$10,014,862$0$0$7,374,229
96$10,956,969$0$0$8,069,191
97$11,992,670$0$0$8,833,236
98$13,131,433$0$0$9,673,355
99$14,383,688$0$0$10,597,248
100$15,760,928$0$0$11,613,401