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%17.4%
1 years$50,538$50,088$49,649$49,220$48,802$47,334
2 years$25,019$24,553$24,101$23,664$23,239$21,773
3 years$16,514$16,046$15,595$15,162$14,744$13,325
4 years$12,262$11,795$11,349$10,923$10,515$9,155
5 years$9,711$9,248$8,808$8,390$7,994$6,695
6 years$8,012$7,551$7,118$6,709$6,325$5,090
7 years$6,798$6,342$5,915$5,516$5,144$3,972
8 years$5,888$5,436$5,016$4,627$4,267$3,157
9 years$5,181$4,733$4,321$3,942$3,594$2,545
10 years$4,615$4,172$3,767$3,398$3,062$2,073
11 years$4,153$3,714$3,316$2,957$2,633$1,702
12 years$3,768$3,333$2,943$2,594$2,282$1,407
13 years$3,443$3,012$2,629$2,290$1,990$1,169
14 years$3,164$2,738$2,363$2,033$1,744$975
15 years$2,922$2,501$2,133$1,813$1,536$816
16 years$2,711$2,295$1,934$1,623$1,357$685
17 years$2,525$2,114$1,760$1,458$1,204$576
18 years$2,360$1,953$1,606$1,314$1,070$486
19 years$2,213$1,810$1,471$1,188$954$410
20 years$2,080$1,682$1,350$1,076$852$347
21 years$1,960$1,567$1,241$976$762$294
22 years$1,851$1,463$1,144$888$683$249
23 years$1,752$1,368$1,056$808$614$211
24 years$1,661$1,282$977$737$551$179
25 years$1,578$1,203$905$673$496$152
26 years$1,501$1,130$839$616$447$129
27 years$1,430$1,064$779$563$403$110
28 years$1,364$1,002$725$516$364$93
29 years$1,303$946$674$473$328$79
30 years$1,246$893$628$434$297$67
31 years$1,193$844$585$399$268$57
32 years$1,143$799$546$367$243$49
33 years$1,096$757$510$337$220$42
34 years$1,052$717$477$310$199$35
35 years$1,011$680$446$286$180$30
36 years$972$645$417$263$163$26
37 years$935$613$390$242$148$22
38 years$901$583$365$223$134$19
39 years$868$554$342$206$122$16
40 years$837$527$321$190$110$13
41 years$807$502$301$175$100$11
42 years$779$478$282$162$91$10
43 years$753$455$265$149$82$8
44 years$727$434$249$138$75$7
45 years$703$414$233$127$68$6
46 years$680$395$219$118$62$5
47 years$658$377$206$109$56$4
48 years$637$360$194$100$51$4
49 years$617$343$182$93$46$3
50 years$598$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $612,000, adding $2,885 every year, while hoping to spend $41,889 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: 77/9/14 Blend
59$612,000$612,000$612,000$612,000
60$677,400$644,964$635,478$727,378
61$701,925$631,998$612,197$747,763
62$727,548$616,992$586,732$764,527
63$754,336$599,803$558,966$781,745
64$782,363$580,278$528,776$799,446
65$811,708$558,255$496,033$817,664
66$842,456$533,564$460,605$836,438
67$874,702$506,023$422,350$855,808
68$908,545$475,442$381,122$875,821
69$944,096$441,618$336,769$896,530
70$981,474$404,338$289,131$917,992
71$1,020,809$363,375$238,042$940,272
72$1,062,241$318,490$183,326$963,442
73$1,105,924$269,431$124,802$987,583
74$1,152,027$215,931$62,281$1,012,784
75$1,200,730$157,708$0$1,039,145
76$1,252,235$94,466$0$1,067,441
77$1,306,757$25,889$0$1,107,103
78$1,364,534$0$0$1,148,988
79$1,425,826$0$0$1,198,073
80$1,490,916$0$0$1,252,933
81$1,560,114$0$0$1,311,267
82$1,633,761$0$0$1,373,364
83$1,712,226$0$0$1,439,537
84$1,795,917$0$0$1,510,131
85$1,885,280$0$0$1,585,525
86$1,980,802$0$0$1,666,132
87$2,083,019$0$0$1,752,405
88$2,192,517$0$0$1,844,843
89$2,309,941$0$0$1,943,990
90$2,435,997$0$0$2,050,447
91$2,571,459$0$0$2,164,869
92$2,717,178$0$0$2,287,979
93$2,874,089$0$0$2,420,568
94$3,043,217$0$0$2,563,506
95$3,225,689$0$0$2,717,749
96$3,422,744$0$0$2,884,347
97$3,635,741$0$0$3,064,454
98$3,866,176$0$0$3,259,338
99$4,115,692$0$0$3,470,393
100$4,386,097$0$0$3,699,151