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%12.1%
1 years$50,538$50,088$49,649$49,220$48,802$48,373
2 years$25,019$24,553$24,101$23,664$23,239$22,807
3 years$16,514$16,046$15,595$15,162$14,744$14,321
4 years$12,262$11,795$11,349$10,923$10,515$10,106
5 years$9,711$9,248$8,808$8,390$7,994$7,599
6 years$8,012$7,551$7,118$6,709$6,325$5,946
7 years$6,798$6,342$5,915$5,516$5,144$4,780
8 years$5,888$5,436$5,016$4,627$4,267$3,919
9 years$5,181$4,733$4,321$3,942$3,594$3,260
10 years$4,615$4,172$3,767$3,398$3,062$2,743
11 years$4,153$3,714$3,316$2,957$2,633$2,329
12 years$3,768$3,333$2,943$2,594$2,282$1,992
13 years$3,443$3,012$2,629$2,290$1,990$1,714
14 years$3,164$2,738$2,363$2,033$1,744$1,482
15 years$2,922$2,501$2,133$1,813$1,536$1,287
16 years$2,711$2,295$1,934$1,623$1,357$1,122
17 years$2,525$2,114$1,760$1,458$1,204$980
18 years$2,360$1,953$1,606$1,314$1,070$859
19 years$2,213$1,810$1,471$1,188$954$754
20 years$2,080$1,682$1,350$1,076$852$664
21 years$1,960$1,567$1,241$976$762$585
22 years$1,851$1,463$1,144$888$683$516
23 years$1,752$1,368$1,056$808$614$456
24 years$1,661$1,282$977$737$551$403
25 years$1,578$1,203$905$673$496$357
26 years$1,501$1,130$839$616$447$317
27 years$1,430$1,064$779$563$403$281
28 years$1,364$1,002$725$516$364$249
29 years$1,303$946$674$473$328$221
30 years$1,246$893$628$434$297$197
31 years$1,193$844$585$399$268$175
32 years$1,143$799$546$367$243$155
33 years$1,096$757$510$337$220$138
34 years$1,052$717$477$310$199$123
35 years$1,011$680$446$286$180$109
36 years$972$645$417$263$163$97
37 years$935$613$390$242$148$87
38 years$901$583$365$223$134$77
39 years$868$554$342$206$122$69
40 years$837$527$321$190$110$61
41 years$807$502$301$175$100$55
42 years$779$478$282$162$91$49
43 years$753$455$265$149$82$43
44 years$727$434$249$138$75$39
45 years$703$414$233$127$68$34
46 years$680$395$219$118$62$31
47 years$658$377$206$109$56$27
48 years$637$360$194$100$51$24
49 years$617$343$182$93$46$22
50 years$598$328$171$86$42$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $612,000, adding $5,217 every year, while hoping to spend $26,818 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: 72/21/7 Blend
59$612,000$612,000$612,000$612,000
60$679,805$647,369$637,883$727,678
61$720,611$650,556$630,718$763,158
62$764,681$653,001$622,414$798,140
63$812,318$654,637$612,905$835,690
64$863,858$655,398$602,121$876,053
65$919,669$655,210$589,989$919,501
66$980,154$653,995$576,433$966,332
67$1,045,760$651,670$561,374$1,016,875
68$1,116,975$648,150$544,727$1,071,493
69$1,194,337$643,339$526,406$1,130,586
70$1,278,438$637,142$506,319$1,194,596
71$1,369,929$629,452$484,371$1,264,009
72$1,469,526$620,160$460,462$1,339,363
73$1,578,018$609,148$434,488$1,421,249
74$1,696,273$596,293$406,340$1,510,320
75$1,825,244$581,462$375,904$1,607,298
76$1,965,982$564,517$343,060$1,712,976
77$2,119,645$545,311$307,685$1,828,231
78$2,287,505$523,688$269,649$1,954,030
79$2,470,963$499,482$228,815$2,091,438
80$2,671,564$472,519$185,043$2,241,631
81$2,891,006$442,614$138,184$2,405,907
82$3,131,159$409,573$88,084$2,585,695
83$3,394,084$373,189$34,582$2,782,573
84$3,682,049$333,244$0$2,998,281
85$3,997,553$289,507$0$3,236,419
86$4,343,345$241,735$0$3,500,287
87$4,722,457$189,671$0$3,789,647
88$5,138,225$133,042$0$4,107,086
89$5,594,325$71,562$0$4,455,459
90$6,094,805$4,928$0$4,837,911
91$6,644,125$0$0$5,257,908
92$7,247,196$0$0$5,734,800
93$7,909,430$0$0$6,259,757
94$8,636,786$0$0$6,836,370
95$9,435,832$0$0$7,469,848
96$10,313,800$0$0$8,165,930
97$11,278,659$0$0$8,930,938
98$12,339,190$0$0$9,771,838
99$13,505,062$0$0$10,696,303
100$14,786,933$0$0$11,712,788