Can I retire at age 60 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$50,786$50,334$49,892$49,462$49,041$47,759
2 years$25,142$24,673$24,220$23,780$23,353$22,070
3 years$16,595$16,124$15,672$15,236$14,816$13,572
4 years$12,322$11,853$11,405$10,977$10,567$9,372
5 years$9,759$9,293$8,851$8,431$8,033$6,890
6 years$8,051$7,588$7,153$6,742$6,356$5,266
7 years$6,831$6,373$5,944$5,543$5,169$4,133
8 years$5,917$5,463$5,041$4,650$4,288$3,305
9 years$5,206$4,756$4,342$3,961$3,611$2,680
10 years$4,638$4,192$3,785$3,414$3,077$2,196
11 years$4,173$3,732$3,332$2,971$2,646$1,815
12 years$3,787$3,350$2,957$2,606$2,293$1,510
13 years$3,459$3,027$2,642$2,301$2,000$1,263
14 years$3,179$2,752$2,374$2,043$1,753$1,061
15 years$2,937$2,514$2,144$1,822$1,544$894
16 years$2,725$2,306$1,943$1,631$1,364$756
17 years$2,538$2,124$1,768$1,466$1,210$641
18 years$2,372$1,963$1,614$1,321$1,075$544
19 years$2,224$1,819$1,478$1,193$959$463
20 years$2,090$1,690$1,356$1,081$856$395
21 years$1,970$1,574$1,248$981$766$337
22 years$1,860$1,470$1,150$892$687$287
23 years$1,761$1,375$1,062$812$617$246
24 years$1,669$1,288$982$741$554$210
25 years$1,586$1,209$909$677$499$180
26 years$1,508$1,136$843$619$449$154
27 years$1,437$1,069$783$566$405$132
28 years$1,371$1,007$728$519$365$113
29 years$1,309$950$678$476$330$97
30 years$1,252$897$631$437$298$83
31 years$1,198$848$588$401$270$71
32 years$1,148$803$549$369$244$61
33 years$1,101$760$513$339$221$53
34 years$1,057$721$479$312$200$45
35 years$1,016$683$448$287$181$39
36 years$977$649$419$264$164$33
37 years$940$616$392$244$149$29
38 years$905$585$367$225$135$24
39 years$872$557$344$207$122$21
40 years$841$530$322$191$111$18
41 years$811$504$302$176$101$16
42 years$783$480$284$163$91$13
43 years$756$458$266$150$83$11
44 years$731$436$250$139$75$10
45 years$706$416$235$128$68$8
46 years$683$397$220$118$62$7
47 years$661$379$207$109$56$6
48 years$640$361$194$101$51$5
49 years$620$345$183$93$46$5
50 years$600$330$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $615,000, adding $4,137 every year, while hoping to spend $47,917 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: 39/46/15 Blend
59$615,000$615,000$615,000$615,000
60$681,997$649,402$639,870$705,380
61$700,578$630,240$610,322$703,259
62$719,447$608,532$578,179$696,019
63$738,585$584,104$543,302$687,161
64$757,966$556,771$505,548$676,564
65$777,562$526,336$464,766$664,096
66$797,338$492,591$420,801$649,619
67$817,255$455,317$373,487$632,984
68$837,270$414,282$322,654$614,035
69$857,332$369,242$268,122$592,604
70$877,381$319,936$209,706$568,511
71$897,352$266,091$147,209$541,567
72$917,170$207,418$80,429$511,567
73$936,751$143,611$9,153$478,295
74$955,999$74,347$0$441,521
75$974,807$0$0$411,707
76$993,054$0$0$380,502
77$1,010,605$0$0$386,587
78$1,027,308$0$0$392,262
79$1,042,994$0$0$397,452
80$1,057,474$0$0$402,074
81$1,070,535$0$0$406,037
82$1,081,942$0$0$409,237
83$1,091,433$0$0$411,559
84$1,098,714$0$0$412,877
85$1,103,461$0$0$413,048
86$1,105,311$0$0$411,916
87$1,103,863$0$0$409,305
88$1,098,670$0$0$405,022
89$1,089,237$0$0$398,852
90$1,075,015$0$0$390,557
91$1,055,394$0$0$379,874
92$1,029,700$0$0$366,509
93$997,185$0$0$350,139
94$957,020$0$0$330,407
95$908,290$0$0$306,915
96$849,979$0$0$279,226
97$780,966$0$0$246,854
98$700,008$0$0$209,263
99$605,733$0$0$165,860
100$496,623$0$0$115,991