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%11.3%
1 years$50,786$50,334$49,892$49,462$49,041$48,773
2 years$25,142$24,673$24,220$23,780$23,353$23,082
3 years$16,595$16,124$15,672$15,236$14,816$14,551
4 years$12,322$11,853$11,405$10,977$10,567$10,310
5 years$9,759$9,293$8,851$8,431$8,033$7,785
6 years$8,051$7,588$7,153$6,742$6,356$6,117
7 years$6,831$6,373$5,944$5,543$5,169$4,940
8 years$5,917$5,463$5,041$4,650$4,288$4,068
9 years$5,206$4,756$4,342$3,961$3,611$3,400
10 years$4,638$4,192$3,785$3,414$3,077$2,875
11 years$4,173$3,732$3,332$2,971$2,646$2,453
12 years$3,787$3,350$2,957$2,606$2,293$2,109
13 years$3,459$3,027$2,642$2,301$2,000$1,824
14 years$3,179$2,752$2,374$2,043$1,753$1,585
15 years$2,937$2,514$2,144$1,822$1,544$1,384
16 years$2,725$2,306$1,943$1,631$1,364$1,213
17 years$2,538$2,124$1,768$1,466$1,210$1,066
18 years$2,372$1,963$1,614$1,321$1,075$939
19 years$2,224$1,819$1,478$1,193$959$829
20 years$2,090$1,690$1,356$1,081$856$734
21 years$1,970$1,574$1,248$981$766$651
22 years$1,860$1,470$1,150$892$687$578
23 years$1,761$1,375$1,062$812$617$514
24 years$1,669$1,288$982$741$554$457
25 years$1,586$1,209$909$677$499$407
26 years$1,508$1,136$843$619$449$363
27 years$1,437$1,069$783$566$405$324
28 years$1,371$1,007$728$519$365$289
29 years$1,309$950$678$476$330$259
30 years$1,252$897$631$437$298$231
31 years$1,198$848$588$401$270$207
32 years$1,148$803$549$369$244$185
33 years$1,101$760$513$339$221$166
34 years$1,057$721$479$312$200$149
35 years$1,016$683$448$287$181$133
36 years$977$649$419$264$164$119
37 years$940$616$392$244$149$107
38 years$905$585$367$225$135$96
39 years$872$557$344$207$122$86
40 years$841$530$322$191$111$77
41 years$811$504$302$176$101$69
42 years$783$480$284$163$91$62
43 years$756$458$266$150$83$56
44 years$731$436$250$139$75$50
45 years$706$416$235$128$68$45
46 years$683$397$220$118$62$40
47 years$661$379$207$109$56$36
48 years$640$361$194$101$51$33
49 years$620$345$183$93$46$29
50 years$600$330$172$86$42$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $615,000, adding $4,910 every year, while hoping to spend $31,995 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: 64/8/28 Blend
59$615,000$615,000$615,000$615,000
60$682,795$650,200$640,667$721,124
61$718,397$648,017$628,087$745,484
62$756,559$644,655$614,013$768,128
63$797,507$640,022$598,362$792,177
64$841,491$634,022$581,045$817,773
65$888,784$626,550$561,971$845,074
66$939,688$617,498$541,045$874,255
67$994,531$606,751$518,165$905,510
68$1,053,677$594,185$493,227$939,055
69$1,117,523$579,671$466,121$975,127
70$1,186,507$563,072$436,733$1,013,990
71$1,261,110$544,241$404,942$1,055,938
72$1,341,860$523,026$370,625$1,101,293
73$1,429,338$499,263$333,649$1,150,414
74$1,524,183$472,779$293,879$1,203,698
75$1,627,098$443,394$251,172$1,261,583
76$1,738,854$410,912$205,379$1,324,555
77$1,860,302$375,132$156,344$1,393,152
78$1,992,377$335,837$103,906$1,467,967
79$2,136,106$292,800$47,893$1,549,659
80$2,292,622$245,780$0$1,638,954
81$2,463,169$194,523$0$1,740,205
82$2,649,118$138,761$0$1,866,251
83$2,851,977$78,209$0$2,003,808
84$3,073,407$12,569$0$2,154,022
85$3,315,233$0$0$2,318,154
86$3,579,469$0$0$2,502,743
87$3,868,328$0$0$2,705,783
88$4,184,249$0$0$2,927,888
89$4,529,917$0$0$3,170,950
90$4,908,287$0$0$3,437,054
91$5,322,615$0$0$3,728,494
92$5,776,485$0$0$4,047,799
93$6,273,846$0$0$4,397,751
94$6,819,044$0$0$4,781,416
95$7,416,869$0$0$5,202,170
96$8,072,593$0$0$5,663,732
97$8,792,027$0$0$6,170,198
98$9,581,567$0$0$6,726,080
99$10,448,263$0$0$7,336,347
100$11,399,876$0$0$8,006,474