Can I retire at age 60 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$50,869$50,416$49,974$49,542$49,121$48,327
2 years$25,183$24,714$24,259$23,818$23,391$22,593
3 years$16,622$16,151$15,697$15,261$14,840$14,064
4 years$12,342$11,872$11,424$10,994$10,584$9,835
5 years$9,775$9,308$8,865$8,445$8,046$7,326
6 years$8,064$7,601$7,164$6,753$6,366$5,676
7 years$6,842$6,383$5,954$5,552$5,178$4,518
8 years$5,927$5,471$5,049$4,658$4,295$3,665
9 years$5,215$4,764$4,349$3,967$3,617$3,017
10 years$4,646$4,199$3,791$3,420$3,082$2,511
11 years$4,180$3,738$3,338$2,976$2,651$2,109
12 years$3,793$3,355$2,962$2,611$2,297$1,783
13 years$3,465$3,032$2,647$2,305$2,003$1,516
14 years$3,184$2,756$2,378$2,046$1,756$1,296
15 years$2,942$2,518$2,147$1,825$1,546$1,111
16 years$2,729$2,310$1,947$1,634$1,366$956
17 years$2,542$2,127$1,771$1,468$1,212$825
18 years$2,376$1,966$1,617$1,323$1,077$714
19 years$2,227$1,822$1,480$1,195$960$619
20 years$2,094$1,693$1,359$1,083$858$537
21 years$1,973$1,577$1,250$983$767$467
22 years$1,863$1,472$1,152$893$688$407
23 years$1,764$1,377$1,063$814$618$354
24 years$1,672$1,290$983$742$555$309
25 years$1,588$1,211$911$678$499$270
26 years$1,511$1,138$845$620$450$236
27 years$1,439$1,071$784$567$406$206
28 years$1,373$1,009$729$520$366$180
29 years$1,311$952$679$477$330$158
30 years$1,254$899$632$437$299$138
31 years$1,200$850$589$402$270$121
32 years$1,150$804$550$369$244$106
33 years$1,103$761$513$339$221$93
34 years$1,059$722$480$312$200$81
35 years$1,017$685$448$288$181$71
36 years$978$650$420$265$164$63
37 years$941$617$393$244$149$55
38 years$907$586$368$225$135$48
39 years$873$558$345$207$122$42
40 years$842$531$323$191$111$37
41 years$812$505$303$176$101$32
42 years$784$481$284$163$91$29
43 years$757$458$267$150$83$25
44 years$732$437$250$139$75$22
45 years$708$417$235$128$68$19
46 years$684$397$221$118$62$17
47 years$662$379$207$109$56$15
48 years$641$362$195$101$51$13
49 years$621$346$183$93$46$11
50 years$601$330$172$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $616,000, adding $2,712 every year, while hoping to spend $40,677 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: 54/39/7 Blend
59$616,000$616,000$616,000$616,000
60$681,629$648,981$639,433$717,175
61$707,876$637,502$617,574$730,042
62$735,436$624,096$593,620$739,329
63$764,400$608,627$567,457$748,452
64$794,869$590,949$538,966$757,401
65$826,949$570,909$508,025$766,169
66$860,758$548,344$474,504$774,749
67$896,424$523,081$438,268$783,138
68$934,085$494,938$399,176$791,334
69$973,894$463,722$357,081$799,337
70$1,016,016$429,230$311,828$807,151
71$1,060,632$391,245$263,257$814,786
72$1,107,941$349,539$211,200$822,252
73$1,158,157$303,873$155,481$829,567
74$1,211,516$253,991$95,917$836,756
75$1,268,279$199,624$32,318$843,847
76$1,328,726$140,488$0$850,879
77$1,393,169$76,284$0$860,553
78$1,461,945$6,695$0$873,020
79$1,535,426$0$0$885,948
80$1,614,020$0$0$928,880
81$1,698,173$0$0$977,962
82$1,788,375$0$0$1,030,613
83$1,885,162$0$0$1,087,150
84$1,989,125$0$0$1,147,924
85$2,100,909$0$0$1,213,318
86$2,221,225$0$0$1,283,754
87$2,350,854$0$0$1,359,695
88$2,490,651$0$0$1,441,649
89$2,641,558$0$0$1,530,175
90$2,804,608$0$0$1,625,887
91$2,980,938$0$0$1,729,461
92$3,171,797$0$0$1,841,637
93$3,378,558$0$0$1,963,233
94$3,602,730$0$0$2,095,144
95$3,845,975$0$0$2,238,358
96$4,110,117$0$0$2,393,959
97$4,397,164$0$0$2,563,140
98$4,709,327$0$0$2,747,216
99$5,049,035$0$0$2,947,631
100$5,418,963$0$0$3,165,974