Can I retire at age 60 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$51,116$50,661$50,217$49,783$49,360$48,703
2 years$25,305$24,834$24,377$23,934$23,505$22,844
3 years$16,703$16,229$15,774$15,335$14,912$14,268
4 years$12,402$11,930$11,479$11,048$10,636$10,013
5 years$9,822$9,353$8,908$8,486$8,085$7,486
6 years$8,103$7,638$7,199$6,786$6,397$5,822
7 years$6,876$6,414$5,983$5,579$5,203$4,652
8 years$5,956$5,498$5,074$4,680$4,316$3,790
9 years$5,240$4,787$4,370$3,987$3,635$3,133
10 years$4,668$4,220$3,810$3,437$3,097$2,619
11 years$4,201$3,756$3,354$2,991$2,664$2,208
12 years$3,811$3,372$2,977$2,623$2,308$1,876
13 years$3,482$3,047$2,659$2,316$2,013$1,602
14 years$3,200$2,770$2,390$2,056$1,764$1,376
15 years$2,956$2,530$2,157$1,833$1,554$1,186
16 years$2,742$2,321$1,956$1,642$1,373$1,025
17 years$2,554$2,138$1,780$1,475$1,217$889
18 years$2,387$1,975$1,625$1,329$1,082$773
19 years$2,238$1,831$1,487$1,201$965$673
20 years$2,104$1,701$1,365$1,088$862$588
21 years$1,983$1,585$1,256$987$771$514
22 years$1,872$1,479$1,157$898$691$450
23 years$1,772$1,384$1,069$818$621$394
24 years$1,680$1,296$988$746$558$346
25 years$1,596$1,216$915$681$502$303
26 years$1,518$1,143$849$623$452$267
27 years$1,446$1,076$788$570$408$234
28 years$1,380$1,014$733$522$368$206
29 years$1,318$956$682$479$332$181
30 years$1,260$903$635$439$300$160
31 years$1,206$854$592$404$271$141
32 years$1,156$808$553$371$245$124
33 years$1,109$765$516$341$222$109
34 years$1,064$725$482$314$201$96
35 years$1,022$688$451$289$182$85
36 years$983$653$422$266$165$75
37 years$946$620$395$245$150$66
38 years$911$589$370$226$136$58
39 years$878$560$346$208$123$51
40 years$846$533$324$192$112$45
41 years$816$507$304$177$101$40
42 years$788$483$285$164$92$35
43 years$761$461$268$151$83$31
44 years$735$439$251$139$76$28
45 years$711$419$236$129$69$24
46 years$688$399$222$119$62$22
47 years$665$381$208$110$57$19
48 years$644$364$196$102$51$17
49 years$624$347$184$94$47$15
50 years$604$332$173$87$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $619,000, adding $3,183 every year, while hoping to spend $47,456 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: 37/48/15 Blend
59$619,000$619,000$619,000$619,000
60$685,421$652,614$643,020$707,545
61$704,841$634,100$614,068$705,217
62$724,652$613,087$582,556$697,934
63$744,842$589,404$548,348$689,048
64$765,400$562,869$511,301$678,438
65$786,309$533,288$471,268$665,978
66$807,550$500,456$428,093$651,534
67$829,100$464,159$381,614$634,962
68$850,933$424,167$331,663$616,110
69$873,016$380,239$278,061$594,818
70$895,314$332,121$220,626$570,912
71$917,783$279,542$159,164$544,210
72$940,375$222,218$93,475$514,518
73$963,034$159,848$23,347$481,629
74$985,697$92,114$0$445,324
75$1,008,292$18,680$0$413,610
76$1,030,735$0$0$382,520
77$1,052,935$0$0$380,205
78$1,074,787$0$0$387,568
79$1,096,174$0$0$394,692
80$1,116,962$0$0$401,521
81$1,137,003$0$0$407,995
82$1,156,131$0$0$414,042
83$1,174,159$0$0$419,586
84$1,190,879$0$0$424,540
85$1,206,059$0$0$428,807
86$1,219,439$0$0$432,280
87$1,230,731$0$0$434,839
88$1,239,612$0$0$436,350
89$1,245,724$0$0$436,666
90$1,248,669$0$0$435,622
91$1,248,004$0$0$433,035
92$1,243,239$0$0$428,704
93$1,233,829$0$0$422,403
94$1,219,167$0$0$413,883
95$1,198,583$0$0$402,869
96$1,171,335$0$0$389,055
97$1,136,598$0$0$372,102
98$1,093,460$0$0$351,636
99$1,040,911$0$0$327,242
100$977,833$0$0$298,461