Can I retire at age 60 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$51,282$50,825$50,379$49,944$49,519$48,205
2 years$25,387$24,914$24,456$24,012$23,581$22,266
3 years$16,757$16,282$15,825$15,384$14,961$13,686
4 years$12,442$11,969$11,516$11,084$10,670$9,446
5 years$9,854$9,384$8,937$8,513$8,111$6,941
6 years$8,129$7,662$7,222$6,808$6,418$5,302
7 years$6,898$6,435$6,002$5,597$5,220$4,159
8 years$5,975$5,516$5,090$4,695$4,330$3,324
9 years$5,257$4,803$4,384$4,000$3,647$2,693
10 years$4,683$4,233$3,822$3,448$3,107$2,206
11 years$4,214$3,769$3,365$3,000$2,672$1,822
12 years$3,824$3,383$2,986$2,632$2,316$1,515
13 years$3,493$3,057$2,668$2,323$2,019$1,266
14 years$3,210$2,779$2,397$2,063$1,770$1,063
15 years$2,965$2,538$2,164$1,839$1,559$895
16 years$2,751$2,329$1,962$1,647$1,377$757
17 years$2,563$2,145$1,786$1,480$1,221$641
18 years$2,395$1,982$1,630$1,334$1,086$544
19 years$2,245$1,837$1,492$1,205$968$462
20 years$2,111$1,707$1,370$1,091$865$394
21 years$1,989$1,590$1,260$991$774$335
22 years$1,879$1,484$1,161$901$694$286
23 years$1,778$1,388$1,072$820$623$244
24 years$1,686$1,300$991$748$560$209
25 years$1,601$1,220$918$683$504$179
26 years$1,523$1,147$852$625$454$153
27 years$1,451$1,079$791$572$409$131
28 years$1,384$1,017$735$524$369$112
29 years$1,322$960$684$480$333$96
30 years$1,264$906$637$441$301$82
31 years$1,210$857$594$405$272$71
32 years$1,160$811$554$372$246$60
33 years$1,112$768$518$342$223$52
34 years$1,068$728$484$315$202$44
35 years$1,026$690$452$290$183$38
36 years$986$655$423$267$166$33
37 years$949$622$396$246$150$28
38 years$914$591$371$227$136$24
39 years$881$562$347$209$123$21
40 years$849$535$326$193$112$18
41 years$819$509$305$178$102$15
42 years$791$485$286$164$92$13
43 years$764$462$269$152$84$11
44 years$738$440$252$140$76$10
45 years$713$420$237$129$69$8
46 years$690$401$222$119$63$7
47 years$668$382$209$110$57$6
48 years$646$365$196$102$52$5
49 years$626$349$185$94$47$4
50 years$606$333$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $621,000, adding $4,667 every year, while hoping to spend $34,903 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: 52/43/5 Blend
59$621,000$621,000$621,000$621,000
60$689,156$656,243$646,618$723,975
61$722,313$651,262$631,143$743,108
62$757,683$644,868$613,980$759,694
63$795,454$636,953$595,035$776,880
64$835,832$627,407$574,211$794,731
65$879,046$616,108$551,406$813,316
66$925,343$602,931$526,512$832,717
67$974,996$587,743$499,418$853,022
68$1,028,305$570,402$470,008$874,335
69$1,085,597$550,757$438,159$896,770
70$1,147,235$528,651$403,744$920,454
71$1,213,613$503,915$366,629$945,533
72$1,285,166$476,371$326,676$972,168
73$1,362,372$445,833$283,739$1,000,541
74$1,445,756$412,101$237,666$1,030,856
75$1,535,895$374,966$188,300$1,063,340
76$1,633,422$334,205$135,474$1,098,248
77$1,739,034$289,583$79,015$1,135,864
78$1,853,497$240,855$18,743$1,176,507
79$1,977,653$187,756$0$1,220,531
80$2,112,429$130,011$0$1,270,765
81$2,258,844$67,328$0$1,326,442
82$2,418,017$0$0$1,387,067
83$2,591,182$0$0$1,453,481
84$2,779,696$0$0$1,560,519
85$2,985,051$0$0$1,677,176
86$3,208,890$0$0$1,804,393
87$3,453,020$0$0$1,943,205
88$3,719,431$0$0$2,094,751
89$4,010,314$0$0$2,260,284
90$4,328,079$0$0$2,441,186
91$4,675,380$0$0$2,638,976
92$5,055,140$0$0$2,855,328
93$5,470,576$0$0$3,092,083
94$5,925,231$0$0$3,351,271
95$6,423,005$0$0$3,635,125
96$6,968,194$0$0$3,946,107
97$7,565,529$0$0$4,286,924
98$8,220,219$0$0$4,660,563
99$8,938,002$0$0$5,070,308
100$9,725,198$0$0$5,519,779