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%14.6%
1 years$51,282$50,825$50,379$49,944$49,519$48,579
2 years$25,387$24,914$24,456$24,012$23,581$22,637
3 years$16,757$16,282$15,825$15,384$14,961$14,043
4 years$12,442$11,969$11,516$11,084$10,670$9,786
5 years$9,854$9,384$8,937$8,513$8,111$7,262
6 years$8,129$7,662$7,222$6,808$6,418$5,606
7 years$6,898$6,435$6,002$5,597$5,220$4,444
8 years$5,975$5,516$5,090$4,695$4,330$3,591
9 years$5,257$4,803$4,384$4,000$3,647$2,944
10 years$4,683$4,233$3,822$3,448$3,107$2,440
11 years$4,214$3,769$3,365$3,000$2,672$2,040
12 years$3,824$3,383$2,986$2,632$2,316$1,717
13 years$3,493$3,057$2,668$2,323$2,019$1,453
14 years$3,210$2,779$2,397$2,063$1,770$1,236
15 years$2,965$2,538$2,164$1,839$1,559$1,055
16 years$2,751$2,329$1,962$1,647$1,377$903
17 years$2,563$2,145$1,786$1,480$1,221$776
18 years$2,395$1,982$1,630$1,334$1,086$668
19 years$2,245$1,837$1,492$1,205$968$576
20 years$2,111$1,707$1,370$1,091$865$497
21 years$1,989$1,590$1,260$991$774$430
22 years$1,879$1,484$1,161$901$694$372
23 years$1,778$1,388$1,072$820$623$323
24 years$1,686$1,300$991$748$560$280
25 years$1,601$1,220$918$683$504$243
26 years$1,523$1,147$852$625$454$211
27 years$1,451$1,079$791$572$409$184
28 years$1,384$1,017$735$524$369$160
29 years$1,322$960$684$480$333$139
30 years$1,264$906$637$441$301$121
31 years$1,210$857$594$405$272$105
32 years$1,160$811$554$372$246$92
33 years$1,112$768$518$342$223$80
34 years$1,068$728$484$315$202$70
35 years$1,026$690$452$290$183$61
36 years$986$655$423$267$166$53
37 years$949$622$396$246$150$46
38 years$914$591$371$227$136$40
39 years$881$562$347$209$123$35
40 years$849$535$326$193$112$31
41 years$819$509$305$178$102$27
42 years$791$485$286$164$92$23
43 years$764$462$269$152$84$20
44 years$738$440$252$140$76$18
45 years$713$420$237$129$69$15
46 years$690$401$222$119$63$13
47 years$668$382$209$110$57$12
48 years$646$365$196$102$52$10
49 years$626$349$185$94$47$9
50 years$606$333$174$87$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $621,000, adding $3,476 every year, while hoping to spend $23,804 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: 52/38/10 Blend
59$621,000$621,000$621,000$621,000
60$687,927$655,014$645,389$721,744
61$732,769$661,783$641,682$751,923
62$781,386$668,085$637,054$781,877
63$834,140$673,873$631,447$813,896
64$891,425$679,096$624,803$848,182
65$953,678$683,700$617,062$884,956
66$1,021,377$687,625$608,158$924,463
67$1,095,050$690,811$598,024$966,973
68$1,175,277$693,193$586,589$1,012,786
69$1,262,696$694,700$573,780$1,062,232
70$1,358,009$695,258$559,520$1,115,675
71$1,461,989$694,789$543,727$1,173,520
72$1,575,487$693,209$526,318$1,236,211
73$1,699,440$690,430$507,202$1,304,242
74$1,834,879$686,356$486,289$1,378,156
75$1,982,938$680,890$463,482$1,458,553
76$2,144,868$673,923$438,679$1,546,097
77$2,322,045$665,345$411,774$1,641,522
78$2,515,982$655,037$382,658$1,745,636
79$2,728,350$642,871$351,214$1,859,333
80$2,960,985$628,715$317,324$1,983,602
81$3,215,911$612,427$280,859$2,119,531
82$3,495,356$593,858$241,690$2,268,325
83$3,801,773$572,848$199,678$2,431,312
84$4,137,867$549,231$154,680$2,609,961
85$4,506,615$522,828$106,547$2,805,891
86$4,911,295$493,452$55,121$3,020,890
87$5,355,520$460,905$241$3,256,933
88$5,843,270$424,975$0$3,516,198
89$6,378,926$385,442$0$3,807,314
90$6,967,319$342,071$0$4,127,144
91$7,613,766$294,613$0$4,478,611
92$8,324,128$242,807$0$4,864,969
93$9,104,860$186,375$0$5,289,806
94$9,963,075$125,027$0$5,757,081
95$10,906,607$58,452$0$6,271,162
96$11,944,089$0$0$6,836,864
97$13,085,033$0$0$7,465,220
98$14,339,916$0$0$8,183,278
99$15,720,284$0$0$8,973,211
100$17,238,857$0$0$9,842,307