Can I retire at age 60 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$51,777$51,316$50,866$50,427$49,998$48,631
2 years$25,632$25,155$24,692$24,244$23,809$22,442
3 years$16,918$16,439$15,977$15,533$15,105$13,781
4 years$12,562$12,084$11,628$11,191$10,773$9,502
5 years$9,949$9,474$9,023$8,596$8,190$6,974
6 years$8,208$7,736$7,292$6,874$6,480$5,322
7 years$6,965$6,497$6,060$5,651$5,270$4,170
8 years$6,033$5,569$5,139$4,741$4,372$3,328
9 years$5,308$4,849$4,426$4,038$3,682$2,694
10 years$4,729$4,274$3,859$3,481$3,137$2,204
11 years$4,255$3,805$3,397$3,029$2,698$1,818
12 years$3,860$3,415$3,015$2,657$2,338$1,509
13 years$3,527$3,086$2,694$2,346$2,039$1,260
14 years$3,241$2,805$2,420$2,082$1,787$1,056
15 years$2,994$2,563$2,185$1,857$1,574$889
16 years$2,778$2,351$1,981$1,663$1,391$750
17 years$2,587$2,165$1,803$1,494$1,233$634
18 years$2,418$2,001$1,646$1,346$1,096$537
19 years$2,267$1,854$1,507$1,217$977$456
20 years$2,131$1,723$1,383$1,102$873$388
21 years$2,008$1,605$1,272$1,000$781$330
22 years$1,897$1,498$1,172$909$700$281
23 years$1,795$1,401$1,082$828$629$240
24 years$1,702$1,313$1,001$755$565$205
25 years$1,617$1,232$927$690$508$175
26 years$1,538$1,158$860$631$458$149
27 years$1,465$1,090$798$577$413$127
28 years$1,397$1,027$742$529$373$109
29 years$1,335$969$691$485$336$93
30 years$1,276$915$643$445$304$80
31 years$1,222$865$600$409$275$68
32 years$1,171$818$560$376$249$58
33 years$1,123$775$523$346$225$50
34 years$1,078$735$488$318$204$43
35 years$1,036$697$456$293$184$37
36 years$996$661$427$270$167$31
37 years$958$628$400$248$151$27
38 years$923$597$374$229$137$23
39 years$889$568$351$211$125$20
40 years$857$540$329$195$113$17
41 years$827$514$308$180$102$14
42 years$798$490$289$166$93$12
43 years$771$466$271$153$84$11
44 years$745$445$255$141$77$9
45 years$720$424$239$130$70$8
46 years$697$404$225$121$63$7
47 years$674$386$211$111$57$6
48 years$652$368$198$103$52$5
49 years$632$352$186$95$47$4
50 years$612$336$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $627,000, adding $2,541 every year, while hoping to spend $31,909 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: 65/25/10 Blend
59$627,000$627,000$627,000$627,000
60$693,575$660,344$650,626$737,011
61$730,369$658,750$638,471$764,687
62$769,846$656,008$624,839$790,924
63$812,247$652,029$609,648$818,773
64$857,835$646,717$592,809$848,387
65$906,898$639,971$574,233$879,939
66$959,756$631,684$553,824$913,617
67$1,016,757$621,742$531,483$949,633
68$1,078,283$610,024$507,104$988,217
69$1,144,756$596,404$480,581$1,029,627
70$1,216,639$580,745$451,798$1,074,148
71$1,294,440$562,906$420,637$1,122,094
72$1,378,719$542,734$386,974$1,173,813
73$1,470,089$520,069$350,679$1,229,690
74$1,569,228$494,742$311,617$1,290,151
75$1,676,879$466,574$269,645$1,355,667
76$1,793,859$435,374$224,616$1,426,760
77$1,921,067$400,943$176,376$1,504,003
78$2,059,495$363,068$124,763$1,588,036
79$2,210,230$321,525$69,610$1,679,561
80$2,374,472$276,077$10,740$1,779,358
81$2,553,538$226,475$0$1,888,285
82$2,748,880$172,454$0$2,012,852
83$2,962,096$113,734$0$2,150,135
84$3,194,944$50,021$0$2,300,170
85$3,449,360$0$0$2,464,262
86$3,727,475$0$0$2,649,076
87$4,031,636$0$0$2,866,288
88$4,364,425$0$0$3,103,985
89$4,728,689$0$0$3,364,206
90$5,127,559$0$0$3,649,194
91$5,564,485$0$0$3,961,418
92$6,043,265$0$0$4,303,599
93$6,568,084$0$0$4,678,734
94$7,143,550$0$0$5,090,121
95$7,774,737$0$0$5,541,396
96$8,467,235$0$0$6,036,561
97$9,227,201$0$0$6,580,027
98$10,061,417$0$0$7,176,649
99$10,977,355$0$0$7,831,779
100$11,983,242$0$0$8,551,311