Can I retire at age 60 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$52,025$51,561$51,109$50,668$50,237$48,610
2 years$25,755$25,275$24,810$24,360$23,922$22,298
3 years$16,999$16,518$16,054$15,607$15,177$13,607
4 years$12,622$12,142$11,683$11,244$10,825$9,320
5 years$9,997$9,520$9,067$8,637$8,229$6,795
6 years$8,247$7,773$7,327$6,907$6,511$5,148
7 years$6,998$6,528$6,089$5,678$5,295$4,004
8 years$6,061$5,596$5,164$4,764$4,393$3,171
9 years$5,333$4,872$4,448$4,057$3,699$2,547
10 years$4,751$4,295$3,878$3,498$3,152$2,067
11 years$4,275$3,823$3,414$3,044$2,711$1,690
12 years$3,879$3,432$3,030$2,670$2,349$1,392
13 years$3,544$3,101$2,707$2,357$2,049$1,151
14 years$3,257$2,819$2,432$2,092$1,796$957
15 years$3,008$2,575$2,196$1,866$1,581$797
16 years$2,791$2,363$1,991$1,671$1,397$666
17 years$2,600$2,176$1,812$1,501$1,239$558
18 years$2,430$2,011$1,654$1,353$1,102$469
19 years$2,278$1,863$1,514$1,222$982$394
20 years$2,141$1,732$1,389$1,107$877$332
21 years$2,018$1,613$1,278$1,005$785$279
22 years$1,906$1,506$1,178$914$704$236
23 years$1,804$1,408$1,088$832$632$199
24 years$1,710$1,319$1,006$759$568$168
25 years$1,624$1,238$932$693$511$142
26 years$1,545$1,164$864$634$460$120
27 years$1,472$1,095$802$580$415$101
28 years$1,404$1,032$746$531$374$86
29 years$1,341$973$694$487$338$73
30 years$1,282$919$646$447$305$61
31 years$1,228$869$603$411$276$52
32 years$1,176$822$562$378$250$44
33 years$1,128$779$525$347$226$37
34 years$1,083$738$491$319$205$32
35 years$1,041$700$459$294$185$27
36 years$1,001$664$429$271$168$23
37 years$963$631$402$250$152$19
38 years$927$600$376$230$138$16
39 years$893$570$352$212$125$14
40 years$861$543$330$196$114$12
41 years$831$517$310$180$103$10
42 years$802$492$290$167$93$8
43 years$775$469$273$154$85$7
44 years$749$447$256$142$77$6
45 years$724$426$240$131$70$5
46 years$700$406$226$121$63$4
47 years$677$388$212$112$58$4
48 years$656$370$199$103$52$3
49 years$635$354$187$96$48$3
50 years$615$338$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $630,000, adding $6,416 every year, while hoping to spend $47,877 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: 32/50/18 Blend
59$630,000$630,000$630,000$630,000
60$700,878$667,488$657,723$719,193
61$721,427$649,254$628,816$715,134
62$742,467$628,522$597,336$705,925
63$763,998$605,119$563,146$694,987
64$786,018$578,862$526,104$682,197
65$808,523$549,558$486,059$667,425
66$831,507$517,000$442,857$650,532
67$854,961$480,974$396,333$631,370
68$878,875$441,250$346,318$609,786
69$903,234$397,585$292,634$585,613
70$928,022$349,724$235,095$558,677
71$953,216$297,397$173,507$528,792
72$978,793$240,318$107,667$495,764
73$1,004,721$178,184$37,365$459,382
74$1,030,965$110,679$0$419,428
75$1,057,485$37,463$0$382,900
76$1,084,233$0$0$350,445
77$1,111,154$0$0$337,672
78$1,138,186$0$0$345,499
79$1,165,256$0$0$353,285
80$1,192,283$0$0$361,000
81$1,219,174$0$0$368,610
82$1,245,824$0$0$376,077
83$1,272,115$0$0$383,355
84$1,297,912$0$0$390,398
85$1,323,067$0$0$397,148
86$1,347,409$0$0$403,546
87$1,370,750$0$0$409,521
88$1,392,878$0$0$414,998
89$1,413,556$0$0$419,890
90$1,432,519$0$0$424,101
91$1,449,471$0$0$427,526
92$1,464,085$0$0$430,045
93$1,475,991$0$0$431,527
94$1,484,784$0$0$431,825
95$1,490,007$0$0$430,777
96$1,491,158$0$0$428,200
97$1,487,675$0$0$423,896
98$1,478,935$0$0$417,642
99$1,464,249$0$0$409,190
100$1,442,851$0$0$398,269