Can I retire at age 60 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$52,107$51,643$51,190$50,748$50,317$49,321
2 years$25,796$25,315$24,850$24,398$23,960$22,961
3 years$17,026$16,544$16,079$15,632$15,201$14,230
4 years$12,642$12,161$11,702$11,262$10,842$9,906
5 years$10,013$9,535$9,081$8,650$8,242$7,344
6 years$8,260$7,786$7,339$6,918$6,521$5,663
7 years$7,009$6,539$6,099$5,687$5,304$4,484
8 years$6,071$5,605$5,172$4,771$4,400$3,619
9 years$5,342$4,880$4,455$4,064$3,705$2,963
10 years$4,759$4,301$3,884$3,503$3,157$2,453
11 years$4,282$3,829$3,419$3,049$2,715$2,048
12 years$3,885$3,437$3,034$2,674$2,353$1,722
13 years$3,549$3,106$2,711$2,361$2,052$1,456
14 years$3,262$2,823$2,436$2,096$1,799$1,236
15 years$3,013$2,579$2,199$1,869$1,584$1,054
16 years$2,796$2,366$1,994$1,674$1,400$901
17 years$2,604$2,179$1,814$1,504$1,241$773
18 years$2,434$2,014$1,656$1,355$1,103$664
19 years$2,281$1,866$1,516$1,224$984$572
20 years$2,145$1,734$1,392$1,109$879$493
21 years$2,021$1,615$1,280$1,006$786$426
22 years$1,909$1,508$1,180$915$705$368
23 years$1,806$1,410$1,089$833$633$319
24 years$1,713$1,321$1,007$760$569$276
25 years$1,627$1,240$933$694$512$239
26 years$1,548$1,165$865$635$461$207
27 years$1,474$1,097$804$581$415$180
28 years$1,406$1,034$747$532$375$156
29 years$1,343$975$695$488$339$136
30 years$1,284$921$648$448$306$118
31 years$1,230$870$604$411$277$103
32 years$1,178$824$563$378$250$89
33 years$1,130$780$526$348$226$78
34 years$1,085$739$491$320$205$67
35 years$1,042$701$459$295$186$59
36 years$1,002$666$430$271$168$51
37 years$964$632$402$250$152$44
38 years$929$601$377$230$138$39
39 years$895$571$353$212$125$34
40 years$863$543$331$196$114$29
41 years$832$517$310$181$103$26
42 years$803$493$291$167$94$22
43 years$776$469$273$154$85$19
44 years$750$447$256$142$77$17
45 years$725$427$241$131$70$15
46 years$701$407$226$121$64$13
47 years$678$388$212$112$58$11
48 years$657$371$200$104$52$10
49 years$636$354$188$96$48$8
50 years$616$338$176$88$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $631,000, adding $5,511 every year, while hoping to spend $30,439 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: 40/33/27 Blend
59$631,000$631,000$631,000$631,000
60$701,047$667,604$657,823$723,313
61$740,166$667,929$647,473$740,295
62$782,256$667,251$635,757$755,411
63$827,587$665,487$622,595$771,179
64$876,456$662,551$607,907$787,677
65$929,190$658,351$591,608$804,994
66$986,148$652,791$573,607$823,230
67$1,047,725$645,767$553,812$842,496
68$1,114,353$637,170$532,125$862,919
69$1,186,510$626,884$508,444$884,641
70$1,264,719$614,787$482,663$907,820
71$1,349,557$600,748$454,668$932,634
72$1,441,658$584,630$424,345$959,283
73$1,541,718$566,288$391,572$987,989
74$1,650,503$545,567$356,220$1,019,002
75$1,768,858$522,303$318,157$1,052,599
76$1,897,711$496,325$277,244$1,089,092
77$2,038,081$467,449$233,336$1,128,826
78$2,191,094$435,482$186,281$1,172,188
79$2,357,986$400,221$135,922$1,219,610
80$2,540,118$361,449$82,093$1,271,569
81$2,738,988$318,939$24,621$1,328,599
82$2,956,246$272,448$0$1,391,294
83$3,193,708$221,722$0$1,470,890
84$3,453,372$166,493$0$1,565,801
85$3,737,440$106,475$0$1,669,799
86$4,048,336$41,369$0$1,783,846
87$4,388,728$0$0$1,909,010
88$4,761,554$0$0$2,057,052
89$5,170,052$0$0$2,235,800
90$5,617,786$0$0$2,431,801
91$6,108,681$0$0$2,646,785
92$6,647,060$0$0$2,882,656
93$7,237,686$0$0$3,141,512
94$7,885,803$0$0$3,425,663
95$8,597,189$0$0$3,737,655
96$9,378,208$0$0$4,080,290
97$10,235,871$0$0$4,456,659
98$11,177,899$0$0$4,870,162
99$12,212,800$0$0$5,324,550
100$13,349,946$0$0$5,823,950