Can I retire at age 60 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$52,355$51,889$51,434$50,990$50,556$49,515
2 years$25,918$25,436$24,968$24,514$24,074$23,030
3 years$17,107$16,622$16,156$15,707$15,274$14,259
4 years$12,703$12,219$11,757$11,316$10,893$9,916
5 years$10,060$9,580$9,124$8,692$8,281$7,344
6 years$8,300$7,823$7,374$6,951$6,552$5,656
7 years$7,042$6,570$6,128$5,715$5,329$4,474
8 years$6,100$5,631$5,197$4,794$4,421$3,607
9 years$5,367$4,903$4,476$4,083$3,723$2,950
10 years$4,781$4,322$3,902$3,520$3,172$2,439
11 years$4,302$3,848$3,435$3,063$2,728$2,034
12 years$3,904$3,453$3,049$2,687$2,364$1,707
13 years$3,566$3,121$2,724$2,372$2,062$1,441
14 years$3,278$2,837$2,447$2,106$1,807$1,222
15 years$3,027$2,591$2,210$1,878$1,591$1,041
16 years$2,809$2,378$2,003$1,681$1,406$889
17 years$2,616$2,190$1,823$1,511$1,247$761
18 years$2,445$2,023$1,664$1,362$1,109$653
19 years$2,292$1,875$1,524$1,230$988$561
20 years$2,155$1,743$1,398$1,114$883$483
21 years$2,031$1,623$1,286$1,011$790$417
22 years$1,918$1,515$1,185$919$708$360
23 years$1,815$1,417$1,094$837$636$311
24 years$1,721$1,328$1,012$764$571$269
25 years$1,635$1,246$937$697$514$233
26 years$1,555$1,171$869$638$463$202
27 years$1,481$1,102$807$584$417$175
28 years$1,413$1,038$751$535$377$151
29 years$1,350$980$698$490$340$131
30 years$1,291$925$651$450$307$114
31 years$1,235$875$607$413$278$99
32 years$1,184$828$566$380$251$86
33 years$1,135$784$528$349$227$74
34 years$1,090$743$494$321$206$65
35 years$1,047$705$462$296$187$56
36 years$1,007$669$432$273$169$49
37 years$969$635$404$251$153$42
38 years$933$604$378$231$139$37
39 years$899$574$355$213$126$32
40 years$867$546$332$197$114$28
41 years$836$520$312$182$104$24
42 years$807$495$292$168$94$21
43 years$780$472$274$155$85$18
44 years$753$450$257$143$77$16
45 years$728$429$242$132$70$14
46 years$704$409$227$122$64$12
47 years$682$390$213$113$58$10
48 years$660$373$200$104$53$9
49 years$639$356$188$96$48$8
50 years$619$340$177$89$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $634,000, adding $6,060 every year, while hoping to spend $30,613 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: 73/12/15 Blend
59$634,000$634,000$634,000$634,000
60$704,919$671,317$661,490$753,598
61$744,249$671,639$651,078$786,978
62$786,564$670,952$639,291$819,193
63$832,137$669,172$626,051$853,668
64$881,267$666,213$611,275$890,622
65$934,282$661,984$594,879$930,292
66$991,543$656,385$576,772$972,944
67$1,053,447$649,315$556,860$1,018,868
68$1,120,429$640,661$535,045$1,068,387
69$1,192,968$630,309$511,225$1,121,855
70$1,271,592$618,135$485,292$1,179,664
71$1,356,879$604,008$457,133$1,242,246
72$1,449,465$587,790$426,632$1,310,078
73$1,550,053$569,333$393,666$1,383,686
74$1,659,412$548,484$358,108$1,463,650
75$1,778,390$525,078$319,822$1,550,613
76$1,907,919$498,940$278,670$1,645,280
77$2,049,027$469,889$234,506$1,748,431
78$2,202,843$437,728$187,177$1,860,928
79$2,370,610$402,254$136,524$1,983,720
80$2,553,695$363,248$82,381$2,117,855
81$2,753,606$320,481$24,575$2,264,488
82$2,972,000$273,710$0$2,424,895
83$3,210,702$222,680$0$2,606,424
84$3,471,722$167,120$0$2,809,269
85$3,757,273$106,743$0$3,031,236
86$4,069,789$41,249$0$3,274,248
87$4,411,954$0$0$3,540,422
88$4,786,722$0$0$3,836,012
89$5,197,346$0$0$4,165,879
90$5,647,409$0$0$4,527,458
91$6,140,856$0$0$4,923,924
92$6,682,033$0$0$5,358,770
93$7,275,726$0$0$5,835,848
94$7,927,209$0$0$6,359,398
95$8,642,287$0$0$6,934,092
96$9,427,358$0$0$7,565,074
97$10,289,468$0$0$8,258,013
98$11,236,380$0$0$9,019,153
99$12,276,644$0$0$9,855,372
100$13,419,682$0$0$10,774,248