Can I retire at age 60 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$52,438$51,971$51,515$51,070$50,636$49,352
2 years$25,959$25,476$25,007$24,553$24,112$22,827
3 years$17,134$16,649$16,181$15,731$15,298$14,051
4 years$12,723$12,239$11,776$11,334$10,911$9,713
5 years$10,076$9,595$9,139$8,705$8,294$7,148
6 years$8,313$7,835$7,385$6,962$6,563$5,470
7 years$7,053$6,580$6,137$5,724$5,337$4,297
8 years$6,110$5,640$5,205$4,801$4,428$3,440
9 years$5,376$4,911$4,483$4,090$3,729$2,793
10 years$4,789$4,329$3,908$3,525$3,177$2,292
11 years$4,309$3,854$3,441$3,068$2,732$1,897
12 years$3,910$3,459$3,054$2,691$2,368$1,580
13 years$3,572$3,126$2,728$2,376$2,065$1,323
14 years$3,283$2,841$2,451$2,109$1,810$1,113
15 years$3,032$2,595$2,213$1,881$1,594$940
16 years$2,813$2,381$2,007$1,684$1,409$796
17 years$2,620$2,193$1,826$1,513$1,249$675
18 years$2,449$2,027$1,667$1,364$1,110$574
19 years$2,296$1,878$1,526$1,232$990$489
20 years$2,158$1,745$1,400$1,116$884$418
21 years$2,034$1,626$1,288$1,013$791$357
22 years$1,921$1,517$1,187$921$709$305
23 years$1,818$1,419$1,096$839$637$261
24 years$1,724$1,330$1,014$765$572$224
25 years$1,637$1,248$939$699$515$192
26 years$1,557$1,173$871$639$464$165
27 years$1,484$1,104$809$585$418$141
28 years$1,415$1,040$752$536$377$121
29 years$1,352$981$700$491$341$104
30 years$1,293$927$652$451$308$89
31 years$1,237$876$607$414$278$77
32 years$1,186$829$567$381$252$66
33 years$1,137$785$529$350$228$57
34 years$1,092$744$494$322$206$49
35 years$1,049$706$462$296$187$42
36 years$1,009$670$432$273$169$36
37 years$970$636$405$251$153$31
38 years$934$605$379$232$139$27
39 years$900$575$355$214$126$23
40 years$868$547$333$197$114$20
41 years$838$521$312$182$104$17
42 years$808$496$293$168$94$15
43 years$781$472$275$155$85$13
44 years$754$450$258$143$78$11
45 years$729$429$242$132$70$9
46 years$705$410$227$122$64$8
47 years$683$391$214$113$58$7
48 years$661$373$201$104$53$6
49 years$640$356$189$96$48$5
50 years$620$340$177$89$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $635,000, adding $5,547 every year, while hoping to spend $44,714 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: 42/38/20 Blend
59$635,000$635,000$635,000$635,000
60$705,492$671,837$661,994$730,782
61$729,877$657,181$636,596$734,609
62$755,250$640,309$608,848$733,994
63$781,666$621,065$578,624$732,407
64$809,181$599,282$545,794$729,782
65$837,859$574,788$510,219$726,050
66$867,765$547,397$471,756$721,138
67$898,971$516,914$430,254$714,971
68$931,555$483,132$385,556$707,471
69$965,601$445,833$337,500$698,554
70$1,001,199$404,785$285,913$688,135
71$1,038,447$359,745$230,616$676,127
72$1,077,450$310,455$171,424$662,435
73$1,118,324$256,641$108,140$646,965
74$1,161,193$198,016$40,563$629,617
75$1,206,191$134,276$0$610,289
76$1,253,466$65,098$0$595,609
77$1,303,177$0$0$588,408
78$1,355,497$0$0$584,081
79$1,410,614$0$0$608,227
80$1,468,734$0$0$633,721
81$1,530,081$0$0$660,663
82$1,594,898$0$0$689,167
83$1,663,453$0$0$719,352
84$1,736,035$0$0$751,354
85$1,812,962$0$0$785,316
86$1,894,582$0$0$821,398
87$1,981,272$0$0$859,774
88$2,073,448$0$0$900,634
89$2,171,564$0$0$944,186
90$2,276,116$0$0$990,658
91$2,387,649$0$0$1,040,301
92$2,506,758$0$0$1,093,389
93$2,634,097$0$0$1,150,221
94$2,770,382$0$0$1,211,127
95$2,916,397$0$0$1,276,468
96$3,073,004$0$0$1,346,642
97$3,241,147$0$0$1,422,082
98$3,421,864$0$0$1,503,266
99$3,616,293$0$0$1,590,720
100$3,825,684$0$0$1,685,018