Can I retire at age 60 with 636,000?

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 $636,000?

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$52,520$52,052$51,596$51,151$50,716$49,429
2 years$26,000$25,516$25,047$24,592$24,150$22,863
3 years$17,161$16,675$16,207$15,756$15,322$14,073
4 years$12,743$12,258$11,794$11,351$10,928$9,728
5 years$10,092$9,610$9,153$8,719$8,307$7,159
6 years$8,326$7,848$7,397$6,973$6,573$5,478
7 years$7,065$6,590$6,147$5,733$5,346$4,304
8 years$6,119$5,649$5,213$4,809$4,435$3,446
9 years$5,384$4,919$4,490$4,096$3,735$2,798
10 years$4,796$4,335$3,914$3,531$3,182$2,296
11 years$4,316$3,860$3,446$3,073$2,737$1,900
12 years$3,916$3,464$3,058$2,695$2,372$1,583
13 years$3,578$3,131$2,733$2,380$2,068$1,325
14 years$3,288$2,846$2,455$2,112$1,813$1,115
15 years$3,037$2,600$2,217$1,884$1,596$941
16 years$2,818$2,385$2,010$1,687$1,411$797
17 years$2,624$2,197$1,829$1,516$1,251$676
18 years$2,453$2,030$1,669$1,366$1,112$575
19 years$2,299$1,881$1,528$1,234$991$490
20 years$2,162$1,748$1,403$1,118$885$418
21 years$2,037$1,628$1,290$1,014$792$357
22 years$1,924$1,520$1,189$922$710$306
23 years$1,821$1,422$1,098$840$638$262
24 years$1,726$1,332$1,015$766$573$224
25 years$1,640$1,250$940$700$516$192
26 years$1,560$1,175$872$640$465$165
27 years$1,486$1,106$810$586$419$141
28 years$1,418$1,042$753$537$378$121
29 years$1,354$983$701$492$341$104
30 years$1,295$928$653$452$308$90
31 years$1,239$877$608$415$279$77
32 years$1,188$830$568$381$252$66
33 years$1,139$786$530$350$228$57
34 years$1,093$745$495$322$207$49
35 years$1,051$707$463$297$187$42
36 years$1,010$671$433$273$170$36
37 years$972$637$405$252$154$31
38 years$936$605$380$232$139$27
39 years$902$576$356$214$126$23
40 years$870$548$333$197$115$20
41 years$839$521$313$182$104$17
42 years$810$497$293$168$94$15
43 years$782$473$275$155$86$13
44 years$756$451$258$143$78$11
45 years$731$430$243$132$71$9
46 years$707$410$228$122$64$8
47 years$684$392$214$113$58$7
48 years$662$374$201$104$53$6
49 years$641$357$189$96$48$5
50 years$621$341$178$89$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $636,000, adding $4,117 every year, while hoping to spend $45,864 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: 46/43/11 Blend
59$636,000$636,000$636,000$636,000
60$705,119$671,411$661,553$735,196
61$728,242$655,511$634,916$740,520
62$752,186$637,295$605,849$741,247
63$776,988$616,601$574,224$741,003
64$802,683$593,257$539,903$739,714
65$829,313$567,082$502,745$737,303
66$856,918$537,885$462,603$733,688
67$885,544$505,461$419,321$728,782
68$915,239$469,598$372,737$722,495
69$946,052$430,067$322,682$714,730
70$978,039$386,630$268,981$705,387
71$1,011,255$339,032$211,449$694,361
72$1,045,764$287,005$149,894$681,539
73$1,081,631$230,267$84,114$666,804
74$1,118,926$168,518$13,900$650,034
75$1,157,724$101,444$0$631,100
76$1,198,107$28,710$0$617,030
77$1,240,161$0$0$602,725
78$1,283,980$0$0$610,109
79$1,329,664$0$0$631,983
80$1,377,322$0$0$654,817
81$1,427,070$0$0$678,668
82$1,479,033$0$0$703,600
83$1,533,349$0$0$729,680
84$1,590,163$0$0$756,981
85$1,649,636$0$0$785,582
86$1,711,939$0$0$815,569
87$1,777,259$0$0$847,036
88$1,845,799$0$0$880,082
89$1,917,779$0$0$914,819
90$1,993,437$0$0$951,366
91$2,073,034$0$0$989,852
92$2,156,853$0$0$1,030,419
93$2,245,200$0$0$1,073,222
94$2,338,412$0$0$1,118,428
95$2,436,854$0$0$1,166,221
96$2,540,925$0$0$1,216,801
97$2,651,059$0$0$1,270,386
98$2,767,732$0$0$1,327,215
99$2,891,463$0$0$1,387,549
100$3,022,820$0$0$1,451,674