Can I retire at age 60 with 636,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$52,520$52,052$51,596$51,151$50,716$50,396
2 years$26,000$25,516$25,047$24,592$24,150$23,828
3 years$17,161$16,675$16,207$15,756$15,322$15,007
4 years$12,743$12,258$11,794$11,351$10,928$10,622
5 years$10,092$9,610$9,153$8,719$8,307$8,012
6 years$8,326$7,848$7,397$6,973$6,573$6,289
7 years$7,065$6,590$6,147$5,733$5,346$5,073
8 years$6,119$5,649$5,213$4,809$4,435$4,173
9 years$5,384$4,919$4,490$4,096$3,735$3,484
10 years$4,796$4,335$3,914$3,531$3,182$2,942
11 years$4,316$3,860$3,446$3,073$2,737$2,507
12 years$3,916$3,464$3,058$2,695$2,372$2,153
13 years$3,578$3,131$2,733$2,380$2,068$1,859
14 years$3,288$2,846$2,455$2,112$1,813$1,614
15 years$3,037$2,600$2,217$1,884$1,596$1,407
16 years$2,818$2,385$2,010$1,687$1,411$1,231
17 years$2,624$2,197$1,829$1,516$1,251$1,081
18 years$2,453$2,030$1,669$1,366$1,112$951
19 years$2,299$1,881$1,528$1,234$991$839
20 years$2,162$1,748$1,403$1,118$885$741
21 years$2,037$1,628$1,290$1,014$792$656
22 years$1,924$1,520$1,189$922$710$582
23 years$1,821$1,422$1,098$840$638$516
24 years$1,726$1,332$1,015$766$573$459
25 years$1,640$1,250$940$700$516$408
26 years$1,560$1,175$872$640$465$363
27 years$1,486$1,106$810$586$419$324
28 years$1,418$1,042$753$537$378$289
29 years$1,354$983$701$492$341$258
30 years$1,295$928$653$452$308$230
31 years$1,239$877$608$415$279$205
32 years$1,188$830$568$381$252$184
33 years$1,139$786$530$350$228$164
34 years$1,093$745$495$322$207$147
35 years$1,051$707$463$297$187$131
36 years$1,010$671$433$273$170$117
37 years$972$637$405$252$154$105
38 years$936$605$380$232$139$94
39 years$902$576$356$214$126$84
40 years$870$548$333$197$115$75
41 years$839$521$313$182$104$68
42 years$810$497$293$168$94$61
43 years$782$473$275$155$86$54
44 years$756$451$258$143$78$49
45 years$731$430$243$132$71$44
46 years$707$410$228$122$64$39
47 years$684$392$214$113$58$35
48 years$662$374$201$104$53$31
49 years$641$357$189$96$48$28
50 years$621$341$178$89$44$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $636,000, adding $5,710 every year, while hoping to spend $23,611 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: 45/48/7 Blend
59$636,000$636,000$636,000$636,000
60$706,762$673,054$663,196$736,936
61$753,730$680,912$660,291$766,199
62$804,697$688,363$656,497$795,008
63$860,046$695,363$651,761$825,696
64$920,200$701,865$646,023$858,445
65$985,620$707,816$639,225$893,454
66$1,056,817$713,163$631,303$930,944
67$1,134,353$717,848$622,192$971,160
68$1,218,844$721,809$611,822$1,014,372
69$1,310,969$724,982$600,122$1,060,879
70$1,411,478$727,295$587,015$1,111,010
71$1,521,192$728,676$572,424$1,165,132
72$1,641,017$729,045$556,264$1,223,648
73$1,771,952$728,320$538,450$1,287,005
74$1,915,094$726,411$518,891$1,355,695
75$2,071,653$723,223$497,493$1,430,264
76$2,242,959$718,658$474,156$1,511,316
77$2,430,477$712,610$448,777$1,599,515
78$2,635,823$704,965$421,248$1,695,598
79$2,860,774$695,605$391,457$1,800,379
80$3,107,286$684,403$359,284$1,914,756
81$3,377,516$671,226$324,607$2,039,722
82$3,673,839$655,931$287,297$2,176,374
83$3,998,868$638,370$247,219$2,325,922
84$4,355,485$618,382$204,233$2,489,707
85$4,746,861$595,800$158,192$2,669,205
86$5,176,493$570,445$108,943$2,866,049
87$5,648,228$542,130$56,326$3,082,043
88$6,166,308$510,655$173$3,319,175
89$6,735,404$475,810$0$3,579,645
90$7,360,661$437,371$0$3,870,341
91$8,047,750$395,104$0$4,189,785
92$8,802,916$348,759$0$4,540,935
93$9,633,038$298,073$0$4,927,070
94$10,545,699$242,769$0$5,351,811
95$11,549,248$182,553$0$5,819,149
96$12,652,888$117,115$0$6,333,494
97$13,866,756$46,127$0$6,899,706
98$15,202,022$0$0$7,523,150
99$16,670,992$0$0$8,225,992
100$18,287,225$0$0$9,026,186