Can I retire at age 60 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$52,768$52,298$51,839$51,392$50,955$49,088
2 years$26,123$25,636$25,165$24,708$24,264$22,405
3 years$17,242$16,754$16,283$15,830$15,394$13,600
4 years$12,803$12,316$11,850$11,405$10,979$9,264
5 years$10,140$9,656$9,196$8,760$8,346$6,714
6 years$8,365$7,885$7,432$7,005$6,604$5,057
7 years$7,098$6,621$6,176$5,760$5,371$3,908
8 years$6,148$5,676$5,238$4,832$4,456$3,076
9 years$5,410$4,942$4,511$4,115$3,752$2,453
10 years$4,819$4,356$3,933$3,548$3,197$1,977
11 years$4,336$3,878$3,463$3,087$2,750$1,606
12 years$3,934$3,481$3,073$2,708$2,383$1,312
13 years$3,594$3,145$2,745$2,391$2,078$1,077
14 years$3,303$2,859$2,467$2,122$1,821$888
15 years$3,051$2,612$2,227$1,893$1,604$735
16 years$2,831$2,396$2,019$1,695$1,417$609
17 years$2,637$2,207$1,837$1,523$1,257$506
18 years$2,464$2,039$1,677$1,372$1,117$421
19 years$2,310$1,890$1,536$1,240$996$351
20 years$2,172$1,756$1,409$1,123$890$293
21 years$2,047$1,636$1,296$1,019$796$245
22 years$1,933$1,527$1,195$927$714$205
23 years$1,829$1,428$1,103$844$641$171
24 years$1,735$1,338$1,020$770$576$143
25 years$1,647$1,256$945$703$518$120
26 years$1,567$1,180$876$643$467$101
27 years$1,493$1,111$814$588$421$84
28 years$1,424$1,047$756$539$380$71
29 years$1,360$987$704$494$343$59
30 years$1,301$932$656$454$310$50
31 years$1,245$882$611$417$280$42
32 years$1,193$834$570$383$253$35
33 years$1,144$790$533$352$229$29
34 years$1,099$749$498$324$208$25
35 years$1,055$710$465$298$188$21
36 years$1,015$674$435$275$170$17
37 years$977$640$407$253$154$15
38 years$940$608$381$233$140$12
39 years$906$578$357$215$127$10
40 years$874$550$335$198$115$9
41 years$843$524$314$183$104$7
42 years$814$499$295$169$95$6
43 years$786$475$276$156$86$5
44 years$759$453$260$144$78$4
45 years$734$432$244$133$71$4
46 years$710$412$229$123$64$3
47 years$687$393$215$113$58$3
48 years$665$376$202$105$53$2
49 years$644$359$190$97$48$2
50 years$624$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $639,000, adding $3,120 every year, while hoping to spend $40,296 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: 40/38/22 Blend
59$639,000$639,000$639,000$639,000
60$707,396$673,529$663,625$730,976
61$736,676$663,658$642,982$738,332
62$767,592$651,952$620,296$742,226
63$800,268$638,279$595,458$745,625
64$834,840$622,499$568,351$748,507
65$871,456$604,464$538,853$750,850
66$910,278$584,017$506,838$752,635
67$951,483$560,990$472,173$753,843
68$995,264$535,208$434,721$754,458
69$1,041,833$506,485$394,336$754,465
70$1,091,421$474,624$350,867$753,855
71$1,144,281$439,416$304,156$752,620
72$1,200,691$400,641$254,039$750,757
73$1,260,956$358,066$200,344$748,269
74$1,325,408$311,446$142,890$745,163
75$1,394,413$260,521$81,490$741,455
76$1,468,372$205,015$15,949$737,168
77$1,547,724$144,639$0$732,332
78$1,632,952$79,086$0$739,666
79$1,724,584$8,032$0$751,367
80$1,823,203$0$0$763,807
81$1,929,447$0$0$805,919
82$2,044,016$0$0$855,017
83$2,167,681$0$0$908,079
84$2,301,287$0$0$965,479
85$2,445,765$0$0$1,027,624
86$2,602,137$0$0$1,094,963
87$2,771,527$0$0$1,167,990
88$2,955,169$0$0$1,247,248
89$3,154,423$0$0$1,333,334
90$3,370,782$0$0$1,426,905
91$3,605,889$0$0$1,528,684
92$3,861,554$0$0$1,639,466
93$4,139,763$0$0$1,760,126
94$4,442,707$0$0$1,891,626
95$4,772,792$0$0$2,035,026
96$5,132,670$0$0$2,191,492
97$5,525,256$0$0$2,362,308
98$5,953,761$0$0$2,548,886
99$6,421,719$0$0$2,752,783
100$6,933,020$0$0$2,975,710