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%17.8%
1 years$52,768$52,298$51,839$51,392$50,955$49,343
2 years$26,123$25,636$25,165$24,708$24,264$22,655
3 years$17,242$16,754$16,283$15,830$15,394$13,838
4 years$12,803$12,316$11,850$11,405$10,979$9,488
5 years$10,140$9,656$9,196$8,760$8,346$6,924
6 years$8,365$7,885$7,432$7,005$6,604$5,252
7 years$7,098$6,621$6,176$5,760$5,371$4,089
8 years$6,148$5,676$5,238$4,832$4,456$3,243
9 years$5,410$4,942$4,511$4,115$3,752$2,608
10 years$4,819$4,356$3,933$3,548$3,197$2,119
11 years$4,336$3,878$3,463$3,087$2,750$1,735
12 years$3,934$3,481$3,073$2,708$2,383$1,430
13 years$3,594$3,145$2,745$2,391$2,078$1,185
14 years$3,303$2,859$2,467$2,122$1,821$986
15 years$3,051$2,612$2,227$1,893$1,604$823
16 years$2,831$2,396$2,019$1,695$1,417$689
17 years$2,637$2,207$1,837$1,523$1,257$578
18 years$2,464$2,039$1,677$1,372$1,117$486
19 years$2,310$1,890$1,536$1,240$996$409
20 years$2,172$1,756$1,409$1,123$890$345
21 years$2,047$1,636$1,296$1,019$796$291
22 years$1,933$1,527$1,195$927$714$246
23 years$1,829$1,428$1,103$844$641$208
24 years$1,735$1,338$1,020$770$576$176
25 years$1,647$1,256$945$703$518$149
26 years$1,567$1,180$876$643$467$126
27 years$1,493$1,111$814$588$421$107
28 years$1,424$1,047$756$539$380$90
29 years$1,360$987$704$494$343$77
30 years$1,301$932$656$454$310$65
31 years$1,245$882$611$417$280$55
32 years$1,193$834$570$383$253$47
33 years$1,144$790$533$352$229$40
34 years$1,099$749$498$324$208$34
35 years$1,055$710$465$298$188$29
36 years$1,015$674$435$275$170$24
37 years$977$640$407$253$154$21
38 years$940$608$381$233$140$17
39 years$906$578$357$215$127$15
40 years$874$550$335$198$115$13
41 years$843$524$314$183$104$11
42 years$814$499$295$169$95$9
43 years$786$475$276$156$86$8
44 years$759$453$260$144$78$7
45 years$734$432$244$133$71$6
46 years$710$412$229$123$64$5
47 years$687$393$215$113$58$4
48 years$665$376$202$105$53$3
49 years$644$359$190$97$48$3
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 $5,232 every year, while hoping to spend $29,573 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: 38/33/29 Blend
59$639,000$639,000$639,000$639,000
60$709,575$675,708$665,803$730,254
61$750,486$677,352$656,642$747,592
62$794,579$678,086$646,183$763,240
63$842,147$677,833$634,351$779,592
64$893,512$676,513$621,069$796,732
65$949,029$674,041$606,253$814,754
66$1,009,087$670,325$589,819$833,765
67$1,074,113$665,271$571,677$853,882
68$1,144,578$658,774$551,733$875,241
69$1,220,998$650,728$529,890$897,991
70$1,303,944$641,017$506,045$922,299
71$1,394,039$629,520$480,091$948,353
72$1,491,973$616,108$451,915$976,364
73$1,598,501$600,645$421,402$1,006,565
74$1,714,458$582,986$388,429$1,039,221
75$1,840,759$562,978$352,867$1,074,622
76$1,978,412$540,460$314,584$1,113,095
77$2,128,528$515,260$273,440$1,155,005
78$2,292,328$487,198$229,290$1,200,756
79$2,471,155$456,081$181,982$1,250,800
80$2,666,492$421,707$131,357$1,305,639
81$2,879,965$383,863$77,249$1,365,831
82$3,113,370$342,320$19,485$1,431,997
83$3,368,681$296,842$0$1,504,829
84$3,648,074$247,173$0$1,598,137
85$3,953,941$193,049$0$1,707,010
86$4,288,920$134,185$0$1,826,419
87$4,655,915$70,286$0$1,957,475
88$5,058,124$1,035$0$2,101,410
89$5,499,068$0$0$2,259,581
90$5,982,626$0$0$2,460,327
91$6,513,071$0$0$2,681,040
92$7,095,108$0$0$2,923,313
93$7,733,920$0$0$3,189,316
94$8,435,217$0$0$3,481,437
95$9,205,289$0$0$3,802,309
96$10,051,062$0$0$4,154,831
97$10,980,170$0$0$4,542,198
98$12,001,020$0$0$4,967,930
99$13,122,873$0$0$5,435,902
100$14,355,935$0$0$5,950,387