Can I retire at age 60 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$53,098$52,625$52,164$51,714$51,274$49,259
2 years$26,286$25,797$25,322$24,862$24,416$22,411
3 years$17,350$16,858$16,385$15,929$15,491$13,558
4 years$12,883$12,393$11,924$11,476$11,048$9,203
5 years$10,203$9,716$9,254$8,815$8,399$6,645
6 years$8,417$7,934$7,478$7,049$6,645$4,986
7 years$7,142$6,663$6,215$5,796$5,405$3,837
8 years$6,186$5,711$5,270$4,862$4,484$3,008
9 years$5,443$4,973$4,539$4,141$3,776$2,389
10 years$4,849$4,383$3,958$3,570$3,217$1,916
11 years$4,364$3,902$3,484$3,107$2,767$1,549
12 years$3,959$3,502$3,092$2,725$2,398$1,260
13 years$3,617$3,165$2,763$2,406$2,091$1,030
14 years$3,324$2,877$2,482$2,136$1,833$845
15 years$3,070$2,628$2,241$1,905$1,614$695
16 years$2,849$2,411$2,032$1,705$1,426$574
17 years$2,653$2,221$1,849$1,532$1,265$474
18 years$2,480$2,052$1,688$1,381$1,124$393
19 years$2,325$1,902$1,545$1,248$1,002$326
20 years$2,185$1,767$1,418$1,130$895$270
21 years$2,059$1,646$1,304$1,026$801$225
22 years$1,945$1,537$1,202$933$718$187
23 years$1,841$1,437$1,110$849$645$155
24 years$1,745$1,347$1,027$775$579$129
25 years$1,658$1,264$951$707$521$108
26 years$1,577$1,188$882$647$470$90
27 years$1,502$1,118$819$592$423$75
28 years$1,433$1,053$761$542$382$62
29 years$1,369$994$708$497$345$52
30 years$1,309$938$660$456$312$43
31 years$1,253$887$615$419$282$36
32 years$1,201$839$574$385$255$30
33 years$1,152$795$536$354$231$25
34 years$1,105$753$501$326$209$21
35 years$1,062$715$468$300$189$18
36 years$1,021$678$438$276$171$15
37 years$983$644$410$255$155$12
38 years$946$612$384$235$141$10
39 years$912$582$360$216$128$9
40 years$879$554$337$200$116$7
41 years$848$527$316$184$105$6
42 years$819$502$296$170$95$5
43 years$791$478$278$157$87$4
44 years$764$456$261$145$79$3
45 years$739$435$245$134$71$3
46 years$714$415$230$124$65$2
47 years$691$396$216$114$59$2
48 years$669$378$203$106$53$2
49 years$648$361$191$98$49$1
50 years$628$345$180$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $643,000, adding $4,418 every year, while hoping to spend $24,241 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: 73/21/6 Blend
59$643,000$643,000$643,000$643,000
60$713,143$679,064$669,098$764,382
61$760,092$686,546$665,720$806,222
62$811,016$693,582$661,417$848,542
63$866,297$700,125$656,132$894,200
64$926,352$706,124$649,805$943,516
65$991,641$711,525$642,375$996,845
66$1,062,670$716,271$633,776$1,054,576
67$1,139,995$720,301$623,940$1,117,141
68$1,224,229$723,550$612,796$1,185,013
69$1,316,044$725,948$600,269$1,258,715
70$1,416,184$727,423$586,281$1,338,821
71$1,525,464$727,896$570,751$1,425,967
72$1,644,783$727,284$553,593$1,520,852
73$1,775,130$725,500$534,717$1,624,246
74$1,917,593$722,449$514,029$1,736,999
75$2,073,371$718,033$491,433$1,860,048
76$2,243,785$712,147$466,826$1,994,425
77$2,430,287$704,678$440,101$2,141,268
78$2,634,478$695,509$411,146$2,301,832
79$2,858,119$684,514$379,844$2,477,499
80$3,103,153$671,560$346,074$2,669,794
81$3,371,715$656,507$309,708$2,880,398
82$3,666,160$639,206$270,613$3,111,162
83$3,989,079$619,499$228,650$3,364,130
84$4,343,330$597,218$183,674$3,641,553
85$4,732,056$572,188$135,534$3,945,912
86$5,158,721$544,221$84,070$4,279,943
87$5,627,142$513,120$29,118$4,646,664
88$6,141,523$478,675$0$5,049,398
89$6,706,494$440,665$0$5,493,701
90$7,327,155$398,856$0$5,983,836
91$8,009,126$353,002$0$6,522,403
92$8,758,599$302,841$0$7,114,325
93$9,582,393$248,097$0$7,765,027
94$10,488,022$188,478$0$8,480,490
95$11,483,764$123,678$0$9,267,306
96$12,578,740$53,370$0$10,132,740
97$13,782,998$0$0$11,084,800
98$15,107,608$0$0$12,137,578
99$16,564,770$0$0$13,309,305
100$18,167,921$0$0$14,598,461