Can I retire at age 60 with 643,000?

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 $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%14.5%
1 years$53,098$52,625$52,164$51,714$51,274$50,321
2 years$26,286$25,797$25,322$24,862$24,416$23,460
3 years$17,350$16,858$16,385$15,929$15,491$14,560
4 years$12,883$12,393$11,924$11,476$11,048$10,151
5 years$10,203$9,716$9,254$8,815$8,399$7,538
6 years$8,417$7,934$7,478$7,049$6,645$5,822
7 years$7,142$6,663$6,215$5,796$5,405$4,618
8 years$6,186$5,711$5,270$4,862$4,484$3,734
9 years$5,443$4,973$4,539$4,141$3,776$3,062
10 years$4,849$4,383$3,958$3,570$3,217$2,540
11 years$4,364$3,902$3,484$3,107$2,767$2,124
12 years$3,959$3,502$3,092$2,725$2,398$1,789
13 years$3,617$3,165$2,763$2,406$2,091$1,516
14 years$3,324$2,877$2,482$2,136$1,833$1,290
15 years$3,070$2,628$2,241$1,905$1,614$1,102
16 years$2,849$2,411$2,032$1,705$1,426$944
17 years$2,653$2,221$1,849$1,532$1,265$811
18 years$2,480$2,052$1,688$1,381$1,124$699
19 years$2,325$1,902$1,545$1,248$1,002$603
20 years$2,185$1,767$1,418$1,130$895$521
21 years$2,059$1,646$1,304$1,026$801$451
22 years$1,945$1,537$1,202$933$718$391
23 years$1,841$1,437$1,110$849$645$339
24 years$1,745$1,347$1,027$775$579$294
25 years$1,658$1,264$951$707$521$256
26 years$1,577$1,188$882$647$470$222
27 years$1,502$1,118$819$592$423$194
28 years$1,433$1,053$761$542$382$168
29 years$1,369$994$708$497$345$147
30 years$1,309$938$660$456$312$128
31 years$1,253$887$615$419$282$111
32 years$1,201$839$574$385$255$97
33 years$1,152$795$536$354$231$85
34 years$1,105$753$501$326$209$74
35 years$1,062$715$468$300$189$64
36 years$1,021$678$438$276$171$56
37 years$983$644$410$255$155$49
38 years$946$612$384$235$141$43
39 years$912$582$360$216$128$37
40 years$879$554$337$200$116$33
41 years$848$527$316$184$105$28
42 years$819$502$296$170$95$25
43 years$791$478$278$157$87$22
44 years$764$456$261$145$79$19
45 years$739$435$245$134$71$17
46 years$714$415$230$124$65$14
47 years$691$396$216$114$59$13
48 years$669$378$203$106$53$11
49 years$648$361$191$98$49$10
50 years$628$345$180$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $643,000, adding $4,541 every year, while hoping to spend $33,427 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: 37/36/27 Blend
59$643,000$643,000$643,000$643,000
60$713,270$679,191$669,225$733,760
61$750,458$676,905$656,077$746,985
62$790,318$673,387$641,370$757,877
63$833,088$668,541$625,014$768,996
64$879,029$662,266$606,917$780,385
65$928,426$654,453$586,986$792,094
66$981,594$644,989$565,118$804,178
67$1,038,876$633,754$541,209$816,704
68$1,100,652$620,618$515,150$829,747
69$1,167,337$605,447$486,826$843,394
70$1,239,388$588,096$456,117$857,743
71$1,317,307$568,414$422,898$872,907
72$1,401,646$546,240$387,039$889,014
73$1,493,012$521,404$348,403$906,208
74$1,592,072$493,726$306,847$924,655
75$1,699,559$463,014$262,222$944,540
76$1,816,281$429,068$214,373$966,072
77$1,943,124$391,675$163,137$989,487
78$2,081,065$350,609$108,344$1,015,052
79$2,231,177$305,633$49,818$1,043,065
80$2,394,644$256,495$0$1,073,862
81$2,572,764$202,930$0$1,111,460
82$2,766,969$144,657$0$1,168,192
83$2,978,835$81,380$0$1,230,221
84$3,210,094$12,786$0$1,298,135
85$3,462,655$0$0$1,372,587
86$3,738,620$0$0$1,478,647
87$4,040,300$0$0$1,600,213
88$4,370,242$0$0$1,733,257
89$4,731,250$0$0$1,878,922
90$5,126,411$0$0$2,038,463
91$5,559,124$0$0$2,213,267
92$6,033,133$0$0$2,404,857
93$6,552,562$0$0$2,614,913
94$7,121,949$0$0$2,845,285
95$7,746,296$0$0$3,098,010
96$8,431,111$0$0$3,375,332
97$9,182,460$0$0$3,679,722
98$10,007,024$0$0$4,013,904
99$10,912,165$0$0$4,380,875
100$11,905,990$0$0$4,783,941