Can I retire at age 60 with 644,000?

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 $644,000?

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$53,181$52,707$52,245$51,794$51,353$50,399
2 years$26,327$25,837$25,362$24,901$24,454$23,496
3 years$17,377$16,885$16,411$15,954$15,515$14,583
4 years$12,903$12,412$11,943$11,494$11,065$10,167
5 years$10,219$9,731$9,268$8,829$8,412$7,549
6 years$8,431$7,946$7,490$7,060$6,656$5,831
7 years$7,153$6,673$6,224$5,805$5,413$4,625
8 years$6,196$5,720$5,279$4,869$4,491$3,740
9 years$5,452$4,980$4,546$4,148$3,782$3,067
10 years$4,857$4,390$3,964$3,575$3,222$2,544
11 years$4,370$3,908$3,490$3,112$2,771$2,128
12 years$3,965$3,508$3,097$2,729$2,401$1,792
13 years$3,623$3,170$2,767$2,410$2,094$1,518
14 years$3,329$2,881$2,486$2,139$1,836$1,292
15 years$3,075$2,632$2,245$1,908$1,616$1,104
16 years$2,853$2,415$2,035$1,708$1,428$946
17 years$2,657$2,224$1,852$1,535$1,267$813
18 years$2,484$2,055$1,690$1,383$1,126$700
19 years$2,328$1,905$1,548$1,250$1,004$604
20 years$2,189$1,770$1,420$1,132$897$522
21 years$2,063$1,649$1,306$1,027$802$452
22 years$1,948$1,539$1,204$934$719$392
23 years$1,844$1,439$1,112$851$646$340
24 years$1,748$1,349$1,028$776$580$295
25 years$1,660$1,266$952$708$522$256
26 years$1,579$1,189$883$648$470$223
27 years$1,505$1,119$820$593$424$194
28 years$1,435$1,055$762$543$383$169
29 years$1,371$995$709$498$346$147
30 years$1,311$940$661$457$312$128
31 years$1,255$888$616$420$282$112
32 years$1,202$841$575$386$255$97
33 years$1,153$796$537$355$231$85
34 years$1,107$754$501$327$209$74
35 years$1,064$716$469$301$189$64
36 years$1,023$679$439$277$172$56
37 years$984$645$411$255$156$49
38 years$948$613$384$235$141$43
39 years$913$583$360$217$128$37
40 years$880$555$338$200$116$33
41 years$849$528$317$184$105$28
42 years$820$503$297$170$96$25
43 years$792$479$279$157$87$22
44 years$765$457$262$145$79$19
45 years$740$435$246$134$71$17
46 years$715$415$231$124$65$14
47 years$692$396$217$114$59$13
48 years$670$378$204$106$53$11
49 years$649$361$191$98$49$10
50 years$629$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 $644,000, adding $6,368 every year, while hoping to spend $33,091 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: 39/31/30 Blend
59$644,000$644,000$644,000$644,000
60$716,257$682,125$672,143$737,624
61$754,106$680,340$659,451$752,092
62$794,707$677,359$645,225$764,233
63$838,306$673,088$629,378$776,743
64$885,171$667,428$611,821$789,677
65$935,600$660,273$592,458$803,099
66$989,917$651,512$571,191$817,082
67$1,048,479$641,026$547,916$831,709
68$1,111,678$628,691$522,526$847,074
69$1,179,946$614,373$494,907$863,285
70$1,253,755$597,933$464,941$880,462
71$1,333,627$579,221$432,506$898,743
72$1,420,134$558,079$397,472$918,283
73$1,513,905$534,342$359,704$939,256
74$1,615,630$507,832$319,061$961,858
75$1,726,072$478,364$275,397$986,311
76$1,846,067$445,739$228,559$1,012,863
77$1,976,536$409,750$178,385$1,041,791
78$2,118,491$370,175$124,709$1,073,407
79$2,273,045$326,783$67,356$1,108,060
80$2,441,427$279,326$6,143$1,146,142
81$2,624,984$227,544$0$1,188,087
82$2,825,201$171,163$0$1,253,328
83$3,043,714$109,892$0$1,326,795
84$3,282,320$43,425$0$1,407,191
85$3,543,001$0$0$1,495,262
86$3,827,937$0$0$1,601,577
87$4,139,528$0$0$1,734,120
88$4,480,417$0$0$1,879,211
89$4,853,515$0$0$2,038,100
90$5,262,026$0$0$2,212,162
91$5,709,479$0$0$2,402,914
92$6,199,759$0$0$2,612,023
93$6,737,148$0$0$2,841,328
94$7,326,358$0$0$3,092,852
95$7,972,581$0$0$3,368,826
96$8,681,535$0$0$3,671,705
97$9,459,519$0$0$4,004,195
98$10,313,470$0$0$4,369,274
99$11,251,030$0$0$4,770,226
100$12,280,617$0$0$5,210,667