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%20%
1 years$53,181$52,707$52,245$51,794$51,353$49,296
2 years$26,327$25,837$25,362$24,901$24,454$22,407
3 years$17,377$16,885$16,411$15,954$15,515$13,543
4 years$12,903$12,412$11,943$11,494$11,065$9,183
5 years$10,219$9,731$9,268$8,829$8,412$6,624
6 years$8,431$7,946$7,490$7,060$6,656$4,964
7 years$7,153$6,673$6,224$5,805$5,413$3,817
8 years$6,196$5,720$5,279$4,869$4,491$2,988
9 years$5,452$4,980$4,546$4,148$3,782$2,370
10 years$4,857$4,390$3,964$3,575$3,222$1,899
11 years$4,370$3,908$3,490$3,112$2,771$1,533
12 years$3,965$3,508$3,097$2,729$2,401$1,245
13 years$3,623$3,170$2,767$2,410$2,094$1,016
14 years$3,329$2,881$2,486$2,139$1,836$833
15 years$3,075$2,632$2,245$1,908$1,616$684
16 years$2,853$2,415$2,035$1,708$1,428$564
17 years$2,657$2,224$1,852$1,535$1,267$465
18 years$2,484$2,055$1,690$1,383$1,126$385
19 years$2,328$1,905$1,548$1,250$1,004$319
20 years$2,189$1,770$1,420$1,132$897$264
21 years$2,063$1,649$1,306$1,027$802$219
22 years$1,948$1,539$1,204$934$719$182
23 years$1,844$1,439$1,112$851$646$151
24 years$1,748$1,349$1,028$776$580$126
25 years$1,660$1,266$952$708$522$104
26 years$1,579$1,189$883$648$470$87
27 years$1,505$1,119$820$593$424$72
28 years$1,435$1,055$762$543$383$60
29 years$1,371$995$709$498$346$50
30 years$1,311$940$661$457$312$42
31 years$1,255$888$616$420$282$35
32 years$1,202$841$575$386$255$29
33 years$1,153$796$537$355$231$24
34 years$1,107$754$501$327$209$20
35 years$1,064$716$469$301$189$17
36 years$1,023$679$439$277$172$14
37 years$984$645$411$255$156$12
38 years$948$613$384$235$141$10
39 years$913$583$360$217$128$8
40 years$880$555$338$200$116$7
41 years$849$528$317$184$105$6
42 years$820$503$297$170$96$5
43 years$792$479$279$157$87$4
44 years$765$457$262$145$79$3
45 years$740$435$246$134$71$3
46 years$715$415$231$124$65$2
47 years$692$396$217$114$59$2
48 years$670$378$204$106$53$2
49 years$649$361$191$98$49$1
50 years$629$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 $644,000, adding $6,942 every year, while hoping to spend $31,152 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: 69/18/13 Blend
59$644,000$644,000$644,000$644,000
60$716,849$682,717$672,735$763,775
61$756,822$683,024$662,126$796,170
62$799,828$682,303$650,117$827,209
63$846,144$680,469$636,630$860,358
64$896,073$677,435$621,579$895,821
65$949,949$673,106$604,879$933,822
66$1,008,139$667,383$586,437$974,609
67$1,071,044$660,160$566,158$1,018,454
68$1,139,109$651,326$543,942$1,065,661
69$1,212,819$640,761$519,685$1,116,563
70$1,292,709$628,341$493,277$1,171,528
71$1,379,367$613,932$464,604$1,230,964
72$1,473,441$597,393$433,547$1,295,320
73$1,575,642$578,575$399,981$1,365,091
74$1,686,753$557,321$363,775$1,440,826
75$1,807,634$533,462$324,794$1,523,130
76$1,939,233$506,822$282,896$1,612,671
77$2,082,593$477,215$237,931$1,710,186
78$2,238,861$444,442$189,745$1,816,490
79$2,409,300$408,294$138,176$1,932,482
80$2,595,298$368,550$83,054$2,059,153
81$2,798,386$324,976$24,204$2,197,600
82$3,020,247$277,326$0$2,349,032
83$3,262,736$225,339$0$2,520,137
84$3,527,893$168,739$0$2,710,964
85$3,817,966$107,234$0$2,919,808
86$4,135,427$40,518$0$3,148,491
87$4,483,003$0$0$3,399,023
88$4,863,693$0$0$3,679,906
89$5,280,802$0$0$3,996,489
90$5,737,967$0$0$4,343,512
91$6,239,197$0$0$4,724,022
92$6,788,905$0$0$5,141,375
93$7,391,952$0$0$5,599,265
94$8,053,693$0$0$6,101,765
95$8,780,026$0$0$6,653,358
96$9,577,449$0$0$7,258,984
97$10,453,117$0$0$7,924,084
98$11,414,914$0$0$8,654,651
99$12,471,526$0$0$9,457,289
100$13,632,519$0$0$10,339,272