Can I retire at age 60 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$53,263$52,789$52,326$51,874$51,433$50,354
2 years$26,368$25,877$25,401$24,940$24,492$23,409
3 years$17,404$16,911$16,436$15,979$15,539$14,487
4 years$12,923$12,431$11,961$11,512$11,082$10,069
5 years$10,235$9,746$9,282$8,842$8,425$7,453
6 years$8,444$7,959$7,502$7,071$6,666$5,738
7 years$7,165$6,684$6,234$5,814$5,421$4,536
8 years$6,206$5,729$5,287$4,877$4,498$3,655
9 years$5,460$4,988$4,554$4,154$3,788$2,987
10 years$4,864$4,397$3,970$3,581$3,227$2,468
11 years$4,377$3,914$3,495$3,116$2,775$2,057
12 years$3,971$3,513$3,102$2,734$2,405$1,726
13 years$3,628$3,175$2,771$2,413$2,097$1,456
14 years$3,334$2,886$2,490$2,142$1,839$1,234
15 years$3,080$2,636$2,248$1,911$1,619$1,050
16 years$2,858$2,419$2,038$1,711$1,431$896
17 years$2,662$2,228$1,855$1,537$1,269$766
18 years$2,488$2,058$1,693$1,385$1,128$657
19 years$2,332$1,908$1,550$1,252$1,005$565
20 years$2,192$1,773$1,422$1,134$898$486
21 years$2,066$1,651$1,308$1,029$804$418
22 years$1,951$1,541$1,206$935$720$361
23 years$1,847$1,442$1,113$852$647$312
24 years$1,751$1,351$1,030$777$581$269
25 years$1,663$1,268$954$710$523$233
26 years$1,582$1,191$885$649$471$202
27 years$1,507$1,121$821$594$425$175
28 years$1,438$1,056$764$544$383$151
29 years$1,373$997$711$499$346$131
30 years$1,313$941$662$458$313$114
31 years$1,257$890$617$421$283$98
32 years$1,204$842$576$387$256$85
33 years$1,155$797$538$355$231$74
34 years$1,109$756$502$327$210$64
35 years$1,065$717$470$301$190$56
36 years$1,024$680$439$277$172$48
37 years$986$646$411$255$156$42
38 years$949$614$385$235$141$36
39 years$915$584$361$217$128$32
40 years$882$556$338$200$116$28
41 years$851$529$317$185$105$24
42 years$821$504$297$171$96$21
43 years$793$480$279$157$87$18
44 years$766$457$262$145$79$16
45 years$741$436$246$134$72$14
46 years$717$416$231$124$65$12
47 years$693$397$217$115$59$10
48 years$671$379$204$106$54$9
49 years$650$362$192$98$49$8
50 years$630$346$180$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $645,000, adding $6,336 every year, while hoping to spend $30,801 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: 54/21/25 Blend
59$645,000$645,000$645,000$645,000
60$717,326$683,141$673,143$750,797
61$757,721$683,842$662,921$775,247
62$801,204$683,546$651,325$798,138
63$848,058$682,171$638,275$822,423
64$898,592$679,630$623,690$848,248
65$953,148$675,831$607,483$875,772
66$1,012,100$670,678$589,564$905,175
67$1,075,859$664,066$569,840$936,653
68$1,144,879$655,887$548,211$970,427
69$1,219,655$646,025$524,576$1,006,740
70$1,300,736$634,356$498,825$1,045,864
71$1,388,723$620,751$470,847$1,088,097
72$1,484,277$605,072$440,525$1,133,775
73$1,588,125$587,172$407,734$1,183,264
74$1,701,067$566,898$372,347$1,236,975
75$1,823,985$544,085$334,230$1,295,361
76$1,957,847$518,561$293,242$1,358,924
77$2,103,719$490,142$249,237$1,428,221
78$2,262,775$458,635$202,063$1,503,867
79$2,436,305$423,835$151,559$1,586,546
80$2,625,731$385,526$97,559$1,677,011
81$2,832,618$343,479$39,890$1,776,099
82$3,058,687$297,451$0$1,884,736
83$3,305,836$247,189$0$2,009,719
84$3,576,151$192,421$0$2,158,136
85$3,871,932$132,863$0$2,320,641
86$4,195,709$68,214$0$2,498,671
87$4,550,270$0$0$2,693,816
88$4,938,685$0$0$2,908,255
89$5,364,332$0$0$3,160,583
90$5,830,936$0$0$3,437,253
91$6,342,595$0$0$3,740,704
92$6,903,826$0$0$4,073,622
93$7,519,603$0$0$4,438,965
94$8,195,404$0$0$4,839,993
95$8,937,264$0$0$5,280,295
96$9,751,830$0$0$5,763,828
97$10,646,425$0$0$6,294,946
98$11,629,117$0$0$6,878,449
99$12,708,791$0$0$7,519,625
100$13,895,236$0$0$8,224,296