Can I retire at age 60 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$53,346$52,871$52,407$51,955$51,513$50,207
2 years$26,409$25,917$25,440$24,978$24,530$23,222
3 years$17,431$16,937$16,462$16,004$15,563$14,295
4 years$12,943$12,451$11,980$11,530$11,100$9,881
5 years$10,251$9,761$9,297$8,856$8,438$7,272
6 years$8,457$7,971$7,513$7,082$6,676$5,564
7 years$7,176$6,694$6,244$5,823$5,430$4,372
8 years$6,215$5,738$5,295$4,885$4,504$3,500
9 years$5,469$4,996$4,561$4,161$3,793$2,841
10 years$4,872$4,404$3,976$3,586$3,232$2,332
11 years$4,384$3,920$3,500$3,121$2,780$1,930
12 years$3,977$3,519$3,107$2,738$2,409$1,607
13 years$3,634$3,180$2,775$2,417$2,101$1,346
14 years$3,340$2,890$2,494$2,146$1,841$1,132
15 years$3,085$2,640$2,252$1,913$1,621$956
16 years$2,862$2,423$2,041$1,713$1,433$809
17 years$2,666$2,231$1,858$1,539$1,271$687
18 years$2,491$2,062$1,696$1,387$1,130$584
19 years$2,336$1,911$1,552$1,254$1,007$498
20 years$2,196$1,775$1,425$1,135$899$425
21 years$2,069$1,654$1,310$1,030$805$363
22 years$1,954$1,544$1,208$937$721$310
23 years$1,849$1,444$1,115$853$648$266
24 years$1,754$1,353$1,031$778$582$228
25 years$1,665$1,270$955$711$524$195
26 years$1,584$1,193$886$650$472$167
27 years$1,509$1,123$823$595$425$144
28 years$1,440$1,058$765$545$384$123
29 years$1,375$998$712$500$347$106
30 years$1,315$943$663$459$313$91
31 years$1,259$891$618$421$283$78
32 years$1,206$843$577$387$256$67
33 years$1,157$799$538$356$232$58
34 years$1,111$757$503$328$210$50
35 years$1,067$718$470$302$190$43
36 years$1,026$681$440$278$172$37
37 years$987$647$412$256$156$32
38 years$951$615$386$236$142$27
39 years$916$585$361$217$128$23
40 years$883$556$339$201$116$20
41 years$852$530$318$185$106$17
42 years$822$504$298$171$96$15
43 years$794$481$279$158$87$13
44 years$768$458$262$146$79$11
45 years$742$437$246$134$72$9
46 years$718$417$231$124$65$8
47 years$694$398$217$115$59$7
48 years$672$380$204$106$54$6
49 years$651$363$192$98$49$5
50 years$631$346$181$91$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $646,000, adding $2,303 every year, while hoping to spend $41,633 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: 73/8/19 Blend
59$646,000$646,000$646,000$646,000
60$714,268$680,030$670,017$763,034
61$742,826$669,054$648,165$784,751
62$772,901$656,145$624,186$803,272
63$804,605$641,164$597,964$822,493
64$838,059$623,965$569,380$842,474
65$873,393$604,391$538,306$863,284
66$910,751$582,279$504,611$884,999
67$950,291$557,453$468,159$907,704
68$992,183$529,731$428,804$931,493
69$1,036,614$498,916$386,398$956,469
70$1,083,789$464,803$340,783$982,751
71$1,133,931$427,174$291,794$1,010,467
72$1,187,284$385,798$239,262$1,039,762
73$1,244,118$340,433$183,008$1,070,795
74$1,304,723$290,820$122,844$1,103,744
75$1,369,423$236,687$58,577$1,138,806
76$1,438,567$177,748$0$1,176,201
77$1,512,542$113,699$0$1,218,200
78$1,591,771$44,220$0$1,275,850
79$1,676,717$0$0$1,337,607
80$1,767,889$0$0$1,406,582
81$1,865,846$0$0$1,484,892
82$1,971,199$0$0$1,569,137
83$2,084,622$0$0$1,659,858
84$2,206,853$0$0$1,757,648
85$2,338,705$0$0$1,863,161
86$2,481,068$0$0$1,977,112
87$2,634,922$0$0$2,100,289
88$2,801,344$0$0$2,233,558
89$2,981,517$0$0$2,377,869
90$3,176,743$0$0$2,534,271
91$3,388,452$0$0$2,703,911
92$3,618,217$0$0$2,888,056
93$3,867,769$0$0$3,088,097
94$4,139,010$0$0$3,305,564
95$4,434,035$0$0$3,542,140
96$4,755,147$0$0$3,799,679
97$5,104,881$0$0$4,080,218
98$5,486,027$0$0$4,386,001
99$5,901,653$0$0$4,719,496
100$6,355,139$0$0$5,083,421