Can I retire at age 60 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$53,511$53,035$52,570$52,116$51,672$51,325
2 years$26,491$25,997$25,519$25,056$24,606$24,256
3 years$17,485$16,990$16,513$16,053$15,611$15,269
4 years$12,983$12,489$12,017$11,566$11,134$10,802
5 years$10,283$9,792$9,326$8,883$8,464$8,144
6 years$8,483$7,996$7,537$7,104$6,697$6,389
7 years$7,198$6,715$6,263$5,841$5,447$5,150
8 years$6,235$5,756$5,311$4,900$4,518$4,234
9 years$5,486$5,011$4,575$4,173$3,805$3,533
10 years$4,887$4,417$3,988$3,598$3,242$2,982
11 years$4,397$3,932$3,511$3,131$2,788$2,540
12 years$3,990$3,530$3,116$2,746$2,416$2,179
13 years$3,645$3,190$2,784$2,425$2,107$1,881
14 years$3,350$2,899$2,502$2,152$1,847$1,632
15 years$3,094$2,649$2,259$1,919$1,626$1,422
16 years$2,871$2,430$2,048$1,719$1,437$1,243
17 years$2,674$2,238$1,863$1,544$1,274$1,090
18 years$2,499$2,068$1,701$1,392$1,133$959
19 years$2,343$1,917$1,557$1,257$1,010$845
20 years$2,202$1,781$1,429$1,139$902$746
21 years$2,075$1,659$1,314$1,034$807$660
22 years$1,960$1,549$1,211$940$724$585
23 years$1,855$1,448$1,119$856$650$519
24 years$1,759$1,357$1,035$781$584$460
25 years$1,671$1,273$958$713$525$409
26 years$1,589$1,197$889$652$473$364
27 years$1,514$1,126$825$597$427$324
28 years$1,444$1,061$767$547$385$289
29 years$1,379$1,001$714$501$348$258
30 years$1,319$946$665$460$314$230
31 years$1,263$894$620$423$284$205
32 years$1,210$846$578$388$257$183
33 years$1,160$801$540$357$232$164
34 years$1,114$759$505$329$210$146
35 years$1,070$720$472$302$191$131
36 years$1,029$683$441$279$173$117
37 years$990$649$413$257$157$104
38 years$954$617$387$237$142$93
39 years$919$587$362$218$129$84
40 years$886$558$340$201$117$75
41 years$855$531$319$186$106$67
42 years$825$506$299$171$96$60
43 years$797$482$280$158$87$54
44 years$770$460$263$146$79$48
45 years$744$438$247$135$72$43
46 years$720$418$232$125$65$38
47 years$697$399$218$115$59$34
48 years$674$381$205$106$54$31
49 years$653$364$193$98$49$28
50 years$633$347$181$91$44$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $648,000, adding $3,665 every year, while hoping to spend $50,596 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: 39/48/13 Blend
59$648,000$648,000$648,000$648,000
60$717,876$683,532$673,488$742,932
61$737,266$663,192$642,217$740,720
62$756,938$640,159$608,201$733,121
63$776,867$614,248$571,297$723,800
64$797,024$585,263$531,353$712,624
65$817,376$552,997$488,209$699,453
66$837,885$517,230$441,700$684,139
67$858,505$477,730$391,653$666,523
68$879,186$434,252$337,887$646,433
69$899,870$386,537$280,213$623,691
70$920,489$334,310$218,433$598,102
71$940,971$277,283$152,342$569,462
72$961,229$215,149$81,724$537,552
73$981,168$147,585$6,356$502,137
74$1,000,681$74,250$0$462,968
75$1,019,646$0$0$430,054
76$1,037,927$0$0$397,200
77$1,055,374$0$0$403,158
78$1,071,814$0$0$408,636
79$1,087,058$0$0$413,549
80$1,100,894$0$0$417,806
81$1,113,084$0$0$421,301
82$1,123,364$0$0$423,922
83$1,131,440$0$0$425,538
84$1,136,985$0$0$426,008
85$1,139,635$0$0$425,174
86$1,138,986$0$0$422,859
87$1,134,588$0$0$418,869
88$1,125,944$0$0$412,988
89$1,112,500$0$0$404,977
90$1,093,643$0$0$394,568
91$1,068,695$0$0$381,469
92$1,036,903$0$0$365,354
93$997,432$0$0$345,861
94$949,361$0$0$322,592
95$891,667$0$0$295,106
96$823,221$0$0$262,913
97$742,773$0$0$225,475
98$648,939$0$0$182,194
99$540,193$0$0$132,411
100$414,843$0$0$75,396