Can I retire at age 60 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$53,759$53,280$52,813$52,357$51,912$51,520
2 years$26,613$26,118$25,637$25,172$24,720$24,325
3 years$17,566$17,068$16,589$16,128$15,683$15,297
4 years$13,043$12,547$12,073$11,619$11,185$10,811
5 years$10,330$9,837$9,369$8,925$8,503$8,142
6 years$8,522$8,033$7,571$7,137$6,728$6,381
7 years$7,231$6,746$6,292$5,868$5,472$5,138
8 years$6,263$5,782$5,336$4,922$4,539$4,219
9 years$5,511$5,035$4,596$4,193$3,823$3,516
10 years$4,910$4,438$4,007$3,614$3,257$2,964
11 years$4,418$3,951$3,528$3,145$2,801$2,522
12 years$4,008$3,546$3,131$2,759$2,428$2,161
13 years$3,662$3,204$2,797$2,436$2,117$1,863
14 years$3,365$2,913$2,513$2,162$1,856$1,614
15 years$3,109$2,661$2,269$1,928$1,634$1,404
16 years$2,884$2,441$2,057$1,727$1,444$1,226
17 years$2,686$2,248$1,872$1,551$1,280$1,074
18 years$2,511$2,078$1,709$1,398$1,138$943
19 years$2,354$1,925$1,564$1,263$1,015$830
20 years$2,213$1,789$1,436$1,144$906$732
21 years$2,085$1,667$1,321$1,038$811$646
22 years$1,969$1,556$1,217$944$727$572
23 years$1,864$1,455$1,124$860$653$506
24 years$1,767$1,363$1,039$784$587$449
25 years$1,678$1,279$963$716$528$398
26 years$1,597$1,202$893$655$475$354
27 years$1,521$1,132$829$599$429$315
28 years$1,451$1,066$771$549$387$280
29 years$1,386$1,006$717$504$349$249
30 years$1,325$950$668$462$316$222
31 years$1,269$898$623$424$285$198
32 years$1,216$850$581$390$258$176
33 years$1,166$805$543$359$234$157
34 years$1,119$763$507$330$211$140
35 years$1,075$723$474$304$192$125
36 years$1,034$687$443$280$174$112
37 years$995$652$415$258$157$100
38 years$958$620$389$238$143$89
39 years$923$589$364$219$129$79
40 years$890$561$341$202$117$71
41 years$859$534$320$186$106$63
42 years$829$508$300$172$97$57
43 years$800$484$282$159$88$51
44 years$773$462$264$147$80$45
45 years$748$440$248$135$72$40
46 years$723$420$233$125$66$36
47 years$700$401$219$116$60$32
48 years$677$383$206$107$54$29
49 years$656$365$193$99$49$26
50 years$636$349$182$91$45$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $651,000, adding $4,866 every year, while hoping to spend $42,869 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: 81/8/11 Blend
59$651,000$651,000$651,000$651,000
60$722,421$687,918$677,828$779,184
61$750,496$676,014$654,923$805,209
62$779,997$662,090$629,814$827,649
63$811,026$646,001$602,381$851,011
64$843,691$627,595$572,501$875,365
65$878,111$606,711$540,043$900,788
66$914,415$583,176$504,871$927,367
67$952,744$556,811$466,843$955,196
68$993,252$527,423$425,811$984,379
69$1,036,107$494,809$381,619$1,015,033
70$1,081,491$458,757$334,105$1,047,283
71$1,129,606$419,038$283,100$1,081,270
72$1,180,669$375,414$228,426$1,117,151
73$1,234,919$327,632$169,901$1,155,095
74$1,292,619$275,423$107,330$1,195,291
75$1,354,053$218,506$40,513$1,237,950
76$1,419,536$156,582$0$1,283,302
77$1,489,410$89,336$0$1,335,216
78$1,564,051$16,435$0$1,395,669
79$1,643,871$0$0$1,460,240
80$1,729,322$0$0$1,534,799
81$1,820,900$0$0$1,616,264
82$1,919,146$0$0$1,703,674
83$2,024,658$0$0$1,797,560
84$2,138,089$0$0$1,898,505
85$2,260,158$0$0$2,007,152
86$2,391,654$0$0$2,124,203
87$2,533,442$0$0$2,250,431
88$2,686,475$0$0$2,386,686
89$2,851,798$0$0$2,533,900
90$3,030,559$0$0$2,693,098
91$3,224,023$0$0$2,865,408
92$3,433,577$0$0$3,052,069
93$3,660,747$0$0$3,254,442
94$3,907,212$0$0$3,474,026
95$4,174,819$0$0$3,712,468
96$4,465,597$0$0$3,971,580
97$4,781,781$0$0$4,253,355
98$5,125,827$0$0$4,559,986
99$5,500,439$0$0$4,893,886
100$5,908,593$0$0$5,257,711