Can I retire at age 60 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$53,842$53,362$52,894$52,437$51,991$50,838
2 years$26,654$26,158$25,677$25,210$24,758$23,602
3 years$17,593$17,094$16,615$16,152$15,707$14,585
4 years$13,063$12,566$12,091$11,637$11,203$10,122
5 years$10,346$9,852$9,383$8,938$8,516$7,481
6 years$8,535$8,045$7,583$7,148$6,738$5,749
7 years$7,242$6,756$6,302$5,877$5,480$4,537
8 years$6,273$5,791$5,344$4,930$4,546$3,650
9 years$5,520$5,042$4,603$4,199$3,829$2,977
10 years$4,917$4,445$4,013$3,620$3,262$2,455
11 years$4,425$3,957$3,533$3,150$2,806$2,042
12 years$4,014$3,551$3,135$2,763$2,431$1,710
13 years$3,668$3,209$2,801$2,439$2,120$1,440
14 years$3,371$2,917$2,517$2,165$1,858$1,218
15 years$3,113$2,665$2,272$1,931$1,636$1,034
16 years$2,889$2,445$2,060$1,729$1,446$880
17 years$2,690$2,252$1,875$1,554$1,282$752
18 years$2,515$2,081$1,711$1,400$1,140$643
19 years$2,357$1,928$1,567$1,265$1,016$551
20 years$2,216$1,792$1,438$1,146$908$473
21 years$2,088$1,669$1,323$1,040$812$407
22 years$1,972$1,558$1,219$946$728$350
23 years$1,867$1,457$1,126$861$654$302
24 years$1,770$1,365$1,041$785$587$260
25 years$1,681$1,281$964$717$529$224
26 years$1,599$1,204$894$656$476$194
27 years$1,523$1,133$830$600$429$167
28 years$1,453$1,068$772$550$387$145
29 years$1,388$1,007$718$504$350$125
30 years$1,327$951$669$463$316$108
31 years$1,270$899$624$425$286$93
32 years$1,217$851$582$391$258$81
33 years$1,168$806$543$359$234$70
34 years$1,121$764$508$331$212$61
35 years$1,077$725$475$304$192$52
36 years$1,036$688$444$280$174$45
37 years$996$653$416$258$158$39
38 years$959$621$389$238$143$34
39 years$925$590$365$219$130$29
40 years$891$562$342$202$117$26
41 years$860$535$320$187$107$22
42 years$830$509$301$172$97$19
43 years$802$485$282$159$88$17
44 years$775$462$265$147$80$14
45 years$749$441$249$136$72$12
46 years$724$421$234$125$66$11
47 years$701$401$219$116$60$9
48 years$679$383$206$107$54$8
49 years$657$366$194$99$49$7
50 years$637$350$182$91$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $652,000, adding $2,100 every year, while hoping to spend $23,786 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: 58/29/13 Blend
59$652,000$652,000$652,000$652,000
60$720,670$686,114$676,008$760,003
61$768,870$694,426$673,346$795,117
62$821,190$702,347$669,798$830,552
63$878,024$709,835$665,309$868,617
64$939,806$716,841$659,821$909,566
65$1,007,016$723,315$653,274$953,681
66$1,080,178$729,204$645,605$1,001,275
67$1,159,872$734,451$636,749$1,052,691
68$1,246,734$738,994$626,635$1,108,308
69$1,341,466$742,770$615,193$1,168,545
70$1,444,839$745,709$602,345$1,233,864
71$1,557,702$747,738$588,013$1,304,775
72$1,680,990$748,780$572,114$1,381,841
73$1,815,732$748,751$554,560$1,465,683
74$1,963,061$747,564$535,263$1,556,986
75$2,124,224$745,126$514,125$1,656,506
76$2,300,596$741,338$491,049$1,765,078
77$2,493,688$736,095$465,930$1,883,624
78$2,705,166$729,285$438,661$2,013,158
79$2,936,864$720,791$409,127$2,154,804
80$3,190,802$710,488$377,211$2,309,796
81$3,469,204$698,243$342,788$2,479,502
82$3,774,521$683,915$305,730$2,665,426
83$4,109,452$667,356$265,901$2,869,231
84$4,476,968$648,409$223,161$3,092,749
85$4,880,344$626,906$177,362$3,338,002
86$5,323,186$602,672$128,351$3,607,222
87$5,809,468$575,519$75,967$3,902,870
88$6,343,564$545,250$20,042$4,227,660
89$6,930,296$511,656$0$4,584,586
90$7,574,975$474,516$0$4,982,450
91$8,283,452$433,596$0$5,422,721
92$9,062,172$388,650$0$5,906,661
93$9,918,236$339,417$0$6,438,727
94$10,859,469$285,621$0$7,023,838
95$11,894,488$226,970$0$7,667,413
96$13,032,791$163,156$0$8,375,429
97$14,284,841$93,856$0$9,154,473
98$15,662,164$18,725$0$10,011,810
99$17,177,464$0$0$10,955,447
100$18,844,733$0$0$12,014,189