Can I retire at age 60 with 652,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.1%
1 years$53,842$53,362$52,894$52,437$51,991$50,900
2 years$26,654$26,158$25,677$25,210$24,758$23,663
3 years$17,593$17,094$16,615$16,152$15,707$14,644
4 years$13,063$12,566$12,091$11,637$11,203$10,179
5 years$10,346$9,852$9,383$8,938$8,516$7,534
6 years$8,535$8,045$7,583$7,148$6,738$5,800
7 years$7,242$6,756$6,302$5,877$5,480$4,585
8 years$6,273$5,791$5,344$4,930$4,546$3,694
9 years$5,520$5,042$4,603$4,199$3,829$3,019
10 years$4,917$4,445$4,013$3,620$3,262$2,495
11 years$4,425$3,957$3,533$3,150$2,806$2,079
12 years$4,014$3,551$3,135$2,763$2,431$1,744
13 years$3,668$3,209$2,801$2,439$2,120$1,472
14 years$3,371$2,917$2,517$2,165$1,858$1,247
15 years$3,113$2,665$2,272$1,931$1,636$1,061
16 years$2,889$2,445$2,060$1,729$1,446$905
17 years$2,690$2,252$1,875$1,554$1,282$775
18 years$2,515$2,081$1,711$1,400$1,140$664
19 years$2,357$1,928$1,567$1,265$1,016$571
20 years$2,216$1,792$1,438$1,146$908$491
21 years$2,088$1,669$1,323$1,040$812$423
22 years$1,972$1,558$1,219$946$728$365
23 years$1,867$1,457$1,126$861$654$315
24 years$1,770$1,365$1,041$785$587$272
25 years$1,681$1,281$964$717$529$235
26 years$1,599$1,204$894$656$476$204
27 years$1,523$1,133$830$600$429$176
28 years$1,453$1,068$772$550$387$153
29 years$1,388$1,007$718$504$350$132
30 years$1,327$951$669$463$316$115
31 years$1,270$899$624$425$286$100
32 years$1,217$851$582$391$258$86
33 years$1,168$806$543$359$234$75
34 years$1,121$764$508$331$212$65
35 years$1,077$725$475$304$192$56
36 years$1,036$688$444$280$174$49
37 years$996$653$416$258$158$42
38 years$959$621$389$238$143$37
39 years$925$590$365$219$130$32
40 years$891$562$342$202$117$28
41 years$860$535$320$187$107$24
42 years$830$509$301$172$97$21
43 years$802$485$282$159$88$18
44 years$775$462$265$147$80$16
45 years$749$441$249$136$72$14
46 years$724$421$234$125$66$12
47 years$701$401$219$116$60$10
48 years$679$383$206$107$54$9
49 years$657$366$194$99$49$8
50 years$637$350$182$91$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $652,000, adding $2,155 every year, while hoping to spend $31,028 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: 71/22/7 Blend
59$652,000$652,000$652,000$652,000
60$720,727$686,171$676,065$770,985
61$761,227$686,780$665,700$805,079
62$804,819$686,378$653,947$838,332
63$851,785$684,885$640,728$873,869
64$902,434$682,212$625,960$911,908
65$957,108$678,266$609,555$952,686
66$1,016,182$672,950$591,424$996,469
67$1,080,067$666,159$571,471$1,043,547
68$1,149,216$657,782$549,597$1,094,242
69$1,224,125$647,703$525,699$1,148,908
70$1,305,343$635,798$499,667$1,207,938
71$1,393,470$621,934$471,388$1,271,762
72$1,489,168$605,973$440,743$1,340,859
73$1,593,165$587,767$407,609$1,415,755
74$1,706,260$567,160$371,857$1,497,030
75$1,829,335$543,987$333,350$1,585,326
76$1,963,358$518,073$291,948$1,681,350
77$2,109,396$489,234$247,504$1,785,883
78$2,268,621$457,273$199,862$1,899,788
79$2,442,325$421,984$148,862$2,024,014
80$2,631,930$383,149$94,337$2,159,613
81$2,839,000$340,536$36,110$2,307,743
82$3,065,257$293,902$0$2,469,681
83$3,312,598$242,988$0$2,648,781
84$3,583,110$187,521$0$2,847,662
85$3,879,092$127,215$0$3,065,355
86$4,203,075$61,764$0$3,303,770
87$4,557,846$0$0$3,565,014
88$4,946,475$0$0$3,853,626
89$5,372,342$0$0$4,186,310
90$5,839,169$0$0$4,551,025
91$6,351,056$0$0$4,950,980
92$6,912,518$0$0$5,389,705
93$7,528,530$0$0$5,871,093
94$8,204,569$0$0$6,399,430
95$8,946,671$0$0$6,979,435
96$9,761,481$0$0$7,616,310
97$10,656,323$0$0$8,315,782
98$11,639,264$0$0$9,084,163
99$12,719,187$0$0$9,928,404
100$13,905,884$0$0$10,856,164