Can I retire at age 60 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$54,007$53,526$53,056$52,598$52,151$51,329
2 years$26,736$26,238$25,755$25,288$24,834$24,008
3 years$17,647$17,147$16,666$16,202$15,756$14,952
4 years$13,103$12,605$12,128$11,673$11,237$10,461
5 years$10,378$9,882$9,412$8,966$8,542$7,796
6 years$8,561$8,070$7,606$7,170$6,759$6,044
7 years$7,265$6,777$6,321$5,895$5,497$4,813
8 years$6,292$5,809$5,361$4,945$4,560$3,907
9 years$5,537$5,058$4,617$4,212$3,840$3,218
10 years$4,932$4,458$4,025$3,631$3,272$2,680
11 years$4,438$3,969$3,544$3,160$2,814$2,252
12 years$4,027$3,562$3,145$2,772$2,439$1,905
13 years$3,679$3,219$2,810$2,447$2,127$1,621
14 years$3,381$2,926$2,525$2,172$1,864$1,386
15 years$3,123$2,673$2,279$1,937$1,641$1,190
16 years$2,897$2,453$2,067$1,735$1,451$1,025
17 years$2,699$2,259$1,881$1,558$1,286$885
18 years$2,522$2,087$1,717$1,404$1,144$766
19 years$2,365$1,934$1,572$1,269$1,019$664
20 years$2,223$1,797$1,442$1,149$911$577
21 years$2,095$1,674$1,327$1,043$815$502
22 years$1,978$1,563$1,223$948$730$438
23 years$1,872$1,462$1,129$864$656$382
24 years$1,775$1,370$1,044$788$589$333
25 years$1,686$1,285$967$719$530$291
26 years$1,604$1,208$897$658$478$255
27 years$1,528$1,137$833$602$431$223
28 years$1,458$1,071$774$552$389$195
29 years$1,392$1,011$720$506$351$171
30 years$1,331$954$671$464$317$150
31 years$1,274$902$626$426$287$131
32 years$1,221$854$584$392$259$115
33 years$1,171$808$545$360$235$101
34 years$1,124$766$509$332$212$88
35 years$1,080$727$476$305$192$78
36 years$1,039$690$445$281$174$68
37 years$999$655$417$259$158$60
38 years$962$623$390$239$143$52
39 years$927$592$366$220$130$46
40 years$894$563$343$203$118$40
41 years$863$536$321$187$107$36
42 years$833$511$302$173$97$31
43 years$804$487$283$160$88$27
44 years$777$464$266$147$80$24
45 years$751$442$249$136$73$21
46 years$727$422$234$126$66$19
47 years$703$403$220$116$60$16
48 years$681$384$207$107$54$14
49 years$659$367$194$99$49$13
50 years$639$351$183$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $654,000, adding $3,630 every year, while hoping to spend $26,998 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: 59/31/10 Blend
59$654,000$654,000$654,000$654,000
60$724,452$689,790$679,653$765,285
61$769,621$694,864$673,696$798,243
62$818,492$699,282$666,634$830,796
63$871,414$702,983$658,403$865,631
64$928,771$705,903$648,933$902,970
65$990,986$707,972$638,152$943,058
66$1,058,523$709,119$625,986$986,165
67$1,131,892$709,265$612,356$1,032,590
68$1,211,654$708,328$597,179$1,082,662
69$1,298,428$706,221$580,370$1,136,747
70$1,392,893$702,852$561,837$1,195,246
71$1,495,797$698,120$541,488$1,258,605
72$1,607,963$691,924$519,223$1,327,315
73$1,730,298$684,151$494,940$1,401,917
74$1,863,798$674,684$468,530$1,483,012
75$2,009,561$663,399$439,882$1,571,260
76$2,168,795$650,164$408,876$1,667,392
77$2,342,830$634,840$375,391$1,772,216
78$2,533,131$617,279$339,299$1,886,621
79$2,741,308$597,324$300,464$2,011,592
80$2,969,139$574,810$258,746$2,148,215
81$3,218,577$549,562$214,001$2,297,688
82$3,491,776$521,394$166,073$2,461,336
83$3,791,105$490,110$114,804$2,640,618
84$4,119,175$455,503$60,028$2,837,149
85$4,478,862$417,354$1,570$3,052,708
86$4,873,333$375,431$0$3,289,261
87$5,306,074$329,488$0$3,555,465
88$5,780,929$279,268$0$3,847,825
89$6,302,128$224,497$0$4,168,836
90$6,874,333$164,885$0$4,521,434
91$7,502,679$100,128$0$4,908,859
92$8,192,822$29,904$0$5,334,683
93$8,950,993$0$0$5,802,847
94$9,784,056$0$0$6,333,433
95$10,699,573$0$0$6,927,804
96$11,705,876$0$0$7,581,173
97$12,812,142$0$0$8,299,508
98$14,028,484$0$0$9,089,382
99$15,366,042$0$0$9,958,039
100$16,837,091$0$0$10,913,457