Can I retire at age 60 with 654,000?

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 $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%11.5%
1 years$54,007$53,526$53,056$52,598$52,151$51,822
2 years$26,736$26,238$25,755$25,288$24,834$24,502
3 years$17,647$17,147$16,666$16,202$15,756$15,431
4 years$13,103$12,605$12,128$11,673$11,237$10,923
5 years$10,378$9,882$9,412$8,966$8,542$8,239
6 years$8,561$8,070$7,606$7,170$6,759$6,467
7 years$7,265$6,777$6,321$5,895$5,497$5,216
8 years$6,292$5,809$5,361$4,945$4,560$4,291
9 years$5,537$5,058$4,617$4,212$3,840$3,582
10 years$4,932$4,458$4,025$3,631$3,272$3,025
11 years$4,438$3,969$3,544$3,160$2,814$2,578
12 years$4,027$3,562$3,145$2,772$2,439$2,214
13 years$3,679$3,219$2,810$2,447$2,127$1,912
14 years$3,381$2,926$2,525$2,172$1,864$1,660
15 years$3,123$2,673$2,279$1,937$1,641$1,447
16 years$2,897$2,453$2,067$1,735$1,451$1,266
17 years$2,699$2,259$1,881$1,558$1,286$1,111
18 years$2,522$2,087$1,717$1,404$1,144$978
19 years$2,365$1,934$1,572$1,269$1,019$862
20 years$2,223$1,797$1,442$1,149$911$762
21 years$2,095$1,674$1,327$1,043$815$675
22 years$1,978$1,563$1,223$948$730$598
23 years$1,872$1,462$1,129$864$656$531
24 years$1,775$1,370$1,044$788$589$472
25 years$1,686$1,285$967$719$530$420
26 years$1,604$1,208$897$658$478$374
27 years$1,528$1,137$833$602$431$333
28 years$1,458$1,071$774$552$389$297
29 years$1,392$1,011$720$506$351$265
30 years$1,331$954$671$464$317$237
31 years$1,274$902$626$426$287$211
32 years$1,221$854$584$392$259$189
33 years$1,171$808$545$360$235$169
34 years$1,124$766$509$332$212$151
35 years$1,080$727$476$305$192$135
36 years$1,039$690$445$281$174$121
37 years$999$655$417$259$158$108
38 years$962$623$390$239$143$97
39 years$927$592$366$220$130$87
40 years$894$563$343$203$118$78
41 years$863$536$321$187$107$69
42 years$833$511$302$173$97$62
43 years$804$487$283$160$88$56
44 years$777$464$266$147$80$50
45 years$751$442$249$136$73$45
46 years$727$422$234$126$66$40
47 years$703$403$220$116$60$36
48 years$681$384$207$107$54$32
49 years$659$367$194$99$49$29
50 years$639$351$183$92$45$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $654,000, adding $5,574 every year, while hoping to spend $52,568 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: 63/24/13 Blend
59$654,000$654,000$654,000$654,000
60$726,458$691,796$681,659$769,639
61$744,624$669,762$648,562$777,215
62$762,882$644,886$612,595$778,937
63$781,185$616,974$573,606$779,525
64$799,480$585,820$531,436$778,868
65$817,708$551,206$485,920$776,848
66$835,800$512,901$436,884$773,338
67$853,680$470,662$384,148$768,197
68$871,262$424,231$327,524$761,277
69$888,448$373,336$266,813$752,414
70$905,129$317,689$201,811$741,434
71$921,183$256,986$132,302$728,145
72$936,471$190,906$58,062$712,341
73$950,841$119,110$0$693,799
74$964,120$41,239$0$675,214
75$976,117$0$0$662,171
76$986,617$0$0$657,739
77$995,383$0$0$662,967
78$1,002,150$0$0$666,780
79$1,006,622$0$0$668,972
80$1,008,470$0$0$669,314
81$1,007,332$0$0$667,552
82$1,002,801$0$0$663,405
83$994,428$0$0$656,559
84$981,716$0$0$646,668
85$964,112$0$0$633,347
86$941,003$0$0$616,170
87$911,712$0$0$594,664
88$875,487$0$0$568,308
89$831,496$0$0$536,522
90$778,820$0$0$498,668
91$716,440$0$0$454,036
92$643,230$0$0$401,843
93$557,944$0$0$341,223
94$459,206$0$0$271,220
95$345,493$0$0$190,775
96$215,125$0$0$98,720
97$66,242$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0