Can I retire at age 60 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$54,750$54,262$53,786$53,322$52,869$52,513
2 years$27,104$26,599$26,110$25,636$25,176$24,817
3 years$17,890$17,383$16,895$16,425$15,972$15,622
4 years$13,284$12,778$12,295$11,833$11,392$11,052
5 years$10,521$10,018$9,542$9,089$8,660$8,332
6 years$8,679$8,181$7,711$7,269$6,852$6,537
7 years$7,365$6,870$6,408$5,976$5,573$5,269
8 years$6,379$5,889$5,434$5,013$4,623$4,332
9 years$5,613$5,127$4,681$4,270$3,893$3,615
10 years$5,000$4,520$4,081$3,681$3,317$3,051
11 years$4,499$4,023$3,593$3,203$2,853$2,598
12 years$4,082$3,611$3,188$2,810$2,472$2,230
13 years$3,729$3,264$2,849$2,481$2,156$1,925
14 years$3,427$2,966$2,559$2,202$1,890$1,670
15 years$3,166$2,710$2,311$1,964$1,664$1,455
16 years$2,937$2,486$2,095$1,758$1,471$1,272
17 years$2,736$2,290$1,906$1,580$1,304$1,115
18 years$2,557$2,116$1,740$1,424$1,159$981
19 years$2,397$1,961$1,593$1,287$1,033$864
20 years$2,253$1,822$1,462$1,165$923$763
21 years$2,123$1,697$1,345$1,057$826$675
22 years$2,006$1,584$1,240$962$740$598
23 years$1,898$1,482$1,144$876$665$531
24 years$1,800$1,388$1,058$799$597$471
25 years$1,709$1,303$980$729$538$419
26 years$1,626$1,225$909$667$484$373
27 years$1,549$1,152$844$610$437$332
28 years$1,478$1,086$785$559$394$296
29 years$1,411$1,024$730$513$356$264
30 years$1,350$968$680$471$321$235
31 years$1,292$915$634$432$291$210
32 years$1,238$865$592$397$263$187
33 years$1,187$820$553$365$238$167
34 years$1,140$777$516$336$215$150
35 years$1,095$737$483$309$195$134
36 years$1,053$699$452$285$177$119
37 years$1,013$664$423$263$160$107
38 years$976$631$396$242$145$96
39 years$940$600$371$223$132$85
40 years$906$571$348$206$119$76
41 years$874$544$326$190$108$68
42 years$844$518$306$175$98$61
43 years$815$493$287$162$89$55
44 years$788$470$269$149$81$49
45 years$762$448$253$138$74$44
46 years$737$428$237$127$67$39
47 years$713$408$223$118$61$35
48 years$690$390$210$109$55$32
49 years$668$372$197$101$50$28
50 years$647$355$185$93$45$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $663,000, adding $2,842 every year, while hoping to spend $41,974 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: 24/49/27 Blend
59$663,000$663,000$663,000$663,000
60$733,558$698,419$688,142$744,859
61$763,720$687,981$666,535$744,181
62$795,553$675,625$642,797$739,706
63$829,182$661,213$616,813$734,024
64$864,743$644,598$588,461$727,064
65$902,389$625,624$557,616$718,750
66$942,281$604,129$524,145$709,003
67$984,599$579,937$487,910$697,744
68$1,029,540$552,865$448,766$684,889
69$1,077,317$522,719$406,563$670,354
70$1,128,164$489,293$361,144$654,050
71$1,182,337$452,369$312,343$635,888
72$1,240,118$411,718$259,989$615,776
73$1,301,814$367,096$203,902$593,621
74$1,367,762$318,246$143,896$569,326
75$1,438,331$264,898$79,774$542,797
76$1,513,926$206,763$11,332$513,935
77$1,594,992$143,540$0$482,644
78$1,682,016$74,909$0$466,603
79$1,775,533$531$0$452,577
80$1,876,130$0$0$437,270
81$1,984,453$0$0$463,768
82$2,101,208$0$0$492,724
83$2,227,174$0$0$524,054
84$2,363,205$0$0$557,985
85$2,510,241$0$0$594,761
86$2,669,312$0$0$634,654
87$2,841,555$0$0$677,962
88$3,028,215$0$0$725,013
89$3,230,665$0$0$776,166
90$3,450,412$0$0$831,819
91$3,689,115$0$0$892,408
92$3,948,599$0$0$958,412
93$4,230,870$0$0$1,030,361
94$4,538,138$0$0$1,108,836
95$4,872,833$0$0$1,194,477
96$5,237,628$0$0$1,287,987
97$5,635,468$0$0$1,390,144
98$6,069,590$0$0$1,501,801
99$6,543,560$0$0$1,623,897
100$7,061,304$0$0$1,757,467