Can I retire at age 60 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$54,832$54,344$53,868$53,402$52,948$52,505
2 years$27,145$26,639$26,149$25,674$25,213$24,766
3 years$17,917$17,409$16,920$16,450$15,996$15,560
4 years$13,304$12,797$12,314$11,851$11,409$10,986
5 years$10,537$10,033$9,556$9,103$8,673$8,265
6 years$8,692$8,193$7,723$7,280$6,862$6,470
7 years$7,376$6,880$6,418$5,985$5,581$5,204
8 years$6,389$5,898$5,443$5,021$4,630$4,269
9 years$5,621$5,135$4,688$4,276$3,899$3,553
10 years$5,008$4,526$4,087$3,686$3,322$2,992
11 years$4,506$4,030$3,598$3,208$2,857$2,542
12 years$4,088$3,617$3,193$2,814$2,476$2,176
13 years$3,735$3,268$2,853$2,484$2,159$1,873
14 years$3,433$2,971$2,563$2,205$1,893$1,621
15 years$3,171$2,714$2,314$1,967$1,666$1,408
16 years$2,942$2,490$2,098$1,761$1,473$1,228
17 years$2,740$2,293$1,909$1,582$1,306$1,074
18 years$2,561$2,119$1,743$1,426$1,161$942
19 years$2,401$1,964$1,596$1,288$1,035$828
20 years$2,257$1,825$1,464$1,167$924$729
21 years$2,127$1,700$1,347$1,059$827$643
22 years$2,009$1,587$1,241$963$742$568
23 years$1,901$1,484$1,146$877$666$502
24 years$1,802$1,390$1,060$800$598$444
25 years$1,712$1,305$982$730$538$394
26 years$1,628$1,226$911$668$485$349
27 years$1,551$1,154$846$611$437$310
28 years$1,480$1,088$786$560$395$275
29 years$1,413$1,026$732$514$356$245
30 years$1,352$969$681$471$322$218
31 years$1,294$916$635$433$291$194
32 years$1,240$867$593$398$263$172
33 years$1,189$821$553$366$238$153
34 years$1,142$778$517$337$216$137
35 years$1,097$738$483$310$195$122
36 years$1,055$700$452$285$177$108
37 years$1,015$665$423$263$160$97
38 years$977$632$396$242$145$86
39 years$942$601$371$223$132$77
40 years$908$572$348$206$120$68
41 years$876$544$326$190$109$61
42 years$845$518$306$176$98$54
43 years$816$494$287$162$89$49
44 years$789$471$270$150$81$43
45 years$763$449$253$138$74$39
46 years$738$428$238$128$67$34
47 years$714$409$223$118$61$31
48 years$691$390$210$109$55$27
49 years$669$373$197$101$50$25
50 years$648$356$186$93$45$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $664,000, adding $4,924 every year, while hoping to spend $43,587 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: 32/50/18 Blend
59$664,000$664,000$664,000$664,000
60$736,807$701,615$691,323$756,111
61$765,585$689,618$668,106$758,898
62$795,838$675,572$642,651$757,556
63$827,669$659,331$614,836$755,183
64$861,193$640,740$584,534$751,716
65$896,533$619,635$551,615$747,085
66$933,824$595,842$515,938$741,224
67$973,213$569,177$477,361$734,059
68$1,014,860$539,445$435,732$725,518
69$1,058,940$506,442$390,893$715,526
70$1,105,644$469,950$342,679$704,004
71$1,155,180$429,738$290,920$690,875
72$1,207,777$385,564$235,434$676,057
73$1,263,684$337,170$176,035$659,469
74$1,323,174$284,286$112,526$641,029
75$1,386,545$226,623$44,704$620,654
76$1,454,126$163,881$0$598,260
77$1,526,273$95,738$0$579,081
78$1,603,380$21,856$0$567,226
79$1,685,877$0$0$554,066
80$1,774,236$0$0$571,547
81$1,868,974$0$0$603,250
82$1,970,658$0$0$637,350
83$2,079,913$0$0$674,063
84$2,197,421$0$0$713,631
85$2,323,934$0$0$756,314
86$2,460,276$0$0$802,403
87$2,607,353$0$0$852,215
88$2,766,159$0$0$906,098
89$2,937,790$0$0$964,437
90$3,123,444$0$0$1,027,653
91$3,324,445$0$0$1,096,209
92$3,542,244$0$0$1,170,616
93$3,778,438$0$0$1,251,433
94$4,034,782$0$0$1,339,279
95$4,313,207$0$0$1,434,832
96$4,615,839$0$0$1,538,837
97$4,945,014$0$0$1,652,117
98$5,303,304$0$0$1,775,576
99$5,693,536$0$0$1,910,208
100$6,118,825$0$0$2,057,109