Can I retire at age 60 with 664,000?

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 $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%16.3%
1 years$54,832$54,344$53,868$53,402$52,948$51,585
2 years$27,145$26,639$26,149$25,674$25,213$23,849
3 years$17,917$17,409$16,920$16,450$15,996$14,673
4 years$13,304$12,797$12,314$11,851$11,409$10,137
5 years$10,537$10,033$9,556$9,103$8,673$7,457
6 years$8,692$8,193$7,723$7,280$6,862$5,703
7 years$7,376$6,880$6,418$5,985$5,581$4,478
8 years$6,389$5,898$5,443$5,021$4,630$3,583
9 years$5,621$5,135$4,688$4,276$3,899$2,907
10 years$5,008$4,526$4,087$3,686$3,322$2,384
11 years$4,506$4,030$3,598$3,208$2,857$1,972
12 years$4,088$3,617$3,193$2,814$2,476$1,641
13 years$3,735$3,268$2,853$2,484$2,159$1,374
14 years$3,433$2,971$2,563$2,205$1,893$1,155
15 years$3,171$2,714$2,314$1,967$1,666$974
16 years$2,942$2,490$2,098$1,761$1,473$824
17 years$2,740$2,293$1,909$1,582$1,306$699
18 years$2,561$2,119$1,743$1,426$1,161$594
19 years$2,401$1,964$1,596$1,288$1,035$506
20 years$2,257$1,825$1,464$1,167$924$431
21 years$2,127$1,700$1,347$1,059$827$368
22 years$2,009$1,587$1,241$963$742$315
23 years$1,901$1,484$1,146$877$666$269
24 years$1,802$1,390$1,060$800$598$230
25 years$1,712$1,305$982$730$538$197
26 years$1,628$1,226$911$668$485$169
27 years$1,551$1,154$846$611$437$145
28 years$1,480$1,088$786$560$395$124
29 years$1,413$1,026$732$514$356$107
30 years$1,352$969$681$471$322$92
31 years$1,294$916$635$433$291$79
32 years$1,240$867$593$398$263$68
33 years$1,189$821$553$366$238$58
34 years$1,142$778$517$337$216$50
35 years$1,097$738$483$310$195$43
36 years$1,055$700$452$285$177$37
37 years$1,015$665$423$263$160$32
38 years$977$632$396$242$145$27
39 years$942$601$371$223$132$23
40 years$908$572$348$206$120$20
41 years$876$544$326$190$109$17
42 years$845$518$306$176$98$15
43 years$816$494$287$162$89$13
44 years$789$471$270$150$81$11
45 years$763$449$253$138$74$9
46 years$738$428$238$128$67$8
47 years$714$409$223$118$61$7
48 years$691$390$210$109$55$6
49 years$669$373$197$101$50$5
50 years$648$356$186$93$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $664,000, adding $3,370 every year, while hoping to spend $21,378 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: 54/23/23 Blend
59$664,000$664,000$664,000$664,000
60$735,204$700,012$689,720$770,090
61$787,449$711,567$690,080$805,995
62$844,306$722,971$689,735$842,552
63$906,224$734,195$688,639$881,900
64$973,695$745,207$686,745$924,314
65$1,047,261$755,971$684,001$970,095
66$1,127,521$766,453$680,353$1,019,577
67$1,215,129$776,611$675,747$1,073,129
68$1,310,812$786,403$670,123$1,131,158
69$1,415,363$795,786$663,421$1,194,111
70$1,529,660$804,710$655,576$1,262,483
71$1,654,669$813,123$646,521$1,336,821
72$1,791,451$820,973$636,185$1,417,726
73$1,941,177$828,199$624,496$1,505,865
74$2,105,136$834,739$611,375$1,601,970
75$2,284,746$840,528$596,743$1,706,850
76$2,481,571$845,494$580,514$1,821,399
77$2,697,331$849,563$562,601$1,946,601
78$2,933,921$852,654$542,910$2,083,544
79$3,193,430$854,682$521,346$2,233,426
80$3,478,156$855,558$497,808$2,397,570
81$3,790,633$855,186$472,190$2,577,434
82$4,133,650$853,462$444,380$2,774,629
83$4,510,280$850,280$414,266$2,990,930
84$4,923,910$845,525$381,724$3,228,295
85$5,378,267$839,074$346,631$3,488,884
86$5,877,461$830,799$308,853$3,775,080
87$6,426,016$820,563$268,254$4,089,509
88$7,028,920$808,220$224,690$4,435,070
89$7,691,664$793,617$178,012$4,814,960
90$8,420,301$776,591$128,062$5,232,702
91$9,221,497$756,970$74,678$5,692,185
92$10,102,599$734,570$17,689$6,197,694
93$11,071,699$709,199$0$6,753,958
94$12,137,714$680,652$0$7,376,773
95$13,310,469$648,712$0$8,066,623
96$14,600,788$613,150$0$8,825,550
97$16,020,598$573,725$0$9,660,591
98$17,583,041$530,179$0$10,579,505
99$19,302,595$482,242$0$11,590,843
100$21,195,216$429,628$0$12,704,028