Can I retire at age 60 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$54,915$54,426$53,949$53,483$53,028$52,716
2 years$27,186$26,679$26,189$25,713$25,251$24,937
3 years$17,944$17,435$16,946$16,475$16,021$15,713
4 years$13,324$12,817$12,332$11,869$11,426$11,127
5 years$10,552$10,049$9,570$9,117$8,686$8,398
6 years$8,705$8,205$7,734$7,291$6,873$6,595
7 years$7,387$6,891$6,427$5,994$5,589$5,322
8 years$6,398$5,907$5,451$5,028$4,637$4,381
9 years$5,630$5,143$4,695$4,283$3,905$3,659
10 years$5,015$4,533$4,093$3,692$3,327$3,092
11 years$4,513$4,036$3,603$3,213$2,862$2,637
12 years$4,094$3,622$3,198$2,818$2,480$2,265
13 years$3,741$3,273$2,857$2,488$2,162$1,958
14 years$3,438$2,975$2,567$2,209$1,896$1,701
15 years$3,175$2,718$2,318$1,970$1,669$1,484
16 years$2,946$2,494$2,101$1,764$1,475$1,299
17 years$2,744$2,297$1,912$1,585$1,308$1,141
18 years$2,565$2,122$1,746$1,428$1,163$1,005
19 years$2,404$1,967$1,598$1,290$1,037$887
20 years$2,260$1,828$1,467$1,169$926$784
21 years$2,130$1,702$1,349$1,061$829$695
22 years$2,012$1,589$1,243$964$743$616
23 years$1,904$1,486$1,148$878$667$547
24 years$1,805$1,393$1,062$801$599$487
25 years$1,714$1,307$983$732$539$433
26 years$1,631$1,228$912$669$486$386
27 years$1,554$1,156$847$612$438$344
28 years$1,482$1,089$787$561$395$307
29 years$1,416$1,028$733$514$357$275
30 years$1,354$970$682$472$322$245
31 years$1,296$917$636$434$291$219
32 years$1,242$868$594$398$264$196
33 years$1,191$822$554$366$239$175
34 years$1,143$779$518$337$216$157
35 years$1,098$739$484$310$196$141
36 years$1,056$701$453$286$177$126
37 years$1,016$666$424$263$161$113
38 years$979$633$397$243$146$101
39 years$943$602$372$224$132$91
40 years$909$573$349$206$120$81
41 years$877$545$327$190$109$73
42 years$847$519$307$176$99$65
43 years$818$495$288$162$90$58
44 years$790$472$270$150$81$52
45 years$764$450$254$138$74$47
46 years$739$429$238$128$67$42
47 years$715$409$224$118$61$38
48 years$692$391$210$109$55$34
49 years$670$373$198$101$50$30
50 years$649$357$186$93$46$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $665,000, adding $4,875 every year, while hoping to spend $56,570 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: 75/17/8 Blend
59$665,000$665,000$665,000$665,000
60$737,859$702,614$692,306$791,937
61$752,930$676,852$655,308$802,448
62$767,643$647,931$615,175$806,298
63$781,901$615,638$571,742$808,904
64$795,596$579,745$524,836$810,120
65$808,606$540,013$474,278$809,790
66$820,798$496,187$419,880$807,741
67$832,019$448,000$361,446$803,784
68$842,101$395,168$298,770$797,713
69$850,855$337,392$231,639$789,301
70$858,073$274,354$159,829$778,301
71$863,520$205,721$83,107$764,440
72$866,938$131,140$1,230$747,421
73$868,037$50,237$0$726,918
74$866,498$0$0$709,929
75$861,964$0$0$696,292
76$854,040$0$0$689,235
77$842,290$0$0$679,000
78$826,226$0$0$665,183
79$805,312$0$0$647,340
80$778,952$0$0$624,978
81$746,484$0$0$597,551
82$707,180$0$0$564,454
83$660,230$0$0$525,019
84$604,739$0$0$478,506
85$539,720$0$0$424,096
86$464,078$0$0$360,885
87$376,603$0$0$287,872
88$275,959$0$0$203,954
89$160,669$0$0$107,907
90$29,101$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0