Can I retire at age 60 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$54,998$54,508$54,030$53,563$53,108$51,972
2 years$27,227$26,719$26,228$25,752$25,289$24,150
3 years$17,971$17,461$16,971$16,499$16,045$14,938
4 years$13,344$12,836$12,351$11,887$11,443$10,378
5 years$10,568$10,064$9,585$9,130$8,699$7,678
6 years$8,719$8,218$7,746$7,302$6,883$5,907
7 years$7,398$6,901$6,437$6,003$5,598$4,667
8 years$6,408$5,916$5,459$5,036$4,644$3,758
9 years$5,638$5,151$4,702$4,289$3,911$3,070
10 years$5,023$4,540$4,099$3,697$3,332$2,535
11 years$4,520$4,042$3,609$3,218$2,866$2,111
12 years$4,101$3,628$3,203$2,823$2,483$1,770
13 years$3,746$3,278$2,861$2,492$2,166$1,492
14 years$3,443$2,980$2,571$2,212$1,898$1,264
15 years$3,180$2,722$2,321$1,973$1,672$1,075
16 years$2,951$2,498$2,105$1,766$1,477$916
17 years$2,748$2,300$1,915$1,587$1,310$783
18 years$2,569$2,125$1,748$1,430$1,165$671
19 years$2,408$1,970$1,600$1,292$1,038$576
20 years$2,264$1,830$1,469$1,170$927$495
21 years$2,133$1,705$1,351$1,062$830$427
22 years$2,015$1,592$1,245$966$744$368
23 years$1,907$1,489$1,150$880$668$317
24 years$1,808$1,395$1,063$802$600$274
25 years$1,717$1,309$985$733$540$237
26 years$1,633$1,230$913$670$486$205
27 years$1,556$1,158$848$613$439$177
28 years$1,484$1,091$788$562$396$153
29 years$1,418$1,029$734$515$357$133
30 years$1,356$972$683$473$323$115
31 years$1,298$919$637$434$292$100
32 years$1,244$869$594$399$264$86
33 years$1,193$823$555$367$239$75
34 years$1,145$780$519$338$216$65
35 years$1,100$740$485$311$196$56
36 years$1,058$702$454$286$178$49
37 years$1,018$667$425$264$161$42
38 years$980$634$398$243$146$37
39 years$944$603$372$224$132$32
40 years$911$574$349$207$120$28
41 years$878$546$327$191$109$24
42 years$848$520$307$176$99$21
43 years$819$495$288$163$90$18
44 years$791$472$270$150$81$16
45 years$765$450$254$139$74$14
46 years$740$430$239$128$67$12
47 years$716$410$224$118$61$10
48 years$693$391$211$109$55$9
49 years$671$374$198$101$50$8
50 years$650$357$186$93$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $666,000, adding $2,247 every year, while hoping to spend $21,071 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: 75/5/20 Blend
59$666,000$666,000$666,000$666,000
60$736,250$700,952$690,629$787,830
61$788,928$712,879$691,345$834,261
62$846,273$724,685$691,380$882,343
63$908,739$736,340$690,687$934,502
64$976,825$747,815$689,220$991,138
65$1,051,080$759,078$686,928$1,052,693
66$1,132,110$770,092$683,760$1,119,656
67$1,220,581$780,822$679,661$1,192,563
68$1,317,225$791,227$674,575$1,272,007
69$1,422,849$801,265$668,440$1,358,639
70$1,538,342$810,889$661,195$1,453,178
71$1,664,681$820,051$652,774$1,556,417
72$1,802,944$828,699$643,107$1,669,230
73$1,954,317$836,777$632,123$1,792,578
74$2,120,105$844,227$619,747$1,927,522
75$2,301,746$850,985$605,899$2,075,231
76$2,500,825$856,984$590,498$2,236,994
77$2,719,085$862,152$573,455$2,414,231
78$2,958,447$866,413$554,682$2,608,506
79$3,221,029$869,687$534,083$2,821,546
80$3,509,159$871,887$511,560$3,055,251
81$3,825,405$872,922$487,010$3,311,718
82$4,172,596$872,694$460,324$3,593,255
83$4,553,845$871,101$431,389$3,902,410
84$4,972,585$868,032$400,088$4,241,987
85$5,432,595$863,372$366,297$4,615,079
86$5,938,039$856,996$329,888$5,025,096
87$6,493,505$848,775$290,725$5,475,794
88$7,104,047$838,570$248,669$5,971,314
89$7,775,232$826,233$203,572$6,516,220
90$8,513,196$811,608$155,282$7,115,542
91$9,324,696$794,531$103,638$7,774,825
92$10,217,178$774,826$48,473$8,500,179
93$11,198,847$752,308$0$9,298,339
94$12,278,740$726,783$0$10,178,946
95$13,466,817$698,041$0$11,159,146
96$14,774,051$665,863$0$12,237,642
97$16,212,532$630,018$0$13,424,413
98$17,795,580$590,259$0$14,730,457
99$19,537,876$546,328$0$16,167,890
100$21,455,590$497,949$0$17,750,066