Can I retire at age 60 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$55,080$54,590$54,111$53,644$53,188$52,114
2 years$27,267$26,760$26,267$25,790$25,327$24,250
3 years$17,998$17,488$16,997$16,524$16,069$15,022
4 years$13,364$12,855$12,369$11,905$11,460$10,452
5 years$10,584$10,079$9,599$9,144$8,712$7,745
6 years$8,732$8,230$7,757$7,312$6,893$5,968
7 years$7,409$6,912$6,447$6,012$5,606$4,724
8 years$6,417$5,924$5,467$5,043$4,651$3,810
9 years$5,647$5,158$4,709$4,296$3,917$3,118
10 years$5,030$4,547$4,105$3,703$3,337$2,579
11 years$4,526$4,048$3,614$3,223$2,870$2,152
12 years$4,107$3,633$3,208$2,827$2,487$1,808
13 years$3,752$3,283$2,866$2,496$2,169$1,527
14 years$3,448$2,984$2,575$2,215$1,901$1,296
15 years$3,185$2,726$2,325$1,976$1,674$1,104
16 years$2,955$2,501$2,108$1,769$1,479$944
17 years$2,752$2,304$1,918$1,589$1,312$809
18 years$2,572$2,129$1,751$1,432$1,166$694
19 years$2,412$1,973$1,603$1,294$1,040$597
20 years$2,267$1,833$1,471$1,172$929$515
21 years$2,136$1,708$1,353$1,064$831$444
22 years$2,018$1,594$1,247$967$745$384
23 years$1,910$1,491$1,151$881$669$332
24 years$1,811$1,397$1,065$803$601$287
25 years$1,720$1,311$986$734$541$249
26 years$1,636$1,232$915$671$487$216
27 years$1,558$1,159$849$614$439$187
28 years$1,487$1,093$790$563$396$162
29 years$1,420$1,031$735$516$358$141
30 years$1,358$973$684$474$323$122
31 years$1,300$920$638$435$292$106
32 years$1,245$871$595$400$264$92
33 years$1,194$824$556$368$239$80
34 years$1,147$781$519$338$217$70
35 years$1,102$741$486$311$196$61
36 years$1,059$703$454$287$178$53
37 years$1,019$668$425$264$161$46
38 years$982$635$398$243$146$40
39 years$946$604$373$225$132$35
40 years$912$574$350$207$120$30
41 years$880$547$328$191$109$26
42 years$849$521$308$176$99$23
43 years$820$496$289$163$90$20
44 years$792$473$271$150$81$17
45 years$766$451$254$139$74$15
46 years$741$430$239$128$67$13
47 years$717$411$224$118$61$11
48 years$694$392$211$109$55$10
49 years$672$374$198$101$50$9
50 years$651$358$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 $667,000, adding $6,222 every year, while hoping to spend $43,269 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: 68/16/16 Blend
59$667,000$667,000$667,000$667,000
60$741,452$706,101$695,762$788,648
61$771,042$694,662$673,033$809,474
62$802,200$681,212$648,091$826,561
63$835,041$665,608$620,818$844,165
64$869,688$647,696$591,089$862,333
65$906,278$627,314$558,772$881,118
66$944,958$604,292$523,730$900,581
67$985,890$578,449$485,821$920,787
68$1,029,250$549,592$444,896$941,813
69$1,075,231$517,520$400,798$963,743
70$1,124,044$482,018$353,364$986,672
71$1,175,918$442,859$302,423$1,010,707
72$1,231,107$399,803$247,799$1,035,967
73$1,289,884$352,598$189,305$1,062,586
74$1,352,553$300,976$126,747$1,090,712
75$1,419,444$244,654$59,923$1,120,513
76$1,490,918$183,334$0$1,152,176
77$1,567,375$116,700$0$1,187,854
78$1,649,247$44,418$0$1,236,877
79$1,737,014$0$0$1,289,303
80$1,831,198$0$0$1,351,426
81$1,932,375$0$0$1,426,589
82$2,041,176$0$0$1,507,444
83$2,158,293$0$0$1,594,509
84$2,284,486$0$0$1,688,354
85$2,420,592$0$0$1,789,605
86$2,567,528$0$0$1,898,947
87$2,726,302$0$0$2,017,137
88$2,898,023$0$0$2,145,004
89$3,083,910$0$0$2,283,460
90$3,285,301$0$0$2,433,508
91$3,503,669$0$0$2,596,251
92$3,740,633$0$0$2,772,901
93$3,997,975$0$0$2,964,792
94$4,277,653$0$0$3,173,392
95$4,581,823$0$0$3,400,313
96$4,912,856$0$0$3,647,332
97$5,273,360$0$0$3,916,403
98$5,666,207$0$0$4,209,677
99$6,094,555$0$0$4,529,518
100$6,561,882$0$0$4,878,533