Can I retire at age 60 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$55,163$54,671$54,192$53,724$53,267$52,865
2 years$27,308$26,800$26,307$25,829$25,365$24,960
3 years$18,025$17,514$17,022$16,549$16,093$15,697
4 years$13,384$12,875$12,388$11,923$11,478$11,094
5 years$10,600$10,094$9,613$9,158$8,725$8,355
6 years$8,745$8,242$7,769$7,323$6,904$6,547
7 years$7,420$6,922$6,456$6,021$5,615$5,272
8 years$6,427$5,933$5,475$5,051$4,658$4,330
9 years$5,655$5,166$4,716$4,302$3,923$3,608
10 years$5,038$4,554$4,111$3,709$3,342$3,042
11 years$4,533$4,054$3,620$3,228$2,874$2,588
12 years$4,113$3,639$3,212$2,831$2,491$2,217
13 years$3,758$3,288$2,870$2,499$2,172$1,912
14 years$3,453$2,989$2,579$2,219$1,904$1,656
15 years$3,190$2,730$2,328$1,979$1,677$1,441
16 years$2,959$2,505$2,111$1,772$1,482$1,258
17 years$2,756$2,307$1,921$1,592$1,314$1,102
18 years$2,576$2,132$1,753$1,435$1,168$968
19 years$2,415$1,976$1,605$1,296$1,041$852
20 years$2,270$1,836$1,473$1,174$930$751
21 years$2,139$1,710$1,355$1,065$832$663
22 years$2,021$1,596$1,249$969$746$587
23 years$1,912$1,493$1,153$882$670$520
24 years$1,813$1,399$1,066$805$602$461
25 years$1,722$1,313$988$735$542$409
26 years$1,638$1,234$916$672$488$363
27 years$1,561$1,161$851$615$440$323
28 years$1,489$1,094$791$564$397$287
29 years$1,422$1,032$736$517$358$256
30 years$1,360$975$685$474$324$228
31 years$1,302$922$639$436$293$203
32 years$1,247$872$596$400$265$181
33 years$1,196$826$557$368$240$161
34 years$1,148$783$520$339$217$144
35 years$1,103$742$486$312$197$128
36 years$1,061$705$455$287$178$115
37 years$1,021$669$426$265$161$102
38 years$983$636$399$244$146$91
39 years$947$605$374$225$133$82
40 years$913$575$350$207$120$73
41 years$881$548$328$191$109$65
42 years$850$522$308$177$99$58
43 years$821$497$289$163$90$52
44 years$794$474$271$151$82$46
45 years$767$452$255$139$74$42
46 years$742$431$239$128$67$37
47 years$718$411$225$119$61$33
48 years$695$393$211$110$55$30
49 years$673$375$199$101$50$26
50 years$652$358$187$94$46$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $668,000, adding $6,323 every year, while hoping to spend $27,680 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: 22/50/28 Blend
59$668,000$668,000$668,000$668,000
60$742,658$707,254$696,900$752,307
61$788,958$712,458$690,795$766,520
62$839,053$716,990$683,558$779,000
63$893,300$720,786$675,121$791,755
64$952,094$723,782$665,414$804,827
65$1,015,866$725,906$654,365$818,262
66$1,085,093$727,084$641,894$832,114
67$1,160,298$727,236$627,923$846,444
68$1,242,056$726,278$612,366$861,324
69$1,331,000$724,121$595,135$876,835
70$1,427,829$720,669$576,139$893,070
71$1,533,307$715,822$555,279$910,132
72$1,648,279$709,472$532,455$928,142
73$1,773,673$701,505$507,562$947,234
74$1,910,511$691,803$480,490$967,561
75$2,059,919$680,237$451,121$989,297
76$2,223,134$666,672$419,337$1,012,635
77$2,401,519$650,964$385,011$1,037,794
78$2,596,577$632,964$348,011$1,065,021
79$2,809,958$612,509$308,200$1,094,593
80$3,043,483$589,432$265,434$1,126,820
81$3,299,155$563,550$219,562$1,162,050
82$3,579,180$534,676$170,429$1,200,674
83$3,885,989$502,608$117,871$1,243,128
84$4,222,257$467,132$61,717$1,289,899
85$4,590,930$428,025$1,788$1,341,533
86$4,995,256$385,049$0$1,398,639
87$5,438,808$337,953$0$1,480,468
88$5,925,525$286,471$0$1,570,981
89$6,459,744$230,324$0$1,670,548
90$7,046,243$169,214$0$1,780,171
91$7,690,283$102,829$0$1,900,962
92$8,397,664$30,840$0$2,034,153
93$9,174,771$0$0$2,181,108
94$10,028,640$0$0$2,369,256
95$10,967,022$0$0$2,594,801
96$11,998,456$0$0$2,842,845
97$13,132,349$0$0$3,115,665
98$14,379,066$0$0$3,415,772
99$15,750,026$0$0$3,745,934
100$17,257,808$0$0$4,109,197