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%17.5%
1 years$55,163$54,671$54,192$53,724$53,267$51,645
2 years$27,308$26,800$26,307$25,829$25,365$23,745
3 years$18,025$17,514$17,022$16,549$16,093$14,525
4 years$13,384$12,875$12,388$11,923$11,478$9,974
5 years$10,600$10,094$9,613$9,158$8,725$7,290
6 years$8,745$8,242$7,769$7,323$6,904$5,539
7 years$7,420$6,922$6,456$6,021$5,615$4,320
8 years$6,427$5,933$5,475$5,051$4,658$3,432
9 years$5,655$5,166$4,716$4,302$3,923$2,765
10 years$5,038$4,554$4,111$3,709$3,342$2,250
11 years$4,533$4,054$3,620$3,228$2,874$1,847
12 years$4,113$3,639$3,212$2,831$2,491$1,525
13 years$3,758$3,288$2,870$2,499$2,172$1,266
14 years$3,453$2,989$2,579$2,219$1,904$1,056
15 years$3,190$2,730$2,328$1,979$1,677$883
16 years$2,959$2,505$2,111$1,772$1,482$741
17 years$2,756$2,307$1,921$1,592$1,314$623
18 years$2,576$2,132$1,753$1,435$1,168$525
19 years$2,415$1,976$1,605$1,296$1,041$443
20 years$2,270$1,836$1,473$1,174$930$374
21 years$2,139$1,710$1,355$1,065$832$316
22 years$2,021$1,596$1,249$969$746$268
23 years$1,912$1,493$1,153$882$670$227
24 years$1,813$1,399$1,066$805$602$192
25 years$1,722$1,313$988$735$542$163
26 years$1,638$1,234$916$672$488$139
27 years$1,561$1,161$851$615$440$118
28 years$1,489$1,094$791$564$397$100
29 years$1,422$1,032$736$517$358$85
30 years$1,360$975$685$474$324$72
31 years$1,302$922$639$436$293$61
32 years$1,247$872$596$400$265$52
33 years$1,196$826$557$368$240$44
34 years$1,148$783$520$339$217$38
35 years$1,103$742$486$312$197$32
36 years$1,061$705$455$287$178$27
37 years$1,021$669$426$265$161$23
38 years$983$636$399$244$146$20
39 years$947$605$374$225$133$17
40 years$913$575$350$207$120$14
41 years$881$548$328$191$109$12
42 years$850$522$308$177$99$10
43 years$821$497$289$163$90$9
44 years$794$474$271$151$82$7
45 years$767$452$255$139$74$6
46 years$742$431$239$128$67$5
47 years$718$411$225$119$61$5
48 years$695$393$211$110$55$4
49 years$673$375$199$101$50$3
50 years$652$358$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $668,000, adding $3,456 every year, while hoping to spend $49,744 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: 53/42/5 Blend
59$668,000$668,000$668,000$668,000
60$739,701$704,297$693,943$777,916
61$762,223$685,880$664,263$785,734
62$785,375$664,894$631,921$788,466
63$809,170$641,160$596,776$790,222
64$833,617$614,488$558,680$790,916
65$858,728$584,680$517,478$790,460
66$884,513$551,524$473,008$788,759
67$910,981$514,797$425,102$785,709
68$938,141$474,262$373,583$781,204
69$965,999$429,669$318,266$775,128
70$994,563$380,754$258,959$767,359
71$1,023,836$327,239$195,462$757,765
72$1,053,821$268,827$127,564$746,208
73$1,084,520$205,209$55,047$732,541
74$1,115,931$136,055$0$716,605
75$1,148,051$61,016$0$699,427
76$1,180,874$0$0$682,846
77$1,214,390$0$0$673,117
78$1,248,586$0$0$691,951
79$1,283,445$0$0$711,136
80$1,318,946$0$0$730,659
81$1,355,063$0$0$750,503
82$1,391,764$0$0$770,649
83$1,429,010$0$0$791,073
84$1,466,757$0$0$811,748
85$1,504,952$0$0$832,641
86$1,543,534$0$0$853,715
87$1,582,430$0$0$874,927
88$1,621,560$0$0$896,228
89$1,660,829$0$0$917,562
90$1,700,131$0$0$938,864
91$1,739,343$0$0$960,061
92$1,778,328$0$0$981,072
93$1,816,929$0$0$1,001,804
94$1,854,968$0$0$1,022,150
95$1,892,249$0$0$1,041,995
96$1,928,546$0$0$1,061,204
97$1,963,610$0$0$1,079,630
98$1,997,157$0$0$1,097,106
99$2,028,875$0$0$1,113,446
100$2,058,409$0$0$1,128,443