Can I retire at age 60 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$55,245$54,753$54,273$53,805$53,347$51,251
2 years$27,349$26,840$26,346$25,868$25,403$23,317
3 years$18,052$17,540$17,048$16,574$16,117$14,106
4 years$13,404$12,894$12,406$11,940$11,495$9,575
5 years$10,616$10,109$9,628$9,171$8,738$6,914
6 years$8,758$8,255$7,781$7,334$6,914$5,187
7 years$7,431$6,932$6,466$6,030$5,623$3,993
8 years$6,437$5,942$5,484$5,058$4,665$3,129
9 years$5,664$5,174$4,723$4,309$3,929$2,485
10 years$5,045$4,560$4,118$3,714$3,347$1,994
11 years$4,540$4,060$3,625$3,232$2,879$1,612
12 years$4,119$3,644$3,217$2,835$2,495$1,311
13 years$3,763$3,293$2,874$2,503$2,175$1,072
14 years$3,458$2,993$2,583$2,222$1,907$879
15 years$3,195$2,734$2,332$1,982$1,679$723
16 years$2,964$2,509$2,114$1,774$1,484$597
17 years$2,761$2,311$1,924$1,594$1,316$493
18 years$2,580$2,135$1,756$1,437$1,170$409
19 years$2,419$1,979$1,608$1,298$1,043$339
20 years$2,274$1,839$1,475$1,176$931$281
21 years$2,143$1,713$1,357$1,067$834$234
22 years$2,024$1,599$1,251$970$747$194
23 years$1,915$1,495$1,155$884$671$162
24 years$1,816$1,401$1,068$806$603$135
25 years$1,725$1,315$989$736$542$112
26 years$1,641$1,236$917$673$489$93
27 years$1,563$1,163$852$616$441$78
28 years$1,491$1,096$792$564$397$65
29 years$1,424$1,034$737$518$359$54
30 years$1,362$976$686$475$324$45
31 years$1,304$923$640$436$293$38
32 years$1,249$873$597$401$265$31
33 years$1,198$827$558$369$240$26
34 years$1,150$784$521$339$217$22
35 years$1,105$743$487$312$197$18
36 years$1,063$706$456$288$178$15
37 years$1,022$670$426$265$162$13
38 years$985$637$399$244$147$11
39 years$949$606$374$225$133$9
40 years$915$576$351$208$121$7
41 years$882$548$329$192$109$6
42 years$852$522$308$177$99$5
43 years$823$498$289$163$90$4
44 years$795$474$272$151$82$4
45 years$768$452$255$139$74$3
46 years$743$432$240$129$67$2
47 years$719$412$225$119$61$2
48 years$696$393$212$110$56$2
49 years$674$375$199$101$50$1
50 years$653$359$187$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $669,000, adding $3,134 every year, while hoping to spend $47,772 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: 57/19/24 Blend
59$669,000$669,000$669,000$669,000
60$740,471$705,014$694,644$777,691
61$765,170$688,730$667,086$787,206
62$790,787$670,048$637,003$792,232
63$817,365$648,799$604,261$796,695
64$844,951$624,804$568,718$800,554
65$873,594$597,877$530,228$803,764
66$903,345$567,818$488,635$806,281
67$934,262$534,417$443,780$808,059
68$966,403$497,450$395,493$809,049
69$999,834$456,682$343,600$809,201
70$1,034,622$411,865$287,915$808,463
71$1,070,842$362,735$228,249$806,783
72$1,108,573$309,014$164,401$804,104
73$1,147,901$250,409$96,162$800,371
74$1,188,917$186,609$23,313$795,525
75$1,231,721$117,287$0$789,507
76$1,276,419$42,097$0$796,194
77$1,323,126$0$0$808,865
78$1,371,968$0$0$829,765
79$1,423,079$0$0$860,861
80$1,476,606$0$0$893,442
81$1,532,705$0$0$927,608
82$1,591,550$0$0$963,463
83$1,653,326$0$0$1,001,125
84$1,718,235$0$0$1,040,719
85$1,786,498$0$0$1,082,383
86$1,858,353$0$0$1,126,264
87$1,934,060$0$0$1,172,526
88$2,013,904$0$0$1,221,346
89$2,098,192$0$0$1,272,915
90$2,187,263$0$0$1,327,445
91$2,281,482$0$0$1,385,165
92$2,381,253$0$0$1,446,325
93$2,487,012$0$0$1,511,199
94$2,599,240$0$0$1,580,088
95$2,718,459$0$0$1,653,317
96$2,845,242$0$0$1,731,246
97$2,980,216$0$0$1,814,265
98$3,124,068$0$0$1,902,806
99$3,277,549$0$0$1,997,338
100$3,441,481$0$0$2,098,376