Can I retire at age 60 with 669,000?

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 $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%13.4%
1 years$55,245$54,753$54,273$53,805$53,347$52,593
2 years$27,349$26,840$26,346$25,868$25,403$24,645
3 years$18,052$17,540$17,048$16,574$16,117$15,378
4 years$13,404$12,894$12,406$11,940$11,495$10,781
5 years$10,616$10,109$9,628$9,171$8,738$8,052
6 years$8,758$8,255$7,781$7,334$6,914$6,256
7 years$7,431$6,932$6,466$6,030$5,623$4,993
8 years$6,437$5,942$5,484$5,058$4,665$4,063
9 years$5,664$5,174$4,723$4,309$3,929$3,354
10 years$5,045$4,560$4,118$3,714$3,347$2,800
11 years$4,540$4,060$3,625$3,232$2,879$2,359
12 years$4,119$3,644$3,217$2,835$2,495$2,001
13 years$3,763$3,293$2,874$2,503$2,175$1,707
14 years$3,458$2,993$2,583$2,222$1,907$1,464
15 years$3,195$2,734$2,332$1,982$1,679$1,260
16 years$2,964$2,509$2,114$1,774$1,484$1,088
17 years$2,761$2,311$1,924$1,594$1,316$942
18 years$2,580$2,135$1,756$1,437$1,170$818
19 years$2,419$1,979$1,608$1,298$1,043$711
20 years$2,274$1,839$1,475$1,176$931$620
21 years$2,143$1,713$1,357$1,067$834$541
22 years$2,024$1,599$1,251$970$747$473
23 years$1,915$1,495$1,155$884$671$414
24 years$1,816$1,401$1,068$806$603$362
25 years$1,725$1,315$989$736$542$318
26 years$1,641$1,236$917$673$489$279
27 years$1,563$1,163$852$616$441$245
28 years$1,491$1,096$792$564$397$215
29 years$1,424$1,034$737$518$359$189
30 years$1,362$976$686$475$324$166
31 years$1,304$923$640$436$293$146
32 years$1,249$873$597$401$265$128
33 years$1,198$827$558$369$240$113
34 years$1,150$784$521$339$217$99
35 years$1,105$743$487$312$197$87
36 years$1,063$706$456$288$178$77
37 years$1,022$670$426$265$162$68
38 years$985$637$399$244$147$60
39 years$949$606$374$225$133$53
40 years$915$576$351$208$121$46
41 years$882$548$329$192$109$41
42 years$852$522$308$177$99$36
43 years$823$498$289$163$90$32
44 years$795$474$272$151$82$28
45 years$768$452$255$139$74$25
46 years$743$432$240$129$67$22
47 years$719$412$225$119$61$19
48 years$696$393$212$110$56$17
49 years$674$375$199$101$50$15
50 years$653$359$187$94$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $669,000, adding $6,378 every year, while hoping to spend $46,012 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: 52/41/7 Blend
59$669,000$669,000$669,000$669,000
60$743,817$708,360$697,990$780,895
61$770,730$694,113$672,417$792,531
62$798,846$677,626$644,444$799,644
63$828,239$658,741$613,944$806,279
64$858,989$637,289$580,781$812,398
65$891,183$613,093$544,814$817,967
66$924,916$585,967$505,897$822,946
67$960,288$555,710$463,876$827,298
68$997,411$522,113$418,589$830,985
69$1,036,404$484,954$369,869$833,968
70$1,077,398$443,997$317,540$836,208
71$1,120,535$398,995$261,420$837,666
72$1,165,969$349,686$201,317$838,304
73$1,213,868$295,790$137,031$838,086
74$1,264,415$237,017$68,355$836,974
75$1,317,810$173,056$0$834,935
76$1,374,271$103,580$0$832,305
77$1,434,035$28,244$0$834,159
78$1,497,363$0$0$835,377
79$1,564,536$0$0$860,013
80$1,635,867$0$0$899,737
81$1,711,694$0$0$942,002
82$1,792,387$0$0$987,018
83$1,878,353$0$0$1,035,017
84$1,970,036$0$0$1,086,253
85$2,067,925$0$0$1,141,003
86$2,172,551$0$0$1,199,572
87$2,284,501$0$0$1,262,294
88$2,404,416$0$0$1,329,536
89$2,532,999$0$0$1,401,698
90$2,671,023$0$0$1,479,222
91$2,819,335$0$0$1,562,592
92$2,978,864$0$0$1,652,339
93$3,150,632$0$0$1,749,047
94$3,335,760$0$0$1,853,356
95$3,535,479$0$0$1,965,971
96$3,751,143$0$0$2,087,665
97$3,984,239$0$0$2,219,289
98$4,236,400$0$0$2,361,776
99$4,509,424$0$0$2,516,156
100$4,805,285$0$0$2,683,556