Can I retire at age 60 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$55,328$54,835$54,354$53,885$53,427$51,613
2 years$27,390$26,880$26,386$25,906$25,441$23,632
3 years$18,079$17,566$17,073$16,598$16,141$14,394
4 years$13,424$12,913$12,425$11,958$11,512$9,839
5 years$10,632$10,124$9,642$9,185$8,751$7,158
6 years$8,771$8,267$7,792$7,345$6,924$5,412
7 years$7,442$6,943$6,476$6,039$5,631$4,199
8 years$6,446$5,951$5,492$5,066$4,672$3,318
9 years$5,672$5,182$4,730$4,315$3,934$2,658
10 years$5,053$4,567$4,124$3,720$3,352$2,152
11 years$4,547$4,066$3,630$3,237$2,883$1,755
12 years$4,125$3,649$3,222$2,839$2,498$1,441
13 years$3,769$3,298$2,879$2,507$2,179$1,189
14 years$3,464$2,998$2,586$2,225$1,910$985
15 years$3,199$2,739$2,335$1,985$1,682$819
16 years$2,968$2,513$2,117$1,777$1,486$682
17 years$2,765$2,314$1,927$1,597$1,318$570
18 years$2,584$2,138$1,759$1,439$1,172$477
19 years$2,422$1,982$1,610$1,300$1,044$400
20 years$2,277$1,841$1,478$1,178$933$335
21 years$2,146$1,715$1,359$1,069$835$282
22 years$2,027$1,601$1,253$972$748$237
23 years$1,918$1,497$1,157$885$672$199
24 years$1,819$1,403$1,070$807$604$168
25 years$1,727$1,317$991$737$543$141
26 years$1,643$1,237$919$674$489$119
27 years$1,565$1,165$853$617$441$100
28 years$1,493$1,097$793$565$398$85
29 years$1,426$1,035$738$518$359$71
30 years$1,364$978$688$476$325$60
31 years$1,306$924$641$437$294$51
32 years$1,251$875$598$401$266$43
33 years$1,200$828$558$369$240$36
34 years$1,152$785$522$340$218$31
35 years$1,107$745$488$313$197$26
36 years$1,064$707$456$288$179$22
37 years$1,024$671$427$265$162$18
38 years$986$638$400$245$147$16
39 years$950$607$375$226$133$13
40 years$916$577$351$208$121$11
41 years$884$549$329$192$110$9
42 years$853$523$309$177$99$8
43 years$824$498$290$163$90$7
44 years$796$475$272$151$82$6
45 years$770$453$255$139$74$5
46 years$744$432$240$129$67$4
47 years$720$412$225$119$61$3
48 years$697$394$212$110$56$3
49 years$675$376$199$102$51$2
50 years$654$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $670,000, adding $5,461 every year, while hoping to spend $29,658 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: 52/32/16 Blend
59$670,000$670,000$670,000$670,000
60$743,973$708,463$698,078$779,160
61$788,302$711,622$689,908$807,027
62$836,159$713,941$680,470$833,742
63$887,872$715,349$669,690$862,142
64$943,803$715,769$657,492$892,394
65$1,004,347$715,117$643,794$924,686
66$1,069,941$713,309$628,512$959,223
67$1,141,065$710,252$611,558$996,236
68$1,218,247$705,847$592,838$1,035,979
69$1,302,066$699,991$572,256$1,078,733
70$1,393,160$692,575$549,710$1,124,810
71$1,492,232$683,481$525,095$1,174,557
72$1,600,055$672,586$498,300$1,228,356
73$1,717,476$659,759$469,210$1,286,631
74$1,845,433$644,861$437,702$1,349,851
75$1,984,954$627,745$403,652$1,418,536
76$2,137,171$608,257$366,926$1,493,261
77$2,303,332$586,231$327,387$1,574,663
78$2,484,808$561,493$284,891$1,663,446
79$2,683,111$533,858$239,288$1,760,389
80$2,899,903$503,132$190,419$1,866,354
81$3,137,017$469,109$138,122$1,982,293
82$3,396,468$431,571$82,224$2,109,262
83$3,680,476$390,286$22,547$2,248,424
84$3,991,486$345,012$0$2,401,070
85$4,332,191$295,491$0$2,575,646
86$4,705,556$241,451$0$2,771,268
87$5,114,845$182,605$0$2,985,856
88$5,563,656$118,649$0$3,221,371
89$6,055,949$49,263$0$3,479,973
90$6,596,086$0$0$3,764,049
91$7,188,875$0$0$4,085,351
92$7,839,607$0$0$4,457,170
93$8,554,115$0$0$4,865,502
94$9,338,820$0$0$5,314,024
95$10,200,799$0$0$5,806,792
96$11,147,847$0$0$6,348,270
97$12,188,551$0$0$6,943,378
98$13,332,370$0$0$7,597,536
99$14,589,728$0$0$8,316,715
100$15,972,105$0$0$9,107,494