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%16.6%
1 years$55,328$54,835$54,354$53,885$53,427$51,988
2 years$27,390$26,880$26,386$25,906$25,441$24,002
3 years$18,079$17,566$17,073$16,598$16,141$14,746
4 years$13,424$12,913$12,425$11,958$11,512$10,172
5 years$10,632$10,124$9,642$9,185$8,751$7,470
6 years$8,771$8,267$7,792$7,345$6,924$5,704
7 years$7,442$6,943$6,476$6,039$5,631$4,471
8 years$6,446$5,951$5,492$5,066$4,672$3,571
9 years$5,672$5,182$4,730$4,315$3,934$2,892
10 years$5,053$4,567$4,124$3,720$3,352$2,368
11 years$4,547$4,066$3,630$3,237$2,883$1,954
12 years$4,125$3,649$3,222$2,839$2,498$1,624
13 years$3,769$3,298$2,879$2,507$2,179$1,356
14 years$3,464$2,998$2,586$2,225$1,910$1,138
15 years$3,199$2,739$2,335$1,985$1,682$958
16 years$2,968$2,513$2,117$1,777$1,486$809
17 years$2,765$2,314$1,927$1,597$1,318$684
18 years$2,584$2,138$1,759$1,439$1,172$580
19 years$2,422$1,982$1,610$1,300$1,044$493
20 years$2,277$1,841$1,478$1,178$933$419
21 years$2,146$1,715$1,359$1,069$835$357
22 years$2,027$1,601$1,253$972$748$305
23 years$1,918$1,497$1,157$885$672$260
24 years$1,819$1,403$1,070$807$604$222
25 years$1,727$1,317$991$737$543$190
26 years$1,643$1,237$919$674$489$162
27 years$1,565$1,165$853$617$441$139
28 years$1,493$1,097$793$565$398$119
29 years$1,426$1,035$738$518$359$102
30 years$1,364$978$688$476$325$87
31 years$1,306$924$641$437$294$74
32 years$1,251$875$598$401$266$64
33 years$1,200$828$558$369$240$55
34 years$1,152$785$522$340$218$47
35 years$1,107$745$488$313$197$40
36 years$1,064$707$456$288$179$34
37 years$1,024$671$427$265$162$29
38 years$986$638$400$245$147$25
39 years$950$607$375$226$133$22
40 years$916$577$351$208$121$19
41 years$884$549$329$192$110$16
42 years$853$523$309$177$99$14
43 years$824$498$290$163$90$12
44 years$796$475$272$151$82$10
45 years$770$453$255$139$74$9
46 years$744$432$240$129$67$7
47 years$720$412$225$119$61$6
48 years$697$394$212$110$56$5
49 years$675$376$199$102$51$5
50 years$654$359$187$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $670,000, adding $2,818 every year, while hoping to spend $24,052 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: 57/23/20 Blend
59$670,000$670,000$670,000$670,000
60$741,247$705,737$695,352$779,388
61$791,263$714,727$693,055$814,668
62$845,574$723,351$689,875$850,268
63$904,594$731,567$685,757$888,535
64$968,776$739,327$680,643$929,731
65$1,038,620$746,583$674,474$974,146
66$1,114,676$753,281$667,185$1,022,098
67$1,197,547$759,367$658,710$1,073,941
68$1,287,901$764,780$648,981$1,130,065
69$1,386,469$769,456$637,924$1,190,899
70$1,494,058$773,329$625,464$1,256,917
71$1,611,556$776,325$611,520$1,328,644
72$1,739,939$778,370$596,011$1,406,657
73$1,880,283$779,380$578,847$1,491,596
74$2,033,773$779,271$559,939$1,584,163
75$2,201,712$777,949$539,192$1,685,137
76$2,385,536$775,319$516,505$1,795,375
77$2,586,827$771,276$491,774$1,915,824
78$2,807,326$765,710$464,891$2,047,530
79$3,048,950$758,507$435,741$2,191,644
80$3,313,810$749,541$404,206$2,349,439
81$3,604,234$738,683$370,161$2,522,320
82$3,922,781$725,794$333,477$2,711,834
83$4,272,274$710,728$294,018$2,919,691
84$4,655,821$693,328$251,642$3,147,776
85$5,076,844$673,430$206,202$3,398,169
86$5,539,115$650,861$157,542$3,673,166
87$6,046,786$625,435$105,502$3,975,297
88$6,604,435$596,958$49,913$4,307,355
89$7,217,102$565,224$0$4,672,421
90$7,890,340$530,013$0$5,075,899
91$8,630,266$491,095$0$5,531,028
92$9,443,621$448,227$0$6,031,319
93$10,337,829$401,149$0$6,581,373
94$11,321,073$349,590$0$7,186,264
95$12,402,363$293,261$0$7,851,582
96$13,591,631$231,858$0$8,583,493
97$14,899,818$165,060$0$9,388,789
98$16,338,978$92,526$0$10,274,961
99$17,922,393$13,899$0$11,250,265
100$19,664,696$0$0$12,323,801