Can I retire at age 60 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$55,741$55,244$54,760$54,287$53,825$53,131
2 years$27,594$27,081$26,582$26,100$25,631$24,932
3 years$18,214$17,697$17,201$16,722$16,261$15,580
4 years$13,524$13,009$12,518$12,047$11,598$10,939
5 years$10,711$10,200$9,714$9,254$8,816$8,183
6 years$8,836$8,329$7,851$7,400$6,976$6,368
7 years$7,498$6,994$6,524$6,084$5,673$5,091
8 years$6,494$5,996$5,533$5,104$4,707$4,150
9 years$5,714$5,220$4,765$4,347$3,964$3,432
10 years$5,091$4,601$4,155$3,747$3,377$2,870
11 years$4,581$4,096$3,658$3,261$2,905$2,422
12 years$4,156$3,677$3,246$2,861$2,517$2,059
13 years$3,797$3,323$2,900$2,526$2,195$1,760
14 years$3,489$3,020$2,606$2,242$1,924$1,512
15 years$3,223$2,759$2,353$1,999$1,694$1,304
16 years$2,991$2,531$2,133$1,790$1,497$1,128
17 years$2,785$2,331$1,941$1,608$1,328$979
18 years$2,603$2,154$1,772$1,450$1,180$852
19 years$2,440$1,996$1,622$1,310$1,052$743
20 years$2,294$1,855$1,489$1,186$940$649
21 years$2,162$1,728$1,369$1,077$841$567
22 years$2,042$1,613$1,262$979$754$497
23 years$1,932$1,509$1,165$892$677$436
24 years$1,832$1,414$1,078$813$608$383
25 years$1,740$1,327$998$743$547$336
26 years$1,655$1,247$926$679$493$296
27 years$1,577$1,173$860$621$444$260
28 years$1,504$1,106$799$569$401$229
29 years$1,437$1,043$744$522$362$202
30 years$1,374$985$693$479$327$178
31 years$1,315$931$646$440$296$157
32 years$1,260$881$602$404$268$138
33 years$1,209$834$563$372$242$122
34 years$1,160$791$526$342$219$108
35 years$1,115$750$491$315$199$95
36 years$1,072$712$460$290$180$84
37 years$1,032$676$430$267$163$74
38 years$993$643$403$246$148$65
39 years$957$611$378$227$134$58
40 years$923$581$354$210$122$51
41 years$890$553$332$193$110$45
42 years$859$527$311$178$100$40
43 years$830$502$292$165$91$35
44 years$802$479$274$152$82$31
45 years$775$456$257$140$75$27
46 years$750$435$242$130$68$24
47 years$726$416$227$120$62$21
48 years$702$397$213$111$56$19
49 years$680$379$201$102$51$17
50 years$659$362$189$95$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $675,000, adding $2,995 every year, while hoping to spend $35,126 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: 29/43/28 Blend
59$675,000$675,000$675,000$675,000
60$746,939$711,164$700,702$762,075
61$785,753$708,638$686,802$771,746
62$827,349$704,810$671,258$778,886
63$871,973$699,580$653,980$785,861
64$919,897$692,841$634,870$792,682
65$971,416$684,481$613,828$799,363
66$1,026,857$674,377$590,749$805,925
67$1,086,579$662,404$565,521$812,393
68$1,150,975$648,426$538,031$818,797
69$1,220,476$632,301$508,156$825,177
70$1,295,557$613,876$475,772$831,580
71$1,376,740$592,993$440,747$838,063
72$1,464,599$569,480$402,943$844,691
73$1,559,763$543,160$362,217$851,546
74$1,662,926$513,842$318,418$858,718
75$1,774,850$481,326$271,391$866,317
76$1,896,373$445,398$220,970$874,465
77$2,028,416$405,836$166,986$883,309
78$2,171,994$362,402$109,259$893,013
79$2,328,222$314,844$47,604$903,767
80$2,498,328$262,899$0$915,787
81$2,683,663$206,286$0$934,756
82$2,885,713$144,711$0$971,050
83$3,106,114$77,860$0$1,010,813
84$3,346,666$5,404$0$1,054,472
85$3,609,353$0$0$1,102,503
86$3,896,355$0$0$1,189,980
87$4,210,075$0$0$1,288,499
88$4,553,158$0$0$1,396,347
89$4,928,515$0$0$1,514,453
90$5,339,353$0$0$1,643,840
91$5,789,203$0$0$1,785,634
92$6,281,953$0$0$1,941,076
93$6,821,883$0$0$2,111,532
94$7,413,711$0$0$2,298,507
95$8,062,629$0$0$2,503,659
96$8,774,357$0$0$2,728,814
97$9,555,196$0$0$2,975,983
98$10,412,085$0$0$3,247,381
99$11,352,667$0$0$3,545,448
100$12,385,364$0$0$3,872,874