Can I retire at age 60 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$55,823$55,326$54,841$54,368$53,905$52,369
2 years$27,635$27,121$26,622$26,138$25,669$24,133
3 years$18,241$17,724$17,226$16,747$16,286$14,798
4 years$13,544$13,029$12,536$12,065$11,615$10,187
5 years$10,727$10,215$9,729$9,267$8,830$7,466
6 years$8,849$8,341$7,862$7,411$6,987$5,688
7 years$7,509$7,005$6,533$6,093$5,682$4,449
8 years$6,504$6,004$5,541$5,111$4,714$3,545
9 years$5,723$5,228$4,772$4,354$3,970$2,864
10 years$5,098$4,608$4,161$3,753$3,382$2,339
11 years$4,587$4,102$3,663$3,266$2,909$1,925
12 years$4,162$3,682$3,251$2,865$2,521$1,595
13 years$3,803$3,328$2,904$2,529$2,198$1,329
14 years$3,495$3,025$2,610$2,245$1,927$1,112
15 years$3,228$2,763$2,356$2,002$1,697$933
16 years$2,995$2,535$2,136$1,793$1,499$786
17 years$2,789$2,335$1,944$1,611$1,330$663
18 years$2,607$2,157$1,774$1,452$1,182$561
19 years$2,444$1,999$1,624$1,312$1,054$475
20 years$2,298$1,858$1,491$1,188$941$403
21 years$2,165$1,731$1,371$1,078$842$342
22 years$2,045$1,615$1,264$980$755$291
23 years$1,935$1,511$1,167$893$678$247
24 years$1,835$1,416$1,079$814$609$210
25 years$1,743$1,328$1,000$744$548$179
26 years$1,658$1,249$927$680$494$153
27 years$1,579$1,175$861$622$445$130
28 years$1,507$1,107$800$570$402$111
29 years$1,439$1,045$745$523$363$95
30 years$1,376$986$694$480$328$81
31 years$1,317$933$647$441$296$69
32 years$1,262$882$603$405$268$59
33 years$1,211$836$563$373$243$50
34 years$1,162$792$526$343$220$43
35 years$1,117$751$492$316$199$37
36 years$1,074$713$460$291$180$31
37 years$1,033$677$431$268$163$27
38 years$995$644$404$247$148$23
39 years$959$612$378$228$134$20
40 years$924$582$354$210$122$17
41 years$892$554$332$194$110$14
42 years$861$528$312$179$100$12
43 years$831$503$292$165$91$10
44 years$803$479$275$152$83$9
45 years$776$457$258$141$75$8
46 years$751$436$242$130$68$7
47 years$727$416$227$120$62$6
48 years$703$397$214$111$56$5
49 years$681$379$201$103$51$4
50 years$660$362$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $676,000, adding $2,028 every year, while hoping to spend $32,914 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: 31/49/20 Blend
59$676,000$676,000$676,000$676,000
60$747,044$711,216$700,738$765,489
61$788,222$711,045$689,192$779,396
62$832,497$709,763$676,157$791,236
63$880,151$707,280$661,547$803,290
64$931,491$703,502$645,274$815,597
65$986,858$698,328$627,245$828,200
66$1,046,623$691,651$607,363$841,154
67$1,111,195$683,360$585,527$854,518
68$1,181,026$673,333$561,631$868,363
69$1,256,608$661,444$535,563$882,770
70$1,338,487$647,559$507,209$897,831
71$1,427,258$631,535$476,446$913,653
72$1,523,580$613,222$443,148$930,357
73$1,628,175$592,460$407,184$948,079
74$1,741,838$569,079$368,414$966,977
75$1,865,444$542,903$326,694$987,228
76$1,999,955$513,741$281,874$1,009,032
77$2,146,429$481,393$233,796$1,032,615
78$2,306,032$445,648$182,295$1,058,233
79$2,480,046$406,283$127,200$1,086,174
80$2,669,880$363,061$68,331$1,116,760
81$2,877,090$315,733$5,502$1,150,357
82$3,103,383$264,034$0$1,187,372
83$3,350,643$207,686$0$1,241,397
84$3,620,941$146,395$0$1,301,916
85$3,916,557$79,849$0$1,368,374
86$4,240,005$7,720$0$1,441,460
87$4,594,049$0$0$1,521,940
88$4,981,734$0$0$1,648,592
89$5,406,415$0$0$1,791,994
90$5,871,784$0$0$1,949,242
91$6,381,910$0$0$2,121,726
92$6,941,271$0$0$2,310,974
93$7,554,802$0$0$2,518,668
94$8,227,937$0$0$2,746,665
95$8,966,662$0$0$2,997,007
96$9,777,570$0$0$3,271,945
97$10,667,924$0$0$3,573,958
98$11,645,726$0$0$3,905,776
99$12,719,788$0$0$4,270,409
100$13,899,819$0$0$4,671,171