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%18.7%
1 years$55,823$55,326$54,841$54,368$53,905$52,013
2 years$27,635$27,121$26,622$26,138$25,669$23,783
3 years$18,241$17,724$17,226$16,747$16,286$14,464
4 years$13,544$13,029$12,536$12,065$11,615$9,873
5 years$10,727$10,215$9,729$9,267$8,830$7,171
6 years$8,849$8,341$7,862$7,411$6,987$5,412
7 years$7,509$7,005$6,533$6,093$5,682$4,192
8 years$6,504$6,004$5,541$5,111$4,714$3,307
9 years$5,723$5,228$4,772$4,354$3,970$2,645
10 years$5,098$4,608$4,161$3,753$3,382$2,136
11 years$4,587$4,102$3,663$3,266$2,909$1,740
12 years$4,162$3,682$3,251$2,865$2,521$1,425
13 years$3,803$3,328$2,904$2,529$2,198$1,174
14 years$3,495$3,025$2,610$2,245$1,927$970
15 years$3,228$2,763$2,356$2,002$1,697$805
16 years$2,995$2,535$2,136$1,793$1,499$669
17 years$2,789$2,335$1,944$1,611$1,330$558
18 years$2,607$2,157$1,774$1,452$1,182$466
19 years$2,444$1,999$1,624$1,312$1,054$389
20 years$2,298$1,858$1,491$1,188$941$326
21 years$2,165$1,731$1,371$1,078$842$273
22 years$2,045$1,615$1,264$980$755$229
23 years$1,935$1,511$1,167$893$678$192
24 years$1,835$1,416$1,079$814$609$162
25 years$1,743$1,328$1,000$744$548$136
26 years$1,658$1,249$927$680$494$114
27 years$1,579$1,175$861$622$445$96
28 years$1,507$1,107$800$570$402$81
29 years$1,439$1,045$745$523$363$68
30 years$1,376$986$694$480$328$57
31 years$1,317$933$647$441$296$48
32 years$1,262$882$603$405$268$40
33 years$1,211$836$563$373$243$34
34 years$1,162$792$526$343$220$29
35 years$1,117$751$492$316$199$24
36 years$1,074$713$460$291$180$20
37 years$1,033$677$431$268$163$17
38 years$995$644$404$247$148$14
39 years$959$612$378$228$134$12
40 years$924$582$354$210$122$10
41 years$892$554$332$194$110$9
42 years$861$528$312$179$100$7
43 years$831$503$292$165$91$6
44 years$803$479$275$152$83$5
45 years$776$457$258$141$75$4
46 years$751$436$242$130$68$4
47 years$727$416$227$120$62$3
48 years$703$397$214$111$56$3
49 years$681$379$201$103$51$2
50 years$660$362$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $676,000, adding $3,120 every year, while hoping to spend $32,519 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: 25/49/26 Blend
59$676,000$676,000$676,000$676,000
60$748,170$712,342$701,864$760,683
61$789,884$712,647$690,777$771,554
62$834,762$711,877$678,228$780,213
63$883,094$709,945$664,134$788,814
64$935,195$706,758$648,409$797,372
65$991,415$702,220$630,961$805,909
66$1,052,136$696,225$611,694$814,451
67$1,117,777$688,663$590,510$823,030
68$1,188,801$679,418$567,303$831,685
69$1,265,716$668,366$541,964$840,464
70$1,349,078$655,376$514,379$849,423
71$1,439,503$640,308$484,430$858,626
72$1,537,665$623,016$451,991$868,151
73$1,644,307$603,344$416,932$878,088
74$1,760,245$581,126$379,118$888,539
75$1,886,377$556,188$338,406$899,626
76$2,023,692$528,346$294,647$911,485
77$2,173,278$497,405$247,687$924,274
78$2,336,331$463,156$197,364$938,173
79$2,514,170$425,384$143,508$953,388
80$2,708,243$383,855$85,943$970,151
81$2,920,147$338,327$24,485$988,729
82$3,151,638$288,542$0$1,009,421
83$3,404,651$234,226$0$1,043,967
84$3,681,315$175,093$0$1,089,339
85$3,983,975$110,838$0$1,139,226
86$4,315,211$41,140$0$1,194,173
87$4,677,868$0$0$1,254,790
88$5,075,074$0$0$1,340,269
89$5,510,277$0$0$1,458,343
90$5,987,273$0$0$1,587,874
91$6,510,244$0$0$1,730,011
92$7,083,795$0$0$1,886,022
93$7,712,997$0$0$2,057,302
94$8,403,437$0$0$2,245,388
95$9,161,269$0$0$2,451,974
96$9,993,272$0$0$2,678,924
97$10,906,912$0$0$2,928,293
98$11,910,414$0$0$3,202,347
99$13,012,840$0$0$3,503,577
100$14,224,171$0$0$3,834,733