Can I retire at age 60 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$55,989$55,490$55,003$54,528$54,065$52,694
2 years$27,717$27,201$26,701$26,216$25,745$24,373
3 years$18,295$17,776$17,277$16,797$16,334$15,003
4 years$13,584$13,067$12,573$12,101$11,649$10,370
5 years$10,759$10,245$9,757$9,295$8,856$7,632
6 years$8,876$8,366$7,885$7,433$7,007$5,840
7 years$7,531$7,026$6,553$6,111$5,699$4,588
8 years$6,523$6,022$5,557$5,126$4,728$3,673
9 years$5,740$5,243$4,787$4,367$3,981$2,982
10 years$5,113$4,622$4,173$3,764$3,392$2,447
11 years$4,601$4,115$3,674$3,276$2,917$2,025
12 years$4,174$3,693$3,260$2,873$2,528$1,687
13 years$3,814$3,337$2,913$2,537$2,205$1,413
14 years$3,505$3,034$2,617$2,252$1,933$1,188
15 years$3,238$2,771$2,363$2,008$1,702$1,003
16 years$3,004$2,543$2,142$1,798$1,504$850
17 years$2,798$2,342$1,950$1,616$1,333$721
18 years$2,615$2,164$1,780$1,456$1,186$613
19 years$2,451$2,005$1,629$1,316$1,057$523
20 years$2,304$1,863$1,495$1,192$944$446
21 years$2,172$1,736$1,375$1,081$845$381
22 years$2,051$1,620$1,268$983$757$326
23 years$1,941$1,515$1,170$895$680$279
24 years$1,840$1,420$1,082$817$611$239
25 years$1,748$1,332$1,003$746$550$205
26 years$1,663$1,252$930$682$495$176
27 years$1,584$1,179$863$624$446$151
28 years$1,511$1,111$803$572$403$129
29 years$1,443$1,048$747$524$364$111
30 years$1,380$989$696$481$329$95
31 years$1,321$935$649$442$297$82
32 years$1,266$885$605$406$269$71
33 years$1,214$838$565$374$243$61
34 years$1,166$794$528$344$220$52
35 years$1,120$753$494$316$199$45
36 years$1,077$715$462$291$181$39
37 years$1,036$679$432$269$164$33
38 years$998$645$405$248$149$29
39 years$961$614$379$228$135$25
40 years$927$584$355$210$122$21
41 years$894$556$333$194$111$18
42 years$863$529$313$179$101$16
43 years$834$504$293$165$91$13
44 years$806$481$275$153$83$12
45 years$779$458$259$141$75$10
46 years$753$437$243$130$68$9
47 years$729$417$228$120$62$7
48 years$706$398$214$111$56$6
49 years$683$381$202$103$51$5
50 years$662$363$189$95$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $678,000, adding $3,082 every year, while hoping to spend $40,507 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: 59/14/27 Blend
59$678,000$678,000$678,000$678,000
60$750,335$714,401$703,892$788,945
61$783,770$706,308$684,373$807,570
62$819,258$696,460$662,843$823,293
63$856,965$684,729$639,191$839,593
64$897,074$670,979$613,302$856,537
65$939,784$655,066$585,056$874,201
66$985,313$636,835$554,327$892,668
67$1,033,901$616,126$520,983$912,034
68$1,085,810$592,767$484,887$932,405
69$1,141,326$566,577$445,895$953,902
70$1,200,766$537,363$403,856$976,660
71$1,264,473$504,923$358,615$1,000,829
72$1,332,827$469,043$310,006$1,026,579
73$1,406,244$429,494$257,860$1,054,100
74$1,485,180$386,038$201,997$1,083,602
75$1,570,135$338,421$142,231$1,115,322
76$1,661,660$286,374$78,367$1,149,524
77$1,760,359$229,616$10,201$1,186,504
78$1,866,895$167,847$0$1,226,589
79$1,981,997$100,750$0$1,288,164
80$2,106,467$27,994$0$1,357,925
81$2,241,186$0$0$1,433,452
82$2,387,122$0$0$1,523,141
83$2,545,340$0$0$1,625,100
84$2,717,009$0$0$1,735,777
85$2,903,418$0$0$1,856,007
86$3,105,984$0$0$1,986,711
87$3,326,262$0$0$2,128,901
88$3,565,969$0$0$2,283,689
89$3,826,989$0$0$2,452,302
90$4,111,398$0$0$2,636,088
91$4,421,480$0$0$2,836,529
92$4,759,747$0$0$3,055,259
93$5,128,967$0$0$3,294,077
94$5,532,184$0$0$3,554,959
95$5,972,752$0$0$3,840,086
96$6,454,361$0$0$4,151,855
97$6,981,074$0$0$4,492,907
98$7,557,365$0$0$4,866,150
99$8,188,161$0$0$5,274,785
100$8,878,887$0$0$5,722,337