Can I retire at age 60 with 678,000?

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 $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%19.8%
1 years$55,989$55,490$55,003$54,528$54,065$51,940
2 years$27,717$27,201$26,701$26,216$25,745$23,631
3 years$18,295$17,776$17,277$16,797$16,334$14,296
4 years$13,584$13,067$12,573$12,101$11,649$9,704
5 years$10,759$10,245$9,757$9,295$8,856$7,007
6 years$8,876$8,366$7,885$7,433$7,007$5,257
7 years$7,531$7,026$6,553$6,111$5,699$4,046
8 years$6,523$6,022$5,557$5,126$4,728$3,171
9 years$5,740$5,243$4,787$4,367$3,981$2,519
10 years$5,113$4,622$4,173$3,764$3,392$2,021
11 years$4,601$4,115$3,674$3,276$2,917$1,634
12 years$4,174$3,693$3,260$2,873$2,528$1,329
13 years$3,814$3,337$2,913$2,537$2,205$1,086
14 years$3,505$3,034$2,617$2,252$1,933$891
15 years$3,238$2,771$2,363$2,008$1,702$733
16 years$3,004$2,543$2,142$1,798$1,504$605
17 years$2,798$2,342$1,950$1,616$1,333$500
18 years$2,615$2,164$1,780$1,456$1,186$414
19 years$2,451$2,005$1,629$1,316$1,057$343
20 years$2,304$1,863$1,495$1,192$944$285
21 years$2,172$1,736$1,375$1,081$845$237
22 years$2,051$1,620$1,268$983$757$197
23 years$1,941$1,515$1,170$895$680$164
24 years$1,840$1,420$1,082$817$611$136
25 years$1,748$1,332$1,003$746$550$114
26 years$1,663$1,252$930$682$495$95
27 years$1,584$1,179$863$624$446$79
28 years$1,511$1,111$803$572$403$66
29 years$1,443$1,048$747$524$364$55
30 years$1,380$989$696$481$329$46
31 years$1,321$935$649$442$297$38
32 years$1,266$885$605$406$269$32
33 years$1,214$838$565$374$243$27
34 years$1,166$794$528$344$220$22
35 years$1,120$753$494$316$199$18
36 years$1,077$715$462$291$181$15
37 years$1,036$679$432$269$164$13
38 years$998$645$405$248$149$11
39 years$961$614$379$228$135$9
40 years$927$584$355$210$122$7
41 years$894$556$333$194$111$6
42 years$863$529$313$179$101$5
43 years$834$504$293$165$91$4
44 years$806$481$275$153$83$4
45 years$779$458$259$141$75$3
46 years$753$437$243$130$68$3
47 years$729$417$228$120$62$2
48 years$706$398$214$111$56$2
49 years$683$381$202$103$51$1
50 years$662$363$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $678,000, adding $5,495 every year, while hoping to spend $25,943 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: 79/10/11 Blend
59$678,000$678,000$678,000$678,000
60$752,824$716,890$706,381$810,395
61$802,009$724,415$702,442$856,522
62$855,341$731,438$697,501$903,205
63$913,217$737,909$691,498$953,666
64$976,070$743,772$684,368$1,008,272
65$1,044,380$748,968$676,045$1,067,426
66$1,118,674$753,434$666,460$1,131,571
67$1,199,530$757,104$655,537$1,201,196
68$1,287,586$759,906$643,202$1,276,841
69$1,383,543$761,765$629,373$1,359,099
70$1,488,174$762,601$613,966$1,448,624
71$1,602,327$762,328$596,894$1,546,137
72$1,726,939$760,856$578,064$1,652,432
73$1,863,038$758,089$557,380$1,768,384
74$2,011,758$753,925$534,742$1,894,958
75$2,174,345$748,256$510,045$2,033,217
76$2,352,175$740,967$483,177$2,184,333
77$2,546,758$731,936$454,025$2,349,595
78$2,759,761$721,034$422,469$2,530,427
79$2,993,017$708,125$388,382$2,728,397
80$3,248,545$693,064$351,633$2,945,233
81$3,528,570$675,697$312,086$3,182,839
82$3,835,541$655,863$269,597$3,443,315
83$4,172,155$633,389$224,018$3,728,974
84$4,541,383$608,094$175,191$4,042,365
85$4,946,498$579,784$122,954$4,386,301
86$5,391,105$548,258$67,137$4,763,877
87$5,879,173$513,298$7,561$5,178,508
88$6,415,077$474,678$0$5,633,956
89$7,003,634$432,157$0$6,140,944
90$7,650,152$385,480$0$6,698,843
91$8,360,478$334,378$0$7,311,825
92$9,141,052$278,568$0$7,985,469
93$9,998,971$217,749$0$8,725,920
94$10,942,051$151,604$0$9,539,951
95$11,978,906$79,799$0$10,435,024
96$13,119,025$1,979$0$11,419,364
97$14,372,861$0$0$12,502,032
98$15,751,932$0$0$13,702,063
99$17,268,930$0$0$15,022,376
100$18,937,836$0$0$16,474,927