Can I retire at age 60 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$56,154$55,654$55,166$54,689$54,224$53,882
2 years$27,799$27,281$26,779$26,293$25,821$25,476
3 years$18,349$17,829$17,328$16,846$16,382$16,045
4 years$13,624$13,106$12,610$12,137$11,684$11,357
5 years$10,790$10,275$9,786$9,322$8,882$8,566
6 years$8,902$8,390$7,909$7,455$7,028$6,724
7 years$7,553$7,046$6,572$6,129$5,716$5,424
8 years$6,542$6,040$5,574$5,142$4,742$4,461
9 years$5,757$5,259$4,801$4,379$3,993$3,725
10 years$5,128$4,635$4,185$3,775$3,402$3,146
11 years$4,615$4,127$3,685$3,286$2,926$2,681
12 years$4,187$3,704$3,270$2,882$2,536$2,302
13 years$3,825$3,347$2,922$2,544$2,211$1,988
14 years$3,515$3,043$2,625$2,258$1,938$1,726
15 years$3,247$2,779$2,370$2,014$1,707$1,505
16 years$3,013$2,550$2,149$1,803$1,508$1,316
17 years$2,806$2,348$1,955$1,620$1,337$1,155
18 years$2,622$2,170$1,785$1,460$1,189$1,017
19 years$2,459$2,011$1,634$1,320$1,060$897
20 years$2,311$1,869$1,500$1,195$947$792
21 years$2,178$1,741$1,379$1,085$847$701
22 years$2,057$1,625$1,271$986$759$622
23 years$1,947$1,520$1,174$898$682$552
24 years$1,846$1,424$1,086$819$613$490
25 years$1,753$1,336$1,005$748$551$436
26 years$1,668$1,256$933$684$497$389
27 years$1,589$1,182$866$626$448$346
28 years$1,516$1,114$805$574$404$309
29 years$1,448$1,051$749$526$365$275
30 years$1,384$992$698$483$330$246
31 years$1,325$938$651$443$298$220
32 years$1,270$888$607$407$270$196
33 years$1,218$841$567$375$244$175
34 years$1,169$797$530$345$221$157
35 years$1,123$756$495$317$200$140
36 years$1,080$717$463$292$181$126
37 years$1,039$681$433$269$164$112
38 years$1,001$647$406$248$149$101
39 years$964$616$380$229$135$90
40 years$930$586$356$211$123$81
41 years$897$558$334$195$111$72
42 years$866$531$314$180$101$65
43 years$836$506$294$166$92$58
44 years$808$482$276$153$83$52
45 years$781$460$259$141$75$47
46 years$755$439$244$131$68$42
47 years$731$419$229$121$62$37
48 years$708$400$215$112$56$34
49 years$685$382$202$103$51$30
50 years$664$365$190$95$47$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $680,000, adding $6,827 every year, while hoping to spend $31,978 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: 78/11/11 Blend
59$680,000$680,000$680,000$680,000
60$756,402$720,362$709,822$813,367
61$799,531$721,635$699,577$853,061
62$845,987$721,899$687,916$891,793
63$896,076$721,071$674,760$933,354
64$950,133$719,061$660,022$978,014
65$1,008,529$715,777$643,615$1,026,068
66$1,071,667$711,119$625,444$1,077,843
67$1,139,994$704,980$605,414$1,133,700
68$1,213,999$697,250$583,421$1,194,034
69$1,294,222$687,810$559,360$1,259,283
70$1,381,253$676,533$533,119$1,329,929
71$1,475,745$663,287$504,582$1,406,503
72$1,578,413$647,931$473,628$1,489,592
73$1,690,046$630,314$440,130$1,579,839
74$1,811,510$610,279$403,954$1,677,959
75$1,943,760$587,659$364,962$1,784,735
76$2,087,845$562,275$323,010$1,901,033
77$2,244,920$533,942$277,945$2,027,807
78$2,416,256$502,459$229,611$2,166,109
79$2,603,253$467,618$177,841$2,317,099
80$2,807,450$429,197$122,464$2,482,055
81$3,030,543$386,961$63,300$2,662,389
82$3,274,399$340,662$161$2,859,654
83$3,541,073$290,040$0$3,075,565
84$3,832,827$234,816$0$3,319,900
85$4,152,152$174,699$0$3,587,388
86$4,501,793$109,380$0$3,880,332
87$4,884,769$38,534$0$4,201,290
88$5,304,409$0$0$4,553,083
89$5,764,376$0$0$4,943,440
90$6,268,706$0$0$5,376,583
91$6,821,843$0$0$5,851,667
92$7,428,682$0$0$6,372,900
93$8,094,615$0$0$6,944,916
94$8,825,582$0$0$7,572,820
95$9,628,126$0$0$8,262,235
96$10,509,452$0$0$9,019,356
97$11,477,500$0$0$9,851,006
98$12,541,016$0$0$10,764,702
99$13,709,634$0$0$11,768,725
100$14,993,968$0$0$12,872,198