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%16%
1 years$56,154$55,654$55,166$54,689$54,224$52,892
2 years$27,799$27,281$26,779$26,293$25,821$24,487
3 years$18,349$17,829$17,328$16,846$16,382$15,088
4 years$13,624$13,106$12,610$12,137$11,684$10,440
5 years$10,790$10,275$9,786$9,322$8,882$7,691
6 years$8,902$8,390$7,909$7,455$7,028$5,892
7 years$7,553$7,046$6,572$6,129$5,716$4,634
8 years$6,542$6,040$5,574$5,142$4,742$3,714
9 years$5,757$5,259$4,801$4,379$3,993$3,019
10 years$5,128$4,635$4,185$3,775$3,402$2,481
11 years$4,615$4,127$3,685$3,286$2,926$2,055
12 years$4,187$3,704$3,270$2,882$2,536$1,714
13 years$3,825$3,347$2,922$2,544$2,211$1,438
14 years$3,515$3,043$2,625$2,258$1,938$1,211
15 years$3,247$2,779$2,370$2,014$1,707$1,024
16 years$3,013$2,550$2,149$1,803$1,508$868
17 years$2,806$2,348$1,955$1,620$1,337$738
18 years$2,622$2,170$1,785$1,460$1,189$629
19 years$2,459$2,011$1,634$1,320$1,060$536
20 years$2,311$1,869$1,500$1,195$947$458
21 years$2,178$1,741$1,379$1,085$847$392
22 years$2,057$1,625$1,271$986$759$336
23 years$1,947$1,520$1,174$898$682$288
24 years$1,846$1,424$1,086$819$613$247
25 years$1,753$1,336$1,005$748$551$212
26 years$1,668$1,256$933$684$497$182
27 years$1,589$1,182$866$626$448$157
28 years$1,516$1,114$805$574$404$135
29 years$1,448$1,051$749$526$365$116
30 years$1,384$992$698$483$330$100
31 years$1,325$938$651$443$298$86
32 years$1,270$888$607$407$270$74
33 years$1,218$841$567$375$244$64
34 years$1,169$797$530$345$221$55
35 years$1,123$756$495$317$200$47
36 years$1,080$717$463$292$181$41
37 years$1,039$681$433$269$164$35
38 years$1,001$647$406$248$149$30
39 years$964$616$380$229$135$26
40 years$930$586$356$211$123$22
41 years$897$558$334$195$111$19
42 years$866$531$314$180$101$17
43 years$836$506$294$166$92$14
44 years$808$482$276$153$83$12
45 years$781$460$259$141$75$11
46 years$755$439$244$131$68$9
47 years$731$419$229$121$62$8
48 years$708$400$215$112$56$7
49 years$685$382$202$103$51$6
50 years$664$365$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $680,000, adding $5,536 every year, while hoping to spend $48,960 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: 65/25/10 Blend
59$680,000$680,000$680,000$680,000
60$755,070$719,030$708,490$802,177
61$779,995$702,170$680,132$817,412
62$805,820$682,842$649,182$827,778
63$832,587$660,875$615,503$837,848
64$860,338$636,085$578,950$847,591
65$889,119$608,280$539,371$856,971
66$918,978$577,254$496,609$865,956
67$949,967$542,792$450,498$874,507
68$982,140$504,665$400,866$882,585
69$1,015,555$462,631$347,532$890,153
70$1,050,276$416,435$290,309$897,166
71$1,086,369$365,805$228,999$903,583
72$1,123,906$310,457$163,398$909,360
73$1,162,964$250,089$93,291$914,449
74$1,203,625$184,381$18,455$918,803
75$1,245,977$112,999$0$922,374
76$1,290,117$35,585$0$931,664
77$1,336,145$0$0$942,596
78$1,384,174$0$0$966,445
79$1,434,321$0$0$1,001,576
80$1,486,715$0$0$1,038,293
81$1,541,495$0$0$1,076,693
82$1,598,812$0$0$1,116,883
83$1,658,828$0$0$1,158,980
84$1,721,719$0$0$1,203,107
85$1,787,676$0$0$1,249,402
86$1,856,906$0$0$1,298,012
87$1,929,635$0$0$1,349,097
88$2,006,107$0$0$1,402,831
89$2,086,588$0$0$1,459,404
90$2,171,368$0$0$1,519,022
91$2,260,761$0$0$1,581,911
92$2,355,112$0$0$1,648,314
93$2,454,795$0$0$1,718,499
94$2,560,219$0$0$1,792,758
95$2,671,829$0$0$1,871,409
96$2,790,114$0$0$1,954,800
97$2,915,605$0$0$2,043,311
98$3,048,884$0$0$2,137,357
99$3,190,588$0$0$2,237,393
100$3,341,414$0$0$2,343,917