Can I retire at age 60 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$56,236$55,735$55,247$54,770$54,304$52,503
2 years$27,840$27,321$26,819$26,332$25,859$24,062
3 years$18,375$17,855$17,354$16,871$16,406$14,669
4 years$13,644$13,125$12,629$12,155$11,701$10,038
5 years$10,806$10,290$9,801$9,336$8,895$7,310
6 years$8,915$8,403$7,920$7,466$7,038$5,533
7 years$7,564$7,057$6,582$6,138$5,724$4,298
8 years$6,552$6,049$5,582$5,149$4,749$3,400
9 years$5,765$5,267$4,808$4,386$3,999$2,727
10 years$5,136$4,642$4,191$3,781$3,407$2,210
11 years$4,621$4,133$3,690$3,290$2,930$1,806
12 years$4,193$3,709$3,275$2,886$2,539$1,484
13 years$3,831$3,352$2,926$2,548$2,214$1,227
14 years$3,521$3,047$2,629$2,262$1,941$1,018
15 years$3,252$2,783$2,374$2,017$1,709$847
16 years$3,017$2,554$2,152$1,806$1,511$707
17 years$2,810$2,352$1,958$1,623$1,339$591
18 years$2,626$2,173$1,788$1,462$1,191$496
19 years$2,462$2,014$1,636$1,321$1,061$416
20 years$2,315$1,872$1,502$1,197$948$350
21 years$2,181$1,743$1,381$1,086$848$294
22 years$2,060$1,627$1,273$988$761$248
23 years$1,950$1,522$1,176$899$683$209
24 years$1,849$1,426$1,087$820$614$176
25 years$1,756$1,338$1,007$749$552$148
26 years$1,670$1,258$934$685$497$125
27 years$1,591$1,184$867$627$448$106
28 years$1,518$1,115$806$574$405$89
29 years$1,450$1,052$750$527$365$75
30 years$1,386$994$699$483$330$64
31 years$1,327$939$651$444$298$54
32 years$1,272$889$608$408$270$46
33 years$1,220$842$568$375$244$39
34 years$1,171$798$530$345$221$33
35 years$1,125$757$496$318$200$28
36 years$1,082$718$464$293$182$23
37 years$1,041$682$434$270$165$20
38 years$1,002$648$407$249$149$17
39 years$966$616$381$229$135$14
40 years$931$587$357$211$123$12
41 years$898$558$335$195$111$10
42 years$867$532$314$180$101$9
43 years$837$507$295$166$92$7
44 years$809$483$277$153$83$6
45 years$782$461$260$142$76$5
46 years$757$439$244$131$69$4
47 years$732$419$229$121$62$4
48 years$709$400$215$112$57$3
49 years$686$382$202$103$51$3
50 years$665$365$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $681,000, adding $3,691 every year, while hoping to spend $46,959 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: 64/13/23 Blend
59$681,000$681,000$681,000$681,000
60$754,269$718,176$707,621$797,812
61$781,241$703,403$681,362$812,845
62$809,389$686,332$652,650$823,669
63$838,786$666,801$621,352$834,428
64$869,506$644,638$587,332$845,118
65$901,632$619,662$550,444$855,738
66$935,254$591,681$510,539$866,291
67$970,467$560,490$467,459$876,778
68$1,007,376$525,875$421,040$887,205
69$1,046,094$487,609$371,111$897,581
70$1,086,745$445,451$317,492$907,916
71$1,129,461$399,146$259,996$918,227
72$1,174,388$348,427$198,428$928,532
73$1,221,684$293,008$132,584$938,855
74$1,271,521$232,590$62,251$949,227
75$1,324,085$166,856$0$959,684
76$1,379,582$95,472$0$973,413
77$1,438,233$18,084$0$1,003,828
78$1,500,281$0$0$1,035,757
79$1,565,992$0$0$1,078,728
80$1,635,654$0$0$1,127,049
81$1,709,586$0$0$1,178,355
82$1,788,131$0$0$1,232,889
83$1,871,670$0$0$1,290,918
84$1,960,615$0$0$1,352,732
85$2,055,422$0$0$1,418,650
86$2,156,585$0$0$1,489,022
87$2,264,650$0$0$1,564,231
88$2,380,212$0$0$1,644,696
89$2,503,925$0$0$1,730,877
90$2,636,507$0$0$1,823,278
91$2,778,743$0$0$1,922,454
92$2,931,496$0$0$2,029,012
93$3,095,714$0$0$2,143,618
94$3,272,436$0$0$2,267,006
95$3,462,804$0$0$2,399,978
96$3,668,072$0$0$2,543,417
97$3,889,617$0$0$2,698,295
98$4,128,953$0$0$2,865,677
99$4,387,742$0$0$3,046,735
100$4,667,814$0$0$3,242,757