Can I retire at age 60 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$56,319$55,817$55,328$54,850$54,384$54,086
2 years$27,881$27,361$26,858$26,370$25,897$25,597
3 years$18,402$17,881$17,379$16,896$16,430$16,137
4 years$13,664$13,144$12,647$12,172$11,718$11,433
5 years$10,822$10,305$9,815$9,350$8,908$8,633
6 years$8,928$8,415$7,932$7,477$7,049$6,784
7 years$7,576$7,067$6,591$6,147$5,732$5,478
8 years$6,562$6,058$5,590$5,157$4,756$4,511
9 years$5,774$5,274$4,815$4,392$4,005$3,771
10 years$5,143$4,649$4,198$3,786$3,412$3,188
11 years$4,628$4,139$3,696$3,295$2,935$2,720
12 years$4,199$3,715$3,280$2,890$2,543$2,338
13 years$3,836$3,357$2,930$2,552$2,218$2,022
14 years$3,526$3,051$2,633$2,265$1,944$1,758
15 years$3,257$2,788$2,377$2,020$1,712$1,535
16 years$3,022$2,558$2,155$1,809$1,513$1,345
17 years$2,814$2,355$1,961$1,625$1,341$1,182
18 years$2,630$2,177$1,790$1,465$1,193$1,041
19 years$2,466$2,017$1,639$1,323$1,063$920
20 years$2,318$1,874$1,504$1,199$950$814
21 years$2,184$1,746$1,383$1,088$850$721
22 years$2,063$1,630$1,275$989$762$641
23 years$1,952$1,524$1,177$901$684$569
24 years$1,851$1,428$1,089$822$615$507
25 years$1,758$1,340$1,008$750$553$452
26 years$1,673$1,260$935$686$498$403
27 years$1,593$1,185$868$628$449$359
28 years$1,520$1,117$807$575$405$321
29 years$1,452$1,054$751$528$366$287
30 years$1,388$995$700$484$331$257
31 years$1,329$941$652$445$299$230
32 years$1,273$890$609$409$270$205
33 years$1,221$843$568$376$245$184
34 years$1,172$799$531$346$222$165
35 years$1,127$758$497$318$201$148
36 years$1,083$719$464$293$182$132
37 years$1,042$683$435$270$165$119
38 years$1,004$649$407$249$149$106
39 years$967$617$381$230$135$95
40 years$932$587$358$212$123$86
41 years$900$559$335$195$111$77
42 years$868$533$314$180$101$69
43 years$839$507$295$166$92$62
44 years$810$484$277$154$83$56
45 years$783$461$260$142$76$50
46 years$758$440$244$131$69$45
47 years$733$420$229$121$62$40
48 years$710$401$216$112$57$36
49 years$687$383$203$103$51$32
50 years$666$366$191$96$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $682,000, adding $5,088 every year, while hoping to spend $32,280 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: 51/36/13 Blend
59$682,000$682,000$682,000$682,000
60$756,812$720,666$710,095$792,512
61$799,661$721,633$699,538$818,472
62$845,799$721,566$687,545$842,845
63$895,527$720,379$674,034$868,613
64$949,177$717,983$658,919$895,914
65$1,007,110$714,282$642,111$924,906
66$1,069,729$709,175$623,515$955,763
67$1,137,471$702,554$603,033$988,677
68$1,210,820$694,306$580,561$1,023,862
69$1,290,306$684,310$555,992$1,061,559
70$1,376,513$672,437$529,214$1,102,030
71$1,470,083$658,552$500,108$1,145,570
72$1,571,722$642,511$468,552$1,192,505
73$1,682,206$624,163$434,417$1,243,197
74$1,802,390$603,346$397,569$1,298,047
75$1,933,214$579,890$357,868$1,357,500
76$2,075,711$553,614$315,166$1,422,050
77$2,231,021$524,328$269,311$1,492,244
78$2,400,395$491,830$220,143$1,568,689
79$2,585,212$455,906$167,494$1,652,056
80$2,786,990$416,332$111,192$1,743,089
81$3,007,399$372,868$51,053$1,842,614
82$3,248,277$325,263$0$1,951,543
83$3,511,651$273,250$0$2,072,708
84$3,799,748$216,548$0$2,213,082
85$4,115,023$154,860$0$2,366,844
86$4,460,179$87,871$0$2,535,393
87$4,838,191$15,251$0$2,720,278
88$5,252,338$0$0$2,923,207
89$5,706,228$0$0$3,171,166
90$6,203,836$0$0$3,449,703
91$6,749,541$0$0$3,755,235
92$7,348,165$0$0$4,090,472
93$8,005,019$0$0$4,458,398
94$8,725,953$0$0$4,862,299
95$9,517,412$0$0$5,305,796
96$10,386,494$0$0$5,792,878
97$11,341,019$0$0$6,327,937
98$12,389,602$0$0$6,915,814
99$13,541,731$0$0$7,561,841
100$14,807,862$0$0$8,271,892