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%12.1%
1 years$56,319$55,817$55,328$54,850$54,384$53,905
2 years$27,881$27,361$26,858$26,370$25,897$25,415
3 years$18,402$17,881$17,379$16,896$16,430$15,960
4 years$13,664$13,144$12,647$12,172$11,718$11,262
5 years$10,822$10,305$9,815$9,350$8,908$8,468
6 years$8,928$8,415$7,932$7,477$7,049$6,626
7 years$7,576$7,067$6,591$6,147$5,732$5,327
8 years$6,562$6,058$5,590$5,157$4,756$4,367
9 years$5,774$5,274$4,815$4,392$4,005$3,633
10 years$5,143$4,649$4,198$3,786$3,412$3,057
11 years$4,628$4,139$3,696$3,295$2,935$2,596
12 years$4,199$3,715$3,280$2,890$2,543$2,220
13 years$3,836$3,357$2,930$2,552$2,218$1,910
14 years$3,526$3,051$2,633$2,265$1,944$1,652
15 years$3,257$2,788$2,377$2,020$1,712$1,434
16 years$3,022$2,558$2,155$1,809$1,513$1,250
17 years$2,814$2,355$1,961$1,625$1,341$1,092
18 years$2,630$2,177$1,790$1,465$1,193$957
19 years$2,466$2,017$1,639$1,323$1,063$841
20 years$2,318$1,874$1,504$1,199$950$740
21 years$2,184$1,746$1,383$1,088$850$652
22 years$2,063$1,630$1,275$989$762$575
23 years$1,952$1,524$1,177$901$684$508
24 years$1,851$1,428$1,089$822$615$450
25 years$1,758$1,340$1,008$750$553$398
26 years$1,673$1,260$935$686$498$353
27 years$1,593$1,185$868$628$449$313
28 years$1,520$1,117$807$575$405$278
29 years$1,452$1,054$751$528$366$247
30 years$1,388$995$700$484$331$219
31 years$1,329$941$652$445$299$195
32 years$1,273$890$609$409$270$173
33 years$1,221$843$568$376$245$154
34 years$1,172$799$531$346$222$137
35 years$1,127$758$497$318$201$122
36 years$1,083$719$464$293$182$109
37 years$1,042$683$435$270$165$97
38 years$1,004$649$407$249$149$86
39 years$967$617$381$230$135$77
40 years$932$587$358$212$123$68
41 years$900$559$335$195$111$61
42 years$868$533$314$180$101$54
43 years$839$507$295$166$92$48
44 years$810$484$277$154$83$43
45 years$783$461$260$142$76$38
46 years$758$440$244$131$69$34
47 years$733$420$229$121$62$31
48 years$710$401$216$112$57$27
49 years$687$383$203$103$51$24
50 years$666$366$191$96$47$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $682,000, adding $4,109 every year, while hoping to spend $28,703 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: 45/42/13 Blend
59$682,000$682,000$682,000$682,000
60$755,802$719,656$709,085$786,838
61$802,355$724,380$702,300$813,556
62$852,693$728,373$694,325$839,274
63$907,173$731,569$685,091$866,529
64$966,188$733,898$674,524$895,473
65$1,030,165$735,286$662,547$926,277
66$1,099,580$735,652$649,080$959,128
67$1,174,951$734,913$634,038$994,238
68$1,256,851$732,979$617,334$1,031,838
69$1,345,910$729,755$598,875$1,072,187
70$1,442,820$725,141$578,564$1,115,570
71$1,548,343$719,028$556,302$1,162,305
72$1,663,318$711,304$531,981$1,212,743
73$1,788,667$701,848$505,493$1,267,274
74$1,925,406$690,534$476,722$1,326,332
75$2,074,652$677,225$445,547$1,390,393
76$2,237,637$661,779$411,843$1,459,989
77$2,415,714$644,044$375,478$1,535,706
78$2,610,375$623,861$336,315$1,618,196
79$2,823,261$601,058$294,209$1,708,178
80$3,056,181$575,457$249,012$1,806,450
81$3,311,124$546,867$200,567$1,913,895
82$3,590,282$515,087$148,710$2,031,487
83$3,896,070$479,906$93,271$2,160,309
84$4,231,145$441,097$34,071$2,301,555
85$4,598,434$398,423$0$2,456,548
86$5,001,162$351,633$0$2,630,786
87$5,442,879$300,461$0$2,827,156
88$5,927,496$244,628$0$3,042,742
89$6,459,322$183,836$0$3,279,549
90$7,043,102$117,772$0$3,539,794
91$7,684,062$46,107$0$3,825,922
92$8,387,961$0$0$4,140,634
93$9,161,142$0$0$4,501,477
94$10,010,592$0$0$4,921,411
95$10,944,008$0$0$5,382,942
96$11,969,872$0$0$5,890,276
97$13,097,526$0$0$6,448,044
98$14,337,262$0$0$7,061,348
99$15,700,420$0$0$7,735,810
100$17,199,495$0$0$8,477,625