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%18.8%
1 years$56,319$55,817$55,328$54,850$54,384$52,454
2 years$27,881$27,361$26,858$26,370$25,897$23,974
3 years$18,402$17,881$17,379$16,896$16,430$14,573
4 years$13,664$13,144$12,647$12,172$11,718$9,942
5 years$10,822$10,305$9,815$9,350$8,908$7,217
6 years$8,928$8,415$7,932$7,477$7,049$5,445
7 years$7,576$7,067$6,591$6,147$5,732$4,215
8 years$6,562$6,058$5,590$5,157$4,756$3,323
9 years$5,774$5,274$4,815$4,392$4,005$2,656
10 years$5,143$4,649$4,198$3,786$3,412$2,144
11 years$4,628$4,139$3,696$3,295$2,935$1,745
12 years$4,199$3,715$3,280$2,890$2,543$1,429
13 years$3,836$3,357$2,930$2,552$2,218$1,176
14 years$3,526$3,051$2,633$2,265$1,944$971
15 years$3,257$2,788$2,377$2,020$1,712$805
16 years$3,022$2,558$2,155$1,809$1,513$669
17 years$2,814$2,355$1,961$1,625$1,341$557
18 years$2,630$2,177$1,790$1,465$1,193$465
19 years$2,466$2,017$1,639$1,323$1,063$388
20 years$2,318$1,874$1,504$1,199$950$325
21 years$2,184$1,746$1,383$1,088$850$272
22 years$2,063$1,630$1,275$989$762$228
23 years$1,952$1,524$1,177$901$684$191
24 years$1,851$1,428$1,089$822$615$160
25 years$1,758$1,340$1,008$750$553$135
26 years$1,673$1,260$935$686$498$113
27 years$1,593$1,185$868$628$449$95
28 years$1,520$1,117$807$575$405$80
29 years$1,452$1,054$751$528$366$67
30 years$1,388$995$700$484$331$56
31 years$1,329$941$652$445$299$48
32 years$1,273$890$609$409$270$40
33 years$1,221$843$568$376$245$34
34 years$1,172$799$531$346$222$28
35 years$1,127$758$497$318$201$24
36 years$1,083$719$464$293$182$20
37 years$1,042$683$435$270$165$17
38 years$1,004$649$407$249$149$14
39 years$967$617$381$230$135$12
40 years$932$587$358$212$123$10
41 years$900$559$335$195$111$8
42 years$868$533$314$180$101$7
43 years$839$507$295$166$92$6
44 years$810$484$277$154$83$5
45 years$783$461$260$142$76$4
46 years$758$440$244$131$69$4
47 years$733$420$229$121$62$3
48 years$710$401$216$112$57$3
49 years$687$383$203$103$51$2
50 years$666$366$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $682,000, adding $6,735 every year, while hoping to spend $38,302 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: 42/41/17 Blend
59$682,000$682,000$682,000$682,000
60$758,511$722,365$711,794$786,333
61$795,126$717,008$694,886$801,279
62$834,192$710,105$676,128$813,184
63$875,919$701,539$655,418$825,264
64$920,536$691,188$632,647$837,556
65$968,295$678,920$607,705$850,099
66$1,019,472$664,598$580,474$862,942
67$1,074,370$648,075$550,832$876,140
68$1,133,322$629,197$518,651$889,757
69$1,196,691$607,798$483,797$903,870
70$1,264,880$583,706$446,129$918,563
71$1,338,326$556,736$405,503$933,936
72$1,417,513$526,694$361,765$950,102
73$1,502,972$493,374$314,757$967,190
74$1,595,285$456,560$264,311$985,347
75$1,695,092$416,020$210,254$1,004,740
76$1,803,099$371,511$152,405$1,025,560
77$1,920,077$322,778$90,573$1,048,019
78$2,046,880$269,549$24,561$1,072,362
79$2,184,441$211,536$0$1,098,860
80$2,333,789$148,437$0$1,136,147
81$2,496,058$79,932$0$1,181,540
82$2,672,490$5,684$0$1,231,011
83$2,864,457$0$0$1,285,040
84$3,073,464$0$0$1,377,848
85$3,301,170$0$0$1,481,832
86$3,549,401$0$0$1,595,272
87$3,820,163$0$0$1,719,094
88$4,115,667$0$0$1,854,321
89$4,438,348$0$0$2,002,077
90$4,790,882$0$0$2,163,601
91$5,176,220$0$0$2,340,256
92$5,597,607$0$0$2,533,542
93$6,058,618$0$0$2,745,113
94$6,563,189$0$0$2,976,788
95$7,115,653$0$0$3,230,572
96$7,720,784$0$0$3,508,671
97$8,383,838$0$0$3,813,517
98$9,110,602$0$0$4,147,787
99$9,907,452$0$0$4,514,428
100$10,781,409$0$0$4,916,690