Can I retire at age 60 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$56,402$55,899$55,409$54,931$54,463$53,561
2 years$27,922$27,402$26,898$26,409$25,935$25,029
3 years$18,429$17,907$17,404$16,920$16,454$15,572
4 years$13,684$13,164$12,666$12,190$11,735$10,884
5 years$10,838$10,320$9,829$9,363$8,921$8,103
6 years$8,941$8,427$7,944$7,488$7,059$6,275
7 years$7,587$7,077$6,601$6,156$5,741$4,991
8 years$6,571$6,067$5,598$5,164$4,762$4,048
9 years$5,782$5,282$4,822$4,399$4,011$3,330
10 years$5,151$4,656$4,204$3,792$3,417$2,770
11 years$4,635$4,145$3,701$3,300$2,939$2,324
12 years$4,205$3,720$3,284$2,895$2,547$1,964
13 years$3,842$3,362$2,934$2,555$2,221$1,669
14 years$3,531$3,056$2,637$2,268$1,947$1,425
15 years$3,261$2,792$2,381$2,023$1,714$1,222
16 years$3,026$2,561$2,158$1,811$1,515$1,051
17 years$2,818$2,359$1,964$1,628$1,343$906
18 years$2,634$2,180$1,793$1,467$1,194$783
19 years$2,469$2,020$1,641$1,325$1,065$678
20 years$2,321$1,877$1,506$1,200$951$588
21 years$2,188$1,749$1,385$1,089$851$511
22 years$2,066$1,632$1,277$991$763$445
23 years$1,955$1,527$1,179$902$685$387
24 years$1,854$1,430$1,090$823$615$338
25 years$1,761$1,342$1,010$751$554$295
26 years$1,675$1,261$937$687$499$257
27 years$1,596$1,187$870$629$450$225
28 years$1,522$1,119$809$576$406$196
29 years$1,454$1,055$752$528$366$172
30 years$1,390$997$701$485$331$150
31 years$1,331$942$653$445$299$131
32 years$1,275$892$610$409$271$115
33 years$1,223$844$569$376$245$101
34 years$1,174$800$532$346$222$88
35 years$1,128$759$497$319$201$77
36 years$1,085$720$465$294$182$68
37 years$1,044$684$435$271$165$59
38 years$1,005$650$408$249$150$52
39 years$968$618$382$230$136$46
40 years$934$588$358$212$123$40
41 years$901$560$336$196$112$35
42 years$870$533$315$181$101$31
43 years$840$508$296$167$92$27
44 years$812$484$277$154$83$24
45 years$785$462$260$142$76$21
46 years$759$441$245$131$69$18
47 years$734$420$230$121$62$16
48 years$711$401$216$112$57$14
49 years$688$383$203$104$52$12
50 years$667$366$191$96$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $683,000, adding $6,152 every year, while hoping to spend $49,442 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: 70/17/13 Blend
59$683,000$683,000$683,000$683,000
60$759,012$722,813$712,226$809,558
61$783,825$705,625$683,480$826,729
62$809,512$685,937$652,114$838,958
63$836,110$663,576$617,987$851,047
64$863,658$638,356$580,954$862,973
65$892,197$610,081$540,862$874,712
66$921,771$578,545$497,551$886,240
67$952,427$543,529$450,854$897,532
68$984,213$504,801$400,596$908,561
69$1,017,183$462,116$346,596$919,300
70$1,051,392$415,216$288,664$929,720
71$1,086,900$363,827$226,600$939,792
72$1,123,770$307,661$160,197$949,486
73$1,162,069$246,411$89,239$958,770
74$1,201,872$179,757$13,499$967,613
75$1,243,254$107,356$0$975,983
76$1,286,298$28,849$0$993,184
77$1,331,095$0$0$1,012,451
78$1,377,739$0$0$1,042,414
79$1,426,334$0$0$1,079,258
80$1,476,989$0$0$1,117,671
81$1,529,824$0$0$1,157,745
82$1,584,967$0$0$1,199,578
83$1,642,555$0$0$1,243,275
84$1,702,740$0$0$1,288,952
85$1,765,682$0$0$1,336,732
86$1,831,555$0$0$1,386,749
87$1,900,549$0$0$1,439,149
88$1,972,870$0$0$1,494,089
89$2,048,738$0$0$1,551,739
90$2,128,397$0$0$1,612,284
91$2,212,107$0$0$1,675,927
92$2,300,154$0$0$1,742,886
93$2,392,847$0$0$1,813,399
94$2,490,525$0$0$1,887,726
95$2,593,555$0$0$1,966,149
96$2,702,337$0$0$2,048,976
97$2,817,308$0$0$2,136,543
98$2,938,945$0$0$2,229,217
99$3,067,769$0$0$2,327,398
100$3,204,348$0$0$2,431,525