Can I retire at age 60 with 683,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$56,402$55,899$55,409$54,931$54,463$53,627
2 years$27,922$27,402$26,898$26,409$25,935$25,095
3 years$18,429$17,907$17,404$16,920$16,454$15,636
4 years$13,684$13,164$12,666$12,190$11,735$10,945
5 years$10,838$10,320$9,829$9,363$8,921$8,161
6 years$8,941$8,427$7,944$7,488$7,059$6,331
7 years$7,587$7,077$6,601$6,156$5,741$5,044
8 years$6,571$6,067$5,598$5,164$4,762$4,097
9 years$5,782$5,282$4,822$4,399$4,011$3,377
10 years$5,151$4,656$4,204$3,792$3,417$2,814
11 years$4,635$4,145$3,701$3,300$2,939$2,366
12 years$4,205$3,720$3,284$2,895$2,547$2,003
13 years$3,842$3,362$2,934$2,555$2,221$1,706
14 years$3,531$3,056$2,637$2,268$1,947$1,459
15 years$3,261$2,792$2,381$2,023$1,714$1,253
16 years$3,026$2,561$2,158$1,811$1,515$1,080
17 years$2,818$2,359$1,964$1,628$1,343$934
18 years$2,634$2,180$1,793$1,467$1,194$809
19 years$2,469$2,020$1,641$1,325$1,065$702
20 years$2,321$1,877$1,506$1,200$951$610
21 years$2,188$1,749$1,385$1,089$851$531
22 years$2,066$1,632$1,277$991$763$463
23 years$1,955$1,527$1,179$902$685$404
24 years$1,854$1,430$1,090$823$615$353
25 years$1,761$1,342$1,010$751$554$309
26 years$1,675$1,261$937$687$499$270
27 years$1,596$1,187$870$629$450$237
28 years$1,522$1,119$809$576$406$207
29 years$1,454$1,055$752$528$366$182
30 years$1,390$997$701$485$331$159
31 years$1,331$942$653$445$299$140
32 years$1,275$892$610$409$271$123
33 years$1,223$844$569$376$245$108
34 years$1,174$800$532$346$222$95
35 years$1,128$759$497$319$201$83
36 years$1,085$720$465$294$182$73
37 years$1,044$684$435$271$165$64
38 years$1,005$650$408$249$150$56
39 years$968$618$382$230$136$49
40 years$934$588$358$212$123$43
41 years$901$560$336$196$112$38
42 years$870$533$315$181$101$34
43 years$840$508$296$167$92$30
44 years$812$484$277$154$83$26
45 years$785$462$260$142$76$23
46 years$759$441$245$131$69$20
47 years$734$420$230$121$62$18
48 years$711$401$216$112$57$16
49 years$688$383$203$104$52$14
50 years$667$366$191$96$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $683,000, adding $2,871 every year, while hoping to spend $47,086 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: 56/16/28 Blend
59$683,000$683,000$683,000$683,000
60$755,627$719,428$708,842$791,966
61$782,602$704,581$682,489$802,439
62$810,750$687,429$653,675$808,711
63$840,142$667,807$622,268$814,588
64$870,852$645,546$588,130$820,049
65$902,963$620,461$551,116$825,073
66$936,562$592,361$511,076$829,637
67$971,746$561,041$467,851$833,722
68$1,008,618$526,286$421,278$837,307
69$1,047,289$487,866$371,183$840,373
70$1,087,883$445,542$317,388$842,904
71$1,130,531$399,058$259,704$844,883
72$1,175,377$348,144$197,937$846,299
73$1,222,578$292,515$131,880$847,140
74$1,272,304$231,871$61,320$847,400
75$1,324,740$165,893$0$847,075
76$1,380,088$94,247$0$850,343
77$1,438,568$16,576$0$872,856
78$1,500,422$0$0$896,360
79$1,565,911$0$0$932,832
80$1,635,322$0$0$974,611
81$1,708,968$0$0$1,018,970
82$1,787,191$0$0$1,066,120
83$1,870,367$0$0$1,116,290
84$1,958,904$0$0$1,169,733
85$2,053,251$0$0$1,226,723
86$2,153,899$0$0$1,287,563
87$2,261,387$0$0$1,352,585
88$2,376,305$0$0$1,422,149
89$2,499,297$0$0$1,496,654
90$2,631,075$0$0$1,576,537
91$2,772,414$0$0$1,662,275
92$2,924,169$0$0$1,754,394
93$3,087,275$0$0$1,853,469
94$3,262,760$0$0$1,960,134
95$3,451,753$0$0$2,075,084
96$3,655,493$0$0$2,199,082
97$3,875,343$0$0$2,332,967
98$4,112,797$0$0$2,477,659
99$4,369,500$0$0$2,634,172
100$4,647,258$0$0$2,803,618