Can I retire at age 60 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$56,484$55,981$55,490$55,011$54,543$52,839
2 years$27,962$27,442$26,937$26,448$25,973$24,272
3 years$18,456$17,933$17,430$16,945$16,478$14,833
4 years$13,704$13,183$12,685$12,208$11,752$10,175
5 years$10,854$10,336$9,844$9,377$8,934$7,430
6 years$8,954$8,440$7,955$7,499$7,069$5,639
7 years$7,598$7,088$6,611$6,165$5,749$4,393
8 years$6,581$6,075$5,606$5,172$4,769$3,486
9 years$5,790$5,290$4,829$4,405$4,017$2,804
10 years$5,158$4,663$4,210$3,797$3,422$2,280
11 years$4,642$4,151$3,706$3,305$2,943$1,869
12 years$4,211$3,726$3,289$2,899$2,551$1,541
13 years$3,848$3,367$2,939$2,559$2,224$1,278
14 years$3,536$3,060$2,640$2,272$1,950$1,064
15 years$3,266$2,796$2,384$2,026$1,717$889
16 years$3,030$2,565$2,161$1,814$1,517$744
17 years$2,823$2,362$1,967$1,630$1,345$625
18 years$2,638$2,183$1,795$1,469$1,196$526
19 years$2,473$2,023$1,644$1,327$1,066$443
20 years$2,325$1,880$1,508$1,202$952$374
21 years$2,191$1,751$1,388$1,091$852$316
22 years$2,069$1,635$1,279$992$764$267
23 years$1,958$1,529$1,181$903$686$226
24 years$1,857$1,432$1,092$824$616$191
25 years$1,763$1,344$1,011$752$555$162
26 years$1,678$1,263$938$688$500$137
27 years$1,598$1,189$871$630$450$116
28 years$1,524$1,120$810$577$406$99
29 years$1,456$1,057$754$529$367$84
30 years$1,392$998$702$486$332$71
31 years$1,333$944$654$446$300$60
32 years$1,277$893$611$410$271$51
33 years$1,225$846$570$377$245$43
34 years$1,176$801$533$347$222$37
35 years$1,130$760$498$319$201$31
36 years$1,086$721$466$294$182$27
37 years$1,045$685$436$271$165$23
38 years$1,007$651$408$250$150$19
39 years$970$619$383$230$136$16
40 years$935$589$359$212$123$14
41 years$902$561$336$196$112$12
42 years$871$534$315$181$101$10
43 years$841$509$296$167$92$8
44 years$813$485$278$154$84$7
45 years$786$463$261$142$76$6
46 years$760$441$245$131$69$5
47 years$735$421$230$121$63$4
48 years$712$402$216$112$57$4
49 years$689$384$203$104$52$3
50 years$668$367$191$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $684,000, adding $6,295 every year, while hoping to spend $45,695 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: 60/33/7 Blend
59$684,000$684,000$684,000$684,000
60$760,261$724,009$713,407$804,409
61$789,189$710,867$688,687$821,591
62$819,535$695,548$661,608$834,517
63$851,398$677,900$632,041$847,461
64$884,880$657,757$599,855$860,429
65$920,097$634,947$564,909$873,424
66$957,173$609,284$527,059$886,455
67$996,242$580,576$486,153$899,532
68$1,037,451$548,617$442,031$912,671
69$1,080,960$513,189$394,529$925,891
70$1,126,945$474,062$343,472$939,214
71$1,175,595$430,993$288,681$952,670
72$1,227,120$383,725$229,965$966,294
73$1,281,746$331,988$167,129$980,128
74$1,339,721$275,493$99,965$994,223
75$1,401,318$213,937$28,259$1,008,638
76$1,466,834$147,002$0$1,023,442
77$1,536,594$74,347$0$1,042,321
78$1,610,954$0$0$1,064,253
79$1,690,303$0$0$1,088,842
80$1,775,070$0$0$1,143,983
81$1,865,723$0$0$1,202,987
82$1,962,774$0$0$1,266,192
83$2,066,787$0$0$1,333,970
84$2,178,379$0$0$1,406,728
85$2,298,228$0$0$1,484,914
86$2,427,078$0$0$1,569,017
87$2,565,745$0$0$1,659,577
88$2,715,126$0$0$1,757,186
89$2,876,206$0$0$1,862,493
90$3,050,066$0$0$1,976,212
91$3,237,895$0$0$2,099,129
92$3,440,999$0$0$2,232,107
93$3,660,815$0$0$2,376,091
94$3,898,920$0$0$2,532,127
95$4,157,049$0$0$2,701,358
96$4,437,112$0$0$2,885,046
97$4,741,207$0$0$3,084,577
98$5,071,642$0$0$3,301,476
99$5,430,956$0$0$3,537,420
100$5,821,944$0$0$3,794,255