Can I retire at age 60 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$56,567$56,063$55,571$55,091$54,623$54,370
2 years$28,003$27,482$26,976$26,486$26,011$25,755
3 years$18,483$17,960$17,455$16,970$16,502$16,252
4 years$13,724$13,202$12,703$12,226$11,770$11,527
5 years$10,870$10,351$9,858$9,391$8,947$8,713
6 years$8,967$8,452$7,967$7,510$7,080$6,854
7 years$7,609$7,098$6,620$6,174$5,758$5,540
8 years$6,591$6,084$5,615$5,179$4,776$4,568
9 years$5,799$5,298$4,836$4,412$4,022$3,822
10 years$5,166$4,670$4,216$3,803$3,427$3,236
11 years$4,649$4,157$3,712$3,310$2,948$2,764
12 years$4,218$3,731$3,294$2,903$2,554$2,379
13 years$3,853$3,372$2,943$2,563$2,227$2,060
14 years$3,541$3,065$2,644$2,275$1,953$1,793
15 years$3,271$2,800$2,387$2,029$1,719$1,568
16 years$3,035$2,569$2,165$1,817$1,519$1,375
17 years$2,827$2,366$1,970$1,632$1,347$1,210
18 years$2,642$2,186$1,798$1,471$1,198$1,068
19 years$2,477$2,026$1,646$1,329$1,068$945
20 years$2,328$1,883$1,511$1,204$954$837
21 years$2,194$1,754$1,390$1,093$853$743
22 years$2,072$1,637$1,281$993$765$661
23 years$1,961$1,531$1,182$905$687$588
24 years$1,859$1,434$1,094$825$617$524
25 years$1,766$1,346$1,013$754$555$468
26 years$1,680$1,265$939$689$500$418
27 years$1,600$1,191$872$631$451$374
28 years$1,527$1,122$811$578$407$334
29 years$1,458$1,058$755$530$368$299
30 years$1,394$1,000$703$486$332$268
31 years$1,335$945$655$447$300$240
32 years$1,279$894$611$410$272$215
33 years$1,227$847$571$377$246$193
34 years$1,178$803$533$347$223$173
35 years$1,131$761$499$320$202$156
36 years$1,088$722$467$294$183$140
37 years$1,047$686$437$271$166$125
38 years$1,008$652$409$250$150$113
39 years$971$620$383$231$136$101
40 years$937$590$359$213$123$91
41 years$903$562$337$196$112$82
42 years$872$535$316$181$102$73
43 years$842$510$296$167$92$66
44 years$814$486$278$154$84$59
45 years$787$463$261$143$76$53
46 years$761$442$245$132$69$48
47 years$736$422$230$122$63$43
48 years$713$403$217$112$57$39
49 years$690$384$204$104$52$35
50 years$669$367$191$96$47$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $685,000, adding $5,952 every year, while hoping to spend $56,680 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: 65/25/10 Blend
59$685,000$685,000$685,000$685,000
60$761,009$724,704$714,087$808,463
61$778,325$699,908$677,702$816,045
62$795,508$671,997$638,198$817,106
63$812,483$640,758$595,411$816,812
64$829,169$605,968$549,170$815,026
65$845,472$567,388$499,295$811,603
66$861,287$524,767$445,598$806,380
67$876,497$477,839$387,885$799,185
68$890,970$426,324$325,949$789,829
69$904,559$369,924$259,579$778,106
70$917,100$308,326$188,550$763,793
71$928,409$241,198$112,631$746,649
72$938,280$168,190$31,578$726,409
73$946,486$88,934$0$702,787
74$952,774$3,037$0$681,332
75$956,859$0$0$659,822
76$958,429$0$0$659,279
77$957,134$0$0$657,493
78$952,586$0$0$653,350
79$944,356$0$0$646,542
80$931,967$0$0$636,726
81$914,890$0$0$623,522
82$892,538$0$0$606,509
83$864,263$0$0$585,222
84$829,345$0$0$559,144
85$786,989$0$0$527,705
86$736,314$0$0$490,272
87$676,345$0$0$446,146
88$606,005$0$0$394,554
89$524,101$0$0$334,641
90$429,315$0$0$265,462
91$320,192$0$0$185,972
92$195,122$0$0$95,018
93$52,326$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0