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%12%
1 years$56,567$56,063$55,571$55,091$54,623$54,165
2 years$28,003$27,482$26,976$26,486$26,011$25,550
3 years$18,483$17,960$17,455$16,970$16,502$16,052
4 years$13,724$13,202$12,703$12,226$11,770$11,333
5 years$10,870$10,351$9,858$9,391$8,947$8,526
6 years$8,967$8,452$7,967$7,510$7,080$6,675
7 years$7,609$7,098$6,620$6,174$5,758$5,369
8 years$6,591$6,084$5,615$5,179$4,776$4,404
9 years$5,799$5,298$4,836$4,412$4,022$3,666
10 years$5,166$4,670$4,216$3,803$3,427$3,087
11 years$4,649$4,157$3,712$3,310$2,948$2,622
12 years$4,218$3,731$3,294$2,903$2,554$2,244
13 years$3,853$3,372$2,943$2,563$2,227$1,932
14 years$3,541$3,065$2,644$2,275$1,953$1,672
15 years$3,271$2,800$2,387$2,029$1,719$1,453
16 years$3,035$2,569$2,165$1,817$1,519$1,267
17 years$2,827$2,366$1,970$1,632$1,347$1,108
18 years$2,642$2,186$1,798$1,471$1,198$972
19 years$2,477$2,026$1,646$1,329$1,068$854
20 years$2,328$1,883$1,511$1,204$954$752
21 years$2,194$1,754$1,390$1,093$853$663
22 years$2,072$1,637$1,281$993$765$586
23 years$1,961$1,531$1,182$905$687$518
24 years$1,859$1,434$1,094$825$617$458
25 years$1,766$1,346$1,013$754$555$406
26 years$1,680$1,265$939$689$500$360
27 years$1,600$1,191$872$631$451$320
28 years$1,527$1,122$811$578$407$284
29 years$1,458$1,058$755$530$368$252
30 years$1,394$1,000$703$486$332$224
31 years$1,335$945$655$447$300$200
32 years$1,279$894$611$410$272$178
33 years$1,227$847$571$377$246$158
34 years$1,178$803$533$347$223$141
35 years$1,131$761$499$320$202$125
36 years$1,088$722$467$294$183$112
37 years$1,047$686$437$271$166$100
38 years$1,008$652$409$250$150$89
39 years$971$620$383$231$136$79
40 years$937$590$359$213$123$71
41 years$903$562$337$196$112$63
42 years$872$535$316$181$102$56
43 years$842$510$296$167$92$50
44 years$814$486$278$154$84$45
45 years$787$463$261$143$76$40
46 years$761$442$245$132$69$36
47 years$736$422$230$122$63$32
48 years$713$403$217$112$57$28
49 years$690$384$204$104$52$25
50 years$669$367$191$96$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $685,000, adding $4,633 every year, while hoping to spend $26,899 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: 65/18/17 Blend
59$685,000$685,000$685,000$685,000
60$759,649$723,344$712,726$805,555
61$808,513$730,167$707,982$843,710
62$861,459$736,424$702,178$881,870
63$918,876$742,057$695,249$922,919
64$981,191$747,007$687,129$967,140
65$1,048,872$751,209$677,747$1,014,845
66$1,122,435$754,597$667,031$1,066,378
67$1,202,450$757,099$654,902$1,122,119
68$1,289,540$758,637$641,282$1,182,487
69$1,384,393$759,130$626,085$1,247,944
70$1,487,766$758,492$609,223$1,319,000
71$1,600,491$756,631$590,605$1,396,219
72$1,723,484$753,450$570,134$1,480,221
73$1,857,755$748,844$547,709$1,571,692
74$2,004,414$742,705$523,224$1,671,388
75$2,164,682$734,916$496,571$1,780,144
76$2,339,906$725,353$467,632$1,898,879
77$2,531,567$713,886$436,289$2,028,610
78$2,741,297$700,376$402,414$2,170,457
79$2,970,892$684,678$365,878$2,325,656
80$3,222,330$666,634$326,542$2,495,570
81$3,497,790$646,081$284,263$2,681,704
82$3,799,670$622,844$238,891$2,885,717
83$4,130,613$596,740$190,271$3,109,440
84$4,493,528$567,573$138,237$3,354,891
85$4,891,621$535,137$82,621$3,624,298
86$5,328,421$499,214$23,244$3,920,116
87$5,807,818$459,573$0$4,245,055
88$6,334,093$415,970$0$4,609,381
89$6,911,966$368,148$0$5,014,084
90$7,546,634$315,835$0$5,458,615
91$8,243,822$258,741$0$5,947,020
92$9,009,836$196,565$0$6,483,759
93$9,851,627$128,983$0$7,073,749
94$10,776,848$55,659$0$7,722,409
95$11,793,932$0$0$8,435,711
96$12,912,171$0$0$9,224,947
97$14,141,802$0$0$10,104,974
98$15,494,101$0$0$11,072,845
99$16,981,494$0$0$12,137,459
100$18,617,672$0$0$13,308,622