Can I retire at age 60 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$56,732$56,226$55,733$55,252$54,782$53,742
2 years$28,085$27,562$27,055$26,564$26,087$25,043
3 years$18,537$18,012$17,506$17,020$16,551$15,536
4 years$13,764$13,241$12,740$12,262$11,804$10,826
5 years$10,901$10,381$9,887$9,418$8,973$8,034
6 years$8,993$8,477$7,990$7,532$7,100$6,202
7 years$7,631$7,119$6,640$6,192$5,774$4,916
8 years$6,610$6,102$5,631$5,195$4,790$3,973
9 years$5,816$5,313$4,850$4,425$4,034$3,257
10 years$5,181$4,683$4,228$3,814$3,437$2,699
11 years$4,662$4,169$3,723$3,319$2,956$2,256
12 years$4,230$3,742$3,304$2,912$2,562$1,899
13 years$3,864$3,382$2,952$2,570$2,234$1,608
14 years$3,552$3,074$2,652$2,282$1,958$1,367
15 years$3,281$2,808$2,394$2,035$1,724$1,167
16 years$3,044$2,576$2,171$1,822$1,524$1,000
17 years$2,835$2,373$1,975$1,637$1,351$858
18 years$2,649$2,192$1,803$1,475$1,201$739
19 years$2,484$2,032$1,651$1,333$1,071$637
20 years$2,335$1,888$1,515$1,207$956$550
21 years$2,200$1,759$1,394$1,096$856$476
22 years$2,078$1,642$1,284$996$767$412
23 years$1,967$1,535$1,186$907$689$357
24 years$1,865$1,439$1,097$828$619$310
25 years$1,771$1,350$1,016$756$557$269
26 years$1,685$1,269$942$691$502$234
27 years$1,605$1,194$875$633$452$203
28 years$1,531$1,125$813$580$408$177
29 years$1,462$1,062$757$531$369$154
30 years$1,398$1,003$705$488$333$134
31 years$1,339$948$657$448$301$117
32 years$1,283$897$613$412$272$101
33 years$1,230$849$573$379$246$88
34 years$1,181$805$535$348$223$77
35 years$1,135$763$500$321$202$67
36 years$1,091$725$468$295$183$59
37 years$1,050$688$438$272$166$51
38 years$1,011$654$410$251$150$44
39 years$974$622$384$231$136$39
40 years$939$592$360$213$124$34
41 years$906$563$338$197$112$29
42 years$875$536$317$182$102$26
43 years$845$511$297$168$92$22
44 years$816$487$279$155$84$20
45 years$789$465$262$143$76$17
46 years$763$443$246$132$69$15
47 years$739$423$231$122$63$13
48 years$715$404$217$113$57$11
49 years$692$386$204$104$52$10
50 years$671$368$192$96$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $687,000, adding $5,931 every year, while hoping to spend $48,853 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: 81/5/14 Blend
59$687,000$687,000$687,000$687,000
60$763,192$726,781$716,132$822,428
61$789,058$710,414$688,144$845,823
62$815,926$691,608$657,580$864,544
63$843,844$670,191$624,303$883,679
64$872,869$645,983$588,170$903,245
65$903,057$618,791$549,029$923,263
66$934,471$588,414$506,723$943,756
67$967,176$554,636$461,088$964,746
68$1,001,246$517,231$411,952$986,263
69$1,036,756$475,958$359,136$1,008,336
70$1,073,790$430,565$302,452$1,030,999
71$1,112,437$380,783$241,704$1,054,290
72$1,152,793$326,329$176,689$1,078,250
73$1,194,963$266,903$107,192$1,102,926
74$1,239,058$202,191$32,992$1,128,369
75$1,285,200$131,856$0$1,154,637
76$1,333,522$55,548$0$1,188,695
77$1,384,165$0$0$1,229,422
78$1,437,284$0$0$1,273,492
79$1,493,047$0$0$1,322,969
80$1,551,637$0$0$1,374,960
81$1,613,251$0$0$1,429,641
82$1,678,105$0$0$1,487,205
83$1,746,434$0$0$1,547,859
84$1,818,493$0$0$1,611,833
85$1,894,561$0$0$1,679,373
86$1,974,940$0$0$1,750,752
87$2,059,964$0$0$1,826,264
88$2,149,992$0$0$1,906,231
89$2,245,421$0$0$1,991,006
90$2,346,681$0$0$2,080,974
91$2,454,245$0$0$2,176,556
92$2,568,629$0$0$2,278,212
93$2,690,398$0$0$2,386,445
94$2,820,170$0$0$2,501,808
95$2,958,623$0$0$2,624,904
96$3,106,497$0$0$2,756,395
97$3,264,607$0$0$2,897,006
98$3,433,843$0$0$3,047,533
99$3,615,183$0$0$3,208,847
100$3,809,699$0$0$3,381,904