Can I retire at age 60 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$49,878$49,433$49,000$48,577$48,164$46,455
2 years$24,692$24,232$23,786$23,354$22,935$21,232
3 years$16,298$15,836$15,391$14,963$14,551$12,906
4 years$12,102$11,641$11,201$10,780$10,378$8,805
5 years$9,584$9,127$8,692$8,280$7,889$6,392
6 years$7,907$7,453$7,025$6,622$6,242$4,822
7 years$6,709$6,259$5,838$5,444$5,077$3,733
8 years$5,811$5,365$4,951$4,567$4,212$2,943
9 years$5,113$4,671$4,264$3,890$3,547$2,352
10 years$4,555$4,117$3,718$3,353$3,022$1,899
11 years$4,099$3,665$3,273$2,918$2,599$1,545
12 years$3,719$3,290$2,905$2,560$2,252$1,265
13 years$3,398$2,973$2,595$2,260$1,964$1,041
14 years$3,122$2,702$2,332$2,006$1,722$860
15 years$2,884$2,469$2,105$1,789$1,516$713
16 years$2,676$2,265$1,909$1,602$1,340$592
17 years$2,492$2,086$1,737$1,439$1,188$493
18 years$2,329$1,928$1,585$1,297$1,056$412
19 years$2,184$1,786$1,451$1,172$941$344
20 years$2,053$1,660$1,332$1,062$841$288
21 years$1,934$1,546$1,225$963$753$241
22 years$1,827$1,443$1,129$876$675$202
23 years$1,729$1,350$1,043$798$606$169
24 years$1,640$1,265$964$728$544$142
25 years$1,557$1,187$893$664$490$119
26 years$1,481$1,116$828$608$441$100
27 years$1,411$1,050$769$556$398$84
28 years$1,346$989$715$510$359$71
29 years$1,286$933$665$467$324$59
30 years$1,229$881$620$429$293$50
31 years$1,177$833$578$394$265$42
32 years$1,128$788$539$362$239$35
33 years$1,082$747$503$333$217$30
34 years$1,038$708$470$306$196$25
35 years$998$671$440$282$178$21
36 years$959$637$411$260$161$18
37 years$923$605$385$239$146$15
38 years$889$575$361$220$132$13
39 years$856$547$338$203$120$11
40 years$826$520$317$188$109$9
41 years$797$495$297$173$99$7
42 years$769$472$278$160$90$6
43 years$743$449$261$147$81$5
44 years$718$428$245$136$74$4
45 years$694$408$230$126$67$4
46 years$671$390$216$116$61$3
47 years$649$372$203$107$55$3
48 years$629$355$191$99$50$2
49 years$609$339$180$92$46$2
50 years$590$324$169$85$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $604,000, adding $4,373 every year, while hoping to spend $29,092 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: 49/37/14 Blend
59$604,000$604,000$604,000$604,000
60$670,119$638,107$628,745$700,164
61$707,517$638,420$618,854$721,631
62$747,755$637,774$607,657$741,558
63$791,092$636,091$595,079$762,559
64$837,811$633,287$581,042$784,743
65$888,226$629,276$565,465$808,234
66$942,679$623,965$548,262$833,167
67$1,001,548$617,255$529,345$859,696
68$1,065,247$609,041$508,619$887,991
69$1,134,232$599,214$485,987$918,241
70$1,209,004$587,656$461,348$950,656
71$1,290,113$574,242$434,594$985,470
72$1,378,166$558,841$405,615$1,022,943
73$1,473,829$541,315$374,293$1,063,365
74$1,577,835$521,514$340,507$1,107,055
75$1,690,990$499,285$304,130$1,154,372
76$1,814,182$474,460$265,029$1,205,710
77$1,948,387$446,867$223,066$1,261,510
78$2,094,680$416,321$178,096$1,322,258
79$2,254,242$382,625$129,967$1,388,497
80$2,428,375$345,575$78,521$1,460,826
81$2,618,513$304,951$23,595$1,539,909
82$2,826,231$260,524$0$1,626,486
83$3,053,267$212,050$0$1,726,603
84$3,301,531$159,271$0$1,840,037
85$3,573,129$101,916$0$1,964,290
86$3,870,376$39,699$0$2,100,502
87$4,195,826$0$0$2,249,933
88$4,552,288$0$0$2,425,247
89$4,942,856$0$0$2,635,110
90$5,370,939$0$0$2,865,197
91$5,840,289$0$0$3,117,535
92$6,355,041$0$0$3,394,353
93$6,919,747$0$0$3,698,110
94$7,539,423$0$0$4,031,512
95$8,219,593$0$0$4,397,542
96$8,966,341$0$0$4,799,484
97$9,786,370$0$0$5,240,955
98$10,687,064$0$0$5,725,942
99$11,676,557$0$0$6,258,835
100$12,763,810$0$0$6,844,473