Can I retire at age 60 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$50,456$50,006$49,568$49,140$48,722$47,954
2 years$24,978$24,513$24,062$23,625$23,201$22,430
3 years$16,487$16,019$15,570$15,137$14,720$13,968
4 years$12,242$11,776$11,331$10,905$10,498$9,773
5 years$9,696$9,233$8,793$8,376$7,981$7,284
6 years$7,999$7,539$7,106$6,699$6,315$5,647
7 years$6,787$6,331$5,905$5,507$5,136$4,497
8 years$5,879$5,427$5,008$4,620$4,260$3,651
9 years$5,172$4,725$4,314$3,935$3,588$3,007
10 years$4,608$4,165$3,761$3,392$3,057$2,504
11 years$4,146$3,708$3,311$2,952$2,629$2,104
12 years$3,762$3,328$2,938$2,589$2,278$1,780
13 years$3,437$3,008$2,625$2,286$1,987$1,515
14 years$3,159$2,734$2,359$2,029$1,742$1,295
15 years$2,918$2,497$2,130$1,810$1,533$1,112
16 years$2,707$2,291$1,931$1,620$1,355$957
17 years$2,521$2,110$1,757$1,456$1,202$827
18 years$2,356$1,950$1,604$1,312$1,068$716
19 years$2,209$1,807$1,468$1,186$952$621
20 years$2,077$1,679$1,347$1,074$851$539
21 years$1,957$1,564$1,239$975$761$469
22 years$1,848$1,460$1,142$886$682$409
23 years$1,749$1,366$1,055$807$613$357
24 years$1,659$1,280$975$736$551$311
25 years$1,575$1,201$903$672$495$272
26 years$1,498$1,129$838$615$446$238
27 years$1,428$1,062$778$563$402$208
28 years$1,362$1,001$723$515$363$182
29 years$1,301$944$673$473$328$160
30 years$1,244$892$627$434$296$140
31 years$1,191$843$585$398$268$123
32 years$1,141$798$545$366$242$107
33 years$1,094$755$509$337$219$94
34 years$1,050$716$476$310$198$83
35 years$1,009$679$445$285$180$73
36 years$970$644$416$263$163$64
37 years$934$612$389$242$148$56
38 years$899$582$365$223$134$49
39 years$866$553$342$206$121$43
40 years$835$526$320$190$110$38
41 years$806$501$300$175$100$33
42 years$778$477$282$162$91$29
43 years$751$455$264$149$82$26
44 years$726$433$248$138$75$22
45 years$702$413$233$127$68$20
46 years$679$394$219$117$62$17
47 years$657$376$206$109$56$15
48 years$636$359$193$100$51$13
49 years$616$343$182$93$46$12
50 years$597$328$171$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $611,000, adding $3,383 every year, while hoping to spend $42,749 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: 76/19/5 Blend
59$611,000$611,000$611,000$611,000
60$676,812$644,429$634,958$727,787
61$700,362$630,521$610,745$747,822
62$724,881$614,499$584,287$763,924
63$750,424$596,214$555,465$780,313
64$777,047$575,509$524,154$797,001
65$804,814$552,217$490,221$814,000
66$833,791$526,161$453,529$831,323
67$864,050$497,156$413,935$848,987
68$895,670$465,003$371,289$867,010
69$928,735$429,495$325,434$885,413
70$963,337$390,411$276,206$904,222
71$999,574$347,518$223,435$923,462
72$1,037,553$300,569$166,943$943,167
73$1,077,391$249,304$106,543$963,371
74$1,119,213$193,449$42,041$984,117
75$1,163,157$132,712$0$1,005,450
76$1,209,372$66,787$0$1,028,852
77$1,258,019$0$0$1,055,441
78$1,309,275$0$0$1,084,023
79$1,363,331$0$0$1,128,902
80$1,420,398$0$0$1,176,289
81$1,480,702$0$0$1,226,375
82$1,544,493$0$0$1,279,369
83$1,612,042$0$0$1,335,496
84$1,683,647$0$0$1,395,007
85$1,759,632$0$0$1,458,170
86$1,840,352$0$0$1,525,284
87$1,926,193$0$0$1,596,673
88$2,017,582$0$0$1,672,691
89$2,114,982$0$0$1,753,728
90$2,218,902$0$0$1,840,208
91$2,329,900$0$0$1,932,599
92$2,448,587$0$0$2,031,412
93$2,575,633$0$0$2,137,206
94$2,711,772$0$0$2,250,598
95$2,857,811$0$0$2,372,260
96$3,014,632$0$0$2,502,933
97$3,183,207$0$0$2,643,428
98$3,364,601$0$0$2,794,638
99$3,559,983$0$0$2,957,542
100$3,770,639$0$0$3,133,213