Can I retire at age 60 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$50,621$50,170$49,730$49,301$48,881$47,622
2 years$25,060$24,593$24,141$23,702$23,277$22,017
3 years$16,541$16,072$15,621$15,186$14,768$13,546
4 years$12,282$11,815$11,368$10,941$10,533$9,359
5 years$9,727$9,263$8,822$8,404$8,007$6,884
6 years$8,025$7,564$7,129$6,720$6,335$5,265
7 years$6,809$6,352$5,925$5,525$5,152$4,134
8 years$5,898$5,445$5,025$4,635$4,274$3,308
9 years$5,189$4,741$4,328$3,948$3,600$2,684
10 years$4,623$4,179$3,773$3,403$3,067$2,201
11 years$4,160$3,720$3,322$2,962$2,638$1,820
12 years$3,774$3,339$2,948$2,598$2,286$1,515
13 years$3,448$3,017$2,634$2,294$1,993$1,268
14 years$3,169$2,743$2,366$2,036$1,747$1,066
15 years$2,927$2,506$2,137$1,816$1,538$899
16 years$2,716$2,299$1,937$1,626$1,360$761
17 years$2,530$2,117$1,763$1,461$1,206$645
18 years$2,364$1,956$1,609$1,316$1,072$549
19 years$2,216$1,813$1,473$1,190$955$467
20 years$2,083$1,685$1,352$1,077$853$398
21 years$1,963$1,569$1,243$978$764$340
22 years$1,854$1,465$1,146$889$685$291
23 years$1,755$1,370$1,058$810$615$249
24 years$1,664$1,284$979$738$552$213
25 years$1,580$1,205$906$674$497$182
26 years$1,503$1,132$841$617$448$156
27 years$1,432$1,066$781$564$404$134
28 years$1,366$1,004$726$517$364$115
29 years$1,305$947$675$474$329$99
30 years$1,248$895$629$435$297$85
31 years$1,194$846$586$400$269$73
32 years$1,145$800$547$367$243$62
33 years$1,098$758$511$338$220$54
34 years$1,054$718$477$311$199$46
35 years$1,013$681$446$286$180$40
36 years$974$647$417$263$163$34
37 years$937$614$391$243$148$29
38 years$902$584$366$224$134$25
39 years$869$555$343$206$122$22
40 years$838$528$321$190$110$19
41 years$809$503$301$176$100$16
42 years$780$479$283$162$91$14
43 years$754$456$265$150$83$12
44 years$728$435$249$138$75$10
45 years$704$415$234$128$68$9
46 years$681$395$220$118$62$7
47 years$659$377$206$109$56$6
48 years$638$360$194$101$51$6
49 years$618$344$182$93$46$5
50 years$599$329$171$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $613,000, adding $2,508 every year, while hoping to spend $36,238 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: 37/39/24 Blend
59$613,000$613,000$613,000$613,000
60$678,113$645,624$636,123$698,241
61$708,724$638,703$618,876$706,282
62$741,242$630,228$599,836$711,431
63$775,824$620,084$578,907$716,271
64$812,642$608,152$555,984$720,800
65$851,882$594,302$530,959$725,013
66$893,749$578,398$503,722$728,911
67$938,469$560,297$474,154$732,497
68$986,287$539,846$442,132$735,780
69$1,037,473$516,883$407,529$738,772
70$1,092,324$491,239$370,210$741,490
71$1,151,165$462,733$330,035$743,958
72$1,214,350$431,174$286,858$746,208
73$1,282,273$396,360$240,527$748,279
74$1,355,361$358,078$190,881$750,219
75$1,434,086$316,103$137,754$752,086
76$1,518,967$270,196$80,973$753,952
77$1,610,572$220,105$20,355$755,900
78$1,709,525$165,565$0$758,030
79$1,816,514$106,295$0$771,811
80$1,932,293$41,999$0$792,325
81$2,057,692$0$0$814,565
82$2,193,623$0$0$850,628
83$2,341,090$0$0$909,377
84$2,501,196$0$0$973,235
85$2,675,154$0$0$1,042,697
86$2,864,298$0$0$1,118,305
87$3,070,099$0$0$1,200,656
88$3,294,171$0$0$1,290,408
89$3,538,292$0$0$1,388,284
90$3,804,419$0$0$1,495,080
91$4,094,705$0$0$1,611,673
92$4,411,522$0$0$1,739,028
93$4,757,476$0$0$1,878,206
94$5,135,442$0$0$2,030,377
95$5,548,580$0$0$2,196,829
96$6,000,372$0$0$2,378,978
97$6,494,651$0$0$2,578,385
98$7,035,637$0$0$2,796,770
99$7,627,977$0$0$3,036,024
100$8,276,789$0$0$3,298,233