Can I retire at age 60 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$51,034$50,579$50,136$49,703$49,280$47,895
2 years$25,264$24,794$24,338$23,896$23,467$22,081
3 years$16,676$16,203$15,748$15,310$14,888$13,547
4 years$12,382$11,911$11,461$11,030$10,618$9,331
5 years$9,807$9,338$8,894$8,472$8,072$6,842
6 years$8,090$7,625$7,188$6,775$6,387$5,215
7 years$6,865$6,404$5,973$5,570$5,194$4,081
8 years$5,946$5,489$5,066$4,673$4,309$3,254
9 years$5,232$4,779$4,363$3,980$3,629$2,631
10 years$4,661$4,213$3,804$3,431$3,092$2,149
11 years$4,194$3,750$3,349$2,986$2,659$1,771
12 years$3,805$3,366$2,972$2,619$2,305$1,468
13 years$3,476$3,042$2,655$2,312$2,010$1,224
14 years$3,195$2,765$2,386$2,053$1,762$1,025
15 years$2,951$2,526$2,154$1,831$1,551$861
16 years$2,738$2,318$1,953$1,639$1,371$725
17 years$2,550$2,134$1,777$1,473$1,215$612
18 years$2,383$1,972$1,622$1,327$1,081$518
19 years$2,234$1,828$1,485$1,199$963$439
20 years$2,100$1,699$1,363$1,086$860$373
21 years$1,979$1,582$1,254$986$770$317
22 years$1,869$1,477$1,155$896$690$269
23 years$1,769$1,381$1,067$816$620$229
24 years$1,678$1,294$987$744$557$195
25 years$1,593$1,215$914$680$501$167
26 years$1,516$1,141$848$622$451$142
27 years$1,444$1,074$787$569$407$121
28 years$1,377$1,012$732$521$367$103
29 years$1,316$955$681$478$332$88
30 years$1,258$902$634$439$300$75
31 years$1,204$853$591$403$271$64
32 years$1,154$807$552$370$245$55
33 years$1,107$764$515$341$222$47
34 years$1,062$724$481$313$201$40
35 years$1,021$687$450$288$182$34
36 years$982$652$421$266$165$29
37 years$944$619$394$245$149$25
38 years$909$588$369$226$135$21
39 years$876$559$346$208$123$18
40 years$845$532$324$192$111$16
41 years$815$507$304$177$101$13
42 years$787$483$285$163$92$11
43 years$760$460$267$151$83$10
44 years$734$438$251$139$76$8
45 years$710$418$236$129$69$7
46 years$687$399$221$119$62$6
47 years$664$380$208$110$57$5
48 years$643$363$195$101$51$5
49 years$623$347$184$94$47$4
50 years$603$331$173$87$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $618,000, adding $4,655 every year, while hoping to spend $36,678 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: 54/32/14 Blend
59$618,000$618,000$618,000$618,000
60$685,838$653,084$643,505$720,102
61$716,768$646,060$626,037$736,929
62$749,624$637,462$606,755$750,898
63$784,563$627,175$585,559$765,265
64$821,758$615,077$562,344$780,078
65$861,398$601,036$537,004$795,389
66$903,689$584,915$509,422$811,259
67$948,859$566,570$479,481$827,756
68$997,155$545,844$447,056$844,959
69$1,048,850$522,576$412,018$862,957
70$1,104,243$496,592$374,230$881,849
71$1,163,660$467,709$333,552$901,748
72$1,227,462$435,736$289,834$922,784
73$1,296,043$400,466$242,923$945,098
74$1,369,835$361,685$192,656$968,854
75$1,449,314$319,163$138,867$994,233
76$1,535,003$272,661$81,377$1,021,439
77$1,627,474$221,922$20,004$1,050,702
78$1,727,358$166,678$0$1,082,280
79$1,835,347$106,644$0$1,123,255
80$1,952,204$41,521$0$1,170,784
81$2,078,763$0$0$1,222,268
82$2,215,946$0$0$1,288,356
83$2,364,763$0$0$1,375,960
84$2,526,328$0$0$1,471,119
85$2,701,864$0$0$1,574,561
86$2,892,717$0$0$1,687,086
87$3,100,368$0$0$1,809,574
88$3,326,445$0$0$1,942,993
89$3,572,743$0$0$2,088,410
90$3,841,233$0$0$2,246,997
91$4,134,087$0$0$2,420,045
92$4,453,696$0$0$2,608,976
93$4,802,690$0$0$2,815,353
94$5,183,965$0$0$3,040,899
95$5,600,708$0$0$3,287,510
96$6,056,431$0$0$3,557,273
97$6,554,998$0$0$3,852,486
98$7,100,664$0$0$4,175,681
99$7,698,116$0$0$4,529,644
100$8,352,513$0$0$4,917,445