Can I retire at age 60 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$51,116$50,661$50,217$49,783$49,360$48,784
2 years$25,305$24,834$24,377$23,934$23,505$22,925
3 years$16,703$16,229$15,774$15,335$14,912$14,346
4 years$12,402$11,930$11,479$11,048$10,636$10,088
5 years$9,822$9,353$8,908$8,486$8,085$7,558
6 years$8,103$7,638$7,199$6,786$6,397$5,891
7 years$6,876$6,414$5,983$5,579$5,203$4,718
8 years$5,956$5,498$5,074$4,680$4,316$3,852
9 years$5,240$4,787$4,370$3,987$3,635$3,192
10 years$4,668$4,220$3,810$3,437$3,097$2,674
11 years$4,201$3,756$3,354$2,991$2,664$2,261
12 years$3,811$3,372$2,977$2,623$2,308$1,925
13 years$3,482$3,047$2,659$2,316$2,013$1,649
14 years$3,200$2,770$2,390$2,056$1,764$1,419
15 years$2,956$2,530$2,157$1,833$1,554$1,227
16 years$2,742$2,321$1,956$1,642$1,373$1,064
17 years$2,554$2,138$1,780$1,475$1,217$925
18 years$2,387$1,975$1,625$1,329$1,082$807
19 years$2,238$1,831$1,487$1,201$965$705
20 years$2,104$1,701$1,365$1,088$862$617
21 years$1,983$1,585$1,256$987$771$541
22 years$1,872$1,479$1,157$898$691$475
23 years$1,772$1,384$1,069$818$621$417
24 years$1,680$1,296$988$746$558$367
25 years$1,596$1,216$915$681$502$323
26 years$1,518$1,143$849$623$452$285
27 years$1,446$1,076$788$570$408$251
28 years$1,380$1,014$733$522$368$222
29 years$1,318$956$682$479$332$196
30 years$1,260$903$635$439$300$173
31 years$1,206$854$592$404$271$153
32 years$1,156$808$553$371$245$135
33 years$1,109$765$516$341$222$120
34 years$1,064$725$482$314$201$106
35 years$1,022$688$451$289$182$94
36 years$983$653$422$266$165$83
37 years$946$620$395$245$150$73
38 years$911$589$370$226$136$65
39 years$878$560$346$208$123$57
40 years$846$533$324$192$112$51
41 years$816$507$304$177$101$45
42 years$788$483$285$164$92$40
43 years$761$461$268$151$83$35
44 years$735$439$251$139$76$31
45 years$711$419$236$129$69$28
46 years$688$399$222$119$62$25
47 years$665$381$208$110$57$22
48 years$644$364$196$102$51$19
49 years$624$347$184$94$47$17
50 years$604$332$173$87$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $619,000, adding $5,678 every year, while hoping to spend $31,172 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: 70/22/8 Blend
59$619,000$619,000$619,000$619,000
60$687,995$655,188$645,593$734,804
61$725,004$654,125$634,054$765,465
62$764,742$651,966$621,083$794,637
63$807,457$648,623$606,600$825,710
64$853,417$644,005$590,521$858,862
65$902,918$638,014$572,756$894,293
66$956,285$630,546$553,213$932,222
67$1,013,876$621,493$531,795$972,891
68$1,076,083$610,737$508,402$1,016,568
69$1,143,337$598,157$482,927$1,063,548
70$1,216,112$583,621$455,259$1,114,158
71$1,294,928$566,991$425,284$1,168,758
72$1,380,360$548,123$392,879$1,227,747
73$1,473,035$526,860$357,920$1,291,564
74$1,573,648$503,039$320,273$1,360,696
75$1,682,960$476,488$279,802$1,435,678
76$1,801,809$447,023$236,362$1,517,103
77$1,931,117$414,450$189,804$1,605,626
78$2,071,898$378,565$139,970$1,701,968
79$2,225,269$339,152$86,696$1,806,928
80$2,392,457$295,982$29,811$1,921,387
81$2,574,816$248,813$0$2,046,316
82$2,773,833$197,390$0$2,185,427
83$2,991,145$141,444$0$2,340,155
84$3,228,556$80,689$0$2,509,277
85$3,488,051$14,826$0$2,694,257
86$3,771,816$0$0$2,896,705
87$4,082,256$0$0$3,132,070
88$4,422,021$0$0$3,393,630
89$4,794,028$0$0$3,680,045
90$5,201,490$0$0$3,993,792
91$5,647,945$0$0$4,337,600
92$6,137,289$0$0$4,714,475
93$6,673,814$0$0$5,127,725
94$7,262,246$0$0$5,580,997
95$7,907,791$0$0$6,078,306
96$8,616,182$0$0$6,624,074
97$9,393,736$0$0$7,223,171
98$10,247,409$0$0$7,880,966
99$11,184,866$0$0$8,603,367
100$12,214,548$0$0$9,396,888