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%18.3%
1 years$51,116$50,661$50,217$49,783$49,360$47,704
2 years$25,305$24,834$24,377$23,934$23,505$21,852
3 years$16,703$16,229$15,774$15,335$14,912$13,316
4 years$12,402$11,930$11,479$11,048$10,636$9,107
5 years$9,822$9,353$8,908$8,486$8,085$6,629
6 years$8,103$7,638$7,199$6,786$6,397$5,014
7 years$6,876$6,414$5,983$5,579$5,203$3,893
8 years$5,956$5,498$5,074$4,680$4,316$3,078
9 years$5,240$4,787$4,370$3,987$3,635$2,467
10 years$4,668$4,220$3,810$3,437$3,097$1,998
11 years$4,201$3,756$3,354$2,991$2,664$1,631
12 years$3,811$3,372$2,977$2,623$2,308$1,340
13 years$3,482$3,047$2,659$2,316$2,013$1,107
14 years$3,200$2,770$2,390$2,056$1,764$918
15 years$2,956$2,530$2,157$1,833$1,554$763
16 years$2,742$2,321$1,956$1,642$1,373$637
17 years$2,554$2,138$1,780$1,475$1,217$532
18 years$2,387$1,975$1,625$1,329$1,082$446
19 years$2,238$1,831$1,487$1,201$965$374
20 years$2,104$1,701$1,365$1,088$862$314
21 years$1,983$1,585$1,256$987$771$264
22 years$1,872$1,479$1,157$898$691$222
23 years$1,772$1,384$1,069$818$621$187
24 years$1,680$1,296$988$746$558$157
25 years$1,596$1,216$915$681$502$133
26 years$1,518$1,143$849$623$452$112
27 years$1,446$1,076$788$570$408$94
28 years$1,380$1,014$733$522$368$80
29 years$1,318$956$682$479$332$67
30 years$1,260$903$635$439$300$57
31 years$1,206$854$592$404$271$48
32 years$1,156$808$553$371$245$41
33 years$1,109$765$516$341$222$34
34 years$1,064$725$482$314$201$29
35 years$1,022$688$451$289$182$24
36 years$983$653$422$266$165$21
37 years$946$620$395$245$150$17
38 years$911$589$370$226$136$15
39 years$878$560$346$208$123$12
40 years$846$533$324$192$112$11
41 years$816$507$304$177$101$9
42 years$788$483$285$164$92$8
43 years$761$461$268$151$83$6
44 years$735$439$251$139$76$5
45 years$711$419$236$129$69$5
46 years$688$399$222$119$62$4
47 years$665$381$208$110$57$3
48 years$644$364$196$102$51$3
49 years$624$347$184$94$47$2
50 years$604$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $619,000, adding $2,171 every year, while hoping to spend $20,261 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: 39/44/17 Blend
59$619,000$619,000$619,000$619,000
60$684,377$651,570$641,976$707,512
61$732,626$661,940$641,925$734,621
62$785,118$672,138$641,192$761,805
63$842,263$682,136$639,735$790,770
64$904,514$691,901$637,507$821,689
65$972,369$701,399$634,458$854,750
66$1,046,377$710,594$630,539$890,164
67$1,127,141$719,447$625,696$928,163
68$1,215,325$727,915$619,872$969,003
69$1,311,660$735,955$613,009$1,012,967
70$1,416,951$743,518$605,047$1,060,369
71$1,532,084$750,554$595,920$1,111,555
72$1,658,034$757,009$585,561$1,166,908
73$1,795,876$762,825$573,900$1,226,849
74$1,946,793$767,941$560,863$1,291,847
75$2,112,087$772,291$546,373$1,362,417
76$2,293,192$775,806$530,349$1,439,130
77$2,491,690$778,412$512,707$1,522,616
78$2,709,318$780,031$493,359$1,613,571
79$2,947,994$780,578$472,212$1,712,763
80$3,209,829$779,965$449,170$1,821,043
81$3,497,146$778,098$424,132$1,939,348
82$3,812,507$774,877$396,993$2,068,713
83$4,158,732$770,196$367,642$2,210,284
84$4,538,929$763,942$335,964$2,365,322
85$4,956,520$755,995$301,839$2,535,224
86$5,415,276$746,230$265,142$2,721,529
87$5,919,351$734,512$225,740$2,925,938
88$6,473,320$720,698$183,498$3,150,327
89$7,082,226$704,639$138,272$3,396,770
90$7,751,621$686,175$89,912$3,667,552
91$8,487,625$665,137$38,264$3,965,199
92$9,296,981$641,346$0$4,292,497
93$10,187,114$614,613$0$4,655,579
94$11,166,209$584,738$0$5,062,386
95$12,243,282$551,510$0$5,509,749
96$13,428,267$514,704$0$6,001,832
97$14,732,110$474,084$0$6,543,230
98$16,166,871$429,400$0$7,139,012
99$17,745,838$380,387$0$7,794,766
100$19,483,653$326,766$0$8,516,655