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%15%
1 years$51,116$50,661$50,217$49,783$49,360$48,344
2 years$25,305$24,834$24,377$23,934$23,505$22,485
3 years$16,703$16,229$15,774$15,335$14,912$13,922
4 years$12,402$11,930$11,479$11,048$10,636$9,682
5 years$9,822$9,353$8,908$8,486$8,085$7,170
6 years$8,103$7,638$7,199$6,786$6,397$5,523
7 years$6,876$6,414$5,983$5,579$5,203$4,368
8 years$5,956$5,498$5,074$4,680$4,316$3,522
9 years$5,240$4,787$4,370$3,987$3,635$2,880
10 years$4,668$4,220$3,810$3,437$3,097$2,381
11 years$4,201$3,756$3,354$2,991$2,664$1,985
12 years$3,811$3,372$2,977$2,623$2,308$1,667
13 years$3,482$3,047$2,659$2,316$2,013$1,407
14 years$3,200$2,770$2,390$2,056$1,764$1,194
15 years$2,956$2,530$2,157$1,833$1,554$1,016
16 years$2,742$2,321$1,956$1,642$1,373$868
17 years$2,554$2,138$1,780$1,475$1,217$743
18 years$2,387$1,975$1,625$1,329$1,082$637
19 years$2,238$1,831$1,487$1,201$965$548
20 years$2,104$1,701$1,365$1,088$862$472
21 years$1,983$1,585$1,256$987$771$407
22 years$1,872$1,479$1,157$898$691$351
23 years$1,772$1,384$1,069$818$621$304
24 years$1,680$1,296$988$746$558$262
25 years$1,596$1,216$915$681$502$227
26 years$1,518$1,143$849$623$452$197
27 years$1,446$1,076$788$570$408$170
28 years$1,380$1,014$733$522$368$148
29 years$1,318$956$682$479$332$128
30 years$1,260$903$635$439$300$111
31 years$1,206$854$592$404$271$97
32 years$1,156$808$553$371$245$84
33 years$1,109$765$516$341$222$73
34 years$1,064$725$482$314$201$63
35 years$1,022$688$451$289$182$55
36 years$983$653$422$266$165$48
37 years$946$620$395$245$150$41
38 years$911$589$370$226$136$36
39 years$878$560$346$208$123$31
40 years$846$533$324$192$112$27
41 years$816$507$304$177$101$24
42 years$788$483$285$164$92$21
43 years$761$461$268$151$83$18
44 years$735$439$251$139$76$16
45 years$711$419$236$129$69$13
46 years$688$399$222$119$62$12
47 years$665$381$208$110$57$10
48 years$644$364$196$102$51$9
49 years$624$347$184$94$47$8
50 years$604$332$173$87$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $619,000, adding $2,702 every year, while hoping to spend $24,897 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: 33/47/20 Blend
59$619,000$619,000$619,000$619,000
60$684,925$652,118$642,524$703,227
61$728,297$657,582$637,558$722,523
62$775,259$662,479$631,591$740,835
63$826,150$666,755$624,564$760,052
64$881,344$670,352$616,414$780,269
65$941,252$673,211$607,075$801,592
66$1,006,326$675,264$596,478$824,139
67$1,077,063$676,444$584,552$848,042
68$1,154,011$676,677$571,221$873,447
69$1,237,770$675,884$556,407$900,520
70$1,329,003$673,983$540,028$929,442
71$1,428,439$670,885$521,996$960,419
72$1,536,879$666,498$502,223$993,676
73$1,655,206$660,723$480,613$1,029,468
74$1,784,393$653,453$457,069$1,068,074
75$1,925,507$644,579$431,487$1,109,807
76$2,079,727$633,982$403,760$1,155,017
77$2,248,349$621,537$373,776$1,204,088
78$2,432,800$607,111$341,416$1,257,452
79$2,634,651$590,565$306,559$1,315,583
80$2,855,632$571,749$269,076$1,379,014
81$3,097,649$550,508$228,832$1,448,330
82$3,362,801$526,674$185,690$1,524,185
83$3,653,397$500,071$139,501$1,607,302
84$3,971,983$470,515$90,114$1,698,483
85$4,321,362$437,807$37,370$1,798,618
86$4,704,622$401,740$0$1,908,692
87$5,125,162$362,093$0$2,033,836
88$5,586,728$318,635$0$2,179,995
89$6,093,445$271,120$0$2,340,566
90$6,649,860$219,288$0$2,517,072
91$7,260,978$162,865$0$2,711,199
92$7,932,314$101,562$0$2,924,809
93$8,669,943$35,072$0$3,159,962
94$9,480,560$0$0$3,418,930
95$10,371,538$0$0$3,723,326
96$11,351,000$0$0$4,077,993
97$12,427,897$0$0$4,468,045
98$13,612,088$0$0$4,897,067
99$14,914,438$0$0$5,369,007
100$16,346,917$0$0$5,888,216