Can I retire at age 60 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$52,273$51,807$51,353$50,909$50,476$49,336
2 years$25,877$25,396$24,928$24,476$24,036$22,894
3 years$17,080$16,596$16,130$15,682$15,250$14,140
4 years$12,683$12,200$11,739$11,298$10,876$9,809
5 years$10,045$9,565$9,110$8,678$8,268$7,245
6 years$8,287$7,811$7,362$6,940$6,542$5,565
7 years$7,031$6,559$6,118$5,706$5,320$4,390
8 years$6,090$5,622$5,188$4,786$4,414$3,529
9 years$5,359$4,895$4,469$4,077$3,717$2,877
10 years$4,774$4,315$3,896$3,514$3,167$2,371
11 years$4,296$3,841$3,430$3,058$2,724$1,971
12 years$3,897$3,448$3,044$2,683$2,360$1,649
13 years$3,561$3,116$2,720$2,368$2,058$1,388
14 years$3,272$2,832$2,444$2,102$1,804$1,173
15 years$3,023$2,587$2,206$1,875$1,589$995
16 years$2,804$2,374$2,000$1,679$1,404$847
17 years$2,612$2,186$1,820$1,508$1,245$722
18 years$2,441$2,020$1,662$1,359$1,107$618
19 years$2,289$1,872$1,521$1,228$987$529
20 years$2,151$1,740$1,396$1,112$881$454
21 years$2,027$1,621$1,284$1,010$789$390
22 years$1,915$1,513$1,183$918$707$335
23 years$1,812$1,415$1,093$836$635$289
24 years$1,718$1,326$1,011$763$570$249
25 years$1,632$1,244$936$696$513$214
26 years$1,552$1,169$868$637$462$185
27 years$1,479$1,100$806$583$417$159
28 years$1,411$1,037$749$534$376$138
29 years$1,348$978$697$490$340$119
30 years$1,289$924$650$449$307$103
31 years$1,233$873$606$413$277$89
32 years$1,182$826$565$379$251$77
33 years$1,134$782$528$349$227$66
34 years$1,088$742$493$321$206$57
35 years$1,046$703$461$295$186$50
36 years$1,005$668$431$272$169$43
37 years$967$634$403$251$153$37
38 years$932$603$378$231$139$32
39 years$898$573$354$213$126$28
40 years$865$545$332$197$114$24
41 years$835$519$311$181$103$21
42 years$806$494$292$167$94$18
43 years$778$471$274$154$85$16
44 years$752$449$257$143$77$14
45 years$727$428$241$132$70$12
46 years$703$408$227$122$64$10
47 years$680$390$213$112$58$9
48 years$659$372$200$104$53$8
49 years$638$355$188$96$48$7
50 years$618$339$177$89$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $633,000, adding $4,914 every year, while hoping to spend $37,240 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: 41/41/18 Blend
59$633,000$633,000$633,000$633,000
60$702,635$669,086$659,274$727,532
61$734,680$662,248$641,737$738,844
62$768,747$653,827$622,364$747,095
63$805,000$643,706$601,054$755,245
64$843,624$631,761$577,703$763,305
65$884,817$617,860$552,200$771,287
66$928,799$601,866$524,429$779,209
67$975,809$583,631$494,270$787,095
68$1,026,111$562,998$461,598$794,973
69$1,079,994$539,804$426,281$802,878
70$1,137,772$513,874$388,180$810,852
71$1,199,794$485,023$347,154$818,946
72$1,266,441$453,056$303,051$827,221
73$1,338,129$417,768$255,715$835,748
74$1,415,319$378,940$204,982$844,609
75$1,498,515$336,341$150,682$853,903
76$1,588,270$289,727$92,636$863,741
77$1,685,192$238,843$30,658$874,252
78$1,789,950$183,415$0$885,587
79$1,903,279$123,156$0$904,731
80$2,025,987$57,764$0$931,790
81$2,158,960$0$0$961,134
82$2,303,176$0$0$998,960
83$2,459,708$0$0$1,068,372
84$2,629,737$0$0$1,143,841
85$2,814,562$0$0$1,225,953
86$3,015,611$0$0$1,315,350
87$3,234,458$0$0$1,412,744
88$3,472,831$0$0$1,518,913
89$3,732,635$0$0$1,634,717
90$4,015,965$0$0$1,761,101
91$4,325,126$0$0$1,899,104
92$4,662,656$0$0$2,049,872
93$5,031,351$0$0$2,214,666
94$5,434,285$0$0$2,394,874
95$5,874,845$0$0$2,592,024
96$6,356,759$0$0$2,807,799
97$6,884,133$0$0$3,044,051
98$7,461,487$0$0$3,302,821
99$8,093,800$0$0$3,586,357
100$8,786,552$0$0$3,897,133