Can I retire at age 60 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$52,355$51,889$51,434$50,990$50,556$50,007
2 years$25,918$25,436$24,968$24,514$24,074$23,522
3 years$17,107$16,622$16,156$15,707$15,274$14,735
4 years$12,703$12,219$11,757$11,316$10,893$10,372
5 years$10,060$9,580$9,124$8,692$8,281$7,778
6 years$8,300$7,823$7,374$6,951$6,552$6,070
7 years$7,042$6,570$6,128$5,715$5,329$4,866
8 years$6,100$5,631$5,197$4,794$4,421$3,978
9 years$5,367$4,903$4,476$4,083$3,723$3,299
10 years$4,781$4,322$3,902$3,520$3,172$2,768
11 years$4,302$3,848$3,435$3,063$2,728$2,343
12 years$3,904$3,453$3,049$2,687$2,364$1,998
13 years$3,566$3,121$2,724$2,372$2,062$1,713
14 years$3,278$2,837$2,447$2,106$1,807$1,477
15 years$3,027$2,591$2,210$1,878$1,591$1,278
16 years$2,809$2,378$2,003$1,681$1,406$1,110
17 years$2,616$2,190$1,823$1,511$1,247$967
18 years$2,445$2,023$1,664$1,362$1,109$844
19 years$2,292$1,875$1,524$1,230$988$738
20 years$2,155$1,743$1,398$1,114$883$647
21 years$2,031$1,623$1,286$1,011$790$568
22 years$1,918$1,515$1,185$919$708$500
23 years$1,815$1,417$1,094$837$636$440
24 years$1,721$1,328$1,012$764$571$388
25 years$1,635$1,246$937$697$514$342
26 years$1,555$1,171$869$638$463$302
27 years$1,481$1,102$807$584$417$267
28 years$1,413$1,038$751$535$377$236
29 years$1,350$980$698$490$340$208
30 years$1,291$925$651$450$307$184
31 years$1,235$875$607$413$278$163
32 years$1,184$828$566$380$251$145
33 years$1,135$784$528$349$227$128
34 years$1,090$743$494$321$206$113
35 years$1,047$705$462$296$187$101
36 years$1,007$669$432$273$169$89
37 years$969$635$404$251$153$79
38 years$933$604$378$231$139$70
39 years$899$574$355$213$126$62
40 years$867$546$332$197$114$55
41 years$836$520$312$182$104$49
42 years$807$495$292$168$94$43
43 years$780$472$274$155$85$39
44 years$753$450$257$143$77$34
45 years$728$429$242$132$70$30
46 years$704$409$227$122$64$27
47 years$682$390$213$113$58$24
48 years$660$373$200$104$53$21
49 years$639$356$188$96$48$19
50 years$619$340$177$89$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $634,000, adding $5,349 every year, while hoping to spend $46,665 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: 72/15/13 Blend
59$634,000$634,000$634,000$634,000
60$704,185$670,583$660,756$752,551
61$726,361$653,791$633,241$768,505
62$749,235$634,611$603,239$779,738
63$772,828$612,879$570,619$790,793
64$797,164$588,417$535,242$801,642
65$822,266$561,041$496,964$812,254
66$848,157$530,552$455,632$822,597
67$874,863$496,743$411,090$832,638
68$902,409$459,393$363,171$842,340
69$930,822$418,271$311,705$851,663
70$960,128$373,128$256,509$860,568
71$990,356$323,706$197,397$869,009
72$1,021,534$269,730$134,172$876,941
73$1,053,693$210,909$66,629$884,314
74$1,086,863$146,936$0$891,076
75$1,121,075$77,489$0$897,927
76$1,156,363$2,224$0$913,964
77$1,192,759$0$0$929,904
78$1,230,299$0$0$958,793
79$1,269,019$0$0$988,967
80$1,308,954$0$0$1,020,088
81$1,350,143$0$0$1,052,187
82$1,392,626$0$0$1,085,294
83$1,436,442$0$0$1,119,439
84$1,481,632$0$0$1,154,656
85$1,528,241$0$0$1,190,978
86$1,576,311$0$0$1,228,439
87$1,625,888$0$0$1,267,074
88$1,677,019$0$0$1,306,920
89$1,729,753$0$0$1,348,014
90$1,784,137$0$0$1,390,395
91$1,840,225$0$0$1,434,103
92$1,898,068$0$0$1,479,179
93$1,957,720$0$0$1,525,664
94$2,019,237$0$0$1,573,603
95$2,082,677$0$0$1,623,040
96$2,148,098$0$0$1,674,020
97$2,215,561$0$0$1,726,591
98$2,285,129$0$0$1,780,802
99$2,356,865$0$0$1,836,703
100$2,430,836$0$0$1,894,345