Can I retire at age 60 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$53,098$52,625$52,164$51,714$51,274$50,259
2 years$26,286$25,797$25,322$24,862$24,416$23,398
3 years$17,350$16,858$16,385$15,929$15,491$14,501
4 years$12,883$12,393$11,924$11,476$11,048$10,094
5 years$10,203$9,716$9,254$8,815$8,399$7,484
6 years$8,417$7,934$7,478$7,049$6,645$5,770
7 years$7,142$6,663$6,215$5,796$5,405$4,570
8 years$6,186$5,711$5,270$4,862$4,484$3,688
9 years$5,443$4,973$4,539$4,141$3,776$3,020
10 years$4,849$4,383$3,958$3,570$3,217$2,500
11 years$4,364$3,902$3,484$3,107$2,767$2,087
12 years$3,959$3,502$3,092$2,725$2,398$1,754
13 years$3,617$3,165$2,763$2,406$2,091$1,483
14 years$3,324$2,877$2,482$2,136$1,833$1,260
15 years$3,070$2,628$2,241$1,905$1,614$1,074
16 years$2,849$2,411$2,032$1,705$1,426$918
17 years$2,653$2,221$1,849$1,532$1,265$787
18 years$2,480$2,052$1,688$1,381$1,124$677
19 years$2,325$1,902$1,545$1,248$1,002$583
20 years$2,185$1,767$1,418$1,130$895$502
21 years$2,059$1,646$1,304$1,026$801$434
22 years$1,945$1,537$1,202$933$718$375
23 years$1,841$1,437$1,110$849$645$325
24 years$1,745$1,347$1,027$775$579$281
25 years$1,658$1,264$951$707$521$244
26 years$1,577$1,188$882$647$470$211
27 years$1,502$1,118$819$592$423$183
28 years$1,433$1,053$761$542$382$159
29 years$1,369$994$708$497$345$138
30 years$1,309$938$660$456$312$120
31 years$1,253$887$615$419$282$105
32 years$1,201$839$574$385$255$91
33 years$1,152$795$536$354$231$79
34 years$1,105$753$501$326$209$69
35 years$1,062$715$468$300$189$60
36 years$1,021$678$438$276$171$52
37 years$983$644$410$255$155$45
38 years$946$612$384$235$141$39
39 years$912$582$360$216$128$34
40 years$879$554$337$200$116$30
41 years$848$527$316$184$105$26
42 years$819$502$296$170$95$23
43 years$791$478$278$157$87$20
44 years$764$456$261$145$79$17
45 years$739$435$245$134$71$15
46 years$714$415$230$124$65$13
47 years$691$396$216$114$59$11
48 years$669$378$203$106$53$10
49 years$648$361$191$98$49$9
50 years$628$345$180$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $643,000, adding $4,562 every year, while hoping to spend $54,701 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: 69/16/15 Blend
59$643,000$643,000$643,000$643,000
60$713,292$679,213$669,246$759,730
61$727,846$654,293$633,465$766,304
62$742,052$626,318$594,651$766,546
63$755,815$595,082$552,646$765,414
64$769,031$560,364$507,283$762,767
65$781,584$521,934$458,388$758,449
66$793,341$479,544$405,780$752,291
67$804,157$432,937$349,269$744,110
68$813,868$381,837$288,656$733,705
69$822,291$325,956$223,735$720,856
70$829,224$264,987$154,289$705,325
71$834,441$198,607$80,093$686,849
72$837,689$126,475$912$665,146
73$838,690$48,229$0$639,903
74$837,133$0$0$624,159
75$832,674$0$0$611,620
76$824,930$0$0$605,053
77$813,476$0$0$595,644
78$797,843$0$0$583,036
79$777,510$0$0$566,830
80$751,898$0$0$546,588
81$720,369$0$0$521,822
82$682,214$0$0$491,993
83$636,652$0$0$456,506
84$582,816$0$0$414,700
85$519,746$0$0$365,847
86$446,384$0$0$309,139
87$361,558$0$0$243,686
88$263,974$0$0$168,501
89$152,201$0$0$82,496
90$24,658$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0