Can I retire at age 60 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$53,346$52,871$52,407$51,955$51,513$49,528
2 years$26,409$25,917$25,440$24,978$24,530$22,554
3 years$17,431$16,937$16,462$16,004$15,563$13,658
4 years$12,943$12,451$11,980$11,530$11,100$9,280
5 years$10,251$9,761$9,297$8,856$8,438$6,708
6 years$8,457$7,971$7,513$7,082$6,676$5,038
7 years$7,176$6,694$6,244$5,823$5,430$3,882
8 years$6,215$5,738$5,295$4,885$4,504$3,046
9 years$5,469$4,996$4,561$4,161$3,793$2,423
10 years$4,872$4,404$3,976$3,586$3,232$1,946
11 years$4,384$3,920$3,500$3,121$2,780$1,575
12 years$3,977$3,519$3,107$2,738$2,409$1,283
13 years$3,634$3,180$2,775$2,417$2,101$1,050
14 years$3,340$2,890$2,494$2,146$1,841$863
15 years$3,085$2,640$2,252$1,913$1,621$711
16 years$2,862$2,423$2,041$1,713$1,433$587
17 years$2,666$2,231$1,858$1,539$1,271$486
18 years$2,491$2,062$1,696$1,387$1,130$403
19 years$2,336$1,911$1,552$1,254$1,007$335
20 years$2,196$1,775$1,425$1,135$899$278
21 years$2,069$1,654$1,310$1,030$805$232
22 years$1,954$1,544$1,208$937$721$193
23 years$1,849$1,444$1,115$853$648$161
24 years$1,754$1,353$1,031$778$582$134
25 years$1,665$1,270$955$711$524$112
26 years$1,584$1,193$886$650$472$93
27 years$1,509$1,123$823$595$425$78
28 years$1,440$1,058$765$545$384$65
29 years$1,375$998$712$500$347$54
30 years$1,315$943$663$459$313$45
31 years$1,259$891$618$421$283$38
32 years$1,206$843$577$387$256$32
33 years$1,157$799$538$356$232$26
34 years$1,111$757$503$328$210$22
35 years$1,067$718$470$302$190$19
36 years$1,026$681$440$278$172$15
37 years$987$647$412$256$156$13
38 years$951$615$386$236$142$11
39 years$916$585$361$217$128$9
40 years$883$556$339$201$116$8
41 years$852$530$318$185$106$6
42 years$822$504$298$171$96$5
43 years$794$481$279$158$87$4
44 years$768$458$262$146$79$4
45 years$742$437$246$134$72$3
46 years$718$417$231$124$65$3
47 years$694$398$217$115$59$2
48 years$672$380$204$106$54$2
49 years$651$363$192$98$49$2
50 years$631$346$181$91$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $646,000, adding $2,566 every year, while hoping to spend $44,256 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: 39/34/27 Blend
59$646,000$646,000$646,000$646,000
60$714,539$680,301$670,288$736,598
61$740,334$666,548$645,654$739,162
62$767,276$650,637$618,713$737,646
63$795,437$632,417$589,338$735,154
64$824,892$611,726$557,401$731,625
65$855,724$588,393$522,767$726,996
66$888,021$562,238$485,293$721,201
67$921,881$533,069$444,832$714,173
68$957,407$500,684$401,228$705,840
69$994,715$464,869$354,321$696,132
70$1,033,926$425,398$303,942$684,973
71$1,075,177$382,033$249,914$672,287
72$1,118,612$334,520$192,053$657,996
73$1,164,392$282,592$130,168$642,018
74$1,212,689$225,968$64,058$624,273
75$1,263,692$164,350$0$604,677
76$1,317,608$97,422$0$585,015
77$1,374,662$24,854$0$583,149
78$1,435,098$0$0$580,584
79$1,499,186$0$0$597,396
80$1,567,219$0$0$625,157
81$1,639,518$0$0$654,705
82$1,716,433$0$0$686,188
83$1,798,348$0$0$719,772
84$1,885,684$0$0$755,634
85$1,978,901$0$0$793,971
86$2,078,504$0$0$834,998
87$2,185,046$0$0$878,951
88$2,299,133$0$0$926,089
89$2,421,430$0$0$976,695
90$2,552,667$0$0$1,031,083
91$2,693,643$0$0$1,089,592
92$2,845,239$0$0$1,152,600
93$3,008,417$0$0$1,220,519
94$3,184,238$0$0$1,293,802
95$3,373,866$0$0$1,372,946
96$3,578,577$0$0$1,458,499
97$3,799,778$0$0$1,551,062
98$4,039,010$0$0$1,651,297
99$4,297,971$0$0$1,759,928
100$4,578,527$0$0$1,877,757