Can I retire at age 60 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$53,842$53,362$52,894$52,437$51,991$50,207
2 years$26,654$26,158$25,677$25,210$24,758$22,978
3 years$17,593$17,094$16,615$16,152$15,707$13,988
4 years$13,063$12,566$12,091$11,637$11,203$9,557
5 years$10,346$9,852$9,383$8,938$8,516$6,949
6 years$8,535$8,045$7,583$7,148$6,738$5,251
7 years$7,242$6,756$6,302$5,877$5,480$4,072
8 years$6,273$5,791$5,344$4,930$4,546$3,216
9 years$5,520$5,042$4,603$4,199$3,829$2,575
10 years$4,917$4,445$4,013$3,620$3,262$2,083
11 years$4,425$3,957$3,533$3,150$2,806$1,698
12 years$4,014$3,551$3,135$2,763$2,431$1,393
13 years$3,668$3,209$2,801$2,439$2,120$1,149
14 years$3,371$2,917$2,517$2,165$1,858$951
15 years$3,113$2,665$2,272$1,931$1,636$790
16 years$2,889$2,445$2,060$1,729$1,446$658
17 years$2,690$2,252$1,875$1,554$1,282$549
18 years$2,515$2,081$1,711$1,400$1,140$459
19 years$2,357$1,928$1,567$1,265$1,016$385
20 years$2,216$1,792$1,438$1,146$908$322
21 years$2,088$1,669$1,323$1,040$812$271
22 years$1,972$1,558$1,219$946$728$227
23 years$1,867$1,457$1,126$861$654$191
24 years$1,770$1,365$1,041$785$587$161
25 years$1,681$1,281$964$717$529$135
26 years$1,599$1,204$894$656$476$114
27 years$1,523$1,133$830$600$429$96
28 years$1,453$1,068$772$550$387$81
29 years$1,388$1,007$718$504$350$68
30 years$1,327$951$669$463$316$57
31 years$1,270$899$624$425$286$48
32 years$1,217$851$582$391$258$41
33 years$1,168$806$543$359$234$34
34 years$1,121$764$508$331$212$29
35 years$1,077$725$475$304$192$24
36 years$1,036$688$444$280$174$21
37 years$996$653$416$258$158$17
38 years$959$621$389$238$143$15
39 years$925$590$365$219$130$12
40 years$891$562$342$202$117$10
41 years$860$535$320$187$107$9
42 years$830$509$301$172$97$7
43 years$802$485$282$159$88$6
44 years$775$462$265$147$80$5
45 years$749$441$249$136$72$4
46 years$724$421$234$125$66$4
47 years$701$401$219$116$60$3
48 years$679$383$206$107$54$3
49 years$657$366$194$99$49$2
50 years$637$350$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $652,000, adding $2,426 every year, while hoping to spend $32,765 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: 70/12/18 Blend
59$652,000$652,000$652,000$652,000
60$721,006$686,450$676,344$768,207
61$759,687$685,225$664,140$798,733
62$801,216$682,841$650,429$828,009
63$845,847$679,208$635,126$859,228
64$893,862$674,228$618,142$892,578
65$945,570$667,799$599,383$928,267
66$1,001,309$659,811$578,753$966,524
67$1,061,451$650,150$556,150$1,007,603
68$1,126,404$638,693$531,466$1,051,784
69$1,196,618$625,310$504,591$1,099,377
70$1,272,587$609,864$475,409$1,150,723
71$1,354,853$592,210$443,797$1,206,201
72$1,444,013$572,192$409,629$1,266,227
73$1,540,722$549,650$372,771$1,331,263
74$1,645,702$524,409$333,086$1,401,818
75$1,759,747$496,289$290,427$1,478,453
76$1,883,729$465,095$244,645$1,561,791
77$2,018,609$430,624$195,579$1,652,516
78$2,165,443$392,660$143,067$1,751,386
79$2,325,393$350,975$86,935$1,859,237
80$2,499,739$305,329$27,003$1,976,992
81$2,689,889$255,466$0$2,105,671
82$2,897,392$201,119$0$2,253,497
83$3,123,954$142,002$0$2,420,609
84$3,371,453$77,815$0$2,603,226
85$3,641,956$8,243$0$2,802,904
86$3,937,738$0$0$3,021,355
87$4,261,306$0$0$3,269,322
88$4,615,418$0$0$3,541,921
89$5,003,112$0$0$3,840,409
90$5,427,734$0$0$4,167,364
91$5,892,969$0$0$4,525,629
92$6,402,872$0$0$4,918,332
93$6,961,914$0$0$5,348,921
94$7,575,016$0$0$5,821,190
95$8,247,598$0$0$6,339,321
96$8,985,631$0$0$6,907,919
97$9,795,692$0$0$7,532,057
98$10,685,025$0$0$8,217,322
99$11,661,611$0$0$8,969,869
100$12,734,240$0$0$9,796,479