Can I retire at age 60 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$54,254$53,771$53,300$52,839$52,390$50,632
2 years$26,859$26,358$25,874$25,404$24,948$23,194
3 years$17,728$17,226$16,742$16,276$15,828$14,133
4 years$13,163$12,663$12,184$11,726$11,289$9,666
5 years$10,425$9,928$9,455$9,007$8,581$7,035
6 years$8,601$8,107$7,641$7,203$6,790$5,322
7 years$7,298$6,808$6,350$5,922$5,522$4,132
8 years$6,321$5,836$5,385$4,968$4,581$3,267
9 years$5,562$5,081$4,638$4,231$3,858$2,619
10 years$4,955$4,479$4,044$3,647$3,287$2,121
11 years$4,459$3,987$3,560$3,174$2,827$1,732
12 years$4,045$3,579$3,159$2,784$2,450$1,423
13 years$3,696$3,234$2,823$2,458$2,136$1,175
14 years$3,396$2,940$2,536$2,182$1,873$974
15 years$3,137$2,685$2,290$1,946$1,649$810
16 years$2,911$2,464$2,076$1,742$1,457$676
17 years$2,711$2,269$1,889$1,566$1,292$565
18 years$2,534$2,097$1,725$1,411$1,149$473
19 years$2,375$1,943$1,579$1,275$1,024$397
20 years$2,233$1,806$1,449$1,155$915$333
21 years$2,104$1,682$1,333$1,048$819$280
22 years$1,987$1,570$1,228$953$734$236
23 years$1,881$1,468$1,134$868$659$198
24 years$1,783$1,376$1,049$791$592$167
25 years$1,694$1,291$971$723$533$141
26 years$1,611$1,213$901$661$480$119
27 years$1,535$1,142$837$605$433$100
28 years$1,464$1,076$778$554$390$85
29 years$1,399$1,015$724$508$352$71
30 years$1,337$959$674$466$318$60
31 years$1,280$906$629$428$288$51
32 years$1,227$858$586$394$260$43
33 years$1,177$812$548$362$236$36
34 years$1,130$770$512$333$213$31
35 years$1,085$730$478$307$193$26
36 years$1,043$693$447$282$175$22
37 years$1,004$658$419$260$159$19
38 years$967$625$392$240$144$16
39 years$932$595$367$221$131$13
40 years$898$566$344$204$118$11
41 years$867$539$323$188$107$9
42 years$836$513$303$174$97$8
43 years$808$489$284$160$88$7
44 years$781$466$267$148$80$6
45 years$755$444$251$137$73$5
46 years$730$424$235$126$66$4
47 years$706$404$221$117$60$3
48 years$684$386$208$108$55$3
49 years$662$369$195$100$50$2
50 years$641$352$184$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $657,000, adding $5,000 every year, while hoping to spend $47,698 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: 76/11/13 Blend
59$657,000$657,000$657,000$657,000
60$729,172$694,351$684,167$782,288
61$752,797$677,623$656,336$801,284
62$777,233$658,478$625,975$815,601
63$802,513$636,745$592,947$829,972
64$828,670$612,247$557,112$844,386
65$855,741$584,794$518,322$858,833
66$883,764$554,186$476,422$873,299
67$912,778$520,211$431,252$887,772
68$942,825$482,646$382,644$902,240
69$973,952$441,253$330,421$916,690
70$1,006,204$395,784$274,399$931,107
71$1,039,633$345,974$214,387$945,479
72$1,074,292$291,542$150,186$959,790
73$1,110,237$232,196$81,584$974,026
74$1,147,530$167,621$8,365$988,173
75$1,186,233$97,490$0$1,002,216
76$1,226,417$21,455$0$1,025,819
77$1,268,153$0$0$1,051,157
78$1,311,522$0$0$1,084,455
79$1,356,605$0$0$1,121,773
80$1,403,492$0$0$1,160,588
81$1,452,281$0$0$1,200,982
82$1,503,073$0$0$1,243,038
83$1,555,980$0$0$1,286,851
84$1,611,121$0$0$1,332,518
85$1,668,624$0$0$1,380,148
86$1,728,626$0$0$1,429,854
87$1,791,278$0$0$1,481,763
88$1,856,740$0$0$1,536,006
89$1,925,185$0$0$1,592,731
90$1,996,803$0$0$1,652,092
91$2,071,795$0$0$1,714,262
92$2,150,383$0$0$1,779,422
93$2,232,807$0$0$1,847,774
94$2,319,324$0$0$1,919,533
95$2,410,218$0$0$1,994,936
96$2,505,793$0$0$2,074,237
97$2,606,385$0$0$2,157,715
98$2,712,354$0$0$2,245,673
99$2,824,095$0$0$2,338,440
100$2,942,039$0$0$2,436,377