Can I retire at age 60 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$54,420$53,935$53,462$53,000$52,550$51,363
2 years$26,940$26,439$25,952$25,481$25,024$23,834
3 years$17,782$17,278$16,793$16,326$15,876$14,721
4 years$13,203$12,701$12,221$11,762$11,323$10,212
5 years$10,457$9,958$9,484$9,034$8,607$7,543
6 years$8,627$8,131$7,664$7,225$6,811$5,794
7 years$7,320$6,829$6,369$5,940$5,539$4,570
8 years$6,340$5,853$5,402$4,983$4,595$3,674
9 years$5,579$5,096$4,652$4,244$3,870$2,995
10 years$4,970$4,492$4,056$3,659$3,297$2,469
11 years$4,472$3,999$3,571$3,184$2,836$2,052
12 years$4,058$3,589$3,169$2,793$2,457$1,717
13 years$3,707$3,244$2,831$2,466$2,143$1,445
14 years$3,407$2,949$2,544$2,189$1,878$1,221
15 years$3,147$2,694$2,297$1,952$1,654$1,036
16 years$2,920$2,471$2,082$1,748$1,462$882
17 years$2,719$2,276$1,895$1,570$1,296$752
18 years$2,542$2,103$1,730$1,415$1,152$643
19 years$2,383$1,949$1,584$1,279$1,027$551
20 years$2,240$1,811$1,453$1,158$917$472
21 years$2,111$1,687$1,337$1,051$821$406
22 years$1,993$1,575$1,232$956$736$349
23 years$1,887$1,473$1,138$870$661$300
24 years$1,789$1,380$1,052$794$594$259
25 years$1,699$1,295$974$725$534$223
26 years$1,616$1,217$904$663$481$192
27 years$1,540$1,145$839$607$434$166
28 years$1,469$1,079$780$556$392$143
29 years$1,403$1,018$726$510$354$124
30 years$1,341$962$676$468$319$107
31 years$1,284$909$630$430$289$92
32 years$1,230$860$588$395$261$80
33 years$1,180$815$549$363$236$69
34 years$1,133$772$513$334$214$60
35 years$1,089$732$480$308$194$52
36 years$1,047$695$449$283$176$45
37 years$1,007$660$420$261$159$39
38 years$970$627$393$241$144$33
39 years$934$597$369$222$131$29
40 years$901$568$345$205$119$25
41 years$869$540$324$189$108$22
42 years$839$515$304$174$98$19
43 years$810$490$285$161$89$16
44 years$783$467$268$148$81$14
45 years$757$446$251$137$73$12
46 years$732$425$236$127$66$11
47 years$708$406$222$117$60$9
48 years$686$387$208$108$55$8
49 years$664$370$196$100$50$7
50 years$643$353$184$92$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $659,000, adding $4,704 every year, while hoping to spend $50,964 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: 56/28/16 Blend
59$659,000$659,000$659,000$659,000
60$731,070$696,143$685,929$768,685
61$751,414$676,029$654,682$774,666
62$772,125$653,221$620,680$775,256
63$793,186$627,533$583,778$774,740
64$814,579$598,770$543,822$773,025
65$836,278$566,722$500,652$770,007
66$858,258$531,171$454,103$765,579
67$880,484$491,882$404,000$759,623
68$902,920$448,611$350,161$752,013
69$925,523$401,098$292,396$742,615
70$948,242$349,067$230,507$731,286
71$971,020$292,229$164,286$717,870
72$993,792$230,277$93,518$702,202
73$1,016,485$162,886$17,977$684,104
74$1,039,014$89,715$0$663,384
75$1,061,284$10,402$0$650,532
76$1,083,190$0$0$638,603
77$1,104,610$0$0$647,575
78$1,125,409$0$0$659,337
79$1,145,435$0$0$670,587
80$1,164,520$0$0$681,222
81$1,182,471$0$0$691,121
82$1,199,078$0$0$700,153
83$1,214,102$0$0$708,171
84$1,227,280$0$0$715,009
85$1,238,316$0$0$720,485
86$1,246,882$0$0$724,394
87$1,252,612$0$0$726,511
88$1,255,102$0$0$726,582
89$1,253,899$0$0$724,329
90$1,248,503$0$0$719,441
91$1,238,358$0$0$711,572
92$1,222,847$0$0$700,342
93$1,201,286$0$0$685,326
94$1,172,918$0$0$666,055
95$1,136,904$0$0$642,010
96$1,092,312$0$0$612,614
97$1,038,115$0$0$577,232
98$973,173$0$0$535,157
99$896,226$0$0$485,611
100$805,879$0$0$427,731