Can I retire at age 60 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$54,502$54,017$53,543$53,081$52,629$51,864
2 years$26,981$26,479$25,992$25,520$25,062$24,292
3 years$17,809$17,304$16,818$16,351$15,900$15,151
4 years$13,224$12,720$12,239$11,780$11,340$10,616
5 years$10,473$9,973$9,498$9,048$8,621$7,924
6 years$8,640$8,144$7,676$7,236$6,821$6,153
7 years$7,331$6,839$6,379$5,949$5,547$4,908
8 years$6,350$5,862$5,410$4,990$4,602$3,992
9 years$5,587$5,104$4,659$4,251$3,876$3,294
10 years$4,977$4,499$4,062$3,664$3,302$2,748
11 years$4,479$4,005$3,576$3,189$2,840$2,313
12 years$4,064$3,595$3,174$2,797$2,461$1,961
13 years$3,713$3,249$2,836$2,469$2,146$1,672
14 years$3,412$2,953$2,548$2,192$1,881$1,433
15 years$3,152$2,698$2,300$1,955$1,656$1,232
16 years$2,924$2,475$2,086$1,750$1,464$1,063
17 years$2,723$2,279$1,898$1,573$1,298$920
18 years$2,545$2,106$1,732$1,417$1,154$798
19 years$2,386$1,952$1,586$1,281$1,029$694
20 years$2,243$1,814$1,456$1,160$919$604
21 years$2,114$1,690$1,339$1,053$822$527
22 years$1,996$1,577$1,234$957$737$460
23 years$1,889$1,475$1,139$872$662$402
24 years$1,792$1,382$1,054$795$595$352
25 years$1,702$1,297$976$726$535$308
26 years$1,619$1,219$905$664$482$270
27 years$1,542$1,147$840$608$435$237
28 years$1,471$1,081$781$557$392$208
29 years$1,405$1,020$727$511$354$183
30 years$1,343$963$677$469$320$160
31 years$1,286$910$631$430$289$141
32 years$1,232$861$589$395$262$124
33 years$1,182$816$550$364$237$109
34 years$1,135$773$514$335$214$96
35 years$1,090$733$480$308$194$84
36 years$1,048$696$449$284$176$74
37 years$1,009$661$421$261$159$65
38 years$971$628$394$241$145$57
39 years$936$597$369$222$131$51
40 years$902$568$346$205$119$44
41 years$871$541$324$189$108$39
42 years$840$515$304$174$98$34
43 years$812$491$286$161$89$30
44 years$784$468$268$149$81$27
45 years$758$446$252$137$73$24
46 years$733$426$236$127$66$21
47 years$710$406$222$117$60$18
48 years$687$388$209$108$55$16
49 years$665$370$196$100$50$14
50 years$644$354$184$93$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $660,000, adding $3,454 every year, while hoping to spend $26,626 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: 60/33/7 Blend
59$660,000$660,000$660,000$660,000
60$730,883$695,903$685,673$773,481
61$777,103$701,672$680,313$808,194
62$827,145$706,832$673,881$842,674
63$881,371$711,324$666,313$879,609
64$940,179$715,087$657,543$919,236
65$1,004,006$718,054$647,499$961,817
66$1,073,332$720,157$636,108$1,007,640
67$1,148,688$721,321$623,294$1,057,024
68$1,230,655$721,466$608,975$1,110,322
69$1,319,875$720,511$593,068$1,167,920
70$1,417,050$718,364$575,485$1,230,249
71$1,522,959$714,933$556,132$1,297,781
72$1,638,452$710,117$534,915$1,371,041
73$1,764,471$703,809$511,731$1,450,604
74$1,902,049$695,898$486,476$1,537,108
75$2,052,325$686,264$459,040$1,631,257
76$2,216,551$674,780$429,307$1,733,826
77$2,396,107$661,312$397,156$1,845,674
78$2,592,513$645,718$362,463$1,967,746
79$2,807,439$627,849$325,096$2,101,087
80$3,042,729$607,544$284,918$2,246,849
81$3,300,409$584,636$241,784$2,406,305
82$3,582,713$558,945$195,547$2,580,858
83$3,892,101$530,285$146,049$2,772,060
84$4,231,281$498,454$93,127$2,981,619
85$4,603,236$463,243$36,611$3,211,423
86$5,011,252$424,428$0$3,463,554
87$5,458,948$381,773$0$3,742,082
88$5,950,310$335,029$0$4,050,804
89$6,489,729$283,933$0$4,389,795
90$7,082,042$228,207$0$4,762,158
91$7,732,578$167,556$0$5,171,313
92$8,447,206$101,671$0$5,621,034
93$9,232,392$30,224$0$6,115,483
94$10,095,259$0$0$6,659,250
95$11,043,655$0$0$7,274,513
96$12,086,226$0$0$7,962,993
97$13,232,497$0$0$8,720,013
98$14,492,962$0$0$9,552,509
99$15,879,183$0$0$10,468,126
100$17,403,899$0$0$11,475,285