Can I retire at age 60 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$55,245$54,753$54,273$53,805$53,347$53,011
2 years$27,349$26,840$26,346$25,868$25,403$25,064
3 years$18,052$17,540$17,048$16,574$16,117$15,785
4 years$13,404$12,894$12,406$11,940$11,495$11,173
5 years$10,616$10,109$9,628$9,171$8,738$8,428
6 years$8,758$8,255$7,781$7,334$6,914$6,615
7 years$7,431$6,932$6,466$6,030$5,623$5,336
8 years$6,437$5,942$5,484$5,058$4,665$4,389
9 years$5,664$5,174$4,723$4,309$3,929$3,664
10 years$5,045$4,560$4,118$3,714$3,347$3,095
11 years$4,540$4,060$3,625$3,232$2,879$2,637
12 years$4,119$3,644$3,217$2,835$2,495$2,264
13 years$3,763$3,293$2,874$2,503$2,175$1,956
14 years$3,458$2,993$2,583$2,222$1,907$1,698
15 years$3,195$2,734$2,332$1,982$1,679$1,480
16 years$2,964$2,509$2,114$1,774$1,484$1,295
17 years$2,761$2,311$1,924$1,594$1,316$1,137
18 years$2,580$2,135$1,756$1,437$1,170$1,000
19 years$2,419$1,979$1,608$1,298$1,043$882
20 years$2,274$1,839$1,475$1,176$931$780
21 years$2,143$1,713$1,357$1,067$834$690
22 years$2,024$1,599$1,251$970$747$612
23 years$1,915$1,495$1,155$884$671$543
24 years$1,816$1,401$1,068$806$603$483
25 years$1,725$1,315$989$736$542$429
26 years$1,641$1,236$917$673$489$382
27 years$1,563$1,163$852$616$441$341
28 years$1,491$1,096$792$564$397$304
29 years$1,424$1,034$737$518$359$271
30 years$1,362$976$686$475$324$242
31 years$1,304$923$640$436$293$216
32 years$1,249$873$597$401$265$193
33 years$1,198$827$558$369$240$173
34 years$1,150$784$521$339$217$154
35 years$1,105$743$487$312$197$138
36 years$1,063$706$456$288$178$124
37 years$1,022$670$426$265$162$111
38 years$985$637$399$244$147$99
39 years$949$606$374$225$133$89
40 years$915$576$351$208$121$79
41 years$882$548$329$192$109$71
42 years$852$522$308$177$99$64
43 years$823$498$289$163$90$57
44 years$795$474$272$151$82$51
45 years$768$452$255$139$74$46
46 years$743$432$240$129$67$41
47 years$719$412$225$119$61$37
48 years$696$393$212$110$56$33
49 years$674$375$199$101$50$30
50 years$653$359$187$94$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $669,000, adding $5,992 every year, while hoping to spend $42,406 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: 66/5/29 Blend
59$669,000$669,000$669,000$669,000
60$743,419$707,962$697,592$786,424
61$774,128$697,532$675,842$805,771
62$806,548$685,170$651,942$821,652
63$840,809$670,737$625,775$838,087
64$877,052$654,084$597,219$855,136
65$915,432$635,055$566,147$872,864
66$956,119$613,484$532,425$891,345
67$999,295$589,197$495,913$910,663
68$1,045,163$562,008$456,467$930,911
69$1,093,944$531,721$413,933$952,195
70$1,145,880$498,129$368,153$974,630
71$1,201,234$461,011$318,960$998,349
72$1,260,295$420,137$266,181$1,023,497
73$1,323,382$375,260$209,635$1,050,239
74$1,390,842$326,123$149,132$1,078,757
75$1,463,056$272,451$84,476$1,109,255
76$1,540,441$213,954$15,460$1,141,960
77$1,623,457$150,329$0$1,177,125
78$1,712,606$81,251$0$1,233,039
79$1,808,440$6,380$0$1,298,283
80$1,911,565$0$0$1,368,492
81$2,022,647$0$0$1,448,234
82$2,142,416$0$0$1,534,624
83$2,271,676$0$0$1,627,894
84$2,411,308$0$0$1,728,685
85$2,562,283$0$0$1,837,701
86$2,725,665$0$0$1,955,716
87$2,902,626$0$0$2,083,582
88$3,094,454$0$0$2,222,234
89$3,302,564$0$0$2,372,701
90$3,528,515$0$0$2,536,116
91$3,774,019$0$0$2,713,724
92$4,040,961$0$0$2,906,893
93$4,331,414$0$0$3,117,132
94$4,647,658$0$0$3,346,097
95$4,992,204$0$0$3,595,614
96$5,367,814$0$0$3,867,690
97$5,777,529$0$0$4,164,536
98$6,224,693$0$0$4,488,584
99$6,712,991$0$0$4,842,512
100$7,246,476$0$0$5,229,267