Can I retire at age 60 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$56,154$55,654$55,166$54,689$54,224$52,615
2 years$27,799$27,281$26,779$26,293$25,821$24,213
3 years$18,349$17,829$17,328$16,846$16,382$14,826
4 years$13,624$13,106$12,610$12,137$11,684$10,191
5 years$10,790$10,275$9,786$9,322$8,882$7,457
6 years$8,902$8,390$7,909$7,455$7,028$5,672
7 years$7,553$7,046$6,572$6,129$5,716$4,428
8 years$6,542$6,040$5,574$5,142$4,742$3,522
9 years$5,757$5,259$4,801$4,379$3,993$2,841
10 years$5,128$4,635$4,185$3,775$3,402$2,315
11 years$4,615$4,127$3,685$3,286$2,926$1,902
12 years$4,187$3,704$3,270$2,882$2,536$1,573
13 years$3,825$3,347$2,922$2,544$2,211$1,308
14 years$3,515$3,043$2,625$2,258$1,938$1,092
15 years$3,247$2,779$2,370$2,014$1,707$915
16 years$3,013$2,550$2,149$1,803$1,508$768
17 years$2,806$2,348$1,955$1,620$1,337$647
18 years$2,622$2,170$1,785$1,460$1,189$546
19 years$2,459$2,011$1,634$1,320$1,060$461
20 years$2,311$1,869$1,500$1,195$947$390
21 years$2,178$1,741$1,379$1,085$847$331
22 years$2,057$1,625$1,271$986$759$280
23 years$1,947$1,520$1,174$898$682$238
24 years$1,846$1,424$1,086$819$613$202
25 years$1,753$1,336$1,005$748$551$172
26 years$1,668$1,256$933$684$497$146
27 years$1,589$1,182$866$626$448$124
28 years$1,516$1,114$805$574$404$106
29 years$1,448$1,051$749$526$365$90
30 years$1,384$992$698$483$330$77
31 years$1,325$938$651$443$298$65
32 years$1,270$888$607$407$270$55
33 years$1,218$841$567$375$244$47
34 years$1,169$797$530$345$221$40
35 years$1,123$756$495$317$200$34
36 years$1,080$717$463$292$181$29
37 years$1,039$681$433$269$164$25
38 years$1,001$647$406$248$149$21
39 years$964$616$380$229$135$18
40 years$930$586$356$211$123$15
41 years$897$558$334$195$111$13
42 years$866$531$314$180$101$11
43 years$836$506$294$166$92$10
44 years$808$482$276$153$83$8
45 years$781$460$259$141$75$7
46 years$755$439$244$131$68$6
47 years$731$419$229$121$62$5
48 years$708$400$215$112$56$4
49 years$685$382$202$103$51$4
50 years$664$365$190$95$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $680,000, adding $3,118 every year, while hoping to spend $32,806 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: 61/31/8 Blend
59$680,000$680,000$680,000$680,000
60$752,576$716,536$705,996$797,021
61$794,434$716,741$694,742$827,348
62$839,461$715,857$682,011$856,364
63$887,947$713,795$667,719$887,196
64$940,209$710,462$651,779$920,019
65$996,594$705,759$634,098$955,028
66$1,057,487$699,581$614,580$992,438
67$1,123,306$691,816$593,124$1,032,487
68$1,194,515$682,346$569,625$1,075,439
69$1,271,620$671,046$543,972$1,121,585
70$1,355,182$657,783$516,052$1,171,248
71$1,445,813$642,417$485,742$1,224,785
72$1,544,189$624,799$452,917$1,282,592
73$1,651,053$604,771$417,447$1,345,107
74$1,767,221$582,166$379,193$1,412,811
75$1,893,594$556,808$338,011$1,486,242
76$2,031,159$528,510$293,753$1,565,991
77$2,181,005$497,075$246,262$1,652,711
78$2,344,329$462,293$195,373$1,747,128
79$2,522,449$423,944$140,917$1,850,040
80$2,716,817$381,795$82,715$1,962,333
81$2,929,027$335,598$20,581$2,084,984
82$3,160,839$285,093$0$2,219,074
83$3,414,186$230,004$0$2,369,700
84$3,691,200$170,041$0$2,536,409
85$3,994,225$104,896$0$2,718,918
86$4,325,844$34,244$0$2,918,858
87$4,688,901$0$0$3,138,028
88$5,086,526$0$0$3,392,832
89$5,522,170$0$0$3,684,848
90$5,999,629$0$0$4,004,946
91$6,523,086$0$0$4,355,939
92$7,097,147$0$0$4,740,920
93$7,726,888$0$0$5,163,302
94$8,417,895$0$0$5,626,838
95$9,176,325$0$0$6,135,668
96$10,008,960$0$0$6,694,346
97$10,923,267$0$0$7,307,895
98$11,927,475$0$0$7,981,843
99$13,030,649$0$0$8,722,283
100$14,242,774$0$0$9,535,927