Can I retire at age 60 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$56,732$56,226$55,733$55,252$54,782$53,919
2 years$28,085$27,562$27,055$26,564$26,087$25,219
3 years$18,537$18,012$17,506$17,020$16,551$15,706
4 years$13,764$13,241$12,740$12,262$11,804$10,989
5 years$10,901$10,381$9,887$9,418$8,973$8,189
6 years$8,993$8,477$7,990$7,532$7,100$6,349
7 years$7,631$7,119$6,640$6,192$5,774$5,056
8 years$6,610$6,102$5,631$5,195$4,790$4,105
9 years$5,816$5,313$4,850$4,425$4,034$3,381
10 years$5,181$4,683$4,228$3,814$3,437$2,816
11 years$4,662$4,169$3,723$3,319$2,956$2,366
12 years$4,230$3,742$3,304$2,912$2,562$2,002
13 years$3,864$3,382$2,952$2,570$2,234$1,703
14 years$3,552$3,074$2,652$2,282$1,958$1,456
15 years$3,281$2,808$2,394$2,035$1,724$1,250
16 years$3,044$2,576$2,171$1,822$1,524$1,077
17 years$2,835$2,373$1,975$1,637$1,351$930
18 years$2,649$2,192$1,803$1,475$1,201$805
19 years$2,484$2,032$1,651$1,333$1,071$698
20 years$2,335$1,888$1,515$1,207$956$606
21 years$2,200$1,759$1,394$1,096$856$528
22 years$2,078$1,642$1,284$996$767$460
23 years$1,967$1,535$1,186$907$689$401
24 years$1,865$1,439$1,097$828$619$350
25 years$1,771$1,350$1,016$756$557$306
26 years$1,685$1,269$942$691$502$267
27 years$1,605$1,194$875$633$452$234
28 years$1,531$1,125$813$580$408$205
29 years$1,462$1,062$757$531$369$179
30 years$1,398$1,003$705$488$333$157
31 years$1,339$948$657$448$301$138
32 years$1,283$897$613$412$272$121
33 years$1,230$849$573$379$246$106
34 years$1,181$805$535$348$223$93
35 years$1,135$763$500$321$202$82
36 years$1,091$725$468$295$183$72
37 years$1,050$688$438$272$166$63
38 years$1,011$654$410$251$150$55
39 years$974$622$384$231$136$48
40 years$939$592$360$213$124$43
41 years$906$563$338$197$112$37
42 years$875$536$317$182$102$33
43 years$845$511$297$168$92$29
44 years$816$487$279$155$84$25
45 years$789$465$262$143$76$22
46 years$763$443$246$132$69$20
47 years$739$423$231$122$63$17
48 years$715$404$217$113$57$15
49 years$692$386$204$104$52$13
50 years$671$368$192$96$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $687,000, adding $2,329 every year, while hoping to spend $51,569 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: 52/28/20 Blend
59$687,000$687,000$687,000$687,000
60$759,476$723,065$712,417$794,669
61$782,074$703,627$681,414$799,708
62$805,248$681,507$647,644$799,637
63$829,003$656,520$610,960$798,459
64$853,342$628,471$571,208$796,086
65$878,267$597,150$528,227$792,425
66$903,778$562,337$481,850$787,376
67$929,872$523,801$431,901$780,834
68$956,546$481,294$378,197$772,686
69$983,793$434,557$320,546$762,814
70$1,011,605$383,315$258,749$751,089
71$1,039,968$327,277$192,596$737,377
72$1,068,868$266,137$121,871$721,534
73$1,098,284$199,569$46,346$703,406
74$1,128,193$127,232$0$682,830
75$1,158,566$48,764$0$666,942
76$1,189,369$0$0$659,277
77$1,220,562$0$0$660,952
78$1,252,098$0$0$677,811
79$1,283,922$0$0$694,797
80$1,315,971$0$0$711,873
81$1,348,174$0$0$728,997
82$1,380,448$0$0$746,119
83$1,412,698$0$0$763,184
84$1,444,819$0$0$780,130
85$1,476,689$0$0$796,887
86$1,508,171$0$0$813,374
87$1,539,111$0$0$829,502
88$1,569,337$0$0$845,169
89$1,598,652$0$0$860,263
90$1,626,838$0$0$874,657
91$1,653,651$0$0$888,207
92$1,678,816$0$0$900,757
93$1,702,028$0$0$912,128
94$1,722,944$0$0$922,123
95$1,741,185$0$0$930,522
96$1,756,324$0$0$937,079
97$1,767,890$0$0$941,522
98$1,775,357$0$0$943,547
99$1,778,141$0$0$942,818
100$1,775,592$0$0$938,959