Can I retire at age 60 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$60,118$59,582$59,060$58,550$58,052$57,493
2 years$29,761$29,207$28,670$28,149$27,644$27,081
3 years$19,644$19,087$18,551$18,035$17,538$16,989
4 years$14,586$14,031$13,501$12,993$12,508$11,977
5 years$11,552$11,000$10,477$9,980$9,509$8,996
6 years$9,530$8,983$8,467$7,981$7,524$7,031
7 years$8,087$7,544$7,036$6,562$6,119$5,646
8 years$7,004$6,466$5,967$5,505$5,076$4,623
9 years$6,163$5,630$5,139$4,689$4,275$3,842
10 years$5,490$4,963$4,481$4,042$3,642$3,229
11 years$4,940$4,418$3,945$3,517$3,133$2,738
12 years$4,482$3,965$3,501$3,085$2,715$2,339
13 years$4,095$3,583$3,128$2,724$2,367$2,010
14 years$3,763$3,257$2,810$2,418$2,075$1,736
15 years$3,476$2,976$2,537$2,156$1,827$1,505
16 years$3,225$2,730$2,300$1,931$1,615$1,310
17 years$3,004$2,514$2,093$1,735$1,432$1,143
18 years$2,808$2,323$1,911$1,563$1,273$1,000
19 years$2,632$2,153$1,749$1,413$1,135$877
20 years$2,474$2,001$1,606$1,279$1,014$771
21 years$2,332$1,864$1,477$1,161$907$678
22 years$2,202$1,740$1,361$1,056$813$598
23 years$2,084$1,627$1,257$962$730$527
24 years$1,976$1,525$1,162$877$656$466
25 years$1,877$1,431$1,076$801$590$412
26 years$1,785$1,345$998$732$532$364
27 years$1,701$1,265$927$670$479$323
28 years$1,623$1,192$862$614$433$286
29 years$1,550$1,125$802$563$391$253
30 years$1,482$1,062$747$517$353$225
31 years$1,419$1,004$696$475$319$199
32 years$1,359$950$650$436$289$177
33 years$1,304$900$607$401$261$157
34 years$1,252$853$567$369$236$140
35 years$1,202$809$530$340$214$124
36 years$1,156$768$496$313$194$110
37 years$1,113$729$464$288$176$98
38 years$1,071$693$435$266$159$87
39 years$1,032$659$407$245$145$78
40 years$995$627$382$226$131$69
41 years$960$597$358$209$119$61
42 years$927$568$336$192$108$55
43 years$895$542$315$178$98$49
44 years$865$516$296$164$89$43
45 years$836$492$278$151$81$38
46 years$809$470$261$140$73$34
47 years$783$448$245$129$67$30
48 years$758$428$230$119$60$27
49 years$734$409$216$110$55$24
50 years$711$390$203$102$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $728,000, adding $3,867 every year, while hoping to spend $23,079 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: 37/49/14 Blend
59$728,000$728,000$728,000$728,000
60$806,245$767,661$756,377$832,499
61$863,926$780,720$757,160$864,740
62$926,717$793,646$757,195$897,043
63$995,115$806,408$756,434$931,434
64$1,069,666$818,971$754,824$968,111
65$1,150,973$831,302$752,311$1,007,294
66$1,239,697$843,361$748,839$1,049,225
67$1,336,568$855,107$744,347$1,094,171
68$1,442,389$866,498$738,773$1,142,428
69$1,558,041$877,485$732,051$1,194,323
70$1,684,499$888,020$724,112$1,250,217
71$1,822,833$898,048$714,885$1,310,509
72$1,974,223$907,512$704,294$1,375,639
73$2,139,966$916,353$692,260$1,446,095
74$2,321,493$924,504$678,701$1,522,413
75$2,520,377$931,898$663,530$1,605,188
76$2,738,354$938,459$646,657$1,695,077
77$2,977,333$944,110$627,987$1,792,803
78$3,239,417$948,768$607,421$1,899,168
79$3,526,924$952,343$584,855$2,015,056
80$3,842,404$954,742$560,182$2,141,443
81$4,188,669$955,864$533,287$2,279,406
82$4,568,814$955,603$504,054$2,430,138
83$4,986,251$953,845$472,357$2,594,953
84$5,444,736$950,471$438,068$2,775,301
85$5,948,407$945,352$401,052$2,972,787
86$6,501,825$938,355$361,168$3,189,178
87$7,110,013$929,335$318,268$3,426,429
88$7,778,502$918,141$272,199$3,686,694
89$8,513,391$904,612$222,799$3,972,354
90$9,321,395$888,576$169,900$4,286,036
91$10,209,914$869,853$113,329$4,630,637
92$11,187,100$848,251$52,901$5,009,359
93$12,261,937$823,567$0$5,425,731
94$13,444,320$795,588$0$5,885,380
95$14,745,153$764,084$0$6,399,420
96$16,176,452$728,817$0$6,964,716
97$17,751,452$689,531$0$7,586,535
98$19,484,740$645,958$0$8,270,684
99$21,392,387$597,813$0$9,023,570
100$23,492,099$544,796$0$9,852,258