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%17.2%
1 years$60,118$59,582$59,060$58,550$58,052$56,352
2 years$29,761$29,207$28,670$28,149$27,644$25,945
3 years$19,644$19,087$18,551$18,035$17,538$15,893
4 years$14,586$14,031$13,501$12,993$12,508$10,931
5 years$11,552$11,000$10,477$9,980$9,509$8,002
6 years$9,530$8,983$8,467$7,981$7,524$6,090
7 years$8,087$7,544$7,036$6,562$6,119$4,757
8 years$7,004$6,466$5,967$5,505$5,076$3,786
9 years$6,163$5,630$5,139$4,689$4,275$3,056
10 years$5,490$4,963$4,481$4,042$3,642$2,492
11 years$4,940$4,418$3,945$3,517$3,133$2,049
12 years$4,482$3,965$3,501$3,085$2,715$1,696
13 years$4,095$3,583$3,128$2,724$2,367$1,411
14 years$3,763$3,257$2,810$2,418$2,075$1,178
15 years$3,476$2,976$2,537$2,156$1,827$988
16 years$3,225$2,730$2,300$1,931$1,615$830
17 years$3,004$2,514$2,093$1,735$1,432$700
18 years$2,808$2,323$1,911$1,563$1,273$591
19 years$2,632$2,153$1,749$1,413$1,135$500
20 years$2,474$2,001$1,606$1,279$1,014$423
21 years$2,332$1,864$1,477$1,161$907$359
22 years$2,202$1,740$1,361$1,056$813$304
23 years$2,084$1,627$1,257$962$730$259
24 years$1,976$1,525$1,162$877$656$220
25 years$1,877$1,431$1,076$801$590$187
26 years$1,785$1,345$998$732$532$159
27 years$1,701$1,265$927$670$479$135
28 years$1,623$1,192$862$614$433$115
29 years$1,550$1,125$802$563$391$98
30 years$1,482$1,062$747$517$353$84
31 years$1,419$1,004$696$475$319$71
32 years$1,359$950$650$436$289$61
33 years$1,304$900$607$401$261$52
34 years$1,252$853$567$369$236$44
35 years$1,202$809$530$340$214$38
36 years$1,156$768$496$313$194$32
37 years$1,113$729$464$288$176$27
38 years$1,071$693$435$266$159$23
39 years$1,032$659$407$245$145$20
40 years$995$627$382$226$131$17
41 years$960$597$358$209$119$14
42 years$927$568$336$192$108$12
43 years$895$542$315$178$98$11
44 years$865$516$296$164$89$9
45 years$836$492$278$151$81$8
46 years$809$470$261$140$73$7
47 years$783$448$245$129$67$6
48 years$758$428$230$119$60$5
49 years$734$409$216$110$55$4
50 years$711$390$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $728,000, adding $4,168 every year, while hoping to spend $59,227 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: 65/14/21 Blend
59$728,000$728,000$728,000$728,000
60$806,555$767,971$756,687$854,403
61$825,807$742,585$719,019$861,687
62$845,037$713,969$678,104$862,539
63$864,181$681,904$633,771$862,085
64$883,166$646,156$585,841$860,201
65$901,908$606,477$534,126$856,749
66$920,316$562,607$478,432$851,584
67$938,282$514,269$418,554$844,545
68$955,690$461,172$354,279$835,459
69$972,408$403,006$285,384$824,136
70$988,287$339,446$211,637$810,374
71$1,003,161$270,148$132,796$793,951
72$1,016,845$194,748$48,607$774,624
73$1,029,133$112,860$0$752,134
74$1,039,795$24,080$0$735,436
75$1,048,573$0$0$727,204
76$1,055,182$0$0$727,359
77$1,059,305$0$0$729,415
78$1,060,587$0$0$729,409
79$1,058,637$0$0$727,058
80$1,053,020$0$0$722,050
81$1,043,251$0$0$714,037
82$1,028,794$0$0$702,635
83$1,009,055$0$0$687,416
84$983,376$0$0$667,908
85$951,027$0$0$643,586
86$911,199$0$0$613,872
87$862,999$0$0$578,124
88$805,436$0$0$535,630
89$737,416$0$0$485,606
90$657,727$0$0$427,183
91$565,030$0$0$359,400
92$457,845$0$0$281,196
93$334,536$0$0$191,396
94$193,294$0$0$88,705
95$32,121$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0