Can I retire at age 60 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$60,200$59,664$59,141$58,630$58,131$56,069
2 years$29,802$29,247$28,709$28,188$27,682$25,626
3 years$19,671$19,113$18,577$18,060$17,562$15,578
4 years$14,606$14,050$13,519$13,011$12,526$10,627
5 years$11,568$11,016$10,491$9,994$9,522$7,715
6 years$9,543$8,995$8,479$7,992$7,534$5,820
7 years$8,098$7,554$7,046$6,571$6,127$4,505
8 years$7,014$6,475$5,975$5,512$5,083$3,552
9 years$6,171$5,638$5,147$4,695$4,281$2,839
10 years$5,498$4,969$4,487$4,047$3,647$2,292
11 years$4,947$4,424$3,950$3,522$3,137$1,865
12 years$4,488$3,971$3,506$3,090$2,718$1,527
13 years$4,101$3,588$3,132$2,728$2,371$1,257
14 years$3,769$3,262$2,814$2,421$2,078$1,038
15 years$3,481$2,980$2,541$2,159$1,830$860
16 years$3,230$2,734$2,304$1,933$1,617$715
17 years$3,008$2,518$2,096$1,737$1,434$595
18 years$2,811$2,326$1,914$1,566$1,275$497
19 years$2,636$2,156$1,752$1,415$1,136$415
20 years$2,478$2,004$1,608$1,281$1,015$347
21 years$2,335$1,866$1,479$1,163$908$291
22 years$2,205$1,742$1,363$1,057$814$244
23 years$2,087$1,629$1,258$963$731$204
24 years$1,979$1,527$1,164$878$657$172
25 years$1,879$1,433$1,078$802$591$144
26 years$1,788$1,346$1,000$733$532$121
27 years$1,703$1,267$928$671$480$102
28 years$1,625$1,194$863$615$433$85
29 years$1,552$1,126$803$564$391$72
30 years$1,484$1,064$748$518$353$60
31 years$1,421$1,006$697$475$320$51
32 years$1,361$952$651$437$289$43
33 years$1,306$901$608$402$262$36
34 years$1,253$854$568$370$237$30
35 years$1,204$810$531$340$214$25
36 years$1,158$769$496$313$194$21
37 years$1,114$730$465$289$176$18
38 years$1,073$694$435$266$160$15
39 years$1,034$660$408$245$145$13
40 years$997$628$382$226$131$11
41 years$962$598$358$209$119$9
42 years$928$569$336$193$108$8
43 years$896$542$315$178$98$6
44 years$866$517$296$164$89$5
45 years$837$493$278$152$81$5
46 years$810$470$261$140$73$4
47 years$784$449$245$129$67$3
48 years$759$428$231$120$61$3
49 years$735$409$217$111$55$2
50 years$712$391$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $729,000, adding $2,599 every year, while hoping to spend $31,509 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: 67/12/21 Blend
59$729,000$729,000$729,000$729,000
60$806,039$767,402$756,102$855,614
61$854,730$771,479$747,906$893,241
62$907,331$774,700$738,380$930,502
63$964,208$776,990$727,445$970,500
64$1,025,762$778,268$715,020$1,013,504
65$1,092,437$778,450$701,020$1,059,811
66$1,164,717$777,445$685,355$1,109,749
67$1,243,136$775,158$667,933$1,163,680
68$1,328,281$771,487$648,654$1,222,003
69$1,420,800$766,323$627,418$1,285,161
70$1,521,402$759,553$604,117$1,353,640
71$1,630,869$751,056$578,639$1,427,978
72$1,750,062$740,702$550,868$1,508,769
73$1,879,927$728,355$520,681$1,596,669
74$2,021,506$713,871$487,950$1,692,400
75$2,175,946$697,097$452,543$1,796,761
76$2,344,508$677,871$414,319$1,910,634
77$2,528,583$656,021$373,133$2,034,991
78$2,729,698$631,365$328,832$2,170,905
79$2,949,538$603,713$281,259$2,319,561
80$3,189,955$572,860$230,246$2,482,265
81$3,452,992$538,591$175,621$2,660,461
82$3,740,895$500,680$117,201$2,855,740
83$4,056,138$458,885$54,800$3,069,857
84$4,401,447$412,953$0$3,304,749
85$4,779,823$362,616$0$3,565,198
86$5,194,569$307,588$0$3,864,193
87$5,649,327$247,572$0$4,192,093
88$6,148,104$182,249$0$4,551,816
89$6,695,318$111,286$0$4,946,581
90$7,295,830$34,329$0$5,379,935
91$7,954,998$0$0$5,855,784
92$8,678,724$0$0$6,384,906
93$9,473,508$0$0$6,971,004
94$10,346,511$0$0$7,614,832
95$11,305,622$0$0$8,322,212
96$12,359,530$0$0$9,099,562
97$13,517,810$0$0$9,953,948
98$14,791,010$0$0$10,893,158
99$16,190,749$0$0$11,925,771
100$17,729,829$0$0$13,061,238