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%15%
1 years$60,200$59,664$59,141$58,630$58,131$56,934
2 years$29,802$29,247$28,709$28,188$27,682$26,481
3 years$19,671$19,113$18,577$18,060$17,562$16,396
4 years$14,606$14,050$13,519$13,011$12,526$11,402
5 years$11,568$11,016$10,491$9,994$9,522$8,444
6 years$9,543$8,995$8,479$7,992$7,534$6,504
7 years$8,098$7,554$7,046$6,571$6,127$5,145
8 years$7,014$6,475$5,975$5,512$5,083$4,148
9 years$6,171$5,638$5,147$4,695$4,281$3,392
10 years$5,498$4,969$4,487$4,047$3,647$2,804
11 years$4,947$4,424$3,950$3,522$3,137$2,338
12 years$4,488$3,971$3,506$3,090$2,718$1,963
13 years$4,101$3,588$3,132$2,728$2,371$1,657
14 years$3,769$3,262$2,814$2,421$2,078$1,406
15 years$3,481$2,980$2,541$2,159$1,830$1,197
16 years$3,230$2,734$2,304$1,933$1,617$1,022
17 years$3,008$2,518$2,096$1,737$1,434$875
18 years$2,811$2,326$1,914$1,566$1,275$751
19 years$2,636$2,156$1,752$1,415$1,136$645
20 years$2,478$2,004$1,608$1,281$1,015$556
21 years$2,335$1,866$1,479$1,163$908$479
22 years$2,205$1,742$1,363$1,057$814$414
23 years$2,087$1,629$1,258$963$731$357
24 years$1,979$1,527$1,164$878$657$309
25 years$1,879$1,433$1,078$802$591$268
26 years$1,788$1,346$1,000$733$532$232
27 years$1,703$1,267$928$671$480$201
28 years$1,625$1,194$863$615$433$174
29 years$1,552$1,126$803$564$391$151
30 years$1,484$1,064$748$518$353$131
31 years$1,421$1,006$697$475$320$114
32 years$1,361$952$651$437$289$99
33 years$1,306$901$608$402$262$86
34 years$1,253$854$568$370$237$74
35 years$1,204$810$531$340$214$65
36 years$1,158$769$496$313$194$56
37 years$1,114$730$465$289$176$49
38 years$1,073$694$435$266$160$42
39 years$1,034$660$408$245$145$37
40 years$997$628$382$226$131$32
41 years$962$598$358$209$119$28
42 years$928$569$336$193$108$24
43 years$896$542$315$178$98$21
44 years$866$517$296$164$89$18
45 years$837$493$278$152$81$16
46 years$810$470$261$140$73$14
47 years$784$449$245$129$67$12
48 years$759$428$231$120$61$10
49 years$735$409$217$111$55$9
50 years$712$391$204$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $729,000, adding $6,893 every year, while hoping to spend $48,711 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: 70/8/22 Blend
59$729,000$729,000$729,000$729,000
60$810,468$771,831$760,532$862,301
61$841,308$757,823$734,181$883,798
62$873,660$741,495$705,316$900,956
63$907,629$722,684$673,799$918,554
64$943,325$701,214$639,490$936,631
65$980,871$676,900$602,239$955,232
66$1,020,398$649,546$561,892$974,407
67$1,062,051$618,945$518,287$994,213
68$1,105,985$584,879$471,255$1,014,714
69$1,152,372$547,115$420,619$1,035,983
70$1,201,399$505,408$366,194$1,058,100
71$1,253,268$459,499$307,788$1,081,158
72$1,308,201$409,115$245,199$1,105,258
73$1,366,442$353,965$178,217$1,130,517
74$1,428,254$293,745$106,622$1,157,062
75$1,493,927$228,130$30,186$1,185,039
76$1,563,779$156,780$0$1,214,609
77$1,638,157$79,334$0$1,258,015
78$1,717,439$0$0$1,311,743
79$1,802,042$0$0$1,369,390
80$1,892,421$0$0$1,438,456
81$1,989,077$0$0$1,512,343
82$2,092,555$0$0$1,591,472
83$2,203,456$0$0$1,676,306
84$2,322,440$0$0$1,767,352
85$2,450,228$0$0$1,865,166
86$2,587,615$0$0$1,970,360
87$2,735,469$0$0$2,083,604
88$2,894,748$0$0$2,205,636
89$3,066,502$0$0$2,337,265
90$3,251,884$0$0$2,479,379
91$3,452,162$0$0$2,632,956
92$3,668,729$0$0$2,799,070
93$3,903,115$0$0$2,978,899
94$4,157,005$0$0$3,173,743
95$4,432,248$0$0$3,385,027
96$4,730,879$0$0$3,614,320
97$5,055,137$0$0$3,863,348
98$5,407,484$0$0$4,134,008
99$5,790,626$0$0$4,428,388
100$6,207,544$0$0$4,748,785