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%13.9%
1 years$60,200$59,664$59,141$58,630$58,131$57,192
2 years$29,802$29,247$28,709$28,188$27,682$26,738
3 years$19,671$19,113$18,577$18,060$17,562$16,643
4 years$14,606$14,050$13,519$13,011$12,526$11,639
5 years$11,568$11,016$10,491$9,994$9,522$8,669
6 years$9,543$8,995$8,479$7,992$7,534$6,717
7 years$8,098$7,554$7,046$6,571$6,127$5,346
8 years$7,014$6,475$5,975$5,512$5,083$4,338
9 years$6,171$5,638$5,147$4,695$4,281$3,571
10 years$5,498$4,969$4,487$4,047$3,647$2,972
11 years$4,947$4,424$3,950$3,522$3,137$2,495
12 years$4,488$3,971$3,506$3,090$2,718$2,110
13 years$4,101$3,588$3,132$2,728$2,371$1,794
14 years$3,769$3,262$2,814$2,421$2,078$1,533
15 years$3,481$2,980$2,541$2,159$1,830$1,315
16 years$3,230$2,734$2,304$1,933$1,617$1,132
17 years$3,008$2,518$2,096$1,737$1,434$977
18 years$2,811$2,326$1,914$1,566$1,275$845
19 years$2,636$2,156$1,752$1,415$1,136$732
20 years$2,478$2,004$1,608$1,281$1,015$636
21 years$2,335$1,866$1,479$1,163$908$553
22 years$2,205$1,742$1,363$1,057$814$481
23 years$2,087$1,629$1,258$963$731$419
24 years$1,979$1,527$1,164$878$657$366
25 years$1,879$1,433$1,078$802$591$319
26 years$1,788$1,346$1,000$733$532$279
27 years$1,703$1,267$928$671$480$244
28 years$1,625$1,194$863$615$433$213
29 years$1,552$1,126$803$564$391$187
30 years$1,484$1,064$748$518$353$163
31 years$1,421$1,006$697$475$320$143
32 years$1,361$952$651$437$289$125
33 years$1,306$901$608$402$262$110
34 years$1,253$854$568$370$237$96
35 years$1,204$810$531$340$214$84
36 years$1,158$769$496$313$194$74
37 years$1,114$730$465$289$176$65
38 years$1,073$694$435$266$160$57
39 years$1,034$660$408$245$145$50
40 years$997$628$382$226$131$44
41 years$962$598$358$209$119$38
42 years$928$569$336$193$108$34
43 years$896$542$315$178$98$30
44 years$866$517$296$164$89$26
45 years$837$493$278$152$81$23
46 years$810$470$261$140$73$20
47 years$784$449$245$129$67$18
48 years$759$428$231$120$61$15
49 years$735$409$217$111$55$14
50 years$712$391$204$102$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $729,000, adding $6,193 every year, while hoping to spend $49,568 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: 70/5/25 Blend
59$729,000$729,000$729,000$729,000
60$809,746$771,109$759,810$860,873
61$839,600$756,153$732,523$880,930
62$870,838$738,804$702,661$896,538
63$903,549$718,890$670,086$912,451
64$937,828$696,233$634,651$928,695
65$973,781$670,643$596,206$945,304
66$1,011,520$641,918$554,592$962,312
67$1,051,168$609,845$509,645$979,761
68$1,092,860$574,200$461,190$997,697
69$1,136,740$534,744$409,048$1,016,174
70$1,182,966$491,226$353,030$1,035,252
71$1,231,712$443,379$292,940$1,054,999
72$1,283,164$390,922$228,571$1,075,493
73$1,337,527$333,557$159,709$1,096,820
74$1,395,026$270,972$86,129$1,119,079
75$1,455,902$202,834$7,599$1,142,380
76$1,520,424$128,792$0$1,166,846
77$1,588,881$48,477$0$1,212,947
78$1,661,593$0$0$1,263,993
79$1,738,906$0$0$1,320,322
80$1,821,202$0$0$1,383,141
81$1,908,897$0$0$1,450,105
82$2,002,448$0$0$1,521,564
83$2,102,355$0$0$1,597,904
84$2,209,165$0$0$1,679,546
85$2,323,480$0$0$1,766,953
86$2,445,958$0$0$1,860,633
87$2,577,321$0$0$1,961,142
88$2,718,362$0$0$2,069,091
89$2,869,952$0$0$2,185,150
90$3,033,044$0$0$2,310,054
91$3,208,689$0$0$2,444,613
92$3,398,036$0$0$2,589,712
93$3,602,352$0$0$2,746,328
94$3,823,026$0$0$2,915,532
95$4,061,586$0$0$3,098,500
96$4,319,710$0$0$3,296,527
97$4,599,244$0$0$3,511,035
98$4,902,217$0$0$3,743,588
99$5,230,859$0$0$3,995,906
100$5,587,624$0$0$4,269,880