Can I retire at age 60 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$60,283$59,746$59,222$58,711$58,211$57,844
2 years$29,843$29,287$28,748$28,226$27,720$27,350
3 years$19,698$19,139$18,602$18,085$17,586$17,225
4 years$14,626$14,070$13,538$13,029$12,543$12,192
5 years$11,584$11,031$10,506$10,008$9,535$9,196
6 years$9,556$9,007$8,490$8,003$7,545$7,218
7 years$8,109$7,564$7,055$6,580$6,136$5,822
8 years$7,024$6,484$5,984$5,520$5,090$4,789
9 years$6,180$5,646$5,154$4,702$4,287$3,999
10 years$5,505$4,976$4,493$4,053$3,652$3,377
11 years$4,954$4,430$3,956$3,527$3,141$2,878
12 years$4,495$3,976$3,510$3,094$2,722$2,471
13 years$4,106$3,593$3,136$2,731$2,374$2,134
14 years$3,774$3,266$2,818$2,425$2,081$1,853
15 years$3,486$2,984$2,544$2,162$1,832$1,615
16 years$3,234$2,738$2,307$1,936$1,619$1,413
17 years$3,012$2,521$2,099$1,740$1,436$1,240
18 years$2,815$2,330$1,916$1,568$1,277$1,091
19 years$2,639$2,159$1,754$1,417$1,138$963
20 years$2,481$2,006$1,610$1,283$1,016$851
21 years$2,338$1,869$1,481$1,164$910$753
22 years$2,208$1,745$1,365$1,059$815$667
23 years$2,090$1,632$1,260$964$732$593
24 years$1,982$1,529$1,165$879$658$527
25 years$1,882$1,435$1,079$803$592$468
26 years$1,790$1,348$1,001$734$533$417
27 years$1,706$1,269$930$672$481$372
28 years$1,627$1,196$864$616$434$331
29 years$1,554$1,128$804$565$392$296
30 years$1,486$1,065$749$518$354$264
31 years$1,422$1,007$698$476$320$236
32 years$1,363$953$652$437$289$211
33 years$1,307$902$608$402$262$188
34 years$1,255$855$568$370$237$168
35 years$1,206$811$531$341$215$151
36 years$1,159$770$497$314$195$135
37 years$1,116$731$465$289$176$121
38 years$1,074$695$436$266$160$108
39 years$1,035$661$408$246$145$97
40 years$998$629$383$227$132$87
41 years$963$598$359$209$119$78
42 years$929$570$337$193$108$69
43 years$898$543$316$178$98$62
44 years$867$518$296$164$89$56
45 years$839$494$278$152$81$50
46 years$811$471$261$140$74$45
47 years$785$449$246$130$67$40
48 years$760$429$231$120$61$36
49 years$736$410$217$111$55$32
50 years$713$391$204$102$50$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $730,000, adding $4,124 every year, while hoping to spend $40,428 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: 50/24/26 Blend
59$730,000$730,000$730,000$730,000
60$808,714$770,024$758,709$843,031
61$848,188$764,740$741,111$862,100
62$890,333$757,842$721,568$878,431
63$935,379$749,209$699,973$895,375
64$983,578$738,711$676,212$913,008
65$1,035,207$726,211$650,169$931,417
66$1,090,567$711,565$621,719$950,698
67$1,149,993$694,619$590,734$970,962
68$1,213,847$675,210$557,079$992,333
69$1,282,531$653,167$520,613$1,014,950
70$1,356,484$628,308$481,188$1,038,970
71$1,436,190$600,439$438,652$1,064,569
72$1,522,177$569,356$392,843$1,091,946
73$1,615,030$534,845$343,594$1,121,322
74$1,715,387$496,677$290,729$1,152,945
75$1,823,954$454,611$234,065$1,187,093
76$1,941,502$408,392$173,411$1,224,077
77$2,068,882$357,751$108,567$1,264,244
78$2,207,030$302,402$39,326$1,307,982
79$2,356,973$242,046$0$1,355,724
80$2,519,843$176,364$0$1,417,540
81$2,696,882$105,022$0$1,496,646
82$2,889,460$27,664$0$1,582,784
83$3,099,082$0$0$1,676,689
84$3,327,405$0$0$1,793,986
85$3,576,252$0$0$1,929,858
86$3,847,629$0$0$2,078,106
87$4,143,744$0$0$2,239,945
88$4,467,028$0$0$2,416,711
89$4,820,156$0$0$2,609,880
90$5,206,075$0$0$2,821,071
91$5,628,026$0$0$3,052,071
92$6,089,581$0$0$3,304,845
93$6,594,671$0$0$3,581,558
94$7,147,624$0$0$3,884,594
95$7,753,208$0$0$4,216,578
96$8,416,672$0$0$4,580,400
97$9,143,797$0$0$4,979,245
98$9,940,951$0$0$5,416,619
99$10,815,146$0$0$5,896,383
100$11,774,106$0$0$6,422,793