Can I retire at age 60 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$60,530$59,991$59,465$58,952$58,450$56,309
2 years$29,966$29,407$28,867$28,342$27,834$25,700
3 years$19,779$19,218$18,679$18,159$17,659$15,600
4 years$14,686$14,127$13,593$13,083$12,594$10,627
5 years$11,631$11,076$10,549$10,049$9,574$7,702
6 years$9,596$9,044$8,525$8,036$7,576$5,801
7 years$8,142$7,595$7,084$6,607$6,161$4,483
8 years$7,052$6,511$6,008$5,542$5,111$3,528
9 years$6,205$5,669$5,175$4,721$4,304$2,814
10 years$5,528$4,997$4,512$4,069$3,667$2,268
11 years$4,974$4,448$3,972$3,542$3,154$1,842
12 years$4,513$3,993$3,525$3,106$2,733$1,505
13 years$4,123$3,608$3,149$2,743$2,384$1,236
14 years$3,789$3,280$2,830$2,435$2,089$1,019
15 years$3,500$2,996$2,555$2,171$1,840$843
16 years$3,247$2,749$2,316$1,944$1,626$699
17 years$3,025$2,532$2,108$1,747$1,442$581
18 years$2,827$2,339$1,924$1,574$1,282$483
19 years$2,650$2,168$1,761$1,422$1,143$403
20 years$2,491$2,015$1,617$1,288$1,021$336
21 years$2,348$1,877$1,487$1,169$913$281
22 years$2,217$1,752$1,370$1,063$819$235
23 years$2,098$1,638$1,265$968$735$197
24 years$1,990$1,535$1,170$883$660$165
25 years$1,890$1,441$1,084$806$594$138
26 years$1,798$1,354$1,005$737$535$115
27 years$1,713$1,274$933$675$483$97
28 years$1,634$1,201$868$618$436$81
29 years$1,560$1,133$808$567$393$68
30 years$1,492$1,070$752$520$355$57
31 years$1,428$1,011$701$478$321$48
32 years$1,369$957$654$439$291$40
33 years$1,313$906$611$404$263$34
34 years$1,260$859$571$372$238$28
35 years$1,211$815$534$342$216$24
36 years$1,164$773$499$315$195$20
37 years$1,120$734$467$290$177$17
38 years$1,079$698$438$268$161$14
39 years$1,039$664$410$247$146$12
40 years$1,002$631$384$228$132$10
41 years$967$601$360$210$120$8
42 years$933$572$338$194$109$7
43 years$901$545$317$179$99$6
44 years$871$520$298$165$90$5
45 years$842$496$280$153$81$4
46 years$814$473$263$141$74$3
47 years$788$451$247$130$67$3
48 years$763$431$232$120$61$2
49 years$739$411$218$111$55$2
50 years$716$393$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $733,000, adding $3,415 every year, while hoping to spend $51,307 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: 32/38/30 Blend
59$733,000$733,000$733,000$733,000
60$811,289$772,440$761,078$829,759
61$839,450$755,699$731,984$827,559
62$868,764$736,418$700,196$820,460
63$899,294$714,419$665,569$811,829
64$931,109$689,512$627,952$801,569
65$964,281$661,498$587,188$789,577
66$998,891$630,164$543,111$775,745
67$1,035,023$595,287$495,550$759,960
68$1,072,768$556,630$444,325$742,106
69$1,112,228$513,941$389,246$722,059
70$1,153,508$466,958$330,119$699,690
71$1,196,726$415,398$266,738$674,865
72$1,242,006$358,968$198,889$647,446
73$1,289,487$297,353$126,348$617,286
74$1,339,316$230,225$48,882$584,234
75$1,391,654$157,234$0$548,131
76$1,446,676$78,012$0$519,631
77$1,504,572$0$0$505,148
78$1,565,549$0$0$492,201
79$1,629,833$0$0$512,984
80$1,697,668$0$0$534,960
81$1,769,322$0$0$558,221
82$1,845,087$0$0$582,869
83$1,925,283$0$0$609,014
84$2,010,256$0$0$636,777
85$2,100,387$0$0$666,289
86$2,196,091$0$0$697,695
87$2,297,824$0$0$731,153
88$2,406,082$0$0$766,836
89$2,521,409$0$0$804,933
90$2,644,402$0$0$845,652
91$2,775,714$0$0$889,221
92$2,916,058$0$0$935,890
93$3,066,221$0$0$985,932
94$3,227,061$0$0$1,039,647
95$3,399,521$0$0$1,097,366
96$3,584,636$0$0$1,159,449
97$3,783,541$0$0$1,226,295
98$3,997,483$0$0$1,298,340
99$4,227,829$0$0$1,376,062
100$4,476,083$0$0$1,459,989