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%17.8%
1 years$60,530$59,991$59,465$58,952$58,450$56,602
2 years$29,966$29,407$28,867$28,342$27,834$25,988
3 years$19,779$19,218$18,679$18,159$17,659$15,874
4 years$14,686$14,127$13,593$13,083$12,594$10,884
5 years$11,631$11,076$10,549$10,049$9,574$7,943
6 years$9,596$9,044$8,525$8,036$7,576$6,025
7 years$8,142$7,595$7,084$6,607$6,161$4,691
8 years$7,052$6,511$6,008$5,542$5,111$3,720
9 years$6,205$5,669$5,175$4,721$4,304$2,991
10 years$5,528$4,997$4,512$4,069$3,667$2,430
11 years$4,974$4,448$3,972$3,542$3,154$1,990
12 years$4,513$3,993$3,525$3,106$2,733$1,641
13 years$4,123$3,608$3,149$2,743$2,384$1,359
14 years$3,789$3,280$2,830$2,435$2,089$1,131
15 years$3,500$2,996$2,555$2,171$1,840$944
16 years$3,247$2,749$2,316$1,944$1,626$790
17 years$3,025$2,532$2,108$1,747$1,442$663
18 years$2,827$2,339$1,924$1,574$1,282$557
19 years$2,650$2,168$1,761$1,422$1,143$469
20 years$2,491$2,015$1,617$1,288$1,021$395
21 years$2,348$1,877$1,487$1,169$913$334
22 years$2,217$1,752$1,370$1,063$819$282
23 years$2,098$1,638$1,265$968$735$238
24 years$1,990$1,535$1,170$883$660$202
25 years$1,890$1,441$1,084$806$594$171
26 years$1,798$1,354$1,005$737$535$144
27 years$1,713$1,274$933$675$483$122
28 years$1,634$1,201$868$618$436$104
29 years$1,560$1,133$808$567$393$88
30 years$1,492$1,070$752$520$355$74
31 years$1,428$1,011$701$478$321$63
32 years$1,369$957$654$439$291$54
33 years$1,313$906$611$404$263$45
34 years$1,260$859$571$372$238$39
35 years$1,211$815$534$342$216$33
36 years$1,164$773$499$315$195$28
37 years$1,120$734$467$290$177$24
38 years$1,079$698$438$268$161$20
39 years$1,039$664$410$247$146$17
40 years$1,002$631$384$228$132$14
41 years$967$601$360$210$120$12
42 years$933$572$338$194$109$10
43 years$901$545$317$179$99$9
44 years$871$520$298$165$90$7
45 years$842$496$280$153$81$6
46 years$814$473$263$141$74$5
47 years$788$451$247$130$67$5
48 years$763$431$232$120$61$4
49 years$739$411$218$111$55$3
50 years$716$393$205$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $733,000, adding $6,524 every year, while hoping to spend $24,209 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: 65/25/10 Blend
59$733,000$733,000$733,000$733,000
60$814,496$775,647$764,285$865,274
61$871,816$787,895$764,130$912,190
62$934,172$799,932$763,159$959,978
63$1,002,050$811,722$761,318$1,011,570
64$1,075,990$823,227$758,553$1,067,335
65$1,156,580$834,405$754,804$1,127,678
66$1,244,473$845,212$750,011$1,193,050
67$1,340,383$855,601$744,110$1,263,942
68$1,445,098$865,522$737,034$1,340,900
69$1,559,486$874,920$728,713$1,424,524
70$1,684,502$883,740$719,073$1,515,475
71$1,821,197$891,919$708,038$1,614,482
72$1,970,728$899,392$695,526$1,722,348
73$2,134,371$906,090$681,455$1,839,961
74$2,313,527$911,939$665,734$1,968,297
75$2,509,744$916,861$648,273$2,108,432
76$2,724,722$920,771$628,974$2,261,554
77$2,960,335$923,581$607,736$2,428,972
78$3,218,648$925,196$584,455$2,612,128
79$3,501,935$925,515$559,019$2,812,614
80$3,812,699$924,432$531,312$3,032,183
81$4,153,698$921,833$501,215$3,272,768
82$4,527,971$917,598$468,601$3,536,502
83$4,938,863$911,599$433,338$3,825,733
84$5,390,060$903,701$395,289$4,143,054
85$5,885,624$893,760$354,309$4,491,320
86$6,430,028$881,624$310,248$4,873,680
87$7,028,199$867,132$262,949$5,293,605
88$7,685,566$850,112$212,249$5,754,922
89$8,408,110$830,384$157,975$6,261,851
90$9,202,420$807,755$99,950$6,819,042
91$10,075,755$782,023$37,986$7,431,623
92$11,036,112$752,973$0$8,105,247
93$12,092,304$720,377$0$8,849,146
94$13,254,039$683,996$0$9,671,708
95$14,532,013$643,573$0$10,576,472
96$15,938,011$598,841$0$11,571,807
97$17,485,018$549,514$0$12,666,941
98$19,187,342$495,293$0$13,872,043
99$21,060,747$435,858$0$15,198,321
100$23,122,603$370,874$0$16,658,130