Can I retire at age 60 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$60,613$60,073$59,546$59,032$58,530$56,770
2 years$30,006$29,448$28,906$28,381$27,872$26,113
3 years$19,806$19,244$18,704$18,184$17,683$15,981
4 years$14,706$14,147$13,612$13,100$12,612$10,980
5 years$11,647$11,091$10,563$10,062$9,587$8,030
6 years$9,609$9,057$8,537$8,047$7,586$6,104
7 years$8,153$7,606$7,094$6,616$6,169$4,763
8 years$7,062$6,520$6,016$5,550$5,118$3,787
9 years$6,214$5,676$5,182$4,727$4,310$3,052
10 years$5,536$5,004$4,518$4,075$3,672$2,486
11 years$4,981$4,454$3,977$3,546$3,158$2,041
12 years$4,519$3,998$3,530$3,111$2,737$1,687
13 years$4,129$3,613$3,154$2,746$2,387$1,402
14 years$3,794$3,284$2,834$2,438$2,092$1,169
15 years$3,505$3,000$2,558$2,174$1,842$979
16 years$3,252$2,753$2,319$1,947$1,628$822
17 years$3,029$2,535$2,111$1,749$1,444$691
18 years$2,831$2,342$1,927$1,576$1,284$583
19 years$2,654$2,171$1,764$1,424$1,144$492
20 years$2,495$2,017$1,619$1,290$1,022$416
21 years$2,351$1,879$1,489$1,171$914$352
22 years$2,220$1,754$1,372$1,064$820$298
23 years$2,101$1,641$1,267$969$736$253
24 years$1,992$1,537$1,172$884$661$215
25 years$1,892$1,442$1,085$807$595$182
26 years$1,800$1,356$1,007$738$536$155
27 years$1,715$1,276$935$676$483$132
28 years$1,636$1,202$869$619$436$112
29 years$1,563$1,134$809$568$394$95
30 years$1,494$1,071$753$521$356$81
31 years$1,430$1,013$702$479$322$69
32 years$1,370$958$655$440$291$59
33 years$1,314$907$612$404$263$50
34 years$1,262$860$572$372$238$42
35 years$1,212$816$534$343$216$36
36 years$1,166$774$500$316$196$31
37 years$1,122$735$468$291$177$26
38 years$1,080$699$438$268$161$22
39 years$1,041$664$410$247$146$19
40 years$1,003$632$385$228$132$16
41 years$968$602$361$210$120$14
42 years$934$573$338$194$109$12
43 years$903$546$318$179$99$10
44 years$872$521$298$165$90$9
45 years$843$496$280$153$81$7
46 years$815$473$263$141$74$6
47 years$789$452$247$130$67$5
48 years$764$431$232$120$61$4
49 years$740$412$218$111$55$4
50 years$717$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 $734,000, adding $5,472 every year, while hoping to spend $22,081 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: 75/12/13 Blend
59$734,000$734,000$734,000$734,000
60$814,512$775,610$764,233$873,017
61$874,099$790,121$766,341$926,902
62$939,023$804,603$767,780$982,643
63$1,009,805$819,031$768,503$1,043,124
64$1,087,021$833,379$768,463$1,108,812
65$1,171,300$847,617$767,609$1,180,216
66$1,263,337$861,716$765,889$1,257,902
67$1,363,899$875,641$763,247$1,342,489
68$1,473,826$889,357$759,626$1,434,661
69$1,594,046$902,825$754,963$1,535,171
70$1,725,580$916,005$749,196$1,644,851
71$1,869,553$928,852$742,257$1,764,614
72$2,027,201$941,320$734,077$1,895,468
73$2,199,889$953,358$724,581$2,038,524
74$2,389,117$964,912$713,694$2,195,006
75$2,596,538$975,924$701,335$2,366,262
76$2,823,975$986,334$687,419$2,553,778
77$3,073,431$996,075$671,858$2,759,191
78$3,347,116$1,005,078$654,560$2,984,307
79$3,647,463$1,013,268$635,430$3,231,113
80$3,977,153$1,020,567$614,365$3,501,802
81$4,339,136$1,026,888$591,260$3,798,789
82$4,736,666$1,032,144$566,005$4,124,735
83$5,173,325$1,036,237$538,485$4,482,574
84$5,653,058$1,039,067$508,578$4,875,539
85$6,180,214$1,040,526$476,160$5,307,192
86$6,759,582$1,040,498$441,097$5,781,461
87$7,396,439$1,038,861$403,253$6,302,672
88$8,096,597$1,035,487$362,484$6,875,594
89$8,866,462$1,030,238$318,639$7,505,484
90$9,713,089$1,022,968$271,562$8,198,134
91$10,644,254$1,013,522$221,088$8,959,929
92$11,668,520$1,001,738$167,047$9,797,904
93$12,795,326$987,440$109,260$10,719,813
94$14,035,070$970,445$47,541$11,734,203
95$15,399,208$950,557$0$12,850,492
96$16,900,364$927,571$0$14,081,601
97$18,552,447$901,268$0$15,443,632
98$20,370,781$871,415$0$16,942,620
99$22,372,255$837,768$0$18,592,491
100$24,575,473$800,068$0$20,408,591