Can I retire at age 60 with 734,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12%
1 years$60,613$60,073$59,546$59,032$58,530$58,040
2 years$30,006$29,448$28,906$28,381$27,872$27,377
3 years$19,806$19,244$18,704$18,184$17,683$17,200
4 years$14,706$14,147$13,612$13,100$12,612$12,144
5 years$11,647$11,091$10,563$10,062$9,587$9,136
6 years$9,609$9,057$8,537$8,047$7,586$7,152
7 years$8,153$7,606$7,094$6,616$6,169$5,753
8 years$7,062$6,520$6,016$5,550$5,118$4,719
9 years$6,214$5,676$5,182$4,727$4,310$3,928
10 years$5,536$5,004$4,518$4,075$3,672$3,307
11 years$4,981$4,454$3,977$3,546$3,158$2,810
12 years$4,519$3,998$3,530$3,111$2,737$2,405
13 years$4,129$3,613$3,154$2,746$2,387$2,071
14 years$3,794$3,284$2,834$2,438$2,092$1,792
15 years$3,505$3,000$2,558$2,174$1,842$1,557
16 years$3,252$2,753$2,319$1,947$1,628$1,358
17 years$3,029$2,535$2,111$1,749$1,444$1,187
18 years$2,831$2,342$1,927$1,576$1,284$1,041
19 years$2,654$2,171$1,764$1,424$1,144$915
20 years$2,495$2,017$1,619$1,290$1,022$806
21 years$2,351$1,879$1,489$1,171$914$710
22 years$2,220$1,754$1,372$1,064$820$627
23 years$2,101$1,641$1,267$969$736$555
24 years$1,992$1,537$1,172$884$661$491
25 years$1,892$1,442$1,085$807$595$435
26 years$1,800$1,356$1,007$738$536$386
27 years$1,715$1,276$935$676$483$343
28 years$1,636$1,202$869$619$436$304
29 years$1,563$1,134$809$568$394$270
30 years$1,494$1,071$753$521$356$240
31 years$1,430$1,013$702$479$322$214
32 years$1,370$958$655$440$291$190
33 years$1,314$907$612$404$263$169
34 years$1,262$860$572$372$238$151
35 years$1,212$816$534$343$216$134
36 years$1,166$774$500$316$196$120
37 years$1,122$735$468$291$177$107
38 years$1,080$699$438$268$161$95
39 years$1,041$664$410$247$146$85
40 years$1,003$632$385$228$132$76
41 years$968$602$361$210$120$67
42 years$934$573$338$194$109$60
43 years$903$546$318$179$99$54
44 years$872$521$298$165$90$48
45 years$843$496$280$153$81$43
46 years$815$473$263$141$74$38
47 years$789$452$247$130$67$34
48 years$764$431$232$120$61$30
49 years$740$412$218$111$55$27
50 years$717$393$205$103$50$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $734,000, adding $5,744 every year, while hoping to spend $28,497 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: 86/9/5 Blend
59$734,000$734,000$734,000$734,000
60$814,793$775,891$764,514$884,398
61$867,581$783,589$759,805$938,310
62$924,799$790,709$753,982$992,997
63$986,867$797,193$746,980$1,052,163
64$1,054,251$802,978$738,727$1,116,239
65$1,127,459$807,999$729,149$1,185,697
66$1,207,053$812,184$718,169$1,261,060
67$1,293,651$815,460$705,705$1,342,900
68$1,387,931$817,745$691,674$1,431,849
69$1,490,641$818,955$675,986$1,528,605
70$1,602,603$819,001$658,549$1,633,932
71$1,724,723$817,787$639,264$1,748,674
72$1,857,997$815,210$618,032$1,873,762
73$2,003,521$811,164$594,744$2,010,219
74$2,162,503$805,534$569,291$2,159,173
75$2,336,272$798,198$541,556$2,321,865
76$2,526,291$789,029$511,417$2,499,665
77$2,734,170$777,890$478,748$2,694,080
78$2,961,685$764,636$443,415$2,906,770
79$3,210,788$749,114$405,281$3,139,566
80$3,483,631$731,163$364,200$3,394,483
81$3,782,582$710,610$320,021$3,673,743
82$4,110,249$687,274$272,586$3,979,792
83$4,469,507$660,963$221,730$4,315,328
84$4,863,520$631,473$167,281$4,683,321
85$5,295,773$598,589$109,058$5,087,045
86$5,770,105$562,083$46,875$5,530,108
87$6,290,745$521,715$0$6,016,484
88$6,862,351$477,229$0$6,551,594
89$7,490,054$428,357$0$7,141,960
90$8,179,508$374,814$0$7,790,409
91$8,936,937$316,300$0$8,502,815
92$9,769,203$252,496$0$9,285,648
93$10,683,861$183,069$0$10,146,039
94$11,689,239$107,662$0$11,091,845
95$12,794,507$25,903$0$12,131,722
96$14,009,770$0$0$13,275,211
97$15,346,163$0$0$14,539,024
98$16,815,950$0$0$15,931,818
99$18,432,647$0$0$17,463,837
100$20,211,143$0$0$19,149,191