Can I retire at age 60 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$60,696$60,155$59,627$59,113$58,610$56,962
2 years$30,047$29,488$28,945$28,420$27,909$26,262
3 years$19,833$19,271$18,730$18,209$17,707$16,111
4 years$14,726$14,166$13,630$13,118$12,629$11,097
5 years$11,663$11,106$10,578$10,076$9,600$8,137
6 years$9,622$9,069$8,548$8,058$7,596$6,203
7 years$8,164$7,616$7,104$6,625$6,178$4,854
8 years$7,072$6,528$6,025$5,557$5,125$3,870
9 years$6,222$5,684$5,189$4,734$4,316$3,129
10 years$5,543$5,010$4,524$4,081$3,678$2,556
11 years$4,988$4,460$3,983$3,551$3,163$2,106
12 years$4,525$4,003$3,535$3,115$2,741$1,746
13 years$4,134$3,618$3,158$2,750$2,390$1,456
14 years$3,800$3,289$2,837$2,441$2,095$1,219
15 years$3,510$3,004$2,562$2,177$1,845$1,024
16 years$3,256$2,756$2,323$1,949$1,630$862
17 years$3,033$2,538$2,113$1,751$1,446$728
18 years$2,835$2,346$1,929$1,578$1,285$616
19 years$2,657$2,174$1,766$1,426$1,146$522
20 years$2,498$2,020$1,621$1,292$1,023$443
21 years$2,354$1,882$1,491$1,172$916$377
22 years$2,223$1,756$1,374$1,066$821$320
23 years$2,104$1,643$1,269$971$737$273
24 years$1,995$1,539$1,173$885$662$232
25 years$1,895$1,444$1,087$809$596$198
26 years$1,803$1,358$1,008$739$537$169
27 years$1,717$1,278$936$677$484$144
28 years$1,638$1,204$870$620$437$123
29 years$1,565$1,136$810$569$394$105
30 years$1,496$1,073$754$522$356$90
31 years$1,432$1,014$703$479$322$77
32 years$1,372$959$656$440$291$66
33 years$1,316$909$613$405$264$56
34 years$1,264$861$572$373$239$48
35 years$1,214$817$535$343$216$41
36 years$1,167$775$501$316$196$35
37 years$1,123$736$469$291$178$30
38 years$1,082$700$439$268$161$26
39 years$1,042$665$411$247$146$22
40 years$1,005$633$385$228$132$19
41 years$969$603$361$211$120$16
42 years$936$574$339$194$109$14
43 years$904$547$318$179$99$12
44 years$873$521$298$166$90$10
45 years$844$497$280$153$82$9
46 years$817$474$263$141$74$7
47 years$790$452$247$131$67$6
48 years$765$432$232$121$61$5
49 years$741$412$218$111$55$5
50 years$718$394$205$103$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $735,000, adding $4,817 every year, while hoping to spend $58,209 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: 57/28/15 Blend
59$735,000$735,000$735,000$735,000
60$814,939$775,984$764,591$857,966
61$836,129$752,073$728,271$863,767
62$857,529$725,040$688,783$863,297
63$879,100$694,669$645,960$861,442
64$900,795$660,735$599,627$858,080
65$922,562$622,997$549,600$853,077
66$944,340$581,201$495,689$846,293
67$966,062$535,079$437,694$837,575
68$987,650$484,347$375,406$826,758
69$1,009,015$428,706$308,607$813,667
70$1,030,060$367,837$237,071$798,110
71$1,050,671$301,407$160,558$779,882
72$1,070,725$229,062$78,823$758,763
73$1,090,081$150,427$0$734,514
74$1,108,580$65,109$0$708,225
75$1,126,046$0$0$691,823
76$1,142,283$0$0$680,840
77$1,157,069$0$0$688,973
78$1,170,158$0$0$696,003
79$1,181,278$0$0$701,759
80$1,190,122$0$0$706,046
81$1,196,351$0$0$708,651
82$1,199,588$0$0$709,336
83$1,199,413$0$0$707,835
84$1,195,361$0$0$703,854
85$1,186,914$0$0$697,068
86$1,173,499$0$0$687,114
87$1,154,479$0$0$673,591
88$1,129,150$0$0$656,056
89$1,096,730$0$0$634,016
90$1,056,353$0$0$606,925
91$1,007,063$0$0$574,180
92$947,799$0$0$535,114
93$877,387$0$0$488,988
94$794,529$0$0$434,985
95$697,791$0$0$372,201
96$585,586$0$0$299,638
97$456,160$0$0$216,192
98$307,573$0$0$120,644
99$137,685$0$0$11,644
100$0$0$0$0