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%16.5%
1 years$60,696$60,155$59,627$59,113$58,610$57,054
2 years$30,047$29,488$28,945$28,420$27,909$26,353
3 years$19,833$19,271$18,730$18,209$17,707$16,198
4 years$14,726$14,166$13,630$13,118$12,629$11,180
5 years$11,663$11,106$10,578$10,076$9,600$8,215
6 years$9,622$9,069$8,548$8,058$7,596$6,276
7 years$8,164$7,616$7,104$6,625$6,178$4,922
8 years$7,072$6,528$6,025$5,557$5,125$3,934
9 years$6,222$5,684$5,189$4,734$4,316$3,188
10 years$5,543$5,010$4,524$4,081$3,678$2,611
11 years$4,988$4,460$3,983$3,551$3,163$2,157
12 years$4,525$4,003$3,535$3,115$2,741$1,793
13 years$4,134$3,618$3,158$2,750$2,390$1,499
14 years$3,800$3,289$2,837$2,441$2,095$1,258
15 years$3,510$3,004$2,562$2,177$1,845$1,060
16 years$3,256$2,756$2,323$1,949$1,630$895
17 years$3,033$2,538$2,113$1,751$1,446$758
18 years$2,835$2,346$1,929$1,578$1,285$644
19 years$2,657$2,174$1,766$1,426$1,146$547
20 years$2,498$2,020$1,621$1,292$1,023$466
21 years$2,354$1,882$1,491$1,172$916$397
22 years$2,223$1,756$1,374$1,066$821$339
23 years$2,104$1,643$1,269$971$737$289
24 years$1,995$1,539$1,173$885$662$247
25 years$1,895$1,444$1,087$809$596$211
26 years$1,803$1,358$1,008$739$537$181
27 years$1,717$1,278$936$677$484$155
28 years$1,638$1,204$870$620$437$133
29 years$1,565$1,136$810$569$394$114
30 years$1,496$1,073$754$522$356$97
31 years$1,432$1,014$703$479$322$83
32 years$1,372$959$656$440$291$72
33 years$1,316$909$613$405$264$61
34 years$1,264$861$572$373$239$53
35 years$1,214$817$535$343$216$45
36 years$1,167$775$501$316$196$39
37 years$1,123$736$469$291$178$33
38 years$1,082$700$439$268$161$28
39 years$1,042$665$411$247$146$24
40 years$1,005$633$385$228$132$21
41 years$969$603$361$211$120$18
42 years$936$574$339$194$109$15
43 years$904$547$318$179$99$13
44 years$873$521$298$166$90$11
45 years$844$497$280$153$82$10
46 years$817$474$263$141$74$8
47 years$790$452$247$131$67$7
48 years$765$432$232$121$61$6
49 years$741$412$218$111$55$5
50 years$718$394$205$103$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $735,000, adding $6,046 every year, while hoping to spend $57,289 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: 76/17/7 Blend
59$735,000$735,000$735,000$735,000
60$816,206$777,251$765,859$877,053
61$838,504$754,382$730,560$895,021
62$861,157$728,471$692,159$906,764
63$884,139$699,311$650,490$917,972
64$907,423$666,678$605,383$928,570
65$930,974$630,340$556,658$938,475
66$954,753$590,046$504,126$947,597
67$978,716$545,537$447,592$955,837
68$1,002,811$496,534$386,852$963,087
69$1,026,977$442,744$321,691$969,231
70$1,051,148$383,857$251,887$974,140
71$1,075,246$319,547$177,206$977,675
72$1,099,183$249,467$97,405$979,684
73$1,122,862$173,252$12,229$980,000
74$1,146,169$90,518$0$978,442
75$1,168,981$855$0$980,689
76$1,191,155$0$0$982,006
77$1,212,534$0$0$999,254
78$1,232,939$0$0$1,015,832
79$1,252,173$0$0$1,031,412
80$1,270,013$0$0$1,045,808
81$1,286,212$0$0$1,058,812
82$1,300,492$0$0$1,070,192
83$1,312,546$0$0$1,079,689
84$1,322,031$0$0$1,087,016
85$1,328,565$0$0$1,091,852
86$1,331,724$0$0$1,093,840
87$1,331,035$0$0$1,092,586
88$1,325,976$0$0$1,087,650
89$1,315,965$0$0$1,078,545
90$1,300,357$0$0$1,064,730
91$1,278,437$0$0$1,045,605
92$1,249,413$0$0$1,020,505
93$1,212,407$0$0$988,695
94$1,166,445$0$0$949,360
95$1,110,453$0$0$901,597
96$1,043,237$0$0$844,407
97$963,481$0$0$776,686
98$869,725$0$0$697,211
99$760,357$0$0$604,630
100$633,594$0$0$497,450