Can I retire at age 60 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$60,778$60,237$59,709$59,193$58,690$57,717
2 years$30,088$29,528$28,985$28,458$27,947$26,971
3 years$19,860$19,297$18,755$18,233$17,731$16,780
4 years$14,746$14,185$13,649$13,136$12,646$11,728
5 years$11,679$11,121$10,592$10,090$9,613$8,732
6 years$9,635$9,081$8,560$8,069$7,607$6,762
7 years$8,175$7,627$7,113$6,634$6,186$5,379
8 years$7,081$6,537$6,033$5,565$5,132$4,362
9 years$6,231$5,692$5,196$4,740$4,322$3,588
10 years$5,551$5,017$4,530$4,086$3,683$2,985
11 years$4,995$4,467$3,988$3,556$3,167$2,505
12 years$4,532$4,009$3,539$3,119$2,745$2,116
13 years$4,140$3,623$3,162$2,754$2,393$1,799
14 years$3,805$3,293$2,841$2,444$2,098$1,536
15 years$3,515$3,008$2,565$2,180$1,847$1,316
16 years$3,261$2,760$2,326$1,952$1,633$1,132
17 years$3,037$2,542$2,116$1,754$1,448$976
18 years$2,838$2,349$1,932$1,581$1,287$844
19 years$2,661$2,177$1,769$1,428$1,147$731
20 years$2,501$2,023$1,623$1,293$1,025$634
21 years$2,357$1,884$1,493$1,174$917$551
22 years$2,226$1,759$1,376$1,067$822$479
23 years$2,107$1,645$1,271$972$738$417
24 years$1,998$1,541$1,175$887$663$364
25 years$1,898$1,446$1,088$810$597$317
26 years$1,805$1,359$1,009$740$538$277
27 years$1,720$1,279$937$678$485$242
28 years$1,640$1,206$871$621$437$212
29 years$1,567$1,137$811$569$395$185
30 years$1,498$1,074$755$523$357$162
31 years$1,434$1,015$704$480$323$142
32 years$1,374$961$657$441$292$124
33 years$1,318$910$613$406$264$108
34 years$1,265$862$573$373$239$95
35 years$1,216$818$536$344$217$83
36 years$1,169$776$501$316$196$73
37 years$1,125$737$469$291$178$64
38 years$1,083$701$439$269$161$56
39 years$1,044$666$412$248$146$49
40 years$1,006$634$386$228$133$43
41 years$971$603$362$211$120$38
42 years$937$575$339$195$109$33
43 years$905$548$318$180$99$29
44 years$874$522$299$166$90$25
45 years$845$498$281$153$82$22
46 years$818$475$264$141$74$20
47 years$791$453$248$131$67$17
48 years$766$433$233$121$61$15
49 years$742$413$219$112$56$13
50 years$719$395$206$103$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $736,000, adding $2,256 every year, while hoping to spend $49,149 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: 60/23/17 Blend
59$736,000$736,000$736,000$736,000
60$813,399$774,391$762,983$858,527
61$844,072$760,042$736,249$874,918
62$876,225$743,343$706,972$887,134
63$909,960$724,126$675,015$899,321
64$945,383$702,215$640,234$911,482
65$982,610$677,422$602,481$923,624
66$1,021,771$649,550$561,598$935,755
67$1,063,002$618,388$517,422$947,887
68$1,106,454$583,716$469,782$960,038
69$1,152,292$545,297$418,500$972,226
70$1,200,694$502,885$363,388$984,479
71$1,251,856$456,218$304,252$996,828
72$1,305,990$405,017$240,889$1,009,311
73$1,363,329$348,990$173,086$1,021,975
74$1,424,126$287,828$100,622$1,034,872
75$1,488,659$221,204$23,266$1,048,069
76$1,557,231$148,773$0$1,061,639
77$1,630,175$70,169$0$1,086,424
78$1,707,854$0$0$1,116,975
79$1,790,665$0$0$1,153,025
80$1,879,044$0$0$1,210,486
81$1,973,468$0$0$1,271,913
82$2,074,460$0$0$1,337,651
83$2,182,594$0$0$1,408,079
84$2,298,499$0$0$1,483,611
85$2,422,865$0$0$1,564,702
86$2,556,448$0$0$1,651,853
87$2,700,079$0$0$1,745,610
88$2,854,672$0$0$1,846,577
89$3,021,227$0$0$1,955,414
90$3,200,846$0$0$2,072,848
91$3,394,736$0$0$2,199,676
92$3,604,227$0$0$2,336,776
93$3,830,777$0$0$2,485,111
94$4,075,991$0$0$2,645,741
95$4,341,633$0$0$2,819,831
96$4,629,642$0$0$3,008,660
97$4,942,150$0$0$3,213,638
98$5,281,504$0$0$3,436,314
99$5,650,281$0$0$3,678,392
100$6,051,322$0$0$3,941,746