Can I retire at age 60 with 736,000?

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 $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%11.8%
1 years$60,778$60,237$59,709$59,193$58,690$58,247
2 years$30,088$29,528$28,985$28,458$27,947$27,501
3 years$19,860$19,297$18,755$18,233$17,731$17,295
4 years$14,746$14,185$13,649$13,136$12,646$12,223
5 years$11,679$11,121$10,592$10,090$9,613$9,205
6 years$9,635$9,081$8,560$8,069$7,607$7,214
7 years$8,175$7,627$7,113$6,634$6,186$5,809
8 years$7,081$6,537$6,033$5,565$5,132$4,770
9 years$6,231$5,692$5,196$4,740$4,322$3,976
10 years$5,551$5,017$4,530$4,086$3,683$3,351
11 years$4,995$4,467$3,988$3,556$3,167$2,851
12 years$4,532$4,009$3,539$3,119$2,745$2,443
13 years$4,140$3,623$3,162$2,754$2,393$2,106
14 years$3,805$3,293$2,841$2,444$2,098$1,825
15 years$3,515$3,008$2,565$2,180$1,847$1,588
16 years$3,261$2,760$2,326$1,952$1,633$1,386
17 years$3,037$2,542$2,116$1,754$1,448$1,214
18 years$2,838$2,349$1,932$1,581$1,287$1,066
19 years$2,661$2,177$1,769$1,428$1,147$938
20 years$2,501$2,023$1,623$1,293$1,025$827
21 years$2,357$1,884$1,493$1,174$917$731
22 years$2,226$1,759$1,376$1,067$822$646
23 years$2,107$1,645$1,271$972$738$572
24 years$1,998$1,541$1,175$887$663$508
25 years$1,898$1,446$1,088$810$597$450
26 years$1,805$1,359$1,009$740$538$400
27 years$1,720$1,279$937$678$485$356
28 years$1,640$1,206$871$621$437$316
29 years$1,567$1,137$811$569$395$282
30 years$1,498$1,074$755$523$357$251
31 years$1,434$1,015$704$480$323$224
32 years$1,374$961$657$441$292$199
33 years$1,318$910$613$406$264$178
34 years$1,265$862$573$373$239$159
35 years$1,216$818$536$344$217$141
36 years$1,169$776$501$316$196$126
37 years$1,125$737$469$291$178$113
38 years$1,083$701$439$269$161$101
39 years$1,044$666$412$248$146$90
40 years$1,006$634$386$228$133$80
41 years$971$603$362$211$120$72
42 years$937$575$339$195$109$64
43 years$905$548$318$180$99$57
44 years$874$522$299$166$90$51
45 years$845$498$281$153$82$46
46 years$818$475$264$141$74$41
47 years$791$453$248$131$67$37
48 years$766$433$233$121$61$33
49 years$742$413$219$112$56$29
50 years$719$395$206$103$50$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $736,000, adding $5,268 every year, while hoping to spend $51,880 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: 44/41/15 Blend
59$736,000$736,000$736,000$736,000
60$816,506$777,498$766,090$848,684
61$844,590$760,395$736,554$854,611
62$873,799$740,716$704,290$855,430
63$904,194$718,279$669,151$855,196
64$935,840$692,892$630,986$853,835
65$968,805$664,353$589,633$851,268
66$1,003,164$632,447$544,926$847,412
67$1,038,997$596,948$496,692$842,184
68$1,076,390$557,614$444,747$835,492
69$1,115,438$514,193$388,902$827,244
70$1,156,239$466,415$328,957$817,342
71$1,198,904$413,998$264,705$805,686
72$1,243,550$356,641$195,930$792,169
73$1,290,304$294,029$122,406$776,683
74$1,339,304$225,825$43,895$759,114
75$1,390,699$151,677$0$739,344
76$1,444,653$71,211$0$723,637
77$1,501,341$0$0$713,394
78$1,560,956$0$0$708,701
79$1,623,705$0$0$737,609
80$1,689,816$0$0$768,100
81$1,759,535$0$0$800,291
82$1,833,133$0$0$834,312
83$1,910,903$0$0$870,303
84$1,993,165$0$0$908,418
85$2,080,270$0$0$948,825
86$2,172,599$0$0$991,708
87$2,270,570$0$0$1,037,267
88$2,374,639$0$0$1,085,723
89$2,485,307$0$0$1,137,314
90$2,603,118$0$0$1,192,304
91$2,728,673$0$0$1,250,981
92$2,862,625$0$0$1,313,660
93$3,005,692$0$0$1,380,688
94$3,158,662$0$0$1,452,444
95$3,322,395$0$0$1,529,342
96$3,497,838$0$0$1,611,840
97$3,686,028$0$0$1,700,437
98$3,888,103$0$0$1,795,684
99$4,105,311$0$0$1,898,182
100$4,339,025$0$0$2,008,594