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%15.1%
1 years$60,778$60,237$59,709$59,193$58,690$57,458
2 years$30,088$29,528$28,985$28,458$27,947$26,712
3 years$19,860$19,297$18,755$18,233$17,731$16,531
4 years$14,746$14,185$13,649$13,136$12,646$11,490
5 years$11,679$11,121$10,592$10,090$9,613$8,505
6 years$9,635$9,081$8,560$8,069$7,607$6,547
7 years$8,175$7,627$7,113$6,634$6,186$5,176
8 years$7,081$6,537$6,033$5,565$5,132$4,170
9 years$6,231$5,692$5,196$4,740$4,322$3,408
10 years$5,551$5,017$4,530$4,086$3,683$2,816
11 years$4,995$4,467$3,988$3,556$3,167$2,347
12 years$4,532$4,009$3,539$3,119$2,745$1,969
13 years$4,140$3,623$3,162$2,754$2,393$1,661
14 years$3,805$3,293$2,841$2,444$2,098$1,408
15 years$3,515$3,008$2,565$2,180$1,847$1,198
16 years$3,261$2,760$2,326$1,952$1,633$1,022
17 years$3,037$2,542$2,116$1,754$1,448$874
18 years$2,838$2,349$1,932$1,581$1,287$750
19 years$2,661$2,177$1,769$1,428$1,147$644
20 years$2,501$2,023$1,623$1,293$1,025$554
21 years$2,357$1,884$1,493$1,174$917$478
22 years$2,226$1,759$1,376$1,067$822$412
23 years$2,107$1,645$1,271$972$738$356
24 years$1,998$1,541$1,175$887$663$307
25 years$1,898$1,446$1,088$810$597$266
26 years$1,805$1,359$1,009$740$538$230
27 years$1,720$1,279$937$678$485$199
28 years$1,640$1,206$871$621$437$172
29 years$1,567$1,137$811$569$395$149
30 years$1,498$1,074$755$523$357$130
31 years$1,434$1,015$704$480$323$112
32 years$1,374$961$657$441$292$97
33 years$1,318$910$613$406$264$85
34 years$1,265$862$573$373$239$73
35 years$1,216$818$536$344$217$64
36 years$1,169$776$501$316$196$55
37 years$1,125$737$469$291$178$48
38 years$1,083$701$439$269$161$42
39 years$1,044$666$412$248$146$36
40 years$1,006$634$386$228$133$31
41 years$971$603$362$211$120$27
42 years$937$575$339$195$109$24
43 years$905$548$318$180$99$21
44 years$874$522$299$166$90$18
45 years$845$498$281$153$82$16
46 years$818$475$264$141$74$13
47 years$791$453$248$131$67$12
48 years$766$433$233$121$61$10
49 years$742$413$219$112$56$9
50 years$719$395$206$103$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $736,000, adding $2,079 every year, while hoping to spend $53,902 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: 79/8/13 Blend
59$736,000$736,000$736,000$736,000
60$813,216$774,208$762,800$875,237
61$838,813$754,793$731,003$896,906
62$865,214$732,620$696,334$913,532
63$892,445$707,497$658,640$930,231
64$920,531$679,221$617,760$946,988
65$949,499$647,577$573,529$963,785
66$979,376$612,337$525,771$980,603
67$1,010,191$573,260$474,303$997,424
68$1,041,974$530,093$418,935$1,014,225
69$1,074,753$482,566$359,468$1,030,983
70$1,108,561$430,395$295,693$1,047,675
71$1,143,429$373,279$227,394$1,064,273
72$1,179,391$310,901$154,343$1,080,749
73$1,216,479$242,925$76,304$1,097,074
74$1,254,729$168,998$0$1,113,214
75$1,294,176$88,744$0$1,130,103
76$1,334,859$1,769$0$1,158,095
77$1,376,815$0$0$1,186,592
78$1,420,082$0$0$1,223,720
79$1,464,703$0$0$1,262,169
80$1,510,717$0$0$1,301,820
81$1,558,168$0$0$1,342,709
82$1,607,100$0$0$1,384,873
83$1,657,558$0$0$1,428,352
84$1,709,589$0$0$1,473,187
85$1,763,240$0$0$1,519,417
86$1,818,560$0$0$1,567,086
87$1,875,601$0$0$1,616,236
88$1,934,413$0$0$1,666,913
89$1,995,050$0$0$1,719,163
90$2,057,568$0$0$1,773,032
91$2,122,021$0$0$1,828,569
92$2,188,468$0$0$1,885,823
93$2,256,967$0$0$1,944,846
94$2,327,579$0$0$2,005,689
95$2,400,367$0$0$2,068,405
96$2,475,393$0$0$2,133,051
97$2,552,723$0$0$2,199,680
98$2,632,422$0$0$2,268,351
99$2,714,560$0$0$2,339,122
100$2,799,206$0$0$2,412,053