Can I retire at age 60 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$60,861$60,319$59,790$59,274$58,769$57,939
2 years$30,129$29,568$29,024$28,497$27,985$27,150
3 years$19,887$19,323$18,781$18,258$17,755$16,941
4 years$14,766$14,204$13,667$13,154$12,663$11,877
5 years$11,695$11,136$10,606$10,104$9,626$8,870
6 years$9,648$9,094$8,572$8,080$7,617$6,892
7 years$8,187$7,637$7,123$6,643$6,195$5,500
8 years$7,091$6,546$6,041$5,573$5,139$4,476
9 years$6,239$5,700$5,203$4,747$4,328$3,695
10 years$5,558$5,024$4,536$4,092$3,688$3,085
11 years$5,001$4,473$3,994$3,561$3,171$2,598
12 years$4,538$4,014$3,544$3,123$2,748$2,204
13 years$4,146$3,628$3,166$2,758$2,397$1,881
14 years$3,810$3,298$2,845$2,448$2,101$1,612
15 years$3,519$3,012$2,569$2,183$1,850$1,388
16 years$3,265$2,764$2,329$1,955$1,635$1,198
17 years$3,041$2,545$2,119$1,756$1,449$1,038
18 years$2,842$2,352$1,935$1,583$1,289$901
19 years$2,665$2,180$1,771$1,430$1,149$784
20 years$2,505$2,026$1,625$1,295$1,026$683
21 years$2,360$1,887$1,495$1,176$918$596
22 years$2,229$1,761$1,378$1,069$823$521
23 years$2,110$1,647$1,272$973$739$456
24 years$2,001$1,543$1,177$888$664$399
25 years$1,900$1,448$1,090$811$598$350
26 years$1,808$1,361$1,011$741$538$307
27 years$1,722$1,281$939$679$485$269
28 years$1,643$1,207$872$622$438$237
29 years$1,569$1,139$812$570$395$208
30 years$1,500$1,075$756$523$357$183
31 years$1,436$1,017$705$481$323$161
32 years$1,376$962$658$442$292$141
33 years$1,320$911$614$406$264$124
34 years$1,267$863$574$374$239$109
35 years$1,217$819$537$344$217$96
36 years$1,171$777$502$317$196$85
37 years$1,126$738$470$292$178$75
38 years$1,085$702$440$269$161$66
39 years$1,045$667$412$248$146$58
40 years$1,008$635$386$229$133$51
41 years$972$604$362$211$120$45
42 years$938$575$340$195$109$40
43 years$906$548$319$180$99$35
44 years$876$523$299$166$90$31
45 years$847$498$281$153$82$27
46 years$819$475$264$142$74$24
47 years$792$454$248$131$67$21
48 years$767$433$233$121$61$19
49 years$743$414$219$112$56$16
50 years$720$395$206$103$50$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $737,000, adding $4,974 every year, while hoping to spend $53,334 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: 35/44/21 Blend
59$737,000$737,000$737,000$737,000
60$817,305$778,244$766,820$840,538
61$843,923$759,631$735,762$839,451
62$871,468$738,318$701,875$832,998
63$899,980$714,117$665,010$824,943
64$929,498$686,829$625,007$815,173
65$960,064$656,241$581,703$803,572
66$991,725$622,131$534,924$790,017
67$1,024,528$584,263$484,491$774,379
68$1,058,524$542,386$430,215$756,521
69$1,093,766$496,235$371,901$736,299
70$1,130,312$445,533$309,341$713,563
71$1,168,223$389,983$242,323$688,152
72$1,207,563$329,273$170,622$659,899
73$1,248,401$263,075$94,005$628,629
74$1,290,812$191,039$12,228$594,156
75$1,334,873$112,798$0$556,286
76$1,380,669$27,965$0$531,630
77$1,428,290$0$0$507,174
78$1,477,832$0$0$510,939
79$1,529,399$0$0$528,968
80$1,583,102$0$0$547,762
81$1,639,060$0$0$567,366
82$1,697,403$0$0$587,827
83$1,758,267$0$0$609,196
84$1,821,803$0$0$631,529
85$1,888,172$0$0$654,887
86$1,957,548$0$0$679,334
87$2,030,119$0$0$704,940
88$2,106,088$0$0$731,782
89$2,185,677$0$0$759,942
90$2,269,123$0$0$789,511
91$2,356,687$0$0$820,585
92$2,448,651$0$0$853,271
93$2,545,319$0$0$887,684
94$2,647,025$0$0$923,950
95$2,754,131$0$0$962,205
96$2,867,031$0$0$1,002,598
97$2,986,153$0$0$1,045,292
98$3,111,967$0$0$1,090,465
99$3,244,982$0$0$1,138,309
100$3,385,756$0$0$1,189,038