Can I retire at age 60 with 737,000?

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 $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%19.6%
1 years$60,861$60,319$59,790$59,274$58,769$56,505
2 years$30,129$29,568$29,024$28,497$27,985$25,731
3 years$19,887$19,323$18,781$18,258$17,755$15,581
4 years$14,766$14,204$13,667$13,154$12,663$10,587
5 years$11,695$11,136$10,606$10,104$9,626$7,653
6 years$9,648$9,094$8,572$8,080$7,617$5,748
7 years$8,187$7,637$7,123$6,643$6,195$4,429
8 years$7,091$6,546$6,041$5,573$5,139$3,476
9 years$6,239$5,700$5,203$4,747$4,328$2,764
10 years$5,558$5,024$4,536$4,092$3,688$2,220
11 years$5,001$4,473$3,994$3,561$3,171$1,797
12 years$4,538$4,014$3,544$3,123$2,748$1,464
13 years$4,146$3,628$3,166$2,758$2,397$1,198
14 years$3,810$3,298$2,845$2,448$2,101$984
15 years$3,519$3,012$2,569$2,183$1,850$811
16 years$3,265$2,764$2,329$1,955$1,635$670
17 years$3,041$2,545$2,119$1,756$1,449$555
18 years$2,842$2,352$1,935$1,583$1,289$460
19 years$2,665$2,180$1,771$1,430$1,149$382
20 years$2,505$2,026$1,625$1,295$1,026$318
21 years$2,360$1,887$1,495$1,176$918$264
22 years$2,229$1,761$1,378$1,069$823$220
23 years$2,110$1,647$1,272$973$739$184
24 years$2,001$1,543$1,177$888$664$153
25 years$1,900$1,448$1,090$811$598$128
26 years$1,808$1,361$1,011$741$538$107
27 years$1,722$1,281$939$679$485$89
28 years$1,643$1,207$872$622$438$74
29 years$1,569$1,139$812$570$395$62
30 years$1,500$1,075$756$523$357$52
31 years$1,436$1,017$705$481$323$43
32 years$1,376$962$658$442$292$36
33 years$1,320$911$614$406$264$30
34 years$1,267$863$574$374$239$25
35 years$1,217$819$537$344$217$21
36 years$1,171$777$502$317$196$18
37 years$1,126$738$470$292$178$15
38 years$1,085$702$440$269$161$12
39 years$1,045$667$412$248$146$10
40 years$1,008$635$386$229$133$9
41 years$972$604$362$211$120$7
42 years$938$575$340$195$109$6
43 years$906$548$319$180$99$5
44 years$876$523$299$166$90$4
45 years$847$498$281$153$82$4
46 years$819$475$264$142$74$3
47 years$792$454$248$131$67$2
48 years$767$433$233$121$61$2
49 years$743$414$219$112$56$2
50 years$720$395$206$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $737,000, adding $4,678 every year, while hoping to spend $58,258 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: 65/5/30 Blend
59$737,000$737,000$737,000$737,000
60$816,999$777,938$766,515$863,297
61$838,347$754,071$730,207$871,344
62$859,920$727,082$690,730$873,295
63$881,679$696,756$647,917$874,175
64$903,580$662,867$601,592$873,886
65$925,572$625,175$551,572$872,323
66$947,597$583,425$497,666$869,370
67$969,588$537,349$439,675$864,905
68$991,471$486,663$377,388$858,794
69$1,013,159$431,068$310,589$850,894
70$1,034,557$370,247$239,050$841,047
71$1,055,557$303,863$162,533$829,087
72$1,076,036$231,565$80,790$814,829
73$1,095,858$152,977$0$798,077
74$1,114,868$67,706$0$780,679
75$1,132,895$0$0$788,071
76$1,149,747$0$0$795,562
77$1,165,208$0$0$805,755
78$1,179,040$0$0$814,752
79$1,190,974$0$0$822,362
80$1,200,713$0$0$828,370
81$1,207,926$0$0$832,538
82$1,212,244$0$0$834,601
83$1,213,257$0$0$834,264
84$1,210,510$0$0$831,201
85$1,203,499$0$0$825,048
86$1,191,662$0$0$815,403
87$1,174,378$0$0$801,820
88$1,150,958$0$0$783,803
89$1,120,638$0$0$760,805
90$1,082,572$0$0$732,219
91$1,035,824$0$0$697,372
92$979,357$0$0$655,519
93$912,023$0$0$605,839
94$832,554$0$0$547,421
95$739,544$0$0$479,257
96$631,444$0$0$400,234
97$506,535$0$0$309,122
98$362,923$0$0$204,561
99$198,511$0$0$85,047
100$10,984$0$0$0