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%12.3%
1 years$60,861$60,319$59,790$59,274$58,769$58,204
2 years$30,129$29,568$29,024$28,497$27,985$27,416
3 years$19,887$19,323$18,781$18,258$17,755$17,199
4 years$14,766$14,204$13,667$13,154$12,663$12,125
5 years$11,695$11,136$10,606$10,104$9,626$9,107
6 years$9,648$9,094$8,572$8,080$7,617$7,118
7 years$8,187$7,637$7,123$6,643$6,195$5,716
8 years$7,091$6,546$6,041$5,573$5,139$4,681
9 years$6,239$5,700$5,203$4,747$4,328$3,889
10 years$5,558$5,024$4,536$4,092$3,688$3,269
11 years$5,001$4,473$3,994$3,561$3,171$2,772
12 years$4,538$4,014$3,544$3,123$2,748$2,368
13 years$4,146$3,628$3,166$2,758$2,397$2,035
14 years$3,810$3,298$2,845$2,448$2,101$1,757
15 years$3,519$3,012$2,569$2,183$1,850$1,524
16 years$3,265$2,764$2,329$1,955$1,635$1,326
17 years$3,041$2,545$2,119$1,756$1,449$1,157
18 years$2,842$2,352$1,935$1,583$1,289$1,013
19 years$2,665$2,180$1,771$1,430$1,149$888
20 years$2,505$2,026$1,625$1,295$1,026$780
21 years$2,360$1,887$1,495$1,176$918$687
22 years$2,229$1,761$1,378$1,069$823$605
23 years$2,110$1,647$1,272$973$739$534
24 years$2,001$1,543$1,177$888$664$471
25 years$1,900$1,448$1,090$811$598$417
26 years$1,808$1,361$1,011$741$538$369
27 years$1,722$1,281$939$679$485$327
28 years$1,643$1,207$872$622$438$289
29 years$1,569$1,139$812$570$395$257
30 years$1,500$1,075$756$523$357$228
31 years$1,436$1,017$705$481$323$202
32 years$1,376$962$658$442$292$179
33 years$1,320$911$614$406$264$159
34 years$1,267$863$574$374$239$141
35 years$1,217$819$537$344$217$126
36 years$1,171$777$502$317$196$112
37 years$1,126$738$470$292$178$99
38 years$1,085$702$440$269$161$88
39 years$1,045$667$412$248$146$78
40 years$1,008$635$386$229$133$70
41 years$972$604$362$211$120$62
42 years$938$575$340$195$109$55
43 years$906$548$319$180$99$49
44 years$876$523$299$166$90$44
45 years$847$498$281$153$82$39
46 years$819$475$264$142$74$35
47 years$792$454$248$131$67$31
48 years$767$433$233$121$61$27
49 years$743$414$219$112$56$24
50 years$720$395$206$103$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $737,000, adding $3,467 every year, while hoping to spend $56,635 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: 56/29/15 Blend
59$737,000$737,000$737,000$737,000
60$815,750$776,689$765,266$858,055
61$838,698$754,488$730,643$864,969
62$862,087$729,300$692,962$866,044
63$885,905$700,921$652,061$865,918
64$910,132$669,131$607,770$864,486
65$934,748$633,700$559,912$861,638
66$959,725$594,384$508,302$857,255
67$985,033$550,925$452,747$851,210
68$1,010,636$503,051$393,044$843,365
69$1,036,493$450,472$328,982$833,576
70$1,062,554$392,884$260,342$821,684
71$1,088,764$329,965$186,893$807,524
72$1,115,059$261,374$108,395$790,914
73$1,141,366$186,753$24,597$771,661
74$1,167,603$105,721$0$749,559
75$1,193,675$17,878$0$734,761
76$1,219,476$0$0$721,529
77$1,244,886$0$0$730,348
78$1,269,771$0$0$744,511
79$1,293,977$0$0$758,218
80$1,317,336$0$0$771,363
81$1,339,655$0$0$783,827
82$1,360,721$0$0$795,476
83$1,380,296$0$0$806,161
84$1,398,111$0$0$815,718
85$1,413,870$0$0$823,960
86$1,427,241$0$0$830,681
87$1,437,854$0$0$835,653
88$1,445,298$0$0$838,619
89$1,449,115$0$0$839,296
90$1,448,799$0$0$837,369
91$1,443,785$0$0$832,488
92$1,433,446$0$0$824,265
93$1,417,088$0$0$812,269
94$1,393,941$0$0$796,024
95$1,363,150$0$0$775,000
96$1,323,770$0$0$748,611
97$1,274,754$0$0$716,210
98$1,214,940$0$0$677,078
99$1,143,045$0$0$630,421
100$1,057,648$0$0$575,359