Can I retire at age 60 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$60,943$60,400$59,871$59,354$58,849$56,761
2 years$30,170$29,608$29,064$28,536$28,023$25,942
3 years$19,914$19,349$18,806$18,283$17,779$15,770
4 years$14,786$14,224$13,686$13,172$12,680$10,758
5 years$11,711$11,152$10,621$10,117$9,639$7,810
6 years$9,661$9,106$8,583$8,091$7,627$5,892
7 years$8,198$7,647$7,133$6,652$6,203$4,561
8 years$7,100$6,555$6,049$5,580$5,146$3,596
9 years$6,248$5,707$5,210$4,753$4,334$2,874
10 years$5,566$5,031$4,542$4,097$3,693$2,320
11 years$5,008$4,479$3,999$3,566$3,176$1,888
12 years$4,544$4,020$3,549$3,128$2,752$1,546
13 years$4,151$3,633$3,171$2,761$2,400$1,272
14 years$3,815$3,302$2,849$2,451$2,104$1,051
15 years$3,524$3,016$2,572$2,186$1,852$871
16 years$3,270$2,768$2,332$1,957$1,637$724
17 years$3,045$2,549$2,122$1,759$1,451$603
18 years$2,846$2,355$1,937$1,585$1,291$503
19 years$2,668$2,183$1,773$1,432$1,150$420
20 years$2,508$2,028$1,628$1,297$1,027$352
21 years$2,364$1,889$1,497$1,177$919$294
22 years$2,232$1,764$1,380$1,070$824$247
23 years$2,113$1,649$1,274$975$740$207
24 years$2,003$1,545$1,178$889$665$174
25 years$1,903$1,450$1,091$812$598$146
26 years$1,810$1,363$1,012$742$539$122
27 years$1,724$1,283$940$679$486$103
28 years$1,645$1,209$874$623$438$86
29 years$1,571$1,140$813$571$396$73
30 years$1,502$1,077$757$524$358$61
31 years$1,438$1,018$706$481$323$51
32 years$1,378$963$659$442$293$43
33 years$1,322$912$615$407$265$36
34 years$1,269$865$575$374$240$31
35 years$1,219$820$537$344$217$26
36 years$1,172$778$503$317$197$22
37 years$1,128$739$470$292$178$18
38 years$1,086$703$441$269$162$15
39 years$1,046$668$413$248$147$13
40 years$1,009$636$387$229$133$11
41 years$973$605$363$211$121$9
42 years$940$576$340$195$109$8
43 years$907$549$319$180$99$6
44 years$877$523$300$166$90$5
45 years$848$499$281$154$82$5
46 years$820$476$264$142$74$4
47 years$793$454$248$131$67$3
48 years$768$434$233$121$61$3
49 years$744$414$219$112$56$2
50 years$721$396$206$103$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $738,000, adding $3,776 every year, while hoping to spend $20,507 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: 59/19/22 Blend
59$738,000$738,000$738,000$738,000
60$817,171$778,057$766,618$860,389
61$878,703$794,362$770,480$906,501
62$945,824$810,780$773,785$954,218
63$1,019,083$827,292$776,491$1,005,810
64$1,099,082$843,883$778,557$1,061,657
65$1,186,488$860,532$779,937$1,122,176
66$1,282,030$877,219$780,586$1,187,829
67$1,386,515$893,920$780,454$1,259,124
68$1,500,830$910,613$779,489$1,336,620
69$1,625,951$927,269$777,638$1,420,936
70$1,762,953$943,861$774,845$1,512,751
71$1,913,022$960,357$771,049$1,612,817
72$2,077,459$976,724$766,188$1,721,961
73$2,257,703$992,926$760,199$1,841,093
74$2,455,335$1,008,925$753,011$1,971,220
75$2,672,096$1,024,680$744,554$2,113,450
76$2,909,906$1,040,145$734,753$2,269,005
77$3,170,878$1,055,274$723,528$2,439,231
78$3,457,340$1,070,015$710,799$2,625,614
79$3,771,857$1,084,314$696,479$2,829,790
80$4,117,253$1,098,113$680,479$3,053,564
81$4,496,641$1,111,348$662,703$3,298,926
82$4,913,449$1,123,954$643,053$3,568,069
83$5,371,452$1,135,860$621,427$3,863,411
84$5,874,812$1,146,989$597,717$4,187,617
85$6,428,113$1,157,261$571,810$4,543,627
86$7,036,403$1,166,589$543,588$4,934,678
87$7,705,246$1,174,882$512,929$5,364,343
88$8,440,772$1,182,042$479,703$5,836,558
89$9,249,733$1,187,965$443,776$6,355,663
90$10,139,571$1,192,541$405,007$6,926,441
91$11,118,483$1,195,651$363,250$7,554,165
92$12,195,501$1,197,170$318,352$8,244,649
93$13,380,577$1,196,967$270,152$9,004,300
94$14,684,677$1,194,899$218,483$9,840,182
95$16,119,882$1,190,817$163,170$10,760,081
96$17,699,506$1,184,563$104,032$11,772,579
97$19,438,216$1,175,967$40,877$12,887,137
98$21,352,175$1,164,850$0$14,114,183
99$23,459,193$1,151,024$0$15,471,437
100$25,778,893$1,134,286$0$16,975,987