Can I retire at age 60 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$61,026$60,482$59,952$59,434$58,929$56,636
2 years$30,211$29,648$29,103$28,574$28,061$25,779
3 years$19,941$19,375$18,832$18,308$17,803$15,603
4 years$14,806$14,243$13,705$13,190$12,697$10,596
5 years$11,727$11,167$10,635$10,131$9,652$7,656
6 years$9,674$9,118$8,595$8,102$7,638$5,747
7 years$8,209$7,658$7,142$6,661$6,211$4,426
8 years$7,110$6,564$6,057$5,588$5,153$3,471
9 years$6,256$5,715$5,217$4,759$4,340$2,758
10 years$5,573$5,038$4,548$4,103$3,698$2,214
11 years$5,015$4,485$4,004$3,571$3,180$1,791
12 years$4,550$4,025$3,554$3,132$2,756$1,458
13 years$4,157$3,638$3,175$2,765$2,403$1,192
14 years$3,820$3,307$2,853$2,454$2,106$979
15 years$3,529$3,021$2,576$2,189$1,855$806
16 years$3,274$2,771$2,335$1,960$1,639$666
17 years$3,049$2,552$2,125$1,761$1,453$551
18 years$2,850$2,358$1,940$1,587$1,292$456
19 years$2,672$2,186$1,776$1,434$1,152$379
20 years$2,512$2,031$1,630$1,299$1,029$315
21 years$2,367$1,892$1,499$1,179$921$262
22 years$2,235$1,766$1,382$1,072$825$218
23 years$2,116$1,652$1,276$976$741$181
24 years$2,006$1,548$1,180$890$666$151
25 years$1,905$1,452$1,093$813$599$126
26 years$1,812$1,365$1,013$743$540$105
27 years$1,727$1,285$941$680$487$88
28 years$1,647$1,210$875$623$439$73
29 years$1,573$1,142$814$572$396$61
30 years$1,504$1,078$758$525$358$51
31 years$1,440$1,019$707$482$324$42
32 years$1,380$965$660$443$293$35
33 years$1,323$913$616$407$265$30
34 years$1,270$866$575$375$240$25
35 years$1,221$821$538$345$217$21
36 years$1,174$779$503$318$197$17
37 years$1,129$740$471$293$179$14
38 years$1,088$704$441$270$162$12
39 years$1,048$669$413$249$147$10
40 years$1,010$636$387$229$133$8
41 years$975$606$363$212$121$7
42 years$941$577$341$195$110$6
43 years$909$550$320$180$99$5
44 years$878$524$300$167$90$4
45 years$849$500$282$154$82$3
46 years$821$477$265$142$74$3
47 years$794$455$249$131$68$2
48 years$769$434$234$121$61$2
49 years$745$415$220$112$56$2
50 years$722$396$206$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $739,000, adding $4,134 every year, while hoping to spend $26,150 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: 57/29/14 Blend
59$739,000$739,000$739,000$739,000
60$818,642$779,475$768,021$862,142
61$874,320$789,846$765,926$902,440
62$934,801$799,849$762,885$943,101
63$1,000,547$809,437$758,837$986,799
64$1,072,066$818,563$753,722$1,033,832
65$1,149,919$827,175$747,474$1,084,523
66$1,234,720$835,216$740,023$1,139,235
67$1,327,148$842,627$731,300$1,198,364
68$1,427,947$849,347$721,229$1,262,348
69$1,537,939$855,306$709,732$1,331,672
70$1,658,027$860,434$696,726$1,406,869
71$1,789,205$864,655$682,126$1,488,528
72$1,932,569$867,888$665,841$1,577,299
73$2,089,322$870,046$647,779$1,673,901
74$2,260,793$871,038$627,839$1,779,123
75$2,448,443$870,767$605,920$1,893,840
76$2,653,879$869,130$581,914$2,019,016
77$2,878,875$866,017$555,708$2,155,714
78$3,125,380$861,313$527,185$2,305,106
79$3,395,544$854,892$496,221$2,468,488
80$3,691,733$846,626$462,688$2,647,288
81$4,016,554$836,374$426,452$2,843,081
82$4,372,877$823,990$387,372$3,057,605
83$4,763,863$809,319$345,302$3,292,778
84$5,192,996$792,195$300,088$3,550,716
85$5,664,112$772,443$251,572$3,833,752
86$6,181,437$749,878$199,585$4,144,461
87$6,749,626$724,304$143,954$4,485,681
88$7,373,808$695,515$84,496$4,860,544
89$8,059,631$663,290$21,021$5,272,506
90$8,813,319$627,397$0$5,725,375
91$9,641,729$587,591$0$6,230,334
92$10,552,415$543,612$0$6,788,843
93$11,553,698$495,186$0$7,402,903
94$12,654,748$442,023$0$8,078,183
95$13,865,666$383,816$0$8,820,937
96$15,197,582$320,241$0$9,638,056
97$16,662,758$250,955$0$10,537,139
98$18,274,705$175,598$0$11,526,562
99$20,048,310$93,787$0$12,615,560
100$21,999,975$5,120$0$13,814,312