Can I retire at age 60 with 739,000?

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 $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%14.2%
1 years$61,026$60,482$59,952$59,434$58,929$57,905
2 years$30,211$29,648$29,103$28,574$28,061$27,033
3 years$19,941$19,375$18,832$18,308$17,803$16,803
4 years$14,806$14,243$13,705$13,190$12,697$11,732
5 years$11,727$11,167$10,635$10,131$9,652$8,725
6 years$9,674$9,118$8,595$8,102$7,638$6,750
7 years$8,209$7,658$7,142$6,661$6,211$5,363
8 years$7,110$6,564$6,057$5,588$5,153$4,344
9 years$6,256$5,715$5,217$4,759$4,340$3,569
10 years$5,573$5,038$4,548$4,103$3,698$2,965
11 years$5,015$4,485$4,004$3,571$3,180$2,485
12 years$4,550$4,025$3,554$3,132$2,756$2,097
13 years$4,157$3,638$3,175$2,765$2,403$1,780
14 years$3,820$3,307$2,853$2,454$2,106$1,518
15 years$3,529$3,021$2,576$2,189$1,855$1,299
16 years$3,274$2,771$2,335$1,960$1,639$1,116
17 years$3,049$2,552$2,125$1,761$1,453$961
18 years$2,850$2,358$1,940$1,587$1,292$829
19 years$2,672$2,186$1,776$1,434$1,152$717
20 years$2,512$2,031$1,630$1,299$1,029$621
21 years$2,367$1,892$1,499$1,179$921$539
22 years$2,235$1,766$1,382$1,072$825$468
23 years$2,116$1,652$1,276$976$741$407
24 years$2,006$1,548$1,180$890$666$354
25 years$1,905$1,452$1,093$813$599$309
26 years$1,812$1,365$1,013$743$540$269
27 years$1,727$1,285$941$680$487$235
28 years$1,647$1,210$875$623$439$205
29 years$1,573$1,142$814$572$396$179
30 years$1,504$1,078$758$525$358$156
31 years$1,440$1,019$707$482$324$136
32 years$1,380$965$660$443$293$119
33 years$1,323$913$616$407$265$104
34 years$1,270$866$575$375$240$91
35 years$1,221$821$538$345$217$80
36 years$1,174$779$503$318$197$70
37 years$1,129$740$471$293$179$61
38 years$1,088$704$441$270$162$53
39 years$1,048$669$413$249$147$47
40 years$1,010$636$387$229$133$41
41 years$975$606$363$212$121$36
42 years$941$577$341$195$110$31
43 years$909$550$320$180$99$27
44 years$878$524$300$167$90$24
45 years$849$500$282$154$82$21
46 years$821$477$265$142$74$18
47 years$794$455$249$131$68$16
48 years$769$434$234$121$61$14
49 years$745$415$220$112$56$12
50 years$722$396$206$104$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $739,000, adding $5,937 every year, while hoping to spend $44,644 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: 70/5/25 Blend
59$739,000$739,000$739,000$739,000
60$820,502$781,335$769,881$872,331
61$856,692$772,120$748,171$898,564
62$895,078$760,956$724,237$921,529
63$935,835$747,703$697,959$945,611
64$979,158$732,207$669,208$970,920
65$1,025,257$714,311$637,851$997,575
66$1,074,365$693,843$603,751$1,025,712
67$1,126,734$670,626$566,760$1,055,478
68$1,182,643$644,468$526,729$1,087,039
69$1,242,395$615,170$483,497$1,120,578
70$1,306,324$582,518$436,899$1,156,299
71$1,374,796$546,289$386,762$1,194,426
72$1,448,212$506,243$332,905$1,235,211
73$1,527,012$462,131$275,140$1,278,932
74$1,611,678$413,687$213,268$1,325,895
75$1,702,741$360,629$147,084$1,376,442
76$1,800,783$302,662$76,374$1,430,951
77$1,906,442$239,472$912$1,489,840
78$2,020,421$170,728$0$1,553,575
79$2,143,491$96,080$0$1,643,905
80$2,276,498$15,160$0$1,741,803
81$2,420,376$0$0$1,847,721
82$2,576,146$0$0$1,966,412
83$2,744,935$0$0$2,095,960
84$2,927,981$0$0$2,236,484
85$3,126,643$0$0$2,389,035
86$3,342,420$0$0$2,554,765
87$3,576,956$0$0$2,734,943
88$3,832,064$0$0$2,930,968
89$4,109,737$0$0$3,144,374
90$4,412,166$0$0$3,376,852
91$4,741,764$0$0$3,630,264
92$5,101,188$0$0$3,906,656
93$5,493,360$0$0$4,208,283
94$5,921,497$0$0$4,537,625
95$6,389,139$0$0$4,897,412
96$6,900,186$0$0$5,290,652
97$7,458,930$0$0$5,720,654
98$8,070,095$0$0$6,191,062
99$8,738,886$0$0$6,705,890
100$9,471,031$0$0$7,269,555