Can I retire at age 60 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$61,604$61,055$60,520$59,997$59,487$57,885
2 years$30,497$29,929$29,379$28,845$28,327$26,724
3 years$20,129$19,559$19,010$18,481$17,972$16,419
4 years$14,947$14,378$13,834$13,315$12,818$11,326
5 years$11,838$11,272$10,736$10,227$9,744$8,318
6 years$9,766$9,205$8,676$8,179$7,710$6,351
7 years$8,286$7,730$7,210$6,724$6,270$4,978
8 years$7,177$6,626$6,115$5,641$5,202$3,976
9 years$6,315$5,769$5,267$4,805$4,381$3,220
10 years$5,626$5,085$4,592$4,142$3,733$2,636
11 years$5,062$4,527$4,042$3,604$3,210$2,176
12 years$4,593$4,063$3,587$3,162$2,782$1,808
13 years$4,196$3,672$3,205$2,791$2,426$1,510
14 years$3,857$3,338$2,880$2,478$2,126$1,267
15 years$3,562$3,049$2,600$2,210$1,872$1,066
16 years$3,305$2,798$2,357$1,979$1,655$900
17 years$3,078$2,576$2,145$1,778$1,467$762
18 years$2,877$2,381$1,958$1,602$1,305$646
19 years$2,697$2,206$1,793$1,448$1,163$549
20 years$2,535$2,050$1,645$1,311$1,039$467
21 years$2,389$1,910$1,513$1,190$929$398
22 years$2,257$1,783$1,395$1,082$833$339
23 years$2,136$1,667$1,288$985$748$289
24 years$2,025$1,562$1,191$899$672$247
25 years$1,923$1,466$1,103$821$605$211
26 years$1,830$1,378$1,023$750$545$181
27 years$1,743$1,297$950$687$491$154
28 years$1,663$1,222$883$629$443$132
29 years$1,588$1,153$822$577$400$113
30 years$1,519$1,089$766$530$362$97
31 years$1,454$1,029$714$486$327$83
32 years$1,393$974$666$447$296$71
33 years$1,336$922$622$411$268$61
34 years$1,283$874$581$378$242$52
35 years$1,232$829$543$348$219$45
36 years$1,185$787$508$321$199$38
37 years$1,140$747$476$295$180$33
38 years$1,098$710$445$272$163$28
39 years$1,058$675$417$251$148$24
40 years$1,020$643$391$232$134$21
41 years$984$612$367$214$122$18
42 years$950$582$344$197$111$15
43 years$917$555$323$182$100$13
44 years$886$529$303$168$91$11
45 years$857$504$284$155$83$10
46 years$829$481$267$143$75$8
47 years$802$459$251$132$68$7
48 years$776$438$236$122$62$6
49 years$752$419$222$113$56$5
50 years$728$400$208$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $746,000, adding $3,897 every year, while hoping to spend $23,116 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: 58/35/7 Blend
59$746,000$746,000$746,000$746,000
60$826,112$786,574$775,011$872,560
61$885,780$800,521$776,378$918,168
62$950,759$814,376$777,017$964,894
63$1,021,568$828,111$776,878$1,015,248
64$1,098,774$841,695$775,910$1,069,577
65$1,183,005$855,095$774,059$1,128,267
66$1,274,951$868,273$771,269$1,191,741
67$1,375,371$881,193$767,481$1,260,466
68$1,485,100$893,813$762,633$1,334,956
69$1,605,058$906,089$756,660$1,415,779
70$1,736,260$917,973$749,494$1,503,561
71$1,879,820$929,415$741,063$1,598,991
72$2,036,967$940,361$731,294$1,702,828
73$2,209,053$950,754$720,108$1,815,910
74$2,397,567$960,532$707,422$1,939,162
75$2,604,151$969,630$693,153$2,073,601
76$2,830,610$977,978$677,209$2,220,351
77$3,078,934$985,501$659,498$2,380,647
78$3,351,315$992,120$639,921$2,555,856
79$3,650,166$997,751$618,375$2,747,482
80$3,978,146$1,002,303$594,753$2,957,183
81$4,338,184$1,005,683$568,944$3,186,787
82$4,733,504$1,007,787$540,829$3,438,312
83$5,167,661$1,008,508$510,287$3,713,980
84$5,644,570$1,007,732$477,188$4,016,242
85$6,168,542$1,005,337$441,400$4,347,800
86$6,744,328$1,001,193$402,782$4,711,633
87$7,377,162$995,165$361,188$5,111,025
88$8,072,810$987,105$316,465$5,549,597
89$8,837,625$976,861$268,454$6,031,342
90$9,678,604$964,268$216,989$6,560,661
91$10,603,458$949,154$161,895$7,142,406
92$11,620,683$931,335$102,991$7,781,926
93$12,739,639$910,617$40,087$8,485,120
94$13,970,638$886,793$0$9,258,488
95$15,325,043$859,646$0$10,111,219
96$16,815,373$828,944$0$11,052,520
97$18,455,423$794,445$0$12,088,123
98$20,260,393$755,888$0$13,227,646
99$22,247,028$713,002$0$14,481,693
100$24,433,782$665,497$0$15,861,953