Can I retire at age 60 with 746,000?

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 $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%12.7%
1 years$61,604$61,055$60,520$59,997$59,487$58,817
2 years$30,497$29,929$29,379$28,845$28,327$27,653
3 years$20,129$19,559$19,010$18,481$17,972$17,314
4 years$14,947$14,378$13,834$13,315$12,818$12,181
5 years$11,838$11,272$10,736$10,227$9,744$9,131
6 years$9,766$9,205$8,676$8,179$7,710$7,121
7 years$8,286$7,730$7,210$6,724$6,270$5,705
8 years$7,177$6,626$6,115$5,641$5,202$4,661
9 years$6,315$5,769$5,267$4,805$4,381$3,864
10 years$5,626$5,085$4,592$4,142$3,733$3,240
11 years$5,062$4,527$4,042$3,604$3,210$2,741
12 years$4,593$4,063$3,587$3,162$2,782$2,335
13 years$4,196$3,672$3,205$2,791$2,426$2,002
14 years$3,857$3,338$2,880$2,478$2,126$1,724
15 years$3,562$3,049$2,600$2,210$1,872$1,491
16 years$3,305$2,798$2,357$1,979$1,655$1,294
17 years$3,078$2,576$2,145$1,778$1,467$1,126
18 years$2,877$2,381$1,958$1,602$1,305$983
19 years$2,697$2,206$1,793$1,448$1,163$859
20 years$2,535$2,050$1,645$1,311$1,039$753
21 years$2,389$1,910$1,513$1,190$929$660
22 years$2,257$1,783$1,395$1,082$833$580
23 years$2,136$1,667$1,288$985$748$510
24 years$2,025$1,562$1,191$899$672$449
25 years$1,923$1,466$1,103$821$605$396
26 years$1,830$1,378$1,023$750$545$349
27 years$1,743$1,297$950$687$491$308
28 years$1,663$1,222$883$629$443$272
29 years$1,588$1,153$822$577$400$241
30 years$1,519$1,089$766$530$362$213
31 years$1,454$1,029$714$486$327$188
32 years$1,393$974$666$447$296$166
33 years$1,336$922$622$411$268$147
34 years$1,283$874$581$378$242$130
35 years$1,232$829$543$348$219$116
36 years$1,185$787$508$321$199$102
37 years$1,140$747$476$295$180$91
38 years$1,098$710$445$272$163$80
39 years$1,058$675$417$251$148$71
40 years$1,020$643$391$232$134$63
41 years$984$612$367$214$122$56
42 years$950$582$344$197$111$50
43 years$917$555$323$182$100$44
44 years$886$529$303$168$91$39
45 years$857$504$284$155$83$35
46 years$829$481$267$143$75$31
47 years$802$459$251$132$68$27
48 years$776$438$236$122$62$24
49 years$752$419$222$113$56$21
50 years$728$400$208$105$51$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $746,000, adding $2,748 every year, while hoping to spend $34,265 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: 41/49/10 Blend
59$746,000$746,000$746,000$746,000
60$824,927$785,389$773,826$856,195
61$872,611$787,415$763,291$880,411
62$924,012$788,392$751,255$902,972
63$979,470$788,233$737,632$926,621
64$1,039,363$786,843$722,330$951,471
65$1,104,106$784,126$705,255$977,649
66$1,174,151$779,975$686,307$1,005,295
67$1,250,000$774,279$665,385$1,034,568
68$1,332,203$766,922$642,378$1,065,645
69$1,421,363$757,776$617,173$1,098,722
70$1,518,146$746,711$589,652$1,134,021
71$1,623,283$733,586$559,691$1,171,785
72$1,737,577$718,251$527,160$1,212,290
73$1,861,915$700,550$491,925$1,255,840
74$1,997,268$680,315$453,842$1,302,774
75$2,144,709$657,370$412,765$1,353,470
76$2,305,416$631,528$368,540$1,408,349
77$2,480,686$602,590$321,004$1,467,879
78$2,671,948$570,349$269,989$1,532,581
79$2,880,772$534,582$215,319$1,603,032
80$3,108,890$495,055$156,812$1,679,875
81$3,358,206$451,522$94,273$1,763,824
82$3,630,816$403,720$27,505$1,855,671
83$3,929,030$351,373$0$1,956,296
84$4,255,389$294,188$0$2,071,343
85$4,612,694$231,858$0$2,200,662
86$5,004,026$164,057$0$2,342,541
87$5,432,780$90,440$0$2,498,335
88$5,902,696$10,643$0$2,669,548
89$6,417,889$0$0$2,857,842
90$6,982,895$0$0$3,105,885
91$7,602,709$0$0$3,384,382
92$8,282,832$0$0$3,690,079
93$9,029,324$0$0$4,025,712
94$9,848,860$0$0$4,394,296
95$10,748,793$0$0$4,799,152
96$11,737,223$0$0$5,243,937
97$12,823,072$0$0$5,732,682
98$14,016,170$0$0$6,269,824
99$15,327,346$0$0$6,860,257
100$16,768,530$0$0$7,509,367