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%19%
1 years$61,604$61,055$60,520$59,997$59,487$57,331
2 years$30,497$29,929$29,379$28,845$28,327$26,178
3 years$20,129$19,559$19,010$18,481$17,972$15,898
4 years$14,947$14,378$13,834$13,315$12,818$10,835
5 years$11,838$11,272$10,736$10,227$9,744$7,857
6 years$9,766$9,205$8,676$8,179$7,710$5,921
7 years$8,286$7,730$7,210$6,724$6,270$4,578
8 years$7,177$6,626$6,115$5,641$5,202$3,605
9 years$6,315$5,769$5,267$4,805$4,381$2,878
10 years$5,626$5,085$4,592$4,142$3,733$2,320
11 years$5,062$4,527$4,042$3,604$3,210$1,886
12 years$4,593$4,063$3,587$3,162$2,782$1,542
13 years$4,196$3,672$3,205$2,791$2,426$1,267
14 years$3,857$3,338$2,880$2,478$2,126$1,045
15 years$3,562$3,049$2,600$2,210$1,872$865
16 years$3,305$2,798$2,357$1,979$1,655$718
17 years$3,078$2,576$2,145$1,778$1,467$597
18 years$2,877$2,381$1,958$1,602$1,305$497
19 years$2,697$2,206$1,793$1,448$1,163$415
20 years$2,535$2,050$1,645$1,311$1,039$347
21 years$2,389$1,910$1,513$1,190$929$290
22 years$2,257$1,783$1,395$1,082$833$242
23 years$2,136$1,667$1,288$985$748$203
24 years$2,025$1,562$1,191$899$672$170
25 years$1,923$1,466$1,103$821$605$143
26 years$1,830$1,378$1,023$750$545$120
27 years$1,743$1,297$950$687$491$100
28 years$1,663$1,222$883$629$443$84
29 years$1,588$1,153$822$577$400$71
30 years$1,519$1,089$766$530$362$59
31 years$1,454$1,029$714$486$327$50
32 years$1,393$974$666$447$296$42
33 years$1,336$922$622$411$268$35
34 years$1,283$874$581$378$242$29
35 years$1,232$829$543$348$219$25
36 years$1,185$787$508$321$199$21
37 years$1,140$747$476$295$180$17
38 years$1,098$710$445$272$163$15
39 years$1,058$675$417$251$148$12
40 years$1,020$643$391$232$134$10
41 years$984$612$367$214$122$9
42 years$950$582$344$197$111$7
43 years$917$555$323$182$100$6
44 years$886$529$303$168$91$5
45 years$857$504$284$155$83$4
46 years$829$481$267$143$75$4
47 years$802$459$251$132$68$3
48 years$776$438$236$122$62$3
49 years$752$419$222$113$56$2
50 years$728$400$208$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $746,000, adding $6,035 every year, while hoping to spend $25,318 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: 58/18/24 Blend
59$746,000$746,000$746,000$746,000
60$828,317$788,779$777,216$870,672
61$885,867$800,491$776,315$911,965
62$948,439$811,928$774,535$953,741
63$1,016,518$823,051$771,819$998,747
64$1,090,638$833,816$768,111$1,047,303
65$1,171,387$844,176$763,346$1,099,760
66$1,259,411$854,084$757,461$1,156,506
67$1,355,424$863,487$750,389$1,217,969
68$1,460,207$872,328$742,057$1,284,623
69$1,574,624$880,548$732,392$1,356,989
70$1,699,624$888,083$721,315$1,435,642
71$1,836,253$894,866$708,746$1,521,218
72$1,985,660$900,824$694,599$1,614,417
73$2,149,114$905,880$678,784$1,716,012
74$2,328,008$909,953$661,208$1,826,858
75$2,523,880$912,956$641,773$1,947,894
76$2,738,421$914,796$620,378$2,080,160
77$2,973,493$915,375$596,914$2,224,801
78$3,231,150$914,588$571,271$2,383,082
79$3,513,649$912,326$543,331$2,556,396
80$3,823,481$908,469$512,972$2,746,283
81$4,163,386$902,894$480,067$2,954,438
82$4,536,383$895,468$444,481$3,182,734
83$4,945,799$886,050$406,075$3,433,235
84$5,395,296$874,492$364,705$3,708,219
85$5,888,910$860,636$320,216$4,010,198
86$6,431,087$844,315$272,451$4,341,942
87$7,026,723$825,352$221,243$4,706,507
88$7,681,213$803,559$166,420$5,107,262
89$8,400,501$778,737$107,799$5,547,924
90$9,191,134$750,677$45,192$6,032,592
91$10,060,326$719,157$0$6,565,785
92$11,016,024$683,940$0$7,158,024
93$12,066,984$644,778$0$7,821,979
94$13,222,852$601,409$0$8,552,181
95$14,494,258$553,552$0$9,355,370
96$15,892,911$500,915$0$10,238,975
97$17,431,714$443,187$0$11,211,184
98$19,124,884$380,038$0$12,281,021
99$20,988,084$311,121$0$13,458,431
100$23,038,573$236,070$0$14,754,376