Can I retire at age 60 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$60,118$59,582$59,060$58,550$58,052$57,469
2 years$29,761$29,207$28,670$28,149$27,644$27,057
3 years$19,644$19,087$18,551$18,035$17,538$16,966
4 years$14,586$14,031$13,501$12,993$12,508$11,954
5 years$11,552$11,000$10,477$9,980$9,509$8,975
6 years$9,530$8,983$8,467$7,981$7,524$7,011
7 years$8,087$7,544$7,036$6,562$6,119$5,626
8 years$7,004$6,466$5,967$5,505$5,076$4,605
9 years$6,163$5,630$5,139$4,689$4,275$3,824
10 years$5,490$4,963$4,481$4,042$3,642$3,212
11 years$4,940$4,418$3,945$3,517$3,133$2,722
12 years$4,482$3,965$3,501$3,085$2,715$2,324
13 years$4,095$3,583$3,128$2,724$2,367$1,996
14 years$3,763$3,257$2,810$2,418$2,075$1,722
15 years$3,476$2,976$2,537$2,156$1,827$1,493
16 years$3,225$2,730$2,300$1,931$1,615$1,298
17 years$3,004$2,514$2,093$1,735$1,432$1,132
18 years$2,808$2,323$1,911$1,563$1,273$990
19 years$2,632$2,153$1,749$1,413$1,135$867
20 years$2,474$2,001$1,606$1,279$1,014$761
21 years$2,332$1,864$1,477$1,161$907$670
22 years$2,202$1,740$1,361$1,056$813$590
23 years$2,084$1,627$1,257$962$730$520
24 years$1,976$1,525$1,162$877$656$459
25 years$1,877$1,431$1,076$801$590$405
26 years$1,785$1,345$998$732$532$358
27 years$1,701$1,265$927$670$479$317
28 years$1,623$1,192$862$614$433$281
29 years$1,550$1,125$802$563$391$249
30 years$1,482$1,062$747$517$353$220
31 years$1,419$1,004$696$475$319$195
32 years$1,359$950$650$436$289$173
33 years$1,304$900$607$401$261$154
34 years$1,252$853$567$369$236$136
35 years$1,202$809$530$340$214$121
36 years$1,156$768$496$313$194$108
37 years$1,113$729$464$288$176$96
38 years$1,071$693$435$266$159$85
39 years$1,032$659$407$245$145$75
40 years$995$627$382$226$131$67
41 years$960$597$358$209$119$60
42 years$927$568$336$192$108$53
43 years$895$542$315$178$98$47
44 years$865$516$296$164$89$42
45 years$836$492$278$151$81$37
46 years$809$470$261$140$73$33
47 years$783$448$245$129$67$29
48 years$758$428$230$119$60$26
49 years$734$409$216$110$55$23
50 years$711$390$203$102$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $728,000, adding $4,213 every year, while hoping to spend $53,683 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: 37/41/22 Blend
59$728,000$728,000$728,000$728,000
60$806,602$768,018$756,734$830,976
61$831,757$748,532$724,966$829,636
62$857,678$726,293$690,335$822,884
63$884,388$701,108$652,688$814,504
64$911,908$672,774$611,865$804,382
65$940,260$641,078$567,700$792,397
66$969,467$605,791$520,019$778,421
67$999,553$566,675$468,639$762,319
68$1,030,540$523,474$413,371$743,948
69$1,062,452$475,921$354,016$723,158
70$1,095,313$423,733$290,366$699,790
71$1,129,147$366,608$222,206$673,674
72$1,163,979$304,231$149,309$644,634
73$1,199,833$236,267$71,439$612,482
74$1,236,734$162,361$0$577,021
75$1,274,706$82,142$0$540,778
76$1,313,774$0$0$518,871
77$1,353,962$0$0$496,500
78$1,395,293$0$0$511,602
79$1,437,793$0$0$527,126
80$1,481,482$0$0$543,077
81$1,526,385$0$0$559,465
82$1,572,522$0$0$576,295
83$1,619,914$0$0$593,575
84$1,668,580$0$0$611,310
85$1,718,539$0$0$629,506
86$1,769,805$0$0$648,166
87$1,822,395$0$0$667,295
88$1,876,318$0$0$686,895
89$1,931,585$0$0$706,968
90$1,988,202$0$0$727,513
91$2,046,171$0$0$748,530
92$2,105,490$0$0$770,015
93$2,166,154$0$0$791,963
94$2,228,152$0$0$814,367
95$2,291,467$0$0$837,218
96$2,356,075$0$0$860,502
97$2,421,946$0$0$884,205
98$2,489,041$0$0$908,308
99$2,557,311$0$0$932,788
100$2,626,698$0$0$957,617