Can I retire at age 60 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$60,448$59,909$59,384$58,871$58,371$57,833
2 years$29,925$29,367$28,827$28,304$27,796$27,254
3 years$19,752$19,192$18,653$18,134$17,635$17,106
4 years$14,666$14,108$13,575$13,065$12,577$12,065
5 years$11,616$11,061$10,535$10,035$9,561$9,067
6 years$9,583$9,032$8,513$8,025$7,565$7,091
7 years$8,131$7,585$7,075$6,598$6,153$5,697
8 years$7,043$6,502$6,000$5,535$5,104$4,668
9 years$6,197$5,661$5,168$4,714$4,298$3,881
10 years$5,520$4,990$4,505$4,064$3,662$3,264
11 years$4,967$4,442$3,966$3,537$3,150$2,770
12 years$4,507$3,987$3,520$3,102$2,730$2,367
13 years$4,118$3,603$3,145$2,739$2,380$2,036
14 years$3,784$3,275$2,826$2,431$2,087$1,759
15 years$3,495$2,992$2,551$2,168$1,837$1,527
16 years$3,243$2,745$2,313$1,941$1,624$1,329
17 years$3,021$2,528$2,105$1,744$1,440$1,161
18 years$2,823$2,336$1,921$1,572$1,280$1,017
19 years$2,647$2,165$1,759$1,420$1,141$892
20 years$2,488$2,012$1,614$1,286$1,019$784
21 years$2,344$1,874$1,485$1,168$912$691
22 years$2,214$1,749$1,369$1,062$817$609
23 years$2,096$1,636$1,264$967$734$538
24 years$1,987$1,533$1,169$882$660$475
25 years$1,887$1,439$1,082$805$594$421
26 years$1,795$1,352$1,004$736$535$372
27 years$1,710$1,272$932$674$482$330
28 years$1,631$1,199$867$617$435$293
29 years$1,558$1,131$806$566$393$260
30 years$1,490$1,068$751$520$355$231
31 years$1,426$1,010$700$477$321$205
32 years$1,367$955$653$439$290$182
33 years$1,311$905$610$403$263$162
34 years$1,258$858$570$371$238$144
35 years$1,209$813$533$342$215$128
36 years$1,163$772$499$315$195$114
37 years$1,119$733$467$290$177$101
38 years$1,077$697$437$267$160$90
39 years$1,038$663$409$246$145$80
40 years$1,001$630$384$227$132$71
41 years$965$600$360$210$120$63
42 years$932$572$338$194$109$57
43 years$900$545$317$179$99$50
44 years$870$519$297$165$89$45
45 years$841$495$279$152$81$40
46 years$813$472$262$141$74$36
47 years$787$451$246$130$67$32
48 years$762$430$231$120$61$28
49 years$738$411$218$111$55$25
50 years$715$392$205$103$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $732,000, adding $4,946 every year, while hoping to spend $55,073 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: 50/24/26 Blend
59$732,000$732,000$732,000$732,000
60$811,766$772,970$761,624$846,177
61$835,969$752,248$728,541$849,959
62$860,794$728,665$692,504$848,149
63$886,248$702,023$653,356$845,083
64$912,335$672,111$610,932$840,667
65$939,056$638,708$565,062$834,800
66$966,414$601,578$515,565$827,375
67$994,406$560,473$462,255$818,279
68$1,023,030$515,132$404,935$807,393
69$1,052,281$465,275$343,402$794,587
70$1,082,150$410,609$277,442$779,727
71$1,112,625$350,825$206,832$762,668
72$1,143,691$285,594$131,340$743,258
73$1,175,330$214,571$50,722$721,333
74$1,207,518$137,389$0$696,721
75$1,240,227$53,663$0$679,034
76$1,273,423$0$0$673,934
77$1,307,066$0$0$676,979
78$1,341,108$0$0$694,375
79$1,375,496$0$0$711,918
80$1,410,165$0$0$729,573
81$1,445,044$0$0$747,297
82$1,480,047$0$0$765,042
83$1,515,081$0$0$782,756
84$1,550,036$0$0$800,377
85$1,584,790$0$0$817,835
86$1,619,203$0$0$835,052
87$1,653,118$0$0$851,940
88$1,686,359$0$0$868,399
89$1,718,725$0$0$884,318
90$1,749,995$0$0$899,573
91$1,779,916$0$0$914,022
92$1,808,210$0$0$927,511
93$1,834,561$0$0$939,863
94$1,858,621$0$0$950,884
95$1,879,999$0$0$960,357
96$1,898,258$0$0$968,039
97$1,912,915$0$0$973,661
98$1,923,429$0$0$976,923
99$1,929,201$0$0$977,492
100$1,929,563$0$0$974,999