Can I retire at age 60 with 734,000?

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 $734,000?

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$60,613$60,073$59,546$59,032$58,530$56,409
2 years$30,006$29,448$28,906$28,381$27,872$25,757
3 years$19,806$19,244$18,704$18,184$17,683$15,643
4 years$14,706$14,147$13,612$13,100$12,612$10,661
5 years$11,647$11,091$10,563$10,062$9,587$7,731
6 years$9,609$9,057$8,537$8,047$7,586$5,826
7 years$8,153$7,606$7,094$6,616$6,169$4,505
8 years$7,062$6,520$6,016$5,550$5,118$3,547
9 years$6,214$5,676$5,182$4,727$4,310$2,831
10 years$5,536$5,004$4,518$4,075$3,672$2,283
11 years$4,981$4,454$3,977$3,546$3,158$1,855
12 years$4,519$3,998$3,530$3,111$2,737$1,517
13 years$4,129$3,613$3,154$2,746$2,387$1,247
14 years$3,794$3,284$2,834$2,438$2,092$1,029
15 years$3,505$3,000$2,558$2,174$1,842$851
16 years$3,252$2,753$2,319$1,947$1,628$706
17 years$3,029$2,535$2,111$1,749$1,444$587
18 years$2,831$2,342$1,927$1,576$1,284$489
19 years$2,654$2,171$1,764$1,424$1,144$408
20 years$2,495$2,017$1,619$1,290$1,022$341
21 years$2,351$1,879$1,489$1,171$914$285
22 years$2,220$1,754$1,372$1,064$820$239
23 years$2,101$1,641$1,267$969$736$200
24 years$1,992$1,537$1,172$884$661$167
25 years$1,892$1,442$1,085$807$595$140
26 years$1,800$1,356$1,007$738$536$118
27 years$1,715$1,276$935$676$483$99
28 years$1,636$1,202$869$619$436$83
29 years$1,563$1,134$809$568$394$70
30 years$1,494$1,071$753$521$356$58
31 years$1,430$1,013$702$479$322$49
32 years$1,370$958$655$440$291$41
33 years$1,314$907$612$404$263$35
34 years$1,262$860$572$372$238$29
35 years$1,212$816$534$343$216$24
36 years$1,166$774$500$316$196$20
37 years$1,122$735$468$291$177$17
38 years$1,080$699$438$268$161$14
39 years$1,041$664$410$247$146$12
40 years$1,003$632$385$228$132$10
41 years$968$602$361$210$120$9
42 years$934$573$338$194$109$7
43 years$903$546$318$179$99$6
44 years$872$521$298$165$90$5
45 years$843$496$280$153$81$4
46 years$815$473$263$141$74$4
47 years$789$452$247$130$67$3
48 years$764$431$232$120$61$3
49 years$740$412$218$111$55$2
50 years$717$393$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $734,000, adding $4,314 every year, while hoping to spend $57,202 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: 66/24/10 Blend
59$734,000$734,000$734,000$734,000
60$813,318$774,416$763,039$865,003
61$835,414$751,500$727,738$877,039
62$857,846$725,544$689,338$883,010
63$880,590$696,338$647,673$888,055
64$903,613$663,662$602,573$892,081
65$926,880$627,280$553,858$894,983
66$950,350$586,945$501,341$896,650
67$973,975$542,395$444,826$896,961
68$997,701$493,353$384,108$895,786
69$1,021,465$439,525$318,974$892,983
70$1,045,196$380,603$249,201$888,400
71$1,068,813$316,260$174,556$881,872
72$1,092,225$246,149$94,796$873,221
73$1,115,327$169,907$9,668$862,254
74$1,138,005$87,146$0$848,761
75$1,160,127$0$0$841,179
76$1,181,546$0$0$832,935
77$1,202,096$0$0$847,049
78$1,221,594$0$0$860,372
79$1,239,832$0$0$872,751
80$1,256,580$0$0$884,019
81$1,271,580$0$0$893,987
82$1,284,546$0$0$902,445
83$1,295,157$0$0$909,159
84$1,303,057$0$0$913,871
85$1,307,851$0$0$916,291
86$1,309,097$0$0$916,097
87$1,306,308$0$0$912,933
88$1,298,941$0$0$906,404
89$1,286,393$0$0$896,070
90$1,267,996$0$0$881,443
91$1,243,010$0$0$861,985
92$1,210,614$0$0$837,098
93$1,169,900$0$0$806,118
94$1,119,860$0$0$768,313
95$1,059,382$0$0$722,871
96$987,231$0$0$668,894
97$902,045$0$0$605,388
98$802,314$0$0$531,256
99$686,371$0$0$445,281
100$552,372$0$0$346,122