Can I retire at age 60 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$61,769$61,219$60,682$60,158$59,647$59,122
2 years$30,579$30,009$29,457$28,922$28,403$27,875
3 years$20,183$19,611$19,061$18,531$18,020$17,504
4 years$14,987$14,416$13,871$13,350$12,852$12,352
5 years$11,869$11,303$10,765$10,254$9,770$9,288
6 years$9,792$9,229$8,700$8,200$7,731$7,267
7 years$8,309$7,751$7,229$6,742$6,287$5,842
8 years$7,197$6,644$6,131$5,656$5,216$4,789
9 years$6,332$5,785$5,281$4,817$4,392$3,984
10 years$5,641$5,099$4,604$4,153$3,743$3,353
11 years$5,076$4,539$4,053$3,614$3,219$2,847
12 years$4,605$4,074$3,597$3,170$2,789$2,435
13 years$4,208$3,682$3,214$2,799$2,432$2,095
14 years$3,867$3,347$2,888$2,484$2,132$1,812
15 years$3,572$3,057$2,607$2,216$1,877$1,573
16 years$3,314$2,805$2,364$1,984$1,659$1,371
17 years$3,087$2,583$2,151$1,782$1,471$1,198
18 years$2,885$2,387$1,963$1,606$1,308$1,050
19 years$2,704$2,212$1,797$1,451$1,166$922
20 years$2,542$2,056$1,650$1,315$1,041$811
21 years$2,396$1,915$1,517$1,193$932$715
22 years$2,263$1,788$1,398$1,085$835$631
23 years$2,141$1,672$1,291$988$750$557
24 years$2,030$1,566$1,194$901$674$493
25 years$1,928$1,470$1,106$823$606$437
26 years$1,834$1,382$1,026$752$546$387
27 years$1,748$1,300$953$689$493$343
28 years$1,667$1,225$886$631$444$305
29 years$1,592$1,156$824$579$401$270
30 years$1,523$1,092$768$531$363$240
31 years$1,458$1,032$716$488$328$214
32 years$1,397$976$668$448$297$190
33 years$1,340$925$623$412$268$169
34 years$1,286$876$582$379$243$150
35 years$1,236$831$545$349$220$134
36 years$1,188$789$509$322$199$119
37 years$1,143$749$477$296$181$106
38 years$1,101$712$447$273$164$94
39 years$1,061$677$418$252$149$84
40 years$1,023$644$392$232$135$75
41 years$987$613$368$214$122$67
42 years$952$584$345$198$111$60
43 years$920$556$324$183$101$53
44 years$889$530$304$169$91$47
45 years$859$506$285$156$83$42
46 years$831$483$268$144$75$38
47 years$804$460$252$133$68$34
48 years$778$440$237$123$62$30
49 years$754$420$222$113$56$27
50 years$730$401$209$105$51$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $748,000, adding $6,678 every year, while hoping to spend $36,241 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: 31/41/28 Blend
59$748,000$748,000$748,000$748,000
60$831,184$791,540$779,946$849,663
61$877,405$791,766$767,514$864,729
62$927,126$790,787$753,451$877,298
63$980,665$788,508$737,664$890,116
64$1,038,372$784,825$720,056$903,229
65$1,100,633$779,628$700,525$916,693
66$1,167,870$772,802$678,964$930,571
67$1,240,546$764,223$655,263$944,937
68$1,319,172$753,760$629,304$959,875
69$1,404,308$741,275$600,967$975,482
70$1,496,572$726,622$570,124$991,869
71$1,596,641$709,646$536,642$1,009,162
72$1,705,261$690,181$500,382$1,027,505
73$1,823,252$668,053$461,199$1,047,062
74$1,951,515$643,080$418,940$1,068,017
75$2,091,044$615,064$373,449$1,090,580
76$2,242,929$583,801$324,558$1,114,988
77$2,408,372$549,072$272,095$1,141,507
78$2,588,696$510,646$215,880$1,170,437
79$2,785,354$468,280$155,724$1,202,115
80$2,999,949$421,714$91,430$1,236,922
81$3,234,243$370,678$22,792$1,275,283
82$3,490,177$314,882$0$1,317,674
83$3,769,886$254,022$0$1,379,705
84$4,075,722$187,777$0$1,455,145
85$4,410,275$115,807$0$1,537,915
86$4,776,395$37,754$0$1,628,835
87$5,177,223$0$0$1,728,815
88$5,616,214$0$0$1,859,959
89$6,097,176$0$0$2,022,417
90$6,624,301$0$0$2,200,588
91$7,202,207$0$0$2,396,047
92$7,835,980$0$0$2,610,529
93$8,531,222$0$0$2,845,945
94$9,294,100$0$0$3,104,403
95$10,131,413$0$0$3,388,220
96$11,050,644$0$0$3,699,952
97$12,060,041$0$0$4,042,414
98$13,168,686$0$0$4,418,707
99$14,386,587$0$0$4,832,247
100$15,724,766$0$0$5,286,797