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%11.4%
1 years$61,769$61,219$60,682$60,158$59,647$59,296
2 years$30,579$30,009$29,457$28,922$28,403$28,049
3 years$20,183$19,611$19,061$18,531$18,020$17,674
4 years$14,987$14,416$13,871$13,350$12,852$12,516
5 years$11,869$11,303$10,765$10,254$9,770$9,446
6 years$9,792$9,229$8,700$8,200$7,731$7,418
7 years$8,309$7,751$7,229$6,742$6,287$5,987
8 years$7,197$6,644$6,131$5,656$5,216$4,928
9 years$6,332$5,785$5,281$4,817$4,392$4,116
10 years$5,641$5,099$4,604$4,153$3,743$3,478
11 years$5,076$4,539$4,053$3,614$3,219$2,966
12 years$4,605$4,074$3,597$3,170$2,789$2,548
13 years$4,208$3,682$3,214$2,799$2,432$2,202
14 years$3,867$3,347$2,888$2,484$2,132$1,913
15 years$3,572$3,057$2,607$2,216$1,877$1,669
16 years$3,314$2,805$2,364$1,984$1,659$1,461
17 years$3,087$2,583$2,151$1,782$1,471$1,283
18 years$2,885$2,387$1,963$1,606$1,308$1,130
19 years$2,704$2,212$1,797$1,451$1,166$997
20 years$2,542$2,056$1,650$1,315$1,041$882
21 years$2,396$1,915$1,517$1,193$932$781
22 years$2,263$1,788$1,398$1,085$835$693
23 years$2,141$1,672$1,291$988$750$616
24 years$2,030$1,566$1,194$901$674$548
25 years$1,928$1,470$1,106$823$606$488
26 years$1,834$1,382$1,026$752$546$434
27 years$1,748$1,300$953$689$493$387
28 years$1,667$1,225$886$631$444$346
29 years$1,592$1,156$824$579$401$309
30 years$1,523$1,092$768$531$363$276
31 years$1,458$1,032$716$488$328$247
32 years$1,397$976$668$448$297$221
33 years$1,340$925$623$412$268$197
34 years$1,286$876$582$379$243$177
35 years$1,236$831$545$349$220$158
36 years$1,188$789$509$322$199$142
37 years$1,143$749$477$296$181$127
38 years$1,101$712$447$273$164$114
39 years$1,061$677$418$252$149$102
40 years$1,023$644$392$232$135$91
41 years$987$613$368$214$122$82
42 years$952$584$345$198$111$73
43 years$920$556$324$183$101$66
44 years$889$530$304$169$91$59
45 years$859$506$285$156$83$53
46 years$831$483$268$144$75$47
47 years$804$460$252$133$68$43
48 years$778$440$237$123$62$38
49 years$754$420$222$113$56$34
50 years$730$401$209$105$51$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $748,000, adding $4,021 every year, while hoping to spend $33,071 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: 57/20/23 Blend
59$748,000$748,000$748,000$748,000
60$828,444$788,800$777,206$870,301
61$877,758$792,264$768,055$902,804
62$930,993$794,789$757,489$934,345
63$988,516$796,294$745,426$968,012
64$1,050,726$796,695$731,779$1,004,018
65$1,118,065$795,898$716,459$1,042,600
66$1,191,018$793,807$699,371$1,084,019
67$1,270,118$790,320$680,416$1,128,565
68$1,355,951$785,326$659,491$1,176,560
69$1,449,162$778,711$636,487$1,228,358
70$1,550,460$770,351$611,293$1,284,352
71$1,660,624$760,117$583,789$1,344,976
72$1,780,515$747,869$553,853$1,410,713
73$1,911,075$733,462$521,355$1,482,093
74$2,053,344$716,741$486,159$1,559,706
75$2,208,466$697,542$448,126$1,644,201
76$2,377,699$675,691$407,108$1,736,298
77$2,562,428$651,005$362,951$1,836,792
78$2,764,180$623,288$315,494$1,946,562
79$2,984,633$592,335$264,569$2,066,580
80$3,225,634$557,928$210,001$2,197,920
81$3,489,220$519,838$151,607$2,341,768
82$3,777,630$477,820$89,196$2,499,435
83$4,093,332$431,617$22,568$2,672,370
84$4,439,043$380,958$0$2,862,172
85$4,817,755$325,554$0$3,082,522
86$5,232,762$265,102$0$3,330,143
87$5,687,693$199,281$0$3,601,704
88$6,186,544$127,752$0$3,899,644
89$6,733,718$50,158$0$4,226,651
90$7,334,061$0$0$4,585,692
91$7,992,915$0$0$4,987,493
92$8,716,162$0$0$5,440,748
93$9,510,281$0$0$5,938,488
94$10,382,410$0$0$6,485,195
95$11,340,412$0$0$7,085,807
96$12,392,948$0$0$7,745,764
97$13,549,561$0$0$8,471,058
98$14,820,763$0$0$9,268,292
99$16,218,136$0$0$10,144,740
100$17,754,439$0$0$11,108,414