Can I retire at age 60 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$61,852$61,301$60,763$60,239$59,726$59,425
2 years$30,620$30,049$29,497$28,961$28,441$28,137
3 years$20,210$19,638$19,086$18,556$18,044$17,746
4 years$15,007$14,436$13,890$13,368$12,869$12,580
5 years$11,885$11,318$10,779$10,268$9,783$9,504
6 years$9,805$9,242$8,711$8,211$7,741$7,472
7 years$8,320$7,761$7,239$6,751$6,295$6,037
8 years$7,206$6,653$6,139$5,663$5,223$4,974
9 years$6,341$5,792$5,288$4,824$4,398$4,160
10 years$5,649$5,106$4,610$4,158$3,748$3,520
11 years$5,083$4,545$4,059$3,619$3,223$3,005
12 years$4,612$4,080$3,602$3,174$2,793$2,585
13 years$4,213$3,687$3,218$2,802$2,436$2,237
14 years$3,872$3,351$2,891$2,488$2,135$1,946
15 years$3,577$3,061$2,611$2,219$1,880$1,700
16 years$3,318$2,809$2,367$1,986$1,661$1,490
17 years$3,091$2,587$2,154$1,785$1,473$1,311
18 years$2,889$2,390$1,966$1,608$1,310$1,156
19 years$2,708$2,215$1,800$1,453$1,167$1,021
20 years$2,546$2,059$1,652$1,316$1,043$905
21 years$2,399$1,917$1,519$1,195$933$802
22 years$2,266$1,790$1,400$1,086$836$713
23 years$2,144$1,674$1,293$989$751$634
24 years$2,033$1,568$1,196$902$675$565
25 years$1,931$1,472$1,108$824$607$504
26 years$1,837$1,383$1,027$753$547$450
27 years$1,750$1,302$954$690$493$402
28 years$1,669$1,227$887$632$445$359
29 years$1,594$1,157$825$579$402$321
30 years$1,525$1,093$769$532$363$287
31 years$1,459$1,033$717$488$328$257
32 years$1,399$978$669$449$297$230
33 years$1,341$926$624$413$269$207
34 years$1,288$878$583$380$243$185
35 years$1,237$832$545$350$220$166
36 years$1,190$790$510$322$200$149
37 years$1,145$750$477$297$181$134
38 years$1,102$713$447$273$164$120
39 years$1,062$678$419$252$149$108
40 years$1,024$645$393$233$135$97
41 years$988$614$368$215$122$87
42 years$954$585$345$198$111$78
43 years$921$557$324$183$101$70
44 years$890$531$304$169$92$63
45 years$860$506$286$156$83$57
46 years$832$483$268$144$75$51
47 years$805$461$252$133$68$46
48 years$779$440$237$123$62$41
49 years$755$420$223$114$56$37
50 years$731$402$209$105$51$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $749,000, adding $2,114 every year, while hoping to spend $41,876 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: 49/40/11 Blend
59$749,000$749,000$749,000$749,000
60$827,579$787,882$776,272$865,562
61$867,436$781,932$757,721$885,903
62$909,955$774,287$737,146$903,418
63$955,364$764,821$714,433$921,490
64$1,003,910$753,397$689,467$940,181
65$1,055,869$739,872$662,123$959,567
66$1,111,538$724,097$632,275$979,731
67$1,171,246$705,909$599,787$1,000,768
68$1,235,354$685,139$564,521$1,022,784
69$1,304,257$661,608$526,330$1,045,903
70$1,378,390$635,126$485,060$1,070,261
71$1,458,229$605,490$440,553$1,096,014
72$1,544,298$572,488$392,641$1,123,335
73$1,637,171$535,895$341,149$1,152,421
74$1,737,481$495,473$285,897$1,183,493
75$1,845,922$450,969$226,692$1,216,799
76$1,963,258$402,118$163,338$1,252,616
77$2,090,327$348,639$95,627$1,291,257
78$2,228,052$290,234$23,342$1,333,070
79$2,377,447$226,589$0$1,378,446
80$2,539,628$157,372$0$1,434,135
81$2,715,821$82,235$0$1,497,646
82$2,907,375$805$0$1,566,808
83$3,115,777$0$0$1,642,260
84$3,342,658$0$0$1,763,140
85$3,589,818$0$0$1,895,284
86$3,859,233$0$0$2,039,403
87$4,153,081$0$0$2,196,673
88$4,473,758$0$0$2,368,386
89$4,823,901$0$0$2,555,965
90$5,206,414$0$0$2,760,976
91$5,624,494$0$0$2,985,144
92$6,081,659$0$0$3,230,367
93$6,581,784$0$0$3,498,736
94$7,129,136$0$0$3,792,553
95$7,728,411$0$0$4,114,353
96$8,384,785$0$0$4,466,928
97$9,103,952$0$0$4,853,352
98$9,892,188$0$0$5,277,012
99$10,756,403$0$0$5,741,637
100$11,704,206$0$0$6,251,334