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%13.2%
1 years$61,852$61,301$60,763$60,239$59,726$58,931
2 years$30,620$30,049$29,497$28,961$28,441$27,641
3 years$20,210$19,638$19,086$18,556$18,044$17,265
4 years$15,007$14,436$13,890$13,368$12,869$12,116
5 years$11,885$11,318$10,779$10,268$9,783$9,058
6 years$9,805$9,242$8,711$8,211$7,741$7,045
7 years$8,320$7,761$7,239$6,751$6,295$5,629
8 years$7,206$6,653$6,139$5,663$5,223$4,586
9 years$6,341$5,792$5,288$4,824$4,398$3,790
10 years$5,649$5,106$4,610$4,158$3,748$3,168
11 years$5,083$4,545$4,059$3,619$3,223$2,672
12 years$4,612$4,080$3,602$3,174$2,793$2,270
13 years$4,213$3,687$3,218$2,802$2,436$1,939
14 years$3,872$3,351$2,891$2,488$2,135$1,664
15 years$3,577$3,061$2,611$2,219$1,880$1,435
16 years$3,318$2,809$2,367$1,986$1,661$1,241
17 years$3,091$2,587$2,154$1,785$1,473$1,076
18 years$2,889$2,390$1,966$1,608$1,310$935
19 years$2,708$2,215$1,800$1,453$1,167$815
20 years$2,546$2,059$1,652$1,316$1,043$711
21 years$2,399$1,917$1,519$1,195$933$622
22 years$2,266$1,790$1,400$1,086$836$544
23 years$2,144$1,674$1,293$989$751$477
24 years$2,033$1,568$1,196$902$675$418
25 years$1,931$1,472$1,108$824$607$367
26 years$1,837$1,383$1,027$753$547$323
27 years$1,750$1,302$954$690$493$284
28 years$1,669$1,227$887$632$445$249
29 years$1,594$1,157$825$579$402$220
30 years$1,525$1,093$769$532$363$193
31 years$1,459$1,033$717$488$328$170
32 years$1,399$978$669$449$297$150
33 years$1,341$926$624$413$269$132
34 years$1,288$878$583$380$243$117
35 years$1,237$832$545$350$220$103
36 years$1,190$790$510$322$200$91
37 years$1,145$750$477$297$181$80
38 years$1,102$713$447$273$164$71
39 years$1,062$678$419$252$149$62
40 years$1,024$645$393$233$135$55
41 years$988$614$368$215$122$49
42 years$954$585$345$198$111$43
43 years$921$557$324$183$101$38
44 years$890$531$304$169$92$33
45 years$860$506$286$156$83$29
46 years$832$483$268$144$75$26
47 years$805$461$252$133$68$23
48 years$779$440$237$123$62$20
49 years$755$420$223$114$56$18
50 years$731$402$209$105$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $749,000, adding $6,740 every year, while hoping to spend $52,174 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: 75/7/18 Blend
59$749,000$749,000$749,000$749,000
60$832,350$792,653$781,044$890,842
61$861,737$775,981$751,696$913,816
62$892,373$756,742$719,616$931,906
63$924,330$734,758$684,659$950,356
64$957,686$709,835$646,669$969,188
65$992,525$681,772$605,487$988,426
66$1,028,938$650,354$560,947$1,008,098
67$1,067,024$615,355$512,872$1,028,238
68$1,106,887$576,535$461,081$1,048,881
69$1,148,645$533,640$405,382$1,070,069
70$1,192,420$486,402$345,575$1,091,847
71$1,238,349$434,538$281,454$1,114,269
72$1,286,578$377,747$212,800$1,137,394
73$1,337,266$315,715$139,387$1,161,287
74$1,390,588$248,106$60,977$1,186,025
75$1,446,732$174,566$0$1,211,690
76$1,505,903$94,724$0$1,242,739
77$1,568,325$8,186$0$1,287,697
78$1,634,242$0$0$1,335,013
79$1,703,919$0$0$1,391,457
80$1,777,648$0$0$1,451,864
81$1,855,745$0$0$1,515,864
82$1,938,556$0$0$1,583,744
83$2,026,461$0$0$1,655,814
84$2,119,871$0$0$1,732,418
85$2,219,241$0$0$1,813,928
86$2,325,066$0$0$1,900,754
87$2,437,888$0$0$1,993,342
88$2,558,301$0$0$2,092,184
89$2,686,957$0$0$2,197,817
90$2,824,568$0$0$2,310,830
91$2,971,917$0$0$2,431,868
92$3,129,862$0$0$2,561,640
93$3,299,344$0$0$2,700,923
94$3,481,395$0$0$2,850,570
95$3,677,149$0$0$3,011,517
96$3,887,851$0$0$3,184,791
97$4,114,867$0$0$3,371,521
98$4,359,697$0$0$3,572,947
99$4,623,992$0$0$3,790,431
100$4,909,562$0$0$4,025,469