Can I retire at age 60 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$62,017$61,464$60,926$60,399$59,886$59,334
2 years$30,701$30,130$29,575$29,038$28,517$27,962
3 years$20,264$19,690$19,137$18,605$18,092$17,550
4 years$15,047$14,474$13,927$13,404$12,904$12,378
5 years$11,917$11,348$10,808$10,295$9,809$9,303
6 years$9,831$9,266$8,734$8,233$7,762$7,275
7 years$8,342$7,782$7,258$6,769$6,312$5,845
8 years$7,226$6,671$6,156$5,678$5,237$4,789
9 years$6,358$5,808$5,302$4,837$4,410$3,982
10 years$5,664$5,119$4,622$4,169$3,758$3,349
11 years$5,096$4,558$4,069$3,629$3,232$2,842
12 years$4,624$4,091$3,611$3,183$2,800$2,429
13 years$4,224$3,697$3,227$2,810$2,442$2,089
14 years$3,882$3,360$2,899$2,494$2,141$1,805
15 years$3,586$3,070$2,618$2,224$1,885$1,566
16 years$3,327$2,816$2,373$1,992$1,666$1,364
17 years$3,099$2,594$2,159$1,790$1,477$1,191
18 years$2,896$2,397$1,971$1,613$1,313$1,043
19 years$2,715$2,221$1,805$1,457$1,171$915
20 years$2,552$2,064$1,656$1,320$1,046$805
21 years$2,405$1,923$1,523$1,198$936$709
22 years$2,272$1,795$1,404$1,089$839$625
23 years$2,150$1,679$1,296$992$753$552
24 years$2,039$1,573$1,199$905$677$488
25 years$1,936$1,476$1,110$826$609$432
26 years$1,842$1,387$1,030$755$548$382
27 years$1,755$1,305$956$691$495$339
28 years$1,674$1,230$889$634$446$300
29 years$1,599$1,160$827$581$403$266
30 years$1,529$1,096$771$533$364$237
31 years$1,463$1,036$718$490$329$210
32 years$1,402$980$670$450$298$187
33 years$1,345$928$626$414$269$166
34 years$1,291$880$585$381$244$147
35 years$1,240$835$547$351$221$131
36 years$1,193$792$511$323$200$117
37 years$1,148$752$479$297$181$104
38 years$1,105$715$448$274$165$92
39 years$1,065$680$420$253$149$82
40 years$1,027$647$394$233$135$73
41 years$991$616$369$215$123$65
42 years$956$586$346$199$111$58
43 years$923$559$325$183$101$52
44 years$892$533$305$169$92$46
45 years$863$508$286$156$83$41
46 years$834$484$269$144$76$36
47 years$807$462$253$133$69$33
48 years$782$441$237$123$62$29
49 years$757$421$223$114$57$26
50 years$733$403$210$105$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $751,000, adding $2,632 every year, while hoping to spend $42,540 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: 67/6/27 Blend
59$751,000$751,000$751,000$751,000
60$830,317$790,514$778,873$879,934
61$869,747$783,987$759,703$907,140
62$911,773$775,714$738,466$931,837
63$956,615$765,566$715,045$957,890
64$1,004,515$753,403$689,324$985,435
65$1,055,735$739,079$661,176$1,014,622
66$1,110,565$722,439$630,471$1,045,620
67$1,169,323$703,319$597,072$1,078,614
68$1,232,357$681,545$560,837$1,113,811
69$1,300,050$656,933$521,617$1,151,440
70$1,372,819$629,287$479,255$1,191,755
71$1,451,126$598,402$433,590$1,235,037
72$1,535,477$564,059$384,451$1,281,599
73$1,626,425$526,028$331,660$1,331,786
74$1,724,582$484,064$275,032$1,385,982
75$1,830,617$437,911$214,373$1,444,612
76$1,945,267$387,296$149,482$1,508,146
77$2,069,340$331,929$80,146$1,577,104
78$2,203,728$271,509$6,145$1,652,064
79$2,349,407$205,711$0$1,733,662
80$2,507,454$134,199$0$1,843,586
81$2,679,051$56,611$0$1,964,889
82$2,865,500$0$0$2,096,735
83$3,068,233$0$0$2,241,968
84$3,288,823$0$0$2,404,100
85$3,529,004$0$0$2,580,674
86$3,790,682$0$0$2,773,096
87$4,075,955$0$0$2,982,915
88$4,387,133$0$0$3,211,834
89$4,726,757$0$0$3,461,730
90$5,097,625$0$0$3,734,668
91$5,502,817$0$0$4,032,920
92$5,945,723$0$0$4,358,990
93$6,430,077$0$0$4,715,632
94$6,959,988$0$0$5,105,880
95$7,539,983$0$0$5,533,075
96$8,175,044$0$0$6,000,895
97$8,870,661$0$0$6,513,392
98$9,632,875$0$0$7,075,026
99$10,468,344$0$0$7,690,711
100$11,384,398$0$0$8,365,858