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%17.2%
1 years$62,017$61,464$60,926$60,399$59,886$58,132
2 years$30,701$30,130$29,575$29,038$28,517$26,764
3 years$20,264$19,690$19,137$18,605$18,092$16,396
4 years$15,047$14,474$13,927$13,404$12,904$11,276
5 years$11,917$11,348$10,808$10,295$9,809$8,255
6 years$9,831$9,266$8,734$8,233$7,762$6,282
7 years$8,342$7,782$7,258$6,769$6,312$4,908
8 years$7,226$6,671$6,156$5,678$5,237$3,906
9 years$6,358$5,808$5,302$4,837$4,410$3,152
10 years$5,664$5,119$4,622$4,169$3,758$2,571
11 years$5,096$4,558$4,069$3,629$3,232$2,114
12 years$4,624$4,091$3,611$3,183$2,800$1,749
13 years$4,224$3,697$3,227$2,810$2,442$1,455
14 years$3,882$3,360$2,899$2,494$2,141$1,216
15 years$3,586$3,070$2,618$2,224$1,885$1,019
16 years$3,327$2,816$2,373$1,992$1,666$857
17 years$3,099$2,594$2,159$1,790$1,477$722
18 years$2,896$2,397$1,971$1,613$1,313$609
19 years$2,715$2,221$1,805$1,457$1,171$515
20 years$2,552$2,064$1,656$1,320$1,046$436
21 years$2,405$1,923$1,523$1,198$936$370
22 years$2,272$1,795$1,404$1,089$839$314
23 years$2,150$1,679$1,296$992$753$267
24 years$2,039$1,573$1,199$905$677$227
25 years$1,936$1,476$1,110$826$609$193
26 years$1,842$1,387$1,030$755$548$164
27 years$1,755$1,305$956$691$495$140
28 years$1,674$1,230$889$634$446$119
29 years$1,599$1,160$827$581$403$101
30 years$1,529$1,096$771$533$364$86
31 years$1,463$1,036$718$490$329$74
32 years$1,402$980$670$450$298$63
33 years$1,345$928$626$414$269$53
34 years$1,291$880$585$381$244$46
35 years$1,240$835$547$351$221$39
36 years$1,193$792$511$323$200$33
37 years$1,148$752$479$297$181$28
38 years$1,105$715$448$274$165$24
39 years$1,065$680$420$253$149$21
40 years$1,027$647$394$233$135$18
41 years$991$616$369$215$123$15
42 years$956$586$346$199$111$13
43 years$923$559$325$183$101$11
44 years$892$533$305$169$92$9
45 years$863$508$286$156$83$8
46 years$834$484$269$144$76$7
47 years$807$462$253$133$69$6
48 years$782$441$237$123$62$5
49 years$757$421$223$114$57$4
50 years$733$403$210$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $751,000, adding $4,254 every year, while hoping to spend $47,341 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: 70/5/25 Blend
59$751,000$751,000$751,000$751,000
60$831,990$792,187$780,547$884,660
61$866,483$780,634$756,324$908,906
62$902,907$766,928$729,704$929,537
63$941,409$750,913$700,555$951,001
64$982,151$732,426$668,742$973,379
65$1,025,307$711,292$634,122$996,759
66$1,071,069$687,325$596,545$1,021,241
67$1,119,645$660,332$555,857$1,046,937
68$1,171,266$630,104$511,894$1,073,970
69$1,226,180$596,425$464,488$1,102,478
70$1,284,662$559,061$413,460$1,132,614
71$1,347,011$517,769$358,625$1,164,549
72$1,413,557$472,290$299,789$1,198,473
73$1,484,658$422,351$236,751$1,234,597
74$1,560,710$367,663$169,298$1,273,156
75$1,642,144$307,920$97,212$1,314,411
76$1,729,436$242,801$20,261$1,358,652
77$1,823,104$171,964$0$1,406,199
78$1,923,721$95,050$0$1,473,911
79$2,031,912$11,679$0$1,552,523
80$2,148,366$0$0$1,637,135
81$2,273,838$0$0$1,732,627
82$2,409,157$0$0$1,836,339
83$2,555,237$0$0$1,948,328
84$2,713,077$0$0$2,069,369
85$2,883,778$0$0$2,200,308
86$3,068,552$0$0$2,342,078
87$3,268,726$0$0$2,495,706
88$3,485,765$0$0$2,662,317
89$3,721,277$0$0$2,843,152
90$3,977,029$0$0$3,039,575
91$4,254,968$0$0$3,253,086
92$4,557,233$0$0$3,485,333
93$4,886,180$0$0$3,738,134
94$5,244,398$0$0$4,013,485
95$5,634,740$0$0$4,313,585
96$6,060,341$0$0$4,640,854
97$6,524,657$0$0$4,997,952
98$7,031,486$0$0$5,387,813
99$7,585,013$0$0$5,813,661
100$8,189,844$0$0$6,279,049