Can I retire at age 60 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$62,099$61,546$61,007$60,480$59,966$58,875
2 years$30,742$30,170$29,615$29,077$28,555$27,460
3 years$20,291$19,716$19,163$18,630$18,116$17,052
4 years$15,067$14,494$13,946$13,422$12,921$11,894
5 years$11,933$11,363$10,822$10,309$9,822$8,837
6 years$9,844$9,279$8,746$8,244$7,772$6,828
7 years$8,353$7,792$7,268$6,778$6,321$5,419
8 years$7,235$6,679$6,164$5,686$5,244$4,384
9 years$6,366$5,816$5,309$4,843$4,416$3,598
10 years$5,671$5,126$4,628$4,175$3,763$2,986
11 years$5,103$4,564$4,075$3,633$3,236$2,499
12 years$4,630$4,096$3,616$3,187$2,804$2,106
13 years$4,230$3,702$3,231$2,814$2,445$1,785
14 years$3,888$3,365$2,903$2,498$2,144$1,520
15 years$3,591$3,074$2,621$2,227$1,887$1,300
16 years$3,332$2,820$2,376$1,994$1,668$1,115
17 years$3,103$2,597$2,162$1,792$1,479$958
18 years$2,900$2,400$1,974$1,615$1,315$826
19 years$2,719$2,224$1,807$1,459$1,172$713
20 years$2,556$2,067$1,658$1,322$1,047$617
21 years$2,409$1,925$1,525$1,199$937$534
22 years$2,275$1,797$1,406$1,091$840$463
23 years$2,153$1,681$1,298$993$754$402
24 years$2,041$1,575$1,201$906$678$350
25 years$1,939$1,478$1,112$827$610$304
26 years$1,844$1,389$1,031$756$549$265
27 years$1,757$1,307$958$692$495$230
28 years$1,676$1,232$890$634$447$201
29 years$1,601$1,162$828$582$403$175
30 years$1,531$1,097$772$534$365$152
31 years$1,465$1,037$719$490$330$133
32 years$1,404$982$671$451$298$116
33 years$1,347$930$627$414$270$101
34 years$1,293$881$586$381$244$88
35 years$1,242$836$547$351$221$77
36 years$1,194$793$512$323$200$67
37 years$1,149$753$479$298$182$59
38 years$1,107$716$449$275$165$51
39 years$1,066$681$421$253$149$45
40 years$1,028$648$394$233$135$39
41 years$992$617$370$215$123$34
42 years$957$587$347$199$112$30
43 years$925$559$325$184$101$26
44 years$893$533$305$169$92$23
45 years$864$509$287$156$83$20
46 years$835$485$269$145$76$17
47 years$808$463$253$134$69$15
48 years$783$442$238$123$62$13
49 years$758$422$224$114$57$12
50 years$734$403$210$105$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $752,000, adding $4,899 every year, while hoping to spend $40,249 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: 46/38/16 Blend
59$752,000$752,000$752,000$752,000
60$833,757$793,901$782,245$868,107
61$875,976$789,978$765,626$888,591
62$921,152$784,513$747,101$906,345
63$969,544$777,389$726,564$924,739
64$1,021,437$768,481$703,903$943,849
65$1,077,143$757,656$679,003$963,759
66$1,137,004$744,773$651,742$984,569
67$1,201,395$729,683$621,992$1,006,387
68$1,270,729$712,230$589,620$1,029,339
69$1,345,459$692,245$554,488$1,053,564
70$1,426,083$669,552$516,451$1,079,221
71$1,513,147$643,963$475,355$1,106,486
72$1,607,252$615,282$431,044$1,135,560
73$1,709,059$583,297$383,350$1,166,666
74$1,819,292$547,788$332,102$1,200,055
75$1,938,751$508,520$277,118$1,236,009
76$2,068,311$465,246$218,210$1,274,843
77$2,208,939$417,703$155,180$1,316,908
78$2,361,696$365,615$87,823$1,362,599
79$2,527,747$308,690$15,924$1,412,355
80$2,708,379$246,617$0$1,466,667
81$2,905,004$179,071$0$1,536,464
82$3,119,175$105,707$0$1,615,550
83$3,352,605$26,160$0$1,701,927
84$3,607,176$0$0$1,796,396
85$3,884,960$0$0$1,924,914
86$4,188,239$0$0$2,077,252
87$4,519,522$0$0$2,243,742
88$4,881,576$0$0$2,425,784
89$5,277,442$0$0$2,624,920
90$5,710,472$0$0$2,842,846
91$6,184,355$0$0$3,081,432
92$6,703,154$0$0$3,342,735
93$7,271,341$0$0$3,629,021
94$7,893,845$0$0$3,942,786
95$8,576,090$0$0$4,286,779
96$9,324,052$0$0$4,664,026
97$10,144,312$0$0$5,077,863
98$11,044,119$0$0$5,531,961
99$12,031,455$0$0$6,030,367
100$13,115,117$0$0$6,577,535