Can I retire at age 60 with 752,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$62,099$61,546$61,007$60,480$59,966$59,663
2 years$30,742$30,170$29,615$29,077$28,555$28,249
3 years$20,291$19,716$19,163$18,630$18,116$17,817
4 years$15,067$14,494$13,946$13,422$12,921$12,631
5 years$11,933$11,363$10,822$10,309$9,822$9,542
6 years$9,844$9,279$8,746$8,244$7,772$7,502
7 years$8,353$7,792$7,268$6,778$6,321$6,061
8 years$7,235$6,679$6,164$5,686$5,244$4,994
9 years$6,366$5,816$5,309$4,843$4,416$4,177
10 years$5,671$5,126$4,628$4,175$3,763$3,534
11 years$5,103$4,564$4,075$3,633$3,236$3,017
12 years$4,630$4,096$3,616$3,187$2,804$2,595
13 years$4,230$3,702$3,231$2,814$2,445$2,246
14 years$3,888$3,365$2,903$2,498$2,144$1,954
15 years$3,591$3,074$2,621$2,227$1,887$1,707
16 years$3,332$2,820$2,376$1,994$1,668$1,496
17 years$3,103$2,597$2,162$1,792$1,479$1,316
18 years$2,900$2,400$1,974$1,615$1,315$1,160
19 years$2,719$2,224$1,807$1,459$1,172$1,025
20 years$2,556$2,067$1,658$1,322$1,047$908
21 years$2,409$1,925$1,525$1,199$937$806
22 years$2,275$1,797$1,406$1,091$840$716
23 years$2,153$1,681$1,298$993$754$637
24 years$2,041$1,575$1,201$906$678$567
25 years$1,939$1,478$1,112$827$610$506
26 years$1,844$1,389$1,031$756$549$451
27 years$1,757$1,307$958$692$495$403
28 years$1,676$1,232$890$634$447$360
29 years$1,601$1,162$828$582$403$322
30 years$1,531$1,097$772$534$365$288
31 years$1,465$1,037$719$490$330$258
32 years$1,404$982$671$451$298$231
33 years$1,347$930$627$414$270$207
34 years$1,293$881$586$381$244$186
35 years$1,242$836$547$351$221$167
36 years$1,194$793$512$323$200$150
37 years$1,149$753$479$298$182$134
38 years$1,107$716$449$275$165$120
39 years$1,066$681$421$253$149$108
40 years$1,028$648$394$233$135$97
41 years$992$617$370$215$123$87
42 years$957$587$347$199$112$78
43 years$925$559$325$184$101$70
44 years$893$533$305$169$92$63
45 years$864$509$287$156$83$57
46 years$835$485$269$145$76$51
47 years$808$463$253$134$69$46
48 years$783$442$238$123$62$41
49 years$758$422$224$114$57$37
50 years$734$403$210$105$52$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $752,000, adding $5,314 every year, while hoping to spend $20,770 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: 74/14/12 Blend
59$752,000$752,000$752,000$752,000
60$834,185$794,329$782,673$893,510
61$897,173$811,152$786,794$950,239
62$965,890$828,104$790,356$1,009,268
63$1,040,897$845,167$793,320$1,073,370
64$1,122,815$862,327$795,642$1,143,044
65$1,212,324$879,563$797,278$1,218,837
66$1,310,175$896,855$798,181$1,301,352
67$1,417,194$914,182$798,301$1,391,254
68$1,534,290$931,520$797,587$1,489,274
69$1,662,465$948,842$795,984$1,596,218
70$1,802,822$966,121$793,435$1,712,975
71$1,956,575$983,326$789,880$1,840,523
72$2,125,062$1,000,425$785,257$1,979,940
73$2,309,755$1,017,383$779,500$2,132,415
74$2,512,277$1,034,161$772,540$2,299,255
75$2,734,415$1,050,720$764,305$2,481,904
76$2,978,135$1,067,016$754,720$2,681,951
77$3,245,607$1,083,002$743,705$2,901,146
78$3,539,218$1,098,627$731,178$3,141,420
79$3,861,597$1,113,839$717,051$3,404,898
80$4,215,643$1,128,580$701,235$3,693,923
81$4,604,546$1,142,788$683,634$4,011,078
82$5,031,823$1,156,398$664,150$4,359,208
83$5,501,347$1,169,340$642,677$4,741,448
84$6,017,386$1,181,539$619,107$5,161,255
85$6,584,639$1,192,915$593,328$5,622,435
86$7,208,287$1,203,382$565,219$6,129,185
87$7,894,036$1,212,851$534,658$6,686,131
88$8,648,172$1,221,226$501,513$7,298,367
89$9,477,622$1,228,402$465,650$7,971,512
90$10,390,016$1,234,270$426,926$8,711,754
91$11,393,764$1,238,716$385,194$9,525,915
92$12,498,129$1,241,614$340,299$10,421,513
93$13,713,318$1,242,833$292,079$11,406,831
94$15,050,579$1,242,234$240,366$12,491,001
95$16,522,303$1,239,668$184,983$13,684,085
96$18,142,144$1,234,979$125,747$14,997,171
97$19,925,149$1,227,999$62,465$16,442,480
98$21,887,893$1,218,550$0$18,033,480
99$24,048,645$1,206,446$0$19,785,663
100$26,427,531$1,191,486$0$21,723,315