Can I retire at age 60 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$62,265$61,710$61,169$60,641$60,125$58,341
2 years$30,824$30,250$29,694$29,154$28,631$26,848
3 years$20,345$19,769$19,214$18,679$18,165$16,439
4 years$15,107$14,532$13,983$13,457$12,955$11,300
5 years$11,965$11,393$10,851$10,337$9,848$8,268
6 years$9,871$9,304$8,769$8,266$7,793$6,289
7 years$8,375$7,813$7,287$6,796$6,338$4,910
8 years$7,254$6,697$6,180$5,701$5,258$3,906
9 years$6,383$5,831$5,323$4,856$4,428$3,150
10 years$5,686$5,140$4,641$4,186$3,773$2,567
11 years$5,117$4,576$4,086$3,643$3,245$2,109
12 years$4,642$4,107$3,626$3,195$2,812$1,745
13 years$4,241$3,711$3,240$2,821$2,452$1,450
14 years$3,898$3,374$2,911$2,504$2,149$1,211
15 years$3,600$3,082$2,628$2,233$1,892$1,014
16 years$3,341$2,828$2,383$2,000$1,672$852
17 years$3,111$2,604$2,168$1,797$1,483$717
18 years$2,908$2,406$1,979$1,619$1,319$605
19 years$2,726$2,230$1,812$1,463$1,175$511
20 years$2,563$2,072$1,663$1,325$1,050$433
21 years$2,415$1,930$1,530$1,203$939$367
22 years$2,281$1,802$1,410$1,093$842$311
23 years$2,159$1,685$1,302$996$756$264
24 years$2,047$1,579$1,204$908$679$224
25 years$1,944$1,482$1,115$829$611$190
26 years$1,849$1,393$1,034$758$551$162
27 years$1,762$1,311$960$694$496$138
28 years$1,681$1,235$893$636$448$117
29 years$1,605$1,165$831$583$405$100
30 years$1,535$1,100$774$535$366$85
31 years$1,469$1,040$721$492$330$72
32 years$1,408$984$673$452$299$62
33 years$1,350$932$628$415$271$52
34 years$1,296$883$587$382$245$45
35 years$1,245$838$549$352$222$38
36 years$1,198$795$514$324$201$32
37 years$1,152$755$481$299$182$28
38 years$1,110$718$450$275$165$24
39 years$1,069$683$422$254$150$20
40 years$1,031$649$395$234$136$17
41 years$994$618$371$216$123$15
42 years$960$589$348$199$112$12
43 years$927$561$326$184$101$11
44 years$896$535$306$170$92$9
45 years$866$510$288$157$84$8
46 years$838$486$270$145$76$7
47 years$811$464$254$134$69$6
48 years$785$443$238$124$63$5
49 years$760$423$224$114$57$4
50 years$736$404$211$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $754,000, adding $3,785 every year, while hoping to spend $29,899 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: 44/28/28 Blend
59$754,000$754,000$754,000$754,000
60$834,812$794,850$783,163$864,614
61$888,151$801,986$777,587$893,386
62$945,928$808,468$770,822$921,416
63$1,008,564$814,235$762,796$951,229
64$1,076,524$819,219$753,436$983,008
65$1,150,315$823,346$742,662$1,016,958
66$1,230,499$826,542$730,392$1,053,302
67$1,317,691$828,724$716,542$1,092,292
68$1,412,570$829,805$701,020$1,134,205
69$1,515,881$829,695$683,734$1,179,349
70$1,628,446$828,295$664,584$1,228,064
71$1,751,167$825,502$643,467$1,280,728
72$1,885,040$821,205$620,277$1,337,760
73$2,031,158$815,288$594,901$1,399,625
74$2,190,727$807,628$567,220$1,466,835
75$2,365,072$798,092$537,113$1,539,960
76$2,555,653$786,542$504,450$1,619,629
77$2,764,077$772,831$469,097$1,706,541
78$2,992,115$756,802$430,914$1,801,466
79$3,241,715$738,289$389,753$1,905,260
80$3,515,023$717,119$345,463$2,018,865
81$3,814,402$693,104$297,883$2,143,329
82$4,142,455$666,049$246,845$2,279,805
83$4,502,046$635,747$192,176$2,429,574
84$4,896,334$601,977$133,692$2,594,048
85$5,328,793$564,508$71,205$2,774,790
86$5,803,254$523,093$4,514$2,973,527
87$6,323,935$477,473$0$3,192,168
88$6,895,480$427,373$0$3,452,736
89$7,523,008$372,503$0$3,740,383
90$8,212,155$312,556$0$4,056,400
91$8,969,132$247,209$0$4,403,704
92$9,800,780$176,119$0$4,785,511
93$10,714,636$98,924$0$5,205,367
94$11,719,001$15,244$0$5,667,186
95$12,823,022$0$0$6,175,285
96$14,036,778$0$0$6,757,632
97$15,371,369$0$0$7,403,220
98$16,839,028$0$0$8,113,282
99$18,453,231$0$0$8,894,351
100$20,228,827$0$0$9,753,624