Can I retire at age 60 with 754,000?

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 $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%13.7%
1 years$62,265$61,710$61,169$60,641$60,125$59,202
2 years$30,824$30,250$29,694$29,154$28,631$27,703
3 years$20,345$19,769$19,214$18,679$18,165$17,261
4 years$15,107$14,532$13,983$13,457$12,955$12,083
5 years$11,965$11,393$10,851$10,337$9,848$9,010
6 years$9,871$9,304$8,769$8,266$7,793$6,989
7 years$8,375$7,813$7,287$6,796$6,338$5,568
8 years$7,254$6,697$6,180$5,701$5,258$4,523
9 years$6,383$5,831$5,323$4,856$4,428$3,728
10 years$5,686$5,140$4,641$4,186$3,773$3,107
11 years$5,117$4,576$4,086$3,643$3,245$2,612
12 years$4,642$4,107$3,626$3,195$2,812$2,211
13 years$4,241$3,711$3,240$2,821$2,452$1,883
14 years$3,898$3,374$2,911$2,504$2,149$1,611
15 years$3,600$3,082$2,628$2,233$1,892$1,384
16 years$3,341$2,828$2,383$2,000$1,672$1,193
17 years$3,111$2,604$2,168$1,797$1,483$1,031
18 years$2,908$2,406$1,979$1,619$1,319$893
19 years$2,726$2,230$1,812$1,463$1,175$775
20 years$2,563$2,072$1,663$1,325$1,050$674
21 years$2,415$1,930$1,530$1,203$939$587
22 years$2,281$1,802$1,410$1,093$842$512
23 years$2,159$1,685$1,302$996$756$447
24 years$2,047$1,579$1,204$908$679$390
25 years$1,944$1,482$1,115$829$611$341
26 years$1,849$1,393$1,034$758$551$299
27 years$1,762$1,311$960$694$496$261
28 years$1,681$1,235$893$636$448$229
29 years$1,605$1,165$831$583$405$201
30 years$1,535$1,100$774$535$366$176
31 years$1,469$1,040$721$492$330$154
32 years$1,408$984$673$452$299$135
33 years$1,350$932$628$415$271$119
34 years$1,296$883$587$382$245$104
35 years$1,245$838$549$352$222$92
36 years$1,198$795$514$324$201$81
37 years$1,152$755$481$299$182$71
38 years$1,110$718$450$275$165$62
39 years$1,069$683$422$254$150$55
40 years$1,031$649$395$234$136$48
41 years$994$618$371$216$123$42
42 years$960$589$348$199$112$37
43 years$927$561$326$184$101$33
44 years$896$535$306$170$92$29
45 years$866$510$288$157$84$25
46 years$838$486$270$145$76$22
47 years$811$464$254$134$69$19
48 years$785$443$238$124$63$17
49 years$760$423$224$114$57$15
50 years$736$404$211$106$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $754,000, adding $3,593 every year, while hoping to spend $45,330 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: 38/44/18 Blend
59$754,000$754,000$754,000$754,000
60$834,614$794,652$782,965$861,692
61$871,514$785,359$760,964$872,208
62$910,658$774,092$736,706$878,988
63$952,228$760,705$710,068$885,365
64$996,422$745,046$680,922$891,329
65$1,043,456$726,952$649,132$896,871
66$1,093,568$706,252$614,557$901,983
67$1,147,016$682,763$577,049$906,664
68$1,204,087$656,294$536,455$910,915
69$1,265,091$626,639$492,614$914,743
70$1,330,371$593,585$445,357$918,161
71$1,400,300$556,902$394,508$921,187
72$1,475,291$516,350$339,884$923,849
73$1,555,793$471,675$281,293$926,182
74$1,642,303$422,605$218,535$928,232
75$1,735,363$368,858$151,401$930,056
76$1,835,570$310,132$79,673$931,725
77$1,943,578$246,109$3,122$933,324
78$2,060,109$176,453$0$934,956
79$2,185,951$100,811$0$951,831
80$2,321,974$18,806$0$970,625
81$2,469,132$0$0$990,952
82$2,628,476$0$0$1,046,931
83$2,801,159$0$0$1,117,550
84$2,988,450$0$0$1,194,233
85$3,191,744$0$0$1,277,562
86$3,412,575$0$0$1,368,179
87$3,652,633$0$0$1,466,788
88$3,913,774$0$0$1,574,166
89$4,198,041$0$0$1,691,165
90$4,507,683$0$0$1,818,726
91$4,845,174$0$0$1,957,883
92$5,213,236$0$0$2,109,774
93$5,614,868$0$0$2,275,652
94$6,053,367$0$0$2,456,895
95$6,532,365$0$0$2,655,023
96$7,055,860$0$0$2,871,707
97$7,628,253$0$0$3,108,788
98$8,254,390$0$0$3,368,292
99$8,939,607$0$0$3,652,451
100$9,689,778$0$0$3,963,724