Can I retire at age 60 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$62,347$61,792$61,250$60,721$60,205$58,583
2 years$30,865$30,290$29,733$29,193$28,669$27,047
3 years$20,372$19,795$19,239$18,704$18,189$16,617
4 years$15,127$14,551$14,001$13,475$12,972$11,463
5 years$11,981$11,408$10,866$10,350$9,861$8,418
6 years$9,884$9,316$8,781$8,277$7,803$6,428
7 years$8,386$7,823$7,297$6,805$6,346$5,038
8 years$7,264$6,706$6,188$5,709$5,265$4,024
9 years$6,392$5,839$5,330$4,863$4,434$3,259
10 years$5,694$5,147$4,647$4,192$3,778$2,668
11 years$5,124$4,582$4,091$3,648$3,249$2,202
12 years$4,649$4,112$3,631$3,200$2,815$1,830
13 years$4,247$3,716$3,244$2,825$2,455$1,528
14 years$3,903$3,378$2,915$2,508$2,152$1,282
15 years$3,605$3,086$2,631$2,236$1,895$1,079
16 years$3,345$2,831$2,386$2,002$1,675$911
17 years$3,115$2,608$2,171$1,799$1,485$771
18 years$2,912$2,409$1,982$1,621$1,320$654
19 years$2,730$2,233$1,814$1,465$1,177$556
20 years$2,566$2,075$1,665$1,327$1,051$473
21 years$2,418$1,933$1,532$1,204$941$403
22 years$2,284$1,804$1,412$1,095$843$343
23 years$2,161$1,687$1,303$997$757$293
24 years$2,049$1,581$1,205$909$680$250
25 years$1,947$1,484$1,116$831$612$214
26 years$1,852$1,394$1,035$759$551$183
27 years$1,764$1,312$961$695$497$156
28 years$1,683$1,237$894$637$449$134
29 years$1,607$1,167$832$584$405$114
30 years$1,537$1,102$775$536$366$98
31 years$1,471$1,042$722$492$331$84
32 years$1,410$985$674$452$299$72
33 years$1,352$933$629$416$271$62
34 years$1,298$885$588$383$245$53
35 years$1,247$839$550$352$222$45
36 years$1,199$796$514$325$201$39
37 years$1,154$756$481$299$182$33
38 years$1,111$719$451$276$165$28
39 years$1,071$683$422$254$150$24
40 years$1,032$650$396$234$136$21
41 years$996$619$371$216$123$18
42 years$961$590$348$200$112$15
43 years$928$562$327$184$102$13
44 years$897$535$307$170$92$11
45 years$867$511$288$157$84$10
46 years$839$487$270$145$76$8
47 years$812$465$254$134$69$7
48 years$786$444$239$124$63$6
49 years$761$424$224$114$57$5
50 years$737$405$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $755,000, adding $3,462 every year, while hoping to spend $45,129 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: 57/20/23 Blend
59$755,000$755,000$755,000$755,000
60$835,581$795,566$783,864$877,830
61$872,793$786,532$762,106$898,040
62$912,289$775,543$738,107$914,952
63$954,253$762,454$711,744$932,417
64$998,888$747,116$682,889$950,499
65$1,046,415$729,366$651,406$969,271
66$1,097,078$709,033$617,157$988,817
67$1,151,143$685,938$579,995$1,009,231
68$1,208,900$659,890$539,765$1,030,621
69$1,270,669$630,686$496,308$1,053,106
70$1,336,800$598,112$449,458$1,076,822
71$1,407,677$561,943$399,038$1,101,920
72$1,483,721$521,939$344,866$1,128,573
73$1,565,394$477,848$286,753$1,156,971
74$1,653,203$429,401$224,498$1,187,331
75$1,747,705$376,317$157,894$1,219,894
76$1,849,511$318,297$86,724$1,254,929
77$1,959,293$255,025$10,761$1,292,738
78$2,077,788$186,169$0$1,333,660
79$2,205,808$111,376$0$1,395,323
80$2,344,241$30,275$0$1,464,836
81$2,494,069$0$0$1,540,086
82$2,656,366$0$0$1,634,323
83$2,832,317$0$0$1,743,766
84$3,023,223$0$0$1,862,568
85$3,230,513$0$0$1,991,628
86$3,455,764$0$0$2,131,933
87$3,700,706$0$0$2,284,569
88$3,967,244$0$0$2,450,733
89$4,257,475$0$0$2,631,739
90$4,573,705$0$0$2,829,035
91$4,918,472$0$0$3,044,215
92$5,294,571$0$0$3,279,031
93$5,705,075$0$0$3,535,415
94$6,153,371$0$0$3,815,489
95$6,643,183$0$0$4,121,595
96$7,178,615$0$0$4,456,307
97$7,764,182$0$0$4,822,459
98$8,404,857$0$0$5,223,176
99$9,106,117$0$0$5,661,893
100$9,873,990$0$0$6,142,397