Can I retire at age 60 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$62,430$61,874$61,331$60,802$60,285$59,091
2 years$30,906$30,330$29,772$29,232$28,707$27,510
3 years$20,399$19,821$19,265$18,729$18,213$17,049
4 years$15,147$14,571$14,020$13,493$12,990$11,868
5 years$11,996$11,424$10,880$10,364$9,874$8,799
6 years$9,897$9,328$8,793$8,288$7,813$6,785
7 years$8,398$7,834$7,307$6,814$6,354$5,373
8 years$7,274$6,715$6,197$5,716$5,272$4,337
9 years$6,400$5,847$5,337$4,869$4,439$3,550
10 years$5,701$5,154$4,653$4,197$3,783$2,939
11 years$5,130$4,588$4,096$3,653$3,253$2,454
12 years$4,655$4,118$3,636$3,204$2,819$2,063
13 years$4,253$3,721$3,248$2,829$2,458$1,744
14 years$3,908$3,383$2,918$2,511$2,155$1,481
15 years$3,610$3,090$2,635$2,239$1,897$1,262
16 years$3,349$2,835$2,389$2,005$1,677$1,080
17 years$3,120$2,611$2,174$1,802$1,487$926
18 years$2,916$2,413$1,984$1,624$1,322$796
19 years$2,733$2,236$1,817$1,467$1,178$685
20 years$2,569$2,078$1,667$1,329$1,053$591
21 years$2,421$1,935$1,534$1,206$942$510
22 years$2,287$1,807$1,413$1,096$844$441
23 years$2,164$1,690$1,305$998$758$382
24 years$2,052$1,583$1,207$911$681$331
25 years$1,949$1,486$1,118$832$613$287
26 years$1,854$1,396$1,037$760$552$249
27 years$1,766$1,314$963$696$498$216
28 years$1,685$1,238$895$638$449$187
29 years$1,609$1,168$833$585$406$163
30 years$1,539$1,103$776$537$366$141
31 years$1,473$1,043$723$493$331$123
32 years$1,412$987$675$453$300$107
33 years$1,354$935$630$417$271$93
34 years$1,300$886$589$383$246$81
35 years$1,249$840$550$353$222$70
36 years$1,201$797$515$325$202$61
37 years$1,155$757$482$299$183$53
38 years$1,113$720$451$276$166$46
39 years$1,072$684$423$254$150$40
40 years$1,034$651$396$235$136$35
41 years$997$620$372$217$124$31
42 years$962$590$349$200$112$27
43 years$930$562$327$184$102$23
44 years$898$536$307$170$92$20
45 years$868$511$288$157$84$18
46 years$840$488$271$145$76$15
47 years$813$465$254$134$69$13
48 years$787$444$239$124$63$12
49 years$762$424$225$115$57$10
50 years$738$405$211$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $756,000, adding $5,036 every year, while hoping to spend $31,539 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: 37/43/20 Blend
59$756,000$756,000$756,000$756,000
60$838,307$798,239$786,521$864,106
61$890,257$803,795$779,312$888,843
62$946,449$808,567$770,804$912,218
63$1,007,282$812,482$760,922$936,817
64$1,073,195$815,464$749,583$962,767
65$1,144,671$817,432$736,705$990,213
66$1,222,242$818,300$722,198$1,019,313
67$1,306,490$817,977$705,971$1,050,245
68$1,398,058$816,364$687,928$1,083,207
69$1,497,653$813,358$667,966$1,118,421
70$1,606,052$808,851$645,981$1,156,130
71$1,724,110$802,726$621,862$1,196,611
72$1,852,768$794,859$595,494$1,240,165
73$1,993,063$785,119$566,756$1,287,133
74$2,146,135$773,369$535,521$1,337,891
75$2,313,237$759,461$501,658$1,392,856
76$2,495,752$743,240$465,028$1,452,493
77$2,695,201$724,540$425,489$1,517,319
78$2,913,257$703,188$382,888$1,587,906
79$3,151,764$678,999$337,070$1,664,891
80$3,412,752$651,778$287,869$1,748,978
81$3,698,454$621,317$235,115$1,840,951
82$4,011,333$587,398$178,628$1,941,677
83$4,354,098$549,789$118,221$2,052,119
84$4,729,734$508,247$53,699$2,173,342
85$5,141,527$462,511$0$2,306,529
86$5,593,098$412,309$0$2,456,223
87$6,088,434$357,353$0$2,633,077
88$6,631,927$297,335$0$2,827,275
89$7,228,414$231,935$0$3,040,642
90$7,883,224$160,812$0$3,275,196
91$8,602,225$83,604$0$3,533,169
92$9,391,885$0$0$3,817,025
93$10,259,325$0$0$4,129,519
94$11,212,393$0$0$4,516,434
95$12,259,732$0$0$4,941,733
96$13,410,865$0$0$5,409,299
97$14,676,284$0$0$5,923,408
98$16,067,547$0$0$6,488,769
99$17,597,389$0$0$7,110,575
100$19,279,840$0$0$7,794,543