Can I retire at age 60 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$62,512$61,956$61,412$60,882$60,364$58,596
2 years$30,947$30,370$29,812$29,270$28,745$26,978
3 years$20,426$19,847$19,290$18,754$18,237$16,527
4 years$15,167$14,590$14,038$13,511$13,007$11,366
5 years$12,012$11,439$10,894$10,378$9,888$8,321
6 years$9,910$9,341$8,804$8,299$7,824$6,332
7 years$8,409$7,844$7,316$6,823$6,363$4,947
8 years$7,283$6,724$6,205$5,724$5,278$3,937
9 years$6,408$5,854$5,344$4,875$4,445$3,177
10 years$5,709$5,160$4,659$4,203$3,788$2,591
11 years$5,137$4,594$4,102$3,658$3,257$2,130
12 years$4,661$4,123$3,640$3,208$2,823$1,763
13 years$4,258$3,726$3,252$2,832$2,462$1,467
14 years$3,913$3,387$2,922$2,514$2,158$1,225
15 years$3,615$3,094$2,638$2,242$1,900$1,027
16 years$3,354$2,839$2,392$2,008$1,679$863
17 years$3,124$2,614$2,177$1,804$1,489$728
18 years$2,919$2,416$1,987$1,626$1,324$614
19 years$2,737$2,239$1,819$1,469$1,180$520
20 years$2,573$2,081$1,669$1,330$1,054$440
21 years$2,425$1,938$1,536$1,207$943$373
22 years$2,290$1,809$1,415$1,098$845$317
23 years$2,167$1,692$1,307$1,000$759$269
24 years$2,055$1,585$1,209$912$682$228
25 years$1,952$1,488$1,119$833$614$194
26 years$1,857$1,398$1,038$761$553$165
27 years$1,769$1,316$964$697$498$141
28 years$1,687$1,240$896$639$450$120
29 years$1,611$1,170$834$586$406$102
30 years$1,541$1,105$777$537$367$87
31 years$1,475$1,044$724$494$332$74
32 years$1,413$988$676$454$300$63
33 years$1,356$936$631$417$272$54
34 years$1,301$887$589$384$246$46
35 years$1,250$841$551$353$223$39
36 years$1,202$798$516$325$202$33
37 years$1,157$758$483$300$183$28
38 years$1,114$721$452$276$166$24
39 years$1,073$685$423$255$150$21
40 years$1,035$652$397$235$136$18
41 years$998$621$372$217$124$15
42 years$964$591$349$200$112$13
43 years$931$563$328$185$102$11
44 years$899$537$307$171$92$9
45 years$870$512$289$158$84$8
46 years$841$488$271$146$76$7
47 years$814$466$255$134$69$6
48 years$788$445$239$124$63$5
49 years$763$425$225$115$57$4
50 years$739$406$212$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $757,000, adding $6,550 every year, while hoping to spend $57,912 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: 72/23/5 Blend
59$757,000$757,000$757,000$757,000
60$840,970$800,849$789,116$900,674
61$865,131$778,473$753,933$918,534
62$889,816$753,059$715,631$930,177
63$915,016$724,398$674,044$941,281
64$940,722$692,268$628,998$951,775
65$966,919$656,432$580,313$961,583
66$993,591$616,644$527,800$970,622
67$1,020,717$572,639$471,261$978,802
68$1,048,272$524,140$410,490$986,026
69$1,076,226$470,853$345,272$992,187
70$1,104,543$412,468$275,381$997,172
71$1,133,184$348,655$200,583$1,000,857
72$1,162,098$279,070$120,633$1,003,107
73$1,191,232$203,344$35,274$1,003,778
74$1,220,522$121,092$0$1,002,711
75$1,249,894$31,904$0$1,002,715
76$1,279,266$0$0$1,002,829
77$1,308,543$0$0$1,017,345
78$1,337,619$0$0$1,039,756
79$1,366,371$0$0$1,061,890
80$1,394,665$0$0$1,083,639
81$1,422,345$0$0$1,104,879
82$1,449,240$0$0$1,125,472
83$1,475,155$0$0$1,145,265
84$1,499,873$0$0$1,164,085
85$1,523,151$0$0$1,181,737
86$1,544,718$0$0$1,198,005
87$1,564,271$0$0$1,212,648
88$1,581,470$0$0$1,225,397
89$1,595,940$0$0$1,235,951
90$1,607,260$0$0$1,243,977
91$1,614,963$0$0$1,249,104
92$1,618,531$0$0$1,250,918
93$1,617,386$0$0$1,248,961
94$1,610,888$0$0$1,242,724
95$1,598,326$0$0$1,231,641
96$1,578,911$0$0$1,215,085
97$1,551,768$0$0$1,192,362
98$1,515,930$0$0$1,162,702
99$1,470,320$0$0$1,125,251
100$1,413,752$0$0$1,079,064