Can I retire at age 60 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$62,595$62,037$61,493$60,962$60,444$59,127
2 years$30,988$30,410$29,851$29,309$28,783$27,463
3 years$20,453$19,874$19,316$18,778$18,261$16,979
4 years$15,187$14,609$14,057$13,529$13,024$11,790
5 years$12,028$11,454$10,909$10,391$9,901$8,718
6 years$9,923$9,353$8,816$8,310$7,834$6,704
7 years$8,420$7,855$7,326$6,832$6,371$5,293
8 years$7,293$6,733$6,213$5,731$5,285$4,260
9 years$6,417$5,862$5,351$4,882$4,451$3,478
10 years$5,717$5,167$4,665$4,208$3,793$2,870
11 years$5,144$4,600$4,107$3,662$3,262$2,388
12 years$4,667$4,129$3,645$3,212$2,827$2,001
13 years$4,264$3,731$3,257$2,836$2,465$1,686
14 years$3,919$3,392$2,926$2,518$2,161$1,427
15 years$3,620$3,098$2,642$2,245$1,902$1,212
16 years$3,358$2,843$2,395$2,010$1,681$1,033
17 years$3,128$2,618$2,180$1,806$1,491$883
18 years$2,923$2,419$1,990$1,628$1,326$756
19 years$2,741$2,242$1,821$1,471$1,181$648
20 years$2,576$2,083$1,672$1,332$1,055$557
21 years$2,428$1,941$1,538$1,209$944$479
22 years$2,293$1,811$1,417$1,099$847$413
23 years$2,170$1,694$1,308$1,001$760$356
24 years$2,058$1,587$1,210$913$683$307
25 years$1,954$1,490$1,121$834$615$265
26 years$1,859$1,400$1,040$762$554$229
27 years$1,771$1,318$965$698$499$198
28 years$1,689$1,242$897$639$450$171
29 years$1,614$1,171$835$586$407$148
30 years$1,543$1,106$778$538$367$128
31 years$1,477$1,046$725$494$332$111
32 years$1,415$989$677$454$301$96
33 years$1,357$937$632$418$272$83
34 years$1,303$888$590$384$246$72
35 years$1,252$842$552$354$223$62
36 years$1,204$799$516$326$202$54
37 years$1,158$759$483$300$183$47
38 years$1,115$722$452$277$166$41
39 years$1,075$686$424$255$151$35
40 years$1,036$653$397$235$137$31
41 years$1,000$621$373$217$124$26
42 years$965$592$349$200$112$23
43 years$932$564$328$185$102$20
44 years$901$538$308$171$93$17
45 years$871$513$289$158$84$15
46 years$842$489$271$146$76$13
47 years$815$467$255$135$69$11
48 years$789$445$240$124$63$10
49 years$764$425$225$115$57$8
50 years$740$406$212$106$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $758,000, adding $2,759 every year, while hoping to spend $51,007 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: 77/6/17 Blend
59$758,000$758,000$758,000$758,000
60$838,162$797,988$786,239$899,329
61$869,383$782,818$758,307$924,939
62$902,080$765,196$727,730$946,351
63$936,348$744,946$694,365$968,446
64$972,293$721,886$658,063$991,275
65$1,010,027$695,819$618,669$1,014,896
66$1,049,676$666,540$576,020$1,039,372
67$1,091,372$633,829$529,946$1,064,773
68$1,135,262$597,457$480,269$1,091,178
69$1,181,504$557,179$426,804$1,118,673
70$1,230,273$512,735$369,357$1,147,356
71$1,281,756$463,854$307,725$1,177,333
72$1,336,159$410,247$241,698$1,208,725
73$1,393,706$351,609$171,054$1,241,664
74$1,454,644$287,617$95,564$1,276,296
75$1,519,238$217,930$14,986$1,312,787
76$1,587,781$142,190$0$1,351,317
77$1,660,595$60,017$0$1,404,968
78$1,738,027$0$0$1,464,821
79$1,820,460$0$0$1,530,368
80$1,908,315$0$0$1,604,464
81$2,002,048$0$0$1,683,534
82$2,102,164$0$0$1,768,004
83$2,209,213$0$0$1,858,343
84$2,323,798$0$0$1,955,061
85$2,446,583$0$0$2,058,720
86$2,578,292$0$0$2,169,936
87$2,719,724$0$0$2,289,384
88$2,871,754$0$0$2,417,807
89$3,035,340$0$0$2,556,019
90$3,211,539$0$0$2,704,913
91$3,401,507$0$0$2,865,473
92$3,606,518$0$0$3,038,776
93$3,827,968$0$0$3,226,008
94$4,067,394$0$0$3,428,472
95$4,326,485$0$0$3,647,601
96$4,607,095$0$0$3,884,967
97$4,911,267$0$0$4,142,301
98$5,241,242$0$0$4,421,508
99$5,599,489$0$0$4,724,679
100$5,988,722$0$0$5,054,117