Can I retire at age 60 with 758,000?

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 $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%18.1%
1 years$62,595$62,037$61,493$60,962$60,444$58,462
2 years$30,988$30,410$29,851$29,309$28,783$26,805
3 years$20,453$19,874$19,316$18,778$18,261$16,350
4 years$15,187$14,609$14,057$13,529$13,024$11,193
5 years$12,028$11,454$10,909$10,391$9,901$8,156
6 years$9,923$9,353$8,816$8,310$7,834$6,176
7 years$8,420$7,855$7,326$6,832$6,371$4,800
8 years$7,293$6,733$6,213$5,731$5,285$3,800
9 years$6,417$5,862$5,351$4,882$4,451$3,050
10 years$5,717$5,167$4,665$4,208$3,793$2,473
11 years$5,144$4,600$4,107$3,662$3,262$2,022
12 years$4,667$4,129$3,645$3,212$2,827$1,663
13 years$4,264$3,731$3,257$2,836$2,465$1,375
14 years$3,919$3,392$2,926$2,518$2,161$1,142
15 years$3,620$3,098$2,642$2,245$1,902$951
16 years$3,358$2,843$2,395$2,010$1,681$794
17 years$3,128$2,618$2,180$1,806$1,491$665
18 years$2,923$2,419$1,990$1,628$1,326$558
19 years$2,741$2,242$1,821$1,471$1,181$468
20 years$2,576$2,083$1,672$1,332$1,055$394
21 years$2,428$1,941$1,538$1,209$944$332
22 years$2,293$1,811$1,417$1,099$847$279
23 years$2,170$1,694$1,308$1,001$760$236
24 years$2,058$1,587$1,210$913$683$199
25 years$1,954$1,490$1,121$834$615$168
26 years$1,859$1,400$1,040$762$554$142
27 years$1,771$1,318$965$698$499$120
28 years$1,689$1,242$897$639$450$101
29 years$1,614$1,171$835$586$407$86
30 years$1,543$1,106$778$538$367$72
31 years$1,477$1,046$725$494$332$61
32 years$1,415$989$677$454$301$52
33 years$1,357$937$632$418$272$44
34 years$1,303$888$590$384$246$37
35 years$1,252$842$552$354$223$31
36 years$1,204$799$516$326$202$27
37 years$1,158$759$483$300$183$23
38 years$1,115$722$452$277$166$19
39 years$1,075$686$424$255$151$16
40 years$1,036$653$397$235$137$14
41 years$1,000$621$373$217$124$12
42 years$965$592$349$200$112$10
43 years$932$564$328$185$102$8
44 years$901$538$308$171$93$7
45 years$871$513$289$158$84$6
46 years$842$489$271$146$76$5
47 years$815$467$255$135$69$4
48 years$789$445$240$124$63$4
49 years$764$425$225$115$57$3
50 years$740$406$212$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $758,000, adding $4,347 every year, while hoping to spend $51,172 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: 56/33/11 Blend
59$758,000$758,000$758,000$758,000
60$839,800$799,626$787,877$884,288
61$871,013$784,361$759,824$899,613
62$903,695$766,633$729,117$910,286
63$937,941$746,267$695,611$920,697
64$973,855$723,079$659,159$930,830
65$1,011,550$696,872$619,603$940,668
66$1,051,149$667,439$576,780$950,198
67$1,092,784$634,561$530,520$959,405
68$1,136,600$598,007$480,644$968,280
69$1,182,754$557,530$426,967$976,812
70$1,231,418$512,872$369,293$984,997
71$1,282,778$463,758$307,420$992,831
72$1,337,038$409,899$241,135$1,000,317
73$1,394,421$350,989$170,218$1,007,459
74$1,455,168$286,704$94,437$1,014,270
75$1,519,545$216,702$13,550$1,020,767
76$1,587,840$140,622$0$1,026,977
77$1,660,371$58,084$0$1,041,472
78$1,737,483$0$0$1,058,008
79$1,819,554$0$0$1,086,452
80$1,907,000$0$0$1,139,268
81$2,000,273$0$0$1,195,645
82$2,099,871$0$0$1,255,888
83$2,206,338$0$0$1,320,332
84$2,320,272$0$0$1,389,344
85$2,442,328$0$0$1,463,326
86$2,573,222$0$0$1,542,722
87$2,713,744$0$0$1,628,015
88$2,864,757$0$0$1,719,737
89$3,027,212$0$0$1,818,474
90$3,202,150$0$0$1,924,867
91$3,390,716$0$0$2,039,620
92$3,594,166$0$0$2,163,509
93$3,813,883$0$0$2,297,383
94$4,051,384$0$0$2,442,178
95$4,308,338$0$0$2,598,922
96$4,586,578$0$0$2,768,744
97$4,888,120$0$0$2,952,888
98$5,215,181$0$0$3,152,718
99$5,570,199$0$0$3,369,738
100$5,955,856$0$0$3,605,601