Can I retire at age 60 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$62,678$62,119$61,575$61,043$60,524$59,669
2 years$31,028$30,451$29,891$29,348$28,821$27,961
3 years$20,480$19,900$19,341$18,803$18,285$17,447
4 years$15,207$14,628$14,075$13,547$13,041$12,232
5 years$12,044$11,469$10,923$10,405$9,914$9,135
6 years$9,936$9,365$8,827$8,321$7,844$7,097
7 years$8,431$7,865$7,336$6,841$6,380$5,665
8 years$7,303$6,742$6,221$5,739$5,292$4,609
9 years$6,425$5,870$5,358$4,888$4,457$3,805
10 years$5,724$5,174$4,672$4,214$3,798$3,177
11 years$5,151$4,606$4,113$3,667$3,266$2,676
12 years$4,673$4,134$3,650$3,217$2,830$2,270
13 years$4,269$3,736$3,261$2,840$2,468$1,937
14 years$3,924$3,396$2,930$2,521$2,163$1,660
15 years$3,624$3,102$2,645$2,248$1,905$1,429
16 years$3,363$2,846$2,398$2,013$1,684$1,234
17 years$3,132$2,621$2,182$1,809$1,493$1,069
18 years$2,927$2,422$1,992$1,630$1,327$928
19 years$2,744$2,245$1,824$1,473$1,183$807
20 years$2,580$2,086$1,674$1,334$1,057$703
21 years$2,431$1,943$1,540$1,211$946$614
22 years$2,296$1,814$1,419$1,101$848$536
23 years$2,173$1,696$1,310$1,002$761$469
24 years$2,060$1,589$1,212$914$684$411
25 years$1,957$1,492$1,122$835$615$360
26 years$1,861$1,402$1,041$763$554$316
27 years$1,773$1,319$967$699$500$277
28 years$1,692$1,243$899$640$451$244
29 years$1,616$1,173$836$587$407$214
30 years$1,545$1,108$779$539$368$188
31 years$1,479$1,047$726$495$333$165
32 years$1,417$991$677$455$301$146
33 years$1,359$938$633$418$272$128
34 years$1,305$889$591$385$247$113
35 years$1,254$843$553$354$223$99
36 years$1,205$801$517$326$202$87
37 years$1,160$760$484$301$183$77
38 years$1,117$723$453$277$166$68
39 years$1,076$687$424$255$151$60
40 years$1,038$654$398$236$137$53
41 years$1,001$622$373$217$124$46
42 years$966$593$350$201$113$41
43 years$933$565$328$185$102$36
44 years$902$538$308$171$93$32
45 years$872$513$289$158$84$28
46 years$843$490$272$146$76$25
47 years$816$467$255$135$69$22
48 years$790$446$240$125$63$19
49 years$765$426$226$115$57$17
50 years$741$407$212$106$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $759,000, adding $3,798 every year, while hoping to spend $44,184 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: 36/39/25 Blend
59$759,000$759,000$759,000$759,000
60$840,336$800,109$788,344$864,147
61$879,038$792,303$767,742$874,255
62$920,208$782,633$744,969$880,843
63$964,049$770,962$719,906$887,083
64$1,010,787$757,144$692,427$892,973
65$1,060,667$741,023$662,403$898,513
66$1,113,958$722,436$629,696$903,708
67$1,170,955$701,209$594,165$908,566
68$1,231,982$677,159$555,659$913,103
69$1,297,394$650,089$514,024$917,340
70$1,367,581$619,796$469,096$921,304
71$1,442,968$586,060$420,705$925,033
72$1,524,026$548,652$368,673$928,572
73$1,611,269$507,328$312,816$931,979
74$1,705,262$461,831$252,939$935,322
75$1,806,626$411,888$188,840$938,683
76$1,916,043$357,212$120,308$942,162
77$2,034,263$297,499$47,121$945,875
78$2,162,109$232,427$0$949,957
79$2,300,486$161,658$0$962,832
80$2,450,390$84,833$0$990,370
81$2,612,914$1,575$0$1,020,266
82$2,789,262$0$0$1,052,835
83$2,980,757$0$0$1,126,415
84$3,188,855$0$0$1,207,205
85$3,415,158$0$0$1,295,160
86$3,661,425$0$0$1,390,979
87$3,929,596$0$0$1,495,428
88$4,221,805$0$0$1,609,352
89$4,540,397$0$0$1,733,680
90$4,887,956$0$0$1,869,434
91$5,267,326$0$0$2,017,742
92$5,681,638$0$0$2,179,842
93$6,134,336$0$0$2,357,100
94$6,629,214$0$0$2,551,018
95$7,170,448$0$0$2,763,251
96$7,762,638$0$0$2,995,620
97$8,410,847$0$0$3,250,132
98$9,120,650$0$0$3,528,996
99$9,898,187$0$0$3,834,647
100$10,750,221$0$0$4,169,762