Can I retire at age 60 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$62,760$62,201$61,656$61,123$60,603$60,348
2 years$31,069$30,491$29,930$29,386$28,859$28,601
3 years$20,507$19,926$19,367$18,828$18,309$18,057
4 years$15,227$14,648$14,094$13,565$13,058$12,813
5 years$12,060$11,484$10,937$10,419$9,927$9,690
6 years$9,949$9,378$8,839$8,332$7,855$7,627
7 years$8,442$7,875$7,345$6,850$6,388$6,168
8 years$7,312$6,751$6,229$5,746$5,299$5,089
9 years$6,434$5,878$5,365$4,895$4,463$4,261
10 years$5,732$5,181$4,678$4,219$3,803$3,609
11 years$5,157$4,612$4,118$3,672$3,270$3,085
12 years$4,679$4,140$3,655$3,221$2,834$2,657
13 years$4,275$3,741$3,265$2,844$2,471$2,302
14 years$3,929$3,400$2,934$2,524$2,166$2,005
15 years$3,629$3,106$2,649$2,251$1,907$1,754
16 years$3,367$2,850$2,402$2,016$1,686$1,540
17 years$3,136$2,625$2,185$1,811$1,495$1,356
18 years$2,931$2,425$1,995$1,632$1,329$1,197
19 years$2,748$2,248$1,826$1,475$1,185$1,060
20 years$2,583$2,089$1,676$1,336$1,058$940
21 years$2,434$1,946$1,542$1,212$947$835
22 years$2,299$1,816$1,421$1,102$849$743
23 years$2,176$1,699$1,312$1,004$762$662
24 years$2,063$1,592$1,213$916$685$591
25 years$1,959$1,494$1,124$836$616$527
26 years$1,864$1,404$1,042$764$555$471
27 years$1,776$1,321$968$700$500$422
28 years$1,694$1,245$900$641$452$378
29 years$1,618$1,174$837$588$408$338
30 years$1,547$1,109$780$540$368$303
31 years$1,481$1,048$727$496$333$272
32 years$1,419$992$678$455$301$244
33 years$1,361$939$633$419$273$219
34 years$1,307$890$592$385$247$197
35 years$1,255$845$553$355$224$177
36 years$1,207$802$518$327$203$159
37 years$1,161$761$484$301$184$143
38 years$1,118$724$454$277$166$128
39 years$1,078$688$425$256$151$115
40 years$1,039$655$398$236$137$104
41 years$1,002$623$374$218$124$93
42 years$968$593$350$201$113$84
43 years$934$565$329$185$102$76
44 years$903$539$309$171$93$68
45 years$873$514$290$158$84$61
46 years$844$490$272$146$77$55
47 years$817$468$256$135$70$50
48 years$791$447$240$125$63$45
49 years$766$427$226$115$57$40
50 years$742$407$212$107$52$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $760,000, adding $2,473 every year, while hoping to spend $56,864 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: 78/12/10 Blend
59$760,000$760,000$760,000$760,000
60$840,071$799,791$788,011$903,983
61$865,255$778,478$753,906$925,022
62$891,103$754,215$716,754$940,514
63$917,621$726,796$676,390$955,860
64$944,815$696,007$632,647$971,019
65$972,693$661,617$585,347$985,949
66$1,001,256$623,385$534,304$1,000,604
67$1,030,507$581,054$479,326$1,014,934
68$1,060,445$534,353$420,211$1,028,884
69$1,091,070$482,995$356,747$1,042,394
70$1,122,376$426,679$288,715$1,055,400
71$1,154,356$365,083$215,884$1,067,832
72$1,186,999$297,871$138,015$1,079,612
73$1,220,290$224,684$54,856$1,090,659
74$1,254,212$145,146$0$1,100,883
75$1,288,742$58,859$0$1,113,801
76$1,323,852$0$0$1,132,173
77$1,359,509$0$0$1,154,623
78$1,395,672$0$0$1,185,268
79$1,432,295$0$0$1,216,294
80$1,469,322$0$0$1,247,653
81$1,506,691$0$0$1,279,292
82$1,544,328$0$0$1,311,145
83$1,582,148$0$0$1,343,140
84$1,620,055$0$0$1,375,194
85$1,657,939$0$0$1,407,212
86$1,695,676$0$0$1,439,085
87$1,733,123$0$0$1,470,692
88$1,770,122$0$0$1,501,895
89$1,806,491$0$0$1,532,539
90$1,842,028$0$0$1,562,447
91$1,876,506$0$0$1,591,424
92$1,909,667$0$0$1,619,250
93$1,941,226$0$0$1,645,677
94$1,970,863$0$0$1,670,429
95$1,998,219$0$0$1,693,199
96$2,022,895$0$0$1,713,641
97$2,044,445$0$0$1,731,371
98$2,062,371$0$0$1,745,963
99$2,076,123$0$0$1,756,940
100$2,085,084$0$0$1,763,773