Can I retire at age 60 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$62,843$62,283$61,737$61,204$60,683$58,577
2 years$31,110$30,531$29,969$29,425$28,897$26,796
3 years$20,534$19,952$19,392$18,853$18,333$16,305
4 years$15,247$14,667$14,112$13,582$13,075$11,135
5 years$12,076$11,499$10,952$10,433$9,940$8,091
6 years$9,962$9,390$8,851$8,343$7,865$6,111
7 years$8,453$7,886$7,355$6,859$6,396$4,736
8 years$7,322$6,759$6,238$5,754$5,306$3,738
9 years$6,442$5,885$5,372$4,901$4,469$2,991
10 years$5,739$5,188$4,684$4,225$3,808$2,418
11 years$5,164$4,618$4,124$3,677$3,275$1,970
12 years$4,686$4,145$3,660$3,225$2,838$1,615
13 years$4,281$3,746$3,270$2,847$2,475$1,331
14 years$3,934$3,405$2,938$2,528$2,169$1,101
15 years$3,634$3,110$2,652$2,254$1,910$914
16 years$3,372$2,854$2,405$2,018$1,688$761
17 years$3,140$2,628$2,188$1,813$1,497$634
18 years$2,935$2,429$1,998$1,634$1,331$530
19 years$2,751$2,251$1,829$1,477$1,186$444
20 years$2,586$2,092$1,678$1,337$1,060$372
21 years$2,437$1,948$1,544$1,214$948$312
22 years$2,302$1,819$1,423$1,104$850$262
23 years$2,179$1,701$1,314$1,005$763$220
24 years$2,066$1,594$1,215$917$686$185
25 years$1,962$1,496$1,125$837$617$155
26 years$1,866$1,406$1,044$765$556$131
27 years$1,778$1,323$969$701$501$110
28 years$1,696$1,246$901$642$452$93
29 years$1,620$1,176$838$589$408$78
30 years$1,549$1,111$781$540$369$66
31 years$1,483$1,050$728$496$334$55
32 years$1,421$993$679$456$302$47
33 years$1,363$941$634$419$273$39
34 years$1,308$892$593$386$247$33
35 years$1,257$846$554$355$224$28
36 years$1,209$803$518$327$203$24
37 years$1,163$762$485$301$184$20
38 years$1,120$724$454$278$167$17
39 years$1,079$689$426$256$151$14
40 years$1,040$655$399$236$137$12
41 years$1,004$624$374$218$124$10
42 years$969$594$351$201$113$8
43 years$936$566$329$186$102$7
44 years$904$540$309$171$93$6
45 years$874$515$290$158$84$5
46 years$845$491$273$146$77$4
47 years$818$468$256$135$70$4
48 years$792$447$241$125$63$3
49 years$767$427$226$115$57$3
50 years$743$408$213$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $761,000, adding $4,971 every year, while hoping to spend $25,110 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: 51/24/25 Blend
59$761,000$761,000$761,000$761,000
60$843,750$803,417$791,621$880,637
61$903,095$816,067$791,424$919,422
62$967,652$828,496$790,378$958,625
63$1,037,927$840,666$788,429$1,000,743
64$1,114,473$852,536$785,519$1,046,065
65$1,197,904$864,065$781,589$1,094,908
66$1,288,892$875,206$776,574$1,147,623
67$1,388,177$885,910$770,408$1,204,596
68$1,496,577$896,125$763,022$1,266,255
69$1,614,987$905,795$754,342$1,333,072
70$1,744,397$914,860$744,294$1,405,566
71$1,885,894$923,256$732,796$1,484,314
72$2,040,676$930,917$719,766$1,569,949
73$2,210,062$937,769$705,115$1,663,173
74$2,395,504$943,735$688,752$1,764,758
75$2,598,602$948,735$670,582$1,875,558
76$2,821,117$952,680$650,504$1,996,515
77$3,064,989$955,479$628,413$2,128,669
78$3,332,352$957,033$604,200$2,273,168
79$3,625,562$957,236$577,750$2,431,277
80$3,947,207$955,979$548,943$2,604,395
81$4,300,144$953,144$517,654$2,794,064
82$4,687,515$948,604$483,752$3,001,985
83$5,112,784$942,228$447,100$3,230,036
84$5,579,765$933,875$407,555$3,480,288
85$6,092,661$923,394$364,968$3,755,028
86$6,656,101$910,629$319,183$4,056,776
87$7,275,184$895,411$270,036$4,388,316
88$7,955,528$877,562$217,359$4,752,715
89$8,703,324$856,894$160,972$5,153,359
90$9,525,389$833,208$100,690$5,593,982
91$10,429,236$806,292$36,321$6,078,704
92$11,423,142$775,924$0$6,612,067
93$12,516,224$741,867$0$7,207,718
94$13,718,531$703,870$0$7,873,450
95$15,041,131$661,669$0$8,605,717
96$16,496,221$614,985$0$9,411,304
97$18,097,238$563,522$0$10,297,687
98$19,858,988$506,967$0$11,273,109
99$21,797,785$444,989$0$12,346,654
100$23,931,606$377,239$0$13,528,338