Can I retire at age 60 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$62,925$62,365$61,818$61,284$60,763$59,463
2 years$31,151$30,571$30,009$29,464$28,935$27,632
3 years$20,561$19,978$19,418$18,878$18,357$17,092
4 years$15,267$14,686$14,131$13,600$13,093$11,874
5 years$12,092$11,514$10,966$10,446$9,953$8,784
6 years$9,975$9,402$8,862$8,354$7,875$6,759
7 years$8,464$7,896$7,365$6,868$6,405$5,340
8 years$7,331$6,768$6,246$5,762$5,313$4,300
9 years$6,451$5,893$5,380$4,908$4,475$3,512
10 years$5,747$5,194$4,690$4,230$3,813$2,900
11 years$5,171$4,624$4,129$3,682$3,279$2,415
12 years$4,692$4,151$3,664$3,229$2,841$2,025
13 years$4,286$3,751$3,274$2,851$2,478$1,708
14 years$3,939$3,409$2,942$2,531$2,172$1,446
15 years$3,639$3,115$2,656$2,257$1,912$1,229
16 years$3,376$2,858$2,408$2,021$1,690$1,048
17 years$3,144$2,632$2,191$1,816$1,499$896
18 years$2,939$2,432$2,000$1,636$1,333$768
19 years$2,755$2,254$1,831$1,479$1,188$659
20 years$2,590$2,094$1,680$1,339$1,061$567
21 years$2,441$1,951$1,546$1,215$949$488
22 years$2,305$1,821$1,425$1,105$851$421
23 years$2,181$1,703$1,315$1,006$764$363
24 years$2,068$1,596$1,217$918$687$313
25 years$1,965$1,497$1,127$838$618$271
26 years$1,869$1,407$1,045$766$557$234
27 years$1,780$1,325$970$702$502$203
28 years$1,698$1,248$902$643$453$175
29 years$1,622$1,177$839$589$409$152
30 years$1,551$1,112$782$541$369$131
31 years$1,485$1,051$729$497$334$114
32 years$1,423$995$680$457$302$99
33 years$1,365$942$635$420$273$86
34 years$1,310$893$593$386$248$74
35 years$1,259$847$555$356$224$64
36 years$1,210$804$519$328$203$56
37 years$1,165$763$486$302$184$48
38 years$1,121$725$455$278$167$42
39 years$1,080$690$426$256$151$36
40 years$1,042$656$399$237$137$32
41 years$1,005$625$375$218$125$27
42 years$970$595$351$201$113$24
43 years$937$567$330$186$103$21
44 years$905$540$309$172$93$18
45 years$875$515$291$159$85$16
46 years$847$492$273$146$77$13
47 years$819$469$256$135$70$12
48 years$793$448$241$125$63$10
49 years$768$428$226$116$57$9
50 years$744$409$213$107$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $762,000, adding $6,302 every year, while hoping to spend $34,373 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: 49/25/26 Blend
59$762,000$762,000$762,000$762,000
60$846,225$805,839$794,028$881,177
61$895,967$808,752$784,055$909,177
62$949,631$810,656$772,596$935,657
63$1,007,580$811,465$759,565$963,743
64$1,070,215$811,088$744,872$993,604
65$1,137,973$809,429$728,422$1,025,427
66$1,211,339$806,383$710,117$1,059,418
67$1,290,843$801,844$689,853$1,095,809
68$1,377,069$795,694$667,523$1,134,854
69$1,470,659$787,811$643,013$1,176,839
70$1,572,318$778,066$616,206$1,222,078
71$1,682,823$766,320$586,978$1,270,923
72$1,803,029$752,428$555,200$1,323,761
73$1,933,876$736,234$520,737$1,381,023
74$2,076,397$717,576$483,448$1,443,187
75$2,231,732$696,279$443,185$1,510,783
76$2,401,132$672,161$399,795$1,584,398
77$2,585,977$645,026$353,118$1,664,681
78$2,787,783$614,669$302,984$1,752,355
79$3,008,222$580,873$249,219$1,848,216
80$3,249,133$543,407$191,640$1,953,148
81$3,512,539$502,029$130,055$2,068,130
82$3,800,671$456,482$64,264$2,194,244
83$4,115,983$406,492$0$2,332,688
84$4,461,177$351,775$0$2,486,439
85$4,839,231$292,024$0$2,674,445
86$5,253,420$226,922$0$2,880,547
87$5,707,355$156,127$0$3,106,602
88$6,205,012$79,283$0$3,354,664
89$6,750,767$0$0$3,626,997
90$7,349,445$0$0$3,927,197
91$8,006,355$0$0$4,280,613
92$8,727,350$0$0$4,668,592
93$9,518,873$0$0$5,094,612
94$10,388,023$0$0$5,562,506
95$11,342,620$0$0$6,076,495
96$12,391,280$0$0$6,641,229
97$13,543,492$0$0$7,261,831
98$14,809,711$0$0$7,943,945
99$16,201,455$0$0$8,693,790
100$17,731,413$0$0$9,518,214