Can I retire at age 60 with 763,000?

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 $763,000?

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$63,008$62,447$61,899$61,365$60,843$58,848
2 years$31,192$30,611$30,048$29,502$28,973$26,982
3 years$20,588$20,005$19,443$18,902$18,381$16,457
4 years$15,287$14,706$14,150$13,618$13,110$11,267
5 years$12,107$11,529$10,981$10,460$9,966$8,209
6 years$9,988$9,415$8,874$8,365$7,886$6,217
7 years$8,475$7,906$7,374$6,877$6,413$4,832
8 years$7,341$6,777$6,254$5,769$5,320$3,825
9 years$6,459$5,901$5,387$4,914$4,480$3,070
10 years$5,754$5,201$4,696$4,236$3,818$2,490
11 years$5,178$4,630$4,134$3,687$3,283$2,035
12 years$4,698$4,156$3,669$3,234$2,845$1,674
13 years$4,292$3,756$3,278$2,855$2,481$1,384
14 years$3,944$3,414$2,945$2,534$2,175$1,149
15 years$3,643$3,119$2,659$2,260$1,915$957
16 years$3,380$2,861$2,411$2,024$1,692$800
17 years$3,148$2,635$2,194$1,818$1,501$669
18 years$2,943$2,435$2,003$1,639$1,334$561
19 years$2,759$2,257$1,834$1,481$1,189$471
20 years$2,593$2,097$1,683$1,341$1,062$397
21 years$2,444$1,953$1,548$1,217$951$334
22 years$2,308$1,823$1,426$1,107$852$281
23 years$2,184$1,705$1,317$1,008$765$237
24 years$2,071$1,598$1,218$919$688$200
25 years$1,967$1,499$1,128$839$619$169
26 years$1,871$1,409$1,046$767$557$143
27 years$1,783$1,326$972$703$502$121
28 years$1,701$1,250$903$644$453$102
29 years$1,624$1,179$841$590$409$86
30 years$1,553$1,113$783$542$370$73
31 years$1,487$1,053$730$497$334$62
32 years$1,425$996$681$457$302$52
33 years$1,366$943$636$420$274$44
34 years$1,312$894$594$387$248$37
35 years$1,260$848$555$356$224$32
36 years$1,212$805$520$328$203$27
37 years$1,166$764$486$302$184$23
38 years$1,123$726$455$279$167$19
39 years$1,082$691$427$257$152$16
40 years$1,043$657$400$237$137$14
41 years$1,006$626$375$219$125$12
42 years$971$596$352$202$113$10
43 years$938$568$330$186$103$8
44 years$907$541$310$172$93$7
45 years$876$516$291$159$85$6
46 years$848$492$273$147$77$5
47 years$820$470$257$135$70$4
48 years$794$448$241$125$63$4
49 years$769$428$227$116$58$3
50 years$745$409$213$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $763,000, adding $3,387 every year, while hoping to spend $36,642 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: 34/41/25 Blend
59$763,000$763,000$763,000$763,000
60$844,320$803,881$792,054$866,517
61$891,453$804,284$779,601$883,816
62$942,167$803,479$765,503$898,906
63$996,786$801,368$749,666$914,450
64$1,055,670$797,847$731,991$930,514
65$1,119,212$792,805$712,377$947,171
66$1,187,845$786,126$690,715$964,505
67$1,262,045$777,686$666,893$982,612
68$1,342,334$767,352$640,794$1,001,600
69$1,429,286$754,987$612,295$1,021,594
70$1,523,534$740,442$581,268$1,042,734
71$1,625,771$723,560$547,577$1,065,177
72$1,736,762$704,177$511,083$1,089,104
73$1,857,347$682,117$471,639$1,114,714
74$1,988,450$657,194$429,092$1,142,236
75$2,131,087$629,211$383,282$1,171,924
76$2,286,377$597,962$334,042$1,204,065
77$2,455,551$563,226$281,196$1,238,981
78$2,639,964$524,771$224,563$1,277,033
79$2,841,107$482,350$163,951$1,318,623
80$3,060,619$435,705$99,164$1,364,205
81$3,300,308$384,561$29,991$1,414,282
82$3,562,162$328,627$0$1,469,420
83$3,848,370$267,596$0$1,541,939
84$4,161,341$201,146$0$1,630,149
85$4,503,728$128,933$0$1,726,887
86$4,878,454$50,597$0$1,833,093
87$5,288,736$0$0$1,949,807
88$5,738,116$0$0$2,093,634
89$6,230,495$0$0$2,276,344
90$6,770,170$0$0$2,476,720
91$7,361,873$0$0$2,696,531
92$8,010,816$0$0$2,937,730
93$8,722,740$0$0$3,202,465
94$9,503,966$0$0$3,493,103
95$10,361,460$0$0$3,812,252
96$11,302,893$0$0$4,162,784
97$12,336,716$0$0$4,547,862
98$13,472,238$0$0$4,970,974
99$14,719,714$0$0$5,435,960
100$16,090,443$0$0$5,947,049