Can I retire at age 60 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$63,090$62,528$61,980$61,445$60,922$59,114
2 years$31,233$30,651$30,087$29,541$29,011$27,204
3 years$20,615$20,031$19,469$18,927$18,406$16,657
4 years$15,307$14,725$14,168$13,636$13,127$11,450
5 years$12,123$11,544$10,995$10,474$9,979$8,378
6 years$10,001$9,427$8,886$8,376$7,896$6,372
7 years$8,486$7,917$7,384$6,886$6,422$4,975
8 years$7,351$6,786$6,262$5,777$5,327$3,958
9 years$6,468$5,908$5,394$4,920$4,486$3,192
10 years$5,762$5,208$4,702$4,242$3,823$2,601
11 years$5,185$4,636$4,140$3,691$3,288$2,137
12 years$4,704$4,161$3,674$3,238$2,849$1,768
13 years$4,298$3,761$3,282$2,859$2,484$1,470
14 years$3,950$3,418$2,949$2,537$2,178$1,227
15 years$3,648$3,123$2,663$2,263$1,917$1,028
16 years$3,385$2,865$2,414$2,026$1,695$863
17 years$3,153$2,639$2,197$1,821$1,503$727
18 years$2,946$2,438$2,005$1,641$1,336$613
19 years$2,762$2,260$1,836$1,483$1,191$518
20 years$2,597$2,100$1,685$1,343$1,064$439
21 years$2,447$1,956$1,550$1,219$952$372
22 years$2,311$1,826$1,428$1,108$853$315
23 years$2,187$1,708$1,319$1,009$766$267
24 years$2,074$1,600$1,220$920$688$227
25 years$1,970$1,501$1,130$840$619$193
26 years$1,874$1,411$1,048$769$558$164
27 years$1,785$1,328$973$703$503$140
28 years$1,703$1,251$904$644$454$119
29 years$1,626$1,181$842$591$410$101
30 years$1,555$1,115$784$542$370$86
31 years$1,489$1,054$731$498$335$73
32 years$1,427$997$682$458$303$62
33 years$1,368$944$637$421$274$53
34 years$1,313$895$595$387$248$45
35 years$1,262$849$556$357$225$39
36 years$1,213$806$520$328$204$33
37 years$1,168$765$487$303$185$28
38 years$1,124$727$456$279$167$24
39 years$1,083$692$427$257$152$20
40 years$1,045$658$400$237$138$17
41 years$1,008$626$376$219$125$15
42 years$973$597$352$202$113$13
43 years$939$568$331$186$103$11
44 years$908$542$310$172$93$9
45 years$878$517$291$159$85$8
46 years$849$493$274$147$77$7
47 years$821$470$257$136$70$6
48 years$795$449$242$125$63$5
49 years$770$429$227$116$58$4
50 years$746$410$213$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $764,000, adding $3,592 every year, while hoping to spend $37,391 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: 31/40/29 Blend
59$764,000$764,000$764,000$764,000
60$845,633$805,141$793,299$864,260
61$892,104$804,809$780,091$878,688
62$942,062$803,208$765,187$890,692
63$995,822$800,236$748,491$902,885
64$1,053,733$795,784$729,903$915,311
65$1,116,176$789,739$709,316$928,020
66$1,183,569$781,980$686,621$941,071
67$1,256,372$772,376$661,703$954,533
68$1,335,092$760,793$634,440$968,486
69$1,420,285$747,084$604,706$983,021
70$1,512,561$731,098$572,371$998,243
71$1,612,592$712,672$537,296$1,014,272
72$1,721,118$691,635$499,336$1,031,247
73$1,838,950$667,804$458,343$1,049,322
74$1,966,984$640,986$414,158$1,068,676
75$2,106,201$610,980$366,617$1,089,510
76$2,257,684$577,568$315,549$1,112,052
77$2,422,623$540,524$260,775$1,136,560
78$2,602,327$499,606$202,107$1,163,323
79$2,798,237$454,560$139,351$1,192,669
80$3,011,940$405,116$72,303$1,224,966
81$3,245,183$350,991$749$1,260,627
82$3,499,885$291,884$0$1,300,117
83$3,778,164$227,476$0$1,367,351
84$4,082,347$157,434$0$1,441,284
85$4,415,000$81,401$0$1,522,411
86$4,778,945$0$0$1,611,539
87$5,177,292$0$0$1,710,001
88$5,613,463$0$0$1,857,158
89$6,091,229$0$0$2,018,466
90$6,614,740$0$0$2,195,342
91$7,188,568$0$0$2,389,345
92$7,817,750$0$0$2,602,194
93$8,507,831$0$0$2,835,781
94$9,264,918$0$0$3,092,192
95$10,095,742$0$0$3,373,722
96$11,007,712$0$0$3,682,900
97$12,008,993$0$0$4,022,515
98$13,108,576$0$0$4,395,635
99$14,316,370$0$0$4,805,642
100$15,643,286$0$0$5,256,262