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%15.2%
1 years$63,090$62,528$61,980$61,445$60,922$59,619
2 years$31,233$30,651$30,087$29,541$29,011$27,704
3 years$20,615$20,031$19,469$18,927$18,406$17,136
4 years$15,307$14,725$14,168$13,636$13,127$11,905
5 years$12,123$11,544$10,995$10,474$9,979$8,808
6 years$10,001$9,427$8,886$8,376$7,896$6,776
7 years$8,486$7,917$7,384$6,886$6,422$5,354
8 years$7,351$6,786$6,262$5,777$5,327$4,312
9 years$6,468$5,908$5,394$4,920$4,486$3,522
10 years$5,762$5,208$4,702$4,242$3,823$2,908
11 years$5,185$4,636$4,140$3,691$3,288$2,422
12 years$4,704$4,161$3,674$3,238$2,849$2,031
13 years$4,298$3,761$3,282$2,859$2,484$1,712
14 years$3,950$3,418$2,949$2,537$2,178$1,450
15 years$3,648$3,123$2,663$2,263$1,917$1,233
16 years$3,385$2,865$2,414$2,026$1,695$1,051
17 years$3,153$2,639$2,197$1,821$1,503$899
18 years$2,946$2,438$2,005$1,641$1,336$770
19 years$2,762$2,260$1,836$1,483$1,191$661
20 years$2,597$2,100$1,685$1,343$1,064$568
21 years$2,447$1,956$1,550$1,219$952$489
22 years$2,311$1,826$1,428$1,108$853$422
23 years$2,187$1,708$1,319$1,009$766$364
24 years$2,074$1,600$1,220$920$688$314
25 years$1,970$1,501$1,130$840$619$271
26 years$1,874$1,411$1,048$769$558$235
27 years$1,785$1,328$973$703$503$203
28 years$1,703$1,251$904$644$454$176
29 years$1,626$1,181$842$591$410$152
30 years$1,555$1,115$784$542$370$132
31 years$1,489$1,054$731$498$335$114
32 years$1,427$997$682$458$303$99
33 years$1,368$944$637$421$274$86
34 years$1,313$895$595$387$248$74
35 years$1,262$849$556$357$225$64
36 years$1,213$806$520$328$204$56
37 years$1,168$765$487$303$185$49
38 years$1,124$727$456$279$167$42
39 years$1,083$692$427$257$152$37
40 years$1,045$658$400$237$138$32
41 years$1,008$626$376$219$125$27
42 years$973$597$352$202$113$24
43 years$939$568$331$186$103$21
44 years$908$542$310$172$93$18
45 years$878$517$291$159$85$16
46 years$849$493$274$147$77$14
47 years$821$470$257$136$70$12
48 years$795$449$242$125$63$10
49 years$770$429$227$116$58$9
50 years$746$410$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 $764,000, adding $6,449 every year, while hoping to spend $38,254 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: 41/30/29 Blend
59$764,000$764,000$764,000$764,000
60$848,580$808,088$796,246$875,917
61$894,433$806,983$782,218$895,219
62$943,681$804,541$766,439$912,057
63$996,630$800,656$748,808$929,562
64$1,053,616$795,218$729,222$947,817
65$1,115,007$788,106$707,573$966,922
66$1,181,208$779,194$683,748$986,983
67$1,252,665$768,348$657,627$1,008,126
68$1,329,866$755,426$629,086$1,030,489
69$1,413,349$740,278$597,997$1,054,228
70$1,503,703$722,745$564,223$1,079,521
71$1,601,579$702,657$527,623$1,106,564
72$1,707,690$679,837$488,048$1,135,581
73$1,822,821$654,096$445,344$1,166,818
74$1,947,835$625,233$399,349$1,200,557
75$2,083,682$593,037$349,895$1,237,108
76$2,231,405$557,284$296,804$1,276,820
77$2,392,155$517,737$239,894$1,320,083
78$2,567,196$474,147$178,971$1,367,332
79$2,757,919$426,249$113,835$1,419,053
80$2,965,854$373,763$44,277$1,475,786
81$3,192,688$316,394$0$1,538,134
82$3,440,275$253,830$0$1,616,038
83$3,710,657$185,741$0$1,716,200
84$4,006,081$111,780$0$1,825,811
85$4,329,021$31,577$0$1,945,871
86$4,682,203$0$0$2,077,490
87$5,068,625$0$0$2,240,133
88$5,491,591$0$0$2,429,663
89$5,954,738$0$0$2,637,298
90$6,462,070$0$0$2,864,846
91$7,017,998$0$0$3,114,298
92$7,627,379$0$0$3,387,847
93$8,295,565$0$0$3,687,908
94$9,028,447$0$0$4,017,142
95$9,832,514$0$0$4,378,480
96$10,714,916$0$0$4,775,150
97$11,683,527$0$0$5,210,707
98$12,747,021$0$0$5,689,068
99$13,914,952$0$0$6,214,548
100$15,197,845$0$0$6,791,901