Can I retire at age 60 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$63,173$62,610$62,061$61,525$61,002$60,694
2 years$31,274$30,691$30,127$29,580$29,049$28,738
3 years$20,642$20,057$19,494$18,952$18,430$18,126
4 years$15,327$14,744$14,187$13,654$13,144$12,849
5 years$12,139$11,560$11,009$10,487$9,992$9,707
6 years$10,015$9,439$8,897$8,387$7,906$7,632
7 years$8,498$7,927$7,394$6,895$6,430$6,166
8 years$7,360$6,795$6,270$5,784$5,334$5,081
9 years$6,476$5,916$5,401$4,927$4,492$4,249
10 years$5,769$5,215$4,708$4,247$3,828$3,595
11 years$5,191$4,642$4,145$3,696$3,292$3,069
12 years$4,710$4,167$3,679$3,242$2,853$2,640
13 years$4,303$3,766$3,287$2,862$2,488$2,285
14 years$3,955$3,423$2,953$2,541$2,181$1,987
15 years$3,653$3,127$2,666$2,266$1,920$1,736
16 years$3,389$2,869$2,417$2,029$1,697$1,522
17 years$3,157$2,642$2,200$1,823$1,505$1,339
18 years$2,950$2,441$2,008$1,643$1,338$1,180
19 years$2,766$2,263$1,838$1,484$1,192$1,043
20 years$2,600$2,103$1,687$1,344$1,065$924
21 years$2,450$1,958$1,552$1,220$953$820
22 years$2,314$1,828$1,430$1,109$854$728
23 years$2,190$1,710$1,321$1,010$767$648
24 years$2,077$1,602$1,221$922$689$577
25 years$1,972$1,503$1,131$842$620$515
26 years$1,876$1,413$1,049$770$559$459
27 years$1,787$1,330$974$704$504$410
28 years$1,705$1,253$906$645$455$367
29 years$1,628$1,182$843$592$410$328
30 years$1,557$1,116$785$543$371$293
31 years$1,491$1,055$732$499$335$263
32 years$1,428$999$683$458$303$235
33 years$1,370$946$638$422$274$211
34 years$1,315$896$596$388$249$189
35 years$1,264$850$557$357$225$170
36 years$1,215$807$521$329$204$152
37 years$1,169$766$488$303$185$136
38 years$1,126$728$457$279$168$123
39 years$1,085$693$428$257$152$110
40 years$1,046$659$401$237$138$99
41 years$1,009$627$376$219$125$89
42 years$974$597$353$202$113$80
43 years$941$569$331$187$103$72
44 years$909$542$311$172$93$64
45 years$879$517$292$159$85$58
46 years$850$493$274$147$77$52
47 years$822$471$257$136$70$47
48 years$796$450$242$126$64$42
49 years$771$429$227$116$58$38
50 years$747$410$214$107$52$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $765,000, adding $6,524 every year, while hoping to spend $51,532 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: 66/26/8 Blend
59$765,000$765,000$765,000$765,000
60$849,760$809,215$797,357$904,121
61$881,605$794,036$769,239$925,912
62$914,972$776,387$738,452$942,964
63$949,961$756,092$704,851$960,246
64$986,681$732,965$668,288$977,775
65$1,025,251$706,808$628,604$995,569
66$1,065,800$677,415$585,635$1,013,654
67$1,108,468$644,565$539,211$1,032,056
68$1,153,408$608,025$489,150$1,050,809
69$1,200,785$567,548$435,267$1,069,950
70$1,250,782$522,874$377,365$1,089,525
71$1,303,595$473,729$315,240$1,109,586
72$1,359,440$419,819$248,679$1,130,191
73$1,418,552$360,839$177,458$1,151,411
74$1,481,187$296,464$101,346$1,173,323
75$1,547,627$226,349$20,100$1,196,019
76$1,618,177$150,132$0$1,219,602
77$1,693,172$67,430$0$1,249,874
78$1,772,981$0$0$1,283,486
79$1,858,004$0$0$1,325,235
80$1,948,681$0$0$1,390,363
81$2,045,493$0$0$1,459,928
82$2,148,969$0$0$1,534,312
83$2,259,686$0$0$1,613,936
84$2,378,280$0$0$1,699,259
85$2,505,446$0$0$1,790,788
86$2,641,947$0$0$1,889,077
87$2,788,620$0$0$1,994,733
88$2,946,387$0$0$2,108,425
89$3,116,255$0$0$2,230,885
90$3,299,333$0$0$2,362,919
91$3,496,840$0$0$2,505,413
92$3,710,114$0$0$2,659,337
93$3,940,624$0$0$2,825,760
94$4,189,987$0$0$3,005,856
95$4,459,979$0$0$3,200,915
96$4,752,552$0$0$3,412,358
97$5,069,853$0$0$3,641,743
98$5,414,244$0$0$3,890,787
99$5,788,322$0$0$4,161,378
100$6,194,944$0$0$4,455,592