Can I retire at age 60 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$63,256$62,692$62,142$61,606$61,082$59,293
2 years$31,315$30,731$30,166$29,618$29,087$27,299
3 years$20,669$20,083$19,520$18,977$18,454$16,723
4 years$15,347$14,763$14,205$13,672$13,161$11,501
5 years$12,155$11,575$11,024$10,501$10,005$8,420
6 years$10,028$9,452$8,909$8,398$7,917$6,408
7 years$8,509$7,937$7,403$6,904$6,438$5,006
8 years$7,370$6,804$6,279$5,792$5,341$3,984
9 years$6,485$5,924$5,408$4,933$4,498$3,215
10 years$5,777$5,222$4,715$4,253$3,833$2,622
11 years$5,198$4,649$4,151$3,701$3,296$2,156
12 years$4,716$4,172$3,684$3,246$2,856$1,784
13 years$4,309$3,771$3,291$2,866$2,491$1,484
14 years$3,960$3,427$2,957$2,544$2,183$1,240
15 years$3,658$3,131$2,670$2,269$1,922$1,039
16 years$3,394$2,873$2,421$2,032$1,699$874
17 years$3,161$2,646$2,203$1,825$1,507$736
18 years$2,954$2,445$2,011$1,645$1,340$622
19 years$2,769$2,266$1,841$1,486$1,194$526
20 years$2,603$2,105$1,689$1,346$1,066$445
21 years$2,453$1,961$1,554$1,222$954$377
22 years$2,317$1,831$1,432$1,111$855$320
23 years$2,193$1,712$1,322$1,012$768$272
24 years$2,079$1,604$1,223$923$690$231
25 years$1,975$1,505$1,133$843$621$197
26 years$1,879$1,415$1,050$771$559$167
27 years$1,790$1,331$975$705$504$142
28 years$1,707$1,255$907$646$455$121
29 years$1,631$1,184$844$593$411$103
30 years$1,559$1,118$786$544$371$88
31 years$1,493$1,057$733$499$336$75
32 years$1,430$1,000$684$459$304$64
33 years$1,372$947$638$422$275$54
34 years$1,317$897$596$388$249$46
35 years$1,265$851$558$358$225$40
36 years$1,217$808$522$329$204$34
37 years$1,171$767$488$303$185$29
38 years$1,127$729$457$280$168$25
39 years$1,086$693$428$258$152$21
40 years$1,047$660$402$238$138$18
41 years$1,010$628$377$219$125$15
42 years$975$598$353$202$114$13
43 years$942$570$331$187$103$11
44 years$910$543$311$173$94$9
45 years$880$518$292$159$85$8
46 years$851$494$274$147$77$7
47 years$823$472$258$136$70$6
48 years$797$450$242$126$64$5
49 years$772$430$228$116$58$4
50 years$748$411$214$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $766,000, adding $4,699 every year, while hoping to spend $30,692 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: 47/45/8 Blend
59$766,000$766,000$766,000$766,000
60$848,979$808,381$796,508$886,820
61$902,919$815,336$790,535$920,272
62$961,332$821,602$783,333$952,963
63$1,024,642$827,115$774,829$987,731
64$1,093,315$831,803$764,946$1,024,775
65$1,167,864$835,593$753,602$1,064,319
66$1,248,852$838,403$740,714$1,106,612
67$1,336,900$840,150$726,193$1,151,927
68$1,432,690$840,743$709,946$1,200,567
69$1,536,972$840,087$691,877$1,252,868
70$1,650,573$838,081$671,885$1,309,203
71$1,774,401$834,617$649,863$1,369,981
72$1,909,457$829,580$625,700$1,435,658
73$2,056,842$822,849$599,281$1,506,738
74$2,217,767$814,296$570,484$1,583,778
75$2,393,568$803,785$539,184$1,667,394
76$2,585,712$791,171$505,247$1,758,268
77$2,795,816$776,300$468,534$1,857,154
78$3,025,662$759,011$428,903$1,964,885
79$3,277,209$739,133$386,201$2,082,384
80$3,552,617$716,482$340,271$2,210,669
81$3,854,261$690,868$290,947$2,350,868
82$4,184,761$662,085$238,059$2,504,227
83$4,546,999$629,919$181,426$2,672,121
84$4,944,149$594,142$120,861$2,856,073
85$5,379,710$554,513$56,167$3,057,764
86$5,857,532$510,776$0$3,279,052
87$6,381,859$462,662$0$3,523,088
88$6,957,363$409,887$0$3,796,229
89$7,589,193$352,150$0$4,096,200
90$8,283,017$289,132$0$4,425,787
91$9,045,083$220,497$0$4,788,067
92$9,882,271$145,891$0$5,186,436
93$10,802,162$64,939$0$5,624,645
94$11,813,107$0$0$6,106,830
95$12,924,305$0$0$6,648,827
96$14,145,893$0$0$7,280,113
97$15,489,037$0$0$7,974,313
98$16,966,040$0$0$8,737,797
99$18,590,457$0$0$9,577,585
100$20,377,222$0$0$10,501,411