Can I retire at age 60 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$63,338$62,774$62,224$61,686$61,162$60,099
2 years$31,356$30,772$30,206$29,657$29,125$28,057
3 years$20,696$20,110$19,545$19,001$18,478$17,439
4 years$15,367$14,783$14,224$13,689$13,179$12,177
5 years$12,171$11,590$11,038$10,515$10,018$9,056
6 years$10,041$9,464$8,921$8,409$7,927$7,006
7 years$8,520$7,948$7,413$6,913$6,447$5,566
8 years$7,380$6,813$6,287$5,799$5,348$4,509
9 years$6,493$5,932$5,415$4,940$4,504$3,705
10 years$5,784$5,229$4,721$4,258$3,838$3,078
11 years$5,205$4,655$4,156$3,706$3,300$2,579
12 years$4,722$4,178$3,688$3,251$2,860$2,177
13 years$4,314$3,775$3,295$2,870$2,494$1,848
14 years$3,965$3,432$2,961$2,547$2,186$1,575
15 years$3,663$3,135$2,673$2,272$1,925$1,349
16 years$3,398$2,876$2,424$2,034$1,701$1,158
17 years$3,165$2,649$2,206$1,828$1,508$997
18 years$2,958$2,448$2,013$1,647$1,341$861
19 years$2,773$2,269$1,843$1,488$1,196$744
20 years$2,607$2,108$1,692$1,348$1,068$645
21 years$2,457$1,964$1,556$1,223$956$559
22 years$2,320$1,833$1,434$1,112$857$486
23 years$2,196$1,714$1,324$1,013$769$422
24 years$2,082$1,606$1,224$924$691$368
25 years$1,977$1,507$1,134$844$622$320
26 years$1,881$1,417$1,052$772$560$279
27 years$1,792$1,333$977$706$505$243
28 years$1,709$1,256$908$647$456$212
29 years$1,633$1,185$845$593$412$185
30 years$1,561$1,119$787$545$372$162
31 years$1,495$1,058$734$500$336$141
32 years$1,432$1,001$685$460$304$124
33 years$1,374$948$639$423$275$108
34 years$1,319$899$597$389$249$94
35 years$1,267$852$558$358$226$83
36 years$1,218$809$522$330$204$72
37 years$1,172$768$489$304$185$63
38 years$1,129$730$458$280$168$55
39 years$1,088$694$429$258$152$48
40 years$1,049$661$402$238$138$42
41 years$1,012$629$377$220$125$37
42 years$977$599$354$203$114$32
43 years$943$571$332$187$103$28
44 years$911$544$311$173$94$25
45 years$881$519$292$160$85$22
46 years$852$495$275$147$77$19
47 years$825$472$258$136$70$17
48 years$798$451$243$126$64$15
49 years$773$430$228$116$58$13
50 years$749$411$214$108$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $767,000, adding $3,695 every year, while hoping to spend $32,212 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: 56/28/16 Blend
59$767,000$767,000$767,000$767,000
60$849,045$808,394$796,506$892,824
61$901,375$813,732$788,916$928,333
62$957,962$818,252$779,991$963,188
63$1,019,208$821,880$769,654$1,000,425
64$1,085,552$824,537$757,823$1,040,278
65$1,157,478$826,139$744,410$1,083,008
66$1,235,518$826,598$729,325$1,128,902
67$1,320,258$825,818$712,474$1,178,277
68$1,412,341$823,700$693,759$1,231,486
69$1,512,475$820,136$673,075$1,288,915
70$1,621,439$815,014$650,314$1,350,997
71$1,740,090$808,214$625,364$1,418,204
72$1,869,371$799,609$598,106$1,491,064
73$2,010,320$789,063$568,416$1,570,155
74$2,164,080$776,435$536,165$1,656,121
75$2,331,908$761,572$501,218$1,749,669
76$2,515,188$744,314$463,434$1,851,584
77$2,715,442$724,491$422,665$1,962,733
78$2,934,350$701,923$378,757$2,084,071
79$3,173,757$676,421$331,549$2,216,656
80$3,435,697$647,782$280,872$2,361,657
81$3,722,409$615,794$226,552$2,520,362
82$4,036,357$580,231$168,404$2,694,199
83$4,380,258$540,854$106,238$2,884,739
84$4,757,100$497,412$39,853$3,093,722
85$5,170,178$449,639$0$3,323,066
86$5,623,116$397,252$0$3,580,183
87$6,119,911$339,953$0$3,869,726
88$6,664,960$277,429$0$4,187,506
89$7,263,109$209,347$0$4,536,417
90$7,919,698$135,356$0$4,919,649
91$8,640,604$55,086$0$5,340,721
92$9,432,306$0$0$5,803,516
93$10,301,937$0$0$6,322,129
94$11,257,358$0$0$6,910,623
95$12,307,228$0$0$7,557,369
96$13,461,086$0$0$8,268,251
97$14,729,440$0$0$9,049,754
98$16,123,870$0$0$9,909,021
99$17,657,129$0$0$10,853,924
100$19,343,273$0$0$11,893,134