Can I retire at age 60 with 767,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.1%
1 years$63,338$62,774$62,224$61,686$61,162$59,156
2 years$31,356$30,772$30,206$29,657$29,125$27,124
3 years$20,696$20,110$19,545$19,001$18,478$16,544
4 years$15,367$14,783$14,224$13,689$13,179$11,326
5 years$12,171$11,590$11,038$10,515$10,018$8,252
6 years$10,041$9,464$8,921$8,409$7,927$6,249
7 years$8,520$7,948$7,413$6,913$6,447$4,857
8 years$7,380$6,813$6,287$5,799$5,348$3,845
9 years$6,493$5,932$5,415$4,940$4,504$3,086
10 years$5,784$5,229$4,721$4,258$3,838$2,503
11 years$5,205$4,655$4,156$3,706$3,300$2,046
12 years$4,722$4,178$3,688$3,251$2,860$1,683
13 years$4,314$3,775$3,295$2,870$2,494$1,392
14 years$3,965$3,432$2,961$2,547$2,186$1,155
15 years$3,663$3,135$2,673$2,272$1,925$962
16 years$3,398$2,876$2,424$2,034$1,701$804
17 years$3,165$2,649$2,206$1,828$1,508$673
18 years$2,958$2,448$2,013$1,647$1,341$564
19 years$2,773$2,269$1,843$1,488$1,196$474
20 years$2,607$2,108$1,692$1,348$1,068$399
21 years$2,457$1,964$1,556$1,223$956$336
22 years$2,320$1,833$1,434$1,112$857$283
23 years$2,196$1,714$1,324$1,013$769$239
24 years$2,082$1,606$1,224$924$691$201
25 years$1,977$1,507$1,134$844$622$170
26 years$1,881$1,417$1,052$772$560$144
27 years$1,792$1,333$977$706$505$121
28 years$1,709$1,256$908$647$456$103
29 years$1,633$1,185$845$593$412$87
30 years$1,561$1,119$787$545$372$73
31 years$1,495$1,058$734$500$336$62
32 years$1,432$1,001$685$460$304$52
33 years$1,374$948$639$423$275$44
34 years$1,319$899$597$389$249$38
35 years$1,267$852$558$358$226$32
36 years$1,218$809$522$330$204$27
37 years$1,172$768$489$304$185$23
38 years$1,129$730$458$280$168$19
39 years$1,088$694$429$258$152$16
40 years$1,049$661$402$238$138$14
41 years$1,012$629$377$220$125$12
42 years$977$599$354$203$114$10
43 years$943$571$332$187$103$8
44 years$911$544$311$173$94$7
45 years$881$519$292$160$85$6
46 years$852$495$275$147$77$5
47 years$825$472$258$136$70$4
48 years$798$451$243$126$64$4
49 years$773$430$228$116$58$3
50 years$749$411$214$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $767,000, adding $5,715 every year, while hoping to spend $59,437 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: 65/26/9 Blend
59$767,000$767,000$767,000$767,000
60$851,129$810,478$798,590$904,511
61$874,704$786,951$762,102$917,259
62$898,691$760,279$722,400$923,637
63$923,070$730,245$679,313$929,070
64$947,816$696,620$632,663$933,459
65$972,900$659,161$582,263$936,702
66$998,287$617,612$527,921$938,685
67$1,023,938$571,700$469,431$939,287
68$1,049,805$521,139$406,583$938,377
69$1,075,836$465,626$339,154$935,813
70$1,101,969$404,839$266,914$931,443
71$1,128,134$338,440$189,620$925,102
72$1,154,252$266,072$107,020$916,612
73$1,180,231$187,355$18,851$905,781
74$1,205,970$101,891$0$892,401
75$1,231,354$9,258$0$883,474
76$1,256,251$0$0$873,932
77$1,280,515$0$0$887,764
78$1,303,983$0$0$903,646
79$1,326,469$0$0$918,795
80$1,347,767$0$0$933,063
81$1,367,646$0$0$946,284
82$1,385,850$0$0$958,272
83$1,402,089$0$0$968,820
84$1,416,043$0$0$977,698
85$1,427,355$0$0$984,647
86$1,435,628$0$0$989,383
87$1,440,419$0$0$991,588
88$1,441,237$0$0$990,908
89$1,437,535$0$0$986,951
90$1,428,710$0$0$979,282
91$1,414,087$0$0$967,419
92$1,392,921$0$0$950,825
93$1,364,387$0$0$928,908
94$1,327,568$0$0$901,009
95$1,281,449$0$0$866,402
96$1,224,908$0$0$824,279
97$1,156,702$0$0$773,750
98$1,075,455$0$0$713,826
99$979,644$0$0$643,417
100$867,588$0$0$561,314