Can I retire at age 76 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$49,547$49,106$48,676$48,255$47,845$47,623
2 years$24,528$24,072$23,629$23,200$22,783$22,560
3 years$16,190$15,731$15,289$14,864$14,455$14,236
4 years$12,021$11,564$11,127$10,709$10,309$10,097
5 years$9,521$9,066$8,635$8,225$7,837$7,632
6 years$7,855$7,403$6,978$6,578$6,201$6,003
7 years$6,665$6,217$5,799$5,408$5,043$4,853
8 years$5,773$5,329$4,918$4,537$4,184$4,001
9 years$5,079$4,640$4,236$3,864$3,523$3,348
10 years$4,525$4,090$3,693$3,331$3,002$2,834
11 years$4,072$3,641$3,251$2,899$2,582$2,421
12 years$3,694$3,268$2,885$2,543$2,237$2,084
13 years$3,375$2,953$2,578$2,245$1,951$1,805
14 years$3,102$2,685$2,316$1,993$1,710$1,571
15 years$2,865$2,452$2,091$1,777$1,506$1,373
16 years$2,658$2,250$1,896$1,591$1,331$1,205
17 years$2,476$2,072$1,725$1,430$1,180$1,060
18 years$2,314$1,915$1,575$1,289$1,049$936
19 years$2,169$1,775$1,442$1,164$935$827
20 years$2,039$1,649$1,323$1,054$835$733
21 years$1,922$1,536$1,217$957$748$651
22 years$1,815$1,434$1,122$870$670$579
23 years$1,718$1,341$1,036$792$601$515
24 years$1,629$1,256$958$723$541$459
25 years$1,547$1,179$887$660$486$410
26 years$1,472$1,108$823$604$438$366
27 years$1,402$1,043$764$552$395$327
28 years$1,337$983$710$506$356$293
29 years$1,277$927$661$464$322$262
30 years$1,221$876$616$426$291$235
31 years$1,169$828$574$391$263$210
32 years$1,120$783$536$360$238$189
33 years$1,075$742$500$331$215$169
34 years$1,032$703$467$304$195$152
35 years$991$667$437$280$177$136
36 years$953$633$409$258$160$122
37 years$917$601$382$238$145$110
38 years$883$571$358$219$131$99
39 years$851$543$336$202$119$89
40 years$820$517$315$186$108$80
41 years$791$492$295$172$98$72
42 years$764$468$277$159$89$64
43 years$738$446$260$146$81$58
44 years$713$425$244$135$73$52
45 years$689$406$229$125$67$47
46 years$667$387$215$115$60$42
47 years$645$369$202$107$55$38
48 years$624$353$190$98$50$34
49 years$605$337$178$91$45$31
50 years$586$322$168$84$41$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $600,000, adding $6,840 every year, while hoping to spend $31,580 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: 38/37/25 Blend
75$600,000$600,000$600,000$600,000
76$668,255$636,455$627,155$688,447
77$702,817$634,041$614,564$701,383
78$739,845$630,450$600,493$711,928
79$779,558$625,591$584,858$722,704
80$822,195$619,367$567,574$733,751
81$868,020$611,677$548,549$745,116
82$917,321$602,413$527,688$756,854
83$970,415$591,458$504,893$769,027
84$1,027,650$578,691$480,058$781,706
85$1,089,407$563,984$453,077$794,973
86$1,156,107$547,200$423,836$808,924
87$1,228,211$528,194$392,216$823,663
88$1,306,226$506,813$358,093$839,312
89$1,390,711$482,896$321,338$856,008
90$1,482,277$456,272$281,817$873,907
91$1,581,599$426,759$239,387$893,185
92$1,689,417$394,166$193,902$914,039
93$1,806,548$358,290$145,208$936,693
94$1,933,888$318,918$93,145$961,398
95$2,072,423$275,823$37,543$988,436
96$2,223,239$228,768$0$1,018,124
97$2,387,530$177,498$0$1,056,629
98$2,566,611$121,748$0$1,109,603
99$2,761,928$61,237$0$1,167,515
100$2,975,073$0$0$1,230,918