Can I retire at age 60 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$61,852$61,301$60,763$60,239$59,726$58,047
2 years$30,620$30,049$29,497$28,961$28,441$26,762
3 years$20,210$19,638$19,086$18,556$18,044$16,418
4 years$15,007$14,436$13,890$13,368$12,869$11,308
5 years$11,885$11,318$10,779$10,268$9,783$8,292
6 years$9,805$9,242$8,711$8,211$7,741$6,321
7 years$8,320$7,761$7,239$6,751$6,295$4,946
8 years$7,206$6,653$6,139$5,663$5,223$3,944
9 years$6,341$5,792$5,288$4,824$4,398$3,188
10 years$5,649$5,106$4,610$4,158$3,748$2,605
11 years$5,083$4,545$4,059$3,619$3,223$2,146
12 years$4,612$4,080$3,602$3,174$2,793$1,779
13 years$4,213$3,687$3,218$2,802$2,436$1,483
14 years$3,872$3,351$2,891$2,488$2,135$1,242
15 years$3,577$3,061$2,611$2,219$1,880$1,043
16 years$3,318$2,809$2,367$1,986$1,661$879
17 years$3,091$2,587$2,154$1,785$1,473$742
18 years$2,889$2,390$1,966$1,608$1,310$628
19 years$2,708$2,215$1,800$1,453$1,167$532
20 years$2,546$2,059$1,652$1,316$1,043$452
21 years$2,399$1,917$1,519$1,195$933$384
22 years$2,266$1,790$1,400$1,086$836$327
23 years$2,144$1,674$1,293$989$751$278
24 years$2,033$1,568$1,196$902$675$237
25 years$1,931$1,472$1,108$824$607$202
26 years$1,837$1,383$1,027$753$547$172
27 years$1,750$1,302$954$690$493$147
28 years$1,669$1,227$887$632$445$125
29 years$1,594$1,157$825$579$402$107
30 years$1,525$1,093$769$532$363$91
31 years$1,459$1,033$717$488$328$78
32 years$1,399$978$669$449$297$67
33 years$1,341$926$624$413$269$57
34 years$1,288$878$583$380$243$49
35 years$1,237$832$545$350$220$42
36 years$1,190$790$510$322$200$36
37 years$1,145$750$477$297$181$30
38 years$1,102$713$447$273$164$26
39 years$1,062$678$419$252$149$22
40 years$1,024$645$393$233$135$19
41 years$988$614$368$215$122$16
42 years$954$585$345$198$111$14
43 years$921$557$324$183$101$12
44 years$890$531$304$169$92$10
45 years$860$506$286$156$83$9
46 years$832$483$268$144$75$7
47 years$805$461$252$133$68$6
48 years$779$440$237$123$62$5
49 years$755$420$223$114$56$5
50 years$731$402$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $749,000, adding $3,922 every year, while hoping to spend $34,660 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: 54/35/11 Blend
59$749,000$749,000$749,000$749,000
60$829,444$789,747$778,137$871,696
61$877,169$791,566$767,327$902,642
62$928,600$792,313$754,992$932,208
63$984,080$791,899$741,047$963,576
64$1,043,982$790,228$725,398$996,924
65$1,108,719$787,200$707,950$1,032,450
66$1,178,745$782,709$688,603$1,070,372
67$1,254,556$776,642$667,250$1,110,934
68$1,336,702$768,877$643,784$1,154,405
69$1,425,782$759,289$618,087$1,201,083
70$1,522,460$747,743$590,042$1,251,299
71$1,627,464$734,095$559,521$1,305,421
72$1,741,594$718,194$526,393$1,363,853
73$1,865,731$699,880$490,522$1,427,047
74$2,000,844$678,983$451,763$1,495,500
75$2,148,001$655,324$409,968$1,569,764
76$2,308,375$628,712$364,979$1,650,450
77$2,483,257$598,947$316,634$1,738,235
78$2,674,068$565,815$264,761$1,833,866
79$2,882,375$529,091$209,182$1,938,173
80$3,109,898$488,538$149,710$2,052,072
81$3,358,535$443,904$86,153$2,176,576
82$3,630,373$394,922$18,306$2,312,809
83$3,927,710$341,312$0$2,462,010
84$4,253,077$282,778$0$2,631,900
85$4,609,261$219,004$0$2,820,354
86$4,999,331$149,660$0$3,026,925
87$5,426,665$74,396$0$3,253,495
88$5,894,986$0$0$3,502,142
89$6,408,391$0$0$3,777,920
90$6,971,395$0$0$4,111,831
91$7,588,971$0$0$4,478,182
92$8,266,593$0$0$4,880,229
93$9,010,295$0$0$5,321,561
94$9,826,721$0$0$5,806,130
95$10,723,189$0$0$6,338,291
96$11,707,762$0$0$6,922,841
97$12,789,322$0$0$7,565,063
98$13,977,654$0$0$8,270,779
99$15,283,536$0$0$9,046,401
100$16,718,843$0$0$9,898,995