Can I retire at age 60 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$61,934$61,383$60,844$60,319$59,806$58,839
2 years$30,661$30,090$29,536$29,000$28,479$27,508
3 years$20,237$19,664$19,112$18,580$18,068$17,123
4 years$15,027$14,455$13,909$13,386$12,886$11,974
5 years$11,901$11,333$10,794$10,282$9,796$8,919
6 years$9,818$9,254$8,723$8,222$7,751$6,911
7 years$8,331$7,772$7,249$6,760$6,304$5,500
8 years$7,216$6,662$6,147$5,671$5,230$4,463
9 years$6,349$5,800$5,295$4,830$4,404$3,674
10 years$5,656$5,113$4,616$4,164$3,753$3,058
11 years$5,090$4,551$4,064$3,624$3,227$2,567
12 years$4,618$4,085$3,607$3,179$2,797$2,171
13 years$4,219$3,692$3,222$2,806$2,439$1,846
14 years$3,877$3,356$2,895$2,491$2,138$1,577
15 years$3,581$3,066$2,614$2,222$1,882$1,353
16 years$3,323$2,813$2,370$1,989$1,664$1,164
17 years$3,095$2,590$2,157$1,787$1,475$1,005
18 years$2,892$2,394$1,969$1,611$1,312$869
19 years$2,712$2,218$1,802$1,455$1,169$753
20 years$2,549$2,061$1,654$1,318$1,044$654
21 years$2,402$1,920$1,521$1,196$934$569
22 years$2,269$1,792$1,402$1,088$838$495
23 years$2,147$1,676$1,295$991$752$431
24 years$2,036$1,571$1,197$903$676$376
25 years$1,934$1,474$1,109$825$608$329
26 years$1,839$1,385$1,029$754$548$287
27 years$1,752$1,304$955$691$494$251
28 years$1,672$1,228$888$633$446$220
29 years$1,597$1,159$826$580$402$192
30 years$1,527$1,094$770$532$364$168
31 years$1,461$1,035$717$489$329$147
32 years$1,400$979$669$449$297$129
33 years$1,343$927$625$413$269$113
34 years$1,289$879$584$380$244$99
35 years$1,239$833$546$350$221$87
36 years$1,191$791$511$322$200$76
37 years$1,146$751$478$297$181$67
38 years$1,104$714$448$274$164$59
39 years$1,063$679$419$252$149$51
40 years$1,025$646$393$233$135$45
41 years$989$615$369$215$123$40
42 years$955$586$346$198$111$35
43 years$922$558$324$183$101$30
44 years$891$532$305$169$92$27
45 years$861$507$286$156$83$23
46 years$833$484$269$144$76$21
47 years$806$462$252$133$69$18
48 years$780$441$237$123$62$16
49 years$756$421$223$114$57$14
50 years$732$402$210$105$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $750,000, adding $6,991 every year, while hoping to spend $57,970 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: 76/7/17 Blend
59$750,000$750,000$750,000$750,000
60$833,711$793,961$782,336$893,378
61$857,070$771,186$746,865$911,006
62$880,869$745,351$708,262$922,427
63$905,091$716,247$666,362$933,388
64$929,716$683,649$620,992$943,827
65$954,721$647,322$571,969$953,673
66$980,077$607,015$519,104$962,851
67$1,005,750$562,464$462,199$971,281
68$1,031,701$513,390$401,048$978,871
69$1,057,886$459,497$335,434$985,525
70$1,084,252$400,473$265,132$991,137
71$1,110,738$335,989$189,907$995,590
72$1,137,276$265,696$109,512$998,760
73$1,163,789$189,225$23,691$1,000,508
74$1,190,187$106,189$0$1,000,685
75$1,216,370$16,176$0$1,011,443
76$1,242,224$0$0$1,025,675
77$1,267,622$0$0$1,045,198
78$1,292,418$0$0$1,065,447
79$1,316,453$0$0$1,085,041
80$1,339,543$0$0$1,103,828
81$1,361,486$0$0$1,121,637
82$1,382,055$0$0$1,138,277
83$1,400,995$0$0$1,153,534
84$1,418,023$0$0$1,167,171
85$1,432,823$0$0$1,178,922
86$1,445,042$0$0$1,188,491
87$1,454,290$0$0$1,195,550
88$1,460,128$0$0$1,199,734
89$1,462,074$0$0$1,200,634
90$1,459,588$0$0$1,197,799
91$1,452,072$0$0$1,190,729
92$1,438,864$0$0$1,178,866
93$1,419,227$0$0$1,161,594
94$1,392,345$0$0$1,138,228
95$1,357,314$0$0$1,108,010
96$1,313,133$0$0$1,070,102
97$1,258,693$0$0$1,023,572
98$1,192,766$0$0$967,393
99$1,113,993$0$0$900,425
100$1,020,872$0$0$821,409