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%14.2%
1 years$61,934$61,383$60,844$60,319$59,806$58,767
2 years$30,661$30,090$29,536$29,000$28,479$27,436
3 years$20,237$19,664$19,112$18,580$18,068$17,053
4 years$15,027$14,455$13,909$13,386$12,886$11,907
5 years$11,901$11,333$10,794$10,282$9,796$8,855
6 years$9,818$9,254$8,723$8,222$7,751$6,850
7 years$8,331$7,772$7,249$6,760$6,304$5,443
8 years$7,216$6,662$6,147$5,671$5,230$4,409
9 years$6,349$5,800$5,295$4,830$4,404$3,622
10 years$5,656$5,113$4,616$4,164$3,753$3,010
11 years$5,090$4,551$4,064$3,624$3,227$2,522
12 years$4,618$4,085$3,607$3,179$2,797$2,129
13 years$4,219$3,692$3,222$2,806$2,439$1,807
14 years$3,877$3,356$2,895$2,491$2,138$1,541
15 years$3,581$3,066$2,614$2,222$1,882$1,319
16 years$3,323$2,813$2,370$1,989$1,664$1,132
17 years$3,095$2,590$2,157$1,787$1,475$975
18 years$2,892$2,394$1,969$1,611$1,312$842
19 years$2,712$2,218$1,802$1,455$1,169$728
20 years$2,549$2,061$1,654$1,318$1,044$631
21 years$2,402$1,920$1,521$1,196$934$547
22 years$2,269$1,792$1,402$1,088$838$475
23 years$2,147$1,676$1,295$991$752$413
24 years$2,036$1,571$1,197$903$676$360
25 years$1,934$1,474$1,109$825$608$313
26 years$1,839$1,385$1,029$754$548$273
27 years$1,752$1,304$955$691$494$238
28 years$1,672$1,228$888$633$446$208
29 years$1,597$1,159$826$580$402$181
30 years$1,527$1,094$770$532$364$158
31 years$1,461$1,035$717$489$329$138
32 years$1,400$979$669$449$297$121
33 years$1,343$927$625$413$269$106
34 years$1,289$879$584$380$244$92
35 years$1,239$833$546$350$221$81
36 years$1,191$791$511$322$200$71
37 years$1,146$751$478$297$181$62
38 years$1,104$714$448$274$164$54
39 years$1,063$679$419$252$149$47
40 years$1,025$646$393$233$135$41
41 years$989$615$369$215$123$36
42 years$955$586$346$198$111$32
43 years$922$558$324$183$101$28
44 years$891$532$305$169$92$24
45 years$861$507$286$156$83$21
46 years$833$484$269$144$76$19
47 years$806$462$252$133$69$16
48 years$780$441$237$123$62$14
49 years$756$421$223$114$57$12
50 years$732$402$210$105$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $750,000, adding $6,702 every year, while hoping to spend $35,336 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: 84/9/7 Blend
59$750,000$750,000$750,000$750,000
60$833,413$793,663$782,038$902,341
61$880,824$794,955$770,639$949,640
62$931,887$795,127$757,674$996,095
63$986,936$794,085$743,053$1,046,010
64$1,046,340$791,732$726,682$1,099,709
65$1,110,504$787,963$708,463$1,157,551
66$1,179,871$782,670$688,292$1,219,928
67$1,254,931$775,734$666,064$1,287,274
68$1,336,221$767,032$641,663$1,360,068
69$1,424,331$756,431$614,974$1,438,833
70$1,519,910$743,794$585,873$1,524,151
71$1,623,673$728,972$554,232$1,616,658
72$1,736,404$711,808$519,916$1,717,058
73$1,858,968$692,138$482,784$1,826,124
74$1,992,316$669,785$442,690$1,944,709
75$2,137,492$644,565$399,480$2,073,752
76$2,295,648$616,281$352,995$2,214,290
77$2,468,051$584,725$303,066$2,367,463
78$2,656,093$549,677$249,520$2,534,527
79$2,861,309$510,906$192,173$2,716,867
80$3,085,387$468,165$130,836$2,916,011
81$3,330,186$421,195$65,309$3,133,639
82$3,597,753$369,721$0$3,371,605
83$3,890,340$313,453$0$3,632,297
84$4,210,428$252,085$0$3,922,849
85$4,560,747$185,294$0$4,240,876
86$4,944,307$112,736$0$4,589,129
87$5,364,417$34,052$0$4,970,640
88$5,824,727$0$0$5,388,750
89$6,329,252$0$0$5,852,203
90$6,882,416$0$0$6,364,046
91$7,489,092$0$0$6,925,418
92$8,154,646$0$0$7,541,284
93$8,884,988$0$0$8,217,118
94$9,686,631$0$0$8,958,945
95$10,566,745$0$0$9,773,404
96$11,533,232$0$0$10,667,809
97$12,594,793$0$0$11,650,214
98$13,761,017$0$0$12,729,495
99$15,042,465$0$0$13,915,429
100$16,450,771$0$0$15,218,784