Can I retire at age 60 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$62,182$61,628$61,088$60,560$60,045$59,246
2 years$30,783$30,210$29,654$29,116$28,593$27,789
3 years$20,318$19,742$19,188$18,655$18,141$17,357
4 years$15,087$14,513$13,964$13,440$12,938$12,180
5 years$11,949$11,378$10,837$10,323$9,835$9,106
6 years$9,857$9,291$8,758$8,255$7,782$7,083
7 years$8,364$7,803$7,278$6,787$6,329$5,659
8 years$7,245$6,688$6,172$5,694$5,251$4,610
9 years$6,375$5,823$5,316$4,850$4,422$3,811
10 years$5,679$5,133$4,635$4,180$3,768$3,185
11 years$5,110$4,570$4,080$3,638$3,240$2,686
12 years$4,636$4,101$3,621$3,191$2,808$2,282
13 years$4,236$3,707$3,235$2,817$2,449$1,949
14 years$3,893$3,369$2,907$2,501$2,146$1,673
15 years$3,596$3,078$2,624$2,230$1,890$1,442
16 years$3,336$2,824$2,379$1,997$1,670$1,247
17 years$3,107$2,601$2,165$1,794$1,481$1,082
18 years$2,904$2,403$1,977$1,617$1,317$940
19 years$2,722$2,227$1,809$1,461$1,174$819
20 years$2,559$2,070$1,661$1,323$1,048$715
21 years$2,412$1,928$1,527$1,201$938$625
22 years$2,278$1,799$1,408$1,092$841$547
23 years$2,156$1,683$1,300$995$755$479
24 years$2,044$1,577$1,202$907$678$420
25 years$1,941$1,480$1,113$828$611$369
26 years$1,847$1,391$1,033$757$550$324
27 years$1,759$1,309$959$693$496$285
28 years$1,678$1,233$891$635$447$251
29 years$1,603$1,164$830$583$404$221
30 years$1,533$1,099$773$535$365$194
31 years$1,467$1,039$720$491$330$171
32 years$1,406$983$672$451$299$151
33 years$1,349$931$628$415$270$133
34 years$1,295$882$586$382$245$117
35 years$1,244$837$548$351$222$103
36 years$1,196$794$513$324$201$91
37 years$1,151$754$480$298$182$80
38 years$1,108$717$449$275$165$71
39 years$1,068$682$421$253$150$63
40 years$1,029$649$395$234$136$55
41 years$993$617$370$216$123$49
42 years$959$588$347$199$112$43
43 years$926$560$326$184$101$38
44 years$895$534$306$170$92$34
45 years$865$509$287$157$84$30
46 years$837$486$270$145$76$26
47 years$809$464$253$134$69$23
48 years$784$443$238$124$63$20
49 years$759$423$224$114$57$18
50 years$735$404$210$106$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $753,000, adding $2,069 every year, while hoping to spend $24,091 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: 45/48/7 Blend
59$753,000$753,000$753,000$753,000
60$831,940$792,031$780,360$867,665
61$891,165$805,208$780,869$905,699
62$955,624$818,223$780,588$944,255
63$1,025,825$831,043$779,465$985,501
64$1,102,327$843,632$777,445$1,029,693
65$1,185,746$855,952$774,471$1,077,112
66$1,276,760$867,961$770,484$1,128,070
67$1,376,115$879,616$765,420$1,182,910
68$1,484,631$890,870$759,214$1,242,010
69$1,603,212$901,672$751,796$1,305,789
70$1,732,854$911,968$743,096$1,374,707
71$1,874,652$921,701$733,037$1,449,275
72$2,029,812$930,811$721,539$1,530,053
73$2,199,663$939,230$708,521$1,617,661
74$2,385,668$946,891$693,895$1,712,784
75$2,589,436$953,719$677,571$1,816,177
76$2,812,743$959,636$659,453$1,928,672
77$3,057,540$964,556$639,443$2,051,189
78$3,325,981$968,391$617,437$2,184,744
79$3,620,436$971,046$593,325$2,330,454
80$3,943,513$972,420$566,994$2,489,556
81$4,298,089$972,406$538,326$2,663,414
82$4,687,330$970,890$507,195$2,853,531
83$5,114,725$967,751$473,474$3,061,567
84$5,584,116$962,861$437,025$3,289,354
85$6,099,738$956,083$397,708$3,538,912
86$6,666,254$947,274$355,373$3,812,470
87$7,288,801$936,279$309,867$4,112,489
88$7,973,040$922,938$261,029$4,441,682
89$8,725,205$907,077$208,689$4,803,042
90$9,552,167$888,515$152,671$5,199,872
91$10,461,495$867,059$92,792$5,635,814
92$11,461,527$842,504$28,860$6,114,888
93$12,561,450$814,634$0$6,641,525
94$13,771,387$783,220$0$7,223,556
95$15,102,490$748,020$0$7,865,925
96$16,567,049$708,778$0$8,572,439
97$18,178,601$665,221$0$9,349,675
98$19,952,066$617,065$0$10,204,887
99$21,903,881$564,005$0$11,146,074
100$24,052,157$505,721$0$12,182,056