Can I retire at age 60 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$62,843$62,283$61,737$61,204$60,683$58,788
2 years$31,110$30,531$29,969$29,425$28,897$27,004
3 years$20,534$19,952$19,392$18,853$18,333$16,503
4 years$15,247$14,667$14,112$13,582$13,075$11,321
5 years$12,076$11,499$10,952$10,433$9,940$8,266
6 years$9,962$9,390$8,851$8,343$7,865$6,273
7 years$8,453$7,886$7,355$6,859$6,396$4,887
8 years$7,322$6,759$6,238$5,754$5,306$3,878
9 years$6,442$5,885$5,372$4,901$4,469$3,120
10 years$5,739$5,188$4,684$4,225$3,808$2,536
11 years$5,164$4,618$4,124$3,677$3,275$2,079
12 years$4,686$4,145$3,660$3,225$2,838$1,715
13 years$4,281$3,746$3,270$2,847$2,475$1,422
14 years$3,934$3,405$2,938$2,528$2,169$1,184
15 years$3,634$3,110$2,652$2,254$1,910$989
16 years$3,372$2,854$2,405$2,018$1,688$828
17 years$3,140$2,628$2,188$1,813$1,497$695
18 years$2,935$2,429$1,998$1,634$1,331$585
19 years$2,751$2,251$1,829$1,477$1,186$493
20 years$2,586$2,092$1,678$1,337$1,060$416
21 years$2,437$1,948$1,544$1,214$948$351
22 years$2,302$1,819$1,423$1,104$850$297
23 years$2,179$1,701$1,314$1,005$763$251
24 years$2,066$1,594$1,215$917$686$213
25 years$1,962$1,496$1,125$837$617$180
26 years$1,866$1,406$1,044$765$556$153
27 years$1,778$1,323$969$701$501$129
28 years$1,696$1,246$901$642$452$110
29 years$1,620$1,176$838$589$408$93
30 years$1,549$1,111$781$540$369$79
31 years$1,483$1,050$728$496$334$67
32 years$1,421$993$679$456$302$57
33 years$1,363$941$634$419$273$48
34 years$1,308$892$593$386$247$41
35 years$1,257$846$554$355$224$35
36 years$1,209$803$518$327$203$30
37 years$1,163$762$485$301$184$25
38 years$1,120$724$454$278$167$21
39 years$1,079$689$426$256$151$18
40 years$1,040$655$399$236$137$15
41 years$1,004$624$374$218$124$13
42 years$969$594$351$201$113$11
43 years$936$566$329$186$102$9
44 years$904$540$309$171$93$8
45 years$874$515$290$158$84$7
46 years$845$491$273$146$77$6
47 years$818$468$256$135$70$5
48 years$792$447$241$125$63$4
49 years$767$427$226$115$57$4
50 years$743$408$213$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $761,000, adding $5,652 every year, while hoping to spend $27,148 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: 45/28/27 Blend
59$761,000$761,000$761,000$761,000
60$844,452$804,119$792,324$875,643
61$901,701$814,636$789,981$908,852
62$963,879$824,758$786,650$941,792
63$1,031,461$834,437$782,269$976,991
64$1,104,968$843,623$776,774$1,014,674
65$1,184,975$852,260$770,095$1,055,091
66$1,272,112$860,290$762,163$1,098,518
67$1,367,074$867,651$752,902$1,145,261
68$1,470,627$874,277$742,236$1,195,658
69$1,583,611$880,097$730,081$1,250,082
70$1,706,954$885,036$716,353$1,308,948
71$1,841,675$889,015$700,963$1,372,713
72$1,988,897$891,947$683,816$1,441,882
73$2,149,855$893,744$664,814$1,517,014
74$2,325,911$894,308$643,857$1,598,729
75$2,518,563$893,538$620,835$1,687,708
76$2,729,461$891,326$595,638$1,784,708
77$2,960,422$887,557$568,147$1,890,563
78$3,213,446$882,109$538,241$2,006,195
79$3,490,737$874,852$505,792$2,132,623
80$3,794,722$865,649$470,666$2,270,973
81$4,128,073$854,355$432,722$2,422,490
82$4,493,734$840,816$391,816$2,588,545
83$4,894,947$824,868$347,794$2,770,659
84$5,335,284$806,338$300,497$2,970,505
85$5,818,678$785,044$249,759$3,189,935
86$6,349,463$760,791$195,405$3,430,992
87$6,932,412$733,374$137,256$3,695,933
88$7,572,785$702,576$75,120$3,987,248
89$8,276,373$668,166$8,801$4,307,689
90$9,049,558$629,902$0$4,660,291
91$9,899,373$587,526$0$5,066,259
92$10,833,561$540,767$0$5,515,303
93$11,860,656$489,337$0$6,009,033
94$12,990,061$432,932$0$6,552,021
95$14,232,132$371,231$0$7,149,309
96$15,598,284$303,895$0$7,806,456
97$17,101,088$230,566$0$8,529,592
98$18,754,400$150,865$0$9,325,475
99$20,573,483$64,391$0$10,201,556
100$22,575,156$0$0$11,166,051