Can I retire at age 60 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$63,008$62,447$61,899$61,365$60,843$58,498
2 years$31,192$30,611$30,048$29,502$28,973$26,638
3 years$20,588$20,005$19,443$18,902$18,381$16,131
4 years$15,287$14,706$14,150$13,618$13,110$10,960
5 years$12,107$11,529$10,981$10,460$9,966$7,923
6 years$9,988$9,415$8,874$8,365$7,886$5,951
7 years$8,475$7,906$7,374$6,877$6,413$4,586
8 years$7,341$6,777$6,254$5,769$5,320$3,598
9 years$6,459$5,901$5,387$4,914$4,480$2,861
10 years$5,754$5,201$4,696$4,236$3,818$2,298
11 years$5,178$4,630$4,134$3,687$3,283$1,861
12 years$4,698$4,156$3,669$3,234$2,845$1,515
13 years$4,292$3,756$3,278$2,855$2,481$1,240
14 years$3,944$3,414$2,945$2,534$2,175$1,019
15 years$3,643$3,119$2,659$2,260$1,915$840
16 years$3,380$2,861$2,411$2,024$1,692$694
17 years$3,148$2,635$2,194$1,818$1,501$574
18 years$2,943$2,435$2,003$1,639$1,334$476
19 years$2,759$2,257$1,834$1,481$1,189$396
20 years$2,593$2,097$1,683$1,341$1,062$329
21 years$2,444$1,953$1,548$1,217$951$274
22 years$2,308$1,823$1,426$1,107$852$228
23 years$2,184$1,705$1,317$1,008$765$190
24 years$2,071$1,598$1,218$919$688$158
25 years$1,967$1,499$1,128$839$619$132
26 years$1,871$1,409$1,046$767$557$110
27 years$1,783$1,326$972$703$502$92
28 years$1,701$1,250$903$644$453$77
29 years$1,624$1,179$841$590$409$64
30 years$1,553$1,113$783$542$370$54
31 years$1,487$1,053$730$497$334$45
32 years$1,425$996$681$457$302$37
33 years$1,366$943$636$420$274$31
34 years$1,312$894$594$387$248$26
35 years$1,260$848$555$356$224$22
36 years$1,212$805$520$328$203$18
37 years$1,166$764$486$302$184$15
38 years$1,123$726$455$279$167$13
39 years$1,082$691$427$257$152$11
40 years$1,043$657$400$237$137$9
41 years$1,006$626$375$219$125$7
42 years$971$596$352$202$113$6
43 years$938$568$330$186$103$5
44 years$907$541$310$172$93$4
45 years$876$516$291$159$85$4
46 years$848$492$273$147$77$3
47 years$820$470$257$135$70$3
48 years$794$448$241$125$63$2
49 years$769$428$227$116$58$2
50 years$745$409$213$107$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $763,000, adding $3,651 every year, while hoping to spend $46,415 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: 64/23/13 Blend
59$763,000$763,000$763,000$763,000
60$844,592$804,153$792,327$895,840
61$881,355$794,171$769,484$920,591
62$920,313$782,145$744,321$941,911
63$961,639$767,924$716,710$964,047
64$1,005,526$751,352$686,520$987,078
65$1,052,181$732,260$653,610$1,011,094
66$1,101,835$710,472$617,837$1,036,193
67$1,154,736$685,800$579,049$1,062,486
68$1,211,160$658,044$537,087$1,090,098
69$1,271,406$626,996$491,788$1,119,167
70$1,335,803$592,433$442,976$1,149,850
71$1,404,713$554,120$390,474$1,182,319
72$1,478,529$511,808$334,091$1,216,768
73$1,557,688$465,235$273,631$1,253,414
74$1,642,663$414,122$208,889$1,292,497
75$1,733,977$358,177$139,649$1,334,287
76$1,832,204$297,089$65,689$1,379,084
77$1,937,974$230,531$0$1,427,220
78$2,051,976$158,156$0$1,480,904
79$2,174,971$79,600$0$1,548,556
80$2,307,793$0$0$1,621,549
81$2,451,359$0$0$1,701,831
82$2,606,676$0$0$1,810,520
83$2,774,851$0$0$1,928,251
84$2,957,102$0$0$2,055,882
85$3,154,769$0$0$2,194,357
86$3,369,322$0$0$2,344,712
87$3,602,382$0$0$2,508,089
88$3,855,731$0$0$2,685,744
89$4,131,326$0$0$2,879,056
90$4,431,325$0$0$3,089,547
91$4,758,101$0$0$3,318,888
92$5,114,262$0$0$3,568,920
93$5,502,684$0$0$3,841,666
94$5,926,528$0$0$4,139,358
95$6,389,275$0$0$4,464,448
96$6,894,756$0$0$4,819,638
97$7,447,191$0$0$5,207,902
98$8,051,223$0$0$5,632,513
99$8,711,965$0$0$6,097,077
100$9,435,048$0$0$6,605,563