Can I retire at age 60 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$63,256$62,692$62,142$61,606$61,082$58,915
2 years$31,315$30,731$30,166$29,618$29,087$26,926
3 years$20,669$20,083$19,520$18,977$18,454$16,368
4 years$15,347$14,763$14,205$13,672$13,161$11,166
5 years$12,155$11,575$11,024$10,501$10,005$8,106
6 years$10,028$9,452$8,909$8,398$7,917$6,115
7 years$8,509$7,937$7,403$6,904$6,438$4,734
8 years$7,370$6,804$6,279$5,792$5,341$3,732
9 years$6,485$5,924$5,408$4,933$4,498$2,983
10 years$5,777$5,222$4,715$4,253$3,833$2,408
11 years$5,198$4,649$4,151$3,701$3,296$1,960
12 years$4,716$4,172$3,684$3,246$2,856$1,604
13 years$4,309$3,771$3,291$2,866$2,491$1,320
14 years$3,960$3,427$2,957$2,544$2,183$1,091
15 years$3,658$3,131$2,670$2,269$1,922$904
16 years$3,394$2,873$2,421$2,032$1,699$751
17 years$3,161$2,646$2,203$1,825$1,507$626
18 years$2,954$2,445$2,011$1,645$1,340$522
19 years$2,769$2,266$1,841$1,486$1,194$436
20 years$2,603$2,105$1,689$1,346$1,066$365
21 years$2,453$1,961$1,554$1,222$954$306
22 years$2,317$1,831$1,432$1,111$855$256
23 years$2,193$1,712$1,322$1,012$768$215
24 years$2,079$1,604$1,223$923$690$180
25 years$1,975$1,505$1,133$843$621$151
26 years$1,879$1,415$1,050$771$559$127
27 years$1,790$1,331$975$705$504$107
28 years$1,707$1,255$907$646$455$90
29 years$1,631$1,184$844$593$411$75
30 years$1,559$1,118$786$544$371$63
31 years$1,493$1,057$733$499$336$53
32 years$1,430$1,000$684$459$304$45
33 years$1,372$947$638$422$275$38
34 years$1,317$897$596$388$249$32
35 years$1,265$851$558$358$225$27
36 years$1,217$808$522$329$204$22
37 years$1,171$767$488$303$185$19
38 years$1,127$729$457$280$168$16
39 years$1,086$693$428$258$152$13
40 years$1,047$660$402$238$138$11
41 years$1,010$628$377$219$125$9
42 years$975$598$353$202$114$8
43 years$942$570$331$187$103$7
44 years$910$543$311$173$94$6
45 years$880$518$292$159$85$5
46 years$851$494$274$147$77$4
47 years$823$472$258$136$70$3
48 years$797$450$242$126$64$3
49 years$772$430$228$116$58$2
50 years$748$411$214$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $766,000, adding $4,771 every year, while hoping to spend $21,628 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: 61/9/30 Blend
59$766,000$766,000$766,000$766,000
60$849,053$808,455$796,582$893,680
61$912,645$825,058$800,256$941,276
62$981,998$841,748$803,327$990,480
63$1,057,677$858,510$805,754$1,043,745
64$1,140,304$875,321$807,491$1,101,473
65$1,230,563$892,160$808,491$1,164,108
66$1,329,209$909,004$808,703$1,232,139
67$1,437,070$925,826$808,076$1,306,104
68$1,555,059$942,600$806,555$1,386,597
69$1,684,183$959,295$804,082$1,474,276
70$1,825,548$975,879$800,598$1,569,861
71$1,980,374$992,318$796,038$1,674,150
72$2,150,004$1,008,573$790,337$1,788,022
73$2,335,917$1,024,606$783,426$1,912,445
74$2,539,742$1,040,372$775,231$2,048,488
75$2,763,271$1,055,826$765,678$2,197,329
76$3,008,481$1,070,919$754,685$2,360,267
77$3,277,549$1,085,596$742,169$2,538,733
78$3,572,871$1,099,802$728,044$2,734,307
79$3,897,088$1,113,476$712,217$2,948,730
80$4,253,108$1,126,554$694,593$3,183,921
81$4,644,135$1,138,965$675,072$3,441,997
82$5,073,699$1,150,637$653,550$3,725,291
83$5,545,688$1,161,490$629,916$4,036,375
84$6,064,386$1,171,441$604,056$4,378,086
85$6,634,513$1,180,400$575,850$4,753,550
86$7,261,266$1,188,273$545,174$5,166,215
87$7,950,373$1,194,957$511,896$5,619,881
88$8,708,147$1,200,345$475,880$6,118,738
89$9,541,538$1,204,322$436,982$6,667,404
90$10,458,208$1,206,767$395,054$7,270,972
91$11,466,597$1,207,550$349,940$7,935,053
92$12,576,003$1,206,533$301,476$8,665,837
93$13,796,672$1,203,571$249,493$9,470,144
94$15,139,895$1,198,507$193,813$10,355,493
95$16,618,108$1,191,179$134,250$11,330,173
96$18,245,019$1,181,410$70,611$12,403,321
97$20,035,729$1,169,017$2,694$13,585,009
98$22,006,877$1,153,802$0$14,886,338
99$24,176,798$1,135,559$0$16,341,884
100$26,565,696$1,114,065$0$17,945,170