Can I retire at age 60 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$63,586$63,019$62,467$61,928$61,401$60,988
2 years$31,478$30,892$30,324$29,773$29,239$28,822
3 years$20,777$20,188$19,621$19,076$18,550$18,143
4 years$15,427$14,840$14,279$13,743$13,230$12,836
5 years$12,219$11,635$11,081$10,556$10,057$9,677
6 years$10,080$9,501$8,955$8,442$7,958$7,592
7 years$8,553$7,979$7,442$6,940$6,472$6,120
8 years$7,408$6,839$6,311$5,822$5,369$5,031
9 years$6,519$5,955$5,436$4,959$4,522$4,198
10 years$5,807$5,249$4,739$4,275$3,853$3,543
11 years$5,225$4,673$4,172$3,720$3,313$3,018
12 years$4,741$4,194$3,703$3,263$2,871$2,589
13 years$4,331$3,790$3,308$2,881$2,504$2,235
14 years$3,981$3,445$2,972$2,557$2,195$1,939
15 years$3,677$3,147$2,684$2,281$1,933$1,689
16 years$3,411$2,888$2,433$2,042$1,708$1,477
17 years$3,177$2,659$2,214$1,835$1,514$1,296
18 years$2,970$2,457$2,021$1,654$1,347$1,139
19 years$2,784$2,277$1,850$1,494$1,200$1,004
20 years$2,617$2,116$1,698$1,353$1,072$887
21 years$2,466$1,971$1,562$1,228$959$784
22 years$2,329$1,840$1,440$1,117$860$695
23 years$2,204$1,721$1,329$1,017$772$616
24 years$2,090$1,612$1,229$928$694$547
25 years$1,985$1,513$1,139$847$624$486
26 years$1,888$1,422$1,056$775$562$433
27 years$1,799$1,338$981$709$507$385
28 years$1,716$1,261$912$650$457$343
29 years$1,639$1,190$848$596$413$306
30 years$1,567$1,124$790$547$373$273
31 years$1,500$1,062$737$502$337$244
32 years$1,438$1,005$687$461$305$218
33 years$1,379$952$642$424$276$194
34 years$1,324$902$600$390$250$174
35 years$1,272$856$561$359$227$155
36 years$1,223$812$524$331$205$139
37 years$1,177$771$491$305$186$124
38 years$1,133$733$460$281$169$111
39 years$1,092$697$431$259$153$99
40 years$1,053$663$404$239$139$89
41 years$1,016$631$378$221$126$79
42 years$980$601$355$204$114$71
43 years$947$573$333$188$104$64
44 years$915$546$313$173$94$57
45 years$884$521$294$160$85$51
46 years$855$497$276$148$78$46
47 years$828$474$259$137$70$41
48 years$801$453$243$126$64$37
49 years$776$432$229$117$58$33
50 years$752$413$215$108$53$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $770,000, adding $5,531 every year, while hoping to spend $59,602 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: 67/10/23 Blend
59$770,000$770,000$770,000$770,000
60$854,245$813,435$801,500$906,112
61$877,962$789,877$764,934$918,055
62$902,101$763,168$725,146$923,779
63$926,641$733,089$681,964$928,645
64$951,558$699,411$635,210$932,568
65$976,825$661,890$584,698$935,458
66$1,002,408$620,269$530,232$937,217
67$1,028,268$574,276$471,608$937,739
68$1,054,358$523,623$408,615$936,911
69$1,080,629$468,006$341,029$934,608
70$1,107,018$407,104$268,619$930,699
71$1,133,459$340,577$191,143$925,040
72$1,159,873$268,066$108,347$917,475
73$1,186,171$189,192$19,968$907,838
74$1,212,253$103,556$0$895,946
75$1,238,006$10,733$0$899,849
76$1,263,302$0$0$907,505
77$1,287,997$0$0$923,725
78$1,311,931$0$0$940,537
79$1,334,921$0$0$956,626
80$1,356,765$0$0$971,841
81$1,377,235$0$0$986,013
82$1,396,080$0$0$998,955
83$1,413,015$0$0$1,010,456
84$1,427,726$0$0$1,020,284
85$1,439,860$0$0$1,028,176
86$1,449,027$0$0$1,033,844
87$1,454,791$0$0$1,036,965
88$1,456,670$0$0$1,037,181
89$1,454,124$0$0$1,034,095
90$1,446,559$0$0$1,027,263
91$1,433,312$0$0$1,016,197
92$1,413,648$0$0$1,000,354
93$1,386,754$0$0$979,130
94$1,351,728$0$0$951,858
95$1,307,570$0$0$917,800
96$1,253,173$0$0$876,137
97$1,187,314$0$0$825,962
98$1,108,636$0$0$766,275
99$1,015,639$0$0$695,965
100$906,666$0$0$613,807