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%14%
1 years$63,586$63,019$62,467$61,928$61,401$60,384
2 years$31,478$30,892$30,324$29,773$29,239$28,217
3 years$20,777$20,188$19,621$19,076$18,550$17,555
4 years$15,427$14,840$14,279$13,743$13,230$12,270
5 years$12,219$11,635$11,081$10,556$10,057$9,135
6 years$10,080$9,501$8,955$8,442$7,958$7,074
7 years$8,553$7,979$7,442$6,940$6,472$5,627
8 years$7,408$6,839$6,311$5,822$5,369$4,563
9 years$6,519$5,955$5,436$4,959$4,522$3,754
10 years$5,807$5,249$4,739$4,275$3,853$3,123
11 years$5,225$4,673$4,172$3,720$3,313$2,620
12 years$4,741$4,194$3,703$3,263$2,871$2,214
13 years$4,331$3,790$3,308$2,881$2,504$1,882
14 years$3,981$3,445$2,972$2,557$2,195$1,607
15 years$3,677$3,147$2,684$2,281$1,933$1,377
16 years$3,411$2,888$2,433$2,042$1,708$1,184
17 years$3,177$2,659$2,214$1,835$1,514$1,021
18 years$2,970$2,457$2,021$1,654$1,347$883
19 years$2,784$2,277$1,850$1,494$1,200$765
20 years$2,617$2,116$1,698$1,353$1,072$663
21 years$2,466$1,971$1,562$1,228$959$576
22 years$2,329$1,840$1,440$1,117$860$501
23 years$2,204$1,721$1,329$1,017$772$437
24 years$2,090$1,612$1,229$928$694$381
25 years$1,985$1,513$1,139$847$624$332
26 years$1,888$1,422$1,056$775$562$290
27 years$1,799$1,338$981$709$507$253
28 years$1,716$1,261$912$650$457$221
29 years$1,639$1,190$848$596$413$193
30 years$1,567$1,124$790$547$373$169
31 years$1,500$1,062$737$502$337$148
32 years$1,438$1,005$687$461$305$130
33 years$1,379$952$642$424$276$113
34 years$1,324$902$600$390$250$99
35 years$1,272$856$561$359$227$87
36 years$1,223$812$524$331$205$76
37 years$1,177$771$491$305$186$67
38 years$1,133$733$460$281$169$59
39 years$1,092$697$431$259$153$51
40 years$1,053$663$404$239$139$45
41 years$1,016$631$378$221$126$39
42 years$980$601$355$204$114$35
43 years$947$573$333$188$104$30
44 years$915$546$313$173$94$27
45 years$884$521$294$160$85$23
46 years$855$497$276$148$78$20
47 years$828$474$259$137$70$18
48 years$801$453$243$126$64$16
49 years$776$432$229$117$58$14
50 years$752$413$215$108$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $770,000, adding $6,176 every year, while hoping to spend $31,950 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: 38/50/12 Blend
59$770,000$770,000$770,000$770,000
60$854,911$814,101$802,166$884,054
61$908,117$819,997$795,044$911,260
62$965,679$825,111$786,612$937,074
63$1,028,009$829,372$776,794$964,266
64$1,095,556$832,702$765,507$992,976
65$1,168,819$835,020$752,667$1,023,357
66$1,248,341$836,239$738,184$1,055,583
67$1,334,725$836,267$721,966$1,089,845
68$1,428,630$835,007$703,915$1,126,356
69$1,530,782$832,355$683,929$1,165,353
70$1,641,982$828,201$661,900$1,207,100
71$1,763,109$822,427$637,719$1,251,891
72$1,895,130$814,910$611,266$1,300,051
73$2,039,112$805,519$582,422$1,351,943
74$2,196,225$794,114$551,057$1,407,969
75$2,367,762$780,547$517,040$1,468,575
76$2,555,143$764,663$480,229$1,534,257
77$2,759,931$746,295$440,481$1,605,565
78$2,983,849$725,268$397,642$1,683,110
79$3,228,792$701,397$351,553$1,767,568
80$3,496,848$674,484$302,049$1,859,690
81$3,790,315$644,323$248,957$1,960,308
82$4,111,725$610,692$192,094$2,070,344
83$4,463,865$573,360$131,273$2,190,821
84$4,849,804$532,080$66,296$2,322,869
85$5,272,924$486,592$0$2,467,744
86$5,736,948$436,620$0$2,627,223
87$6,245,977$381,875$0$2,811,539
88$6,804,529$322,049$0$3,013,923
89$7,417,579$256,818$0$3,236,290
90$8,090,609$185,839$0$3,480,754
91$8,829,655$108,749$0$3,749,654
92$9,641,369$25,167$0$4,045,575
93$10,533,077$0$0$4,371,371
94$11,512,850$0$0$4,766,135
95$12,589,580$0$0$5,215,295
96$13,773,063$0$0$5,709,104
97$15,074,090$0$0$6,252,079
98$16,504,552$0$0$6,849,198
99$18,077,548$0$0$7,505,945
100$19,807,509$0$0$8,228,361