Can I retire at age 60 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$63,668$63,101$62,548$62,008$61,481$60,166
2 years$31,519$30,932$30,363$29,812$29,276$27,958
3 years$20,804$20,214$19,647$19,101$18,574$17,293
4 years$15,447$14,860$14,298$13,761$13,247$12,014
5 years$12,234$11,650$11,096$10,570$10,070$8,888
6 years$10,093$9,513$8,967$8,453$7,968$6,839
7 years$8,564$7,989$7,452$6,949$6,480$5,403
8 years$7,418$6,848$6,320$5,830$5,376$4,351
9 years$6,527$5,963$5,443$4,966$4,527$3,554
10 years$5,815$5,256$4,745$4,280$3,858$2,934
11 years$5,232$4,679$4,178$3,725$3,318$2,444
12 years$4,747$4,200$3,708$3,268$2,875$2,049
13 years$4,337$3,795$3,313$2,885$2,507$1,728
14 years$3,986$3,450$2,976$2,561$2,198$1,463
15 years$3,682$3,151$2,687$2,284$1,935$1,244
16 years$3,416$2,891$2,436$2,045$1,710$1,061
17 years$3,182$2,663$2,217$1,837$1,516$907
18 years$2,973$2,461$2,024$1,656$1,348$777
19 years$2,788$2,280$1,853$1,496$1,202$667
20 years$2,620$2,119$1,700$1,355$1,073$574
21 years$2,469$1,974$1,564$1,230$961$494
22 years$2,332$1,842$1,441$1,118$861$426
23 years$2,207$1,723$1,331$1,018$773$367
24 years$2,093$1,615$1,231$929$695$317
25 years$1,988$1,515$1,140$848$625$274
26 years$1,891$1,424$1,057$776$563$237
27 years$1,801$1,340$982$710$508$205
28 years$1,718$1,263$913$650$458$177
29 years$1,641$1,191$849$596$414$154
30 years$1,569$1,125$791$547$374$133
31 years$1,502$1,064$738$503$338$115
32 years$1,440$1,006$688$462$306$100
33 years$1,381$953$643$425$277$87
34 years$1,325$903$600$391$250$75
35 years$1,274$857$561$360$227$65
36 years$1,225$813$525$331$206$56
37 years$1,178$772$491$305$186$49
38 years$1,135$734$460$281$169$42
39 years$1,093$698$431$260$153$37
40 years$1,054$664$404$239$139$32
41 years$1,017$632$379$221$126$28
42 years$982$602$355$204$114$24
43 years$948$574$334$188$104$21
44 years$916$547$313$174$94$18
45 years$886$521$294$160$86$16
46 years$857$497$276$148$78$14
47 years$829$475$259$137$71$12
48 years$802$453$244$127$64$10
49 years$777$433$229$117$58$9
50 years$753$413$215$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $771,000, adding $2,323 every year, while hoping to spend $44,972 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: 74/18/8 Blend
59$771,000$771,000$771,000$771,000
60$852,038$811,175$799,225$913,858
61$891,096$803,073$778,149$946,807
62$932,631$793,066$754,860$976,994
63$976,847$781,015$729,236$1,008,792
64$1,023,970$766,769$701,149$1,042,347
65$1,074,245$750,171$670,468$1,077,819
66$1,127,942$731,053$637,053$1,115,383
67$1,185,356$709,238$600,758$1,155,236
68$1,246,810$684,539$561,431$1,197,594
69$1,312,660$656,757$518,914$1,242,695
70$1,383,296$625,682$473,042$1,290,804
71$1,459,143$591,091$423,640$1,342,214
72$1,540,671$552,750$370,528$1,397,246
73$1,628,395$510,411$313,516$1,456,260
74$1,722,881$463,810$252,408$1,519,649
75$1,824,747$412,670$186,996$1,587,851
76$1,934,678$356,697$117,067$1,661,349
77$2,053,421$295,581$42,395$1,740,677
78$2,181,801$228,995$0$1,826,425
79$2,320,721$156,592$0$1,922,429
80$2,471,177$78,008$0$2,030,296
81$2,634,263$0$0$2,147,223
82$2,811,181$0$0$2,275,527
83$3,003,253$0$0$2,431,625
84$3,211,935$0$0$2,601,250
85$3,438,826$0$0$2,785,708
86$3,685,687$0$0$2,986,433
87$3,954,455$0$0$3,205,004
88$4,247,262$0$0$3,443,159
89$4,566,453$0$0$3,702,810
90$4,914,609$0$0$3,986,062
91$5,294,572$0$0$4,295,230
92$5,709,470$0$0$4,632,866
93$6,162,744$0$0$5,001,775
94$6,658,187$0$0$5,405,048
95$7,199,970$0$0$5,846,088
96$7,792,689$0$0$6,328,639
97$8,441,402$0$0$6,856,828
98$9,151,680$0$0$7,435,196
99$9,929,658$0$0$8,068,746
100$10,782,092$0$0$8,762,985