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%19.2%
1 years$63,668$63,101$62,548$62,008$61,481$59,205
2 years$31,519$30,932$30,363$29,812$29,276$27,010
3 years$20,804$20,214$19,647$19,101$18,574$16,387
4 years$15,447$14,860$14,298$13,761$13,247$11,157
5 years$12,234$11,650$11,096$10,570$10,070$8,082
6 years$10,093$9,513$8,967$8,453$7,968$6,084
7 years$8,564$7,989$7,452$6,949$6,480$4,699
8 years$7,418$6,848$6,320$5,830$5,376$3,696
9 years$6,527$5,963$5,443$4,966$4,527$2,946
10 years$5,815$5,256$4,745$4,280$3,858$2,373
11 years$5,232$4,679$4,178$3,725$3,318$1,926
12 years$4,747$4,200$3,708$3,268$2,875$1,573
13 years$4,337$3,795$3,313$2,885$2,507$1,291
14 years$3,986$3,450$2,976$2,561$2,198$1,063
15 years$3,682$3,151$2,687$2,284$1,935$879
16 years$3,416$2,891$2,436$2,045$1,710$728
17 years$3,182$2,663$2,217$1,837$1,516$605
18 years$2,973$2,461$2,024$1,656$1,348$503
19 years$2,788$2,280$1,853$1,496$1,202$419
20 years$2,620$2,119$1,700$1,355$1,073$349
21 years$2,469$1,974$1,564$1,230$961$292
22 years$2,332$1,842$1,441$1,118$861$244
23 years$2,207$1,723$1,331$1,018$773$204
24 years$2,093$1,615$1,231$929$695$170
25 years$1,988$1,515$1,140$848$625$143
26 years$1,891$1,424$1,057$776$563$119
27 years$1,801$1,340$982$710$508$100
28 years$1,718$1,263$913$650$458$84
29 years$1,641$1,191$849$596$414$70
30 years$1,569$1,125$791$547$374$59
31 years$1,502$1,064$738$503$338$49
32 years$1,440$1,006$688$462$306$41
33 years$1,381$953$643$425$277$35
34 years$1,325$903$600$391$250$29
35 years$1,274$857$561$360$227$24
36 years$1,225$813$525$331$206$20
37 years$1,178$772$491$305$186$17
38 years$1,135$734$460$281$169$14
39 years$1,093$698$431$260$153$12
40 years$1,054$664$404$239$139$10
41 years$1,017$632$379$221$126$8
42 years$982$602$355$204$114$7
43 years$948$574$334$188$104$6
44 years$916$547$313$174$94$5
45 years$886$521$294$160$86$4
46 years$857$497$276$148$78$4
47 years$829$475$259$137$71$3
48 years$802$453$244$127$64$2
49 years$777$433$229$117$58$2
50 years$753$413$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $771,000, adding $3,393 every year, while hoping to spend $33,949 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: 57/27/16 Blend
59$771,000$771,000$771,000$771,000
60$853,142$812,279$800,328$898,028
61$904,041$815,959$791,018$932,543
62$958,994$818,682$780,258$966,140
63$1,018,378$820,364$767,963$1,001,975
64$1,082,609$820,918$754,047$1,040,270
65$1,152,143$820,251$738,415$1,081,269
66$1,227,481$818,263$720,971$1,125,243
67$1,309,175$814,849$701,614$1,172,492
68$1,397,831$809,896$680,239$1,223,348
69$1,494,116$803,288$656,733$1,278,179
70$1,598,764$794,897$630,982$1,337,390
71$1,712,583$784,592$602,864$1,401,431
72$1,836,459$772,229$572,253$1,470,798
73$1,971,370$757,661$539,016$1,546,041
74$2,118,391$740,727$503,014$1,627,768
75$2,278,705$721,261$464,103$1,716,651
76$2,453,615$699,085$422,133$1,813,433
77$2,644,554$674,010$376,944$1,918,934
78$2,853,099$645,838$328,373$2,034,062
79$3,080,989$614,358$276,247$2,159,821
80$3,330,135$579,346$220,387$2,297,319
81$3,602,643$540,568$160,604$2,447,780
82$3,900,830$497,774$96,702$2,612,559
83$4,227,251$450,701$28,477$2,793,150
84$4,584,715$399,070$0$2,991,205
85$4,976,319$342,587$0$3,216,116
86$5,405,471$280,941$0$3,468,012
87$5,875,925$213,804$0$3,744,289
88$6,391,818$140,829$0$4,047,447
89$6,957,703$61,649$0$4,380,243
90$7,578,597$0$0$4,745,718
91$8,260,025$0$0$5,154,394
92$9,008,074$0$0$5,623,201
93$9,829,448$0$0$6,138,032
94$10,731,532$0$0$6,703,525
95$11,722,462$0$0$7,324,791
96$12,811,202$0$0$8,007,457
97$14,007,623$0$0$8,757,725
98$15,322,605$0$0$9,582,425
99$16,768,130$0$0$10,489,084
100$18,357,401$0$0$11,485,994