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%11.1%
1 years$63,668$63,101$62,548$62,008$61,481$61,196
2 years$31,519$30,932$30,363$29,812$29,276$28,989
3 years$20,804$20,214$19,647$19,101$18,574$18,293
4 years$15,447$14,860$14,298$13,761$13,247$12,974
5 years$12,234$11,650$11,096$10,570$10,070$9,807
6 years$10,093$9,513$8,967$8,453$7,968$7,714
7 years$8,564$7,989$7,452$6,949$6,480$6,236
8 years$7,418$6,848$6,320$5,830$5,376$5,141
9 years$6,527$5,963$5,443$4,966$4,527$4,302
10 years$5,815$5,256$4,745$4,280$3,858$3,642
11 years$5,232$4,679$4,178$3,725$3,318$3,111
12 years$4,747$4,200$3,708$3,268$2,875$2,678
13 years$4,337$3,795$3,313$2,885$2,507$2,319
14 years$3,986$3,450$2,976$2,561$2,198$2,019
15 years$3,682$3,151$2,687$2,284$1,935$1,765
16 years$3,416$2,891$2,436$2,045$1,710$1,548
17 years$3,182$2,663$2,217$1,837$1,516$1,362
18 years$2,973$2,461$2,024$1,656$1,348$1,202
19 years$2,788$2,280$1,853$1,496$1,202$1,063
20 years$2,620$2,119$1,700$1,355$1,073$942
21 years$2,469$1,974$1,564$1,230$961$837
22 years$2,332$1,842$1,441$1,118$861$744
23 years$2,207$1,723$1,331$1,018$773$662
24 years$2,093$1,615$1,231$929$695$590
25 years$1,988$1,515$1,140$848$625$527
26 years$1,891$1,424$1,057$776$563$471
27 years$1,801$1,340$982$710$508$421
28 years$1,718$1,263$913$650$458$376
29 years$1,641$1,191$849$596$414$337
30 years$1,569$1,125$791$547$374$302
31 years$1,502$1,064$738$503$338$270
32 years$1,440$1,006$688$462$306$242
33 years$1,381$953$643$425$277$217
34 years$1,325$903$600$391$250$195
35 years$1,274$857$561$360$227$175
36 years$1,225$813$525$331$206$157
37 years$1,178$772$491$305$186$141
38 years$1,135$734$460$281$169$127
39 years$1,093$698$431$260$153$114
40 years$1,054$664$404$239$139$102
41 years$1,017$632$379$221$126$92
42 years$982$602$355$204$114$83
43 years$948$574$334$188$104$74
44 years$916$547$313$174$94$67
45 years$886$521$294$160$86$60
46 years$857$497$276$148$78$54
47 years$829$475$259$137$71$49
48 years$802$453$244$127$64$44
49 years$777$433$229$117$58$39
50 years$753$413$215$108$53$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $771,000, adding $5,511 every year, while hoping to spend $48,884 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: 31/47/22 Blend
59$771,000$771,000$771,000$771,000
60$855,327$814,464$802,513$875,867
61$890,558$802,360$777,385$879,800
62$927,744$788,025$749,777$879,260
63$967,033$771,298$719,554$877,668
64$1,008,587$752,008$686,575$874,963
65$1,052,581$729,974$650,693$871,082
66$1,099,207$705,006$611,755$865,962
67$1,148,677$676,901$569,599$859,539
68$1,201,218$645,446$524,057$851,747
69$1,257,083$610,414$474,954$842,522
70$1,316,547$571,566$422,106$831,796
71$1,379,910$528,648$365,322$819,506
72$1,447,502$481,392$304,401$805,586
73$1,519,684$429,517$239,135$789,972
74$1,596,852$372,723$169,306$772,603
75$1,679,438$310,694$94,685$753,420
76$1,767,919$243,097$15,036$732,366
77$1,862,816$169,578$0$709,390
78$1,964,702$89,766$0$700,868
79$2,074,204$3,267$0$695,170
80$2,192,012$0$0$688,795
81$2,318,884$0$0$728,502
82$2,455,649$0$0$773,218
83$2,603,222$0$0$821,563
84$2,762,606$0$0$873,878
85$2,934,904$0$0$930,537
86$3,121,327$0$0$991,952
87$3,323,208$0$0$1,058,577
88$3,542,012$0$0$1,130,908
89$3,779,347$0$0$1,209,495
90$4,036,987$0$0$1,294,939
91$4,316,879$0$0$1,387,904
92$4,621,166$0$0$1,489,120
93$4,952,204$0$0$1,599,388
94$5,312,588$0$0$1,719,592
95$5,705,173$0$0$1,850,705
96$6,133,098$0$0$1,993,797
97$6,599,820$0$0$2,150,044
98$7,109,144$0$0$2,320,745
99$7,665,257$0$0$2,507,326
100$8,272,770$0$0$2,711,360