Can I retire at age 60 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$63,751$63,183$62,629$62,088$61,560$59,495
2 years$31,560$30,972$30,403$29,850$29,314$27,254
3 years$20,831$20,241$19,672$19,125$18,598$16,607
4 years$15,468$14,879$14,316$13,779$13,264$11,358
5 years$12,250$11,665$11,110$10,583$10,083$8,267
6 years$10,106$9,526$8,979$8,464$7,979$6,254
7 years$8,575$8,000$7,461$6,958$6,489$4,855
8 years$7,428$6,857$6,328$5,837$5,383$3,839
9 years$6,535$5,970$5,450$4,972$4,533$3,077
10 years$5,822$5,263$4,752$4,286$3,863$2,492
11 years$5,239$4,685$4,183$3,730$3,322$2,035
12 years$4,753$4,205$3,712$3,272$2,879$1,672
13 years$4,343$3,800$3,317$2,888$2,510$1,380
14 years$3,991$3,454$2,980$2,564$2,201$1,144
15 years$3,686$3,155$2,691$2,287$1,938$952
16 years$3,420$2,895$2,440$2,047$1,712$794
17 years$3,186$2,666$2,220$1,840$1,518$664
18 years$2,977$2,464$2,026$1,658$1,350$556
19 years$2,791$2,283$1,855$1,498$1,203$466
20 years$2,624$2,122$1,703$1,357$1,075$391
21 years$2,473$1,976$1,566$1,231$962$329
22 years$2,335$1,845$1,443$1,120$862$277
23 years$2,210$1,725$1,333$1,020$774$233
24 years$2,096$1,617$1,232$930$696$196
25 years$1,990$1,517$1,142$849$626$166
26 years$1,893$1,426$1,059$777$564$140
27 years$1,804$1,342$983$711$508$118
28 years$1,721$1,264$914$651$459$99
29 years$1,643$1,193$850$597$414$84
30 years$1,571$1,127$792$548$374$71
31 years$1,504$1,065$739$503$338$60
32 years$1,441$1,008$689$463$306$51
33 years$1,383$954$643$425$277$43
34 years$1,327$904$601$391$251$36
35 years$1,275$858$562$360$227$30
36 years$1,226$814$526$332$206$26
37 years$1,180$773$492$306$187$22
38 years$1,136$735$461$282$169$18
39 years$1,095$699$432$260$153$16
40 years$1,055$665$405$240$139$13
41 years$1,018$633$379$221$126$11
42 years$983$603$356$204$115$9
43 years$949$574$334$188$104$8
44 years$917$547$314$174$94$7
45 years$887$522$294$161$86$6
46 years$858$498$276$148$78$5
47 years$830$475$260$137$71$4
48 years$803$454$244$127$64$3
49 years$778$433$229$117$58$3
50 years$754$414$216$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $772,000, adding $3,099 every year, while hoping to spend $57,250 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: 66/18/16 Blend
59$772,000$772,000$772,000$772,000
60$853,941$813,025$801,059$906,806
61$880,129$791,949$766,981$921,464
62$907,070$767,922$729,842$930,537
63$934,779$740,739$689,480$939,045
64$963,274$710,182$645,725$946,930
65$992,569$676,022$598,397$954,133
66$1,022,680$638,016$547,313$960,586
67$1,053,621$595,907$492,276$966,221
68$1,085,407$549,423$433,084$970,963
69$1,118,052$498,278$369,525$974,733
70$1,151,567$442,168$301,378$977,446
71$1,185,964$380,771$228,412$979,012
72$1,221,253$313,750$150,384$979,334
73$1,257,443$240,745$67,044$978,310
74$1,294,540$161,380$0$975,829
75$1,332,549$75,254$0$975,514
76$1,371,474$0$0$985,957
77$1,411,313$0$0$999,194
78$1,452,064$0$0$1,027,974
79$1,493,721$0$0$1,057,386
80$1,536,274$0$0$1,087,421
81$1,579,708$0$0$1,118,068
82$1,624,005$0$0$1,149,313
83$1,669,139$0$0$1,181,137
84$1,715,082$0$0$1,213,516
85$1,761,794$0$0$1,246,423
86$1,809,232$0$0$1,279,825
87$1,857,343$0$0$1,313,680
88$1,906,063$0$0$1,347,943
89$1,955,319$0$0$1,382,560
90$2,005,027$0$0$1,417,467
91$2,055,089$0$0$1,452,592
92$2,105,392$0$0$1,487,851
93$2,155,807$0$0$1,523,151
94$2,206,188$0$0$1,558,382
95$2,256,368$0$0$1,593,423
96$2,306,159$0$0$1,628,135
97$2,355,347$0$0$1,662,362
98$2,403,693$0$0$1,695,926
99$2,450,924$0$0$1,728,630
100$2,496,738$0$0$1,760,252