Can I retire at age 60 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$63,834$63,265$62,710$62,169$61,640$60,794
2 years$31,601$31,012$30,442$29,889$29,352$28,502
3 years$20,858$20,267$19,698$19,150$18,622$17,793
4 years$15,488$14,898$14,335$13,797$13,282$12,481
5 years$12,266$11,680$11,125$10,597$10,096$9,326
6 years$10,119$9,538$8,990$8,475$7,989$7,250
7 years$8,586$8,010$7,471$6,967$6,497$5,789
8 years$7,437$6,866$6,336$5,845$5,390$4,713
9 years$6,544$5,978$5,457$4,978$4,539$3,894
10 years$5,830$5,269$4,758$4,291$3,868$3,253
11 years$5,246$4,691$4,189$3,735$3,326$2,741
12 years$4,759$4,210$3,717$3,276$2,882$2,327
13 years$4,348$3,805$3,321$2,892$2,514$1,987
14 years$3,996$3,459$2,984$2,567$2,203$1,704
15 years$3,691$3,160$2,694$2,290$1,940$1,468
16 years$3,425$2,899$2,443$2,050$1,715$1,269
17 years$3,190$2,670$2,223$1,842$1,520$1,099
18 years$2,981$2,467$2,029$1,660$1,352$955
19 years$2,795$2,286$1,858$1,500$1,205$831
20 years$2,627$2,125$1,705$1,359$1,076$725
21 years$2,476$1,979$1,568$1,233$963$633
22 years$2,338$1,847$1,445$1,121$863$554
23 years$2,213$1,728$1,334$1,021$775$485
24 years$2,098$1,619$1,234$931$697$425
25 years$1,993$1,519$1,143$850$627$373
26 years$1,896$1,428$1,060$778$565$327
27 years$1,806$1,344$984$712$509$288
28 years$1,723$1,266$915$652$459$253
29 years$1,646$1,194$852$598$415$222
30 years$1,573$1,128$793$549$375$196
31 years$1,506$1,066$739$504$339$172
32 years$1,443$1,009$690$463$306$152
33 years$1,384$956$644$426$277$133
34 years$1,329$906$602$392$251$118
35 years$1,277$859$563$361$227$104
36 years$1,228$815$526$332$206$91
37 years$1,181$774$493$306$187$80
38 years$1,138$736$461$282$169$71
39 years$1,096$700$432$260$154$63
40 years$1,057$666$405$240$139$55
41 years$1,020$634$380$221$126$49
42 years$984$604$356$204$115$43
43 years$950$575$334$189$104$38
44 years$918$548$314$174$94$33
45 years$888$523$295$161$86$29
46 years$859$499$277$149$78$26
47 years$831$476$260$137$71$23
48 years$804$454$244$127$64$20
49 years$779$434$230$117$58$18
50 years$755$414$216$108$53$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $773,000, adding $5,993 every year, while hoping to spend $30,068 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: 32/39/29 Blend
59$773,000$773,000$773,000$773,000
60$858,028$817,059$805,077$877,756
61$913,554$825,103$800,055$901,469
62$973,737$832,533$793,857$923,935
63$1,039,019$839,287$786,412$947,552
64$1,109,887$845,301$777,645$972,442
65$1,186,878$850,503$767,479$998,741
66$1,270,581$854,819$755,831$1,026,603
67$1,361,645$858,170$742,616$1,056,198
68$1,460,784$860,471$727,744$1,087,717
69$1,568,783$861,633$711,123$1,121,373
70$1,686,506$861,560$692,652$1,157,400
71$1,814,904$860,152$672,231$1,196,064
72$1,955,026$857,300$649,752$1,237,657
73$2,108,022$852,891$625,102$1,282,504
74$2,275,161$846,804$598,164$1,330,970
75$2,457,840$838,911$568,816$1,383,458
76$2,657,597$829,074$536,928$1,440,414
77$2,876,125$817,152$502,368$1,502,339
78$3,115,287$802,990$464,995$1,569,783
79$3,377,137$786,426$424,662$1,643,362
80$3,663,933$767,290$381,217$1,723,757
81$3,978,167$745,399$334,500$1,811,722
82$4,322,578$720,562$284,344$1,908,097
83$4,700,187$692,575$230,575$2,013,811
84$5,114,317$661,223$173,011$2,129,893
85$5,568,633$626,278$111,462$2,257,486
86$6,067,167$587,500$45,730$2,397,854
87$6,614,364$544,633$0$2,552,397
88$7,215,117$497,408$0$2,730,224
89$7,874,820$445,541$0$2,941,088
90$8,599,410$388,732$0$3,172,794
91$9,395,431$326,661$0$3,427,519
92$10,270,092$258,994$0$3,707,667
93$11,231,331$185,375$0$4,015,892
94$12,287,899$105,430$0$4,355,126
95$13,449,432$18,764$0$4,728,605
96$14,726,549$0$0$5,139,901
97$16,130,948$0$0$5,625,164
98$17,675,517$0$0$6,167,849
99$19,374,458$0$0$6,764,908
100$21,243,416$0$0$7,421,858