Can I retire at age 60 with 773,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$63,834$63,265$62,710$62,169$61,640$59,667
2 years$31,601$31,012$30,442$29,889$29,352$27,383
3 years$20,858$20,267$19,698$19,150$18,622$16,718
4 years$15,488$14,898$14,335$13,797$13,282$11,457
5 years$12,266$11,680$11,125$10,597$10,096$8,357
6 years$10,119$9,538$8,990$8,475$7,989$6,335
7 years$8,586$8,010$7,471$6,967$6,497$4,930
8 years$7,437$6,866$6,336$5,845$5,390$3,907
9 years$6,544$5,978$5,457$4,978$4,539$3,140
10 years$5,830$5,269$4,758$4,291$3,868$2,549
11 years$5,246$4,691$4,189$3,735$3,326$2,087
12 years$4,759$4,210$3,717$3,276$2,882$1,719
13 years$4,348$3,805$3,321$2,892$2,514$1,423
14 years$3,996$3,459$2,984$2,567$2,203$1,183
15 years$3,691$3,160$2,694$2,290$1,940$987
16 years$3,425$2,899$2,443$2,050$1,715$825
17 years$3,190$2,670$2,223$1,842$1,520$692
18 years$2,981$2,467$2,029$1,660$1,352$581
19 years$2,795$2,286$1,858$1,500$1,205$489
20 years$2,627$2,125$1,705$1,359$1,076$412
21 years$2,476$1,979$1,568$1,233$963$347
22 years$2,338$1,847$1,445$1,121$863$293
23 years$2,213$1,728$1,334$1,021$775$248
24 years$2,098$1,619$1,234$931$697$209
25 years$1,993$1,519$1,143$850$627$177
26 years$1,896$1,428$1,060$778$565$150
27 years$1,806$1,344$984$712$509$127
28 years$1,723$1,266$915$652$459$107
29 years$1,646$1,194$852$598$415$91
30 years$1,573$1,128$793$549$375$77
31 years$1,506$1,066$739$504$339$65
32 years$1,443$1,009$690$463$306$55
33 years$1,384$956$644$426$277$47
34 years$1,329$906$602$392$251$40
35 years$1,277$859$563$361$227$34
36 years$1,228$815$526$332$206$29
37 years$1,181$774$493$306$187$24
38 years$1,138$736$461$282$169$21
39 years$1,096$700$432$260$154$17
40 years$1,057$666$405$240$139$15
41 years$1,020$634$380$221$126$13
42 years$984$604$356$204$115$11
43 years$950$575$334$189$104$9
44 years$918$548$314$174$94$8
45 years$888$523$295$161$86$6
46 years$859$499$277$149$78$5
47 years$831$476$260$137$71$5
48 years$804$454$244$127$64$4
49 years$779$434$230$117$58$3
50 years$755$414$216$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $773,000, adding $5,572 every year, while hoping to spend $57,956 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: 35/39/26 Blend
59$773,000$773,000$773,000$773,000
60$857,594$816,625$804,643$880,714
61$883,403$794,974$769,934$876,766
62$909,903$770,321$732,119$866,864
63$937,103$742,456$691,035$855,042
64$965,010$711,159$646,507$841,168
65$993,631$676,196$598,355$825,100
66$1,022,973$637,321$546,392$806,690
67$1,053,040$594,273$490,419$785,779
68$1,083,833$546,776$430,232$762,201
69$1,115,355$494,539$365,615$735,777
70$1,147,602$437,252$296,344$706,323
71$1,180,570$374,590$222,184$673,639
72$1,214,252$306,209$142,892$637,516
73$1,248,638$231,746$58,211$597,734
74$1,283,713$150,815$0$554,058
75$1,319,458$63,012$0$515,161
76$1,355,851$0$0$489,674
77$1,392,863$0$0$475,008
78$1,430,460$0$0$487,549
79$1,468,601$0$0$500,238
80$1,507,237$0$0$513,055
81$1,546,313$0$0$525,976
82$1,585,762$0$0$538,972
83$1,625,510$0$0$552,014
84$1,665,469$0$0$565,066
85$1,705,539$0$0$578,086
86$1,745,608$0$0$591,029
87$1,785,547$0$0$603,842
88$1,825,208$0$0$616,467
89$1,864,427$0$0$628,837
90$1,903,018$0$0$640,878
91$1,940,770$0$0$652,506
92$1,977,448$0$0$663,627
93$2,012,786$0$0$674,136
94$2,046,488$0$0$683,916
95$2,078,223$0$0$692,835
96$2,107,619$0$0$700,748
97$2,134,262$0$0$707,491
98$2,157,690$0$0$712,883
99$2,177,388$0$0$716,721
100$2,192,783$0$0$718,782