Can I retire at age 60 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$63,916$63,347$62,791$62,249$61,720$60,474
2 years$31,642$31,052$30,481$29,928$29,390$28,140
3 years$20,885$20,293$19,723$19,175$18,646$17,432
4 years$15,508$14,918$14,354$13,814$13,299$12,128
5 years$12,282$11,696$11,139$10,611$10,110$8,987
6 years$10,132$9,550$9,002$8,486$7,999$6,926
7 years$8,597$8,020$7,481$6,976$6,506$5,481
8 years$7,447$6,875$6,344$5,852$5,397$4,422
9 years$6,552$5,986$5,464$4,985$4,545$3,618
10 years$5,837$5,276$4,764$4,297$3,873$2,993
11 years$5,253$4,697$4,194$3,740$3,331$2,497
12 years$4,766$4,216$3,722$3,280$2,886$2,098
13 years$4,354$3,810$3,325$2,896$2,517$1,772
14 years$4,001$3,463$2,988$2,571$2,206$1,504
15 years$3,696$3,164$2,698$2,293$1,943$1,281
16 years$3,429$2,903$2,446$2,053$1,717$1,095
17 years$3,194$2,673$2,226$1,844$1,522$938
18 years$2,985$2,470$2,032$1,662$1,354$806
19 years$2,798$2,289$1,860$1,502$1,206$693
20 years$2,631$2,127$1,707$1,360$1,078$597
21 years$2,479$1,981$1,570$1,235$964$515
22 years$2,341$1,850$1,447$1,122$864$445
23 years$2,216$1,730$1,336$1,022$776$385
24 years$2,101$1,621$1,236$932$697$333
25 years$1,995$1,521$1,144$851$628$289
26 years$1,898$1,430$1,061$779$565$250
27 years$1,808$1,345$986$713$510$217
28 years$1,725$1,268$916$653$460$188
29 years$1,648$1,196$853$599$415$163
30 years$1,576$1,129$794$550$375$142
31 years$1,508$1,068$740$505$339$123
32 years$1,445$1,010$691$464$307$107
33 years$1,386$957$645$427$278$93
34 years$1,331$907$603$392$251$81
35 years$1,278$860$563$361$228$70
36 years$1,229$816$527$333$206$61
37 years$1,183$775$493$307$187$53
38 years$1,139$737$462$283$170$46
39 years$1,098$701$433$261$154$40
40 years$1,058$667$406$240$139$35
41 years$1,021$635$380$222$127$30
42 years$985$604$357$205$115$26
43 years$952$576$335$189$104$23
44 years$920$549$314$174$95$20
45 years$889$523$295$161$86$17
46 years$860$499$277$149$78$15
47 years$832$476$260$137$71$13
48 years$805$455$245$127$64$11
49 years$780$434$230$117$58$10
50 years$756$415$216$108$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $774,000, adding $6,043 every year, while hoping to spend $27,275 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: 45/39/16 Blend
59$774,000$774,000$774,000$774,000
60$859,181$818,159$806,162$893,654
61$917,797$829,229$804,148$929,398
62$981,478$839,926$801,153$964,923
63$1,050,712$850,205$797,114$1,002,859
64$1,126,034$860,015$791,967$1,043,442
65$1,208,036$869,303$785,645$1,086,932
66$1,297,368$878,010$778,076$1,133,615
67$1,394,743$886,077$769,185$1,183,808
68$1,500,950$893,438$758,896$1,237,864
69$1,616,855$900,024$747,127$1,296,169
70$1,743,410$905,761$733,791$1,359,152
71$1,881,665$910,570$718,800$1,427,286
72$2,032,775$914,369$702,061$1,501,096
73$2,198,013$917,068$683,475$1,581,159
74$2,378,779$918,573$662,940$1,668,114
75$2,576,615$918,784$640,349$1,762,668
76$2,793,219$917,593$615,590$1,865,600
77$3,030,462$914,889$588,546$1,977,773
78$3,290,401$910,551$559,095$2,100,137
79$3,575,305$904,452$527,108$2,233,746
80$3,887,672$896,456$492,452$2,379,759
81$4,230,253$886,420$454,987$2,539,460
82$4,606,077$874,193$414,567$2,714,264
83$5,018,482$859,613$371,040$2,905,737
84$5,471,143$842,511$324,246$3,115,604
85$5,968,110$822,704$274,019$3,345,773
86$6,513,844$800,003$220,186$3,598,349
87$7,113,258$774,205$162,563$3,875,655
88$7,771,764$745,095$100,963$4,180,257
89$8,495,326$712,447$35,188$4,514,987
90$9,290,513$676,020$0$4,882,969
91$10,164,562$635,562$0$5,293,631
92$11,125,446$590,803$0$5,751,602
93$12,181,949$541,460$0$6,255,108
94$13,343,749$487,233$0$6,808,826
95$14,621,509$427,805$0$7,417,913
96$16,026,977$362,841$0$8,088,058
97$17,573,096$291,988$0$8,825,534
98$19,274,126$214,870$0$9,637,260
99$21,145,782$131,094$0$10,530,867
100$23,205,377$40,242$0$11,514,770