Can I retire at age 60 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$63,999$63,429$62,873$62,330$61,800$60,257
2 years$31,683$31,093$30,521$29,966$29,428$27,884
3 years$20,912$20,319$19,749$19,200$18,671$17,172
4 years$15,528$14,937$14,372$13,832$13,316$11,876
5 years$12,298$11,711$11,153$10,624$10,123$8,745
6 years$10,145$9,563$9,014$8,496$8,010$6,695
7 years$8,609$8,031$7,490$6,985$6,514$5,263
8 years$7,456$6,884$6,352$5,860$5,404$4,216
9 years$6,561$5,994$5,471$4,991$4,551$3,425
10 years$5,845$5,283$4,770$4,303$3,878$2,812
11 years$5,259$4,703$4,199$3,745$3,335$2,329
12 years$4,772$4,221$3,727$3,284$2,890$1,941
13 years$4,359$3,815$3,330$2,900$2,520$1,627
14 years$4,006$3,468$2,992$2,574$2,209$1,369
15 years$3,701$3,168$2,701$2,296$1,945$1,157
16 years$3,434$2,906$2,449$2,055$1,719$980
17 years$3,198$2,677$2,229$1,847$1,524$833
18 years$2,989$2,473$2,034$1,664$1,355$709
19 years$2,802$2,292$1,862$1,504$1,208$604
20 years$2,634$2,130$1,709$1,362$1,079$516
21 years$2,482$1,984$1,572$1,236$966$441
22 years$2,344$1,852$1,449$1,124$866$378
23 years$2,219$1,732$1,338$1,024$777$324
24 years$2,104$1,623$1,237$934$698$277
25 years$1,998$1,523$1,146$853$628$238
26 years$1,901$1,431$1,063$780$566$204
27 years$1,811$1,347$987$714$510$175
28 years$1,727$1,269$917$654$460$151
29 years$1,650$1,198$854$600$416$130
30 years$1,578$1,131$795$550$376$111
31 years$1,510$1,069$741$505$340$96
32 years$1,447$1,012$692$464$307$82
33 years$1,388$958$646$427$278$71
34 years$1,332$908$603$393$252$61
35 years$1,280$861$564$362$228$52
36 years$1,231$817$528$333$207$45
37 years$1,184$776$494$307$187$39
38 years$1,140$738$463$283$170$33
39 years$1,099$702$433$261$154$29
40 years$1,060$667$406$241$140$25
41 years$1,022$635$381$222$127$21
42 years$987$605$357$205$115$18
43 years$953$577$335$189$104$16
44 years$921$550$315$175$95$14
45 years$890$524$296$161$86$12
46 years$861$500$278$149$78$10
47 years$833$477$261$138$71$9
48 years$807$455$245$127$64$8
49 years$781$435$230$118$58$6
50 years$757$415$217$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $775,000, adding $5,600 every year, while hoping to spend $30,825 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: 89/6/5 Blend
59$775,000$775,000$775,000$775,000
60$859,826$818,751$806,739$935,970
61$914,731$826,073$800,967$993,662
62$974,203$832,720$793,969$1,052,146
63$1,038,675$838,626$785,670$1,115,424
64$1,108,625$843,724$775,995$1,183,954
65$1,184,575$847,937$764,861$1,258,243
66$1,267,103$851,186$752,185$1,338,845
67$1,356,842$853,389$737,878$1,426,374
68$1,454,490$854,455$721,847$1,521,502
69$1,560,814$854,290$703,995$1,624,973
70$1,676,660$852,793$684,221$1,737,602
71$1,802,955$849,856$662,420$1,860,290
72$1,940,725$845,367$638,479$1,994,026
73$2,091,094$839,205$612,282$2,139,901
74$2,255,301$831,242$583,710$2,299,118
75$2,434,711$821,342$552,634$2,472,999
76$2,630,827$809,363$518,922$2,663,001
77$2,845,301$795,151$482,435$2,870,730
78$3,079,954$778,547$443,030$3,097,953
79$3,336,792$759,378$400,553$3,346,620
80$3,618,022$737,464$354,849$3,618,876
81$3,926,074$712,615$305,751$3,917,085
82$4,263,627$684,626$253,087$4,243,850
83$4,633,629$653,285$196,677$4,602,042
84$5,039,328$618,364$136,334$4,994,822
85$5,484,299$579,623$71,861$5,425,671
86$5,972,482$536,810$3,053$5,898,429
87$6,508,217$489,655$0$6,417,322
88$7,096,282$437,876$0$6,990,764
89$7,741,944$381,172$0$7,620,552
90$8,451,001$319,229$0$8,312,190
91$9,229,842$251,710$0$9,071,923
92$10,085,506$178,264$0$9,906,633
93$11,025,745$98,516$0$10,823,899
94$12,059,102$12,074$0$11,832,076
95$13,194,985$0$0$12,940,365
96$14,443,764$0$0$14,164,288
97$15,816,858$0$0$15,510,933
98$17,326,853$0$0$16,991,845
99$18,987,613$0$0$18,620,623
100$20,814,413$0$0$20,412,247