Can I retire at age 60 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$64,081$63,511$62,954$62,410$61,879$60,779
2 years$31,723$31,133$30,560$30,005$29,466$28,362
3 years$20,939$20,346$19,774$19,224$18,695$17,620
4 years$15,548$14,956$14,391$13,850$13,333$12,297
5 years$12,314$11,726$11,168$10,638$10,136$9,140
6 years$10,159$9,575$9,025$8,507$8,020$7,067
7 years$8,620$8,041$7,500$6,994$6,522$5,612
8 years$7,466$6,893$6,361$5,867$5,411$4,543
9 years$6,569$6,001$5,478$4,998$4,557$3,731
10 years$5,852$5,290$4,776$4,308$3,883$3,098
11 years$5,266$4,709$4,205$3,749$3,339$2,594
12 years$4,778$4,227$3,732$3,289$2,894$2,188
13 years$4,365$3,820$3,334$2,903$2,523$1,856
14 years$4,012$3,472$2,996$2,577$2,212$1,581
15 years$3,706$3,172$2,705$2,299$1,948$1,353
16 years$3,438$2,910$2,452$2,058$1,721$1,161
17 years$3,202$2,680$2,231$1,849$1,526$999
18 years$2,993$2,476$2,037$1,666$1,357$862
19 years$2,806$2,295$1,865$1,506$1,210$745
20 years$2,637$2,133$1,711$1,364$1,080$645
21 years$2,485$1,987$1,574$1,238$967$559
22 years$2,347$1,854$1,451$1,125$867$485
23 years$2,222$1,734$1,340$1,025$778$421
24 years$2,106$1,625$1,239$935$699$366
25 years$2,001$1,525$1,147$854$629$319
26 years$1,903$1,433$1,064$781$567$278
27 years$1,813$1,349$988$714$511$242
28 years$1,730$1,271$919$655$461$211
29 years$1,652$1,199$855$600$416$184
30 years$1,580$1,132$796$551$376$161
31 years$1,512$1,070$742$506$340$140
32 years$1,449$1,013$693$465$308$122
33 years$1,390$959$647$428$278$107
34 years$1,334$909$604$393$252$93
35 years$1,282$862$565$362$228$82
36 years$1,232$818$528$334$207$71
37 years$1,186$777$495$307$187$62
38 years$1,142$739$463$283$170$54
39 years$1,100$702$434$261$154$48
40 years$1,061$668$407$241$140$42
41 years$1,023$636$381$222$127$36
42 years$988$606$358$205$115$32
43 years$954$577$336$189$104$28
44 years$922$550$315$175$95$24
45 years$891$525$296$161$86$21
46 years$862$501$278$149$78$19
47 years$834$478$261$138$71$16
48 years$808$456$245$127$64$14
49 years$782$435$231$118$59$12
50 years$758$416$217$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $776,000, adding $5,637 every year, while hoping to spend $21,669 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: 68/12/20 Blend
59$776,000$776,000$776,000$776,000
60$860,967$819,839$807,811$914,873
61$925,730$836,955$811,817$968,752
62$996,372$854,184$815,231$1,024,623
63$1,073,471$871,508$818,010$1,085,214
64$1,157,661$888,908$820,109$1,150,991
65$1,249,642$906,364$821,482$1,222,464
66$1,350,182$923,852$822,079$1,300,197
67$1,460,130$941,350$821,847$1,384,811
68$1,580,417$958,830$820,733$1,476,992
69$1,712,072$976,265$818,680$1,577,492
70$1,856,224$993,623$815,626$1,687,145
71$2,014,120$1,010,871$811,511$1,806,865
72$2,187,130$1,027,975$806,267$1,937,662
73$2,376,767$1,044,895$799,826$2,080,650
74$2,584,692$1,061,590$792,116$2,237,056
75$2,812,739$1,078,016$783,060$2,408,230
76$3,062,926$1,094,126$772,580$2,595,664
77$3,337,476$1,109,869$760,592$2,800,998
78$3,638,836$1,125,191$747,010$3,026,045
79$3,969,705$1,140,033$731,742$3,272,798
80$4,333,053$1,154,333$714,694$3,543,457
81$4,732,154$1,168,024$695,766$3,840,445
82$5,170,612$1,181,036$674,853$4,166,434
83$5,652,400$1,193,293$651,846$4,524,369
84$6,181,894$1,204,713$626,632$4,917,494
85$6,763,914$1,215,211$599,091$5,349,386
86$7,403,771$1,224,694$569,098$5,823,989
87$8,107,317$1,233,065$536,524$6,345,648
88$8,880,998$1,240,220$501,232$6,919,153
89$9,731,916$1,246,047$463,080$7,549,782
90$10,667,898$1,250,429$421,919$8,243,354
91$11,697,564$1,253,241$377,594$9,006,283
92$12,830,414$1,254,349$329,942$9,845,637
93$14,076,916$1,253,612$278,795$10,769,206
94$15,448,602$1,250,879$223,975$11,785,578
95$16,958,179$1,245,991$165,297$12,904,216
96$18,619,648$1,238,780$102,569$14,135,552
97$20,448,436$1,229,064$35,590$15,491,081
98$22,461,543$1,216,654$0$16,983,475
99$24,677,698$1,201,349$0$18,634,359
100$27,117,542$1,182,933$0$20,460,067