Can I retire at age 60 with 776,000?

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 $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%12.2%
1 years$64,081$63,511$62,954$62,410$61,879$61,310
2 years$31,723$31,133$30,560$30,005$29,466$28,892
3 years$20,939$20,346$19,774$19,224$18,695$18,134
4 years$15,548$14,956$14,391$13,850$13,333$12,791
5 years$12,314$11,726$11,168$10,638$10,136$9,612
6 years$10,159$9,575$9,025$8,507$8,020$7,517
7 years$8,620$8,041$7,500$6,994$6,522$6,040
8 years$7,466$6,893$6,361$5,867$5,411$4,948
9 years$6,569$6,001$5,478$4,998$4,557$4,114
10 years$5,852$5,290$4,776$4,308$3,883$3,460
11 years$5,266$4,709$4,205$3,749$3,339$2,936
12 years$4,778$4,227$3,732$3,289$2,894$2,510
13 years$4,365$3,820$3,334$2,903$2,523$2,158
14 years$4,012$3,472$2,996$2,577$2,212$1,865
15 years$3,706$3,172$2,705$2,299$1,948$1,618
16 years$3,438$2,910$2,452$2,058$1,721$1,409
17 years$3,202$2,680$2,231$1,849$1,526$1,231
18 years$2,993$2,476$2,037$1,666$1,357$1,078
19 years$2,806$2,295$1,865$1,506$1,210$946
20 years$2,637$2,133$1,711$1,364$1,080$831
21 years$2,485$1,987$1,574$1,238$967$732
22 years$2,347$1,854$1,451$1,125$867$646
23 years$2,222$1,734$1,340$1,025$778$570
24 years$2,106$1,625$1,239$935$699$504
25 years$2,001$1,525$1,147$854$629$446
26 years$1,903$1,433$1,064$781$567$395
27 years$1,813$1,349$988$714$511$350
28 years$1,730$1,271$919$655$461$310
29 years$1,652$1,199$855$600$416$275
30 years$1,580$1,132$796$551$376$244
31 years$1,512$1,070$742$506$340$217
32 years$1,449$1,013$693$465$308$193
33 years$1,390$959$647$428$278$171
34 years$1,334$909$604$393$252$152
35 years$1,282$862$565$362$228$135
36 years$1,232$818$528$334$207$121
37 years$1,186$777$495$307$187$107
38 years$1,142$739$463$283$170$95
39 years$1,100$702$434$261$154$85
40 years$1,061$668$407$241$140$76
41 years$1,023$636$381$222$127$67
42 years$988$606$358$205$115$60
43 years$954$577$336$189$104$53
44 years$922$550$315$175$95$48
45 years$891$525$296$161$86$42
46 years$862$501$278$149$78$38
47 years$834$478$261$138$71$34
48 years$808$456$245$127$64$30
49 years$782$435$231$118$59$27
50 years$758$416$217$109$53$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $776,000, adding $4,674 every year, while hoping to spend $46,245 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: 39/38/23 Blend
59$776,000$776,000$776,000$776,000
60$859,973$818,845$806,817$887,473
61$898,486$809,764$784,641$898,705
62$939,378$798,689$760,173$906,151
63$982,841$785,471$733,285$913,276
64$1,029,089$769,957$703,848$920,080
65$1,078,352$751,982$671,724$926,564
66$1,130,887$731,371$636,769$932,733
67$1,186,969$707,941$598,833$938,598
68$1,246,905$681,495$557,759$944,176
69$1,311,029$651,828$513,383$949,488
70$1,379,707$618,720$465,535$954,565
71$1,453,342$581,942$414,034$959,444
72$1,532,373$541,248$358,695$964,174
73$1,617,286$496,379$299,322$968,813
74$1,708,611$447,064$235,711$973,433
75$1,806,931$393,012$167,650$978,118
76$1,912,888$333,919$94,915$982,969
77$2,027,184$269,463$17,277$988,105
78$2,150,592$199,302$0$993,666
79$2,283,962$123,078$0$1,015,907
80$2,428,227$40,409$0$1,044,491
81$2,584,414$0$0$1,075,455
82$2,753,649$0$0$1,129,649
83$2,937,173$0$0$1,206,829
84$3,136,351$0$0$1,290,682
85$3,352,681$0$0$1,381,853
86$3,587,814$0$0$1,481,049
87$3,843,566$0$0$1,589,046
88$4,121,933$0$0$1,706,703
89$4,425,112$0$0$1,834,962
90$4,755,522$0$0$1,974,859
91$5,115,824$0$0$2,127,537
92$5,508,946$0$0$2,294,253
93$5,938,114$0$0$2,476,389
94$6,406,875$0$0$2,675,468
95$6,919,136$0$0$2,893,169
96$7,479,199$0$0$3,131,336
97$8,091,800$0$0$3,392,002
98$8,762,151$0$0$3,677,407
99$9,495,996$0$0$3,990,014
100$10,299,656$0$0$4,332,539