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%13.1%
1 years$64,081$63,511$62,954$62,410$61,879$61,081
2 years$31,723$31,133$30,560$30,005$29,466$28,663
3 years$20,939$20,346$19,774$19,224$18,695$17,911
4 years$15,548$14,956$14,391$13,850$13,333$12,576
5 years$12,314$11,726$11,168$10,638$10,136$9,407
6 years$10,159$9,575$9,025$8,507$8,020$7,321
7 years$8,620$8,041$7,500$6,994$6,522$5,852
8 years$7,466$6,893$6,361$5,867$5,411$4,770
9 years$6,569$6,001$5,478$4,998$4,557$3,945
10 years$5,852$5,290$4,776$4,308$3,883$3,300
11 years$5,266$4,709$4,205$3,749$3,339$2,785
12 years$4,778$4,227$3,732$3,289$2,894$2,367
13 years$4,365$3,820$3,334$2,903$2,523$2,023
14 years$4,012$3,472$2,996$2,577$2,212$1,738
15 years$3,706$3,172$2,705$2,299$1,948$1,499
16 years$3,438$2,910$2,452$2,058$1,721$1,297
17 years$3,202$2,680$2,231$1,849$1,526$1,126
18 years$2,993$2,476$2,037$1,666$1,357$979
19 years$2,806$2,295$1,865$1,506$1,210$854
20 years$2,637$2,133$1,711$1,364$1,080$746
21 years$2,485$1,987$1,574$1,238$967$652
22 years$2,347$1,854$1,451$1,125$867$571
23 years$2,222$1,734$1,340$1,025$778$501
24 years$2,106$1,625$1,239$935$699$440
25 years$2,001$1,525$1,147$854$629$386
26 years$1,903$1,433$1,064$781$567$340
27 years$1,813$1,349$988$714$511$299
28 years$1,730$1,271$919$655$461$263
29 years$1,652$1,199$855$600$416$232
30 years$1,580$1,132$796$551$376$204
31 years$1,512$1,070$742$506$340$180
32 years$1,449$1,013$693$465$308$159
33 years$1,390$959$647$428$278$140
34 years$1,334$909$604$393$252$124
35 years$1,282$862$565$362$228$109
36 years$1,232$818$528$334$207$96
37 years$1,186$777$495$307$187$85
38 years$1,142$739$463$283$170$75
39 years$1,100$702$434$261$154$66
40 years$1,061$668$407$241$140$59
41 years$1,023$636$381$222$127$52
42 years$988$606$358$205$115$46
43 years$954$577$336$189$104$40
44 years$922$550$315$175$95$36
45 years$891$525$296$161$86$32
46 years$862$501$278$149$78$28
47 years$834$478$261$138$71$25
48 years$808$456$245$127$64$22
49 years$782$435$231$118$59$19
50 years$758$416$217$109$53$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $776,000, adding $2,659 every year, while hoping to spend $53,660 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: 67/9/24 Blend
59$776,000$776,000$776,000$776,000
60$857,895$816,767$804,739$909,915
61$888,306$799,695$774,604$928,116
62$920,021$779,987$741,661$941,646
63$953,116$757,459$705,759$955,200
64$987,673$731,914$666,741$968,779
65$1,023,781$703,143$624,442$982,390
66$1,061,536$670,926$578,690$996,041
67$1,101,041$635,031$529,305$1,009,741
68$1,142,410$595,210$476,100$1,023,504
69$1,185,765$551,204$418,877$1,037,346
70$1,231,236$502,736$357,433$1,051,290
71$1,278,968$449,516$291,553$1,065,359
72$1,329,116$391,236$221,014$1,079,584
73$1,381,850$327,570$145,582$1,094,003
74$1,437,353$258,176$65,013$1,108,659
75$1,495,826$182,689$0$1,123,601
76$1,557,487$100,728$0$1,144,259
77$1,622,574$11,886$0$1,183,449
78$1,691,345$0$0$1,224,654
79$1,764,084$0$0$1,276,386
80$1,841,100$0$0$1,332,427
81$1,922,729$0$0$1,391,849
82$2,009,340$0$0$1,454,922
83$2,101,335$0$0$1,521,944
84$2,199,157$0$0$1,593,238
85$2,303,286$0$0$1,669,160
86$2,414,250$0$0$1,750,099
87$2,532,627$0$0$1,836,480
88$2,659,051$0$0$1,928,770
89$2,794,215$0$0$2,027,480
90$2,938,880$0$0$2,133,170
91$3,093,880$0$0$2,246,456
92$3,260,130$0$0$2,368,012
93$3,438,633$0$0$2,498,577
94$3,630,492$0$0$2,638,965
95$3,836,916$0$0$2,790,066
96$4,059,233$0$0$2,952,861
97$4,298,901$0$0$3,128,424
98$4,557,522$0$0$3,317,937
99$4,836,856$0$0$3,522,698
100$5,138,839$0$0$3,744,135