Can I retire at age 60 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$64,164$63,592$63,035$62,491$61,959$59,880
2 years$31,764$31,173$30,599$30,044$29,504$27,430
3 years$20,966$20,372$19,800$19,249$18,719$16,715
4 years$15,568$14,975$14,409$13,868$13,350$11,432
5 years$12,330$11,741$11,182$10,652$10,149$8,321
6 years$10,172$9,587$9,037$8,518$8,030$6,294
7 years$8,631$8,051$7,510$7,003$6,531$4,886
8 years$7,476$6,902$6,369$5,875$5,418$3,864
9 years$6,578$6,009$5,485$5,004$4,563$3,097
10 years$5,860$5,297$4,782$4,314$3,888$2,508
11 years$5,273$4,715$4,210$3,754$3,344$2,048
12 years$4,784$4,232$3,737$3,293$2,897$1,682
13 years$4,371$3,825$3,338$2,907$2,527$1,389
14 years$4,017$3,477$3,000$2,581$2,215$1,152
15 years$3,710$3,176$2,708$2,301$1,950$958
16 years$3,442$2,914$2,455$2,061$1,723$799
17 years$3,206$2,684$2,234$1,852$1,528$668
18 years$2,997$2,480$2,040$1,669$1,359$559
19 years$2,809$2,298$1,867$1,508$1,211$469
20 years$2,641$2,136$1,714$1,366$1,082$394
21 years$2,489$1,989$1,576$1,239$968$331
22 years$2,350$1,857$1,453$1,127$868$279
23 years$2,224$1,737$1,341$1,026$779$235
24 years$2,109$1,627$1,240$936$700$198
25 years$2,003$1,527$1,149$855$630$167
26 years$1,906$1,435$1,066$782$567$140
27 years$1,815$1,351$989$715$512$119
28 years$1,732$1,273$920$655$462$100
29 years$1,654$1,201$856$601$417$84
30 years$1,582$1,134$797$552$377$71
31 years$1,514$1,072$743$507$341$60
32 years$1,451$1,014$694$466$308$51
33 years$1,391$960$648$428$279$43
34 years$1,336$910$605$394$252$36
35 years$1,283$863$566$363$229$31
36 years$1,234$820$529$334$207$26
37 years$1,187$778$495$308$188$22
38 years$1,143$740$464$284$170$18
39 years$1,102$703$435$262$154$16
40 years$1,062$669$407$241$140$13
41 years$1,025$637$382$223$127$11
42 years$989$607$358$205$115$9
43 years$955$578$336$190$105$8
44 years$923$551$316$175$95$7
45 years$892$525$296$162$86$6
46 years$863$501$278$149$78$5
47 years$835$478$261$138$71$4
48 years$809$457$246$127$65$3
49 years$783$436$231$118$59$3
50 years$759$417$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $777,000, adding $5,513 every year, while hoping to spend $25,786 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: 27/47/26 Blend
59$777,000$777,000$777,000$777,000
60$861,941$820,760$808,716$878,094
61$922,423$833,541$808,372$904,262
62$988,209$846,084$807,152$929,744
63$1,059,815$858,350$805,000$956,572
64$1,137,805$870,298$801,856$984,877
65$1,222,801$881,883$797,658$1,014,807
66$1,315,488$893,057$792,342$1,046,524
67$1,416,621$903,769$785,838$1,080,208
68$1,527,027$913,965$778,075$1,116,061
69$1,647,622$923,588$768,978$1,154,306
70$1,779,410$932,573$758,469$1,195,191
71$1,923,497$940,857$746,466$1,238,989
72$2,081,103$948,368$732,881$1,286,006
73$2,253,569$955,032$717,626$1,336,580
74$2,442,373$960,768$700,607$1,391,085
75$2,649,141$965,492$681,723$1,449,939
76$2,875,666$969,113$660,873$1,513,601
77$3,123,919$971,536$637,948$1,582,582
78$3,396,076$972,658$612,836$1,657,448
79$3,694,528$972,370$585,418$1,738,827
80$4,021,911$970,558$555,571$1,827,413
81$4,381,130$967,099$523,167$1,923,975
82$4,775,382$961,864$488,070$2,029,364
83$5,208,191$954,715$450,140$2,144,523
84$5,683,435$945,505$409,229$2,270,495
85$6,205,392$934,081$365,184$2,408,434
86$6,778,768$920,277$317,844$2,559,618
87$7,408,752$903,921$267,041$2,725,460
88$8,101,059$884,827$212,602$2,907,521
89$8,861,985$862,801$154,341$3,107,531
90$9,698,465$837,636$92,070$3,327,399
91$10,618,142$809,114$25,588$3,569,239
92$11,629,435$777,003$0$3,835,386
93$12,741,619$741,058$0$4,141,004
94$13,964,915$701,020$0$4,484,755
95$15,310,582$656,616$0$4,862,748
96$16,791,025$607,554$0$5,278,531
97$18,419,916$553,530$0$5,736,020
98$20,212,313$494,219$0$6,239,535
99$22,184,813$429,279$0$6,793,845
100$24,355,699$358,349$0$7,404,211