Can I retire at age 60 with 777,000?

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 $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%
1 years$64,164$63,592$63,035$62,491$61,959$59,952
2 years$31,764$31,173$30,599$30,044$29,504$27,501
3 years$20,966$20,372$19,800$19,249$18,719$16,782
4 years$15,568$14,975$14,409$13,868$13,350$11,495
5 years$12,330$11,741$11,182$10,652$10,149$8,380
6 years$10,172$9,587$9,037$8,518$8,030$6,349
7 years$8,631$8,051$7,510$7,003$6,531$4,938
8 years$7,476$6,902$6,369$5,875$5,418$3,912
9 years$6,578$6,009$5,485$5,004$4,563$3,141
10 years$5,860$5,297$4,782$4,314$3,888$2,549
11 years$5,273$4,715$4,210$3,754$3,344$2,085
12 years$4,784$4,232$3,737$3,293$2,897$1,716
13 years$4,371$3,825$3,338$2,907$2,527$1,420
14 years$4,017$3,477$3,000$2,581$2,215$1,180
15 years$3,710$3,176$2,708$2,301$1,950$983
16 years$3,442$2,914$2,455$2,061$1,723$822
17 years$3,206$2,684$2,234$1,852$1,528$689
18 years$2,997$2,480$2,040$1,669$1,359$578
19 years$2,809$2,298$1,867$1,508$1,211$486
20 years$2,641$2,136$1,714$1,366$1,082$409
21 years$2,489$1,989$1,576$1,239$968$345
22 years$2,350$1,857$1,453$1,127$868$291
23 years$2,224$1,737$1,341$1,026$779$245
24 years$2,109$1,627$1,240$936$700$207
25 years$2,003$1,527$1,149$855$630$175
26 years$1,906$1,435$1,066$782$567$148
27 years$1,815$1,351$989$715$512$125
28 years$1,732$1,273$920$655$462$106
29 years$1,654$1,201$856$601$417$90
30 years$1,582$1,134$797$552$377$76
31 years$1,514$1,072$743$507$341$64
32 years$1,451$1,014$694$466$308$54
33 years$1,391$960$648$428$279$46
34 years$1,336$910$605$394$252$39
35 years$1,283$863$566$363$229$33
36 years$1,234$820$529$334$207$28
37 years$1,187$778$495$308$188$24
38 years$1,143$740$464$284$170$20
39 years$1,102$703$435$262$154$17
40 years$1,062$669$407$241$140$14
41 years$1,025$637$382$223$127$12
42 years$989$607$358$205$115$10
43 years$955$578$336$190$105$9
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$5
48 years$809$457$246$127$65$4
49 years$783$436$231$118$59$3
50 years$759$417$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $777,000, adding $2,160 every year, while hoping to spend $33,599 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: 48/46/6 Blend
59$777,000$777,000$777,000$777,000
60$858,482$817,301$805,258$898,253
61$910,298$821,600$796,485$929,984
62$966,273$824,983$786,292$960,676
63$1,026,797$827,370$774,596$993,202
64$1,092,295$828,677$761,310$1,027,743
65$1,163,238$828,811$746,343$1,064,497
66$1,240,143$827,677$729,600$1,103,684
67$1,323,577$825,173$710,981$1,145,551
68$1,414,165$821,189$690,381$1,190,369
69$1,512,593$815,611$667,693$1,238,438
70$1,619,618$808,317$642,801$1,290,093
71$1,736,071$799,176$615,587$1,345,703
72$1,862,867$788,052$585,926$1,405,679
73$2,001,012$774,799$553,687$1,470,474
74$2,151,614$759,263$518,734$1,540,592
75$2,315,892$741,280$480,925$1,616,590
76$2,495,188$720,678$440,111$1,699,086
77$2,690,979$697,273$396,136$1,788,763
78$2,904,891$670,872$348,839$1,886,377
79$3,138,714$641,269$298,050$1,992,767
80$3,394,419$608,247$243,591$2,108,858
81$3,674,176$571,578$185,277$2,235,677
82$3,980,374$531,017$122,916$2,374,359
83$4,315,645$486,310$56,307$2,526,158
84$4,682,886$437,184$0$2,692,465
85$5,085,287$383,352$0$2,875,761
86$5,526,362$324,513$0$3,080,707
87$6,009,982$260,345$0$3,305,587
88$6,540,409$190,510$0$3,552,493
89$7,122,337$114,652$0$3,823,736
90$7,760,939$32,394$0$4,121,868
91$8,461,911$0$0$4,449,712
92$9,231,526$0$0$4,839,066
93$10,076,696$0$0$5,284,740
94$11,005,036$0$0$5,774,363
95$12,024,933$0$0$6,312,372
96$13,145,627$0$0$6,903,651
97$14,377,297$0$0$7,553,585
98$15,731,159$0$0$8,268,104
99$17,219,566$0$0$9,053,741
100$18,856,132$0$0$9,917,695