Can I retire at age 60 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$64,247$63,674$63,116$62,571$62,039$61,751
2 years$31,805$31,213$30,639$30,082$29,542$29,252
3 years$20,993$20,398$19,825$19,274$18,743$18,459
4 years$15,588$14,995$14,428$13,886$13,368$13,092
5 years$12,346$11,756$11,197$10,666$10,162$9,896
6 years$10,185$9,600$9,048$8,529$8,041$7,784
7 years$8,642$8,062$7,519$7,012$6,539$6,293
8 years$7,485$6,910$6,377$5,883$5,425$5,188
9 years$6,586$6,017$5,492$5,011$4,569$4,341
10 years$5,867$5,303$4,788$4,319$3,893$3,675
11 years$5,280$4,721$4,216$3,759$3,348$3,140
12 years$4,790$4,238$3,741$3,297$2,901$2,702
13 years$4,376$3,830$3,343$2,911$2,530$2,340
14 years$4,022$3,481$3,003$2,584$2,218$2,037
15 years$3,715$3,180$2,712$2,304$1,953$1,781
16 years$3,447$2,918$2,458$2,063$1,726$1,562
17 years$3,210$2,687$2,237$1,854$1,530$1,375
18 years$3,000$2,483$2,042$1,671$1,361$1,213
19 years$2,813$2,301$1,870$1,510$1,213$1,073
20 years$2,644$2,138$1,716$1,367$1,083$951
21 years$2,492$1,992$1,578$1,241$969$844
22 years$2,353$1,859$1,455$1,128$869$751
23 years$2,227$1,739$1,343$1,028$780$668
24 years$2,112$1,629$1,242$937$701$596
25 years$2,006$1,529$1,150$856$631$532
26 years$1,908$1,437$1,067$783$568$475
27 years$1,818$1,352$991$716$512$424
28 years$1,734$1,274$921$656$462$380
29 years$1,656$1,202$857$602$417$340
30 years$1,584$1,135$798$552$377$304
31 years$1,516$1,073$744$507$341$273
32 years$1,453$1,016$694$466$308$245
33 years$1,393$962$648$429$279$219
34 years$1,338$911$606$394$253$197
35 years$1,285$865$566$363$229$177
36 years$1,236$821$530$334$207$159
37 years$1,189$779$496$308$188$142
38 years$1,145$741$464$284$170$128
39 years$1,103$704$435$262$155$115
40 years$1,064$670$408$242$140$103
41 years$1,026$638$382$223$127$93
42 years$991$607$359$206$115$83
43 years$957$579$337$190$105$75
44 years$924$552$316$175$95$67
45 years$894$526$297$162$86$61
46 years$864$502$279$150$78$55
47 years$836$479$262$138$71$49
48 years$810$457$246$128$65$44
49 years$784$437$231$118$59$40
50 years$760$417$217$109$53$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $778,000, adding $4,982 every year, while hoping to spend $55,440 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: 54/23/23 Blend
59$778,000$778,000$778,000$778,000
60$862,495$821,261$809,202$903,370
61$891,482$802,515$777,322$913,267
62$921,567$780,992$742,517$917,842
63$952,804$756,499$704,629$921,657
64$985,251$728,827$663,494$924,657
65$1,018,968$697,761$618,943$926,787
66$1,054,020$663,069$570,795$927,987
67$1,090,478$624,507$518,864$928,195
68$1,128,416$581,818$462,956$927,348
69$1,167,916$534,728$402,866$925,379
70$1,209,063$482,950$338,382$922,220
71$1,251,951$426,177$269,281$917,801
72$1,296,679$364,090$195,331$912,048
73$1,343,357$296,346$116,291$904,885
74$1,392,099$222,587$31,907$896,236
75$1,443,033$142,433$0$886,021
76$1,496,293$55,483$0$888,429
77$1,552,027$0$0$898,391
78$1,610,394$0$0$917,846
79$1,671,566$0$0$952,973
80$1,735,731$0$0$989,841
81$1,803,090$0$0$1,028,570
82$1,873,866$0$0$1,069,288
83$1,948,296$0$0$1,112,137
84$2,026,643$0$0$1,157,270
85$2,109,188$0$0$1,204,856
86$2,196,242$0$0$1,255,076
87$2,288,141$0$0$1,308,130
88$2,385,252$0$0$1,364,233
89$2,487,975$0$0$1,423,624
90$2,596,748$0$0$1,486,559
91$2,712,048$0$0$1,553,323
92$2,834,398$0$0$1,624,223
93$2,964,367$0$0$1,699,597
94$3,102,581$0$0$1,779,815
95$3,249,721$0$0$1,865,282
96$3,406,536$0$0$1,956,440
97$3,573,845$0$0$2,053,774
98$3,752,544$0$0$2,157,816
99$3,943,616$0$0$2,269,149
100$4,148,140$0$0$2,388,412