Can I retire at age 60 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$64,329$63,756$63,197$62,651$62,119$60,372
2 years$31,846$31,253$30,678$30,121$29,580$27,834
3 years$21,020$20,424$19,851$19,299$18,767$17,076
4 years$15,608$15,014$14,446$13,904$13,385$11,761
5 years$12,361$11,771$11,211$10,679$10,175$8,624
6 years$10,198$9,612$9,060$8,540$8,051$6,574
7 years$8,653$8,072$7,529$7,021$6,548$5,144
8 years$7,495$6,919$6,385$5,890$5,432$4,102
9 years$6,595$6,025$5,500$5,017$4,574$3,316
10 years$5,875$5,310$4,795$4,325$3,898$2,709
11 years$5,286$4,727$4,221$3,764$3,352$2,232
12 years$4,796$4,243$3,746$3,301$2,905$1,851
13 years$4,382$3,835$3,347$2,915$2,533$1,543
14 years$4,027$3,485$3,007$2,587$2,221$1,291
15 years$3,720$3,184$2,715$2,307$1,955$1,085
16 years$3,451$2,921$2,462$2,066$1,728$914
17 years$3,215$2,690$2,240$1,856$1,532$772
18 years$3,004$2,486$2,045$1,673$1,362$653
19 years$2,816$2,304$1,872$1,512$1,214$554
20 years$2,648$2,141$1,718$1,369$1,085$470
21 years$2,495$1,994$1,580$1,243$971$399
22 years$2,356$1,862$1,456$1,130$870$340
23 years$2,230$1,741$1,345$1,029$781$289
24 years$2,115$1,631$1,244$938$702$246
25 years$2,008$1,531$1,152$857$632$210
26 years$1,911$1,439$1,068$784$569$179
27 years$1,820$1,354$992$717$513$153
28 years$1,736$1,276$922$657$463$130
29 years$1,658$1,204$858$603$418$111
30 years$1,586$1,137$799$553$378$95
31 years$1,518$1,075$745$508$341$81
32 years$1,455$1,017$695$467$309$69
33 years$1,395$963$649$429$279$59
34 years$1,339$913$607$395$253$51
35 years$1,287$866$567$364$229$43
36 years$1,237$822$531$335$208$37
37 years$1,191$780$497$309$188$32
38 years$1,146$742$465$284$171$27
39 years$1,105$705$436$262$155$23
40 years$1,065$671$408$242$140$20
41 years$1,027$639$383$223$127$17
42 years$992$608$359$206$116$14
43 years$958$580$337$190$105$12
44 years$926$552$316$176$95$11
45 years$895$527$297$162$86$9
46 years$865$503$279$150$78$8
47 years$837$480$262$138$71$7
48 years$811$458$246$128$65$6
49 years$785$437$232$118$59$5
50 years$761$418$218$109$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $779,000, adding $4,290 every year, while hoping to spend $52,824 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: 46/45/9 Blend
59$779,000$779,000$779,000$779,000
60$862,883$821,596$809,522$900,226
61$894,693$805,650$780,436$910,483
62$927,977$787,152$748,606$915,790
63$962,829$765,922$713,883$920,337
64$999,353$741,767$676,114$924,072
65$1,037,660$714,486$635,136$926,941
66$1,077,869$683,864$590,781$928,887
67$1,120,112$649,674$542,873$929,854
68$1,164,532$611,676$491,227$929,784
69$1,211,282$569,616$435,651$928,618
70$1,260,532$523,226$375,945$926,295
71$1,312,465$472,223$311,898$922,756
72$1,367,281$416,307$243,291$917,940
73$1,425,198$355,160$169,896$911,788
74$1,486,454$288,449$91,473$904,239
75$1,551,309$215,819$7,773$895,236
76$1,620,045$136,897$0$884,721
77$1,692,974$51,289$0$880,472
78$1,770,433$0$0$875,912
79$1,852,794$0$0$890,786
80$1,940,461$0$0$933,701
81$2,033,879$0$0$979,483
82$2,133,533$0$0$1,028,376
83$2,239,957$0$0$1,080,650
84$2,353,733$0$0$1,136,598
85$2,475,501$0$0$1,196,543
86$2,605,962$0$0$1,260,839
87$2,745,887$0$0$1,329,874
88$2,896,118$0$0$1,404,074
89$3,057,583$0$0$1,483,907
90$3,231,298$0$0$1,569,886
91$3,418,380$0$0$1,662,576
92$3,620,055$0$0$1,762,596
93$3,837,670$0$0$1,870,626
94$4,072,706$0$0$1,987,416
95$4,326,789$0$0$2,113,786
96$4,601,707$0$0$2,250,641
97$4,899,424$0$0$2,398,975
98$5,222,100$0$0$2,559,880
99$5,572,113$0$0$2,734,558
100$5,952,073$0$0$2,924,331