Can I retire at age 60 with 779,000?

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 $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%14.5%
1 years$64,329$63,756$63,197$62,651$62,119$60,964
2 years$31,846$31,253$30,678$30,121$29,580$28,421
3 years$21,020$20,424$19,851$19,299$18,767$17,640
4 years$15,608$15,014$14,446$13,904$13,385$12,298
5 years$12,361$11,771$11,211$10,679$10,175$9,132
6 years$10,198$9,612$9,060$8,540$8,051$7,053
7 years$8,653$8,072$7,529$7,021$6,548$5,594
8 years$7,495$6,919$6,385$5,890$5,432$4,523
9 years$6,595$6,025$5,500$5,017$4,574$3,710
10 years$5,875$5,310$4,795$4,325$3,898$3,077
11 years$5,286$4,727$4,221$3,764$3,352$2,574
12 years$4,796$4,243$3,746$3,301$2,905$2,168
13 years$4,382$3,835$3,347$2,915$2,533$1,836
14 years$4,027$3,485$3,007$2,587$2,221$1,563
15 years$3,720$3,184$2,715$2,307$1,955$1,335
16 years$3,451$2,921$2,462$2,066$1,728$1,144
17 years$3,215$2,690$2,240$1,856$1,532$983
18 years$3,004$2,486$2,045$1,673$1,362$847
19 years$2,816$2,304$1,872$1,512$1,214$731
20 years$2,648$2,141$1,718$1,369$1,085$631
21 years$2,495$1,994$1,580$1,243$971$546
22 years$2,356$1,862$1,456$1,130$870$474
23 years$2,230$1,741$1,345$1,029$781$411
24 years$2,115$1,631$1,244$938$702$357
25 years$2,008$1,531$1,152$857$632$310
26 years$1,911$1,439$1,068$784$569$269
27 years$1,820$1,354$992$717$513$234
28 years$1,736$1,276$922$657$463$204
29 years$1,658$1,204$858$603$418$178
30 years$1,586$1,137$799$553$378$155
31 years$1,518$1,075$745$508$341$135
32 years$1,455$1,017$695$467$309$118
33 years$1,395$963$649$429$279$103
34 years$1,339$913$607$395$253$89
35 years$1,287$866$567$364$229$78
36 years$1,237$822$531$335$208$68
37 years$1,191$780$497$309$188$59
38 years$1,146$742$465$284$171$52
39 years$1,105$705$436$262$155$45
40 years$1,065$671$408$242$140$39
41 years$1,027$639$383$223$127$34
42 years$992$608$359$206$116$30
43 years$958$580$337$190$105$26
44 years$926$552$316$176$95$23
45 years$895$527$297$162$86$20
46 years$865$503$279$150$78$17
47 years$837$480$262$138$71$15
48 years$811$458$246$128$65$13
49 years$785$437$232$118$59$12
50 years$761$418$218$109$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $779,000, adding $5,251 every year, while hoping to spend $41,168 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: 35/38/27 Blend
59$779,000$779,000$779,000$779,000
60$863,874$822,587$810,513$886,923
61$908,187$819,092$793,863$901,093
62$955,640$814,045$775,275$912,285
63$1,006,510$807,328$754,641$923,560
64$1,061,100$798,813$731,848$934,954
65$1,119,745$788,367$706,777$946,509
66$1,182,809$775,848$679,304$958,275
67$1,250,694$761,103$649,300$970,311
68$1,323,842$743,974$616,628$982,684
69$1,402,737$724,291$581,148$995,476
70$1,487,910$701,876$542,711$1,008,779
71$1,579,947$676,538$501,162$1,022,699
72$1,679,491$648,077$456,340$1,037,359
73$1,787,247$616,281$408,075$1,052,901
74$1,903,992$580,925$356,192$1,069,485
75$2,030,580$541,771$300,505$1,087,295
76$2,167,951$498,569$240,823$1,106,539
77$2,317,136$451,053$176,945$1,127,453
78$2,479,271$398,943$108,661$1,150,305
79$2,655,607$341,941$35,751$1,175,399
80$2,847,518$279,735$0$1,203,076
81$3,056,516$211,994$0$1,245,836
82$3,284,267$138,367$0$1,303,778
83$3,532,602$58,487$0$1,367,148
84$3,803,537$0$0$1,436,568
85$4,099,291$0$0$1,524,454
86$4,422,308$0$0$1,647,258
87$4,775,277$0$0$1,781,557
88$5,161,158$0$0$1,928,493
89$5,583,212$0$0$2,089,321
90$6,045,027$0$0$2,265,423
91$6,550,555$0$0$2,458,322
92$7,104,149$0$0$2,669,694
93$7,710,600$0$0$2,901,385
94$8,375,187$0$0$3,155,430
95$9,103,722$0$0$3,434,067
96$9,902,607$0$0$3,739,764
97$10,778,894$0$0$4,075,238
98$11,740,347$0$0$4,443,482
99$12,795,522$0$0$4,847,793
100$13,953,840$0$0$5,291,802