Can I retire at age 60 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$64,412$63,838$63,278$62,732$62,198$59,991
2 years$31,887$31,293$30,718$30,160$29,618$27,418
3 years$21,047$20,450$19,876$19,323$18,791$16,667
4 years$15,628$15,033$14,465$13,921$13,402$11,371
5 years$12,377$11,786$11,225$10,693$10,188$8,254
6 years$10,211$9,624$9,072$8,551$8,061$6,227
7 years$8,664$8,082$7,539$7,031$6,556$4,820
8 years$7,505$6,928$6,393$5,898$5,439$3,800
9 years$6,603$6,032$5,507$5,024$4,580$3,037
10 years$5,882$5,317$4,801$4,330$3,903$2,452
11 years$5,293$4,734$4,227$3,769$3,356$1,995
12 years$4,803$4,249$3,751$3,306$2,909$1,634
13 years$4,388$3,839$3,351$2,918$2,536$1,344
14 years$4,032$3,490$3,011$2,591$2,223$1,111
15 years$3,725$3,188$2,719$2,310$1,958$921
16 years$3,456$2,925$2,465$2,069$1,730$765
17 years$3,219$2,694$2,243$1,859$1,534$637
18 years$3,008$2,489$2,047$1,675$1,364$532
19 years$2,820$2,307$1,874$1,514$1,216$444
20 years$2,651$2,144$1,720$1,371$1,086$372
21 years$2,498$1,997$1,582$1,244$972$311
22 years$2,359$1,864$1,458$1,131$871$261
23 years$2,233$1,743$1,346$1,030$782$219
24 years$2,117$1,633$1,245$940$703$184
25 years$2,011$1,533$1,153$858$632$154
26 years$1,913$1,441$1,070$785$570$129
27 years$1,822$1,356$993$718$514$109
28 years$1,738$1,278$923$658$463$91
29 years$1,660$1,205$859$603$418$77
30 years$1,588$1,138$800$554$378$65
31 years$1,520$1,076$746$509$342$54
32 years$1,456$1,018$696$467$309$46
33 years$1,397$964$650$430$280$38
34 years$1,341$914$607$395$253$32
35 years$1,288$867$568$364$229$27
36 years$1,239$823$531$335$208$23
37 years$1,192$781$497$309$188$19
38 years$1,148$743$466$285$171$16
39 years$1,106$706$436$263$155$14
40 years$1,066$672$409$242$141$11
41 years$1,029$639$383$223$127$10
42 years$993$609$360$206$116$8
43 years$959$580$337$190$105$7
44 years$927$553$317$176$95$6
45 years$896$527$297$162$87$5
46 years$867$503$279$150$79$4
47 years$839$480$262$139$71$3
48 years$812$458$247$128$65$3
49 years$786$438$232$118$59$2
50 years$762$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $780,000, adding $2,932 every year, while hoping to spend $37,215 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: 24/50/26 Blend
59$780,000$780,000$780,000$780,000
60$862,584$821,244$809,154$876,132
61$910,971$821,889$796,665$888,371
62$963,047$821,318$782,509$898,112
63$1,019,147$819,432$766,593$907,758
64$1,079,643$816,127$748,816$917,324
65$1,144,940$811,290$729,075$926,831
66$1,215,486$804,805$707,261$936,308
67$1,291,770$796,546$683,259$945,786
68$1,374,333$786,379$656,951$955,307
69$1,463,768$774,165$628,212$964,921
70$1,560,727$759,753$596,911$974,688
71$1,665,927$742,987$562,914$984,677
72$1,780,156$723,698$526,076$994,970
73$1,904,283$701,710$486,250$1,005,666
74$2,039,260$676,834$443,280$1,016,876
75$2,186,139$648,873$397,004$1,028,729
76$2,346,074$617,616$347,252$1,041,377
77$2,520,336$582,842$293,847$1,054,991
78$2,710,324$544,315$236,605$1,069,768
79$2,917,577$501,787$175,332$1,085,934
80$3,143,791$454,995$109,826$1,103,744
81$3,390,830$403,662$39,878$1,123,491
82$3,660,747$347,495$0$1,145,504
83$3,955,804$286,183$0$1,179,803
84$4,278,489$219,399$0$1,229,598
85$4,631,543$146,797$0$1,284,357
86$5,017,982$68,012$0$1,344,685
87$5,441,130$0$0$1,411,260
88$5,904,646$0$0$1,494,375
89$6,412,558$0$0$1,626,589
90$6,969,305$0$0$1,771,651
91$7,579,774$0$0$1,930,852
92$8,249,348$0$0$2,105,615
93$8,983,957$0$0$2,297,505
94$9,790,131$0$0$2,508,247
95$10,675,064$0$0$2,739,741
96$11,646,679$0$0$2,994,081
97$12,713,706$0$0$3,273,572
98$13,885,761$0$0$3,580,755
99$15,173,436$0$0$3,918,429
100$16,588,400$0$0$4,289,677