Can I retire at age 60 with 780,000?

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 $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%12.7%
1 years$64,412$63,838$63,278$62,732$62,198$61,498
2 years$31,887$31,293$30,718$30,160$29,618$28,913
3 years$21,047$20,450$19,876$19,323$18,791$18,103
4 years$15,628$15,033$14,465$13,921$13,402$12,736
5 years$12,377$11,786$11,225$10,693$10,188$9,547
6 years$10,211$9,624$9,072$8,551$8,061$7,445
7 years$8,664$8,082$7,539$7,031$6,556$5,965
8 years$7,505$6,928$6,393$5,898$5,439$4,874
9 years$6,603$6,032$5,507$5,024$4,580$4,040
10 years$5,882$5,317$4,801$4,330$3,903$3,388
11 years$5,293$4,734$4,227$3,769$3,356$2,866
12 years$4,803$4,249$3,751$3,306$2,909$2,442
13 years$4,388$3,839$3,351$2,918$2,536$2,093
14 years$4,032$3,490$3,011$2,591$2,223$1,803
15 years$3,725$3,188$2,719$2,310$1,958$1,559
16 years$3,456$2,925$2,465$2,069$1,730$1,353
17 years$3,219$2,694$2,243$1,859$1,534$1,177
18 years$3,008$2,489$2,047$1,675$1,364$1,027
19 years$2,820$2,307$1,874$1,514$1,216$898
20 years$2,651$2,144$1,720$1,371$1,086$787
21 years$2,498$1,997$1,582$1,244$972$690
22 years$2,359$1,864$1,458$1,131$871$606
23 years$2,233$1,743$1,346$1,030$782$533
24 years$2,117$1,633$1,245$940$703$470
25 years$2,011$1,533$1,153$858$632$414
26 years$1,913$1,441$1,070$785$570$365
27 years$1,822$1,356$993$718$514$322
28 years$1,738$1,278$923$658$463$285
29 years$1,660$1,205$859$603$418$252
30 years$1,588$1,138$800$554$378$222
31 years$1,520$1,076$746$509$342$197
32 years$1,456$1,018$696$467$309$174
33 years$1,397$964$650$430$280$154
34 years$1,341$914$607$395$253$136
35 years$1,288$867$568$364$229$121
36 years$1,239$823$531$335$208$107
37 years$1,192$781$497$309$188$95
38 years$1,148$743$466$285$171$84
39 years$1,106$706$436$263$155$74
40 years$1,066$672$409$242$141$66
41 years$1,029$639$383$223$127$58
42 years$993$609$360$206$116$52
43 years$959$580$337$190$105$46
44 years$927$553$317$176$95$41
45 years$896$527$297$162$87$36
46 years$867$503$279$150$79$32
47 years$839$480$262$139$71$28
48 years$812$458$247$128$65$25
49 years$786$438$232$118$59$22
50 years$762$418$218$109$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $780,000, adding $5,529 every year, while hoping to spend $53,596 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: 51/37/12 Blend
59$780,000$780,000$780,000$780,000
60$865,263$823,923$811,833$906,345
61$896,494$807,270$782,004$918,387
62$929,115$788,004$749,379$925,330
63$963,209$765,941$713,808$931,654
64$998,871$740,886$675,135$937,318
65$1,036,198$712,632$633,194$942,275
66$1,075,299$680,960$587,815$946,480
67$1,116,290$645,638$538,818$949,888
68$1,159,299$606,421$486,015$952,451
69$1,204,463$563,052$429,213$954,121
70$1,251,932$515,255$368,205$954,853
71$1,301,868$462,741$302,778$954,598
72$1,354,448$405,204$232,711$953,309
73$1,409,864$342,322$157,769$950,940
74$1,468,327$273,752$77,711$947,448
75$1,530,064$199,134$0$942,789
76$1,595,326$118,087$0$937,911
77$1,664,384$30,208$0$942,472
78$1,737,535$0$0$946,513
79$1,815,105$0$0$976,476
80$1,897,447$0$0$1,021,380
81$1,984,950$0$0$1,069,140
82$2,078,038$0$0$1,119,994
83$2,177,176$0$0$1,174,203
84$2,282,872$0$0$1,232,049
85$2,395,683$0$0$1,293,846
86$2,516,220$0$0$1,359,934
87$2,645,151$0$0$1,430,687
88$2,783,209$0$0$1,506,517
89$2,931,200$0$0$1,587,873
90$3,090,005$0$0$1,675,250
91$3,260,592$0$0$1,769,189
92$3,444,025$0$0$1,870,287
93$3,641,469$0$0$1,979,197
94$3,854,207$0$0$2,096,637
95$4,083,645$0$0$2,223,397
96$4,331,329$0$0$2,360,342
97$4,598,959$0$0$2,508,426
98$4,888,401$0$0$2,668,695
99$5,201,706$0$0$2,842,300
100$5,541,132$0$0$3,030,508