Can I retire at age 60 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$64,494$63,920$63,359$62,812$62,278$61,860
2 years$31,928$31,333$30,757$30,198$29,656$29,234
3 years$21,074$20,477$19,902$19,348$18,815$18,403
4 years$15,648$15,052$14,483$13,939$13,419$13,019
5 years$12,393$11,801$11,240$10,707$10,201$9,815
6 years$10,224$9,637$9,083$8,562$8,072$7,700
7 years$8,675$8,093$7,548$7,040$6,564$6,207
8 years$7,514$6,937$6,402$5,905$5,446$5,103
9 years$6,612$6,040$5,514$5,030$4,586$4,258
10 years$5,890$5,324$4,807$4,336$3,908$3,594
11 years$5,300$4,740$4,232$3,774$3,361$3,061
12 years$4,809$4,254$3,756$3,310$2,912$2,626
13 years$4,393$3,844$3,356$2,922$2,540$2,267
14 years$4,037$3,494$3,015$2,594$2,226$1,967
15 years$3,729$3,192$2,722$2,313$1,960$1,714
16 years$3,460$2,929$2,468$2,071$1,732$1,498
17 years$3,223$2,697$2,246$1,861$1,536$1,314
18 years$3,012$2,492$2,050$1,677$1,366$1,155
19 years$2,824$2,310$1,877$1,516$1,217$1,018
20 years$2,654$2,147$1,722$1,373$1,087$899
21 years$2,501$1,999$1,584$1,246$973$795
22 years$2,363$1,866$1,460$1,133$872$705
23 years$2,236$1,746$1,348$1,032$783$625
24 years$2,120$1,636$1,247$941$704$555
25 years$2,014$1,535$1,155$859$633$493
26 years$1,915$1,443$1,071$786$570$439
27 years$1,825$1,358$995$719$514$391
28 years$1,741$1,279$925$659$464$348
29 years$1,663$1,207$860$604$419$310
30 years$1,590$1,140$801$554$379$277
31 years$1,522$1,077$747$509$342$247
32 years$1,458$1,019$697$468$310$221
33 years$1,399$965$651$430$280$197
34 years$1,343$915$608$396$254$176
35 years$1,290$868$569$365$230$157
36 years$1,240$824$532$336$208$141
37 years$1,194$782$498$309$189$126
38 years$1,149$744$466$285$171$113
39 years$1,107$707$437$263$155$101
40 years$1,068$673$409$242$141$90
41 years$1,030$640$384$224$128$81
42 years$994$610$360$206$116$72
43 years$960$581$338$191$105$65
44 years$928$554$317$176$95$58
45 years$897$528$298$163$87$52
46 years$868$504$280$150$79$46
47 years$840$481$263$139$71$42
48 years$813$459$247$128$65$37
49 years$787$438$232$118$59$33
50 years$763$419$218$109$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $781,000, adding $2,882 every year, while hoping to spend $26,714 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: 54/17/29 Blend
59$781,000$781,000$781,000$781,000
60$863,635$822,242$810,136$903,155
61$923,302$834,108$808,852$942,689
62$988,160$845,661$806,630$982,744
63$1,058,710$856,856$803,410$1,025,826
64$1,135,503$867,647$799,129$1,072,235
65$1,219,147$877,984$793,722$1,122,304
66$1,310,309$887,814$787,121$1,176,401
67$1,409,724$897,080$779,252$1,234,932
68$1,518,200$905,721$770,042$1,298,343
69$1,636,629$913,674$759,411$1,367,131
70$1,765,990$920,869$747,276$1,441,841
71$1,907,362$927,233$733,551$1,523,077
72$2,061,933$932,687$718,145$1,611,504
73$2,231,012$937,150$700,964$1,707,857
74$2,416,037$940,532$681,909$1,812,949
75$2,618,595$942,741$660,874$1,927,675
76$2,840,431$943,675$637,754$2,053,023
77$3,083,469$943,229$612,433$2,190,086
78$3,349,827$941,291$584,793$2,340,068
79$3,641,836$937,741$554,710$2,504,298
80$3,962,065$932,452$522,054$2,684,244
81$4,313,343$925,290$486,691$2,881,525
82$4,698,787$916,112$448,478$3,097,927
83$5,121,829$904,767$407,268$3,335,422
84$5,586,251$891,095$362,906$3,596,185
85$6,096,215$874,926$315,231$3,882,616
86$6,656,312$856,080$264,074$4,197,363
87$7,271,594$834,367$209,258$4,543,346
88$7,947,630$809,584$150,602$4,923,788
89$8,690,553$781,518$87,911$5,342,244
90$9,507,120$749,943$20,987$5,802,634
91$10,404,776$714,620$0$6,309,283
92$11,391,723$675,297$0$6,882,567
93$12,476,997$631,704$0$7,520,088
94$13,670,553$583,560$0$8,221,216
95$14,983,361$530,566$0$8,992,427
96$16,427,504$472,405$0$9,840,854
97$18,016,300$408,743$0$10,774,361
98$19,764,418$339,226$0$11,801,614
99$21,688,023$263,483$0$12,932,167
100$23,804,927$181,119$0$14,176,547