Can I retire at age 60 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$64,577$64,002$63,440$62,893$62,358$61,426
2 years$31,969$31,373$30,796$30,237$29,694$28,757
3 years$21,101$20,503$19,927$19,373$18,839$17,927
4 years$15,668$15,072$14,502$13,957$13,436$12,555
5 years$12,409$11,816$11,254$10,720$10,214$9,367
6 years$10,237$9,649$9,095$8,573$8,082$7,270
7 years$8,686$8,103$7,558$7,049$6,573$5,795
8 years$7,524$6,946$6,410$5,913$5,453$4,710
9 years$6,620$6,048$5,521$5,036$4,592$3,884
10 years$5,898$5,331$4,813$4,341$3,913$3,239
11 years$5,307$4,746$4,237$3,778$3,365$2,725
12 years$4,815$4,259$3,761$3,314$2,916$2,308
13 years$4,399$3,849$3,360$2,926$2,543$1,967
14 years$4,043$3,499$3,019$2,597$2,229$1,684
15 years$3,734$3,196$2,726$2,316$1,963$1,447
16 years$3,465$2,933$2,471$2,074$1,735$1,248
17 years$3,227$2,701$2,249$1,863$1,538$1,080
18 years$3,016$2,496$2,053$1,679$1,368$936
19 years$2,827$2,313$1,879$1,517$1,219$813
20 years$2,658$2,149$1,725$1,374$1,089$707
21 years$2,505$2,002$1,586$1,247$974$616
22 years$2,366$1,869$1,462$1,134$873$538
23 years$2,239$1,748$1,350$1,033$784$470
24 years$2,123$1,638$1,248$942$705$411
25 years$2,016$1,537$1,156$860$634$360
26 years$1,918$1,444$1,072$787$571$315
27 years$1,827$1,359$996$720$515$276
28 years$1,743$1,281$926$660$465$242
29 years$1,665$1,208$861$605$420$212
30 years$1,592$1,141$802$555$379$186
31 years$1,524$1,079$748$510$343$164
32 years$1,460$1,021$698$469$310$144
33 years$1,400$967$652$431$281$126
34 years$1,344$916$609$396$254$111
35 years$1,292$869$569$365$230$97
36 years$1,242$825$533$336$208$86
37 years$1,195$783$498$310$189$75
38 years$1,151$744$467$285$171$66
39 years$1,109$708$437$263$155$58
40 years$1,069$674$410$243$141$51
41 years$1,031$641$384$224$128$45
42 years$996$611$361$207$116$40
43 years$962$582$338$191$105$35
44 years$929$555$318$176$96$31
45 years$898$529$298$163$87$27
46 years$869$504$280$150$79$24
47 years$841$481$263$139$72$21
48 years$814$460$247$128$65$18
49 years$788$439$232$119$59$16
50 years$764$419$219$110$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $782,000, adding $3,781 every year, while hoping to spend $43,225 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: 81/6/13 Blend
59$782,000$782,000$782,000$782,000
60$865,664$824,218$812,097$933,344
61$907,971$818,614$793,311$972,717
62$953,144$811,286$772,447$1,009,905
63$1,001,431$802,105$749,390$1,049,466
64$1,053,101$790,932$724,019$1,091,614
65$1,108,452$777,623$696,208$1,136,590
66$1,167,808$762,021$665,826$1,184,656
67$1,231,527$743,962$632,734$1,236,103
68$1,300,001$723,274$596,788$1,291,249
69$1,373,658$699,772$557,838$1,350,447
70$1,452,973$673,262$515,726$1,414,085
71$1,538,462$643,538$470,289$1,482,590
72$1,630,695$610,381$421,354$1,556,436
73$1,730,298$573,562$368,742$1,636,141
74$1,837,960$532,838$312,266$1,722,279
75$1,954,434$487,949$251,729$1,815,483
76$2,080,552$438,625$186,928$1,916,449
77$2,217,228$384,577$117,649$2,025,946
78$2,365,465$325,501$43,670$2,144,822
79$2,526,368$261,076$0$2,274,010
80$2,701,151$190,962$0$2,419,436
81$2,891,150$114,801$0$2,584,123
82$3,097,835$32,214$0$2,763,297
83$3,322,824$0$0$2,958,375
84$3,567,895$0$0$3,174,696
85$3,835,007$0$0$3,412,808
86$4,126,315$0$0$3,672,508
87$4,444,190$0$0$3,955,912
88$4,791,244$0$0$4,265,351
89$5,170,351$0$0$4,603,390
90$5,584,674$0$0$4,972,852
91$6,037,697$0$0$5,376,847
92$6,533,254$0$0$5,818,797
93$7,075,570$0$0$6,302,472
94$7,669,293$0$0$6,832,022
95$8,319,545$0$0$7,412,016
96$9,031,964$0$0$8,047,489
97$9,812,760$0$0$8,743,983
98$10,668,773$0$0$9,507,602
99$11,607,535$0$0$10,345,069
100$12,637,342$0$0$11,263,791