Can I retire at age 60 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$64,659$64,083$63,522$62,973$62,438$60,584
2 years$32,010$31,413$30,836$30,276$29,732$27,881
3 years$21,128$20,529$19,953$19,398$18,863$17,071
4 years$15,688$15,091$14,520$13,975$13,453$11,735
5 years$12,425$11,832$11,268$10,734$10,227$8,586
6 years$10,250$9,661$9,107$8,584$8,092$6,531
7 years$8,697$8,114$7,568$7,058$6,581$5,099
8 years$7,533$6,955$6,418$5,920$5,460$4,056
9 years$6,629$6,055$5,528$5,043$4,598$3,271
10 years$5,905$5,338$4,819$4,347$3,918$2,666
11 years$5,314$4,752$4,243$3,783$3,369$2,191
12 years$4,821$4,265$3,765$3,318$2,920$1,812
13 years$4,404$3,854$3,364$2,930$2,546$1,506
14 years$4,048$3,503$3,023$2,601$2,232$1,257
15 years$3,739$3,200$2,729$2,319$1,965$1,053
16 years$3,469$2,936$2,474$2,077$1,737$885
17 years$3,231$2,704$2,252$1,866$1,540$745
18 years$3,020$2,499$2,055$1,682$1,369$629
19 years$2,831$2,316$1,882$1,519$1,220$531
20 years$2,661$2,152$1,727$1,376$1,090$449
21 years$2,508$2,005$1,588$1,249$976$381
22 years$2,369$1,871$1,464$1,136$874$323
23 years$2,242$1,750$1,352$1,034$785$274
24 years$2,125$1,640$1,250$943$706$233
25 years$2,019$1,539$1,158$861$635$198
26 years$1,920$1,446$1,074$788$572$168
27 years$1,829$1,361$997$721$516$143
28 years$1,745$1,283$927$661$465$122
29 years$1,667$1,210$863$606$420$104
30 years$1,594$1,143$803$556$380$88
31 years$1,526$1,080$749$511$343$75
32 years$1,462$1,022$699$469$310$64
33 years$1,402$968$653$431$281$54
34 years$1,346$917$610$397$254$46
35 years$1,293$870$570$365$230$40
36 years$1,244$826$533$337$209$34
37 years$1,197$784$499$310$189$29
38 years$1,152$745$467$286$172$24
39 years$1,110$709$438$264$156$21
40 years$1,070$674$410$243$141$18
41 years$1,033$642$385$224$128$15
42 years$997$611$361$207$116$13
43 years$963$583$339$191$105$11
44 years$930$555$318$176$96$9
45 years$899$529$299$163$87$8
46 years$870$505$280$150$79$7
47 years$842$482$263$139$72$6
48 years$815$460$248$128$65$5
49 years$789$439$233$119$59$4
50 years$764$420$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $783,000, adding $3,629 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: 45/43/12 Blend
59$783,000$783,000$783,000$783,000
60$866,609$825,110$812,974$902,493
61$909,012$819,550$794,217$922,217
62$954,292$812,268$773,384$938,906
63$1,002,696$803,135$750,358$956,040
64$1,054,495$792,013$725,020$973,677
65$1,109,988$778,756$697,242$991,885
66$1,169,501$763,209$666,894$1,010,737
67$1,233,393$745,209$633,838$1,030,322
68$1,302,056$724,582$597,929$1,050,739
69$1,375,924$701,144$559,017$1,072,099
70$1,455,469$674,701$516,945$1,094,532
71$1,541,213$645,048$471,549$1,118,183
72$1,633,727$611,965$422,656$1,143,214
73$1,733,640$575,224$370,088$1,169,813
74$1,841,641$534,581$313,656$1,198,189
75$1,958,491$489,778$253,166$1,228,578
76$2,085,024$440,543$188,413$1,261,245
77$2,222,155$386,589$119,185$1,296,489
78$2,370,895$327,612$45,257$1,334,647
79$2,532,351$263,290$0$1,376,094
80$2,707,745$193,284$0$1,425,559
81$2,898,417$117,237$0$1,485,672
82$3,105,843$34,770$0$1,551,193
83$3,331,649$0$0$1,622,748
84$3,577,620$0$0$1,726,828
85$3,845,724$0$0$1,858,291
86$4,138,125$0$0$2,001,755
87$4,457,205$0$0$2,158,401
88$4,805,586$0$0$2,329,528
89$5,186,156$0$0$2,516,565
90$5,602,091$0$0$2,721,087
91$6,056,890$0$0$2,944,827
92$6,554,406$0$0$3,189,693
93$7,098,879$0$0$3,457,787
94$7,694,980$0$0$3,751,423
95$8,347,852$0$0$4,073,150
96$9,063,158$0$0$4,425,774
97$9,847,135$0$0$4,812,386
98$10,706,654$0$0$5,236,391
99$11,649,280$0$0$5,701,539
100$12,683,346$0$0$6,211,959