Can I retire at age 60 with 783,000?

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 $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%15.4%
1 years$64,659$64,083$63,522$62,973$62,438$61,052
2 years$32,010$31,413$30,836$30,276$29,732$28,344
3 years$21,128$20,529$19,953$19,398$18,863$17,515
4 years$15,688$15,091$14,520$13,975$13,453$12,156
5 years$12,425$11,832$11,268$10,734$10,227$8,984
6 years$10,250$9,661$9,107$8,584$8,092$6,904
7 years$8,697$8,114$7,568$7,058$6,581$5,449
8 years$7,533$6,955$6,418$5,920$5,460$4,383
9 years$6,629$6,055$5,528$5,043$4,598$3,576
10 years$5,905$5,338$4,819$4,347$3,918$2,949
11 years$5,314$4,752$4,243$3,783$3,369$2,453
12 years$4,821$4,265$3,765$3,318$2,920$2,054
13 years$4,404$3,854$3,364$2,930$2,546$1,729
14 years$4,048$3,503$3,023$2,601$2,232$1,463
15 years$3,739$3,200$2,729$2,319$1,965$1,242
16 years$3,469$2,936$2,474$2,077$1,737$1,057
17 years$3,231$2,704$2,252$1,866$1,540$903
18 years$3,020$2,499$2,055$1,682$1,369$772
19 years$2,831$2,316$1,882$1,519$1,220$662
20 years$2,661$2,152$1,727$1,376$1,090$568
21 years$2,508$2,005$1,588$1,249$976$489
22 years$2,369$1,871$1,464$1,136$874$420
23 years$2,242$1,750$1,352$1,034$785$362
24 years$2,125$1,640$1,250$943$706$312
25 years$2,019$1,539$1,158$861$635$269
26 years$1,920$1,446$1,074$788$572$233
27 years$1,829$1,361$997$721$516$201
28 years$1,745$1,283$927$661$465$174
29 years$1,667$1,210$863$606$420$150
30 years$1,594$1,143$803$556$380$130
31 years$1,526$1,080$749$511$343$112
32 years$1,462$1,022$699$469$310$97
33 years$1,402$968$653$431$281$84
34 years$1,346$917$610$397$254$73
35 years$1,293$870$570$365$230$63
36 years$1,244$826$533$337$209$54
37 years$1,197$784$499$310$189$47
38 years$1,152$745$467$286$172$41
39 years$1,110$709$438$264$156$35
40 years$1,070$674$410$243$141$31
41 years$1,033$642$385$224$128$27
42 years$997$611$361$207$116$23
43 years$963$583$339$191$105$20
44 years$930$555$318$176$96$17
45 years$899$529$299$163$87$15
46 years$870$505$280$150$79$13
47 years$842$482$263$139$72$11
48 years$815$460$248$128$65$10
49 years$789$439$233$119$59$8
50 years$764$420$219$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $783,000, adding $6,935 every year, while hoping to spend $36,679 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: 33/50/17 Blend
59$783,000$783,000$783,000$783,000
60$870,019$828,520$816,384$893,928
61$919,735$830,092$804,707$913,729
62$973,293$830,511$791,409$931,168
63$1,031,045$829,682$776,397$949,179
64$1,093,380$827,505$759,575$967,834
65$1,160,724$823,872$740,840$987,213
66$1,233,546$818,670$720,086$1,007,409
67$1,312,359$811,776$697,201$1,028,526
68$1,397,731$803,065$672,068$1,050,682
69$1,490,284$792,399$644,567$1,074,011
70$1,590,701$779,635$614,568$1,098,664
71$1,699,736$764,620$581,939$1,124,811
72$1,818,216$747,193$546,541$1,152,645
73$1,947,052$727,184$508,228$1,182,381
74$2,087,245$704,410$466,848$1,214,263
75$2,239,899$678,680$422,242$1,248,562
76$2,406,225$649,792$374,244$1,285,585
77$2,587,559$617,531$322,680$1,325,673
78$2,785,370$581,670$267,370$1,369,211
79$3,001,275$541,969$208,124$1,416,628
80$3,237,054$498,175$144,745$1,468,403
81$3,494,666$450,018$77,027$1,525,072
82$3,776,269$397,216$4,754$1,587,233
83$4,084,237$339,468$0$1,655,553
84$4,421,187$276,459$0$1,743,904
85$4,789,996$207,854$0$1,841,761
86$5,193,836$133,299$0$1,949,228
87$5,636,198$52,422$0$2,067,379
88$6,120,928$0$0$2,197,405
89$6,652,260$0$0$2,359,980
90$7,234,858$0$0$2,569,983
91$7,873,860$0$0$2,800,440
92$8,574,923$0$0$3,053,405
93$9,344,279$0$0$3,331,143
94$10,188,792$0$0$3,636,148
95$11,116,026$0$0$3,971,169
96$12,134,308$0$0$4,339,232
97$13,252,815$0$0$4,743,672
98$14,481,655$0$0$5,188,163
99$15,831,964$0$0$5,676,752
100$17,316,010$0$0$6,213,898