Can I retire at age 60 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$64,742$64,165$63,603$63,053$62,517$61,381
2 years$32,050$31,454$30,875$30,314$29,770$28,629
3 years$21,155$20,555$19,978$19,423$18,887$17,777
4 years$15,708$15,110$14,539$13,993$13,471$12,400
5 years$12,441$11,847$11,283$10,748$10,240$9,213
6 years$10,263$9,674$9,118$8,595$8,103$7,119
7 years$8,709$8,124$7,577$7,067$6,590$5,650
8 years$7,543$6,964$6,426$5,928$5,467$4,571
9 years$6,637$6,063$5,535$5,049$4,604$3,751
10 years$5,913$5,344$4,825$4,353$3,923$3,113
11 years$5,320$4,758$4,248$3,788$3,374$2,606
12 years$4,827$4,270$3,770$3,323$2,924$2,196
13 years$4,410$3,859$3,368$2,933$2,549$1,861
14 years$4,053$3,508$3,027$2,604$2,235$1,585
15 years$3,744$3,204$2,733$2,322$1,968$1,355
16 years$3,473$2,940$2,477$2,079$1,739$1,162
17 years$3,235$2,708$2,254$1,868$1,542$999
18 years$3,024$2,502$2,058$1,684$1,371$861
19 years$2,835$2,319$1,884$1,521$1,222$744
20 years$2,665$2,155$1,729$1,378$1,092$643
21 years$2,511$2,007$1,590$1,250$977$557
22 years$2,372$1,874$1,466$1,137$876$483
23 years$2,244$1,752$1,353$1,035$786$420
24 years$2,128$1,642$1,252$944$706$365
25 years$2,021$1,541$1,159$862$636$317
26 years$1,923$1,448$1,075$789$573$276
27 years$1,832$1,363$998$722$516$240
28 years$1,747$1,284$928$661$466$209
29 years$1,669$1,211$864$606$421$182
30 years$1,596$1,144$805$557$380$159
31 years$1,528$1,082$750$511$344$139
32 years$1,464$1,023$700$470$311$121
33 years$1,404$969$653$432$281$106
34 years$1,348$919$610$397$255$92
35 years$1,295$871$571$366$231$80
36 years$1,245$827$534$337$209$70
37 years$1,198$785$500$311$189$61
38 years$1,154$746$468$286$172$54
39 years$1,112$710$438$264$156$47
40 years$1,072$675$411$243$141$41
41 years$1,034$643$385$225$128$36
42 years$998$612$361$207$116$31
43 years$964$583$339$191$106$27
44 years$932$556$318$177$96$24
45 years$901$530$299$163$87$21
46 years$871$506$281$151$79$18
47 years$843$483$264$139$72$16
48 years$816$461$248$129$65$14
49 years$790$440$233$119$59$12
50 years$765$420$219$110$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $784,000, adding $2,287 every year, while hoping to spend $36,268 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: 40/34/26 Blend
59$784,000$784,000$784,000$784,000
60$866,327$824,775$812,623$894,245
61$916,104$826,600$801,257$916,493
62$969,742$827,299$788,295$936,983
63$1,027,597$826,779$773,644$958,446
64$1,090,060$824,939$757,210$980,994
65$1,157,561$821,675$738,891$1,004,750
66$1,230,570$816,876$718,582$1,029,854
67$1,309,607$810,421$696,173$1,056,464
68$1,395,242$802,187$671,549$1,084,755
69$1,488,101$792,038$644,591$1,114,924
70$1,588,874$779,835$615,171$1,147,189
71$1,698,318$765,426$583,159$1,181,798
72$1,817,269$748,654$548,417$1,219,024
73$1,946,642$729,350$510,801$1,259,172
74$2,087,449$707,337$470,161$1,302,585
75$2,240,798$682,426$426,341$1,349,642
76$2,407,912$654,418$379,177$1,400,767
77$2,590,137$623,102$328,497$1,456,432
78$2,788,952$588,255$274,122$1,517,162
79$3,005,986$549,641$215,867$1,583,541
80$3,243,034$507,010$153,535$1,656,219
81$3,502,069$460,100$86,925$1,735,917
82$3,785,266$408,630$15,822$1,823,436
83$4,095,017$352,307$0$1,919,668
84$4,433,958$290,820$0$2,042,262
85$4,804,991$223,838$0$2,181,422
86$5,211,310$151,016$0$2,334,036
87$5,656,434$71,987$0$2,501,525
88$6,144,238$0$0$2,685,459
89$6,678,990$0$0$2,892,674
90$7,265,390$0$0$3,149,540
91$7,908,614$0$0$3,431,402
92$8,614,366$0$0$3,740,774
93$9,388,925$0$0$4,080,422
94$10,239,209$0$0$4,453,393
95$11,172,840$0$0$4,863,046
96$12,198,212$0$0$5,313,079
97$13,324,573$0$0$5,807,566
98$14,562,110$0$0$6,350,997
99$15,922,047$0$0$6,948,315
100$17,416,747$0$0$7,604,970