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%18.5%
1 years$64,742$64,165$63,603$63,053$62,517$60,371
2 years$32,050$31,454$30,875$30,314$29,770$27,630
3 years$21,155$20,555$19,978$19,423$18,887$16,820
4 years$15,708$15,110$14,539$13,993$13,471$11,492
5 years$12,441$11,847$11,283$10,748$10,240$8,356
6 years$10,263$9,674$9,118$8,595$8,103$6,314
7 years$8,709$8,124$7,577$7,067$6,590$4,896
8 years$7,543$6,964$6,426$5,928$5,467$3,867
9 years$6,637$6,063$5,535$5,049$4,604$3,096
10 years$5,913$5,344$4,825$4,353$3,923$2,504
11 years$5,320$4,758$4,248$3,788$3,374$2,042
12 years$4,827$4,270$3,770$3,323$2,924$1,675
13 years$4,410$3,859$3,368$2,933$2,549$1,381
14 years$4,053$3,508$3,027$2,604$2,235$1,144
15 years$3,744$3,204$2,733$2,322$1,968$950
16 years$3,473$2,940$2,477$2,079$1,739$791
17 years$3,235$2,708$2,254$1,868$1,542$660
18 years$3,024$2,502$2,058$1,684$1,371$552
19 years$2,835$2,319$1,884$1,521$1,222$462
20 years$2,665$2,155$1,729$1,378$1,092$388
21 years$2,511$2,007$1,590$1,250$977$325
22 years$2,372$1,874$1,466$1,137$876$273
23 years$2,244$1,752$1,353$1,035$786$230
24 years$2,128$1,642$1,252$944$706$193
25 years$2,021$1,541$1,159$862$636$163
26 years$1,923$1,448$1,075$789$573$137
27 years$1,832$1,363$998$722$516$115
28 years$1,747$1,284$928$661$466$97
29 years$1,669$1,211$864$606$421$82
30 years$1,596$1,144$805$557$380$69
31 years$1,528$1,082$750$511$344$58
32 years$1,464$1,023$700$470$311$49
33 years$1,404$969$653$432$281$41
34 years$1,348$919$610$397$255$35
35 years$1,295$871$571$366$231$29
36 years$1,245$827$534$337$209$25
37 years$1,198$785$500$311$189$21
38 years$1,154$746$468$286$172$18
39 years$1,112$710$438$264$156$15
40 years$1,072$675$411$243$141$13
41 years$1,034$643$385$225$128$11
42 years$998$612$361$207$116$9
43 years$964$583$339$191$106$8
44 years$932$556$318$177$96$6
45 years$901$530$299$163$87$5
46 years$871$506$281$151$79$5
47 years$843$483$264$139$72$4
48 years$816$461$248$129$65$3
49 years$790$440$233$119$59$3
50 years$765$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $784,000, adding $4,956 every year, while hoping to spend $32,913 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: 45/27/28 Blend
59$784,000$784,000$784,000$784,000
60$869,080$827,528$815,376$900,961
61$922,707$833,058$807,672$929,641
62$980,701$837,755$798,607$957,183
63$1,043,472$841,545$788,100$986,422
64$1,111,473$844,347$776,067$1,017,535
65$1,185,198$846,076$762,421$1,050,719
66$1,265,195$846,640$747,069$1,086,193
67$1,352,064$845,944$729,914$1,124,198
68$1,446,464$843,885$710,856$1,165,004
69$1,549,123$840,355$689,789$1,208,910
70$1,660,839$835,238$666,603$1,256,248
71$1,782,492$828,412$641,181$1,307,385
72$1,915,049$819,747$613,404$1,362,731
73$2,059,575$809,106$583,144$1,422,738
74$2,217,243$796,343$550,271$1,487,907
75$2,389,342$781,304$514,645$1,558,795
76$2,577,292$763,825$476,123$1,636,018
77$2,782,657$743,733$434,554$1,720,259
78$3,007,156$720,845$389,780$1,812,273
79$3,252,686$694,966$341,638$1,912,898
80$3,521,332$665,892$289,954$2,023,061
81$3,815,392$633,404$234,552$2,143,787
82$4,137,394$597,273$175,241$2,276,212
83$4,490,125$557,256$111,829$2,421,592
84$4,876,652$513,096$44,109$2,581,316
85$5,300,353$464,521$0$2,756,921
86$5,764,950$411,243$0$2,958,520
87$6,274,541$352,960$0$3,194,190
88$6,833,639$289,350$0$3,452,885
89$7,447,217$220,074$0$3,736,974
90$8,120,751$144,776$0$4,049,072
91$8,860,273$63,076$0$4,392,063
92$9,672,430$0$0$4,769,128
93$10,564,542$0$0$5,191,331
94$11,544,674$0$0$5,675,878
95$12,621,709$0$0$6,208,432
96$13,805,435$0$0$6,793,846
97$15,106,635$0$0$7,437,465
98$16,537,188$0$0$8,145,178
99$18,110,183$0$0$8,923,474
100$19,840,038$0$0$9,779,502