Can I retire at age 60 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$64,825$64,247$63,684$63,134$62,597$60,521
2 years$32,091$31,494$30,914$30,353$29,808$27,736
3 years$21,182$20,581$20,004$19,447$18,911$16,909
4 years$15,728$15,130$14,558$14,011$13,488$11,571
5 years$12,457$11,862$11,297$10,762$10,253$8,426
6 years$10,276$9,686$9,130$8,606$8,113$6,378
7 years$8,720$8,134$7,587$7,076$6,598$4,954
8 years$7,553$6,973$6,434$5,936$5,474$3,920
9 years$6,646$6,071$5,542$5,056$4,610$3,144
10 years$5,920$5,351$4,832$4,358$3,928$2,548
11 years$5,327$4,764$4,254$3,793$3,378$2,081
12 years$4,833$4,276$3,775$3,327$2,927$1,711
13 years$4,416$3,864$3,373$2,937$2,553$1,414
14 years$4,058$3,512$3,030$2,607$2,238$1,173
15 years$3,749$3,209$2,736$2,325$1,970$976
16 years$3,478$2,944$2,481$2,082$1,741$815
17 years$3,239$2,711$2,257$1,871$1,544$682
18 years$3,027$2,505$2,061$1,686$1,373$571
19 years$2,838$2,322$1,886$1,523$1,224$479
20 years$2,668$2,158$1,731$1,380$1,093$403
21 years$2,514$2,010$1,592$1,252$978$339
22 years$2,375$1,876$1,468$1,138$877$285
23 years$2,247$1,755$1,355$1,037$787$241
24 years$2,131$1,644$1,253$946$707$203
25 years$2,024$1,543$1,161$864$636$171
26 years$1,925$1,450$1,077$790$573$144
27 years$1,834$1,365$1,000$723$517$122
28 years$1,750$1,286$929$662$466$103
29 years$1,671$1,213$865$607$421$87
30 years$1,598$1,146$806$557$381$74
31 years$1,530$1,083$751$512$344$62
32 years$1,466$1,025$701$470$311$53
33 years$1,406$970$654$433$282$44
34 years$1,350$920$611$398$255$38
35 years$1,297$872$571$366$231$32
36 years$1,247$828$535$337$209$27
37 years$1,200$786$500$311$190$23
38 years$1,155$747$469$287$172$19
39 years$1,113$711$439$264$156$16
40 years$1,073$676$411$244$141$14
41 years$1,035$644$386$225$128$12
42 years$999$613$362$208$116$10
43 years$965$584$340$192$106$8
44 years$933$557$319$177$96$7
45 years$902$531$299$163$87$6
46 years$872$506$281$151$79$5
47 years$844$483$264$139$72$4
48 years$817$461$248$129$65$4
49 years$791$441$233$119$59$3
50 years$766$421$219$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $785,000, adding $2,678 every year, while hoping to spend $48,504 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: 57/28/15 Blend
59$785,000$785,000$785,000$785,000
60$867,832$826,227$814,060$913,787
61$904,743$815,105$789,723$934,113
62$943,794$801,811$762,945$950,711
63$985,150$786,190$733,593$967,679
64$1,028,996$768,073$701,529$985,061
65$1,075,529$747,284$666,606$1,002,907
66$1,124,968$723,636$628,672$1,021,277
67$1,177,552$696,932$587,570$1,040,238
68$1,233,541$666,960$543,133$1,059,865
69$1,293,222$633,501$495,187$1,080,248
70$1,356,906$596,318$443,551$1,101,484
71$1,424,937$555,164$388,037$1,123,689
72$1,497,690$509,777$328,446$1,146,989
73$1,575,578$459,879$264,572$1,171,532
74$1,659,052$405,178$196,200$1,197,480
75$1,748,607$345,363$123,104$1,225,020
76$1,844,787$280,108$45,051$1,254,360
77$1,948,189$209,067$0$1,285,737
78$2,059,467$131,875$0$1,325,536
79$2,179,342$48,146$0$1,376,026
80$2,308,603$0$0$1,430,366
81$2,448,119$0$0$1,502,077
82$2,598,842$0$0$1,595,628
83$2,761,820$0$0$1,696,842
84$2,938,207$0$0$1,806,441
85$3,129,267$0$0$1,925,220
86$3,336,393$0$0$2,054,052
87$3,561,116$0$0$2,193,897
88$3,805,120$0$0$2,345,811
89$4,070,256$0$0$2,510,957
90$4,358,563$0$0$2,690,614
91$4,672,281$0$0$2,886,186
92$5,013,875$0$0$3,099,223
93$5,386,061$0$0$3,331,427
94$5,791,824$0$0$3,584,672
95$6,234,451$0$0$3,861,021
96$6,717,559$0$0$4,162,745
97$7,245,132$0$0$4,492,345
98$7,821,551$0$0$4,852,571
99$8,451,644$0$0$5,246,453
100$9,140,724$0$0$5,677,327