Can I retire at age 60 with 785,000?

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 $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%13.8%
1 years$64,825$64,247$63,684$63,134$62,597$61,611
2 years$32,091$31,494$30,914$30,353$29,808$28,817
3 years$21,182$20,581$20,004$19,447$18,911$17,946
4 years$15,728$15,130$14,558$14,011$13,488$12,556
5 years$12,457$11,862$11,297$10,762$10,253$9,358
6 years$10,276$9,686$9,130$8,606$8,113$7,255
7 years$8,720$8,134$7,587$7,076$6,598$5,777
8 years$7,553$6,973$6,434$5,936$5,474$4,690
9 years$6,646$6,071$5,542$5,056$4,610$3,863
10 years$5,920$5,351$4,832$4,358$3,928$3,217
11 years$5,327$4,764$4,254$3,793$3,378$2,703
12 years$4,833$4,276$3,775$3,327$2,927$2,287
13 years$4,416$3,864$3,373$2,937$2,553$1,946
14 years$4,058$3,512$3,030$2,607$2,238$1,664
15 years$3,749$3,209$2,736$2,325$1,970$1,428
16 years$3,478$2,944$2,481$2,082$1,741$1,230
17 years$3,239$2,711$2,257$1,871$1,544$1,062
18 years$3,027$2,505$2,061$1,686$1,373$920
19 years$2,838$2,322$1,886$1,523$1,224$798
20 years$2,668$2,158$1,731$1,380$1,093$693
21 years$2,514$2,010$1,592$1,252$978$603
22 years$2,375$1,876$1,468$1,138$877$525
23 years$2,247$1,755$1,355$1,037$787$458
24 years$2,131$1,644$1,253$946$707$400
25 years$2,024$1,543$1,161$864$636$350
26 years$1,925$1,450$1,077$790$573$306
27 years$1,834$1,365$1,000$723$517$267
28 years$1,750$1,286$929$662$466$234
29 years$1,671$1,213$865$607$421$205
30 years$1,598$1,146$806$557$381$180
31 years$1,530$1,083$751$512$344$157
32 years$1,466$1,025$701$470$311$138
33 years$1,406$970$654$433$282$121
34 years$1,350$920$611$398$255$106
35 years$1,297$872$571$366$231$93
36 years$1,247$828$535$337$209$82
37 years$1,200$786$500$311$190$72
38 years$1,155$747$469$287$172$63
39 years$1,113$711$439$264$156$55
40 years$1,073$676$411$244$141$49
41 years$1,035$644$386$225$128$43
42 years$999$613$362$208$116$37
43 years$965$584$340$192$106$33
44 years$933$557$319$177$96$29
45 years$902$531$299$163$87$25
46 years$872$506$281$151$79$22
47 years$844$483$264$139$72$20
48 years$817$461$248$129$65$17
49 years$791$441$233$119$59$15
50 years$766$421$219$110$54$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $785,000, adding $2,303 every year, while hoping to spend $56,927 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: 64/15/21 Blend
59$785,000$785,000$785,000$785,000
60$867,446$825,841$813,673$918,144
61$895,355$805,737$780,361$932,450
62$924,203$782,740$744,025$941,443
63$954,026$756,648$704,504$949,951
64$984,861$727,248$661,629$957,928
65$1,016,747$694,314$615,224$965,329
66$1,049,725$657,605$565,104$972,107
67$1,083,839$616,870$511,077$978,209
68$1,119,135$571,840$452,942$983,582
69$1,155,660$522,234$390,489$988,171
70$1,193,466$467,752$323,499$991,918
71$1,232,605$408,077$251,742$994,759
72$1,273,135$342,877$174,979$996,632
73$1,315,115$271,799$92,962$997,469
74$1,358,609$194,469$5,428$997,199
75$1,403,684$110,495$0$995,750
76$1,450,412$19,461$0$1,012,759
77$1,498,867$0$0$1,031,012
78$1,549,131$0$0$1,062,327
79$1,601,290$0$0$1,098,161
80$1,655,434$0$0$1,135,365
81$1,711,661$0$0$1,174,007
82$1,770,076$0$0$1,214,160
83$1,830,790$0$0$1,255,902
84$1,893,922$0$0$1,299,315
85$1,959,600$0$0$1,344,489
86$2,027,960$0$0$1,391,518
87$2,099,150$0$0$1,440,507
88$2,173,329$0$0$1,491,564
89$2,250,666$0$0$1,544,809
90$2,331,344$0$0$1,600,369
91$2,415,561$0$0$1,658,384
92$2,503,531$0$0$1,719,002
93$2,595,484$0$0$1,782,383
94$2,691,668$0$0$1,848,703
95$2,792,354$0$0$1,918,150
96$2,897,833$0$0$1,990,928
97$3,008,421$0$0$2,067,259
98$3,124,463$0$0$2,147,383
99$3,246,330$0$0$2,231,562
100$3,374,427$0$0$2,320,079