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%16.1%
1 years$64,825$64,247$63,684$63,134$62,597$61,034
2 years$32,091$31,494$30,914$30,353$29,808$28,243
3 years$21,182$20,581$20,004$19,447$18,911$17,394
4 years$15,728$15,130$14,558$14,011$13,488$12,029
5 years$12,457$11,862$11,297$10,762$10,253$8,857
6 years$10,276$9,686$9,130$8,606$8,113$6,781
7 years$8,720$8,134$7,587$7,076$6,598$5,331
8 years$7,553$6,973$6,434$5,936$5,474$4,270
9 years$6,646$6,071$5,542$5,056$4,610$3,469
10 years$5,920$5,351$4,832$4,358$3,928$2,849
11 years$5,327$4,764$4,254$3,793$3,378$2,359
12 years$4,833$4,276$3,775$3,327$2,927$1,966
13 years$4,416$3,864$3,373$2,937$2,553$1,648
14 years$4,058$3,512$3,030$2,607$2,238$1,387
15 years$3,749$3,209$2,736$2,325$1,970$1,172
16 years$3,478$2,944$2,481$2,082$1,741$993
17 years$3,239$2,711$2,257$1,871$1,544$843
18 years$3,027$2,505$2,061$1,686$1,373$718
19 years$2,838$2,322$1,886$1,523$1,224$612
20 years$2,668$2,158$1,731$1,380$1,093$523
21 years$2,514$2,010$1,592$1,252$978$447
22 years$2,375$1,876$1,468$1,138$877$383
23 years$2,247$1,755$1,355$1,037$787$328
24 years$2,131$1,644$1,253$946$707$281
25 years$2,024$1,543$1,161$864$636$241
26 years$1,925$1,450$1,077$790$573$207
27 years$1,834$1,365$1,000$723$517$178
28 years$1,750$1,286$929$662$466$153
29 years$1,671$1,213$865$607$421$131
30 years$1,598$1,146$806$557$381$113
31 years$1,530$1,083$751$512$344$97
32 years$1,466$1,025$701$470$311$83
33 years$1,406$970$654$433$282$72
34 years$1,350$920$611$398$255$62
35 years$1,297$872$571$366$231$53
36 years$1,247$828$535$337$209$46
37 years$1,200$786$500$311$190$39
38 years$1,155$747$469$287$172$34
39 years$1,113$711$439$264$156$29
40 years$1,073$676$411$244$141$25
41 years$1,035$644$386$225$128$22
42 years$999$613$362$208$116$19
43 years$965$584$340$192$106$16
44 years$933$557$319$177$96$14
45 years$902$531$299$163$87$12
46 years$872$506$281$151$79$10
47 years$844$483$264$139$72$9
48 years$817$461$248$129$65$8
49 years$791$441$233$119$59$7
50 years$766$421$219$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $785,000, adding $6,254 every year, while hoping to spend $40,228 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: 59/12/29 Blend
59$785,000$785,000$785,000$785,000
60$871,521$829,916$817,749$915,718
61$917,614$827,780$802,341$944,532
62$967,060$824,190$785,069$971,154
63$1,020,159$819,034$765,827$999,368
64$1,077,239$812,191$744,507$1,029,337
65$1,138,662$803,533$720,992$1,061,248
66$1,204,823$792,924$695,163$1,095,304
67$1,276,159$780,221$666,895$1,131,732
68$1,353,147$765,271$636,055$1,170,787
69$1,436,312$747,914$602,508$1,212,746
70$1,526,233$727,978$566,108$1,257,923
71$1,623,543$705,283$526,707$1,306,661
72$1,728,939$679,638$484,147$1,359,343
73$1,843,190$650,839$438,265$1,416,394
74$1,967,139$618,673$388,890$1,478,283
75$2,101,712$582,914$335,843$1,545,532
76$2,247,930$543,320$278,938$1,618,719
77$2,406,916$499,640$217,979$1,698,482
78$2,579,904$451,604$152,763$1,785,530
79$2,768,252$398,931$83,079$1,880,648
80$2,973,456$341,320$8,704$1,984,702
81$3,197,160$278,456$0$2,098,654
82$3,441,174$210,005$0$2,245,433
83$3,707,492$135,613$0$2,408,644
84$3,998,307$54,909$0$2,586,970
85$4,316,033$0$0$2,781,930
86$4,663,330$0$0$2,999,492
87$5,043,123$0$0$3,245,402
88$5,458,635$0$0$3,514,503
89$5,913,415$0$0$3,809,102
90$6,411,369$0$0$4,131,738
91$6,956,800$0$0$4,485,207
92$7,554,446$0$0$4,872,589
93$8,209,526$0$0$5,297,275
94$8,927,787$0$0$5,763,001
95$9,715,559$0$0$6,273,882
96$10,579,812$0$0$6,834,449
97$11,528,228$0$0$7,449,693
98$12,569,264$0$0$8,125,114
99$13,712,239$0$0$8,866,767
100$14,967,415$0$0$9,681,325