Can I retire at age 60 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$64,907$64,329$63,765$63,214$62,677$61,996
2 years$32,132$31,534$30,954$30,392$29,846$29,161
3 years$21,209$20,608$20,029$19,472$18,936$18,267
4 years$15,748$15,149$14,576$14,029$13,505$12,858
5 years$12,472$11,877$11,312$10,775$10,266$9,643
6 years$10,289$9,698$9,142$8,617$8,123$7,525
7 years$8,731$8,145$7,597$7,085$6,606$6,032
8 years$7,562$6,981$6,443$5,943$5,481$4,931
9 years$6,654$6,079$5,549$5,062$4,616$4,090
10 years$5,928$5,358$4,838$4,364$3,933$3,432
11 years$5,334$4,770$4,259$3,798$3,382$2,905
12 years$4,839$4,281$3,780$3,331$2,931$2,477
13 years$4,421$3,869$3,377$2,941$2,556$2,124
14 years$4,063$3,517$3,034$2,611$2,240$1,831
15 years$3,753$3,213$2,740$2,328$1,973$1,584
16 years$3,482$2,948$2,484$2,085$1,743$1,376
17 years$3,243$2,715$2,260$1,873$1,546$1,198
18 years$3,031$2,508$2,063$1,688$1,375$1,046
19 years$2,842$2,325$1,889$1,525$1,225$915
20 years$2,671$2,160$1,733$1,381$1,094$802
21 years$2,517$2,012$1,594$1,254$979$705
22 years$2,378$1,878$1,469$1,140$878$619
23 years$2,250$1,757$1,357$1,038$788$545
24 years$2,134$1,646$1,255$947$708$481
25 years$2,026$1,545$1,162$865$637$424
26 years$1,928$1,452$1,078$791$574$374
27 years$1,836$1,366$1,001$724$518$331
28 years$1,752$1,287$930$663$467$292
29 years$1,673$1,215$866$608$422$258
30 years$1,600$1,147$807$558$381$229
31 years$1,532$1,084$752$512$344$202
32 years$1,468$1,026$702$471$312$179
33 years$1,408$972$655$433$282$159
34 years$1,351$921$612$399$255$141
35 years$1,298$873$572$367$231$125
36 years$1,248$829$535$338$210$111
37 years$1,201$787$501$311$190$98
38 years$1,157$748$469$287$172$87
39 years$1,115$712$440$265$156$77
40 years$1,075$677$412$244$142$68
41 years$1,037$644$386$225$128$61
42 years$1,001$614$362$208$117$54
43 years$966$585$340$192$106$48
44 years$934$557$319$177$96$42
45 years$903$532$300$164$87$38
46 years$873$507$282$151$79$33
47 years$845$484$264$140$72$30
48 years$818$462$249$129$65$26
49 years$792$441$234$119$59$23
50 years$767$421$220$110$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $786,000, adding $4,960 every year, while hoping to spend $35,705 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: 45/35/20 Blend
59$786,000$786,000$786,000$786,000
60$871,288$829,630$817,447$905,280
61$922,170$832,292$806,842$932,304
62$977,045$833,888$794,685$957,673
63$1,036,282$834,328$780,886$984,444
64$1,100,289$833,516$765,351$1,012,765
65$1,169,511$831,350$747,983$1,042,799
66$1,244,439$827,724$728,678$1,074,728
67$1,325,612$822,523$707,329$1,108,757
68$1,413,623$815,626$683,823$1,145,111
69$1,509,125$806,903$658,044$1,184,043
70$1,612,834$796,220$629,866$1,225,833
71$1,725,539$783,431$599,163$1,270,792
72$1,848,109$768,384$565,800$1,319,267
73$1,981,497$750,916$529,636$1,371,644
74$2,126,755$730,856$490,524$1,428,349
75$2,285,038$708,022$448,310$1,489,857
76$2,457,619$682,222$402,836$1,556,697
77$2,645,898$653,252$353,932$1,629,452
78$2,851,415$620,898$301,425$1,708,773
79$3,075,868$584,930$245,131$1,795,379
80$3,321,123$545,109$184,859$1,890,069
81$3,589,238$501,179$120,412$1,993,727
82$3,882,474$452,871$51,580$2,107,335
83$4,203,326$399,901$0$2,231,979
84$4,554,537$341,968$0$2,373,531
85$4,939,130$278,754$0$2,540,707
86$5,360,431$209,923$0$2,724,014
87$5,822,107$135,122$0$2,925,140
88$6,328,194$53,975$0$3,145,949
89$6,883,137$0$0$3,388,498
90$7,491,833$0$0$3,668,125
91$8,159,673$0$0$3,997,824
92$8,892,600$0$0$4,359,753
93$9,697,154$0$0$4,757,154
94$10,580,545$0$0$5,193,600
95$11,550,712$0$0$5,673,027
96$12,616,401$0$0$6,199,770
97$13,787,247$0$0$6,778,606
98$15,073,864$0$0$7,414,797
99$16,487,946$0$0$8,114,140
100$18,042,375$0$0$8,883,021