Can I retire at age 60 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$65,155$64,575$64,008$63,456$62,916$62,156
2 years$32,255$31,654$31,072$30,508$29,960$29,195
3 years$21,290$20,686$20,106$19,546$19,008$18,261
4 years$15,808$15,207$14,632$14,082$13,557$12,835
5 years$12,520$11,922$11,355$10,816$10,305$9,611
6 years$10,329$9,735$9,176$8,650$8,154$7,487
7 years$8,764$8,176$7,626$7,112$6,632$5,992
8 years$7,591$7,008$6,467$5,966$5,502$4,890
9 years$6,679$6,102$5,570$5,082$4,633$4,049
10 years$5,950$5,378$4,856$4,380$3,948$3,391
11 years$5,354$4,788$4,275$3,812$3,395$2,865
12 years$4,858$4,298$3,794$3,344$2,942$2,438
13 years$4,438$3,884$3,390$2,952$2,566$2,087
14 years$4,079$3,530$3,046$2,621$2,249$1,795
15 years$3,768$3,225$2,750$2,337$1,980$1,550
16 years$3,496$2,959$2,493$2,093$1,750$1,344
17 years$3,256$2,725$2,269$1,880$1,552$1,168
18 years$3,043$2,518$2,071$1,694$1,380$1,017
19 years$2,853$2,334$1,896$1,531$1,230$888
20 years$2,682$2,169$1,740$1,387$1,098$777
21 years$2,527$2,020$1,600$1,258$983$681
22 years$2,387$1,885$1,475$1,144$881$597
23 years$2,259$1,763$1,362$1,042$791$524
24 years$2,142$1,652$1,260$950$711$461
25 years$2,034$1,551$1,167$868$640$406
26 years$1,935$1,457$1,082$794$576$357
27 years$1,843$1,371$1,005$726$520$315
28 years$1,759$1,292$934$666$469$278
29 years$1,680$1,219$869$610$423$245
30 years$1,606$1,151$810$560$382$216
31 years$1,537$1,088$755$514$346$191
32 years$1,473$1,030$704$473$313$169
33 years$1,413$975$658$435$283$149
34 years$1,356$924$614$400$256$132
35 years$1,303$877$574$368$232$116
36 years$1,253$832$537$339$210$103
37 years$1,206$790$503$312$191$91
38 years$1,161$751$471$288$173$81
39 years$1,119$714$441$266$157$71
40 years$1,079$680$414$245$142$63
41 years$1,041$647$388$226$129$56
42 years$1,005$616$364$209$117$49
43 years$970$587$341$193$106$44
44 years$937$560$320$178$96$39
45 years$906$534$301$164$88$34
46 years$877$509$283$152$79$30
47 years$848$486$265$140$72$27
48 years$821$464$249$129$66$24
49 years$795$443$234$120$60$21
50 years$770$423$220$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $789,000, adding $2,846 every year, while hoping to spend $22,056 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: 47/28/25 Blend
59$789,000$789,000$789,000$789,000
60$872,414$830,597$818,367$907,061
61$937,932$847,828$822,315$948,926
62$1,009,395$865,165$825,656$991,947
63$1,087,384$882,589$828,346$1,038,207
64$1,172,542$900,081$830,340$1,088,021
65$1,265,574$917,618$831,590$1,141,737
66$1,367,258$935,177$832,044$1,199,737
67$1,478,452$952,734$831,650$1,262,444
68$1,600,096$970,260$830,353$1,330,323
69$1,733,230$987,727$828,094$1,403,890
70$1,878,996$1,005,102$824,812$1,483,710
71$2,038,654$1,022,352$820,443$1,570,408
72$2,213,588$1,039,438$814,919$1,664,676
73$2,405,325$1,056,322$808,170$1,767,273
74$2,615,548$1,072,961$800,123$1,879,038
75$2,846,106$1,089,309$790,700$2,000,898
76$3,099,041$1,105,317$779,820$2,133,874
77$3,376,597$1,120,932$767,399$2,279,091
78$3,681,251$1,136,098$753,347$2,437,792
79$4,015,726$1,150,755$737,572$2,611,348
80$4,383,026$1,164,838$719,977$2,801,268
81$4,786,459$1,178,279$700,460$3,009,220
82$5,229,666$1,191,003$678,914$3,237,042
83$5,716,663$1,202,934$655,229$3,486,761
84$6,251,872$1,213,986$629,287$3,760,613
85$6,840,163$1,224,071$600,969$4,061,063
86$7,486,903$1,233,095$570,145$4,390,831
87$8,198,006$1,240,955$536,684$4,752,915
88$8,979,986$1,247,545$500,446$5,150,623
89$9,840,020$1,252,750$461,286$5,587,599
90$10,786,015$1,256,448$419,053$6,067,866
91$11,826,685$1,258,511$373,587$6,595,856
92$12,971,630$1,258,800$324,725$7,176,460
93$14,231,425$1,257,170$272,292$7,815,067
94$15,617,724$1,253,466$216,108$8,517,623
95$17,143,370$1,247,523$155,985$9,290,680
96$18,822,509$1,239,167$91,726$10,141,464
97$20,670,731$1,228,213$23,126$11,077,944
98$22,705,215$1,214,465$0$12,108,903
99$24,944,887$1,197,713$0$13,257,384
100$27,410,603$1,177,739$0$14,528,158