Can I retire at age 60 with 789,000?

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 $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%13.1%
1 years$65,155$64,575$64,008$63,456$62,916$62,104
2 years$32,255$31,654$31,072$30,508$29,960$29,143
3 years$21,290$20,686$20,106$19,546$19,008$18,211
4 years$15,808$15,207$14,632$14,082$13,557$12,787
5 years$12,520$11,922$11,355$10,816$10,305$9,565
6 years$10,329$9,735$9,176$8,650$8,154$7,443
7 years$8,764$8,176$7,626$7,112$6,632$5,950
8 years$7,591$7,008$6,467$5,966$5,502$4,850
9 years$6,679$6,102$5,570$5,082$4,633$4,012
10 years$5,950$5,378$4,856$4,380$3,948$3,355
11 years$5,354$4,788$4,275$3,812$3,395$2,831
12 years$4,858$4,298$3,794$3,344$2,942$2,406
13 years$4,438$3,884$3,390$2,952$2,566$2,057
14 years$4,079$3,530$3,046$2,621$2,249$1,767
15 years$3,768$3,225$2,750$2,337$1,980$1,524
16 years$3,496$2,959$2,493$2,093$1,750$1,319
17 years$3,256$2,725$2,269$1,880$1,552$1,145
18 years$3,043$2,518$2,071$1,694$1,380$996
19 years$2,853$2,334$1,896$1,531$1,230$868
20 years$2,682$2,169$1,740$1,387$1,098$758
21 years$2,527$2,020$1,600$1,258$983$663
22 years$2,387$1,885$1,475$1,144$881$581
23 years$2,259$1,763$1,362$1,042$791$509
24 years$2,142$1,652$1,260$950$711$447
25 years$2,034$1,551$1,167$868$640$393
26 years$1,935$1,457$1,082$794$576$345
27 years$1,843$1,371$1,005$726$520$304
28 years$1,759$1,292$934$666$469$268
29 years$1,680$1,219$869$610$423$236
30 years$1,606$1,151$810$560$382$208
31 years$1,537$1,088$755$514$346$183
32 years$1,473$1,030$704$473$313$161
33 years$1,413$975$658$435$283$142
34 years$1,356$924$614$400$256$126
35 years$1,303$877$574$368$232$111
36 years$1,253$832$537$339$210$98
37 years$1,206$790$503$312$191$86
38 years$1,161$751$471$288$173$76
39 years$1,119$714$441$266$157$67
40 years$1,079$680$414$245$142$60
41 years$1,041$647$388$226$129$53
42 years$1,005$616$364$209$117$46
43 years$970$587$341$193$106$41
44 years$937$560$320$178$96$36
45 years$906$534$301$164$88$32
46 years$877$509$283$152$79$28
47 years$848$486$265$140$72$25
48 years$821$464$249$129$66$22
49 years$795$443$234$120$60$20
50 years$770$423$220$111$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $789,000, adding $3,912 every year, while hoping to spend $24,772 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: 73/5/22 Blend
59$789,000$789,000$789,000$789,000
60$873,513$831,696$819,467$932,311
61$936,254$846,092$820,562$986,349
62$1,004,565$860,363$820,863$1,042,189
63$1,078,987$874,477$820,318$1,102,747
64$1,160,116$888,399$818,871$1,168,488
65$1,248,609$902,092$816,465$1,239,925
66$1,345,189$915,516$813,038$1,317,624
67$1,450,650$928,629$808,527$1,402,207
68$1,565,869$941,384$802,865$1,494,362
69$1,691,808$953,732$795,981$1,594,844
70$1,829,529$965,621$787,803$1,704,489
71$1,980,200$976,996$778,254$1,824,215
72$2,145,107$987,795$767,252$1,955,037
73$2,325,667$997,956$754,714$2,098,071
74$2,523,439$1,007,410$740,551$2,254,548
75$2,740,141$1,016,085$724,671$2,425,825
76$2,977,666$1,023,903$706,978$2,613,399
77$3,238,096$1,030,783$687,369$2,818,919
78$3,523,726$1,036,635$665,741$3,044,201
79$3,837,084$1,041,368$641,981$3,291,249
80$4,180,953$1,044,882$615,974$3,562,272
81$4,558,400$1,047,071$587,599$3,859,702
82$4,972,803$1,047,824$556,730$4,186,224
83$5,427,883$1,047,021$523,234$4,544,794
84$5,927,738$1,044,536$486,973$4,938,671
85$6,476,884$1,040,235$447,804$5,371,448
86$7,080,296$1,033,976$405,574$5,847,086
87$7,743,452$1,025,607$360,128$6,369,948
88$8,472,391$1,014,969$311,299$6,944,847
89$9,273,764$1,001,891$258,916$7,577,084
90$10,154,898$986,194$202,800$8,272,506
91$11,123,866$967,686$142,763$9,037,553
92$12,189,565$946,167$78,609$9,879,327
93$13,361,793$921,422$10,135$10,805,654
94$14,651,349$893,224$0$11,825,160
95$16,070,128$861,334$0$12,962,127
96$17,631,241$825,499$0$14,215,758
97$19,349,128$785,449$0$15,595,278
98$21,239,704$740,901$0$17,113,471
99$23,320,503$691,555$0$18,784,428
100$25,610,846$637,092$0$20,623,675