Can I retire at age 60 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$65,237$64,656$64,089$63,536$62,996$62,572
2 years$32,296$31,694$31,111$30,546$29,998$29,571
3 years$21,317$20,713$20,131$19,571$19,032$18,615
4 years$15,828$15,226$14,650$14,100$13,574$13,169
5 years$12,536$11,937$11,369$10,830$10,319$9,928
6 years$10,342$9,748$9,188$8,661$8,165$7,789
7 years$8,775$8,186$7,635$7,121$6,640$6,279
8 years$7,601$7,017$6,475$5,973$5,509$5,162
9 years$6,688$6,110$5,577$5,088$4,639$4,307
10 years$5,958$5,385$4,862$4,386$3,953$3,635
11 years$5,361$4,794$4,281$3,817$3,399$3,096
12 years$4,864$4,303$3,799$3,348$2,946$2,657
13 years$4,444$3,889$3,394$2,956$2,569$2,293
14 years$4,084$3,535$3,050$2,624$2,252$1,990
15 years$3,772$3,229$2,753$2,340$1,983$1,733
16 years$3,500$2,963$2,496$2,095$1,752$1,516
17 years$3,260$2,728$2,272$1,883$1,554$1,329
18 years$3,047$2,521$2,074$1,697$1,382$1,169
19 years$2,856$2,337$1,898$1,533$1,231$1,030
20 years$2,685$2,171$1,742$1,388$1,100$910
21 years$2,530$2,022$1,603$1,260$984$805
22 years$2,390$1,888$1,477$1,146$882$713
23 years$2,262$1,766$1,364$1,043$792$632
24 years$2,144$1,654$1,261$952$712$561
25 years$2,037$1,553$1,168$869$641$499
26 years$1,938$1,459$1,083$795$577$444
27 years$1,846$1,373$1,006$727$520$395
28 years$1,761$1,294$935$666$469$352
29 years$1,682$1,221$870$611$424$314
30 years$1,608$1,153$811$561$383$280
31 years$1,539$1,090$756$515$346$250
32 years$1,475$1,031$705$473$313$223
33 years$1,415$977$658$435$283$199
34 years$1,358$926$615$401$257$178
35 years$1,305$878$575$369$232$159
36 years$1,255$833$538$340$211$142
37 years$1,207$791$504$313$191$127
38 years$1,163$752$472$288$173$114
39 years$1,120$715$442$266$157$102
40 years$1,080$680$414$245$142$91
41 years$1,042$648$388$226$129$82
42 years$1,006$617$364$209$117$73
43 years$971$588$342$193$106$65
44 years$939$560$321$178$97$58
45 years$907$534$301$164$88$52
46 years$878$510$283$152$80$47
47 years$849$486$266$140$72$42
48 years$822$464$250$130$66$38
49 years$796$443$235$120$60$34
50 years$771$424$221$111$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $790,000, adding $4,524 every year, while hoping to spend $34,935 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: 43/46/11 Blend
59$790,000$790,000$790,000$790,000
60$875,247$833,377$821,132$909,905
61$927,351$837,041$811,469$938,197
62$983,599$839,715$800,312$964,955
63$1,044,377$841,312$787,573$993,162
64$1,110,109$841,741$773,162$1,022,966
65$1,181,260$840,906$756,982$1,054,530
66$1,258,343$838,705$738,936$1,088,035
67$1,341,921$835,029$718,917$1,123,686
68$1,432,614$829,762$696,818$1,161,706
69$1,531,102$822,783$672,523$1,202,348
70$1,638,136$813,960$645,914$1,245,890
71$1,754,540$803,158$616,866$1,292,643
72$1,881,220$790,230$585,248$1,342,950
73$2,019,174$775,021$550,924$1,397,196
74$2,169,501$757,368$513,751$1,455,805
75$2,333,410$737,098$473,581$1,519,249
76$2,512,229$714,028$430,257$1,588,054
77$2,707,423$687,962$383,618$1,662,799
78$2,920,604$658,696$333,493$1,744,131
79$3,153,546$626,012$279,705$1,832,766
80$3,408,201$589,681$222,069$1,929,497
81$3,686,721$549,458$160,391$2,035,203
82$3,991,473$505,088$94,470$2,150,861
83$4,325,063$456,297$24,095$2,277,549
84$4,690,363$402,799$0$2,416,466
85$5,090,534$344,291$0$2,574,923
86$5,529,059$280,450$0$2,751,809
87$6,009,770$210,940$0$2,945,946
88$6,536,891$135,400$0$3,159,163
89$7,115,073$53,455$0$3,393,480
90$7,749,440$0$0$3,651,134
91$8,445,634$0$0$3,952,460
92$9,209,871$0$0$4,313,039
93$10,048,998$0$0$4,709,057
94$10,970,557$0$0$5,144,085
95$11,982,856$0$0$5,622,059
96$13,095,049$0$0$6,147,314
97$14,317,219$0$0$6,724,627
98$15,660,475$0$0$7,359,261
99$17,137,053$0$0$8,057,012
100$18,760,438$0$0$8,824,267