Can I retire at age 60 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$65,320$64,738$64,171$63,616$63,075$62,495
2 years$32,337$31,734$31,151$30,585$30,036$29,451
3 years$21,344$20,739$20,157$19,596$19,056$18,485
4 years$15,848$15,245$14,669$14,118$13,591$13,038
5 years$12,552$11,952$11,384$10,844$10,332$9,798
6 years$10,355$9,760$9,200$8,672$8,175$7,662
7 years$8,786$8,196$7,645$7,130$6,648$6,156
8 years$7,610$7,026$6,484$5,981$5,516$5,044
9 years$6,696$6,117$5,584$5,094$4,645$4,194
10 years$5,965$5,392$4,868$4,391$3,958$3,527
11 years$5,368$4,800$4,286$3,822$3,404$2,993
12 years$4,870$4,308$3,804$3,352$2,950$2,558
13 years$4,449$3,894$3,398$2,960$2,572$2,200
14 years$4,089$3,539$3,054$2,627$2,255$1,901
15 years$3,777$3,233$2,757$2,343$1,985$1,650
16 years$3,504$2,966$2,500$2,098$1,755$1,436
17 years$3,264$2,732$2,275$1,885$1,556$1,255
18 years$3,051$2,524$2,076$1,699$1,383$1,098
19 years$2,860$2,340$1,901$1,535$1,233$964
20 years$2,688$2,174$1,744$1,390$1,101$847
21 years$2,533$2,025$1,605$1,262$986$746
22 years$2,393$1,890$1,479$1,147$883$658
23 years$2,265$1,768$1,365$1,045$793$581
24 years$2,147$1,656$1,263$953$713$514
25 years$2,039$1,554$1,170$870$641$454
26 years$1,940$1,461$1,085$796$578$402
27 years$1,848$1,375$1,007$728$521$357
28 years$1,763$1,296$936$667$470$316
29 years$1,684$1,222$871$612$424$281
30 years$1,610$1,154$812$562$383$249
31 years$1,541$1,091$757$516$347$221
32 years$1,477$1,032$706$474$314$197
33 years$1,417$978$659$436$284$175
34 years$1,360$927$616$401$257$155
35 years$1,307$879$576$369$233$138
36 years$1,256$834$539$340$211$123
37 years$1,209$792$504$313$191$109
38 years$1,164$753$472$289$173$97
39 years$1,122$716$442$266$157$87
40 years$1,081$681$415$246$143$77
41 years$1,043$649$389$227$129$69
42 years$1,007$618$365$209$117$61
43 years$973$588$342$193$106$54
44 years$940$561$321$178$97$48
45 years$909$535$302$165$88$43
46 years$879$510$283$152$80$38
47 years$850$487$266$140$72$34
48 years$823$465$250$130$66$30
49 years$797$444$235$120$60$27
50 years$772$424$221$111$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $791,000, adding $5,685 every year, while hoping to spend $24,891 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: 57/29/14 Blend
59$791,000$791,000$791,000$791,000
60$877,546$835,623$823,363$924,107
61$940,572$850,085$824,461$970,747
62$1,009,192$864,421$824,763$1,018,319
63$1,083,951$878,599$824,214$1,069,578
64$1,165,448$892,584$822,759$1,124,882
65$1,254,342$906,339$820,339$1,184,624
66$1,351,359$919,823$816,894$1,249,241
67$1,457,297$932,994$812,360$1,319,211
68$1,573,036$945,806$806,669$1,395,062
69$1,699,544$958,208$799,750$1,477,379
70$1,837,886$970,150$791,531$1,566,803
71$1,989,237$981,573$781,934$1,664,044
72$2,154,887$992,419$770,877$1,769,883
73$2,336,261$1,002,622$758,277$1,885,182
74$2,534,925$1,012,116$744,044$2,010,892
75$2,752,603$1,020,826$728,085$2,148,062
76$2,991,197$1,028,675$710,305$2,297,847
77$3,252,799$1,035,580$690,600$2,461,521
78$3,539,715$1,041,453$668,865$2,640,492
79$3,854,482$1,046,201$644,988$2,836,308
80$4,199,898$1,049,723$618,854$3,050,680
81$4,579,042$1,051,914$590,340$3,285,492
82$4,995,308$1,052,661$559,320$3,542,824
83$5,452,432$1,051,845$525,660$3,824,967
84$5,954,533$1,049,338$489,223$4,134,449
85$6,506,146$1,045,006$449,862$4,474,057
86$7,112,267$1,038,706$407,427$4,846,865
87$7,778,401$1,030,285$361,758$5,256,261
88$8,510,612$1,019,583$312,692$5,705,981
89$9,315,582$1,006,430$260,054$6,200,145
90$10,200,670$990,644$203,664$6,743,296
91$11,173,987$972,033$143,335$7,340,443
92$12,244,466$950,396$78,870$7,997,107
93$13,421,953$925,516$10,063$8,719,377
94$14,717,292$897,167$0$9,513,966
95$16,142,435$865,107$0$10,397,740
96$17,710,547$829,081$0$11,371,613
97$19,436,137$788,820$0$12,443,110
98$21,335,189$744,039$0$13,622,185
99$23,425,316$694,434$0$14,919,810
100$25,725,926$639,689$0$16,348,077