Can I retire at age 60 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$65,403$64,820$64,252$63,697$63,155$60,649
2 years$32,378$31,775$31,190$30,624$30,074$27,580
3 years$21,371$20,765$20,182$19,621$19,080$16,678
4 years$15,868$15,264$14,687$14,136$13,608$11,315
5 years$12,568$11,968$11,398$10,858$10,345$8,166
6 years$10,368$9,772$9,211$8,683$8,185$6,123
7 years$8,797$8,207$7,655$7,139$6,657$4,710
8 years$7,620$7,035$6,492$5,988$5,523$3,690
9 years$6,705$6,125$5,591$5,101$4,651$2,929
10 years$5,973$5,399$4,875$4,397$3,963$2,348
11 years$5,375$4,806$4,292$3,827$3,408$1,897
12 years$4,876$4,314$3,809$3,357$2,953$1,542
13 years$4,455$3,899$3,403$2,963$2,575$1,259
14 years$4,094$3,544$3,057$2,630$2,258$1,032
15 years$3,782$3,237$2,760$2,346$1,988$849
16 years$3,509$2,970$2,503$2,101$1,757$700
17 years$3,268$2,735$2,277$1,887$1,558$578
18 years$3,054$2,528$2,079$1,701$1,385$478
19 years$2,863$2,343$1,903$1,537$1,234$396
20 years$2,692$2,177$1,747$1,392$1,103$329
21 years$2,537$2,028$1,607$1,263$987$273
22 years$2,396$1,893$1,481$1,149$884$227
23 years$2,267$1,770$1,367$1,046$794$189
24 years$2,150$1,659$1,264$954$714$157
25 years$2,042$1,556$1,171$871$642$131
26 years$1,942$1,463$1,086$797$578$109
27 years$1,850$1,377$1,009$729$522$91
28 years$1,765$1,297$938$668$471$75
29 years$1,686$1,224$873$613$425$63
30 years$1,612$1,156$813$562$384$52
31 years$1,543$1,093$758$516$347$44
32 years$1,479$1,034$707$475$314$36
33 years$1,418$979$660$436$284$30
34 years$1,362$928$617$402$257$25
35 years$1,308$880$577$370$233$21
36 years$1,258$835$539$340$211$18
37 years$1,210$793$505$314$191$15
38 years$1,166$754$473$289$173$12
39 years$1,123$717$443$267$157$10
40 years$1,083$682$415$246$143$8
41 years$1,045$649$389$227$129$7
42 years$1,008$618$365$209$117$6
43 years$974$589$343$193$107$5
44 years$941$562$322$178$97$4
45 years$910$536$302$165$88$3
46 years$880$511$284$152$80$3
47 years$851$488$266$141$72$2
48 years$824$465$250$130$66$2
49 years$798$444$235$120$60$2
50 years$773$425$221$111$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $792,000, adding $2,045 every year, while hoping to spend $53,934 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: 39/44/17 Blend
59$792,000$792,000$792,000$792,000
60$874,893$832,917$820,641$904,494
61$906,747$816,345$790,748$909,271
62$940,042$797,153$758,045$909,098
63$974,869$775,156$722,382$907,772
64$1,011,325$750,158$683,600$905,217
65$1,049,515$721,951$641,536$901,354
66$1,089,555$690,315$596,017$896,100
67$1,131,567$655,018$546,861$889,370
68$1,175,688$615,815$493,882$881,075
69$1,222,063$572,444$436,881$871,123
70$1,270,851$524,632$375,655$859,422
71$1,322,226$472,088$309,988$845,872
72$1,376,377$414,503$239,656$830,374
73$1,433,508$351,555$164,425$812,827
74$1,493,844$282,899$84,051$793,124
75$1,557,629$208,174$0$771,159
76$1,625,129$126,997$0$747,136
77$1,696,637$38,964$0$736,923
78$1,772,469$0$0$725,197
79$1,852,973$0$0$739,185
80$1,938,529$0$0$774,154
81$2,029,554$0$0$811,416
82$2,126,502$0$0$851,166
83$2,229,872$0$0$893,615
84$2,340,209$0$0$938,997
85$2,458,111$0$0$987,565
86$2,584,235$0$0$1,039,601
87$2,719,298$0$0$1,095,410
88$2,864,088$0$0$1,155,329
89$3,019,472$0$0$1,219,729
90$3,186,396$0$0$1,289,013
91$3,365,903$0$0$1,363,628
92$3,559,137$0$0$1,444,062
93$3,767,353$0$0$1,530,854
94$3,991,930$0$0$1,624,591
95$4,234,383$0$0$1,725,925
96$4,496,378$0$0$1,835,566
97$4,779,745$0$0$1,954,299
98$5,086,494$0$0$2,082,986
99$5,418,836$0$0$2,222,573
100$5,779,203$0$0$2,374,102