Can I retire at age 60 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$65,485$64,902$64,333$63,777$63,235$62,290
2 years$32,418$31,815$31,230$30,662$30,112$29,162
3 years$21,398$20,791$20,208$19,646$19,104$18,179
4 years$15,888$15,284$14,706$14,154$13,625$12,732
5 years$12,584$11,983$11,412$10,871$10,358$9,498
6 years$10,381$9,785$9,223$8,694$8,196$7,372
7 years$8,809$8,217$7,664$7,148$6,665$5,877
8 years$7,630$7,044$6,500$5,996$5,530$4,777
9 years$6,713$6,133$5,598$5,107$4,657$3,939
10 years$5,981$5,406$4,881$4,403$3,968$3,285
11 years$5,381$4,812$4,297$3,832$3,412$2,763
12 years$4,883$4,319$3,813$3,361$2,957$2,341
13 years$4,461$3,903$3,407$2,967$2,579$1,995
14 years$4,100$3,548$3,061$2,634$2,260$1,708
15 years$3,787$3,241$2,764$2,349$1,990$1,468
16 years$3,513$2,974$2,506$2,103$1,759$1,266
17 years$3,272$2,739$2,280$1,890$1,560$1,095
18 years$3,058$2,531$2,082$1,703$1,387$949
19 years$2,867$2,345$1,906$1,539$1,236$824
20 years$2,695$2,180$1,749$1,394$1,104$717
21 years$2,540$2,030$1,609$1,265$988$625
22 years$2,399$1,895$1,483$1,150$886$545
23 years$2,270$1,772$1,369$1,047$795$476
24 years$2,153$1,661$1,266$955$715$417
25 years$2,044$1,558$1,173$872$643$365
26 years$1,945$1,465$1,088$798$579$319
27 years$1,853$1,378$1,010$730$522$280
28 years$1,767$1,299$939$669$471$245
29 years$1,688$1,225$874$613$425$215
30 years$1,614$1,157$814$563$384$189
31 years$1,545$1,094$759$517$348$166
32 years$1,481$1,035$708$475$314$146
33 years$1,420$980$661$437$285$128
34 years$1,363$929$617$402$258$112
35 years$1,310$881$577$370$233$99
36 years$1,259$836$540$341$211$87
37 years$1,212$794$505$314$192$76
38 years$1,167$755$473$289$174$67
39 years$1,124$718$443$267$158$59
40 years$1,084$683$416$246$143$52
41 years$1,046$650$390$227$130$46
42 years$1,010$619$366$210$118$40
43 years$975$590$343$194$107$35
44 years$942$562$322$179$97$31
45 years$911$536$302$165$88$27
46 years$881$512$284$152$80$24
47 years$852$488$267$141$73$21
48 years$825$466$251$130$66$19
49 years$799$445$236$120$60$16
50 years$774$425$222$111$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $793,000, adding $4,879 every year, while hoping to spend $25,322 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: 35/46/19 Blend
59$793,000$793,000$793,000$793,000
60$878,919$836,890$824,598$904,429
61$941,626$850,955$825,280$937,602
62$1,009,881$864,861$825,136$970,664
63$1,084,222$878,572$824,111$1,005,809
64$1,165,243$892,053$822,149$1,043,237
65$1,253,597$905,262$819,190$1,083,169
66$1,350,002$918,158$815,172$1,125,848
67$1,455,250$930,695$810,027$1,171,545
68$1,570,210$942,825$803,688$1,220,559
69$1,695,842$954,493$796,082$1,273,221
70$1,833,201$965,646$787,133$1,329,895
71$1,983,448$976,224$776,763$1,390,986
72$2,147,863$986,163$764,888$1,456,939
73$2,327,855$995,394$751,422$1,528,250
74$2,524,975$1,003,847$736,273$1,605,463
75$2,740,931$1,011,444$719,347$1,689,181
76$2,977,604$1,018,103$700,543$1,780,071
77$3,237,067$1,023,737$679,758$1,878,870
78$3,521,600$1,028,253$656,883$1,986,392
79$3,833,718$1,031,552$631,804$2,103,537
80$4,176,190$1,033,530$604,401$2,231,297
81$4,552,063$1,034,075$574,550$2,370,771
82$4,964,697$1,033,069$542,121$2,523,173
83$5,417,792$1,030,385$506,978$2,689,841
84$5,915,424$1,025,891$468,979$2,872,256
85$6,462,082$1,019,445$427,975$3,072,051
86$7,062,713$1,010,896$383,811$3,291,032
87$7,722,765$1,000,085$336,324$3,531,193
88$8,448,242$986,844$285,346$3,794,732
89$9,245,757$970,994$230,699$4,084,081
90$10,122,596$952,344$172,199$4,401,922
91$11,086,786$930,694$109,653$4,751,216
92$12,147,172$905,832$42,860$5,135,233
93$13,313,497$877,532$0$5,557,581
94$14,596,498$845,555$0$6,028,004
95$16,008,003$809,649$0$6,554,785
96$17,561,046$769,549$0$7,134,122
97$19,269,986$724,970$0$7,771,418
98$21,150,646$675,615$0$8,472,632
99$23,220,459$621,168$0$9,244,334
100$25,498,636$561,295$0$10,093,772