Can I retire at age 60 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$65,650$65,066$64,495$63,938$63,394$61,072
2 years$32,500$31,895$31,308$30,740$30,188$27,874
3 years$21,452$20,844$20,259$19,695$19,152$16,920
4 years$15,928$15,322$14,743$14,189$13,660$11,525
5 years$12,615$12,013$11,441$10,899$10,384$8,354
6 years$10,407$9,809$9,246$8,716$8,216$6,291
7 years$8,831$8,238$7,684$7,166$6,682$4,862
8 years$7,649$7,061$6,516$6,011$5,543$3,826
9 years$6,730$6,148$5,613$5,120$4,668$3,052
10 years$5,996$5,419$4,893$4,414$3,978$2,460
11 years$5,395$4,825$4,308$3,841$3,421$1,998
12 years$4,895$4,330$3,823$3,369$2,965$1,632
13 years$4,472$3,913$3,416$2,975$2,585$1,341
14 years$4,110$3,557$3,069$2,640$2,266$1,105
15 years$3,796$3,249$2,771$2,355$1,995$914
16 years$3,522$2,981$2,512$2,108$1,763$758
17 years$3,281$2,746$2,286$1,894$1,564$630
18 years$3,066$2,537$2,087$1,707$1,390$524
19 years$2,874$2,351$1,910$1,543$1,239$437
20 years$2,702$2,185$1,753$1,397$1,107$365
21 years$2,546$2,035$1,613$1,268$990$305
22 years$2,405$1,900$1,486$1,153$888$255
23 years$2,276$1,777$1,372$1,050$797$213
24 years$2,158$1,665$1,269$958$716$178
25 years$2,050$1,562$1,176$875$645$149
26 years$1,950$1,468$1,090$800$581$125
27 years$1,857$1,382$1,012$732$523$105
28 years$1,772$1,302$941$671$472$88
29 years$1,692$1,228$876$615$427$74
30 years$1,618$1,160$816$564$385$62
31 years$1,549$1,097$761$518$348$52
32 years$1,484$1,038$710$476$315$44
33 years$1,424$983$663$438$285$37
34 years$1,367$931$619$403$258$31
35 years$1,313$883$579$371$234$26
36 years$1,263$838$541$342$212$22
37 years$1,215$796$507$315$192$18
38 years$1,170$757$475$290$174$15
39 years$1,127$720$445$268$158$13
40 years$1,087$685$417$247$143$11
41 years$1,049$652$391$228$130$9
42 years$1,012$621$367$210$118$8
43 years$978$591$344$194$107$6
44 years$945$564$323$179$97$5
45 years$913$538$303$165$88$4
46 years$883$513$285$153$80$4
47 years$855$489$268$141$73$3
48 years$827$467$251$130$66$3
49 years$801$446$236$121$60$2
50 years$776$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $795,000, adding $2,073 every year, while hoping to spend $58,330 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: 81/10/9 Blend
59$795,000$795,000$795,000$795,000
60$878,228$836,093$823,771$948,060
61$905,745$814,999$789,304$973,015
62$934,113$790,917$751,729$992,493
63$963,359$763,637$710,877$1,012,119
64$993,507$732,941$666,577$1,031,878
65$1,024,585$698,595$618,648$1,051,752
66$1,056,619$660,354$566,899$1,071,722
67$1,089,639$617,955$511,135$1,091,768
68$1,123,671$571,124$451,147$1,111,867
69$1,158,746$519,569$386,720$1,131,994
70$1,194,892$462,983$317,630$1,152,124
71$1,232,142$401,039$243,641$1,172,228
72$1,270,525$333,395$164,508$1,192,274
73$1,310,073$259,686$79,973$1,212,229
74$1,350,818$179,529$0$1,232,058
75$1,392,794$92,518$0$1,252,704
76$1,436,034$0$0$1,281,401
77$1,480,571$0$0$1,310,641
78$1,526,440$0$0$1,351,240
79$1,573,675$0$0$1,393,047
80$1,622,311$0$0$1,436,094
81$1,672,384$0$0$1,480,412
82$1,723,930$0$0$1,526,032
83$1,776,984$0$0$1,572,986
84$1,831,581$0$0$1,621,305
85$1,887,757$0$0$1,671,021
86$1,945,548$0$0$1,722,165
87$2,004,989$0$0$1,774,767
88$2,066,115$0$0$1,828,859
89$2,128,958$0$0$1,884,469
90$2,193,553$0$0$1,941,627
91$2,259,930$0$0$2,000,361
92$2,328,121$0$0$2,060,698
93$2,398,155$0$0$2,122,662
94$2,470,058$0$0$2,186,277
95$2,543,854$0$0$2,251,565
96$2,619,566$0$0$2,318,545
97$2,697,212$0$0$2,387,232
98$2,776,807$0$0$2,457,639
99$2,858,363$0$0$2,529,775
100$2,941,883$0$0$2,603,645