Can I retire at age 60 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$65,733$65,147$64,576$64,019$63,474$61,516
2 years$32,541$31,935$31,348$30,778$30,226$28,270
3 years$21,479$20,870$20,284$19,720$19,176$17,285
4 years$15,948$15,342$14,762$14,207$13,677$11,863
5 years$12,631$12,028$11,456$10,912$10,397$8,667
6 years$10,420$9,822$9,258$8,727$8,227$6,581
7 years$8,842$8,248$7,693$7,175$6,691$5,130
8 years$7,659$7,070$6,525$6,019$5,550$4,073
9 years$6,739$6,156$5,620$5,127$4,674$3,279
10 years$6,003$5,426$4,899$4,419$3,983$2,667
11 years$5,402$4,831$4,313$3,846$3,425$2,187
12 years$4,901$4,336$3,828$3,373$2,968$1,805
13 years$4,478$3,918$3,420$2,978$2,588$1,498
14 years$4,115$3,562$3,073$2,644$2,269$1,248
15 years$3,801$3,254$2,774$2,358$1,998$1,043
16 years$3,527$2,985$2,515$2,111$1,766$874
17 years$3,285$2,749$2,289$1,897$1,566$735
18 years$3,070$2,540$2,089$1,709$1,392$618
19 years$2,878$2,354$1,913$1,545$1,241$521
20 years$2,705$2,188$1,755$1,399$1,108$440
21 years$2,549$2,038$1,615$1,270$992$372
22 years$2,408$1,902$1,488$1,154$889$315
23 years$2,279$1,779$1,374$1,051$798$266
24 years$2,161$1,667$1,271$959$717$226
25 years$2,052$1,564$1,177$876$645$191
26 years$1,952$1,470$1,092$801$581$162
27 years$1,860$1,384$1,014$733$524$138
28 years$1,774$1,304$942$671$473$117
29 years$1,694$1,230$877$616$427$99
30 years$1,620$1,162$817$565$386$84
31 years$1,551$1,098$761$519$349$72
32 years$1,486$1,039$710$477$316$61
33 years$1,426$984$663$439$286$52
34 years$1,368$933$620$404$259$44
35 years$1,315$885$579$372$234$37
36 years$1,264$840$542$342$212$32
37 years$1,217$797$507$315$192$27
38 years$1,171$758$475$291$174$23
39 years$1,129$721$445$268$158$19
40 years$1,088$686$417$247$143$17
41 years$1,050$653$391$228$130$14
42 years$1,013$622$367$210$118$12
43 years$979$592$344$194$107$10
44 years$946$564$323$179$97$9
45 years$914$538$304$166$88$7
46 years$884$513$285$153$80$6
47 years$856$490$268$141$73$5
48 years$828$468$252$131$66$5
49 years$802$447$237$121$60$4
50 years$777$427$222$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $796,000, adding $5,686 every year, while hoping to spend $29,246 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: 51/33/16 Blend
59$796,000$796,000$796,000$796,000
60$883,057$840,869$828,531$923,954
61$942,011$850,954$825,169$962,743
62$1,005,999$860,553$820,715$1,001,363
63$1,075,502$869,612$815,100$1,042,707
64$1,151,051$878,071$808,254$1,087,040
65$1,233,231$885,869$800,103$1,134,658
66$1,322,684$892,939$790,569$1,185,885
67$1,420,116$899,211$779,572$1,241,080
68$1,526,305$904,610$767,025$1,300,642
69$1,642,108$909,056$752,840$1,365,008
70$1,768,466$912,463$736,923$1,434,664
71$1,906,417$914,741$719,178$1,510,145
72$2,057,103$915,795$699,501$1,592,042
73$2,221,779$915,521$677,787$1,681,010
74$2,401,831$913,812$653,923$1,777,769
75$2,598,781$910,551$627,793$1,883,117
76$2,814,307$905,619$599,274$1,997,935
77$3,050,255$898,883$568,239$2,123,194
78$3,308,661$890,208$534,554$2,259,968
79$3,591,762$879,446$498,080$2,409,442
80$3,902,028$866,445$458,671$2,572,926
81$4,242,173$851,039$416,175$2,751,865
82$4,615,191$833,056$370,433$2,947,853
83$5,024,376$812,311$321,278$3,162,652
84$5,473,359$788,611$268,538$3,398,207
85$5,966,137$761,749$212,030$3,656,662
86$6,507,116$731,508$151,566$3,940,388
87$7,101,147$697,656$86,947$4,251,998
88$7,753,573$659,950$17,969$4,594,377
89$8,470,282$618,132$0$4,970,709
90$9,257,759$571,929$0$5,394,008
91$10,123,149$521,053$0$5,862,541
92$11,074,324$465,198$0$6,377,557
93$12,119,955$404,043$0$6,943,817
94$13,269,597$337,247$0$7,566,573
95$14,533,773$264,450$0$8,251,615
96$15,924,082$185,272$0$9,005,329
97$17,453,301$99,312$0$9,834,758
98$19,135,506$6,147$0$10,747,665
99$20,986,208$0$0$11,752,612
100$23,022,496$0$0$12,893,420