Can I retire at age 60 with 796,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$65,733$65,147$64,576$64,019$63,474$61,814
2 years$32,541$31,935$31,348$30,778$30,226$28,565
3 years$21,479$20,870$20,284$19,720$19,176$17,566
4 years$15,948$15,342$14,762$14,207$13,677$12,130
5 years$12,631$12,028$11,456$10,912$10,397$8,918
6 years$10,420$9,822$9,258$8,727$8,227$6,816
7 years$8,842$8,248$7,693$7,175$6,691$5,349
8 years$7,659$7,070$6,525$6,019$5,550$4,278
9 years$6,739$6,156$5,620$5,127$4,674$3,469
10 years$6,003$5,426$4,899$4,419$3,983$2,843
11 years$5,402$4,831$4,313$3,846$3,425$2,350
12 years$4,901$4,336$3,828$3,373$2,968$1,955
13 years$4,478$3,918$3,420$2,978$2,588$1,635
14 years$4,115$3,562$3,073$2,644$2,269$1,373
15 years$3,801$3,254$2,774$2,358$1,998$1,158
16 years$3,527$2,985$2,515$2,111$1,766$979
17 years$3,285$2,749$2,289$1,897$1,566$830
18 years$3,070$2,540$2,089$1,709$1,392$705
19 years$2,878$2,354$1,913$1,545$1,241$599
20 years$2,705$2,188$1,755$1,399$1,108$511
21 years$2,549$2,038$1,615$1,270$992$436
22 years$2,408$1,902$1,488$1,154$889$372
23 years$2,279$1,779$1,374$1,051$798$318
24 years$2,161$1,667$1,271$959$717$272
25 years$2,052$1,564$1,177$876$645$233
26 years$1,952$1,470$1,092$801$581$199
27 years$1,860$1,384$1,014$733$524$171
28 years$1,774$1,304$942$671$473$146
29 years$1,694$1,230$877$616$427$125
30 years$1,620$1,162$817$565$386$108
31 years$1,551$1,098$761$519$349$92
32 years$1,486$1,039$710$477$316$79
33 years$1,426$984$663$439$286$68
34 years$1,368$933$620$404$259$58
35 years$1,315$885$579$372$234$50
36 years$1,264$840$542$342$212$43
37 years$1,217$797$507$315$192$37
38 years$1,171$758$475$291$174$32
39 years$1,129$721$445$268$158$27
40 years$1,088$686$417$247$143$23
41 years$1,050$653$391$228$130$20
42 years$1,013$622$367$210$118$17
43 years$979$592$344$194$107$15
44 years$946$564$323$179$97$13
45 years$914$538$304$166$88$11
46 years$884$513$285$153$80$9
47 years$856$490$268$141$73$8
48 years$828$468$252$131$66$7
49 years$802$447$237$121$60$6
50 years$777$427$222$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $796,000, adding $4,259 every year, while hoping to spend $36,043 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: 62/23/15 Blend
59$796,000$796,000$796,000$796,000
60$881,585$839,397$827,059$932,721
61$933,157$842,178$816,416$970,378
62$988,782$843,887$804,209$1,006,999
63$1,048,834$844,434$790,346$1,046,111
64$1,113,726$843,723$774,734$1,087,958
65$1,183,912$841,651$757,273$1,132,810
66$1,259,889$838,109$737,859$1,180,965
67$1,342,204$832,984$716,385$1,232,753
68$1,431,461$826,152$692,736$1,288,538
69$1,528,322$817,485$666,793$1,348,724
70$1,633,513$806,844$638,434$1,413,754
71$1,747,838$794,086$607,527$1,484,123
72$1,872,176$779,055$573,938$1,560,373
73$2,007,497$761,588$537,525$1,643,106
74$2,154,869$741,513$498,139$1,732,986
75$2,315,465$718,646$455,626$1,830,748
76$2,490,576$692,794$409,823$1,937,202
77$2,681,626$663,751$360,563$2,053,243
78$2,890,178$631,302$307,668$2,179,863
79$3,117,956$595,215$250,955$2,318,155
80$3,366,856$555,249$190,231$2,469,325
81$3,638,967$511,148$125,295$2,634,708
82$3,936,586$462,639$55,937$2,815,776
83$4,262,246$409,436$0$3,014,156
84$4,618,733$351,236$0$3,234,538
85$5,009,116$287,719$0$3,485,752
86$5,436,776$218,547$0$3,761,065
87$5,905,434$143,363$0$4,062,933
88$6,419,189$61,788$0$4,394,066
89$6,982,556$0$0$4,757,451
90$7,600,508$0$0$5,163,111
91$8,278,522$0$0$5,625,416
92$9,022,630$0$0$6,132,851
93$9,839,478$0$0$6,689,953
94$10,736,385$0$0$7,301,723
95$11,721,415$0$0$7,973,671
96$12,803,451$0$0$8,711,862
97$13,992,277$0$0$9,522,983
98$15,298,675$0$0$10,414,397
99$16,734,519$0$0$11,394,218
100$18,312,893$0$0$12,471,383