Can I retire at age 60 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$65,816$65,229$64,657$64,099$63,554$62,093
2 years$32,582$31,975$31,387$30,817$30,264$28,800
3 years$21,506$20,896$20,309$19,745$19,201$17,780
4 years$15,968$15,361$14,780$14,225$13,694$12,327
5 years$12,647$12,043$11,470$10,926$10,410$9,101
6 years$10,433$9,834$9,269$8,738$8,237$6,987
7 years$8,853$8,259$7,703$7,184$6,699$5,508
8 years$7,668$7,079$6,533$6,026$5,557$4,425
9 years$6,747$6,164$5,627$5,133$4,680$3,606
10 years$6,011$5,433$4,905$4,425$3,988$2,970
11 years$5,409$4,837$4,319$3,851$3,430$2,467
12 years$4,907$4,341$3,833$3,378$2,972$2,063
13 years$4,483$3,923$3,424$2,982$2,592$1,735
14 years$4,120$3,566$3,077$2,647$2,272$1,465
15 years$3,806$3,258$2,778$2,361$2,000$1,242
16 years$3,531$2,989$2,519$2,114$1,768$1,056
17 years$3,289$2,753$2,292$1,899$1,568$901
18 years$3,074$2,544$2,092$1,712$1,394$769
19 years$2,882$2,357$1,915$1,547$1,242$658
20 years$2,709$2,191$1,758$1,401$1,110$564
21 years$2,553$2,040$1,617$1,271$993$484
22 years$2,411$1,905$1,490$1,156$890$416
23 years$2,282$1,781$1,376$1,053$799$358
24 years$2,163$1,669$1,272$960$718$308
25 years$2,055$1,566$1,178$877$646$265
26 years$1,955$1,472$1,093$802$582$229
27 years$1,862$1,385$1,015$734$525$197
28 years$1,776$1,305$944$672$474$170
29 years$1,697$1,232$878$617$428$147
30 years$1,622$1,163$818$566$386$127
31 years$1,553$1,099$762$520$349$109
32 years$1,488$1,040$711$478$316$95
33 years$1,427$985$664$439$286$82
34 years$1,370$934$621$404$259$71
35 years$1,316$886$580$372$234$61
36 years$1,266$841$543$343$212$53
37 years$1,218$798$508$316$193$46
38 years$1,173$759$476$291$175$39
39 years$1,130$721$446$268$158$34
40 years$1,090$686$418$247$144$29
41 years$1,051$653$392$228$130$25
42 years$1,015$622$367$211$118$22
43 years$980$593$345$194$107$19
44 years$947$565$324$180$97$16
45 years$915$539$304$166$88$14
46 years$885$514$285$153$80$12
47 years$857$491$268$142$73$11
48 years$829$468$252$131$66$9
49 years$803$447$237$121$60$8
50 years$778$427$223$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $797,000, adding $5,923 every year, while hoping to spend $59,846 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: 86/6/8 Blend
59$797,000$797,000$797,000$797,000
60$884,404$842,163$829,809$959,211
61$910,937$819,753$793,932$986,494
62$938,171$794,239$754,847$1,007,654
63$966,114$765,407$712,384$1,029,004
64$994,773$733,027$666,365$1,050,521
65$1,024,154$696,859$616,602$1,072,181
66$1,054,261$656,649$562,901$1,093,955
67$1,085,097$612,126$505,060$1,115,813
68$1,116,662$563,005$442,864$1,137,719
69$1,148,955$508,985$376,093$1,159,635
70$1,181,970$449,748$304,515$1,181,519
71$1,215,702$384,956$227,887$1,203,321
72$1,250,139$314,255$145,957$1,224,989
73$1,285,268$237,268$58,460$1,246,465
74$1,321,070$153,598$0$1,267,683
75$1,357,521$62,827$0$1,291,552
76$1,394,594$0$0$1,320,532
77$1,432,255$0$0$1,351,909
78$1,470,463$0$0$1,387,947
79$1,509,169$0$0$1,424,452
80$1,548,318$0$0$1,461,371
81$1,587,845$0$0$1,498,643
82$1,627,674$0$0$1,536,194
83$1,667,718$0$0$1,573,944
84$1,707,878$0$0$1,611,797
85$1,748,042$0$0$1,649,647
86$1,788,080$0$0$1,687,370
87$1,827,846$0$0$1,724,830
88$1,867,176$0$0$1,761,869
89$1,905,884$0$0$1,798,311
90$1,943,760$0$0$1,833,957
91$1,980,568$0$0$1,868,583
92$2,016,046$0$0$1,901,940
93$2,049,896$0$0$1,933,747
94$2,081,788$0$0$1,963,688
95$2,111,351$0$0$1,991,414
96$2,138,171$0$0$2,016,531
97$2,161,789$0$0$2,038,603
98$2,181,689$0$0$2,057,143
99$2,197,301$0$0$2,071,608
100$2,207,986$0$0$2,081,394