Can I retire at age 60 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$65,981$65,393$64,820$64,260$63,713$61,477
2 years$32,664$32,055$31,466$30,894$30,340$28,110
3 years$21,559$20,949$20,360$19,794$19,249$17,096
4 years$16,008$15,399$14,817$14,261$13,728$11,669
5 years$12,679$12,073$11,499$10,954$10,436$8,475
6 years$10,460$9,859$9,293$8,760$8,258$6,397
7 years$8,875$8,279$7,722$7,202$6,716$4,955
8 years$7,687$7,097$6,549$6,041$5,571$3,909
9 years$6,764$6,179$5,641$5,146$4,692$3,126
10 years$6,026$5,447$4,918$4,436$3,998$2,525
11 years$5,422$4,849$4,329$3,860$3,438$2,056
12 years$4,919$4,352$3,842$3,386$2,979$1,685
13 years$4,494$3,933$3,433$2,989$2,598$1,387
14 years$4,131$3,575$3,084$2,654$2,278$1,147
15 years$3,815$3,266$2,785$2,367$2,005$951
16 years$3,540$2,996$2,525$2,119$1,772$791
17 years$3,297$2,759$2,298$1,904$1,571$659
18 years$3,081$2,550$2,097$1,716$1,397$550
19 years$2,889$2,363$1,920$1,550$1,245$460
20 years$2,716$2,196$1,762$1,404$1,112$385
21 years$2,559$2,045$1,621$1,274$995$323
22 years$2,417$1,909$1,494$1,159$892$271
23 years$2,287$1,786$1,379$1,055$801$227
24 years$2,169$1,673$1,276$962$720$191
25 years$2,060$1,570$1,181$879$648$160
26 years$1,960$1,476$1,096$804$584$135
27 years$1,867$1,389$1,017$736$526$113
28 years$1,781$1,309$946$674$475$95
29 years$1,701$1,235$880$618$429$80
30 years$1,626$1,166$820$567$387$68
31 years$1,557$1,102$764$521$350$57
32 years$1,492$1,043$713$479$317$48
33 years$1,431$988$666$440$287$40
34 years$1,374$936$622$405$260$34
35 years$1,320$888$582$373$235$29
36 years$1,269$843$544$343$213$24
37 years$1,221$800$509$316$193$20
38 years$1,176$761$477$292$175$17
39 years$1,133$723$447$269$159$14
40 years$1,092$688$419$248$144$12
41 years$1,054$655$393$229$131$10
42 years$1,017$624$368$211$119$9
43 years$982$594$346$195$108$7
44 years$949$567$324$180$98$6
45 years$918$540$305$166$89$5
46 years$888$515$286$154$80$4
47 years$859$492$269$142$73$4
48 years$831$470$253$131$66$3
49 years$805$448$237$121$60$3
50 years$780$428$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $799,000, adding $5,131 every year, while hoping to spend $56,911 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: 47/44/9 Blend
59$799,000$799,000$799,000$799,000
60$885,791$843,444$831,059$925,003
61$915,588$824,220$798,347$933,296
62$946,518$802,146$762,631$935,944
63$978,635$777,023$723,751$937,509
64$1,011,999$748,640$681,540$937,910
65$1,046,672$716,773$635,821$937,059
66$1,082,723$681,185$586,411$934,866
67$1,120,223$641,626$533,118$931,234
68$1,159,251$597,830$475,743$926,064
69$1,199,889$549,519$414,075$919,250
70$1,242,229$496,396$347,898$910,681
71$1,286,365$438,149$276,981$900,243
72$1,332,403$374,446$201,088$887,814
73$1,380,453$304,939$119,970$873,269
74$1,430,637$229,259$33,367$856,476
75$1,483,085$147,016$0$837,297
76$1,537,938$57,798$0$821,261
77$1,595,350$0$0$806,335
78$1,655,484$0$0$807,986
79$1,718,520$0$0$839,077
80$1,784,652$0$0$871,723
81$1,854,092$0$0$906,031
82$1,927,067$0$0$942,118
83$2,003,828$0$0$980,112
84$2,084,644$0$0$1,020,151
85$2,169,811$0$0$1,062,386
86$2,259,650$0$0$1,106,981
87$2,354,511$0$0$1,154,117
88$2,454,776$0$0$1,203,989
89$2,560,861$0$0$1,256,810
90$2,673,221$0$0$1,312,814
91$2,792,353$0$0$1,372,257
92$2,918,800$0$0$1,435,418
93$3,053,156$0$0$1,502,601
94$3,196,070$0$0$1,574,142
95$3,348,254$0$0$1,650,405
96$3,510,485$0$0$1,731,792
97$3,683,616$0$0$1,818,741
98$3,868,581$0$0$1,911,733
99$4,066,403$0$0$2,011,296
100$4,278,205$0$0$2,118,009