Can I retire at age 60 with 799,000?

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 $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%15%
1 years$65,981$65,393$64,820$64,260$63,713$62,401
2 years$32,664$32,055$31,466$30,894$30,340$29,024
3 years$21,559$20,949$20,360$19,794$19,249$17,970
4 years$16,008$15,399$14,817$14,261$13,728$12,497
5 years$12,679$12,073$11,499$10,954$10,436$9,255
6 years$10,460$9,859$9,293$8,760$8,258$7,129
7 years$8,875$8,279$7,722$7,202$6,716$5,639
8 years$7,687$7,097$6,549$6,041$5,571$4,546
9 years$6,764$6,179$5,641$5,146$4,692$3,718
10 years$6,026$5,447$4,918$4,436$3,998$3,073
11 years$5,422$4,849$4,329$3,860$3,438$2,563
12 years$4,919$4,352$3,842$3,386$2,979$2,152
13 years$4,494$3,933$3,433$2,989$2,598$1,817
14 years$4,131$3,575$3,084$2,654$2,278$1,541
15 years$3,815$3,266$2,785$2,367$2,005$1,311
16 years$3,540$2,996$2,525$2,119$1,772$1,120
17 years$3,297$2,759$2,298$1,904$1,571$959
18 years$3,081$2,550$2,097$1,716$1,397$823
19 years$2,889$2,363$1,920$1,550$1,245$707
20 years$2,716$2,196$1,762$1,404$1,112$609
21 years$2,559$2,045$1,621$1,274$995$525
22 years$2,417$1,909$1,494$1,159$892$453
23 years$2,287$1,786$1,379$1,055$801$392
24 years$2,169$1,673$1,276$962$720$339
25 years$2,060$1,570$1,181$879$648$293
26 years$1,960$1,476$1,096$804$584$254
27 years$1,867$1,389$1,017$736$526$220
28 years$1,781$1,309$946$674$475$191
29 years$1,701$1,235$880$618$429$165
30 years$1,626$1,166$820$567$387$144
31 years$1,557$1,102$764$521$350$125
32 years$1,492$1,043$713$479$317$108
33 years$1,431$988$666$440$287$94
34 years$1,374$936$622$405$260$82
35 years$1,320$888$582$373$235$71
36 years$1,269$843$544$343$213$62
37 years$1,221$800$509$316$193$53
38 years$1,176$761$477$292$175$46
39 years$1,133$723$447$269$159$40
40 years$1,092$688$419$248$144$35
41 years$1,054$655$393$229$131$30
42 years$1,017$624$368$211$119$26
43 years$982$594$346$195$108$23
44 years$949$567$324$180$98$20
45 years$918$540$305$166$89$17
46 years$888$515$286$154$80$15
47 years$859$492$269$142$73$13
48 years$831$470$253$131$66$11
49 years$805$448$237$121$60$10
50 years$780$428$223$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $799,000, adding $3,403 every year, while hoping to spend $59,509 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: 70/17/13 Blend
59$799,000$799,000$799,000$799,000
60$884,008$841,661$829,277$943,140
61$910,860$819,585$793,740$960,761
62$938,456$794,434$755,019$972,529
63$966,810$765,992$712,943$983,848
64$995,933$734,034$667,336$994,666
65$1,025,838$698,322$618,012$1,004,924
66$1,056,536$658,602$564,777$1,014,558
67$1,088,036$614,607$507,430$1,023,502
68$1,120,346$566,053$445,760$1,031,684
69$1,153,474$512,642$379,545$1,039,026
70$1,187,424$454,058$308,556$1,045,446
71$1,222,201$389,966$232,553$1,050,853
72$1,257,806$320,015$151,283$1,055,154
73$1,294,237$243,830$64,486$1,058,245
74$1,331,490$161,019$0$1,060,016
75$1,369,558$71,164$0$1,064,254
76$1,408,430$0$0$1,076,727
77$1,448,090$0$0$1,093,283
78$1,488,521$0$0$1,123,722
79$1,529,696$0$0$1,154,712
80$1,571,585$0$0$1,186,228
81$1,614,152$0$0$1,218,242
82$1,657,352$0$0$1,250,719
83$1,701,132$0$0$1,283,617
84$1,745,433$0$0$1,316,888
85$1,790,181$0$0$1,350,477
86$1,835,296$0$0$1,384,318
87$1,880,681$0$0$1,418,339
88$1,926,229$0$0$1,452,453
89$1,971,815$0$0$1,486,564
90$2,017,297$0$0$1,520,563
91$2,062,516$0$0$1,554,324
92$2,107,290$0$0$1,587,706
93$2,151,414$0$0$1,620,552
94$2,194,658$0$0$1,652,680
95$2,236,763$0$0$1,683,891
96$2,277,438$0$0$1,713,959
97$2,316,356$0$0$1,742,630
98$2,353,151$0$0$1,769,622
99$2,387,417$0$0$1,794,618
100$2,418,697$0$0$1,817,265