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%16.4%
1 years$65,981$65,393$64,820$64,260$63,713$62,047
2 years$32,664$32,055$31,466$30,894$30,340$28,672
3 years$21,559$20,949$20,360$19,794$19,249$17,633
4 years$16,008$15,399$14,817$14,261$13,728$12,176
5 years$12,679$12,073$11,499$10,954$10,436$8,951
6 years$10,460$9,859$9,293$8,760$8,258$6,842
7 years$8,875$8,279$7,722$7,202$6,716$5,369
8 years$7,687$7,097$6,549$6,041$5,571$4,294
9 years$6,764$6,179$5,641$5,146$4,692$3,482
10 years$6,026$5,447$4,918$4,436$3,998$2,854
11 years$5,422$4,849$4,329$3,860$3,438$2,358
12 years$4,919$4,352$3,842$3,386$2,979$1,962
13 years$4,494$3,933$3,433$2,989$2,598$1,641
14 years$4,131$3,575$3,084$2,654$2,278$1,378
15 years$3,815$3,266$2,785$2,367$2,005$1,162
16 years$3,540$2,996$2,525$2,119$1,772$983
17 years$3,297$2,759$2,298$1,904$1,571$833
18 years$3,081$2,550$2,097$1,716$1,397$707
19 years$2,889$2,363$1,920$1,550$1,245$602
20 years$2,716$2,196$1,762$1,404$1,112$513
21 years$2,559$2,045$1,621$1,274$995$437
22 years$2,417$1,909$1,494$1,159$892$373
23 years$2,287$1,786$1,379$1,055$801$319
24 years$2,169$1,673$1,276$962$720$273
25 years$2,060$1,570$1,181$879$648$234
26 years$1,960$1,476$1,096$804$584$200
27 years$1,867$1,389$1,017$736$526$171
28 years$1,781$1,309$946$674$475$147
29 years$1,701$1,235$880$618$429$126
30 years$1,626$1,166$820$567$387$108
31 years$1,557$1,102$764$521$350$93
32 years$1,492$1,043$713$479$317$80
33 years$1,431$988$666$440$287$68
34 years$1,374$936$622$405$260$59
35 years$1,320$888$582$373$235$50
36 years$1,269$843$544$343$213$43
37 years$1,221$800$509$316$193$37
38 years$1,176$761$477$292$175$32
39 years$1,133$723$447$269$159$27
40 years$1,092$688$419$248$144$23
41 years$1,054$655$393$229$131$20
42 years$1,017$624$368$211$119$17
43 years$982$594$346$195$108$15
44 years$949$567$324$180$98$13
45 years$918$540$305$166$89$11
46 years$888$515$286$154$80$9
47 years$859$492$269$142$73$8
48 years$831$470$253$131$66$7
49 years$805$448$237$121$60$6
50 years$780$428$223$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $799,000, adding $5,997 every year, while hoping to spend $52,291 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: 72/12/16 Blend
59$799,000$799,000$799,000$799,000
60$886,684$844,337$831,952$946,863
61$921,488$830,072$804,186$973,327
62$958,090$813,356$773,736$995,377
63$996,618$794,013$740,459$1,018,162
64$1,037,211$771,857$704,202$1,041,744
65$1,080,021$746,692$664,807$1,066,191
66$1,125,213$718,311$622,108$1,091,583
67$1,172,968$686,491$575,932$1,118,007
68$1,223,484$651,002$526,099$1,145,558
69$1,276,974$611,596$472,418$1,174,347
70$1,333,675$568,014$414,693$1,204,494
71$1,393,842$519,978$352,717$1,236,134
72$1,457,756$467,200$286,276$1,269,418
73$1,525,724$409,370$215,143$1,304,514
74$1,598,082$346,163$139,085$1,341,607
75$1,675,198$277,237$57,856$1,380,908
76$1,757,474$202,227$0$1,422,647
77$1,845,352$120,752$0$1,472,004
78$1,939,315$32,406$0$1,535,204
79$2,039,893$0$0$1,602,727
80$2,147,666$0$0$1,683,327
81$2,263,273$0$0$1,774,402
82$2,387,414$0$0$1,872,227
83$2,520,855$0$0$1,977,410
84$2,664,440$0$0$2,090,620
85$2,819,094$0$0$2,212,590
86$2,985,834$0$0$2,344,126
87$3,165,775$0$0$2,486,112
88$3,360,145$0$0$2,639,522
89$3,570,292$0$0$2,805,425
90$3,797,697$0$0$2,984,995
91$4,043,990$0$0$3,179,523
92$4,310,961$0$0$3,390,431
93$4,600,578$0$0$3,619,278
94$4,915,009$0$0$3,867,784
95$5,256,635$0$0$4,137,836
96$5,628,076$0$0$4,431,513
97$6,032,214$0$0$4,751,100
98$6,472,222$0$0$5,099,115
99$6,951,590$0$0$5,478,324
100$7,474,158$0$0$5,891,773