Can I retire at age 60 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$63,503$62,938$62,386$61,847$61,321$59,477
2 years$31,437$30,852$30,284$29,734$29,201$27,358
3 years$20,750$20,162$19,596$19,051$18,526$16,743
4 years$15,407$14,821$14,261$13,725$13,213$11,503
5 years$12,203$11,620$11,067$10,542$10,044$8,413
6 years$10,067$9,489$8,944$8,431$7,948$6,395
7 years$8,542$7,969$7,432$6,931$6,464$4,990
8 years$7,399$6,830$6,303$5,815$5,362$3,967
9 years$6,510$5,947$5,429$4,953$4,516$3,198
10 years$5,800$5,242$4,733$4,269$3,848$2,604
11 years$5,219$4,667$4,167$3,716$3,309$2,139
12 years$4,735$4,189$3,698$3,259$2,868$1,768
13 years$4,326$3,785$3,304$2,877$2,501$1,468
14 years$3,975$3,441$2,969$2,554$2,192$1,225
15 years$3,672$3,143$2,680$2,278$1,930$1,025
16 years$3,407$2,884$2,430$2,040$1,706$861
17 years$3,173$2,656$2,211$1,832$1,512$724
18 years$2,966$2,454$2,019$1,651$1,345$611
19 years$2,780$2,274$1,848$1,492$1,199$516
20 years$2,614$2,114$1,696$1,351$1,071$436
21 years$2,463$1,969$1,560$1,227$958$369
22 years$2,326$1,838$1,438$1,115$859$313
23 years$2,202$1,719$1,327$1,016$771$265
24 years$2,087$1,610$1,228$926$693$225
25 years$1,983$1,511$1,137$846$624$191
26 years$1,886$1,420$1,055$774$562$162
27 years$1,797$1,337$979$708$506$138
28 years$1,714$1,260$910$649$457$117
29 years$1,637$1,188$847$595$413$100
30 years$1,565$1,122$789$546$373$85
31 years$1,498$1,061$736$501$337$72
32 years$1,436$1,004$686$461$305$61
33 years$1,377$951$641$424$276$52
34 years$1,322$901$599$390$250$44
35 years$1,270$855$560$359$226$38
36 years$1,221$811$524$331$205$32
37 years$1,175$770$490$305$186$27
38 years$1,132$732$459$281$168$23
39 years$1,090$696$430$259$153$20
40 years$1,051$662$403$239$139$17
41 years$1,014$630$378$220$126$14
42 years$979$600$355$203$114$12
43 years$946$572$333$188$104$10
44 years$914$545$312$173$94$9
45 years$883$520$293$160$85$8
46 years$854$496$275$148$77$6
47 years$827$473$259$137$70$6
48 years$800$452$243$126$64$5
49 years$775$432$229$117$58$4
50 years$751$412$215$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $769,000, adding $3,604 every year, while hoping to spend $20,518 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: 40/34/26 Blend
59$769,000$769,000$769,000$769,000
60$851,156$810,399$798,479$878,539
61$916,142$828,277$803,397$916,574
62$987,070$846,344$807,792$955,510
63$1,064,523$864,587$811,625$997,234
64$1,149,145$882,992$814,855$1,042,016
65$1,241,643$901,544$817,438$1,090,150
66$1,342,798$920,227$819,329$1,141,962
67$1,453,468$939,022$820,481$1,197,812
68$1,574,597$957,910$820,843$1,258,094
69$1,707,227$976,869$820,362$1,323,247
70$1,852,504$995,875$818,985$1,393,752
71$2,011,691$1,014,904$816,651$1,470,141
72$2,186,176$1,033,927$813,302$1,553,002
73$2,377,492$1,052,916$808,874$1,642,980
74$2,587,325$1,071,837$803,299$1,740,791
75$2,817,531$1,090,656$796,509$1,847,221
76$3,070,156$1,109,335$788,429$1,963,140
77$3,347,455$1,127,835$778,984$2,089,505
78$3,651,908$1,146,112$768,093$2,227,375
79$3,986,250$1,164,119$755,672$2,377,915
80$4,353,494$1,181,807$741,633$2,542,412
81$4,756,957$1,199,122$725,884$2,722,284
82$5,200,294$1,216,007$708,329$2,919,096
83$5,687,533$1,232,400$688,866$3,134,575
84$6,223,109$1,248,235$667,392$3,370,625
85$6,811,911$1,263,444$643,794$3,629,345
86$7,459,323$1,277,950$617,958$3,913,051
87$8,171,278$1,291,673$589,764$4,224,298
88$8,954,312$1,304,529$559,085$4,565,903
89$9,815,627$1,316,426$525,789$4,940,972
90$10,763,157$1,327,267$489,739$5,352,931
91$11,805,645$1,336,949$450,791$5,805,559
92$12,952,723$1,345,361$408,795$6,303,022
93$14,215,004$1,352,388$363,593$6,849,915
94$15,604,183$1,357,903$315,022$7,451,303
95$17,133,144$1,361,775$262,910$8,112,774
96$18,816,086$1,363,863$207,078$8,840,487
97$20,668,651$1,364,016$147,340$9,641,235
98$22,708,078$1,362,078$83,500$10,522,507
99$24,953,360$1,357,877$15,355$11,492,562
100$27,425,426$1,351,236$0$12,560,503