Can I retire at age 60 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$63,999$63,429$62,873$62,330$61,800$60,014
2 years$31,683$31,093$30,521$29,966$29,428$27,643
3 years$20,912$20,319$19,749$19,200$18,671$16,942
4 years$15,528$14,937$14,372$13,832$13,316$11,658
5 years$12,298$11,711$11,153$10,624$10,123$8,539
6 years$10,145$9,563$9,014$8,496$8,010$6,502
7 years$8,609$8,031$7,490$6,985$6,514$5,082
8 years$7,456$6,884$6,352$5,860$5,404$4,047
9 years$6,561$5,994$5,471$4,991$4,551$3,268
10 years$5,845$5,283$4,770$4,303$3,878$2,667
11 years$5,259$4,703$4,199$3,745$3,335$2,194
12 years$4,772$4,221$3,727$3,284$2,890$1,817
13 years$4,359$3,815$3,330$2,900$2,520$1,513
14 years$4,006$3,468$2,992$2,574$2,209$1,264
15 years$3,701$3,168$2,701$2,296$1,945$1,061
16 years$3,434$2,906$2,449$2,055$1,719$892
17 years$3,198$2,677$2,229$1,847$1,524$753
18 years$2,989$2,473$2,034$1,664$1,355$636
19 years$2,802$2,292$1,862$1,504$1,208$538
20 years$2,634$2,130$1,709$1,362$1,079$456
21 years$2,482$1,984$1,572$1,236$966$387
22 years$2,344$1,852$1,449$1,124$866$329
23 years$2,219$1,732$1,338$1,024$777$279
24 years$2,104$1,623$1,237$934$698$238
25 years$1,998$1,523$1,146$853$628$202
26 years$1,901$1,431$1,063$780$566$172
27 years$1,811$1,347$987$714$510$147
28 years$1,727$1,269$917$654$460$125
29 years$1,650$1,198$854$600$416$107
30 years$1,578$1,131$795$550$376$91
31 years$1,510$1,069$741$505$340$77
32 years$1,447$1,012$692$464$307$66
33 years$1,388$958$646$427$278$56
34 years$1,332$908$603$393$252$48
35 years$1,280$861$564$362$228$41
36 years$1,231$817$528$333$207$35
37 years$1,184$776$494$307$187$30
38 years$1,140$738$463$283$170$26
39 years$1,099$702$433$261$154$22
40 years$1,060$667$406$241$140$19
41 years$1,022$635$381$222$127$16
42 years$987$605$357$205$115$14
43 years$953$577$335$189$104$12
44 years$921$550$315$175$95$10
45 years$890$524$296$161$86$8
46 years$861$500$278$149$78$7
47 years$833$477$261$138$71$6
48 years$807$455$245$127$64$5
49 years$781$435$230$118$58$4
50 years$757$415$217$109$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $775,000, adding $4,757 every year, while hoping to spend $25,172 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: 71/17/12 Blend
59$775,000$775,000$775,000$775,000
60$858,957$817,882$805,869$917,446
61$919,788$831,175$806,083$970,125
62$985,979$844,276$805,460$1,024,245
63$1,058,053$857,149$803,947$1,082,818
64$1,136,580$869,755$801,485$1,146,278
65$1,222,191$882,053$798,014$1,215,103
66$1,315,579$893,998$793,472$1,289,819
67$1,417,507$905,543$787,793$1,371,008
68$1,528,816$916,638$780,907$1,459,309
69$1,650,430$927,229$772,743$1,555,428
70$1,783,368$937,257$763,223$1,660,140
71$1,928,750$946,661$752,270$1,774,303
72$2,087,811$955,375$739,799$1,898,860
73$2,261,909$963,330$725,724$2,034,852
74$2,452,541$970,451$709,953$2,183,424
75$2,661,355$976,657$692,391$2,345,840
76$2,890,166$981,866$672,938$2,523,493
77$3,140,971$985,986$651,491$2,717,917
78$3,415,974$988,923$627,939$2,930,804
79$3,717,597$990,574$602,169$3,164,020
80$4,048,511$990,832$574,061$3,419,619
81$4,411,658$989,581$543,491$3,699,867
82$4,810,277$986,701$510,328$4,007,261
83$5,247,937$982,061$474,435$4,344,553
84$5,728,570$975,525$435,672$4,714,778
85$6,256,505$966,946$393,888$5,121,279
86$6,836,513$956,172$348,928$5,567,743
87$7,473,851$943,037$300,630$6,058,231
88$8,174,307$927,369$248,825$6,597,224
89$8,944,261$908,985$193,335$7,189,656
90$9,790,739$887,689$133,975$7,840,968
91$10,721,485$863,276$70,554$8,557,159
92$11,745,027$835,527$2,868$9,344,837
93$12,870,764$804,213$0$10,211,290
94$14,109,051$769,087$0$11,173,429
95$15,471,294$729,893$0$12,232,194
96$16,970,065$686,357$0$13,397,004
97$18,619,213$638,189$0$14,678,642
98$20,433,997$585,085$0$16,088,994
99$22,431,231$526,720$0$17,641,157
100$24,629,441$462,754$0$19,349,567