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%17.8%
1 years$63,999$63,429$62,873$62,330$61,800$59,845
2 years$31,683$31,093$30,521$29,966$29,428$27,477
3 years$20,912$20,319$19,749$19,200$18,671$16,784
4 years$15,528$14,937$14,372$13,832$13,316$11,508
5 years$12,298$11,711$11,153$10,624$10,123$8,398
6 years$10,145$9,563$9,014$8,496$8,010$6,370
7 years$8,609$8,031$7,490$6,985$6,514$4,960
8 years$7,456$6,884$6,352$5,860$5,404$3,933
9 years$6,561$5,994$5,471$4,991$4,551$3,163
10 years$5,845$5,283$4,770$4,303$3,878$2,569
11 years$5,259$4,703$4,199$3,745$3,335$2,105
12 years$4,772$4,221$3,727$3,284$2,890$1,735
13 years$4,359$3,815$3,330$2,900$2,520$1,437
14 years$4,006$3,468$2,992$2,574$2,209$1,196
15 years$3,701$3,168$2,701$2,296$1,945$998
16 years$3,434$2,906$2,449$2,055$1,719$835
17 years$3,198$2,677$2,229$1,847$1,524$701
18 years$2,989$2,473$2,034$1,664$1,355$589
19 years$2,802$2,292$1,862$1,504$1,208$496
20 years$2,634$2,130$1,709$1,362$1,079$418
21 years$2,482$1,984$1,572$1,236$966$353
22 years$2,344$1,852$1,449$1,124$866$298
23 years$2,219$1,732$1,338$1,024$777$252
24 years$2,104$1,623$1,237$934$698$213
25 years$1,998$1,523$1,146$853$628$180
26 years$1,901$1,431$1,063$780$566$153
27 years$1,811$1,347$987$714$510$129
28 years$1,727$1,269$917$654$460$110
29 years$1,650$1,198$854$600$416$93
30 years$1,578$1,131$795$550$376$79
31 years$1,510$1,069$741$505$340$67
32 years$1,447$1,012$692$464$307$57
33 years$1,388$958$646$427$278$48
34 years$1,332$908$603$393$252$41
35 years$1,280$861$564$362$228$35
36 years$1,231$817$528$333$207$29
37 years$1,184$776$494$307$187$25
38 years$1,140$738$463$283$170$21
39 years$1,099$702$433$261$154$18
40 years$1,060$667$406$241$140$15
41 years$1,022$635$381$222$127$13
42 years$987$605$357$205$115$11
43 years$953$577$335$189$104$9
44 years$921$550$315$175$95$8
45 years$890$524$296$161$86$7
46 years$861$500$278$149$78$6
47 years$833$477$261$138$71$5
48 years$807$455$245$127$64$4
49 years$781$435$230$118$58$3
50 years$757$415$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $775,000, adding $3,175 every year, while hoping to spend $21,005 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: 40/33/27 Blend
59$775,000$775,000$775,000$775,000
60$857,325$816,250$804,238$884,672
61$922,423$833,897$808,830$922,450
62$993,457$851,705$812,873$961,101
63$1,071,010$869,659$816,325$1,002,512
64$1,155,725$887,744$819,143$1,046,951
65$1,248,308$905,942$821,284$1,094,710
66$1,349,537$924,236$822,699$1,146,111
67$1,460,270$942,603$823,339$1,201,514
68$1,581,449$961,023$823,153$1,261,310
69$1,714,115$979,470$822,086$1,325,935
70$1,859,409$997,919$820,080$1,395,867
71$2,018,593$1,016,341$817,077$1,471,636
72$2,193,054$1,034,706$813,014$1,553,825
73$2,384,320$1,052,981$807,824$1,643,078
74$2,594,073$1,071,130$801,439$1,740,106
75$2,824,168$1,089,114$793,786$1,845,691
76$3,076,645$1,106,893$784,790$1,960,699
77$3,353,754$1,124,422$774,372$2,086,084
78$3,657,972$1,141,654$762,448$2,222,897
79$3,992,027$1,158,537$748,933$2,372,301
80$4,358,926$1,175,017$733,734$2,535,575
81$4,761,979$1,191,036$716,757$2,714,132
82$5,204,835$1,206,531$697,902$2,909,532
83$5,691,512$1,221,434$677,065$3,123,493
84$6,226,437$1,235,675$654,138$3,357,912
85$6,814,487$1,249,177$629,005$3,614,880
86$7,461,037$1,261,859$601,549$3,896,706
87$8,172,006$1,273,634$571,644$4,205,933
88$8,953,917$1,284,408$539,161$4,545,369
89$9,813,957$1,294,084$503,963$4,918,110
90$10,760,043$1,302,557$465,908$5,327,569
91$11,800,900$1,309,714$424,848$5,777,513
92$12,946,138$1,315,437$380,627$6,272,094
93$14,206,350$1,319,599$333,084$6,815,891
94$15,593,204$1,322,066$282,049$7,413,954
95$17,119,558$1,322,695$227,345$8,071,853
96$18,799,580$1,321,333$168,787$8,795,728
97$20,648,879$1,317,820$106,184$9,592,352
98$22,684,656$1,311,986$39,333$10,469,190
99$24,925,865$1,303,647$0$11,434,477
100$27,393,390$1,292,612$0$12,506,511