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%12.4%
1 years$63,999$63,429$62,873$62,330$61,800$61,180
2 years$31,683$31,093$30,521$29,966$29,428$28,804
3 years$20,912$20,319$19,749$19,200$18,671$18,061
4 years$15,528$14,937$14,372$13,832$13,316$12,726
5 years$12,298$11,711$11,153$10,624$10,123$9,554
6 years$10,145$9,563$9,014$8,496$8,010$7,463
7 years$8,609$8,031$7,490$6,985$6,514$5,990
8 years$7,456$6,884$6,352$5,860$5,404$4,902
9 years$6,561$5,994$5,471$4,991$4,551$4,071
10 years$5,845$5,283$4,770$4,303$3,878$3,419
11 years$5,259$4,703$4,199$3,745$3,335$2,898
12 years$4,772$4,221$3,727$3,284$2,890$2,474
13 years$4,359$3,815$3,330$2,900$2,520$2,125
14 years$4,006$3,468$2,992$2,574$2,209$1,834
15 years$3,701$3,168$2,701$2,296$1,945$1,589
16 years$3,434$2,906$2,449$2,055$1,719$1,382
17 years$3,198$2,677$2,229$1,847$1,524$1,205
18 years$2,989$2,473$2,034$1,664$1,355$1,054
19 years$2,802$2,292$1,862$1,504$1,208$923
20 years$2,634$2,130$1,709$1,362$1,079$811
21 years$2,482$1,984$1,572$1,236$966$713
22 years$2,344$1,852$1,449$1,124$866$628
23 years$2,219$1,732$1,338$1,024$777$553
24 years$2,104$1,623$1,237$934$698$488
25 years$1,998$1,523$1,146$853$628$431
26 years$1,901$1,431$1,063$780$566$381
27 years$1,811$1,347$987$714$510$337
28 years$1,727$1,269$917$654$460$299
29 years$1,650$1,198$854$600$416$265
30 years$1,578$1,131$795$550$376$235
31 years$1,510$1,069$741$505$340$208
32 years$1,447$1,012$692$464$307$184
33 years$1,388$958$646$427$278$164
34 years$1,332$908$603$393$252$145
35 years$1,280$861$564$362$228$129
36 years$1,231$817$528$333$207$115
37 years$1,184$776$494$307$187$102
38 years$1,140$738$463$283$170$90
39 years$1,099$702$433$261$154$80
40 years$1,060$667$406$241$140$71
41 years$1,022$635$381$222$127$63
42 years$987$605$357$205$115$56
43 years$953$577$335$189$104$50
44 years$921$550$315$175$95$45
45 years$890$524$296$161$86$40
46 years$861$500$278$149$78$35
47 years$833$477$261$138$71$31
48 years$807$455$245$127$64$28
49 years$781$435$230$118$58$25
50 years$757$415$217$109$53$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $775,000, adding $3,120 every year, while hoping to spend $34,323 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: 47/42/11 Blend
59$775,000$775,000$775,000$775,000
60$857,268$816,193$804,181$894,803
61$908,190$819,667$794,601$924,488
62$963,156$822,161$783,551$952,883
63$1,022,541$823,591$770,943$982,923
64$1,086,760$823,866$756,690$1,014,774
65$1,156,267$822,893$740,696$1,048,618
66$1,231,561$820,570$722,864$1,084,659
67$1,313,192$816,789$703,091$1,123,123
68$1,401,763$811,438$681,271$1,164,259
69$1,497,940$804,395$657,290$1,208,346
70$1,602,452$795,532$631,032$1,255,694
71$1,716,103$784,715$602,373$1,306,645
72$1,839,779$771,799$571,185$1,361,578
73$1,974,451$756,632$537,335$1,420,917
74$2,121,191$739,052$500,681$1,485,127
75$2,281,176$718,890$461,078$1,554,729
76$2,455,705$695,964$418,372$1,630,297
77$2,646,203$670,083$372,404$1,712,467
78$2,854,243$641,044$323,007$1,801,946
79$3,081,554$608,633$270,006$1,899,515
80$3,330,040$572,624$213,219$2,006,041
81$3,601,798$532,776$152,456$2,122,481
82$3,899,136$488,837$87,518$2,249,898
83$4,224,597$440,539$18,198$2,389,466
84$4,580,978$387,598$0$2,542,487
85$4,971,363$329,715$0$2,716,945
86$5,399,145$266,575$0$2,910,592
87$5,868,064$197,842$0$3,123,078
88$6,382,235$123,166$0$3,356,380
89$6,946,195$42,172$0$3,612,682
90$7,564,937$0$0$3,894,399
91$8,243,962$0$0$4,225,240
92$8,989,332$0$0$4,609,891
93$9,807,720$0$0$5,032,317
94$10,706,481$0$0$5,496,325
95$11,693,714$0$0$6,006,109
96$12,778,343$0$0$6,566,290
97$13,970,197$0$0$7,181,957
98$15,280,108$0$0$7,858,718
99$16,720,005$0$0$8,602,752
100$18,303,034$0$0$9,420,863