Can I retire at age 60 with 776,000?

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 $776,000?

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$64,081$63,511$62,954$62,410$61,879$60,261
2 years$31,723$31,133$30,560$30,005$29,466$27,847
3 years$20,939$20,346$19,774$19,224$18,695$17,125
4 years$15,548$14,956$14,391$13,850$13,333$11,825
5 years$12,314$11,726$11,168$10,638$10,136$8,694
6 years$10,159$9,575$9,025$8,507$8,020$6,645
7 years$8,620$8,041$7,500$6,994$6,522$5,215
8 years$7,466$6,893$6,361$5,867$5,411$4,170
9 years$6,569$6,001$5,478$4,998$4,557$3,381
10 years$5,852$5,290$4,776$4,308$3,883$2,771
11 years$5,266$4,709$4,205$3,749$3,339$2,290
12 years$4,778$4,227$3,732$3,289$2,894$1,906
13 years$4,365$3,820$3,334$2,903$2,523$1,594
14 years$4,012$3,472$2,996$2,577$2,212$1,339
15 years$3,706$3,172$2,705$2,299$1,948$1,129
16 years$3,438$2,910$2,452$2,058$1,721$954
17 years$3,202$2,680$2,231$1,849$1,526$809
18 years$2,993$2,476$2,037$1,666$1,357$687
19 years$2,806$2,295$1,865$1,506$1,210$584
20 years$2,637$2,133$1,711$1,364$1,080$498
21 years$2,485$1,987$1,574$1,238$967$425
22 years$2,347$1,854$1,451$1,125$867$363
23 years$2,222$1,734$1,340$1,025$778$310
24 years$2,106$1,625$1,239$935$699$265
25 years$2,001$1,525$1,147$854$629$227
26 years$1,903$1,433$1,064$781$567$194
27 years$1,813$1,349$988$714$511$166
28 years$1,730$1,271$919$655$461$143
29 years$1,652$1,199$855$600$416$122
30 years$1,580$1,132$796$551$376$105
31 years$1,512$1,070$742$506$340$90
32 years$1,449$1,013$693$465$308$77
33 years$1,390$959$647$428$278$66
34 years$1,334$909$604$393$252$57
35 years$1,282$862$565$362$228$49
36 years$1,232$818$528$334$207$42
37 years$1,186$777$495$307$187$36
38 years$1,142$739$463$283$170$31
39 years$1,100$702$434$261$154$27
40 years$1,061$668$407$241$140$23
41 years$1,023$636$381$222$127$20
42 years$988$606$358$205$115$17
43 years$954$577$336$189$104$14
44 years$922$550$315$175$95$12
45 years$891$525$296$161$86$11
46 years$862$501$278$149$78$9
47 years$834$478$261$138$71$8
48 years$808$456$245$127$64$7
49 years$782$435$231$118$59$6
50 years$758$416$217$109$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $776,000, adding $2,614 every year, while hoping to spend $35,224 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: 47/39/14 Blend
59$776,000$776,000$776,000$776,000
60$857,848$816,720$804,692$894,680
61$907,871$819,262$794,171$922,988
62$961,815$820,747$782,118$949,876
63$1,020,044$821,087$768,442$978,283
64$1,082,956$820,188$753,053$1,008,363
65$1,150,989$817,949$735,852$1,040,289
66$1,224,625$814,264$716,738$1,074,250
67$1,304,394$809,019$695,606$1,110,461
68$1,390,877$802,096$672,343$1,149,158
69$1,484,714$793,367$646,835$1,190,604
70$1,586,610$782,697$618,958$1,235,089
71$1,697,339$769,943$588,588$1,282,940
72$1,817,752$754,955$555,590$1,334,516
73$1,948,786$737,572$519,826$1,390,217
74$2,091,473$717,624$481,151$1,450,486
75$2,246,948$694,931$439,414$1,515,817
76$2,416,459$669,305$394,456$1,586,755
77$2,601,379$640,543$346,113$1,663,906
78$2,803,223$608,432$294,210$1,747,941
79$3,023,654$572,748$238,569$1,839,606
80$3,264,506$533,252$179,001$1,939,724
81$3,527,798$489,693$115,309$2,049,209
82$3,815,749$441,804$47,288$2,169,075
83$4,130,807$389,305$0$2,300,441
84$4,475,666$331,897$0$2,448,329
85$4,853,291$269,267$0$2,618,118
86$5,266,948$201,082$0$2,804,291
87$5,720,235$126,994$0$3,008,570
88$6,217,114$46,631$0$3,232,853
89$6,761,946$0$0$3,479,240
90$7,359,538$0$0$3,767,389
91$8,015,182$0$0$4,105,574
92$8,734,709$0$0$4,476,803
93$9,524,540$0$0$4,884,399
94$10,391,748$0$0$5,332,026
95$11,344,127$0$0$5,823,717
96$12,390,259$0$0$6,363,917
97$13,539,601$0$0$6,957,522
98$14,802,571$0$0$7,609,927
99$16,190,644$0$0$8,327,072
100$17,716,464$0$0$9,115,506