Can I retire at age 60 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$64,164$63,592$63,035$62,491$61,959$61,698
2 years$31,764$31,173$30,599$30,044$29,504$29,241
3 years$20,966$20,372$19,800$19,249$18,719$18,461
4 years$15,568$14,975$14,409$13,868$13,350$13,100
5 years$12,330$11,741$11,182$10,652$10,149$9,907
6 years$10,172$9,587$9,037$8,518$8,030$7,797
7 years$8,631$8,051$7,510$7,003$6,531$6,306
8 years$7,476$6,902$6,369$5,875$5,418$5,202
9 years$6,578$6,009$5,485$5,004$4,563$4,356
10 years$5,860$5,297$4,782$4,314$3,888$3,690
11 years$5,273$4,715$4,210$3,754$3,344$3,154
12 years$4,784$4,232$3,737$3,293$2,897$2,716
13 years$4,371$3,825$3,338$2,907$2,527$2,354
14 years$4,017$3,477$3,000$2,581$2,215$2,050
15 years$3,710$3,176$2,708$2,301$1,950$1,793
16 years$3,442$2,914$2,455$2,061$1,723$1,574
17 years$3,206$2,684$2,234$1,852$1,528$1,386
18 years$2,997$2,480$2,040$1,669$1,359$1,224
19 years$2,809$2,298$1,867$1,508$1,211$1,084
20 years$2,641$2,136$1,714$1,366$1,082$961
21 years$2,489$1,989$1,576$1,239$968$854
22 years$2,350$1,857$1,453$1,127$868$760
23 years$2,224$1,737$1,341$1,026$779$677
24 years$2,109$1,627$1,240$936$700$604
25 years$2,003$1,527$1,149$855$630$539
26 years$1,906$1,435$1,066$782$567$482
27 years$1,815$1,351$989$715$512$431
28 years$1,732$1,273$920$655$462$386
29 years$1,654$1,201$856$601$417$346
30 years$1,582$1,134$797$552$377$310
31 years$1,514$1,072$743$507$341$278
32 years$1,451$1,014$694$466$308$249
33 years$1,391$960$648$428$279$224
34 years$1,336$910$605$394$252$201
35 years$1,283$863$566$363$229$181
36 years$1,234$820$529$334$207$162
37 years$1,187$778$495$308$188$146
38 years$1,143$740$464$284$170$131
39 years$1,102$703$435$262$154$118
40 years$1,062$669$407$241$140$106
41 years$1,025$637$382$223$127$95
42 years$989$607$358$205$115$86
43 years$955$578$336$190$105$77
44 years$923$551$316$175$95$69
45 years$892$525$296$162$86$63
46 years$863$501$278$149$78$56
47 years$835$478$261$138$71$51
48 years$809$457$246$127$65$46
49 years$783$436$231$118$59$41
50 years$759$417$217$109$53$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $777,000, adding $4,719 every year, while hoping to spend $29,764 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: 44/39/17 Blend
59$777,000$777,000$777,000$777,000
60$861,122$819,941$807,897$894,591
61$917,287$828,449$803,293$927,043
62$978,184$836,377$797,537$958,872
63$1,044,264$843,664$790,559$992,740
64$1,116,022$850,247$782,287$1,028,847
65$1,194,005$856,058$772,642$1,067,419
66$1,278,813$861,024$761,544$1,108,701
67$1,371,106$865,068$748,910$1,152,968
68$1,471,612$868,109$734,652$1,200,524
69$1,581,130$870,060$718,676$1,251,704
70$1,700,540$870,828$700,886$1,306,882
71$1,830,811$870,314$681,182$1,366,467
72$1,973,009$868,416$659,458$1,430,918
73$2,128,309$865,021$635,602$1,500,737
74$2,298,002$860,012$609,500$1,576,483
75$2,483,510$853,265$581,031$1,658,774
76$2,686,401$844,647$550,067$1,748,294
77$2,908,397$834,019$516,479$1,845,797
78$3,151,399$821,231$480,126$1,952,119
79$3,417,497$806,127$440,866$2,068,185
80$3,708,994$788,539$398,547$2,195,017
81$4,028,425$768,291$353,012$2,333,744
82$4,378,583$745,196$304,096$2,485,616
83$4,762,544$719,056$251,629$2,652,012
84$5,183,695$689,662$195,430$2,834,458
85$5,645,768$656,791$135,313$3,034,639
86$6,152,873$620,210$71,082$3,254,420
87$6,709,536$579,670$2,534$3,495,857
88$7,320,744$534,910$0$3,761,223
89$7,991,991$485,652$0$4,065,841
90$8,729,328$431,602$0$4,400,997
91$9,539,421$372,453$0$4,769,336
92$10,429,615$307,875$0$5,174,286
93$11,407,998$237,524$0$5,619,627
94$12,483,486$161,035$0$6,109,531
95$13,665,898$78,021$0$6,648,603
96$14,966,052$0$0$7,241,921
97$16,395,868$0$0$7,900,205
98$17,968,478$0$0$8,661,163
99$19,698,352$0$0$9,498,326
100$21,601,432$0$0$10,419,421