Can I retire at age 60 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$64,742$64,165$63,603$63,053$62,517$62,097
2 years$32,050$31,454$30,875$30,314$29,770$29,347
3 years$21,155$20,555$19,978$19,423$18,887$18,473
4 years$15,708$15,110$14,539$13,993$13,471$13,069
5 years$12,441$11,847$11,283$10,748$10,240$9,853
6 years$10,263$9,674$9,118$8,595$8,103$7,730
7 years$8,709$8,124$7,577$7,067$6,590$6,231
8 years$7,543$6,964$6,426$5,928$5,467$5,123
9 years$6,637$6,063$5,535$5,049$4,604$4,274
10 years$5,913$5,344$4,825$4,353$3,923$3,608
11 years$5,320$4,758$4,248$3,788$3,374$3,073
12 years$4,827$4,270$3,770$3,323$2,924$2,636
13 years$4,410$3,859$3,368$2,933$2,549$2,276
14 years$4,053$3,508$3,027$2,604$2,235$1,974
15 years$3,744$3,204$2,733$2,322$1,968$1,720
16 years$3,473$2,940$2,477$2,079$1,739$1,504
17 years$3,235$2,708$2,254$1,868$1,542$1,319
18 years$3,024$2,502$2,058$1,684$1,371$1,160
19 years$2,835$2,319$1,884$1,521$1,222$1,022
20 years$2,665$2,155$1,729$1,378$1,092$903
21 years$2,511$2,007$1,590$1,250$977$798
22 years$2,372$1,874$1,466$1,137$876$707
23 years$2,244$1,752$1,353$1,035$786$627
24 years$2,128$1,642$1,252$944$706$557
25 years$2,021$1,541$1,159$862$636$495
26 years$1,923$1,448$1,075$789$573$441
27 years$1,832$1,363$998$722$516$392
28 years$1,747$1,284$928$661$466$350
29 years$1,669$1,211$864$606$421$312
30 years$1,596$1,144$805$557$380$278
31 years$1,528$1,082$750$511$344$248
32 years$1,464$1,023$700$470$311$222
33 years$1,404$969$653$432$281$198
34 years$1,348$919$610$397$255$177
35 years$1,295$871$571$366$231$158
36 years$1,245$827$534$337$209$141
37 years$1,198$785$500$311$189$126
38 years$1,154$746$468$286$172$113
39 years$1,112$710$438$264$156$101
40 years$1,072$675$411$243$141$90
41 years$1,034$643$385$225$128$81
42 years$998$612$361$207$116$72
43 years$964$583$339$191$106$65
44 years$932$556$318$177$96$58
45 years$901$530$299$163$87$52
46 years$871$506$281$151$79$47
47 years$843$483$264$139$72$42
48 years$816$461$248$129$65$37
49 years$790$440$233$119$59$33
50 years$765$420$219$110$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $784,000, adding $2,801 every year, while hoping to spend $56,747 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: 38/43/19 Blend
59$784,000$784,000$784,000$784,000
60$866,857$825,305$813,153$894,759
61$894,898$805,367$780,015$895,189
62$923,898$782,550$743,866$890,068
63$953,893$756,652$704,543$883,356
64$984,924$727,463$661,880$874,940
65$1,017,034$694,755$615,699$864,703
66$1,050,265$658,292$565,819$852,519
67$1,084,665$617,821$512,047$838,257
68$1,120,282$573,076$454,182$821,778
69$1,157,170$523,776$392,016$802,937
70$1,195,383$469,622$325,330$781,578
71$1,234,979$410,301$253,896$757,540
72$1,276,020$345,479$177,475$730,653
73$1,318,573$274,806$95,819$700,736
74$1,362,706$197,910$8,667$667,601
75$1,408,494$114,400$0$631,050
76$1,456,017$23,862$0$607,970
77$1,505,359$0$0$584,032
78$1,556,610$0$0$592,387
79$1,609,866$0$0$612,816
80$1,665,230$0$0$634,068
81$1,722,813$0$0$656,189
82$1,782,733$0$0$679,225
83$1,845,116$0$0$703,229
84$1,910,100$0$0$728,254
85$1,977,831$0$0$754,362
86$2,048,467$0$0$781,614
87$2,122,178$0$0$810,081
88$2,199,148$0$0$839,837
89$2,279,575$0$0$870,962
90$2,363,673$0$0$903,545
91$2,451,673$0$0$937,678
92$2,543,827$0$0$973,466
93$2,640,407$0$0$1,011,018
94$2,741,706$0$0$1,050,456
95$2,848,046$0$0$1,091,910
96$2,959,772$0$0$1,135,524
97$3,077,264$0$0$1,181,451
98$3,200,930$0$0$1,229,861
99$3,331,219$0$0$1,280,939
100$3,468,617$0$0$1,334,883