Can I retire at age 60 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$64,825$64,247$63,684$63,134$62,597$62,150
2 years$32,091$31,494$30,914$30,353$29,808$29,358
3 years$21,182$20,581$20,004$19,447$18,911$18,471
4 years$15,728$15,130$14,558$14,011$13,488$13,061
5 years$12,457$11,862$11,297$10,762$10,253$9,842
6 years$10,276$9,686$9,130$8,606$8,113$7,717
7 years$8,720$8,134$7,587$7,076$6,598$6,217
8 years$7,553$6,973$6,434$5,936$5,474$5,109
9 years$6,646$6,071$5,542$5,056$4,610$4,260
10 years$5,920$5,351$4,832$4,358$3,928$3,593
11 years$5,327$4,764$4,254$3,793$3,378$3,059
12 years$4,833$4,276$3,775$3,327$2,927$2,623
13 years$4,416$3,864$3,373$2,937$2,553$2,262
14 years$4,058$3,512$3,030$2,607$2,238$1,962
15 years$3,749$3,209$2,736$2,325$1,970$1,708
16 years$3,478$2,944$2,481$2,082$1,741$1,492
17 years$3,239$2,711$2,257$1,871$1,544$1,308
18 years$3,027$2,505$2,061$1,686$1,373$1,149
19 years$2,838$2,322$1,886$1,523$1,224$1,012
20 years$2,668$2,158$1,731$1,380$1,093$893
21 years$2,514$2,010$1,592$1,252$978$789
22 years$2,375$1,876$1,468$1,138$877$699
23 years$2,247$1,755$1,355$1,037$787$619
24 years$2,131$1,644$1,253$946$707$550
25 years$2,024$1,543$1,161$864$636$488
26 years$1,925$1,450$1,077$790$573$434
27 years$1,834$1,365$1,000$723$517$386
28 years$1,750$1,286$929$662$466$344
29 years$1,671$1,213$865$607$421$306
30 years$1,598$1,146$806$557$381$273
31 years$1,530$1,083$751$512$344$243
32 years$1,466$1,025$701$470$311$217
33 years$1,406$970$654$433$282$194
34 years$1,350$920$611$398$255$173
35 years$1,297$872$571$366$231$154
36 years$1,247$828$535$337$209$138
37 years$1,200$786$500$311$190$123
38 years$1,155$747$469$287$172$110
39 years$1,113$711$439$264$156$98
40 years$1,073$676$411$244$141$88
41 years$1,035$644$386$225$128$79
42 years$999$613$362$208$116$70
43 years$965$584$340$192$106$63
44 years$933$557$319$177$96$56
45 years$902$531$299$163$87$50
46 years$872$506$281$151$79$45
47 years$844$483$264$139$72$40
48 years$817$461$248$129$65$36
49 years$791$441$233$119$59$32
50 years$766$421$219$110$54$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $785,000, adding $4,166 every year, while hoping to spend $27,266 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: 66/18/16 Blend
59$785,000$785,000$785,000$785,000
60$869,367$827,762$815,595$923,123
61$929,032$839,312$813,906$971,134
62$993,868$850,513$811,248$1,020,041
63$1,064,376$861,321$807,557$1,072,830
64$1,141,103$871,686$802,771$1,129,880
65$1,224,652$881,556$796,821$1,191,609
66$1,315,690$890,876$789,637$1,258,478
67$1,414,946$899,584$781,146$1,330,996
68$1,523,226$907,619$771,269$1,409,724
69$1,641,414$914,912$759,927$1,495,279
70$1,770,487$921,391$747,033$1,588,343
71$1,911,517$926,980$732,498$1,689,667
72$2,065,686$931,596$716,231$1,800,080
73$2,234,295$935,153$698,134$1,920,497
74$2,418,776$937,558$678,104$2,051,924
75$2,620,706$938,714$656,036$2,195,472
76$2,841,823$938,516$631,818$2,352,368
77$3,084,038$936,853$605,334$2,523,961
78$3,349,459$933,607$576,461$2,711,741
79$3,640,404$928,654$545,072$2,917,352
80$3,959,428$921,861$511,036$3,142,604
81$4,309,346$913,088$474,211$3,389,495
82$4,693,255$902,186$434,454$3,660,225
83$5,114,571$888,997$391,612$3,957,225
84$5,577,053$873,354$345,527$4,283,171
85$6,084,844$855,079$296,033$4,641,014
86$6,642,505$833,985$242,957$5,034,009
87$7,255,064$809,873$186,119$5,465,745
88$7,928,056$782,533$125,330$5,940,179
89$8,667,583$751,742$60,394$6,461,672
90$9,480,364$717,265$0$7,035,033
91$10,373,801$678,851$0$7,667,085
92$11,356,053$636,239$0$8,373,256
93$12,436,104$589,148$0$9,149,707
94$13,623,855$537,285$0$10,003,582
95$14,930,213$480,337$0$10,942,756
96$16,367,197$417,975$0$11,975,908
97$17,948,047$349,852$0$13,112,602
98$19,687,353$275,600$0$14,363,380
99$21,601,189$194,831$0$15,739,859
100$23,707,267$107,134$0$17,254,844