Can I retire at age 60 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$65,650$65,066$64,495$63,938$63,394$62,732
2 years$32,500$31,895$31,308$30,740$30,188$29,521
3 years$21,452$20,844$20,259$19,695$19,152$18,502
4 years$15,928$15,322$14,743$14,189$13,660$13,030
5 years$12,615$12,013$11,441$10,899$10,384$9,777
6 years$10,407$9,809$9,246$8,716$8,216$7,633
7 years$8,831$8,238$7,684$7,166$6,682$6,123
8 years$7,649$7,061$6,516$6,011$5,543$5,008
9 years$6,730$6,148$5,613$5,120$4,668$4,157
10 years$5,996$5,419$4,893$4,414$3,978$3,489
11 years$5,395$4,825$4,308$3,841$3,421$2,955
12 years$4,895$4,330$3,823$3,369$2,965$2,521
13 years$4,472$3,913$3,416$2,975$2,585$2,164
14 years$4,110$3,557$3,069$2,640$2,266$1,866
15 years$3,796$3,249$2,771$2,355$1,995$1,616
16 years$3,522$2,981$2,512$2,108$1,763$1,404
17 years$3,281$2,746$2,286$1,894$1,564$1,224
18 years$3,066$2,537$2,087$1,707$1,390$1,070
19 years$2,874$2,351$1,910$1,543$1,239$936
20 years$2,702$2,185$1,753$1,397$1,107$822
21 years$2,546$2,035$1,613$1,268$990$722
22 years$2,405$1,900$1,486$1,153$888$635
23 years$2,276$1,777$1,372$1,050$797$560
24 years$2,158$1,665$1,269$958$716$493
25 years$2,050$1,562$1,176$875$645$436
26 years$1,950$1,468$1,090$800$581$385
27 years$1,857$1,382$1,012$732$523$340
28 years$1,772$1,302$941$671$472$301
29 years$1,692$1,228$876$615$427$266
30 years$1,618$1,160$816$564$385$236
31 years$1,549$1,097$761$518$348$209
32 years$1,484$1,038$710$476$315$185
33 years$1,424$983$663$438$285$164
34 years$1,367$931$619$403$258$146
35 years$1,313$883$579$371$234$129
36 years$1,263$838$541$342$212$115
37 years$1,215$796$507$315$192$102
38 years$1,170$757$475$290$174$90
39 years$1,127$720$445$268$158$80
40 years$1,087$685$417$247$143$71
41 years$1,049$652$391$228$130$63
42 years$1,012$621$367$210$118$56
43 years$978$591$344$194$107$50
44 years$945$564$323$179$97$44
45 years$913$538$303$165$88$39
46 years$883$513$285$153$80$35
47 years$855$489$268$141$73$31
48 years$827$467$251$130$66$28
49 years$801$446$236$121$60$25
50 years$776$426$222$111$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $795,000, adding $3,829 every year, while hoping to spend $23,276 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: 28/45/27 Blend
59$795,000$795,000$795,000$795,000
60$880,040$837,905$825,582$897,217
61$945,038$854,196$828,474$927,483
62$1,015,886$870,506$830,682$957,706
63$1,093,157$886,811$832,159$989,705
64$1,177,478$903,084$832,856$1,023,650
65$1,269,545$919,299$832,721$1,059,725
66$1,370,118$935,425$831,697$1,098,137
67$1,480,040$951,430$829,728$1,139,115
68$1,600,234$967,280$826,754$1,182,910
69$1,731,718$982,937$822,711$1,229,801
70$1,875,614$998,362$817,532$1,280,097
71$2,033,156$1,013,511$811,149$1,334,140
72$2,205,703$1,028,339$803,488$1,392,306
73$2,394,753$1,042,796$794,473$1,455,014
74$2,601,955$1,056,829$784,025$1,522,724
75$2,829,123$1,070,383$772,058$1,595,948
76$3,078,258$1,083,396$758,487$1,675,249
77$3,351,563$1,095,805$743,219$1,761,251
78$3,651,464$1,107,540$726,158$1,854,644
79$3,980,632$1,118,529$707,203$1,956,189
80$4,342,013$1,128,693$686,251$2,066,729
81$4,738,848$1,137,949$663,190$2,187,195
82$5,174,710$1,146,208$637,906$2,318,614
83$5,653,533$1,153,375$610,279$2,462,123
84$6,179,653$1,159,350$580,183$2,618,977
85$6,757,845$1,164,026$547,486$2,790,562
86$7,393,371$1,167,288$512,053$2,978,411
87$8,092,026$1,169,017$473,738$3,184,213
88$8,860,197$1,169,083$432,392$3,409,838
89$9,704,919$1,167,350$387,859$3,657,348
90$10,633,944$1,163,673$339,975$3,929,021
91$11,655,811$1,157,898$288,570$4,227,373
92$12,779,931$1,149,862$233,464$4,555,179
93$14,016,671$1,139,392$174,472$4,915,505
94$15,377,453$1,126,304$111,399$5,311,736
95$16,874,865$1,110,405$44,042$5,747,605
96$18,522,773$1,091,486$0$6,227,237
97$20,336,458$1,069,331$0$6,763,201
98$22,332,757$1,043,708$0$7,366,561
99$24,530,220$1,014,372$0$8,030,223
100$26,949,289$981,063$0$8,760,371