Can I retire at age 60 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$65,733$65,147$64,576$64,019$63,474$62,066
2 years$32,541$31,935$31,348$30,778$30,226$28,814
3 years$21,479$20,870$20,284$19,720$19,176$17,806
4 years$15,948$15,342$14,762$14,207$13,677$12,358
5 years$12,631$12,028$11,456$10,912$10,397$9,133
6 years$10,420$9,822$9,258$8,727$8,227$7,019
7 years$8,842$8,248$7,693$7,175$6,691$5,539
8 years$7,659$7,070$6,525$6,019$5,550$4,456
9 years$6,739$6,156$5,620$5,127$4,674$3,635
10 years$6,003$5,426$4,899$4,419$3,983$2,998
11 years$5,402$4,831$4,313$3,846$3,425$2,493
12 years$4,901$4,336$3,828$3,373$2,968$2,088
13 years$4,478$3,918$3,420$2,978$2,588$1,758
14 years$4,115$3,562$3,073$2,644$2,269$1,487
15 years$3,801$3,254$2,774$2,358$1,998$1,262
16 years$3,527$2,985$2,515$2,111$1,766$1,075
17 years$3,285$2,749$2,289$1,897$1,566$918
18 years$3,070$2,540$2,089$1,709$1,392$785
19 years$2,878$2,354$1,913$1,545$1,241$673
20 years$2,705$2,188$1,755$1,399$1,108$578
21 years$2,549$2,038$1,615$1,270$992$497
22 years$2,408$1,902$1,488$1,154$889$427
23 years$2,279$1,779$1,374$1,051$798$368
24 years$2,161$1,667$1,271$959$717$317
25 years$2,052$1,564$1,177$876$645$274
26 years$1,952$1,470$1,092$801$581$236
27 years$1,860$1,384$1,014$733$524$204
28 years$1,774$1,304$942$671$473$176
29 years$1,694$1,230$877$616$427$153
30 years$1,620$1,162$817$565$386$132
31 years$1,551$1,098$761$519$349$114
32 years$1,486$1,039$710$477$316$99
33 years$1,426$984$663$439$286$85
34 years$1,368$933$620$404$259$74
35 years$1,315$885$579$372$234$64
36 years$1,264$840$542$342$212$55
37 years$1,217$797$507$315$192$48
38 years$1,171$758$475$291$174$42
39 years$1,129$721$445$268$158$36
40 years$1,088$686$417$247$143$31
41 years$1,050$653$391$228$130$27
42 years$1,013$622$367$210$118$23
43 years$979$592$344$194$107$20
44 years$946$564$323$179$97$18
45 years$914$538$304$166$88$15
46 years$884$513$285$153$80$13
47 years$856$490$268$141$73$11
48 years$828$468$252$131$66$10
49 years$802$447$237$121$60$9
50 years$777$427$222$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $796,000, adding $6,723 every year, while hoping to spend $57,913 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: 37/47/16 Blend
59$796,000$796,000$796,000$796,000
60$884,127$841,939$829,601$912,319
61$912,689$821,575$795,773$912,865
62$942,223$798,272$758,872$907,444
63$972,768$771,825$718,732$900,354
64$1,004,363$742,017$675,182$891,476
65$1,037,050$708,619$628,043$880,683
66$1,070,874$671,386$577,128$867,844
67$1,105,882$630,062$522,240$852,818
68$1,142,122$584,376$463,175$835,457
69$1,179,648$534,039$399,721$815,607
70$1,218,513$478,748$331,653$793,103
71$1,258,776$418,182$258,738$767,771
72$1,300,500$352,002$180,735$739,431
73$1,343,750$279,848$97,388$707,890
74$1,388,594$201,343$8,432$672,946
75$1,435,108$116,086$0$634,387
76$1,483,370$23,655$0$606,756
77$1,533,464$0$0$577,547
78$1,585,480$0$0$584,633
79$1,639,513$0$0$604,717
80$1,695,664$0$0$625,603
81$1,754,045$0$0$647,335
82$1,814,771$0$0$669,957
83$1,877,968$0$0$693,520
84$1,943,771$0$0$718,077
85$2,012,325$0$0$743,683
86$2,083,785$0$0$770,400
87$2,158,320$0$0$798,295
88$2,236,110$0$0$827,438
89$2,317,350$0$0$857,907
90$2,402,251$0$0$889,785
91$2,491,041$0$0$923,163
92$2,583,966$0$0$958,137
93$2,681,293$0$0$994,814
94$2,783,310$0$0$1,033,310
95$2,890,332$0$0$1,073,748
96$3,002,699$0$0$1,116,264
97$3,120,779$0$0$1,161,007
98$3,244,976$0$0$1,208,136
99$3,375,726$0$0$1,257,826
100$3,513,505$0$0$1,310,268