Can I retire at age 60 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$65,816$65,229$64,657$64,099$63,554$61,105
2 years$32,582$31,975$31,387$30,817$30,264$27,825
3 years$21,506$20,896$20,309$19,745$19,201$16,850
4 years$15,968$15,361$14,780$14,225$13,694$11,449
5 years$12,647$12,043$11,470$10,926$10,410$8,276
6 years$10,433$9,834$9,269$8,738$8,237$6,216
7 years$8,853$8,259$7,703$7,184$6,699$4,790
8 years$7,668$7,079$6,533$6,026$5,557$3,759
9 years$6,747$6,164$5,627$5,133$4,680$2,989
10 years$6,011$5,433$4,905$4,425$3,988$2,401
11 years$5,409$4,837$4,319$3,851$3,430$1,944
12 years$4,907$4,341$3,833$3,378$2,972$1,583
13 years$4,483$3,923$3,424$2,982$2,592$1,295
14 years$4,120$3,566$3,077$2,647$2,272$1,064
15 years$3,806$3,258$2,778$2,361$2,000$877
16 years$3,531$2,989$2,519$2,114$1,768$725
17 years$3,289$2,753$2,292$1,899$1,568$600
18 years$3,074$2,544$2,092$1,712$1,394$498
19 years$2,882$2,357$1,915$1,547$1,242$413
20 years$2,709$2,191$1,758$1,401$1,110$344
21 years$2,553$2,040$1,617$1,271$993$286
22 years$2,411$1,905$1,490$1,156$890$238
23 years$2,282$1,781$1,376$1,053$799$198
24 years$2,163$1,669$1,272$960$718$165
25 years$2,055$1,566$1,178$877$646$138
26 years$1,955$1,472$1,093$802$582$115
27 years$1,862$1,385$1,015$734$525$96
28 years$1,776$1,305$944$672$474$80
29 years$1,697$1,232$878$617$428$67
30 years$1,622$1,163$818$566$386$56
31 years$1,553$1,099$762$520$349$47
32 years$1,488$1,040$711$478$316$39
33 years$1,427$985$664$439$286$33
34 years$1,370$934$621$404$259$27
35 years$1,316$886$580$372$234$23
36 years$1,266$841$543$343$212$19
37 years$1,218$798$508$316$193$16
38 years$1,173$759$476$291$175$13
39 years$1,130$721$446$268$158$11
40 years$1,090$686$418$247$144$9
41 years$1,051$653$392$228$130$8
42 years$1,015$622$367$211$118$7
43 years$980$593$345$194$107$5
44 years$947$565$324$180$97$5
45 years$915$539$304$166$88$4
46 years$885$514$285$153$80$3
47 years$857$491$268$142$73$3
48 years$829$468$252$131$66$2
49 years$803$447$237$121$60$2
50 years$778$427$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $797,000, adding $4,536 every year, while hoping to spend $48,083 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: 53/34/13 Blend
59$797,000$797,000$797,000$797,000
60$882,973$840,732$828,378$926,510
61$921,876$830,768$804,969$946,725
62$963,136$818,704$779,164$963,175
63$1,006,942$804,387$750,832$979,972
64$1,053,502$787,653$719,837$997,162
65$1,103,042$768,331$686,034$1,014,796
66$1,155,811$746,238$649,275$1,032,934
67$1,212,080$721,180$609,402$1,051,646
68$1,272,148$692,953$566,253$1,071,010
69$1,336,340$661,341$519,655$1,091,117
70$1,405,014$626,115$469,432$1,112,071
71$1,478,563$587,032$415,395$1,133,988
72$1,557,417$543,836$357,351$1,157,004
73$1,642,046$496,258$295,095$1,181,269
74$1,732,970$444,009$228,416$1,206,956
75$1,830,756$386,789$157,091$1,234,259
76$1,936,029$324,277$80,889$1,263,398
77$2,049,473$256,136$0$1,294,620
78$2,171,842$182,009$0$1,328,263
79$2,303,962$101,520$0$1,376,560
80$2,446,742$14,270$0$1,428,666
81$2,601,180$0$0$1,485,016
82$2,768,375$0$0$1,576,082
83$2,949,532$0$0$1,680,603
84$3,145,979$0$0$1,794,014
85$3,359,175$0$0$1,917,165
86$3,590,724$0$0$2,050,993
87$3,842,392$0$0$2,196,527
88$4,116,121$0$0$2,354,900
89$4,414,047$0$0$2,527,358
90$4,738,522$0$0$2,715,273
91$5,092,131$0$0$2,920,154
92$5,477,722$0$0$3,143,663
93$5,898,429$0$0$3,387,628
94$6,357,700$0$0$3,654,061
95$6,859,331$0$0$3,945,179
96$7,407,504$0$0$4,263,421
97$8,006,819$0$0$4,611,472
98$8,662,341$0$0$4,992,289
99$9,379,650$0$0$5,409,129
100$10,164,888$0$0$5,865,577