Can I retire at age 60 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$65,898$65,311$64,738$64,179$63,634$62,865
2 years$32,623$32,015$31,426$30,856$30,302$29,528
3 years$21,533$20,922$20,335$19,769$19,225$18,470
4 years$15,988$15,380$14,799$14,243$13,711$12,981
5 years$12,663$12,058$11,484$10,940$10,423$9,720
6 years$10,447$9,846$9,281$8,749$8,247$7,572
7 years$8,864$8,269$7,713$7,193$6,707$6,061
8 years$7,678$7,088$6,541$6,034$5,564$4,946
9 years$6,756$6,171$5,634$5,139$4,686$4,095
10 years$6,018$5,440$4,912$4,430$3,993$3,429
11 years$5,415$4,843$4,324$3,856$3,434$2,898
12 years$4,913$4,347$3,838$3,382$2,976$2,466
13 years$4,489$3,928$3,429$2,986$2,595$2,111
14 years$4,125$3,570$3,081$2,650$2,275$1,816
15 years$3,811$3,262$2,781$2,364$2,003$1,568
16 years$3,535$2,993$2,522$2,116$1,770$1,359
17 years$3,293$2,756$2,295$1,902$1,569$1,181
18 years$3,078$2,547$2,095$1,714$1,395$1,029
19 years$2,885$2,360$1,918$1,548$1,244$898
20 years$2,712$2,193$1,760$1,402$1,111$786
21 years$2,556$2,043$1,619$1,273$994$688
22 years$2,414$1,907$1,492$1,157$891$604
23 years$2,285$1,784$1,378$1,054$800$530
24 years$2,166$1,671$1,274$961$719$466
25 years$2,057$1,568$1,180$878$647$410
26 years$1,957$1,474$1,094$803$583$361
27 years$1,864$1,387$1,016$735$525$318
28 years$1,779$1,307$945$673$474$281
29 years$1,699$1,233$879$617$428$248
30 years$1,624$1,165$819$567$387$219
31 years$1,555$1,101$763$520$350$193
32 years$1,490$1,042$712$478$316$171
33 years$1,429$986$665$440$286$151
34 years$1,372$935$621$405$259$133
35 years$1,318$887$581$372$235$118
36 years$1,267$842$543$343$213$104
37 years$1,220$799$509$316$193$92
38 years$1,174$760$476$291$175$81
39 years$1,132$722$446$269$159$72
40 years$1,091$687$418$248$144$64
41 years$1,053$654$392$229$130$56
42 years$1,016$623$368$211$118$50
43 years$981$594$345$195$107$44
44 years$948$566$324$180$98$39
45 years$917$540$304$166$89$35
46 years$887$515$286$153$80$31
47 years$858$491$269$142$73$27
48 years$830$469$252$131$66$24
49 years$804$448$237$121$60$21
50 years$779$428$223$112$55$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $798,000, adding $3,813 every year, while hoping to spend $33,663 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: 58/21/21 Blend
59$798,000$798,000$798,000$798,000
60$883,329$841,035$828,666$929,409
61$937,612$846,429$820,609$966,584
62$996,302$850,958$811,154$1,003,129
63$1,059,816$854,546$800,219$1,042,230
64$1,128,608$857,109$787,716$1,084,142
65$1,203,178$858,560$773,557$1,129,146
66$1,284,077$858,804$757,646$1,177,551
67$1,371,910$857,743$739,885$1,229,703
68$1,467,343$855,270$720,169$1,285,980
69$1,571,109$851,275$698,391$1,346,804
70$1,684,013$845,638$674,438$1,412,637
71$1,806,941$838,234$648,191$1,483,995
72$1,940,870$828,928$619,526$1,561,443
73$2,086,872$817,579$588,314$1,645,609
74$2,246,130$804,037$554,419$1,737,186
75$2,419,943$788,143$517,700$1,836,939
76$2,609,744$769,729$478,010$1,945,714
77$2,817,108$748,615$435,193$2,064,447
78$3,043,769$724,614$389,089$2,194,168
79$3,291,639$697,526$339,528$2,336,019
80$3,562,820$667,138$286,336$2,491,259
81$3,859,627$633,227$229,328$2,661,279
82$4,184,611$595,557$168,313$2,847,615
83$4,540,579$553,878$103,089$3,051,964
84$4,930,624$507,923$33,448$3,276,198
85$5,358,151$457,415$0$3,522,385
86$5,826,910$402,056$0$3,801,966
87$6,341,034$341,535$0$4,116,897
88$6,905,071$275,522$0$4,462,509
89$7,524,033$203,667$0$4,841,930
90$8,203,440$125,603$0$5,258,605
91$8,949,374$40,941$0$5,716,336
92$9,768,532$0$0$6,219,313
93$10,668,293$0$0$6,783,879
94$11,656,787$0$0$7,414,586
95$12,742,966$0$0$8,107,696
96$13,936,698$0$0$8,869,513
97$15,248,850$0$0$9,706,982
98$16,691,395$0$0$10,627,756
99$18,277,526$0$0$11,640,265
100$20,021,775$0$0$12,753,796