Can I retire at age 60 with 799,000?

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 $799,000?

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$65,981$65,393$64,820$64,260$63,713$61,258
2 years$32,664$32,055$31,466$30,894$30,340$27,895
3 years$21,559$20,949$20,360$19,794$19,249$16,892
4 years$16,008$15,399$14,817$14,261$13,728$11,478
5 years$12,679$12,073$11,499$10,954$10,436$8,297
6 years$10,460$9,859$9,293$8,760$8,258$6,231
7 years$8,875$8,279$7,722$7,202$6,716$4,802
8 years$7,687$7,097$6,549$6,041$5,571$3,768
9 years$6,764$6,179$5,641$5,146$4,692$2,996
10 years$6,026$5,447$4,918$4,436$3,998$2,407
11 years$5,422$4,849$4,329$3,860$3,438$1,948
12 years$4,919$4,352$3,842$3,386$2,979$1,587
13 years$4,494$3,933$3,433$2,989$2,598$1,299
14 years$4,131$3,575$3,084$2,654$2,278$1,067
15 years$3,815$3,266$2,785$2,367$2,005$879
16 years$3,540$2,996$2,525$2,119$1,772$726
17 years$3,297$2,759$2,298$1,904$1,571$601
18 years$3,081$2,550$2,097$1,716$1,397$499
19 years$2,889$2,363$1,920$1,550$1,245$414
20 years$2,716$2,196$1,762$1,404$1,112$344
21 years$2,559$2,045$1,621$1,274$995$287
22 years$2,417$1,909$1,494$1,159$892$239
23 years$2,287$1,786$1,379$1,055$801$199
24 years$2,169$1,673$1,276$962$720$166
25 years$2,060$1,570$1,181$879$648$138
26 years$1,960$1,476$1,096$804$584$115
27 years$1,867$1,389$1,017$736$526$96
28 years$1,781$1,309$946$674$475$81
29 years$1,701$1,235$880$618$429$67
30 years$1,626$1,166$820$567$387$56
31 years$1,557$1,102$764$521$350$47
32 years$1,492$1,043$713$479$317$39
33 years$1,431$988$666$440$287$33
34 years$1,374$936$622$405$260$27
35 years$1,320$888$582$373$235$23
36 years$1,269$843$544$343$213$19
37 years$1,221$800$509$316$193$16
38 years$1,176$761$477$292$175$13
39 years$1,133$723$447$269$159$11
40 years$1,092$688$419$248$144$9
41 years$1,054$655$393$229$131$8
42 years$1,017$624$368$211$119$7
43 years$982$594$346$195$108$5
44 years$949$567$324$180$98$5
45 years$918$540$305$166$89$4
46 years$888$515$286$154$80$3
47 years$859$492$269$142$73$3
48 years$831$470$253$131$66$2
49 years$805$448$237$121$60$2
50 years$780$428$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 $799,000, adding $6,756 every year, while hoping to spend $58,420 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: 60/30/10 Blend
59$799,000$799,000$799,000$799,000
60$887,467$845,120$832,735$938,263
61$915,830$824,372$798,474$952,425
62$945,128$800,650$761,106$960,625
63$975,395$773,746$720,467$968,131
64$1,006,666$743,440$676,383$974,879
65$1,038,978$709,500$628,674$980,802
66$1,072,369$671,681$577,149$985,829
67$1,106,879$629,722$521,613$989,884
68$1,142,551$583,349$461,857$992,888
69$1,179,429$532,270$397,667$994,756
70$1,217,558$476,180$328,817$995,399
71$1,256,989$414,752$255,072$994,723
72$1,297,772$347,645$176,186$992,628
73$1,339,960$274,495$91,904$989,011
74$1,383,611$194,920$1,958$983,760
75$1,428,784$108,516$0$976,759
76$1,475,542$14,855$0$977,918
77$1,523,952$0$0$977,951
78$1,574,083$0$0$1,005,104
79$1,626,010$0$0$1,038,315
80$1,679,813$0$0$1,072,729
81$1,735,573$0$0$1,108,402
82$1,793,380$0$0$1,145,391
83$1,853,328$0$0$1,183,756
84$1,915,517$0$0$1,223,563
85$1,980,053$0$0$1,264,880
86$2,047,051$0$0$1,307,783
87$2,116,630$0$0$1,352,348
88$2,188,922$0$0$1,398,662
89$2,264,063$0$0$1,446,813
90$2,342,203$0$0$1,496,898
91$2,423,500$0$0$1,549,021
92$2,508,125$0$0$1,603,293
93$2,596,261$0$0$1,659,833
94$2,688,104$0$0$1,718,770
95$2,783,866$0$0$1,780,242
96$2,883,776$0$0$1,844,398
97$2,988,079$0$0$1,911,399
98$3,097,041$0$0$1,981,419
99$3,210,949$0$0$2,054,645
100$3,330,112$0$0$2,131,280