Can I retire at age 60 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$66,063$65,475$64,901$64,340$63,793$62,633
2 years$32,705$32,095$31,505$30,933$30,378$29,213
3 years$21,586$20,975$20,386$19,819$19,273$18,140
4 years$16,029$15,419$14,836$14,278$13,746$12,653
5 years$12,695$12,088$11,513$10,967$10,449$9,401
6 years$10,473$9,871$9,304$8,771$8,268$7,264
7 years$8,886$8,290$7,732$7,211$6,724$5,765
8 years$7,697$7,106$6,557$6,049$5,578$4,664
9 years$6,773$6,187$5,648$5,152$4,698$3,828
10 years$6,033$5,453$4,924$4,441$4,003$3,176
11 years$5,429$4,855$4,335$3,865$3,442$2,659
12 years$4,926$4,357$3,847$3,390$2,983$2,241
13 years$4,500$3,938$3,437$2,993$2,601$1,899
14 years$4,136$3,579$3,088$2,657$2,280$1,617
15 years$3,820$3,270$2,788$2,370$2,008$1,383
16 years$3,544$3,000$2,528$2,122$1,775$1,186
17 years$3,301$2,763$2,300$1,906$1,573$1,020
18 years$3,085$2,553$2,100$1,718$1,399$879
19 years$2,892$2,366$1,922$1,552$1,247$759
20 years$2,719$2,199$1,764$1,406$1,114$656
21 years$2,562$2,048$1,623$1,276$997$569
22 years$2,420$1,912$1,496$1,160$893$493
23 years$2,290$1,788$1,381$1,057$802$428
24 years$2,172$1,675$1,277$964$721$372
25 years$2,063$1,572$1,183$880$649$323
26 years$1,962$1,478$1,097$805$584$281
27 years$1,869$1,391$1,019$737$527$245
28 years$1,783$1,310$947$675$475$214
29 years$1,703$1,236$881$619$429$186
30 years$1,628$1,167$821$568$388$162
31 years$1,559$1,104$765$522$351$141
32 years$1,494$1,044$714$479$317$123
33 years$1,433$989$667$441$287$108
34 years$1,375$937$623$406$260$94
35 years$1,321$889$582$373$235$82
36 years$1,271$844$545$344$213$72
37 years$1,223$801$510$317$193$63
38 years$1,177$762$478$292$175$55
39 years$1,134$724$447$269$159$48
40 years$1,094$689$419$248$144$42
41 years$1,055$656$393$229$131$36
42 years$1,019$625$369$211$119$32
43 years$984$595$346$195$108$28
44 years$951$567$325$180$98$24
45 years$919$541$305$166$89$21
46 years$889$516$287$154$81$19
47 years$860$492$269$142$73$16
48 years$833$470$253$131$66$14
49 years$806$449$238$121$60$12
50 years$781$429$224$112$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $800,000, adding $3,441 every year, while hoping to spend $26,840 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: 40/37/23 Blend
59$800,000$800,000$800,000$800,000
60$885,149$842,749$830,349$914,412
61$946,877$855,487$829,609$948,528
62$1,014,001$867,948$827,943$982,618
63$1,087,045$880,093$825,294$1,018,961
64$1,166,581$891,875$821,600$1,057,779
65$1,253,243$903,248$816,794$1,099,317
66$1,347,726$914,159$810,809$1,143,845
67$1,450,796$924,554$803,572$1,191,663
68$1,563,295$934,376$795,010$1,243,102
69$1,686,151$943,561$785,044$1,298,527
70$1,820,387$952,043$773,590$1,358,345
71$1,967,124$959,751$760,564$1,423,002
72$2,127,603$966,611$745,875$1,492,993
73$2,303,185$972,541$729,428$1,568,866
74$2,495,371$977,457$711,125$1,651,226
75$2,705,814$981,268$690,863$1,740,741
76$2,936,333$983,876$668,533$1,838,152
77$3,188,933$985,180$644,023$1,944,273
78$3,465,821$985,071$617,214$2,060,008
79$3,769,427$983,431$587,983$2,186,355
80$4,102,429$980,140$556,201$2,324,414
81$4,467,775$975,065$521,732$2,475,404
82$4,868,714$968,069$484,436$2,640,669
83$5,308,824$959,005$444,165$2,821,693
84$5,792,045$947,717$400,766$3,020,118
85$6,322,718$934,041$354,077$3,237,755
86$6,905,627$917,800$303,930$3,476,604
87$7,546,039$898,810$250,149$3,738,873
88$8,249,759$876,875$192,553$4,027,002
89$9,023,179$851,787$130,948$4,343,683
90$9,873,345$823,326$65,136$4,691,889
91$10,808,016$791,259$0$5,074,900
92$11,835,743$755,340$0$5,497,588
93$12,965,945$715,308$0$5,979,841
94$14,209,001$670,888$0$6,510,124
95$15,576,345$621,788$0$7,093,364
96$17,080,576$567,700$0$7,734,994
97$18,735,576$508,297$0$8,441,007
98$20,556,638$443,237$0$9,218,009
99$22,560,614$372,155$0$10,073,288
100$24,766,072$294,666$0$11,014,878