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%17.9%
1 years$66,063$65,475$64,901$64,340$63,793$61,751
2 years$32,705$32,095$31,505$30,933$30,378$28,339
3 years$21,586$20,975$20,386$19,819$19,273$17,302
4 years$16,029$15,419$14,836$14,278$13,746$11,857
5 years$12,695$12,088$11,513$10,967$10,449$8,648
6 years$10,473$9,871$9,304$8,771$8,268$6,557
7 years$8,886$8,290$7,732$7,211$6,724$5,102
8 years$7,697$7,106$6,557$6,049$5,578$4,044
9 years$6,773$6,187$5,648$5,152$4,698$3,249
10 years$6,033$5,453$4,924$4,441$4,003$2,638
11 years$5,429$4,855$4,335$3,865$3,442$2,159
12 years$4,926$4,357$3,847$3,390$2,983$1,779
13 years$4,500$3,938$3,437$2,993$2,601$1,473
14 years$4,136$3,579$3,088$2,657$2,280$1,224
15 years$3,820$3,270$2,788$2,370$2,008$1,021
16 years$3,544$3,000$2,528$2,122$1,775$854
17 years$3,301$2,763$2,300$1,906$1,573$716
18 years$3,085$2,553$2,100$1,718$1,399$602
19 years$2,892$2,366$1,922$1,552$1,247$506
20 years$2,719$2,199$1,764$1,406$1,114$426
21 years$2,562$2,048$1,623$1,276$997$359
22 years$2,420$1,912$1,496$1,160$893$303
23 years$2,290$1,788$1,381$1,057$802$256
24 years$2,172$1,675$1,277$964$721$217
25 years$2,063$1,572$1,183$880$649$183
26 years$1,962$1,478$1,097$805$584$155
27 years$1,869$1,391$1,019$737$527$131
28 years$1,783$1,310$947$675$475$111
29 years$1,703$1,236$881$619$429$94
30 years$1,628$1,167$821$568$388$80
31 years$1,559$1,104$765$522$351$67
32 years$1,494$1,044$714$479$317$57
33 years$1,433$989$667$441$287$48
34 years$1,375$937$623$406$260$41
35 years$1,321$889$582$373$235$35
36 years$1,271$844$545$344$213$30
37 years$1,223$801$510$317$193$25
38 years$1,177$762$478$292$175$21
39 years$1,134$724$447$269$159$18
40 years$1,094$689$419$248$144$15
41 years$1,055$656$393$229$131$13
42 years$1,019$625$369$211$119$11
43 years$984$595$346$195$108$9
44 years$951$567$325$180$98$8
45 years$919$541$305$166$89$7
46 years$889$516$287$154$81$6
47 years$860$492$269$142$73$5
48 years$833$470$253$131$66$4
49 years$806$449$238$121$60$3
50 years$781$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $800,000, adding $2,386 every year, while hoping to spend $23,010 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: 37/44/19 Blend
59$800,000$800,000$800,000$800,000
60$884,061$841,661$829,261$911,620
61$949,753$858,420$832,559$948,558
62$1,021,374$875,229$835,196$986,087
63$1,099,505$892,066$837,126$1,026,147
64$1,184,785$908,908$838,300$1,068,977
65$1,277,917$925,728$838,667$1,114,842
66$1,379,675$942,500$838,173$1,164,034
67$1,490,912$959,192$836,762$1,216,877
68$1,612,567$975,774$834,375$1,273,726
69$1,745,672$992,210$830,950$1,334,975
70$1,891,365$1,008,463$826,421$1,401,057
71$2,050,900$1,024,493$820,722$1,472,452
72$2,225,655$1,040,257$813,780$1,549,689
73$2,417,151$1,055,709$805,520$1,633,351
74$2,627,060$1,070,798$795,865$1,724,081
75$2,857,226$1,085,473$784,733$1,822,592
76$3,109,679$1,099,677$772,037$1,929,668
77$3,386,653$1,113,349$757,687$2,046,175
78$3,690,613$1,126,423$741,590$2,173,068
79$4,024,269$1,138,832$723,648$2,311,403
80$4,390,611$1,150,501$703,756$2,462,344
81$4,792,929$1,161,352$681,808$2,627,175
82$5,234,850$1,171,300$657,691$2,807,314
83$5,720,368$1,180,257$631,286$3,004,325
84$6,253,883$1,188,126$602,471$3,219,935
85$6,840,242$1,194,808$571,117$3,456,047
86$7,484,786$1,200,193$537,090$3,714,764
87$8,193,400$1,204,168$500,248$3,998,405
88$8,972,565$1,206,610$460,444$4,309,526
89$9,829,423$1,207,391$417,525$4,650,951
90$10,771,842$1,206,371$371,331$5,025,792
91$11,808,493$1,203,406$321,693$5,437,485
92$12,948,927$1,198,341$268,437$5,889,818
93$14,203,668$1,191,010$211,380$6,386,971
94$15,584,312$1,181,239$150,331$6,933,553
95$17,103,635$1,168,843$85,091$7,534,651
96$18,775,716$1,153,627$15,452$8,195,873
97$20,616,066$1,135,381$0$8,923,404
98$22,641,775$1,113,886$0$9,736,002
99$24,871,678$1,088,908$0$10,633,376
100$27,326,525$1,060,200$0$11,620,737