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%18.3%
1 years$66,063$65,475$64,901$64,340$63,793$61,652
2 years$32,705$32,095$31,505$30,933$30,378$28,242
3 years$21,586$20,975$20,386$19,819$19,273$17,209
4 years$16,029$15,419$14,836$14,278$13,746$11,770
5 years$12,695$12,088$11,513$10,967$10,449$8,567
6 years$10,473$9,871$9,304$8,771$8,268$6,480
7 years$8,886$8,290$7,732$7,211$6,724$5,031
8 years$7,697$7,106$6,557$6,049$5,578$3,978
9 years$6,773$6,187$5,648$5,152$4,698$3,189
10 years$6,033$5,453$4,924$4,441$4,003$2,583
11 years$5,429$4,855$4,335$3,865$3,442$2,109
12 years$4,926$4,357$3,847$3,390$2,983$1,732
13 years$4,500$3,938$3,437$2,993$2,601$1,430
14 years$4,136$3,579$3,088$2,657$2,280$1,186
15 years$3,820$3,270$2,788$2,370$2,008$986
16 years$3,544$3,000$2,528$2,122$1,775$823
17 years$3,301$2,763$2,300$1,906$1,573$688
18 years$3,085$2,553$2,100$1,718$1,399$576
19 years$2,892$2,366$1,922$1,552$1,247$483
20 years$2,719$2,199$1,764$1,406$1,114$406
21 years$2,562$2,048$1,623$1,276$997$341
22 years$2,420$1,912$1,496$1,160$893$287
23 years$2,290$1,788$1,381$1,057$802$242
24 years$2,172$1,675$1,277$964$721$203
25 years$2,063$1,572$1,183$880$649$172
26 years$1,962$1,478$1,097$805$584$145
27 years$1,869$1,391$1,019$737$527$122
28 years$1,783$1,310$947$675$475$103
29 years$1,703$1,236$881$619$429$87
30 years$1,628$1,167$821$568$388$73
31 years$1,559$1,104$765$522$351$62
32 years$1,494$1,044$714$479$317$52
33 years$1,433$989$667$441$287$44
34 years$1,375$937$623$406$260$37
35 years$1,321$889$582$373$235$32
36 years$1,271$844$545$344$213$27
37 years$1,223$801$510$317$193$23
38 years$1,177$762$478$292$175$19
39 years$1,134$724$447$269$159$16
40 years$1,094$689$419$248$144$14
41 years$1,055$656$393$229$131$11
42 years$1,019$625$369$211$119$10
43 years$984$595$346$195$108$8
44 years$951$567$325$180$98$7
45 years$919$541$305$166$89$6
46 years$889$516$287$154$81$5
47 years$860$492$269$142$73$4
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 $3,643 every year, while hoping to spend $22,751 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: 85/6/9 Blend
59$800,000$800,000$800,000$800,000
60$885,358$842,958$830,558$959,277
61$951,457$860,056$834,175$1,025,196
62$1,023,537$877,229$837,150$1,094,141
63$1,102,181$894,457$839,439$1,169,177
64$1,188,037$911,719$840,993$1,250,904
65$1,281,812$928,989$841,762$1,339,980
66$1,384,290$946,242$841,693$1,437,130
67$1,496,330$963,450$840,732$1,543,154
68$1,618,879$980,583$838,821$1,658,931
69$1,752,981$997,608$835,897$1,785,432
70$1,899,784$1,014,489$831,899$1,923,724
71$2,060,553$1,031,190$826,759$2,074,983
72$2,236,681$1,047,670$820,406$2,240,504
73$2,429,701$1,063,885$812,769$2,421,716
74$2,641,303$1,079,788$803,769$2,620,190
75$2,873,347$1,095,328$793,327$2,837,658
76$3,127,883$1,110,454$781,357$3,076,029
77$3,407,167$1,125,106$767,773$3,337,406
78$3,713,685$1,139,224$752,481$3,624,104
79$4,050,177$1,152,741$735,384$3,938,676
80$4,419,658$1,165,589$716,383$4,283,933
81$4,825,452$1,177,691$695,370$4,662,975
82$5,271,218$1,188,968$672,236$5,079,214
83$5,760,991$1,199,336$646,864$5,536,412
84$6,299,211$1,208,703$619,133$6,038,713
85$6,890,774$1,216,973$588,917$6,590,684
86$7,541,071$1,224,043$556,084$7,197,357
87$8,256,043$1,229,803$520,496$7,864,277
88$9,042,234$1,234,138$482,007$8,597,553
89$9,906,855$1,236,924$440,467$9,403,918
90$10,857,851$1,238,029$395,719$10,290,791
91$11,903,973$1,237,314$347,597$11,266,347
92$13,054,866$1,234,631$295,930$12,339,593
93$14,321,156$1,229,822$240,537$13,520,457
94$15,714,551$1,222,720$181,232$14,819,877
95$17,247,950$1,213,147$117,818$16,249,907
96$18,935,567$1,200,918$50,091$17,823,831
97$20,793,063$1,185,831$0$19,556,287
98$22,837,694$1,167,676$0$21,465,534
99$25,088,476$1,146,229$0$23,572,491
100$27,566,360$1,121,254$0$25,891,952