Can I retire at age 60 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$66,146$65,557$64,982$64,421$63,873$62,002
2 years$32,745$32,136$31,545$30,972$30,416$28,546
3 years$21,613$21,001$20,411$19,844$19,297$17,487
4 years$16,049$15,438$14,854$14,296$13,763$12,027
5 years$12,710$12,104$11,528$10,981$10,462$8,804
6 years$10,486$9,883$9,316$8,782$8,278$6,700
7 years$8,897$8,300$7,742$7,220$6,733$5,234
8 years$7,707$7,115$6,565$6,056$5,585$4,166
9 years$6,781$6,195$5,655$5,159$4,704$3,362
10 years$6,041$5,460$4,930$4,447$4,008$2,742
11 years$5,436$4,861$4,340$3,870$3,447$2,254
12 years$4,932$4,363$3,852$3,395$2,987$1,866
13 years$4,506$3,943$3,441$2,997$2,605$1,552
14 years$4,141$3,584$3,092$2,660$2,283$1,297
15 years$3,825$3,274$2,792$2,373$2,010$1,087
16 years$3,549$3,004$2,531$2,124$1,777$914
17 years$3,305$2,766$2,303$1,909$1,575$770
18 years$3,089$2,556$2,103$1,720$1,401$650
19 years$2,896$2,369$1,925$1,554$1,249$550
20 years$2,722$2,202$1,767$1,408$1,115$466
21 years$2,565$2,051$1,625$1,278$998$395
22 years$2,423$1,914$1,498$1,162$895$335
23 years$2,293$1,790$1,383$1,058$803$284
24 years$2,174$1,677$1,279$965$722$242
25 years$2,065$1,574$1,184$881$649$206
26 years$1,964$1,479$1,098$806$585$175
27 years$1,871$1,392$1,020$737$527$149
28 years$1,785$1,312$948$676$476$127
29 years$1,705$1,238$882$620$430$108
30 years$1,630$1,169$822$569$388$92
31 years$1,561$1,105$766$522$351$78
32 years$1,496$1,046$715$480$318$67
33 years$1,434$990$668$441$287$57
34 years$1,377$938$624$406$260$49
35 years$1,323$890$583$374$236$41
36 years$1,272$845$546$344$214$35
37 years$1,224$802$511$317$194$30
38 years$1,179$763$478$292$175$26
39 years$1,136$725$448$270$159$22
40 years$1,095$690$420$249$144$19
41 years$1,056$657$394$229$131$16
42 years$1,020$625$369$212$119$14
43 years$985$596$347$195$108$12
44 years$952$568$325$180$98$10
45 years$920$542$305$167$89$8
46 years$890$517$287$154$81$7
47 years$861$493$270$142$73$6
48 years$834$471$253$131$67$5
49 years$807$450$238$121$60$4
50 years$782$429$224$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $801,000, adding $2,897 every year, while hoping to spend $44,817 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: 44/37/19 Blend
59$801,000$801,000$801,000$801,000
60$885,690$843,237$830,822$919,676
61$928,346$836,871$810,969$937,505
62$973,850$828,691$788,950$952,175
63$1,022,446$818,560$764,643$967,140
64$1,074,401$806,335$737,924$982,452
65$1,130,007$791,862$708,661$998,165
66$1,189,584$774,980$676,718$1,014,345
67$1,253,484$755,516$641,950$1,031,069
68$1,322,092$733,289$604,209$1,048,424
69$1,395,833$708,107$563,337$1,066,508
70$1,475,169$679,766$519,170$1,085,438
71$1,560,613$648,051$471,538$1,105,343
72$1,652,723$612,733$420,263$1,126,370
73$1,752,115$573,572$365,156$1,148,690
74$1,859,467$530,313$306,025$1,172,492
75$1,975,520$482,686$242,664$1,197,993
76$2,101,092$430,406$174,862$1,225,436
77$2,237,081$373,173$102,397$1,255,096
78$2,384,473$310,669$25,038$1,287,284
79$2,544,354$242,557$0$1,322,348
80$2,717,918$168,482$0$1,372,341
81$2,906,478$88,070$0$1,432,216
82$3,111,478$924$0$1,497,437
83$3,334,507$0$0$1,568,615
84$3,577,313$0$0$1,684,439
85$3,841,820$0$0$1,811,114
86$4,130,144$0$0$1,949,288
87$4,444,617$0$0$2,100,090
88$4,787,801$0$0$2,264,760
89$5,162,520$0$0$2,444,666
90$5,571,880$0$0$2,641,313
91$6,019,303$0$0$2,856,357
92$6,508,554$0$0$3,091,623
93$7,043,781$0$0$3,349,120
94$7,629,548$0$0$3,631,059
95$8,270,883$0$0$3,939,877
96$8,973,323$0$0$4,278,255
97$9,742,964$0$0$4,649,148
98$10,586,522$0$0$5,055,809
99$11,511,389$0$0$5,501,821
100$12,525,713$0$0$5,991,132