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%15.9%
1 years$66,146$65,557$64,982$64,421$63,873$62,329
2 years$32,745$32,136$31,545$30,972$30,416$28,869
3 years$21,613$21,001$20,411$19,844$19,297$17,797
4 years$16,049$15,438$14,854$14,296$13,763$12,320
5 years$12,710$12,104$11,528$10,981$10,462$9,081
6 years$10,486$9,883$9,316$8,782$8,278$6,960
7 years$8,897$8,300$7,742$7,220$6,733$5,478
8 years$7,707$7,115$6,565$6,056$5,585$4,393
9 years$6,781$6,195$5,655$5,159$4,704$3,573
10 years$6,041$5,460$4,930$4,447$4,008$2,938
11 years$5,436$4,861$4,340$3,870$3,447$2,436
12 years$4,932$4,363$3,852$3,395$2,987$2,033
13 years$4,506$3,943$3,441$2,997$2,605$1,706
14 years$4,141$3,584$3,092$2,660$2,283$1,438
15 years$3,825$3,274$2,792$2,373$2,010$1,217
16 years$3,549$3,004$2,531$2,124$1,777$1,032
17 years$3,305$2,766$2,303$1,909$1,575$878
18 years$3,089$2,556$2,103$1,720$1,401$749
19 years$2,896$2,369$1,925$1,554$1,249$639
20 years$2,722$2,202$1,767$1,408$1,115$547
21 years$2,565$2,051$1,625$1,278$998$468
22 years$2,423$1,914$1,498$1,162$895$401
23 years$2,293$1,790$1,383$1,058$803$344
24 years$2,174$1,677$1,279$965$722$296
25 years$2,065$1,574$1,184$881$649$254
26 years$1,964$1,479$1,098$806$585$218
27 years$1,871$1,392$1,020$737$527$188
28 years$1,785$1,312$948$676$476$162
29 years$1,705$1,238$882$620$430$139
30 years$1,630$1,169$822$569$388$120
31 years$1,561$1,105$766$522$351$103
32 years$1,496$1,046$715$480$318$89
33 years$1,434$990$668$441$287$77
34 years$1,377$938$624$406$260$66
35 years$1,323$890$583$374$236$57
36 years$1,272$845$546$344$214$49
37 years$1,224$802$511$317$194$42
38 years$1,179$763$478$292$175$37
39 years$1,136$725$448$270$159$31
40 years$1,095$690$420$249$144$27
41 years$1,056$657$394$229$131$23
42 years$1,020$625$369$212$119$20
43 years$985$596$347$195$108$17
44 years$952$568$325$180$98$15
45 years$920$542$305$167$89$13
46 years$890$517$287$154$81$11
47 years$861$493$270$142$73$10
48 years$834$471$253$131$67$8
49 years$807$450$238$121$60$7
50 years$782$429$224$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $801,000, adding $2,922 every year, while hoping to spend $49,453 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: 74/14/12 Blend
59$801,000$801,000$801,000$801,000
60$885,716$843,263$830,848$948,907
61$923,441$831,965$806,063$979,743
62$963,357$818,457$778,791$1,007,070
63$1,005,635$802,576$748,896$1,035,655
64$1,050,462$784,154$716,236$1,065,606
65$1,098,041$763,010$680,663$1,097,047
66$1,148,598$738,954$642,021$1,130,111
67$1,202,376$711,784$600,150$1,164,950
68$1,259,643$681,286$554,879$1,201,729
69$1,320,691$647,234$506,032$1,240,632
70$1,385,843$609,389$453,425$1,281,863
71$1,455,448$567,499$396,865$1,325,647
72$1,529,894$521,296$336,150$1,372,236
73$1,609,601$470,498$271,069$1,421,906
74$1,695,034$414,806$201,403$1,474,963
75$1,786,700$353,904$126,923$1,531,749
76$1,885,158$287,460$47,389$1,592,638
77$1,991,019$215,120$0$1,658,048
78$2,104,956$136,514$0$1,733,241
79$2,227,706$51,248$0$1,820,713
80$2,360,080$0$0$1,914,991
81$2,502,969$0$0$2,023,067
82$2,657,350$0$0$2,148,393
83$2,824,298$0$0$2,283,950
84$3,004,997$0$0$2,430,701
85$3,200,744$0$0$2,589,705
86$3,412,968$0$0$2,762,126
87$3,643,241$0$0$2,949,244
88$3,893,288$0$0$3,152,468
89$4,165,012$0$0$3,373,347
90$4,460,501$0$0$3,613,584
91$4,782,057$0$0$3,875,054
92$5,132,208$0$0$4,159,819
93$5,513,739$0$0$4,470,151
94$5,929,715$0$0$4,808,546
95$6,383,509$0$0$5,177,754
96$6,878,831$0$0$5,580,802
97$7,419,769$0$0$6,021,021
98$8,010,821$0$0$6,502,077
99$8,656,938$0$0$7,028,009
100$9,363,573$0$0$7,603,262