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%15.4%
1 years$66,146$65,557$64,982$64,421$63,873$62,456
2 years$32,745$32,136$31,545$30,972$30,416$28,995
3 years$21,613$21,001$20,411$19,844$19,297$17,918
4 years$16,049$15,438$14,854$14,296$13,763$12,435
5 years$12,710$12,104$11,528$10,981$10,462$9,190
6 years$10,486$9,883$9,316$8,782$8,278$7,063
7 years$8,897$8,300$7,742$7,220$6,733$5,574
8 years$7,707$7,115$6,565$6,056$5,585$4,484
9 years$6,781$6,195$5,655$5,159$4,704$3,658
10 years$6,041$5,460$4,930$4,447$4,008$3,017
11 years$5,436$4,861$4,340$3,870$3,447$2,509
12 years$4,932$4,363$3,852$3,395$2,987$2,101
13 years$4,506$3,943$3,441$2,997$2,605$1,769
14 years$4,141$3,584$3,092$2,660$2,283$1,496
15 years$3,825$3,274$2,792$2,373$2,010$1,270
16 years$3,549$3,004$2,531$2,124$1,777$1,082
17 years$3,305$2,766$2,303$1,909$1,575$923
18 years$3,089$2,556$2,103$1,720$1,401$790
19 years$2,896$2,369$1,925$1,554$1,249$677
20 years$2,722$2,202$1,767$1,408$1,115$581
21 years$2,565$2,051$1,625$1,278$998$500
22 years$2,423$1,914$1,498$1,162$895$430
23 years$2,293$1,790$1,383$1,058$803$370
24 years$2,174$1,677$1,279$965$722$319
25 years$2,065$1,574$1,184$881$649$276
26 years$1,964$1,479$1,098$806$585$238
27 years$1,871$1,392$1,020$737$527$205
28 years$1,785$1,312$948$676$476$178
29 years$1,705$1,238$882$620$430$153
30 years$1,630$1,169$822$569$388$133
31 years$1,561$1,105$766$522$351$115
32 years$1,496$1,046$715$480$318$99
33 years$1,434$990$668$441$287$86
34 years$1,377$938$624$406$260$74
35 years$1,323$890$583$374$236$64
36 years$1,272$845$546$344$214$56
37 years$1,224$802$511$317$194$48
38 years$1,179$763$478$292$175$42
39 years$1,136$725$448$270$159$36
40 years$1,095$690$420$249$144$31
41 years$1,056$657$394$229$131$27
42 years$1,020$625$369$212$119$24
43 years$985$596$347$195$108$20
44 years$952$568$325$180$98$18
45 years$920$542$305$167$89$15
46 years$890$517$287$154$81$13
47 years$861$493$270$142$73$11
48 years$834$471$253$131$67$10
49 years$807$450$238$121$60$9
50 years$782$429$224$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $801,000, adding $5,201 every year, while hoping to spend $40,246 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: 73/6/21 Blend
59$801,000$801,000$801,000$801,000
60$888,067$845,614$833,198$948,017
61$935,828$844,227$818,289$987,185
62$987,112$841,424$801,531$1,024,742
63$1,042,236$837,092$782,821$1,064,870
64$1,101,547$831,113$762,049$1,107,821
65$1,165,428$823,360$739,100$1,153,866
66$1,234,297$813,701$713,856$1,203,311
67$1,308,616$801,993$686,190$1,256,489
68$1,388,891$788,086$655,974$1,313,771
69$1,475,678$771,822$623,069$1,375,564
70$1,569,588$753,033$587,332$1,442,318
71$1,671,294$731,539$548,616$1,514,531
72$1,781,534$707,153$506,763$1,592,752
73$1,901,122$679,675$461,611$1,677,587
74$2,030,951$648,893$412,990$1,769,705
75$2,172,004$614,585$360,720$1,869,843
76$2,325,361$576,513$304,618$1,978,816
77$2,492,214$534,427$244,488$2,097,524
78$2,673,869$488,064$180,128$2,226,960
79$2,871,769$437,144$111,327$2,368,217
80$3,087,496$381,371$37,864$2,522,506
81$3,322,796$320,434$0$2,691,160
82$3,579,589$254,003$0$2,884,732
83$3,859,988$181,729$0$3,105,410
84$4,166,318$103,246$0$3,346,547
85$4,501,141$18,164$0$3,610,179
86$4,867,277$0$0$3,898,548
87$5,267,830$0$0$4,219,004
88$5,706,218$0$0$4,571,079
89$6,186,206$0$0$4,956,601
90$6,711,937$0$0$5,378,902
91$7,287,978$0$0$5,841,655
92$7,919,354$0$0$6,348,904
93$8,611,603$0$0$6,905,100
94$9,370,822$0$0$7,515,150
95$10,203,728$0$0$8,184,456
96$11,117,719$0$0$8,918,968
97$12,120,943$0$0$9,725,240
98$13,222,375$0$0$10,610,493
99$14,431,905$0$0$11,582,680
100$15,760,423$0$0$12,650,563