Can I retire at age 60 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$66,228$65,638$65,063$64,501$63,953$62,005
2 years$32,786$32,176$31,584$31,010$30,454$28,508
3 years$21,640$21,027$20,437$19,869$19,321$17,439
4 years$16,069$15,457$14,873$14,314$13,780$11,975
5 years$12,726$12,119$11,542$10,995$10,475$8,753
6 years$10,499$9,896$9,328$8,792$8,289$6,650
7 years$8,909$8,310$7,751$7,229$6,741$5,186
8 years$7,716$7,124$6,574$6,064$5,592$4,121
9 years$6,789$6,202$5,662$5,165$4,710$3,319
10 years$6,048$5,467$4,936$4,452$4,013$2,702
11 years$5,443$4,867$4,346$3,875$3,451$2,217
12 years$4,938$4,368$3,857$3,399$2,991$1,831
13 years$4,511$3,948$3,446$3,001$2,608$1,520
14 years$4,146$3,588$3,096$2,664$2,286$1,267
15 years$3,830$3,278$2,795$2,376$2,013$1,060
16 years$3,553$3,008$2,534$2,127$1,779$889
17 years$3,309$2,770$2,306$1,911$1,577$748
18 years$3,093$2,559$2,105$1,722$1,402$630
19 years$2,900$2,372$1,927$1,556$1,250$532
20 years$2,726$2,204$1,769$1,409$1,117$449
21 years$2,569$2,053$1,627$1,279$999$380
22 years$2,426$1,917$1,499$1,163$896$322
23 years$2,296$1,793$1,384$1,059$804$272
24 years$2,177$1,679$1,280$966$723$231
25 years$2,068$1,576$1,186$882$650$196
26 years$1,967$1,481$1,100$807$586$166
27 years$1,874$1,394$1,021$738$528$141
28 years$1,787$1,314$949$677$477$120
29 years$1,707$1,239$884$620$430$102
30 years$1,633$1,170$823$569$389$87
31 years$1,563$1,106$767$523$351$74
32 years$1,497$1,047$716$481$318$63
33 years$1,436$991$668$442$288$53
34 years$1,379$940$625$407$261$45
35 years$1,325$891$584$374$236$39
36 years$1,274$846$546$345$214$33
37 years$1,226$803$511$318$194$28
38 years$1,180$764$479$293$176$24
39 years$1,137$726$449$270$159$20
40 years$1,096$691$420$249$144$17
41 years$1,058$658$394$230$131$15
42 years$1,021$626$370$212$119$12
43 years$986$597$347$196$108$11
44 years$953$569$326$181$98$9
45 years$921$542$306$167$89$8
46 years$891$517$287$154$81$7
47 years$862$494$270$142$73$6
48 years$835$471$254$132$67$5
49 years$808$450$238$122$60$4
50 years$783$430$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 $802,000, adding $2,255 every year, while hoping to spend $20,761 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: 44/26/30 Blend
59$802,000$802,000$802,000$802,000
60$886,130$843,624$831,193$917,311
61$954,426$862,872$836,948$959,112
62$1,028,992$882,367$842,201$1,002,261
63$1,110,446$902,100$846,911$1,048,647
64$1,199,468$922,060$851,040$1,098,586
65$1,296,807$942,234$854,542$1,152,423
66$1,403,286$962,608$857,375$1,210,542
67$1,519,814$983,169$859,489$1,273,362
68$1,647,389$1,003,898$860,837$1,341,349
69$1,787,113$1,024,779$861,365$1,415,015
70$1,940,197$1,045,792$861,019$1,494,927
71$2,107,975$1,066,914$859,741$1,581,706
72$2,291,918$1,088,122$857,472$1,676,041
73$2,493,644$1,109,391$854,148$1,778,691
74$2,714,937$1,130,692$849,703$1,890,491
75$2,957,761$1,151,996$844,068$2,012,365
76$3,224,278$1,173,270$837,170$2,145,330
77$3,516,872$1,194,478$828,933$2,290,509
78$3,838,168$1,215,582$819,277$2,449,138
79$4,191,057$1,236,541$808,119$2,622,583
80$4,578,725$1,257,312$795,371$2,812,350
81$5,004,680$1,277,846$780,941$3,020,099
82$5,472,789$1,298,092$764,734$3,247,661
83$5,987,311$1,317,995$746,650$3,497,054
84$6,552,937$1,337,498$726,583$3,770,505
85$7,174,837$1,356,535$704,424$4,070,470
86$7,858,706$1,375,041$680,058$4,399,656
87$8,610,819$1,392,943$653,365$4,761,049
88$9,438,089$1,410,164$624,219$5,157,942
89$10,348,133$1,426,621$592,490$5,593,963
90$11,349,344$1,442,226$558,039$6,073,117
91$12,450,967$1,456,885$520,723$6,599,816
92$13,663,191$1,470,499$480,393$7,178,928
93$14,997,243$1,482,959$436,893$7,815,817
94$16,465,491$1,494,153$390,057$8,516,399
95$18,081,563$1,503,959$339,717$9,287,198
96$19,860,478$1,512,248$285,693$10,135,404
97$21,818,781$1,518,883$227,798$11,068,945
98$23,974,707$1,523,718$165,839$12,096,562
99$26,348,345$1,526,598$99,612$13,227,892
100$28,961,832$1,527,358$28,906$14,473,558