Can I retire at age 60 with 802,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$66,228$65,638$65,063$64,501$63,953$63,075
2 years$32,786$32,176$31,584$31,010$30,454$29,571
3 years$21,640$21,027$20,437$19,869$19,321$18,461
4 years$16,069$15,457$14,873$14,314$13,780$12,949
5 years$12,726$12,119$11,542$10,995$10,475$9,676
6 years$10,499$9,896$9,328$8,792$8,289$7,521
7 years$8,909$8,310$7,751$7,229$6,741$6,006
8 years$7,716$7,124$6,574$6,064$5,592$4,890
9 years$6,789$6,202$5,662$5,165$4,710$4,040
10 years$6,048$5,467$4,936$4,452$4,013$3,375
11 years$5,443$4,867$4,346$3,875$3,451$2,844
12 years$4,938$4,368$3,857$3,399$2,991$2,414
13 years$4,511$3,948$3,446$3,001$2,608$2,061
14 years$4,146$3,588$3,096$2,664$2,286$1,768
15 years$3,830$3,278$2,795$2,376$2,013$1,523
16 years$3,553$3,008$2,534$2,127$1,779$1,316
17 years$3,309$2,770$2,306$1,911$1,577$1,141
18 years$3,093$2,559$2,105$1,722$1,402$991
19 years$2,900$2,372$1,927$1,556$1,250$863
20 years$2,726$2,204$1,769$1,409$1,117$752
21 years$2,569$2,053$1,627$1,279$999$657
22 years$2,426$1,917$1,499$1,163$896$575
23 years$2,296$1,793$1,384$1,059$804$503
24 years$2,177$1,679$1,280$966$723$441
25 years$2,068$1,576$1,186$882$650$387
26 years$1,967$1,481$1,100$807$586$340
27 years$1,874$1,394$1,021$738$528$298
28 years$1,787$1,314$949$677$477$262
29 years$1,707$1,239$884$620$430$231
30 years$1,633$1,170$823$569$389$203
31 years$1,563$1,106$767$523$351$179
32 years$1,497$1,047$716$481$318$157
33 years$1,436$991$668$442$288$138
34 years$1,379$940$625$407$261$122
35 years$1,325$891$584$374$236$107
36 years$1,274$846$546$345$214$95
37 years$1,226$803$511$318$194$83
38 years$1,180$764$479$293$176$74
39 years$1,137$726$449$270$159$65
40 years$1,096$691$420$249$144$57
41 years$1,058$658$394$230$131$50
42 years$1,021$626$370$212$119$44
43 years$986$597$347$196$108$39
44 years$953$569$326$181$98$35
45 years$921$542$306$167$89$31
46 years$891$517$287$154$81$27
47 years$862$494$270$142$73$24
48 years$835$471$254$132$67$21
49 years$808$450$238$122$60$19
50 years$783$430$224$112$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $802,000, adding $6,465 every year, while hoping to spend $42,314 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: 44/33/23 Blend
59$802,000$802,000$802,000$802,000
60$890,473$847,967$835,536$923,465
61$936,279$844,495$818,504$943,980
62$985,340$839,436$799,484$961,593
63$1,037,941$832,665$778,364$979,835
64$1,094,400$824,054$755,028$998,786
65$1,155,060$813,464$729,353$1,018,538
66$1,220,303$800,750$701,212$1,039,193
67$1,290,544$785,757$670,473$1,060,868
68$1,366,241$768,321$636,996$1,083,696
69$1,447,898$748,269$600,635$1,107,826
70$1,536,066$725,417$561,239$1,133,426
71$1,631,352$699,570$518,648$1,160,686
72$1,734,424$670,522$472,697$1,189,818
73$1,846,014$638,057$423,211$1,221,062
74$1,966,928$601,943$370,010$1,254,685
75$2,098,054$561,937$312,904$1,290,987
76$2,240,365$517,781$251,696$1,330,307
77$2,394,934$469,204$186,179$1,373,020
78$2,562,939$415,917$116,138$1,419,547
79$2,745,678$357,616$41,348$1,470,358
80$2,944,578$293,980$0$1,525,980
81$3,161,209$224,669$0$1,596,437
82$3,397,299$149,325$0$1,684,385
83$3,654,751$67,569$0$1,780,457
84$3,935,657$0$0$1,885,529
85$4,242,321$0$0$2,008,197
86$4,577,279$0$0$2,169,074
87$4,943,324$0$0$2,344,976
88$5,343,529$0$0$2,537,391
89$5,781,279$0$0$2,747,959
90$6,260,299$0$0$2,978,485
91$6,784,693$0$0$3,230,958
92$7,358,980$0$0$3,507,566
93$7,988,135$0$0$3,810,720
94$8,677,637$0$0$4,143,075
95$9,433,522$0$0$4,507,555
96$10,262,437$0$0$4,907,382
97$11,171,701$0$0$5,346,104
98$12,169,380$0$0$5,827,627
99$13,264,353$0$0$6,356,256
100$14,466,406$0$0$6,936,733