Can I retire at age 60 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$66,394$65,802$65,225$64,662$64,112$62,792
2 years$32,868$32,256$31,663$31,088$30,530$29,206
3 years$21,694$21,080$20,488$19,918$19,369$18,083
4 years$16,109$15,496$14,910$14,350$13,814$12,575
5 years$12,758$12,149$11,571$11,022$10,501$9,313
6 years$10,525$9,920$9,351$8,814$8,309$7,173
7 years$8,931$8,331$7,771$7,247$6,758$5,674
8 years$7,736$7,141$6,590$6,079$5,606$4,574
9 years$6,806$6,218$5,676$5,178$4,721$3,741
10 years$6,063$5,481$4,949$4,464$4,023$3,093
11 years$5,456$4,879$4,357$3,885$3,460$2,579
12 years$4,950$4,379$3,866$3,407$2,998$2,165
13 years$4,523$3,958$3,454$3,008$2,614$1,828
14 years$4,156$3,597$3,104$2,670$2,292$1,550
15 years$3,839$3,286$2,802$2,381$2,018$1,320
16 years$3,562$3,015$2,541$2,132$1,783$1,127
17 years$3,318$2,777$2,312$1,916$1,581$965
18 years$3,101$2,566$2,110$1,727$1,406$828
19 years$2,907$2,378$1,932$1,560$1,253$712
20 years$2,733$2,210$1,773$1,413$1,119$613
21 years$2,575$2,058$1,631$1,282$1,002$529
22 years$2,432$1,921$1,503$1,166$898$456
23 years$2,302$1,797$1,388$1,062$806$394
24 years$2,182$1,684$1,284$969$724$341
25 years$2,073$1,580$1,189$884$652$295
26 years$1,972$1,485$1,103$809$587$256
27 years$1,878$1,398$1,024$740$529$221
28 years$1,792$1,317$952$678$478$192
29 years$1,712$1,242$886$622$431$166
30 years$1,637$1,173$825$571$390$144
31 years$1,567$1,109$769$524$352$125
32 years$1,501$1,049$718$482$319$109
33 years$1,440$994$670$443$288$94
34 years$1,382$942$626$408$261$82
35 years$1,328$893$585$375$237$71
36 years$1,277$848$548$346$214$62
37 years$1,229$805$513$318$194$54
38 years$1,183$765$480$293$176$47
39 years$1,140$728$450$271$160$41
40 years$1,099$692$421$250$145$35
41 years$1,060$659$395$230$131$31
42 years$1,024$628$371$213$119$27
43 years$989$598$348$196$108$23
44 years$955$570$327$181$98$20
45 years$924$544$307$167$89$18
46 years$893$519$288$155$81$15
47 years$864$495$271$143$74$13
48 years$837$473$254$132$67$12
49 years$810$451$239$122$61$10
50 years$785$431$225$113$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $804,000, adding $2,199 every year, while hoping to spend $22,473 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: 64/28/8 Blend
59$804,000$804,000$804,000$804,000
60$888,276$845,664$833,202$943,576
61$954,969$863,191$837,203$998,230
62$1,027,712$880,823$840,585$1,055,054
63$1,107,097$898,542$843,304$1,116,536
64$1,193,779$916,328$845,312$1,183,126
65$1,288,475$934,159$846,561$1,255,321
66$1,391,977$952,010$846,998$1,333,669
67$1,505,157$969,857$846,571$1,418,771
68$1,628,975$987,672$845,223$1,511,292
69$1,764,486$1,005,423$842,893$1,611,963
70$1,912,853$1,023,079$839,520$1,721,589
71$2,075,359$1,040,604$835,039$1,841,060
72$2,253,413$1,057,961$829,380$1,971,352
73$2,448,569$1,075,109$822,472$2,113,543
74$2,662,538$1,092,005$814,240$2,268,823
75$2,897,205$1,108,601$804,605$2,438,498
76$3,154,645$1,124,847$793,484$2,624,013
77$3,437,144$1,140,691$780,792$2,826,957
78$3,747,222$1,156,073$766,437$3,049,080
79$4,087,651$1,170,933$750,325$3,292,315
80$4,461,487$1,185,205$732,357$3,558,788
81$4,872,098$1,198,819$712,430$3,850,845
82$5,323,190$1,211,699$690,434$4,171,071
83$5,818,848$1,223,766$666,257$4,522,312
84$6,363,574$1,234,933$639,780$4,907,709
85$6,962,325$1,245,111$610,878$5,330,721
86$7,620,562$1,254,202$579,423$5,795,162
87$8,344,305$1,262,103$545,279$6,305,234
88$9,140,182$1,268,704$508,304$6,865,570
89$10,015,498$1,273,889$468,350$7,481,275
90$10,978,302$1,277,532$425,263$8,157,975
91$12,037,460$1,279,503$378,881$8,901,874
92$13,202,743$1,279,660$329,035$9,719,805
93$14,484,915$1,277,855$275,549$10,619,304
94$15,895,836$1,273,930$218,240$11,608,673
95$17,448,575$1,267,716$156,915$12,697,064
96$19,157,531$1,259,036$91,373$13,894,565
97$21,038,571$1,247,701$21,406$15,212,293
98$23,109,176$1,233,509$0$16,662,500
99$25,388,611$1,216,249$0$18,263,238
100$27,898,100$1,195,696$0$20,027,091