Can I retire at age 60 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$66,476$65,884$65,306$64,742$64,192$62,312
2 years$32,909$32,296$31,702$31,126$30,568$28,689
3 years$21,721$21,106$20,513$19,943$19,393$17,574
4 years$16,129$15,515$14,928$14,368$13,831$12,087
5 years$12,774$12,164$11,585$11,036$10,514$8,848
6 years$10,538$9,933$9,362$8,825$8,320$6,734
7 years$8,942$8,342$7,780$7,256$6,766$5,261
8 years$7,745$7,150$6,598$6,087$5,613$4,187
9 years$6,815$6,226$5,683$5,185$4,727$3,379
10 years$6,071$5,488$4,955$4,469$4,028$2,755
11 years$5,463$4,885$4,362$3,889$3,464$2,266
12 years$4,956$4,385$3,871$3,412$3,002$1,875
13 years$4,528$3,963$3,459$3,012$2,618$1,560
14 years$4,162$3,602$3,108$2,674$2,295$1,303
15 years$3,844$3,290$2,806$2,384$2,020$1,092
16 years$3,566$3,019$2,544$2,135$1,786$918
17 years$3,322$2,780$2,315$1,918$1,583$774
18 years$3,105$2,569$2,113$1,729$1,408$653
19 years$2,910$2,381$1,934$1,562$1,255$552
20 years$2,736$2,213$1,775$1,415$1,121$468
21 years$2,578$2,061$1,633$1,284$1,003$397
22 years$2,435$1,924$1,505$1,167$899$337
23 years$2,305$1,799$1,390$1,063$807$286
24 years$2,185$1,686$1,285$970$725$243
25 years$2,075$1,582$1,190$886$653$207
26 years$1,974$1,487$1,104$810$588$176
27 years$1,881$1,399$1,025$741$530$150
28 years$1,794$1,319$953$679$478$127
29 years$1,714$1,244$887$623$432$109
30 years$1,639$1,175$826$572$390$92
31 years$1,569$1,110$770$525$353$79
32 years$1,503$1,051$719$482$319$67
33 years$1,442$995$671$444$289$57
34 years$1,384$943$627$408$261$49
35 years$1,330$895$586$376$237$42
36 years$1,279$849$548$346$215$35
37 years$1,230$806$513$319$194$30
38 years$1,185$766$481$294$176$26
39 years$1,141$729$450$271$160$22
40 years$1,101$693$422$250$145$19
41 years$1,062$660$396$231$132$16
42 years$1,025$629$371$213$119$14
43 years$990$599$348$196$108$12
44 years$956$571$327$181$98$10
45 years$925$544$307$168$89$8
46 years$894$519$288$155$81$7
47 years$865$496$271$143$74$6
48 years$838$473$255$132$67$5
49 years$811$452$239$122$61$4
50 years$786$432$225$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $805,000, adding $3,181 every year, while hoping to spend $53,906 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: 67/15/18 Blend
59$805,000$805,000$805,000$805,000
60$890,391$847,726$835,249$945,914
61$923,856$831,909$805,874$967,624
62$958,927$813,511$773,708$984,787
63$995,711$792,347$738,602$1,002,238
64$1,034,326$768,223$700,397$1,020,003
65$1,074,896$740,935$658,929$1,038,111
66$1,117,559$710,265$614,027$1,056,599
67$1,162,463$675,982$565,511$1,075,507
68$1,209,772$637,842$513,193$1,094,881
69$1,259,662$595,589$456,878$1,114,775
70$1,312,325$548,951$396,360$1,135,251
71$1,367,971$497,638$331,427$1,156,378
72$1,426,829$441,348$261,856$1,178,237
73$1,489,150$379,758$187,412$1,200,919
74$1,555,206$312,529$107,853$1,224,526
75$1,625,296$239,302$22,925$1,249,176
76$1,699,746$159,698$0$1,275,000
77$1,778,913$73,316$0$1,315,152
78$1,863,188$0$0$1,362,341
79$1,952,998$0$0$1,415,749
80$2,048,810$0$0$1,485,665
81$2,151,139$0$0$1,560,366
82$2,260,546$0$0$1,640,267
83$2,377,647$0$0$1,725,820
84$2,503,118$0$0$1,817,525
85$2,637,700$0$0$1,915,928
86$2,782,206$0$0$2,021,627
87$2,937,529$0$0$2,135,282
88$3,104,648$0$0$2,257,614
89$3,284,640$0$0$2,389,416
90$3,478,684$0$0$2,531,561
91$3,688,081$0$0$2,685,004
92$3,914,254$0$0$2,850,799
93$4,158,773$0$0$3,030,100
94$4,423,357$0$0$3,224,178
95$4,709,902$0$0$3,434,430
96$5,020,488$0$0$3,662,391
97$5,357,405$0$0$3,909,750
98$5,723,169$0$0$4,178,365
99$6,120,549$0$0$4,470,277
100$6,552,591$0$0$4,787,735