Can I retire at age 60 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$66,559$65,966$65,387$64,823$64,272$62,718
2 years$32,950$32,336$31,741$31,165$30,606$29,049
3 years$21,748$21,132$20,539$19,968$19,417$17,908
4 years$16,149$15,534$14,947$14,386$13,849$12,397
5 years$12,790$12,179$11,599$11,049$10,528$9,138
6 years$10,551$9,945$9,374$8,836$8,330$7,004
7 years$8,953$8,352$7,790$7,265$6,775$5,512
8 years$7,755$7,159$6,606$6,094$5,620$4,421
9 years$6,823$6,233$5,690$5,191$4,733$3,595
10 years$6,079$5,494$4,961$4,475$4,033$2,956
11 years$5,470$4,891$4,367$3,894$3,468$2,451
12 years$4,963$4,390$3,876$3,416$3,006$2,046
13 years$4,534$3,967$3,463$3,016$2,621$1,717
14 years$4,167$3,606$3,111$2,677$2,297$1,447
15 years$3,849$3,294$2,809$2,387$2,023$1,224
16 years$3,571$3,023$2,547$2,138$1,788$1,039
17 years$3,326$2,784$2,318$1,921$1,585$884
18 years$3,108$2,572$2,116$1,731$1,409$753
19 years$2,914$2,384$1,937$1,564$1,256$643
20 years$2,739$2,215$1,778$1,417$1,122$550
21 years$2,581$2,063$1,635$1,286$1,004$471
22 years$2,438$1,926$1,507$1,169$900$404
23 years$2,307$1,801$1,391$1,065$808$346
24 years$2,188$1,688$1,287$971$726$298
25 years$2,078$1,584$1,192$887$654$256
26 years$1,977$1,489$1,105$811$589$220
27 years$1,883$1,401$1,026$742$531$189
28 years$1,796$1,320$954$680$479$163
29 years$1,716$1,245$888$624$432$140
30 years$1,641$1,176$827$572$391$121
31 years$1,571$1,112$771$526$353$104
32 years$1,505$1,052$719$483$320$90
33 years$1,443$996$672$444$289$77
34 years$1,386$944$628$409$262$67
35 years$1,331$896$587$376$237$57
36 years$1,280$850$549$346$215$49
37 years$1,232$807$514$319$195$43
38 years$1,186$767$481$294$177$37
39 years$1,143$730$451$271$160$32
40 years$1,102$694$423$250$145$27
41 years$1,063$661$396$231$132$24
42 years$1,026$629$372$213$120$20
43 years$991$600$349$197$108$18
44 years$958$572$327$182$98$15
45 years$926$545$307$168$89$13
46 years$895$520$289$155$81$11
47 years$866$496$271$143$74$10
48 years$839$474$255$132$67$8
49 years$812$452$240$122$61$7
50 years$787$432$225$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $806,000, adding $5,870 every year, while hoping to spend $51,036 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: 56/29/15 Blend
59$806,000$806,000$806,000$806,000
60$894,267$851,549$839,056$940,532
61$931,180$838,973$812,862$960,034
62$970,148$824,070$784,081$975,217
63$1,011,326$806,673$752,571$990,587
64$1,054,885$786,603$718,185$1,006,170
65$1,101,009$763,672$680,770$1,022,002
66$1,149,902$737,682$640,165$1,038,121
67$1,201,784$708,420$596,203$1,054,574
68$1,256,897$675,665$548,708$1,071,415
69$1,315,507$639,179$497,496$1,088,708
70$1,377,903$598,713$442,376$1,106,527
71$1,444,402$554,003$383,149$1,124,954
72$1,515,352$504,769$319,605$1,144,089
73$1,591,132$450,718$251,526$1,164,041
74$1,672,161$391,536$178,685$1,184,939
75$1,758,894$326,894$100,844$1,206,927
76$1,851,834$256,444$17,755$1,230,171
77$1,951,529$179,818$0$1,254,858
78$2,058,584$96,628$0$1,292,551
79$2,173,661$6,464$0$1,335,911
80$2,297,486$0$0$1,382,408
81$2,430,858$0$0$1,461,471
82$2,574,654$0$0$1,548,992
83$2,729,835$0$0$1,643,502
84$2,897,461$0$0$1,745,651
85$3,078,694$0$0$1,856,157
86$3,274,812$0$0$1,975,807
87$3,487,220$0$0$2,105,466
88$3,717,463$0$0$2,246,087
89$3,967,238$0$0$2,398,715
90$4,238,414$0$0$2,564,503
91$4,533,046$0$0$2,744,716
92$4,853,392$0$0$2,940,747
93$5,201,941$0$0$3,154,131
94$5,581,427$0$0$3,386,552
95$5,994,860$0$0$3,639,867
96$6,445,553$0$0$3,916,119
97$6,937,153$0$0$4,217,556
98$7,473,671$0$0$4,546,652
99$8,059,526$0$0$4,906,132
100$8,699,579$0$0$5,298,993