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%19.1%
1 years$66,559$65,966$65,387$64,823$64,272$61,917
2 years$32,950$32,336$31,741$31,165$30,606$28,260
3 years$21,748$21,132$20,539$19,968$19,417$17,154
4 years$16,149$15,534$14,947$14,386$13,849$11,685
5 years$12,790$12,179$11,599$11,049$10,528$8,469
6 years$10,551$9,945$9,374$8,836$8,330$6,378
7 years$8,953$8,352$7,790$7,265$6,775$4,929
8 years$7,755$7,159$6,606$6,094$5,620$3,879
9 years$6,823$6,233$5,690$5,191$4,733$3,094
10 years$6,079$5,494$4,961$4,475$4,033$2,494
11 years$5,470$4,891$4,367$3,894$3,468$2,025
12 years$4,963$4,390$3,876$3,416$3,006$1,655
13 years$4,534$3,967$3,463$3,016$2,621$1,359
14 years$4,167$3,606$3,111$2,677$2,297$1,120
15 years$3,849$3,294$2,809$2,387$2,023$927
16 years$3,571$3,023$2,547$2,138$1,788$768
17 years$3,326$2,784$2,318$1,921$1,585$639
18 years$3,108$2,572$2,116$1,731$1,409$532
19 years$2,914$2,384$1,937$1,564$1,256$443
20 years$2,739$2,215$1,778$1,417$1,122$370
21 years$2,581$2,063$1,635$1,286$1,004$309
22 years$2,438$1,926$1,507$1,169$900$258
23 years$2,307$1,801$1,391$1,065$808$216
24 years$2,188$1,688$1,287$971$726$181
25 years$2,078$1,584$1,192$887$654$152
26 years$1,977$1,489$1,105$811$589$127
27 years$1,883$1,401$1,026$742$531$106
28 years$1,796$1,320$954$680$479$89
29 years$1,716$1,245$888$624$432$75
30 years$1,641$1,176$827$572$391$63
31 years$1,571$1,112$771$526$353$53
32 years$1,505$1,052$719$483$320$44
33 years$1,443$996$672$444$289$37
34 years$1,386$944$628$409$262$31
35 years$1,331$896$587$376$237$26
36 years$1,280$850$549$346$215$22
37 years$1,232$807$514$319$195$18
38 years$1,186$767$481$294$177$15
39 years$1,143$730$451$271$160$13
40 years$1,102$694$423$250$145$11
41 years$1,063$661$396$231$132$9
42 years$1,026$629$372$213$120$8
43 years$991$600$349$197$108$6
44 years$958$572$327$182$98$5
45 years$926$545$307$168$89$5
46 years$895$520$289$155$81$4
47 years$866$496$271$143$74$3
48 years$839$474$255$132$67$3
49 years$812$452$240$122$61$2
50 years$787$432$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $806,000, adding $6,423 every year, while hoping to spend $49,873 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: 60/33/7 Blend
59$806,000$806,000$806,000$806,000
60$894,837$852,119$839,626$946,859
61$933,046$840,809$814,689$971,162
62$973,481$827,272$787,245$991,359
63$1,016,316$811,348$757,158$1,012,130
64$1,061,741$792,866$724,284$1,033,531
65$1,109,966$771,643$688,474$1,055,625
66$1,161,217$747,488$649,573$1,078,487
67$1,215,743$720,197$607,416$1,102,199
68$1,273,818$689,556$561,834$1,126,854
69$1,335,740$655,337$512,647$1,152,558
70$1,401,836$617,299$459,671$1,179,431
71$1,472,463$575,187$402,710$1,207,607
72$1,548,016$528,732$341,562$1,237,239
73$1,628,923$477,650$276,015$1,268,498
74$1,715,658$421,639$205,846$1,301,574
75$1,808,738$360,383$130,825$1,336,686
76$1,908,733$293,544$50,710$1,374,074
77$2,016,264$220,769$0$1,414,011
78$2,132,019$141,682$0$1,459,400
79$2,256,748$55,888$0$1,512,192
80$2,391,279$0$0$1,569,000
81$2,536,519$0$0$1,643,717
82$2,693,465$0$0$1,746,436
83$2,863,213$0$0$1,857,588
84$3,046,969$0$0$1,977,967
85$3,246,057$0$0$2,108,448
86$3,461,933$0$0$2,249,993
87$3,696,199$0$0$2,403,660
88$3,950,616$0$0$2,570,612
89$4,227,122$0$0$2,752,129
90$4,527,848$0$0$2,949,620
91$4,855,139$0$0$3,164,633
92$5,211,576$0$0$3,398,873
93$5,599,997$0$0$3,654,216
94$6,023,528$0$0$3,932,727
95$6,485,608$0$0$4,236,678
96$6,990,022$0$0$4,568,571
97$7,540,936$0$0$4,931,159
98$8,142,939$0$0$5,327,473
99$8,801,080$0$0$5,760,852
100$9,520,920$0$0$6,234,970