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%17.9%
1 years$66,559$65,966$65,387$64,823$64,272$62,214
2 years$32,950$32,336$31,741$31,165$30,606$28,552
3 years$21,748$21,132$20,539$19,968$19,417$17,432
4 years$16,149$15,534$14,947$14,386$13,849$11,946
5 years$12,790$12,179$11,599$11,049$10,528$8,713
6 years$10,551$9,945$9,374$8,836$8,330$6,606
7 years$8,953$8,352$7,790$7,265$6,775$5,140
8 years$7,755$7,159$6,606$6,094$5,620$4,074
9 years$6,823$6,233$5,690$5,191$4,733$3,274
10 years$6,079$5,494$4,961$4,475$4,033$2,658
11 years$5,470$4,891$4,367$3,894$3,468$2,176
12 years$4,963$4,390$3,876$3,416$3,006$1,792
13 years$4,534$3,967$3,463$3,016$2,621$1,484
14 years$4,167$3,606$3,111$2,677$2,297$1,234
15 years$3,849$3,294$2,809$2,387$2,023$1,029
16 years$3,571$3,023$2,547$2,138$1,788$861
17 years$3,326$2,784$2,318$1,921$1,585$722
18 years$3,108$2,572$2,116$1,731$1,409$606
19 years$2,914$2,384$1,937$1,564$1,256$510
20 years$2,739$2,215$1,778$1,417$1,122$429
21 years$2,581$2,063$1,635$1,286$1,004$362
22 years$2,438$1,926$1,507$1,169$900$306
23 years$2,307$1,801$1,391$1,065$808$258
24 years$2,188$1,688$1,287$971$726$218
25 years$2,078$1,584$1,192$887$654$185
26 years$1,977$1,489$1,105$811$589$156
27 years$1,883$1,401$1,026$742$531$132
28 years$1,796$1,320$954$680$479$112
29 years$1,716$1,245$888$624$432$95
30 years$1,641$1,176$827$572$391$80
31 years$1,571$1,112$771$526$353$68
32 years$1,505$1,052$719$483$320$58
33 years$1,443$996$672$444$289$49
34 years$1,386$944$628$409$262$41
35 years$1,331$896$587$376$237$35
36 years$1,280$850$549$346$215$30
37 years$1,232$807$514$319$195$25
38 years$1,186$767$481$294$177$21
39 years$1,143$730$451$271$160$18
40 years$1,102$694$423$250$145$15
41 years$1,063$661$396$231$132$13
42 years$1,026$629$372$213$120$11
43 years$991$600$349$197$108$9
44 years$958$572$327$182$98$8
45 years$926$545$307$168$89$7
46 years$895$520$289$155$81$6
47 years$866$496$271$143$74$5
48 years$839$474$255$132$67$4
49 years$812$452$240$122$61$3
50 years$787$432$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $806,000, adding $5,595 every year, while hoping to spend $45,866 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: 64/13/23 Blend
59$806,000$806,000$806,000$806,000
60$893,983$851,265$838,772$945,518
61$936,368$844,176$818,070$973,854
62$981,540$835,203$795,137$999,160
63$1,029,733$824,203$769,850$1,025,764
64$1,081,206$811,030$742,081$1,053,800
65$1,136,242$795,524$711,694$1,083,412
66$1,195,152$777,517$678,548$1,114,763
67$1,258,276$756,834$642,498$1,148,036
68$1,325,986$733,285$603,388$1,183,429
69$1,398,693$706,672$561,058$1,221,168
70$1,476,846$676,785$515,339$1,261,501
71$1,560,938$643,402$466,057$1,304,704
72$1,651,512$606,286$413,028$1,351,083
73$1,749,162$565,190$356,060$1,400,980
74$1,854,541$519,850$294,953$1,454,770
75$1,968,369$469,987$229,499$1,512,875
76$2,091,434$415,308$159,479$1,575,758
77$2,224,605$355,502$84,665$1,643,935
78$2,368,833$290,240$4,820$1,717,978
79$2,525,169$219,176$0$1,798,519
80$2,694,764$141,944$0$1,905,989
81$2,878,886$58,156$0$2,023,983
82$3,078,931$0$0$2,152,242
83$3,296,432$0$0$2,296,452
84$3,533,077$0$0$2,462,457
85$3,790,722$0$0$2,643,244
86$4,071,412$0$0$2,840,255
87$4,377,393$0$0$3,055,074
88$4,711,142$0$0$3,289,446
89$5,075,382$0$0$3,545,290
90$5,473,110$0$0$3,824,721
91$5,907,629$0$0$4,130,064
92$6,382,570$0$0$4,463,882
93$6,901,935$0$0$4,828,995
94$7,470,128$0$0$5,228,508
95$8,091,999$0$0$5,665,840
96$8,772,888$0$0$6,144,757
97$9,518,676$0$0$6,669,405
98$10,335,839$0$0$7,244,350
99$11,231,511$0$0$7,874,622
100$12,213,545$0$0$8,565,759