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%12.5%
1 years$66,559$65,966$65,387$64,823$64,272$63,600
2 years$32,950$32,336$31,741$31,165$30,606$29,930
3 years$21,748$21,132$20,539$19,968$19,417$18,758
4 years$16,149$15,534$14,947$14,386$13,849$13,210
5 years$12,790$12,179$11,599$11,049$10,528$9,912
6 years$10,551$9,945$9,374$8,836$8,330$7,739
7 years$8,953$8,352$7,790$7,265$6,775$6,208
8 years$7,755$7,159$6,606$6,094$5,620$5,077
9 years$6,823$6,233$5,690$5,191$4,733$4,214
10 years$6,079$5,494$4,961$4,475$4,033$3,538
11 years$5,470$4,891$4,367$3,894$3,468$2,996
12 years$4,963$4,390$3,876$3,416$3,006$2,556
13 years$4,534$3,967$3,463$3,016$2,621$2,194
14 years$4,167$3,606$3,111$2,677$2,297$1,892
15 years$3,849$3,294$2,809$2,387$2,023$1,639
16 years$3,571$3,023$2,547$2,138$1,788$1,424
17 years$3,326$2,784$2,318$1,921$1,585$1,241
18 years$3,108$2,572$2,116$1,731$1,409$1,084
19 years$2,914$2,384$1,937$1,564$1,256$949
20 years$2,739$2,215$1,778$1,417$1,122$833
21 years$2,581$2,063$1,635$1,286$1,004$732
22 years$2,438$1,926$1,507$1,169$900$644
23 years$2,307$1,801$1,391$1,065$808$567
24 years$2,188$1,688$1,287$971$726$500
25 years$2,078$1,584$1,192$887$654$442
26 years$1,977$1,489$1,105$811$589$390
27 years$1,883$1,401$1,026$742$531$345
28 years$1,796$1,320$954$680$479$305
29 years$1,716$1,245$888$624$432$270
30 years$1,641$1,176$827$572$391$239
31 years$1,571$1,112$771$526$353$212
32 years$1,505$1,052$719$483$320$188
33 years$1,443$996$672$444$289$166
34 years$1,386$944$628$409$262$148
35 years$1,331$896$587$376$237$131
36 years$1,280$850$549$346$215$116
37 years$1,232$807$514$319$195$103
38 years$1,186$767$481$294$177$92
39 years$1,143$730$451$271$160$81
40 years$1,102$694$423$250$145$72
41 years$1,063$661$396$231$132$64
42 years$1,026$629$372$213$120$57
43 years$991$600$349$197$108$51
44 years$958$572$327$182$98$45
45 years$926$545$307$168$89$40
46 years$895$520$289$155$81$35
47 years$866$496$271$143$74$31
48 years$839$474$255$132$67$28
49 years$812$452$240$122$61$25
50 years$787$432$225$113$55$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $806,000, adding $4,746 every year, while hoping to spend $49,451 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: 33/50/17 Blend
59$806,000$806,000$806,000$806,000
60$893,107$850,389$837,896$917,718
61$931,589$839,443$813,351$925,331
62$972,338$826,303$786,325$928,615
63$1,015,534$810,809$756,684$931,099
64$1,061,373$792,793$724,287$932,740
65$1,110,068$772,075$688,986$933,496
66$1,161,854$748,466$650,626$933,325
67$1,216,986$721,764$609,045$932,187
68$1,275,746$691,757$564,075$930,044
69$1,338,440$658,221$515,540$926,858
70$1,405,404$620,918$463,254$922,593
71$1,477,008$579,595$407,026$917,220
72$1,553,655$533,988$346,654$910,710
73$1,635,790$483,815$281,928$903,040
74$1,723,897$428,778$212,629$894,193
75$1,818,511$368,565$138,528$884,157
76$1,920,216$302,842$59,387$872,931
77$2,029,657$231,260$0$860,519
78$2,147,539$153,448$0$851,488
79$2,274,636$69,015$0$853,109
80$2,411,800$0$0$854,692
81$2,559,968$0$0$868,701
82$2,720,167$0$0$924,998
83$2,893,528$0$0$986,019
84$3,081,292$0$0$1,052,215
85$3,284,826$0$0$1,124,080
86$3,505,631$0$0$1,202,158
87$3,745,360$0$0$1,287,048
88$4,005,829$0$0$1,379,408
89$4,289,036$0$0$1,479,962
90$4,597,181$0$0$1,589,509
91$4,932,683$0$0$1,708,925
92$5,298,204$0$0$1,839,176
93$5,696,673$0$0$1,981,325
94$6,131,314$0$0$2,136,541
95$6,605,677$0$0$2,306,113
96$7,123,667$0$0$2,491,458
97$7,689,584$0$0$2,694,137
98$8,308,164$0$0$2,915,868
99$8,984,617$0$0$3,158,545
100$9,724,682$0$0$3,424,249