Can I retire at age 60 with 806,000?

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 $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%13.5%
1 years$66,559$65,966$65,387$64,823$64,272$63,337
2 years$32,950$32,336$31,741$31,165$30,606$29,666
3 years$21,748$21,132$20,539$19,968$19,417$18,502
4 years$16,149$15,534$14,947$14,386$13,849$12,965
5 years$12,790$12,179$11,599$11,049$10,528$9,677
6 years$10,551$9,945$9,374$8,836$8,330$7,515
7 years$8,953$8,352$7,790$7,265$6,775$5,994
8 years$7,755$7,159$6,606$6,094$5,620$4,875
9 years$6,823$6,233$5,690$5,191$4,733$4,022
10 years$6,079$5,494$4,961$4,475$4,033$3,356
11 years$5,470$4,891$4,367$3,894$3,468$2,825
12 years$4,963$4,390$3,876$3,416$3,006$2,395
13 years$4,534$3,967$3,463$3,016$2,621$2,042
14 years$4,167$3,606$3,111$2,677$2,297$1,749
15 years$3,849$3,294$2,809$2,387$2,023$1,505
16 years$3,571$3,023$2,547$2,138$1,788$1,299
17 years$3,326$2,784$2,318$1,921$1,585$1,124
18 years$3,108$2,572$2,116$1,731$1,409$975
19 years$2,914$2,384$1,937$1,564$1,256$847
20 years$2,739$2,215$1,778$1,417$1,122$738
21 years$2,581$2,063$1,635$1,286$1,004$644
22 years$2,438$1,926$1,507$1,169$900$562
23 years$2,307$1,801$1,391$1,065$808$491
24 years$2,188$1,688$1,287$971$726$430
25 years$2,078$1,584$1,192$887$654$377
26 years$1,977$1,489$1,105$811$589$330
27 years$1,883$1,401$1,026$742$531$289
28 years$1,796$1,320$954$680$479$254
29 years$1,716$1,245$888$624$432$223
30 years$1,641$1,176$827$572$391$196
31 years$1,571$1,112$771$526$353$172
32 years$1,505$1,052$719$483$320$151
33 years$1,443$996$672$444$289$133
34 years$1,386$944$628$409$262$117
35 years$1,331$896$587$376$237$103
36 years$1,280$850$549$346$215$91
37 years$1,232$807$514$319$195$80
38 years$1,186$767$481$294$177$70
39 years$1,143$730$451$271$160$62
40 years$1,102$694$423$250$145$54
41 years$1,063$661$396$231$132$48
42 years$1,026$629$372$213$120$42
43 years$991$600$349$197$108$37
44 years$958$572$327$182$98$33
45 years$926$545$307$168$89$29
46 years$895$520$289$155$81$25
47 years$866$496$271$143$74$22
48 years$839$474$255$132$67$20
49 years$812$452$240$122$61$17
50 years$787$432$225$113$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $806,000, adding $2,746 every year, while hoping to spend $21,534 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: 78/15/7 Blend
59$806,000$806,000$806,000$806,000
60$891,044$848,326$835,833$959,606
61$959,019$866,982$840,922$1,023,636
62$1,033,205$885,831$845,459$1,090,762
63$1,114,214$904,858$849,404$1,163,739
64$1,202,718$924,050$852,713$1,243,141
65$1,299,457$943,391$855,340$1,329,598
66$1,405,246$962,861$857,239$1,423,804
67$1,520,983$982,444$858,358$1,526,525
68$1,647,656$1,002,116$858,646$1,638,602
69$1,786,353$1,021,856$858,047$1,760,963
70$1,938,272$1,041,637$856,502$1,894,629
71$2,104,732$1,061,434$853,952$2,040,728
72$2,287,187$1,081,217$850,332$2,200,498
73$2,487,238$1,100,954$845,575$2,375,306
74$2,706,647$1,120,612$839,612$2,566,656
75$2,947,355$1,140,152$832,370$2,776,206
76$3,211,501$1,159,535$823,770$3,005,783
77$3,501,441$1,178,719$813,733$3,257,398
78$3,819,769$1,197,658$802,175$3,533,270
79$4,169,344$1,216,302$789,006$3,835,841
80$4,553,315$1,234,598$774,135$4,167,802
81$4,975,149$1,252,489$757,465$4,532,120
82$5,438,668$1,269,916$738,894$4,932,061
83$5,948,083$1,286,811$718,317$5,371,226
84$6,508,029$1,303,107$695,623$5,853,583
85$7,123,617$1,318,729$670,695$6,383,505
86$7,800,476$1,333,596$643,413$6,965,807
87$8,544,807$1,347,625$613,650$7,605,798
88$9,363,444$1,360,725$581,274$8,309,329
89$10,263,914$1,372,799$546,145$9,082,844
90$11,254,512$1,383,746$508,120$9,933,448
91$12,344,377$1,393,454$467,047$10,868,967
92$13,543,578$1,401,808$422,768$11,898,027
93$14,863,211$1,408,684$375,118$13,030,133
94$16,315,498$1,413,949$323,924$14,275,760
95$17,913,911$1,417,464$269,008$15,646,451
96$19,673,289$1,419,080$210,179$17,154,925
97$21,609,988$1,418,638$147,243$18,815,202
98$23,742,025$1,415,970$79,995$20,642,728
99$26,089,257$1,410,897$8,219$22,654,527
100$28,673,561$1,403,231$0$24,869,358