Can I retire at age 60 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$66,724$66,130$65,550$64,984$64,431$63,600
2 years$33,032$32,416$31,820$31,242$30,681$29,845
3 years$21,802$21,185$20,590$20,017$19,466$18,650
4 years$16,189$15,573$14,984$14,421$13,883$13,095
5 years$12,822$12,209$11,628$11,077$10,554$9,795
6 years$10,577$9,970$9,397$8,858$8,351$7,622
7 years$8,975$8,373$7,809$7,283$6,791$6,094
8 years$7,774$7,177$6,623$6,109$5,634$4,967
9 years$6,840$6,249$5,704$5,204$4,745$4,108
10 years$6,094$5,508$4,973$4,486$4,043$3,436
11 years$5,483$4,903$4,378$3,904$3,477$2,900
12 years$4,975$4,401$3,886$3,424$3,013$2,464
13 years$4,545$3,977$3,472$3,023$2,627$2,107
14 years$4,177$3,615$3,119$2,684$2,303$1,810
15 years$3,858$3,303$2,816$2,393$2,028$1,561
16 years$3,580$3,030$2,553$2,143$1,792$1,351
17 years$3,334$2,791$2,323$1,925$1,589$1,172
18 years$3,116$2,579$2,121$1,735$1,413$1,020
19 years$2,921$2,390$1,942$1,568$1,259$889
20 years$2,746$2,221$1,782$1,420$1,125$777
21 years$2,588$2,069$1,639$1,289$1,007$679
22 years$2,444$1,931$1,511$1,172$902$595
23 years$2,313$1,806$1,395$1,067$810$522
24 years$2,193$1,692$1,290$973$728$458
25 years$2,083$1,588$1,195$889$655$402
26 years$1,982$1,492$1,108$813$590$354
27 years$1,888$1,404$1,029$744$532$311
28 years$1,801$1,323$957$682$480$274
29 years$1,720$1,249$890$625$433$241
30 years$1,645$1,179$829$574$392$213
31 years$1,574$1,115$773$527$354$188
32 years$1,509$1,055$721$484$320$165
33 years$1,447$999$673$445$290$146
34 years$1,389$947$629$410$262$129
35 years$1,335$898$588$377$238$114
36 years$1,283$852$550$347$215$100
37 years$1,235$809$515$320$195$89
38 years$1,189$769$482$295$177$78
39 years$1,146$731$452$272$160$69
40 years$1,105$696$424$251$146$61
41 years$1,066$662$397$231$132$54
42 years$1,029$631$373$214$120$48
43 years$994$601$350$197$109$42
44 years$960$573$328$182$99$37
45 years$928$546$308$168$90$33
46 years$898$521$289$155$81$29
47 years$869$497$272$143$74$26
48 years$841$475$255$133$67$23
49 years$814$453$240$123$61$20
50 years$789$433$226$113$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $808,000, adding $5,662 every year, while hoping to spend $22,938 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: 63/27/10 Blend
59$808,000$808,000$808,000$808,000
60$896,256$853,432$840,908$950,388
61$963,269$870,845$844,673$1,004,678
62$1,036,347$888,341$847,795$1,060,754
63$1,116,087$905,903$850,228$1,121,404
64$1,203,142$923,506$851,925$1,187,070
65$1,298,234$941,129$852,835$1,258,242
66$1,402,154$958,744$852,906$1,335,456
67$1,515,776$976,325$852,081$1,419,306
68$1,640,062$993,842$850,302$1,510,445
69$1,776,069$1,011,261$847,508$1,609,592
70$1,924,965$1,028,549$843,636$1,717,540
71$2,088,031$1,045,668$838,618$1,835,162
72$2,266,681$1,062,577$832,383$1,963,422
73$2,462,473$1,079,233$824,858$2,103,379
74$2,677,120$1,095,590$815,965$2,256,204
75$2,912,510$1,111,599$805,624$2,423,184
76$3,170,724$1,127,204$793,750$2,605,740
77$3,454,050$1,142,350$780,254$2,805,437
78$3,765,014$1,156,976$765,042$3,023,999
79$4,106,393$1,171,016$748,019$3,263,327
80$4,481,250$1,184,400$729,082$3,525,517
81$4,892,956$1,197,054$708,125$3,812,879
82$5,345,226$1,208,899$685,036$4,127,956
83$5,842,154$1,219,849$659,699$4,473,555
84$6,388,247$1,229,815$631,993$4,852,768
85$6,988,473$1,238,701$601,789$5,269,003
86$7,648,303$1,246,403$568,955$5,726,015
87$8,373,767$1,252,814$533,352$6,227,947
88$9,171,507$1,257,817$494,835$6,779,361
89$10,048,839$1,261,289$453,251$7,385,287
90$11,013,828$1,263,099$408,441$8,051,270
91$12,075,355$1,263,108$360,241$8,783,420
92$13,243,209$1,261,168$308,477$9,588,472
93$14,528,173$1,257,122$252,968$10,473,851
94$15,942,130$1,250,804$193,525$11,447,740
95$17,498,171$1,242,037$129,952$12,519,156
96$19,210,721$1,230,634$62,042$13,698,041
97$21,095,675$1,216,395$0$14,995,352
98$23,170,547$1,199,111$0$16,424,277
99$25,454,633$1,178,558$0$18,004,151
100$27,969,198$1,154,500$0$19,743,043