Can I retire at age 60 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$66,889$66,293$65,712$65,145$64,591$62,473
2 years$33,113$32,497$31,899$31,319$30,757$28,644
3 years$21,856$21,237$20,641$20,067$19,514$17,471
4 years$16,229$15,611$15,021$14,457$13,917$11,961
5 years$12,853$12,240$11,657$11,104$10,580$8,715
6 years$10,604$9,994$9,421$8,880$8,371$6,600
7 years$8,997$8,393$7,829$7,301$6,808$5,130
8 years$7,793$7,195$6,639$6,125$5,648$4,061
9 years$6,857$6,264$5,718$5,217$4,756$3,259
10 years$6,109$5,522$4,985$4,497$4,053$2,643
11 years$5,497$4,916$4,389$3,914$3,486$2,161
12 years$4,987$4,412$3,895$3,433$3,020$1,777
13 years$4,556$3,987$3,480$3,031$2,634$1,470
14 years$4,187$3,624$3,127$2,690$2,309$1,220
15 years$3,868$3,311$2,823$2,399$2,033$1,016
16 years$3,589$3,038$2,560$2,148$1,797$849
17 years$3,342$2,797$2,329$1,930$1,593$711
18 years$3,124$2,585$2,126$1,739$1,416$596
19 years$2,929$2,396$1,946$1,572$1,263$501
20 years$2,753$2,226$1,786$1,424$1,128$421
21 years$2,594$2,074$1,643$1,292$1,009$354
22 years$2,450$1,936$1,514$1,175$905$299
23 years$2,319$1,810$1,398$1,070$812$252
24 years$2,199$1,696$1,293$976$730$213
25 years$2,088$1,592$1,198$891$657$179
26 years$1,987$1,496$1,111$815$592$152
27 years$1,892$1,408$1,031$746$533$128
28 years$1,805$1,327$959$683$481$108
29 years$1,724$1,252$892$627$435$92
30 years$1,649$1,182$831$575$393$77
31 years$1,578$1,117$775$528$355$65
32 years$1,512$1,057$723$485$321$55
33 years$1,451$1,001$675$446$291$47
34 years$1,393$949$631$411$263$40
35 years$1,338$900$590$378$238$34
36 years$1,286$854$552$348$216$28
37 years$1,238$811$516$321$196$24
38 years$1,192$771$484$296$177$20
39 years$1,149$733$453$273$161$17
40 years$1,107$698$425$251$146$15
41 years$1,068$664$398$232$132$12
42 years$1,031$632$373$214$120$10
43 years$996$603$350$198$109$9
44 years$962$574$329$183$99$7
45 years$930$548$309$169$90$6
46 years$900$523$290$156$82$5
47 years$871$499$273$144$74$5
48 years$843$476$256$133$67$4
49 years$816$455$241$123$61$3
50 years$791$434$226$114$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $810,000, adding $2,288 every year, while hoping to spend $47,483 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: 77/16/7 Blend
59$810,000$810,000$810,000$810,000
60$894,980$852,050$839,495$962,958
61$935,746$843,279$817,097$999,150
62$979,080$832,487$792,356$1,032,460
63$1,025,191$819,524$765,146$1,067,589
64$1,074,313$804,233$735,330$1,104,697
65$1,126,698$786,446$702,770$1,143,962
66$1,182,626$765,986$667,316$1,185,580
67$1,242,399$742,665$628,817$1,229,765
68$1,306,353$716,284$587,111$1,276,757
69$1,374,852$686,633$542,031$1,326,819
70$1,448,299$653,490$493,400$1,380,242
71$1,527,133$616,619$441,037$1,437,346
72$1,611,838$575,771$384,750$1,498,487
73$1,702,945$530,683$324,339$1,564,055
74$1,801,036$481,077$259,594$1,634,484
75$1,906,751$426,659$190,299$1,710,252
76$2,020,791$367,117$116,227$1,791,885
77$2,143,930$302,124$37,138$1,879,968
78$2,277,015$231,332$0$1,975,144
79$2,420,978$154,375$0$2,081,653
80$2,576,844$70,866$0$2,199,941
81$2,745,740$0$0$2,328,119
82$2,928,904$0$0$2,470,616
83$3,127,698$0$0$2,638,838
84$3,343,621$0$0$2,821,580
85$3,578,320$0$0$3,020,240
86$3,833,609$0$0$3,236,355
87$4,111,481$0$0$3,471,618
88$4,414,132$0$0$3,727,889
89$4,743,977$0$0$4,007,219
90$5,103,673$0$0$4,311,861
91$5,496,146$0$0$4,644,298
92$5,924,617$0$0$5,007,261
93$6,392,629$0$0$5,403,757
94$6,904,085$0$0$5,837,098
95$7,463,280$0$0$6,310,927
96$8,074,946$0$0$6,829,258
97$8,744,289$0$0$7,396,509
98$9,477,045$0$0$8,017,545
99$10,279,529$0$0$8,697,725
100$11,158,694$0$0$9,442,949