Can I retire at age 60 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$66,972$66,375$65,793$65,225$64,670$63,081
2 years$33,154$32,537$31,938$31,358$30,795$29,204
3 years$21,883$21,263$20,666$20,091$19,538$17,994
4 years$16,249$15,631$15,040$14,475$13,935$12,451
5 years$12,869$12,255$11,671$11,118$10,593$9,173
6 years$10,617$10,007$9,432$8,891$8,382$7,027
7 years$9,008$8,404$7,838$7,310$6,817$5,527
8 years$7,803$7,204$6,647$6,132$5,655$4,430
9 years$6,866$6,272$5,725$5,223$4,762$3,601
10 years$6,116$5,528$4,992$4,502$4,058$2,959
11 years$5,504$4,922$4,395$3,918$3,490$2,451
12 years$4,993$4,417$3,900$3,437$3,024$2,045
13 years$4,562$3,992$3,484$3,034$2,637$1,715
14 years$4,193$3,629$3,131$2,694$2,312$1,444
15 years$3,873$3,315$2,827$2,402$2,035$1,221
16 years$3,593$3,041$2,563$2,151$1,799$1,035
17 years$3,347$2,801$2,332$1,933$1,595$880
18 years$3,128$2,588$2,129$1,742$1,418$750
19 years$2,932$2,399$1,949$1,574$1,264$640
20 years$2,756$2,229$1,789$1,425$1,129$547
21 years$2,597$2,076$1,645$1,294$1,010$468
22 years$2,453$1,938$1,516$1,176$906$401
23 years$2,322$1,813$1,400$1,071$813$344
24 years$2,201$1,698$1,295$977$731$295
25 years$2,091$1,594$1,199$892$658$253
26 years$1,989$1,498$1,112$816$592$217
27 years$1,895$1,410$1,033$747$534$187
28 years$1,808$1,328$960$684$482$161
29 years$1,726$1,253$893$627$435$138
30 years$1,651$1,183$832$576$393$119
31 years$1,580$1,119$776$529$355$102
32 years$1,514$1,059$724$486$322$88
33 years$1,452$1,003$676$447$291$76
34 years$1,394$950$632$411$263$65
35 years$1,340$901$590$379$239$56
36 years$1,288$855$552$349$216$48
37 years$1,239$812$517$321$196$42
38 years$1,193$772$484$296$178$36
39 years$1,150$734$454$273$161$31
40 years$1,109$698$425$252$146$27
41 years$1,070$665$399$232$133$23
42 years$1,033$633$374$214$120$20
43 years$997$603$351$198$109$17
44 years$964$575$329$183$99$15
45 years$932$548$309$169$90$13
46 years$901$523$290$156$82$11
47 years$872$499$273$144$74$9
48 years$844$477$256$133$67$8
49 years$817$455$241$123$61$7
50 years$792$435$227$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $811,000, adding $3,394 every year, while hoping to spend $36,601 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: 70/6/24 Blend
59$811,000$811,000$811,000$811,000
60$897,223$854,240$841,669$954,363
61$949,796$857,154$830,922$995,932
62$1,006,506$858,985$818,588$1,036,835
63$1,067,734$859,640$804,576$1,080,736
64$1,133,903$859,022$788,788$1,127,931
65$1,205,474$857,027$771,126$1,178,746
66$1,282,957$853,546$751,483$1,233,539
67$1,366,910$848,462$729,750$1,292,708
68$1,457,950$841,651$705,811$1,356,691
69$1,556,751$832,982$679,546$1,425,972
70$1,664,057$822,316$650,829$1,501,083
71$1,780,688$809,506$619,528$1,582,615
72$1,907,541$794,396$585,506$1,671,218
73$2,045,609$776,820$548,619$1,767,610
74$2,195,979$756,602$508,716$1,872,582
75$2,359,852$733,558$465,640$1,987,010
76$2,538,546$707,491$419,228$2,111,857
77$2,733,513$678,194$369,308$2,248,190
78$2,946,352$645,446$315,700$2,397,182
79$3,178,822$609,015$258,218$2,560,130
80$3,432,860$568,655$196,667$2,738,464
81$3,710,599$524,106$130,842$2,933,763
82$4,014,386$475,094$60,532$3,147,767
83$4,346,806$421,326$0$3,382,398
84$4,710,707$362,498$0$3,643,489
85$5,109,222$298,283$0$3,946,447
86$5,545,803$228,339$0$4,278,396
87$6,024,252$152,305$0$4,642,245
88$6,548,755$69,797$0$5,041,198
89$7,123,923$0$0$5,478,788
90$7,754,835$0$0$5,960,197
91$8,447,085$0$0$6,493,509
92$9,206,834$0$0$7,078,868
93$10,040,869$0$0$7,721,509
94$10,956,666$0$0$8,427,198
95$11,962,460$0$0$9,202,287
96$13,067,324$0$0$10,053,775
97$14,281,252$0$0$10,989,369
98$15,615,255$0$0$12,017,562
99$17,081,461$0$0$13,147,709
100$18,693,233$0$0$14,390,120