Can I retire at age 60 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$67,054$66,457$65,874$65,305$64,750$64,423
2 years$33,195$32,577$31,978$31,397$30,833$30,503
3 years$21,910$21,289$20,692$20,116$19,562$19,239
4 years$16,269$15,650$15,058$14,493$13,952$13,639
5 years$12,885$12,270$11,686$11,132$10,606$10,303
6 years$10,630$10,019$9,444$8,902$8,392$8,101
7 years$9,020$8,414$7,848$7,319$6,825$6,545
8 years$7,812$7,212$6,656$6,140$5,662$5,393
9 years$6,874$6,280$5,733$5,230$4,768$4,510
10 years$6,124$5,535$4,998$4,508$4,063$3,816
11 years$5,510$4,928$4,400$3,923$3,494$3,258
12 years$5,000$4,423$3,905$3,441$3,028$2,802
13 years$4,568$3,997$3,489$3,038$2,640$2,425
14 years$4,198$3,633$3,135$2,697$2,315$2,109
15 years$3,877$3,319$2,830$2,405$2,038$1,843
16 years$3,597$3,045$2,566$2,154$1,801$1,616
17 years$3,351$2,804$2,335$1,935$1,597$1,421
18 years$3,132$2,591$2,131$1,744$1,420$1,253
19 years$2,936$2,402$1,951$1,576$1,266$1,107
20 years$2,760$2,232$1,791$1,427$1,131$981
21 years$2,601$2,079$1,647$1,295$1,012$870
22 years$2,456$1,940$1,518$1,178$907$773
23 years$2,325$1,815$1,402$1,072$814$688
24 years$2,204$1,700$1,296$978$732$613
25 years$2,093$1,596$1,201$893$658$546
26 years$1,991$1,500$1,114$817$593$487
27 years$1,897$1,411$1,034$748$535$435
28 years$1,810$1,330$961$685$482$389
29 years$1,729$1,255$895$628$436$348
30 years$1,653$1,185$833$576$394$312
31 years$1,582$1,120$777$529$356$279
32 years$1,516$1,060$725$487$322$250
33 years$1,454$1,004$677$447$291$224
34 years$1,396$951$632$412$264$201
35 years$1,341$902$591$379$239$180
36 years$1,290$856$553$349$216$161
37 years$1,241$813$518$322$196$145
38 years$1,195$773$485$296$178$130
39 years$1,151$735$454$273$161$117
40 years$1,110$699$426$252$146$105
41 years$1,071$666$399$233$133$94
42 years$1,034$634$374$215$120$85
43 years$998$604$351$198$109$76
44 years$965$576$330$183$99$68
45 years$933$549$310$169$90$61
46 years$902$524$291$156$82$55
47 years$873$500$273$144$74$49
48 years$845$477$257$133$67$44
49 years$818$456$241$123$61$40
50 years$793$435$227$114$56$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $812,000, adding $3,618 every year, while hoping to spend $33,275 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: 60/13/27 Blend
59$812,000$812,000$812,000$812,000
60$898,556$855,520$842,934$945,723
61$954,804$862,036$835,768$984,802
62$1,015,675$867,756$827,247$1,023,537
63$1,081,604$872,606$817,289$1,065,100
64$1,153,071$876,508$805,812$1,109,774
65$1,230,603$879,376$792,726$1,157,873
66$1,314,782$881,122$777,939$1,209,740
67$1,406,244$881,652$761,355$1,265,759
68$1,505,692$880,864$742,872$1,326,352
69$1,613,899$878,652$722,384$1,391,986
70$1,731,713$874,902$699,780$1,463,175
71$1,860,070$869,495$674,944$1,540,490
72$1,999,998$862,301$647,756$1,624,559
73$2,152,630$853,187$618,089$1,716,078
74$2,319,213$842,007$585,809$1,815,815
75$2,501,118$828,611$550,780$1,924,617
76$2,699,856$812,837$512,855$2,043,420
77$2,917,090$794,514$471,883$2,173,260
78$3,154,649$773,462$427,708$2,315,276
79$3,414,550$749,488$380,163$2,470,731
80$3,699,012$722,391$329,076$2,641,016
81$4,010,479$691,955$274,267$2,827,667
82$4,351,641$657,955$215,549$3,032,381
83$4,725,463$620,149$152,724$3,257,030
84$5,135,209$578,284$85,589$3,503,679
85$5,584,472$532,093$13,928$3,774,611
86$6,077,213$481,290$0$4,072,342
87$6,617,792$425,576$0$4,417,668
88$7,211,012$364,634$0$4,801,088
89$7,862,164$298,130$0$5,222,039
90$8,577,075$225,709$0$5,684,325
91$9,362,166$146,999$0$6,192,138
92$10,224,509$61,603$0$6,750,102
93$11,171,894$0$0$7,363,308
94$12,212,903$0$0$8,041,792
95$13,356,992$0$0$8,797,212
96$14,614,577$0$0$9,627,642
97$15,997,133$0$0$10,540,670
98$17,517,304$0$0$11,544,652
99$19,189,018$0$0$12,648,800
100$21,027,624$0$0$13,863,258