Can I retire at age 60 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$67,302$66,702$66,118$65,547$64,989$62,435
2 years$33,318$32,697$32,096$31,513$30,947$28,406
3 years$21,991$21,368$20,768$20,191$19,634$17,185
4 years$16,329$15,708$15,114$14,546$14,003$11,665
5 years$12,933$12,315$11,729$11,173$10,645$8,423
6 years$10,669$10,056$9,479$8,935$8,423$6,319
7 years$9,053$8,445$7,877$7,346$6,850$4,864
8 years$7,841$7,239$6,680$6,162$5,683$3,812
9 years$6,899$6,303$5,754$5,249$4,786$3,028
10 years$6,146$5,556$5,016$4,525$4,078$2,429
11 years$5,531$4,946$4,416$3,938$3,507$1,964
12 years$5,018$4,439$3,919$3,454$3,039$1,597
13 years$4,584$4,012$3,502$3,049$2,650$1,305
14 years$4,213$3,647$3,146$2,707$2,323$1,071
15 years$3,892$3,331$2,841$2,414$2,045$881
16 years$3,611$3,056$2,575$2,162$1,808$727
17 years$3,363$2,815$2,344$1,942$1,603$601
18 years$3,143$2,601$2,139$1,750$1,425$498
19 years$2,947$2,411$1,958$1,581$1,270$413
20 years$2,770$2,240$1,797$1,432$1,135$343
21 years$2,610$2,086$1,653$1,300$1,015$285
22 years$2,465$1,948$1,524$1,182$910$237
23 years$2,333$1,822$1,407$1,076$817$197
24 years$2,212$1,707$1,301$982$734$164
25 years$2,101$1,602$1,205$897$661$137
26 years$1,999$1,505$1,118$820$595$114
27 years$1,904$1,417$1,038$750$537$95
28 years$1,816$1,335$965$688$484$79
29 years$1,735$1,259$898$630$437$66
30 years$1,659$1,189$836$579$395$55
31 years$1,588$1,124$780$531$357$46
32 years$1,522$1,064$727$488$323$38
33 years$1,460$1,007$679$449$292$32
34 years$1,401$955$635$413$265$27
35 years$1,346$906$593$380$240$22
36 years$1,294$860$555$350$217$19
37 years$1,246$816$520$323$197$15
38 years$1,199$776$487$298$179$13
39 years$1,156$738$456$274$162$11
40 years$1,114$702$427$253$147$9
41 years$1,075$668$401$233$133$8
42 years$1,038$636$376$215$121$6
43 years$1,002$606$353$199$110$5
44 years$968$578$331$184$100$4
45 years$936$551$311$170$90$4
46 years$905$526$292$157$82$3
47 years$876$502$274$145$75$3
48 years$848$479$258$134$68$2
49 years$821$457$242$124$61$2
50 years$796$437$228$114$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $815,000, adding $3,024 every year, while hoping to spend $37,619 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: 70/9/21 Blend
59$815,000$815,000$815,000$815,000
60$901,249$858,054$845,422$959,460
61$953,150$860,073$833,717$1,000,721
62$1,009,085$860,929$820,359$1,041,155
63$1,069,423$860,527$805,254$1,084,492
64$1,134,575$858,763$788,301$1,131,015
65$1,204,989$855,530$769,396$1,181,039
66$1,281,158$850,710$748,430$1,234,908
67$1,363,623$844,183$725,290$1,293,006
68$1,452,981$835,816$699,856$1,355,752
69$1,549,888$825,473$672,003$1,423,614
70$1,655,062$813,008$641,601$1,497,105
71$1,769,298$798,265$608,514$1,576,791
72$1,893,467$781,080$572,600$1,663,300
73$2,028,527$761,279$533,708$1,757,323
74$2,175,534$738,679$491,685$1,859,621
75$2,335,649$713,085$446,367$1,971,038
76$2,510,149$684,290$397,584$2,092,503
77$2,700,441$652,077$345,160$2,225,041
78$2,908,071$616,214$288,908$2,369,784
79$3,134,744$576,458$228,636$2,527,982
80$3,382,334$532,550$164,141$2,701,012
81$3,652,905$484,218$95,213$2,890,396
82$3,948,730$431,174$21,631$3,097,812
83$4,272,310$373,111$0$3,325,111
84$4,626,402$309,710$0$3,587,085
85$5,014,038$240,628$0$3,879,240
86$5,438,558$165,508$0$4,199,267
87$5,903,642$83,968$0$4,549,967
88$6,413,340$0$0$4,934,427
89$6,972,115$0$0$5,356,484
90$7,584,880$0$0$5,828,485
91$8,257,048$0$0$6,346,286
92$8,994,580$0$0$6,914,488
93$9,804,043$0$0$7,538,154
94$10,692,670$0$0$8,222,863
95$11,668,427$0$0$8,974,760
96$12,740,093$0$0$9,800,616
97$13,917,336$0$0$10,707,887
98$15,210,806$0$0$11,704,790
99$16,632,239$0$0$12,800,375
100$18,194,560$0$0$14,004,613