Can I retire at age 60 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$67,385$66,784$66,199$65,627$65,069$63,496
2 years$33,359$32,737$32,135$31,551$30,985$29,410
3 years$22,018$21,394$20,794$20,215$19,658$18,130
4 years$16,349$15,727$15,132$14,564$14,020$12,551
5 years$12,949$12,330$11,743$11,187$10,658$9,251
6 years$10,682$10,069$9,490$8,946$8,433$7,091
7 years$9,064$8,456$7,887$7,355$6,859$5,580
8 years$7,851$7,248$6,688$6,170$5,690$4,475
9 years$6,908$6,311$5,761$5,255$4,792$3,640
10 years$6,154$5,563$5,022$4,530$4,083$2,993
11 years$5,538$4,952$4,422$3,943$3,511$2,481
12 years$5,024$4,445$3,924$3,458$3,043$2,071
13 years$4,590$4,017$3,506$3,053$2,653$1,738
14 years$4,218$3,651$3,150$2,710$2,326$1,465
15 years$3,897$3,335$2,844$2,417$2,048$1,239
16 years$3,615$3,060$2,579$2,164$1,810$1,052
17 years$3,367$2,818$2,346$1,944$1,605$895
18 years$3,147$2,604$2,142$1,752$1,427$763
19 years$2,950$2,413$1,961$1,583$1,272$651
20 years$2,773$2,243$1,800$1,434$1,136$557
21 years$2,613$2,089$1,655$1,302$1,017$477
22 years$2,468$1,950$1,526$1,183$911$409
23 years$2,336$1,824$1,409$1,078$818$351
24 years$2,215$1,709$1,303$983$735$301
25 years$2,104$1,604$1,207$898$662$259
26 years$2,001$1,507$1,119$821$596$223
27 years$1,907$1,418$1,039$751$537$191
28 years$1,819$1,337$966$688$485$165
29 years$1,737$1,261$899$631$438$142
30 years$1,661$1,191$837$579$396$122
31 years$1,590$1,126$781$532$358$105
32 years$1,524$1,065$728$489$324$91
33 years$1,461$1,009$680$450$293$78
34 years$1,403$956$635$414$265$67
35 years$1,348$907$594$381$240$58
36 years$1,296$861$556$351$218$50
37 years$1,247$817$520$323$197$43
38 years$1,201$777$487$298$179$37
39 years$1,157$739$456$275$162$32
40 years$1,116$703$428$253$147$28
41 years$1,076$669$401$234$133$24
42 years$1,039$637$376$216$121$21
43 years$1,003$607$353$199$110$18
44 years$970$579$331$184$100$15
45 years$937$552$311$170$91$13
46 years$907$526$292$157$82$11
47 years$877$502$275$145$75$10
48 years$849$480$258$134$68$8
49 years$822$458$243$124$62$7
50 years$797$437$228$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $816,000, adding $4,097 every year, while hoping to spend $25,999 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: 26/50/24 Blend
59$816,000$816,000$816,000$816,000
60$903,458$860,210$847,562$920,019
61$967,948$874,698$848,293$948,160
62$1,038,145$889,024$848,176$975,809
63$1,114,602$903,153$847,157$1,004,927
64$1,197,932$917,047$845,177$1,035,654
65$1,288,804$930,666$842,174$1,068,145
66$1,387,960$943,966$838,084$1,102,575
67$1,496,211$956,900$832,839$1,139,134
68$1,614,455$969,418$826,369$1,178,036
69$1,743,676$981,467$818,600$1,219,517
70$1,884,962$992,989$809,454$1,263,839
71$2,039,507$1,003,924$798,849$1,311,292
72$2,208,627$1,014,207$786,701$1,362,199
73$2,393,771$1,023,768$772,920$1,416,915
74$2,596,537$1,032,533$757,414$1,475,837
75$2,818,680$1,040,424$740,083$1,539,403
76$3,062,136$1,047,356$720,827$1,608,097
77$3,329,038$1,053,240$699,539$1,682,457
78$3,621,732$1,057,981$676,106$1,763,079
79$3,942,805$1,061,478$650,412$1,850,621
80$4,295,104$1,063,624$622,334$1,945,813
81$4,681,768$1,064,304$591,744$2,049,462
82$5,106,250$1,063,397$558,510$2,162,461
83$5,572,359$1,060,775$522,491$2,285,799
84$6,084,286$1,056,299$483,541$2,420,570
85$6,646,652$1,049,827$441,509$2,567,984
86$7,264,545$1,041,203$396,234$2,729,377
87$7,943,571$1,030,264$347,550$2,906,231
88$8,689,906$1,016,837$295,283$3,100,180
89$9,510,353$1,000,740$239,253$3,313,032
90$10,412,410$981,777$179,269$3,546,788
91$11,404,335$959,743$115,133$3,803,656
92$12,495,227$934,420$46,640$4,086,077
93$13,695,111$905,577$0$4,396,751
94$15,015,032$872,970$0$4,745,432
95$16,467,160$836,341$0$5,141,825
96$18,064,903$795,415$0$5,577,673
97$19,823,037$749,904$0$6,057,055
98$21,757,839$699,501$0$6,584,475
99$23,887,246$643,884$0$7,164,903
100$26,231,020$582,709$0$7,803,820