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%14.3%
1 years$67,385$66,784$66,199$65,627$65,069$63,912
2 years$33,359$32,737$32,135$31,551$30,985$29,824
3 years$22,018$21,394$20,794$20,215$19,658$18,528
4 years$16,349$15,727$15,132$14,564$14,020$12,931
5 years$12,949$12,330$11,743$11,187$10,658$9,612
6 years$10,682$10,069$9,490$8,946$8,433$7,431
7 years$9,064$8,456$7,887$7,355$6,859$5,901
8 years$7,851$7,248$6,688$6,170$5,690$4,777
9 years$6,908$6,311$5,761$5,255$4,792$3,923
10 years$6,154$5,563$5,022$4,530$4,083$3,257
11 years$5,538$4,952$4,422$3,943$3,511$2,728
12 years$5,024$4,445$3,924$3,458$3,043$2,301
13 years$4,590$4,017$3,506$3,053$2,653$1,951
14 years$4,218$3,651$3,150$2,710$2,326$1,663
15 years$3,897$3,335$2,844$2,417$2,048$1,422
16 years$3,615$3,060$2,579$2,164$1,810$1,221
17 years$3,367$2,818$2,346$1,944$1,605$1,050
18 years$3,147$2,604$2,142$1,752$1,427$906
19 years$2,950$2,413$1,961$1,583$1,272$783
20 years$2,773$2,243$1,800$1,434$1,136$678
21 years$2,613$2,089$1,655$1,302$1,017$587
22 years$2,468$1,950$1,526$1,183$911$510
23 years$2,336$1,824$1,409$1,078$818$443
24 years$2,215$1,709$1,303$983$735$385
25 years$2,104$1,604$1,207$898$662$335
26 years$2,001$1,507$1,119$821$596$292
27 years$1,907$1,418$1,039$751$537$254
28 years$1,819$1,337$966$688$485$222
29 years$1,737$1,261$899$631$438$193
30 years$1,661$1,191$837$579$396$169
31 years$1,590$1,126$781$532$358$147
32 years$1,524$1,065$728$489$324$129
33 years$1,461$1,009$680$450$293$112
34 years$1,403$956$635$414$265$98
35 years$1,348$907$594$381$240$86
36 years$1,296$861$556$351$218$75
37 years$1,247$817$520$323$197$66
38 years$1,201$777$487$298$179$57
39 years$1,157$739$456$275$162$50
40 years$1,116$703$428$253$147$44
41 years$1,076$669$401$234$133$38
42 years$1,039$637$376$216$121$33
43 years$1,003$607$353$199$110$29
44 years$970$579$331$184$100$26
45 years$937$552$311$170$91$22
46 years$907$526$292$157$82$20
47 years$877$502$275$145$75$17
48 years$849$480$258$134$68$15
49 years$822$458$243$124$62$13
50 years$797$437$228$114$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $816,000, adding $6,364 every year, while hoping to spend $31,926 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: 51/28/21 Blend
59$816,000$816,000$816,000$816,000
60$905,796$862,548$849,900$946,404
61$964,219$870,844$844,403$983,432
62$1,027,530$878,477$837,652$1,019,868
63$1,096,195$885,379$829,570$1,058,813
64$1,170,726$891,482$820,079$1,100,516
65$1,251,684$896,709$809,097$1,145,254
66$1,339,689$900,980$796,534$1,193,331
67$1,435,421$904,212$782,302$1,245,085
68$1,539,628$906,313$766,303$1,300,890
69$1,653,136$907,187$748,440$1,361,160
70$1,776,849$906,733$728,606$1,426,352
71$1,911,767$904,843$706,694$1,496,970
72$2,058,988$901,400$682,588$1,573,574
73$2,219,720$896,284$656,170$1,656,782
74$2,395,294$889,364$627,314$1,747,276
75$2,587,175$880,504$595,891$1,845,811
76$2,796,976$869,559$561,763$1,953,222
77$3,026,473$856,372$524,787$2,070,430
78$3,277,622$840,783$484,816$2,198,454
79$3,552,574$822,616$441,692$2,338,420
80$3,853,702$801,690$395,254$2,491,570
81$4,183,616$777,809$345,331$2,659,280
82$4,545,192$750,768$291,747$2,843,065
83$4,941,595$720,350$234,314$3,044,602
84$5,376,315$686,325$172,841$3,265,742
85$5,853,193$648,448$107,125$3,508,528
86$6,376,460$606,463$36,955$3,775,217
87$6,950,777$560,098$0$4,068,301
88$7,581,277$509,064$0$4,399,030
89$8,273,617$453,057$0$4,771,332
90$9,034,025$391,756$0$5,180,323
91$9,869,364$324,821$0$5,629,761
92$10,787,195$251,893$0$6,123,789
93$11,795,846$172,593$0$6,666,975
94$12,904,493$86,520$0$7,264,359
95$14,123,244$0$0$7,921,498
96$15,463,236$0$0$8,646,597
97$16,936,740$0$0$9,473,347
98$18,557,272$0$0$10,382,688
99$20,339,728$0$0$11,382,987
100$22,300,517$0$0$12,483,467