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%13.3%
1 years$67,385$66,784$66,199$65,627$65,069$64,176
2 years$33,359$32,737$32,135$31,551$30,985$30,087
3 years$22,018$21,394$20,794$20,215$19,658$18,783
4 years$16,349$15,727$15,132$14,564$14,020$13,175
5 years$12,949$12,330$11,743$11,187$10,658$9,845
6 years$10,682$10,069$9,490$8,946$8,433$7,653
7 years$9,064$8,456$7,887$7,355$6,859$6,111
8 years$7,851$7,248$6,688$6,170$5,690$4,976
9 years$6,908$6,311$5,761$5,255$4,792$4,110
10 years$6,154$5,563$5,022$4,530$4,083$3,434
11 years$5,538$4,952$4,422$3,943$3,511$2,894
12 years$5,024$4,445$3,924$3,458$3,043$2,456
13 years$4,590$4,017$3,506$3,053$2,653$2,097
14 years$4,218$3,651$3,150$2,710$2,326$1,799
15 years$3,897$3,335$2,844$2,417$2,048$1,550
16 years$3,615$3,060$2,579$2,164$1,810$1,339
17 years$3,367$2,818$2,346$1,944$1,605$1,161
18 years$3,147$2,604$2,142$1,752$1,427$1,008
19 years$2,950$2,413$1,961$1,583$1,272$878
20 years$2,773$2,243$1,800$1,434$1,136$765
21 years$2,613$2,089$1,655$1,302$1,017$669
22 years$2,468$1,950$1,526$1,183$911$585
23 years$2,336$1,824$1,409$1,078$818$512
24 years$2,215$1,709$1,303$983$735$449
25 years$2,104$1,604$1,207$898$662$394
26 years$2,001$1,507$1,119$821$596$346
27 years$1,907$1,418$1,039$751$537$304
28 years$1,819$1,337$966$688$485$267
29 years$1,737$1,261$899$631$438$235
30 years$1,661$1,191$837$579$396$206
31 years$1,590$1,126$781$532$358$182
32 years$1,524$1,065$728$489$324$160
33 years$1,461$1,009$680$450$293$141
34 years$1,403$956$635$414$265$124
35 years$1,348$907$594$381$240$109
36 years$1,296$861$556$351$218$96
37 years$1,247$817$520$323$197$85
38 years$1,201$777$487$298$179$75
39 years$1,157$739$456$275$162$66
40 years$1,116$703$428$253$147$58
41 years$1,076$669$401$234$133$51
42 years$1,039$637$376$216$121$45
43 years$1,003$607$353$199$110$40
44 years$970$579$331$184$100$35
45 years$937$552$311$170$91$31
46 years$907$526$292$157$82$27
47 years$877$502$275$145$75$24
48 years$849$480$258$134$68$21
49 years$822$458$243$124$62$19
50 years$797$437$228$114$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $816,000, adding $2,174 every year, while hoping to spend $42,064 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: 47/43/10 Blend
59$816,000$816,000$816,000$816,000
60$901,474$858,226$845,578$941,258
61$948,669$855,524$829,150$966,186
62$999,268$851,279$810,761$988,680
63$1,053,573$845,372$790,301$1,012,133
64$1,111,918$837,675$767,656$1,036,649
65$1,174,667$828,054$742,706$1,062,342
66$1,242,219$816,366$715,323$1,089,344
67$1,315,016$802,458$685,377$1,117,799
68$1,393,541$786,171$652,730$1,147,872
69$1,478,322$767,334$617,237$1,179,746
70$1,569,945$745,768$578,749$1,213,626
71$1,669,050$721,281$537,107$1,249,742
72$1,776,341$693,671$492,148$1,288,351
73$1,892,593$662,726$443,700$1,329,740
74$2,018,657$628,219$391,583$1,374,231
75$2,155,469$589,911$335,611$1,422,180
76$2,304,060$547,550$275,587$1,473,987
77$2,465,562$500,868$211,307$1,530,098
78$2,641,222$449,583$142,559$1,591,009
79$2,832,411$393,397$69,118$1,657,272
80$3,040,637$331,994$0$1,729,503
81$3,267,561$265,040$0$1,809,373
82$3,515,010$192,185$0$1,904,593
83$3,784,994$113,055$0$2,008,652
84$4,079,728$27,259$0$2,122,519
85$4,401,647$0$0$2,247,271
86$4,753,434$0$0$2,415,147
87$5,138,043$0$0$2,612,875
88$5,558,724$0$0$2,829,241
89$6,019,057$0$0$3,066,095
90$6,522,984$0$0$3,325,480
91$7,074,847$0$0$3,609,641
92$7,679,425$0$0$3,921,053
93$8,341,983$0$0$4,262,441
94$9,068,318$0$0$4,636,805
95$9,864,816$0$0$5,047,452
96$10,738,510$0$0$5,498,023
97$11,697,146$0$0$5,992,527
98$12,749,258$0$0$6,535,382
99$13,904,244$0$0$7,131,454
100$15,172,457$0$0$7,786,104