Can I retire at age 60 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$67,550$66,948$66,361$65,788$65,228$63,938
2 years$33,440$32,818$32,214$31,629$31,061$29,766
3 years$22,072$21,447$20,845$20,265$19,706$18,448
4 years$16,389$15,766$15,170$14,600$14,055$12,842
5 years$12,980$12,360$11,772$11,214$10,684$9,521
6 years$10,708$10,093$9,514$8,968$8,454$7,341
7 years$9,086$8,476$7,906$7,373$6,875$5,813
8 years$7,870$7,266$6,705$6,185$5,704$4,692
9 years$6,925$6,326$5,775$5,268$4,803$3,842
10 years$6,169$5,576$5,035$4,541$4,093$3,180
11 years$5,551$4,964$4,432$3,952$3,520$2,655
12 years$5,036$4,456$3,934$3,467$3,050$2,232
13 years$4,601$4,027$3,514$3,061$2,660$1,887
14 years$4,229$3,660$3,158$2,717$2,332$1,602
15 years$3,906$3,343$2,851$2,423$2,053$1,366
16 years$3,624$3,068$2,585$2,169$1,814$1,168
17 years$3,375$2,825$2,352$1,949$1,609$1,002
18 years$3,155$2,611$2,147$1,757$1,430$861
19 years$2,957$2,419$1,966$1,587$1,275$741
20 years$2,780$2,248$1,804$1,438$1,139$639
21 years$2,620$2,094$1,659$1,305$1,019$552
22 years$2,474$1,955$1,529$1,186$914$477
23 years$2,342$1,828$1,412$1,080$820$413
24 years$2,220$1,713$1,306$985$737$358
25 years$2,109$1,608$1,210$900$663$310
26 years$2,006$1,511$1,122$823$597$269
27 years$1,911$1,422$1,042$753$539$233
28 years$1,823$1,340$968$690$486$203
29 years$1,741$1,264$901$633$439$176
30 years$1,665$1,194$839$581$397$153
31 years$1,594$1,128$783$533$359$133
32 years$1,527$1,068$730$490$324$116
33 years$1,465$1,011$682$451$293$101
34 years$1,406$958$637$415$266$87
35 years$1,351$909$596$382$241$76
36 years$1,299$863$557$352$218$66
37 years$1,250$819$521$324$198$58
38 years$1,204$779$488$299$179$50
39 years$1,160$741$457$275$162$44
40 years$1,118$705$429$254$147$38
41 years$1,079$671$402$234$134$33
42 years$1,041$639$377$216$121$29
43 years$1,006$609$354$200$110$25
44 years$972$580$332$184$100$22
45 years$940$553$312$170$91$19
46 years$909$528$293$157$82$17
47 years$879$504$275$145$75$14
48 years$851$481$259$134$68$13
49 years$824$459$243$124$62$11
50 years$799$439$229$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $818,000, adding $5,115 every year, while hoping to spend $36,274 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: 61/9/30 Blend
59$818,000$818,000$818,000$818,000
60$906,712$863,358$850,679$954,368
61$960,602$867,067$840,582$991,177
62$1,018,772$869,743$828,930$1,027,014
63$1,081,622$871,295$815,634$1,065,383
64$1,149,588$871,630$800,599$1,106,541
65$1,223,153$870,647$783,727$1,150,771
66$1,302,846$868,239$764,912$1,198,386
67$1,389,247$864,294$744,048$1,249,735
68$1,482,997$858,691$721,020$1,305,199
69$1,584,799$851,303$695,710$1,365,203
70$1,695,427$841,995$667,995$1,430,217
71$1,815,731$830,624$637,743$1,500,758
72$1,946,649$817,037$604,821$1,577,400
73$2,089,210$801,075$569,085$1,660,777
74$2,244,548$782,567$530,389$1,751,589
75$2,413,912$761,333$488,577$1,850,609
76$2,598,674$737,181$443,487$1,958,693
77$2,800,345$709,910$394,950$2,076,786
78$3,020,591$679,305$342,791$2,205,931
79$3,261,241$645,141$286,825$2,347,281
80$3,524,313$607,179$226,859$2,502,110
81$3,812,027$565,165$162,693$2,671,824
82$4,126,827$518,831$94,117$2,857,976
83$4,471,405$467,896$20,911$3,062,281
84$4,848,725$412,059$0$3,286,632
85$5,262,050$351,005$0$3,551,434
86$5,714,975$284,400$0$3,849,014
87$6,211,459$211,892$0$4,175,298
88$6,755,861$133,108$0$4,533,183
89$7,352,983$47,654$0$4,925,857
90$8,008,115$0$0$5,356,837
91$8,727,081$0$0$5,834,442
92$9,516,300$0$0$6,363,960
93$10,382,839$0$0$6,945,422
94$11,334,485$0$0$7,584,063
95$12,379,815$0$0$8,285,646
96$13,528,280$0$0$9,056,523
97$14,790,288$0$0$9,903,690
98$16,177,308$0$0$10,834,856
99$17,701,974$0$0$11,858,511
100$19,378,206$0$0$12,984,012