Can I retire at age 60 with 818,000?

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 $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%19.4%
1 years$67,550$66,948$66,361$65,788$65,228$62,764
2 years$33,440$32,818$32,214$31,629$31,061$28,607
3 years$22,072$21,447$20,845$20,265$19,706$17,340
4 years$16,389$15,766$15,170$14,600$14,055$11,794
5 years$12,980$12,360$11,772$11,214$10,684$8,534
6 years$10,708$10,093$9,514$8,968$8,454$6,417
7 years$9,086$8,476$7,906$7,373$6,875$4,950
8 years$7,870$7,266$6,705$6,185$5,704$3,889
9 years$6,925$6,326$5,775$5,268$4,803$3,097
10 years$6,169$5,576$5,035$4,541$4,093$2,491
11 years$5,551$4,964$4,432$3,952$3,520$2,019
12 years$5,036$4,456$3,934$3,467$3,050$1,646
13 years$4,601$4,027$3,514$3,061$2,660$1,349
14 years$4,229$3,660$3,158$2,717$2,332$1,110
15 years$3,906$3,343$2,851$2,423$2,053$916
16 years$3,624$3,068$2,585$2,169$1,814$758
17 years$3,375$2,825$2,352$1,949$1,609$628
18 years$3,155$2,611$2,147$1,757$1,430$522
19 years$2,957$2,419$1,966$1,587$1,275$434
20 years$2,780$2,248$1,804$1,438$1,139$362
21 years$2,620$2,094$1,659$1,305$1,019$301
22 years$2,474$1,955$1,529$1,186$914$251
23 years$2,342$1,828$1,412$1,080$820$210
24 years$2,220$1,713$1,306$985$737$175
25 years$2,109$1,608$1,210$900$663$146
26 years$2,006$1,511$1,122$823$597$122
27 years$1,911$1,422$1,042$753$539$102
28 years$1,823$1,340$968$690$486$86
29 years$1,741$1,264$901$633$439$72
30 years$1,665$1,194$839$581$397$60
31 years$1,594$1,128$783$533$359$50
32 years$1,527$1,068$730$490$324$42
33 years$1,465$1,011$682$451$293$35
34 years$1,406$958$637$415$266$29
35 years$1,351$909$596$382$241$25
36 years$1,299$863$557$352$218$21
37 years$1,250$819$521$324$198$17
38 years$1,204$779$488$299$179$14
39 years$1,160$741$457$275$162$12
40 years$1,118$705$429$254$147$10
41 years$1,079$671$402$234$134$8
42 years$1,041$639$377$216$121$7
43 years$1,006$609$354$200$110$6
44 years$972$580$332$184$100$5
45 years$940$553$312$170$91$4
46 years$909$528$293$157$82$3
47 years$879$504$275$145$75$3
48 years$851$481$259$134$68$2
49 years$824$459$243$124$62$2
50 years$799$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $818,000, adding $4,272 every year, while hoping to spend $28,645 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: 58/34/8 Blend
59$818,000$818,000$818,000$818,000
60$905,843$862,489$849,810$956,510
61$967,760$874,272$847,800$1,002,860
62$1,035,034$885,674$844,763$1,049,750
63$1,108,179$896,643$840,634$1,100,150
64$1,187,763$907,129$835,346$1,154,400
65$1,274,412$917,075$828,826$1,212,873
66$1,368,811$926,421$821,002$1,275,981
67$1,471,718$935,104$811,794$1,344,179
68$1,583,966$943,056$801,121$1,417,967
69$1,706,469$950,205$788,897$1,497,899
70$1,840,238$956,474$775,034$1,584,585
71$1,986,382$961,781$759,438$1,678,697
72$2,146,123$966,038$742,009$1,780,978
73$2,320,808$969,154$722,647$1,892,246
74$2,511,917$971,030$701,242$2,013,404
75$2,721,083$971,561$677,684$2,145,449
76$2,950,102$970,636$651,855$2,289,479
77$3,200,952$968,136$623,632$2,446,707
78$3,475,812$963,937$592,886$2,618,471
79$3,777,080$957,906$559,484$2,806,245
80$4,107,401$949,902$523,285$3,011,657
81$4,469,683$939,775$484,142$3,236,501
82$4,867,133$927,366$441,903$3,482,757
83$5,303,282$912,508$396,408$3,752,609
84$5,782,018$895,023$347,489$4,048,467
85$6,307,626$874,721$294,972$4,372,985
86$6,884,826$851,404$238,675$4,729,095
87$7,518,815$824,859$178,408$5,120,029
88$8,215,320$794,864$113,971$5,549,351
89$8,980,651$761,180$45,157$6,020,991
90$9,821,758$723,559$0$6,539,285
91$10,746,298$681,733$0$7,111,428
92$11,762,706$635,425$0$7,744,549
93$12,880,278$584,336$0$8,440,624
94$14,109,251$528,153$0$9,206,085
95$15,460,908$466,546$0$10,048,027
96$16,947,678$399,164$0$10,974,267
97$18,583,257$325,639$0$11,993,427
98$20,382,732$245,578$0$13,115,013
99$22,362,729$158,569$0$14,349,503
100$24,541,565$64,178$0$15,708,449