Can I retire at age 60 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$67,715$67,112$66,523$65,949$65,388$65,003
2 years$33,522$32,898$32,293$31,706$31,137$30,749
3 years$22,126$21,499$20,896$20,314$19,755$19,375
4 years$16,429$15,804$15,207$14,635$14,089$13,721
5 years$13,012$12,391$11,801$11,241$10,710$10,355
6 years$10,735$10,118$9,537$8,990$8,475$8,132
7 years$9,108$8,497$7,925$7,391$6,892$6,563
8 years$7,889$7,283$6,721$6,200$5,718$5,402
9 years$6,942$6,342$5,789$5,281$4,815$4,512
10 years$6,184$5,590$5,047$4,552$4,103$3,813
11 years$5,565$4,976$4,443$3,962$3,529$3,252
12 years$5,049$4,466$3,943$3,475$3,058$2,793
13 years$4,613$4,036$3,523$3,068$2,666$2,414
14 years$4,239$3,669$3,165$2,723$2,337$2,097
15 years$3,916$3,352$2,858$2,429$2,058$1,830
16 years$3,633$3,075$2,591$2,175$1,819$1,602
17 years$3,384$2,832$2,358$1,954$1,613$1,407
18 years$3,162$2,617$2,152$1,761$1,434$1,239
19 years$2,965$2,425$1,970$1,591$1,278$1,093
20 years$2,787$2,254$1,808$1,441$1,142$967
21 years$2,626$2,099$1,663$1,308$1,022$857
22 years$2,480$1,960$1,533$1,189$916$760
23 years$2,348$1,833$1,416$1,083$822$675
24 years$2,226$1,717$1,309$988$739$600
25 years$2,114$1,611$1,212$902$665$535
26 years$2,011$1,515$1,125$825$599$476
27 years$1,916$1,425$1,044$755$540$425
28 years$1,828$1,343$971$692$487$379
29 years$1,746$1,267$903$634$440$339
30 years$1,669$1,197$841$582$398$302
31 years$1,598$1,131$784$535$359$270
32 years$1,531$1,070$732$491$325$242
33 years$1,468$1,014$683$452$294$216
34 years$1,410$961$639$416$266$194
35 years$1,354$911$597$383$241$173
36 years$1,302$865$558$352$219$155
37 years$1,253$821$523$325$198$139
38 years$1,207$781$489$299$180$125
39 years$1,163$742$459$276$163$112
40 years$1,121$706$430$255$148$100
41 years$1,082$672$403$235$134$90
42 years$1,044$640$378$217$122$80
43 years$1,008$610$355$200$110$72
44 years$974$581$333$185$100$65
45 years$942$555$313$171$91$58
46 years$911$529$294$158$83$52
47 years$882$505$276$146$75$47
48 years$853$482$259$135$68$42
49 years$826$460$244$124$62$38
50 years$801$440$229$115$56$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $820,000, adding $2,082 every year, while hoping to spend $56,121 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: 39/42/19 Blend
59$820,000$820,000$820,000$820,000
60$905,788$862,328$849,618$935,906
61$938,466$844,869$818,367$940,249
62$972,596$824,675$784,190$939,435
63$1,008,267$801,550$746,926$937,390
64$1,045,576$775,292$706,414$934,033
65$1,084,625$745,682$662,480$929,281
66$1,125,529$712,492$614,944$923,045
67$1,168,408$675,479$563,620$915,235
68$1,213,395$634,387$508,311$905,756
69$1,260,633$588,944$448,811$894,509
70$1,310,280$538,864$384,908$881,395
71$1,362,504$483,844$316,378$866,308
72$1,417,490$423,563$242,987$849,140
73$1,475,438$357,682$164,492$829,783
74$1,536,569$285,844$80,638$808,121
75$1,601,120$207,671$0$784,040
76$1,669,351$122,764$0$759,215
77$1,741,547$30,702$0$749,294
78$1,818,017$0$0$737,849
79$1,899,100$0$0$756,691
80$1,985,167$0$0$791,806
81$2,076,622$0$0$829,178
82$2,173,908$0$0$868,995
83$2,277,509$0$0$911,464
84$2,387,957$0$0$956,810
85$2,505,831$0$0$1,005,281
86$2,631,769$0$0$1,057,149
87$2,766,469$0$0$1,112,711
88$2,910,695$0$0$1,172,295
89$3,065,287$0$0$1,236,257
90$3,231,165$0$0$1,304,992
91$3,409,338$0$0$1,378,931
92$3,600,916$0$0$1,458,548
93$3,807,116$0$0$1,544,363
94$4,029,273$0$0$1,636,949
95$4,268,856$0$0$1,736,932
96$4,527,478$0$0$1,845,003
97$4,806,909$0$0$1,961,922
98$5,109,098$0$0$2,088,521
99$5,436,185$0$0$2,225,717
100$5,790,522$0$0$2,374,519