Can I retire at age 60 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$67,797$67,194$66,604$66,029$65,468$62,870
2 years$33,563$32,938$32,332$31,745$31,175$28,590
3 years$22,153$21,525$20,921$20,339$19,779$17,288
4 years$16,449$15,823$15,225$14,653$14,106$11,729
5 years$13,028$12,406$11,815$11,255$10,723$8,465
6 years$10,748$10,130$9,549$9,001$8,485$6,347
7 years$9,120$8,507$7,935$7,400$6,901$4,883
8 years$7,899$7,292$6,729$6,208$5,725$3,825
9 years$6,950$6,349$5,796$5,288$4,821$3,036
10 years$6,192$5,597$5,053$4,558$4,108$2,434
11 years$5,571$4,982$4,449$3,967$3,533$1,966
12 years$5,055$4,472$3,948$3,479$3,061$1,598
13 years$4,618$4,041$3,527$3,072$2,670$1,305
14 years$4,244$3,673$3,169$2,727$2,340$1,070
15 years$3,920$3,356$2,862$2,432$2,061$880
16 years$3,637$3,079$2,594$2,177$1,821$726
17 years$3,388$2,835$2,361$1,956$1,615$599
18 years$3,166$2,620$2,155$1,763$1,436$496
19 years$2,968$2,428$1,973$1,593$1,280$411
20 years$2,790$2,256$1,811$1,443$1,143$341
21 years$2,630$2,102$1,665$1,310$1,023$283
22 years$2,484$1,962$1,535$1,191$917$235
23 years$2,350$1,835$1,417$1,084$823$196
24 years$2,229$1,719$1,311$989$740$163
25 years$2,117$1,613$1,214$903$666$135
26 years$2,014$1,516$1,126$826$600$113
27 years$1,918$1,427$1,045$756$541$94
28 years$1,830$1,345$972$693$488$78
29 years$1,748$1,269$904$635$440$65
30 years$1,671$1,198$842$583$398$54
31 years$1,600$1,133$785$535$360$45
32 years$1,533$1,072$733$492$325$38
33 years$1,470$1,015$684$452$295$31
34 years$1,411$962$639$416$267$26
35 years$1,356$912$598$383$242$22
36 years$1,304$866$559$353$219$18
37 years$1,255$822$523$325$198$15
38 years$1,208$782$490$300$180$13
39 years$1,164$743$459$276$163$11
40 years$1,122$707$430$255$148$9
41 years$1,083$673$404$235$134$7
42 years$1,045$641$379$217$122$6
43 years$1,009$611$355$200$111$5
44 years$975$582$333$185$100$4
45 years$943$555$313$171$91$4
46 years$912$530$294$158$83$3
47 years$883$505$276$146$75$2
48 years$854$482$260$135$68$2
49 years$827$461$244$125$62$2
50 years$802$440$229$115$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $821,000, adding $2,850 every year, while hoping to spend $22,244 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: 81/11/8 Blend
59$821,000$821,000$821,000$821,000
60$907,682$864,169$851,443$980,062
61$976,598$882,846$856,299$1,046,548
62$1,051,798$901,692$860,572$1,116,268
63$1,133,899$920,693$864,219$1,192,117
64$1,223,582$939,832$867,196$1,274,696
65$1,321,594$959,090$869,453$1,364,667
66$1,428,759$978,448$870,942$1,462,758
67$1,545,984$997,884$871,611$1,569,773
68$1,674,269$1,017,374$871,404$1,686,595
69$1,814,712$1,036,893$870,264$1,814,199
70$1,968,525$1,056,413$868,130$1,953,658
71$2,137,041$1,075,904$864,939$2,106,154
72$2,321,729$1,095,334$860,624$2,272,988
73$2,524,207$1,114,667$855,117$2,455,594
74$2,746,256$1,133,865$848,343$2,655,553
75$2,989,838$1,152,888$840,226$2,874,604
76$3,257,114$1,171,693$830,687$3,114,666
77$3,550,466$1,190,232$819,641$3,377,851
78$3,872,515$1,208,455$807,001$3,666,487
79$4,226,150$1,226,308$792,674$3,983,139
80$4,614,553$1,243,732$776,564$4,330,632
81$5,041,229$1,260,667$758,570$4,712,080
82$5,510,039$1,277,044$738,587$5,130,913
83$6,025,239$1,292,795$716,505$5,590,912
84$6,591,514$1,307,842$692,209$6,096,241
85$7,214,027$1,322,106$665,577$6,651,491
86$7,898,467$1,335,498$636,483$7,261,718
87$8,651,102$1,347,929$604,796$7,932,496
88$9,478,835$1,359,298$570,378$8,669,965
89$10,389,275$1,369,502$533,084$9,480,892
90$11,390,803$1,378,430$492,764$10,372,733
91$12,492,654$1,385,962$449,261$11,353,706
92$13,705,004$1,391,973$402,411$12,432,865
93$15,039,063$1,396,329$352,040$13,620,188
94$16,507,186$1,398,887$297,972$14,926,671
95$18,122,982$1,399,496$240,017$16,364,430
96$19,901,449$1,397,994$177,981$17,946,817
97$21,859,113$1,394,212$111,659$19,688,547
98$24,014,181$1,387,967$40,838$21,605,834
99$26,386,717$1,379,067$0$23,716,548
100$28,998,830$1,367,309$0$26,043,345