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%15.1%
1 years$67,797$67,194$66,604$66,029$65,468$64,093
2 years$33,563$32,938$32,332$31,745$31,175$29,797
3 years$22,153$21,525$20,921$20,339$19,779$18,440
4 years$16,449$15,823$15,225$14,653$14,106$12,817
5 years$13,028$12,406$11,815$11,255$10,723$9,487
6 years$10,748$10,130$9,549$9,001$8,485$7,303
7 years$9,120$8,507$7,935$7,400$6,901$5,774
8 years$7,899$7,292$6,729$6,208$5,725$4,652
9 years$6,950$6,349$5,796$5,288$4,821$3,802
10 years$6,192$5,597$5,053$4,558$4,108$3,141
11 years$5,571$4,982$4,449$3,967$3,533$2,618
12 years$5,055$4,472$3,948$3,479$3,061$2,196
13 years$4,618$4,041$3,527$3,072$2,670$1,853
14 years$4,244$3,673$3,169$2,727$2,340$1,571
15 years$3,920$3,356$2,862$2,432$2,061$1,336
16 years$3,637$3,079$2,594$2,177$1,821$1,140
17 years$3,388$2,835$2,361$1,956$1,615$975
18 years$3,166$2,620$2,155$1,763$1,436$836
19 years$2,968$2,428$1,973$1,593$1,280$719
20 years$2,790$2,256$1,811$1,443$1,143$618
21 years$2,630$2,102$1,665$1,310$1,023$533
22 years$2,484$1,962$1,535$1,191$917$459
23 years$2,350$1,835$1,417$1,084$823$397
24 years$2,229$1,719$1,311$989$740$343
25 years$2,117$1,613$1,214$903$666$296
26 years$2,014$1,516$1,126$826$600$257
27 years$1,918$1,427$1,045$756$541$222
28 years$1,830$1,345$972$693$488$192
29 years$1,748$1,269$904$635$440$167
30 years$1,671$1,198$842$583$398$145
31 years$1,600$1,133$785$535$360$125
32 years$1,533$1,072$733$492$325$109
33 years$1,470$1,015$684$452$295$94
34 years$1,411$962$639$416$267$82
35 years$1,356$912$598$383$242$71
36 years$1,304$866$559$353$219$62
37 years$1,255$822$523$325$198$54
38 years$1,208$782$490$300$180$46
39 years$1,164$743$459$276$163$40
40 years$1,122$707$430$255$148$35
41 years$1,083$673$404$235$134$30
42 years$1,045$641$379$217$122$26
43 years$1,009$611$355$200$111$23
44 years$975$582$333$185$100$20
45 years$943$555$313$171$91$17
46 years$912$530$294$158$83$15
47 years$883$505$276$146$75$13
48 years$854$482$260$135$68$11
49 years$827$461$244$125$62$10
50 years$802$440$229$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $821,000, adding $6,357 every year, while hoping to spend $23,873 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: 65/10/25 Blend
59$821,000$821,000$821,000$821,000
60$911,299$867,786$855,061$964,199
61$978,851$884,907$858,305$1,017,763
62$1,052,493$902,067$860,857$1,073,036
63$1,132,821$919,242$862,670$1,132,911
64$1,220,492$936,407$863,692$1,197,842
65$1,316,226$953,536$863,870$1,268,329
66$1,420,820$970,597$863,148$1,344,925
67$1,535,148$987,561$861,468$1,428,238
68$1,660,173$1,004,392$858,767$1,518,938
69$1,796,957$1,021,054$854,982$1,617,766
70$1,946,668$1,037,506$850,045$1,725,535
71$2,110,591$1,053,707$843,885$1,843,145
72$2,290,144$1,069,611$836,427$1,971,587
73$2,486,885$1,085,169$827,594$2,111,952
74$2,702,533$1,100,328$817,304$2,265,445
75$2,938,980$1,115,032$805,472$2,433,392
76$3,198,309$1,129,222$792,009$2,617,258
77$3,482,816$1,142,833$776,820$2,818,655
78$3,795,028$1,155,797$759,809$3,039,362
79$4,137,730$1,168,040$740,872$3,281,338
80$4,513,989$1,179,485$719,902$3,546,747
81$4,927,185$1,190,048$696,787$3,837,970
82$5,381,039$1,199,642$671,411$4,157,633
83$5,879,651$1,208,170$643,649$4,508,633
84$6,427,539$1,215,534$613,375$4,894,161
85$7,029,678$1,221,626$580,453$5,317,736
86$7,691,551$1,226,331$544,744$5,783,237
87$8,419,198$1,229,530$506,102$6,294,941
88$9,219,273$1,231,094$464,373$6,857,559
89$10,099,107$1,230,886$419,398$7,476,289
90$11,066,777$1,228,761$371,009$8,156,858
91$12,131,183$1,224,564$319,032$8,905,578
92$13,302,130$1,218,134$263,286$9,729,411
93$14,590,420$1,209,296$203,579$10,636,026
94$16,007,957$1,197,866$139,714$11,633,879
95$17,567,857$1,183,649$71,482$12,732,292
96$19,284,569$1,166,439$0$13,941,537
97$21,174,018$1,146,017$0$15,273,295
98$23,253,746$1,122,150$0$16,760,064
99$25,543,086$1,094,593$0$18,396,577
100$28,063,338$1,063,086$0$20,198,063