Can I retire at age 60 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$68,210$67,603$67,010$66,431$65,866$64,616
2 years$33,767$33,139$32,529$31,938$31,365$30,110
3 years$22,288$21,656$21,048$20,463$19,899$18,679
4 years$16,549$15,920$15,318$14,743$14,192$13,016
5 years$13,107$12,481$11,887$11,324$10,789$9,660
6 years$10,813$10,192$9,607$9,056$8,537$7,456
7 years$9,175$8,559$7,983$7,445$6,943$5,911
8 years$7,947$7,337$6,770$6,246$5,760$4,777
9 years$6,993$6,388$5,831$5,320$4,850$3,916
10 years$6,229$5,631$5,084$4,586$4,133$3,245
11 years$5,605$5,013$4,476$3,991$3,554$2,713
12 years$5,086$4,499$3,972$3,501$3,080$2,284
13 years$4,646$4,066$3,549$3,091$2,686$1,933
14 years$4,270$3,696$3,189$2,743$2,354$1,644
15 years$3,944$3,376$2,879$2,447$2,073$1,403
16 years$3,659$3,098$2,610$2,191$1,832$1,202
17 years$3,408$2,853$2,375$1,968$1,625$1,032
18 years$3,186$2,636$2,168$1,774$1,444$888
19 years$2,986$2,443$1,985$1,603$1,287$766
20 years$2,807$2,270$1,822$1,452$1,150$661
21 years$2,646$2,115$1,676$1,317$1,029$572
22 years$2,499$1,974$1,544$1,198$922$495
23 years$2,365$1,846$1,426$1,091$828$429
24 years$2,242$1,730$1,319$995$744$372
25 years$2,130$1,623$1,221$909$670$323
26 years$2,026$1,526$1,133$831$603$281
27 years$1,930$1,436$1,052$761$544$244
28 years$1,841$1,353$978$697$491$212
29 years$1,758$1,276$910$639$443$185
30 years$1,681$1,205$848$586$400$161
31 years$1,610$1,139$790$539$362$140
32 years$1,542$1,078$737$495$327$122
33 years$1,479$1,021$688$455$296$106
34 years$1,420$968$643$419$268$93
35 years$1,364$918$601$386$243$81
36 years$1,312$871$563$355$220$70
37 years$1,262$827$527$327$200$61
38 years$1,216$786$493$302$181$53
39 years$1,171$748$462$278$164$47
40 years$1,129$711$433$256$149$41
41 years$1,089$677$406$237$135$35
42 years$1,052$645$381$218$123$31
43 years$1,016$615$357$202$111$27
44 years$981$586$335$186$101$24
45 years$949$559$315$172$92$21
46 years$918$533$296$159$83$18
47 years$888$508$278$147$76$16
48 years$860$485$261$136$69$14
49 years$832$464$245$125$62$12
50 years$806$443$231$116$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $826,000, adding $2,853 every year, while hoping to spend $48,822 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: 72/18/10 Blend
59$826,000$826,000$826,000$826,000
60$913,195$869,417$856,614$977,008
61$954,395$860,072$833,364$1,010,229
62$998,160$848,633$807,699$1,040,282
63$1,044,702$834,946$779,487$1,071,855
64$1,094,250$818,847$748,588$1,105,084
65$1,147,057$800,163$714,859$1,140,123
66$1,203,397$778,711$678,147$1,177,139
67$1,263,573$754,298$638,294$1,216,320
68$1,327,916$726,717$595,136$1,257,873
69$1,396,789$695,751$548,498$1,302,026
70$1,470,590$661,171$498,201$1,349,035
71$1,549,755$622,734$444,056$1,399,180
72$1,634,764$580,182$385,866$1,452,771
73$1,726,142$533,243$323,425$1,510,155
74$1,824,467$481,631$256,518$1,571,713
75$1,930,372$425,040$184,921$1,637,867
76$2,044,553$363,150$108,399$1,709,085
77$2,167,776$295,623$26,708$1,785,884
78$2,300,879$222,098$0$1,868,838
79$2,444,787$142,199$0$1,965,031
80$2,600,513$55,525$0$2,072,174
81$2,769,174$0$0$2,188,219
82$2,951,996$0$0$2,321,651
83$3,150,327$0$0$2,478,366
84$3,365,650$0$0$2,648,544
85$3,599,597$0$0$2,833,477
86$3,853,962$0$0$3,034,589
87$4,130,720$0$0$3,253,446
88$4,432,042$0$0$3,491,769
89$4,760,318$0$0$3,751,456
90$5,118,179$0$0$4,034,592
91$5,508,519$0$0$4,343,473
92$5,934,526$0$0$4,680,626
93$6,399,705$0$0$5,048,834
94$6,907,918$0$0$5,451,159
95$7,463,415$0$0$5,890,972
96$8,070,876$0$0$6,371,985
97$8,735,453$0$0$6,898,287
98$9,462,819$0$0$7,474,376
99$10,259,222$0$0$8,105,209
100$11,131,541$0$0$8,796,243