Can I retire at age 60 with 826,000?

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 $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%15.8%
1 years$68,210$67,603$67,010$66,431$65,866$64,300
2 years$33,767$33,139$32,529$31,938$31,365$29,796
3 years$22,288$21,656$21,048$20,463$19,899$18,377
4 years$16,549$15,920$15,318$14,743$14,192$12,728
5 years$13,107$12,481$11,887$11,324$10,789$9,387
6 years$10,813$10,192$9,607$9,056$8,537$7,199
7 years$9,175$8,559$7,983$7,445$6,943$5,668
8 years$7,947$7,337$6,770$6,246$5,760$4,549
9 years$6,993$6,388$5,831$5,320$4,850$3,702
10 years$6,229$5,631$5,084$4,586$4,133$3,045
11 years$5,605$5,013$4,476$3,991$3,554$2,527
12 years$5,086$4,499$3,972$3,501$3,080$2,110
13 years$4,646$4,066$3,549$3,091$2,686$1,772
14 years$4,270$3,696$3,189$2,743$2,354$1,495
15 years$3,944$3,376$2,879$2,447$2,073$1,265
16 years$3,659$3,098$2,610$2,191$1,832$1,074
17 years$3,408$2,853$2,375$1,968$1,625$915
18 years$3,186$2,636$2,168$1,774$1,444$780
19 years$2,986$2,443$1,985$1,603$1,287$667
20 years$2,807$2,270$1,822$1,452$1,150$571
21 years$2,646$2,115$1,676$1,317$1,029$489
22 years$2,499$1,974$1,544$1,198$922$420
23 years$2,365$1,846$1,426$1,091$828$360
24 years$2,242$1,730$1,319$995$744$310
25 years$2,130$1,623$1,221$909$670$266
26 years$2,026$1,526$1,133$831$603$229
27 years$1,930$1,436$1,052$761$544$197
28 years$1,841$1,353$978$697$491$170
29 years$1,758$1,276$910$639$443$146
30 years$1,681$1,205$848$586$400$126
31 years$1,610$1,139$790$539$362$109
32 years$1,542$1,078$737$495$327$94
33 years$1,479$1,021$688$455$296$81
34 years$1,420$968$643$419$268$70
35 years$1,364$918$601$386$243$60
36 years$1,312$871$563$355$220$52
37 years$1,262$827$527$327$200$45
38 years$1,216$786$493$302$181$39
39 years$1,171$748$462$278$164$33
40 years$1,129$711$433$256$149$29
41 years$1,089$677$406$237$135$25
42 years$1,052$645$381$218$123$21
43 years$1,016$615$357$202$111$19
44 years$981$586$335$186$101$16
45 years$949$559$315$172$92$14
46 years$918$533$296$159$83$12
47 years$888$508$278$147$76$10
48 years$860$485$261$136$69$9
49 years$832$464$245$125$62$8
50 years$806$443$231$116$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $826,000, adding $6,562 every year, while hoping to spend $53,880 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: 83/7/10 Blend
59$826,000$826,000$826,000$826,000
60$917,021$873,243$860,440$991,192
61$953,229$858,704$831,937$1,026,158
62$991,325$841,646$800,673$1,056,684
63$1,031,443$821,891$766,499$1,088,566
64$1,073,733$799,245$729,259$1,121,911
65$1,118,354$773,509$688,789$1,156,833
66$1,165,482$744,467$644,919$1,193,459
67$1,215,308$711,893$597,471$1,231,931
68$1,268,041$675,547$546,259$1,272,401
69$1,323,910$635,178$491,087$1,315,040
70$1,383,163$590,515$431,752$1,360,036
71$1,446,072$541,277$368,042$1,407,595
72$1,512,935$487,164$299,736$1,457,945
73$1,584,079$427,859$226,602$1,511,336
74$1,659,859$363,029$148,397$1,568,046
75$1,740,667$292,319$64,870$1,628,380
76$1,826,928$215,356$0$1,692,674
77$1,919,114$131,747$0$1,763,889
78$2,017,735$41,075$0$1,847,401
79$2,123,357$0$0$1,936,764
80$2,236,597$0$0$2,036,906
81$2,358,131$0$0$2,147,791
82$2,488,704$0$0$2,266,935
83$2,629,132$0$0$2,395,083
84$2,780,311$0$0$2,533,055
85$2,943,225$0$0$2,681,751
86$3,118,955$0$0$2,842,160
87$3,308,688$0$0$3,015,367
88$3,513,729$0$0$3,202,564
89$3,735,512$0$0$3,405,065
90$3,975,614$0$0$3,624,309
91$4,235,767$0$0$3,861,882
92$4,517,878$0$0$4,119,526
93$4,824,040$0$0$4,399,157
94$5,156,559$0$0$4,702,884
95$5,517,969$0$0$5,033,023
96$5,911,060$0$0$5,392,125
97$6,338,900$0$0$5,782,996
98$6,804,863$0$0$6,208,724
99$7,312,666$0$0$6,672,705
100$7,866,397$0$0$7,178,680