Can I retire at age 60 with 827,000?

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 $827,000?

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$68,293$67,685$67,091$66,512$65,946$64,378
2 years$33,808$33,179$32,568$31,977$31,403$29,832
3 years$22,315$21,683$21,074$20,488$19,923$18,399
4 years$16,569$15,939$15,336$14,760$14,209$12,744
5 years$13,123$12,496$11,902$11,337$10,802$9,398
6 years$10,826$10,204$9,618$9,067$8,547$7,207
7 years$9,186$8,570$7,993$7,454$6,951$5,675
8 years$7,957$7,346$6,779$6,253$5,767$4,554
9 years$7,001$6,396$5,838$5,326$4,856$3,706
10 years$6,237$5,638$5,090$4,591$4,138$3,049
11 years$5,612$5,019$4,481$3,996$3,559$2,530
12 years$5,092$4,505$3,977$3,505$3,084$2,113
13 years$4,652$4,071$3,553$3,094$2,689$1,774
14 years$4,275$3,700$3,193$2,747$2,357$1,497
15 years$3,949$3,380$2,882$2,450$2,076$1,267
16 years$3,664$3,101$2,613$2,193$1,834$1,076
17 years$3,413$2,856$2,378$1,971$1,627$916
18 years$3,189$2,639$2,171$1,776$1,446$781
19 years$2,990$2,446$1,987$1,605$1,289$668
20 years$2,811$2,273$1,824$1,453$1,151$571
21 years$2,649$2,117$1,678$1,319$1,030$490
22 years$2,502$1,976$1,546$1,199$924$420
23 years$2,368$1,848$1,428$1,092$829$361
24 years$2,245$1,732$1,320$996$745$310
25 years$2,132$1,625$1,223$910$671$267
26 years$2,028$1,527$1,134$832$604$229
27 years$1,932$1,438$1,053$761$545$198
28 years$1,843$1,355$979$698$491$170
29 years$1,760$1,278$911$640$444$147
30 years$1,683$1,207$849$587$401$126
31 years$1,611$1,141$791$539$362$109
32 years$1,544$1,079$738$496$328$94
33 years$1,481$1,022$689$456$297$81
34 years$1,422$969$644$419$269$70
35 years$1,366$919$602$386$243$60
36 years$1,313$872$563$355$220$52
37 years$1,264$828$527$328$200$45
38 years$1,217$787$494$302$181$39
39 years$1,173$749$463$278$164$33
40 years$1,131$712$434$257$149$29
41 years$1,091$678$406$237$135$25
42 years$1,053$646$381$219$123$22
43 years$1,017$615$358$202$111$19
44 years$983$586$336$186$101$16
45 years$950$559$315$172$92$14
46 years$919$533$296$159$83$12
47 years$889$509$278$147$76$10
48 years$861$486$261$136$69$9
49 years$833$464$246$125$62$8
50 years$807$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 $827,000, adding $2,649 every year, while hoping to spend $59,702 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: 48/35/17 Blend
59$827,000$827,000$827,000$827,000
60$914,086$870,255$857,437$953,481
61$943,801$849,375$822,639$960,176
62$974,545$825,471$784,674$961,135
63$1,006,361$798,332$743,373$960,892
64$1,039,294$767,734$698,559$959,358
65$1,073,389$733,441$650,049$956,437
66$1,108,697$695,201$597,647$952,030
67$1,145,270$652,752$541,154$946,032
68$1,183,163$605,812$480,358$938,334
69$1,222,435$554,086$415,040$928,818
70$1,263,148$497,262$344,969$917,364
71$1,305,369$435,007$269,905$903,841
72$1,349,168$366,974$189,598$888,117
73$1,394,620$292,792$103,786$870,049
74$1,441,804$212,072$12,196$849,488
75$1,490,807$124,403$0$826,279
76$1,541,720$29,349$0$815,775
77$1,594,639$0$0$805,657
78$1,649,669$0$0$821,914
79$1,706,922$0$0$850,602
80$1,766,519$0$0$880,479
81$1,828,587$0$0$911,611
82$1,893,265$0$0$944,071
83$1,960,703$0$0$977,935
84$2,031,060$0$0$1,013,287
85$2,104,510$0$0$1,050,215
86$2,181,241$0$0$1,088,819
87$2,261,453$0$0$1,129,201
88$2,345,365$0$0$1,171,476
89$2,433,213$0$0$1,215,767
90$2,525,253$0$0$1,262,206
91$2,621,763$0$0$1,310,939
92$2,723,043$0$0$1,362,122
93$2,829,420$0$0$1,415,926
94$2,941,249$0$0$1,472,537
95$3,058,917$0$0$1,532,155
96$3,182,843$0$0$1,595,002
97$3,313,485$0$0$1,661,315
98$3,451,341$0$0$1,731,357
99$3,596,955$0$0$1,805,412
100$3,750,919$0$0$1,883,790