Can I retire at age 60 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$66,311$65,720$65,144$64,582$64,032$61,958
2 years$32,827$32,216$31,623$31,049$30,492$28,421
3 years$21,667$21,053$20,462$19,893$19,345$17,343
4 years$16,089$15,476$14,891$14,332$13,797$11,880
5 years$12,742$12,134$11,556$11,008$10,488$8,660
6 years$10,512$9,908$9,339$8,803$8,299$6,562
7 years$8,920$8,321$7,761$7,238$6,749$5,103
8 years$7,726$7,132$6,582$6,072$5,599$4,042
9 years$6,798$6,210$5,669$5,172$4,715$3,246
10 years$6,056$5,474$4,942$4,458$4,018$2,634
11 years$5,449$4,873$4,351$3,880$3,455$2,155
12 years$4,944$4,374$3,862$3,403$2,994$1,774
13 years$4,517$3,953$3,450$3,004$2,611$1,468
14 years$4,151$3,593$3,100$2,667$2,289$1,219
15 years$3,834$3,282$2,799$2,379$2,015$1,016
16 years$3,558$3,011$2,538$2,130$1,781$849
17 years$3,314$2,773$2,309$1,914$1,579$712
18 years$3,097$2,563$2,108$1,724$1,404$597
19 years$2,903$2,375$1,930$1,558$1,252$502
20 years$2,729$2,207$1,771$1,411$1,118$423
21 years$2,572$2,056$1,629$1,281$1,000$356
22 years$2,429$1,919$1,501$1,165$897$300
23 years$2,299$1,795$1,386$1,061$805$253
24 years$2,180$1,682$1,282$967$724$214
25 years$2,070$1,578$1,187$883$651$181
26 years$1,969$1,483$1,101$808$586$153
27 years$1,876$1,396$1,023$739$529$129
28 years$1,790$1,315$951$677$477$109
29 years$1,709$1,241$885$621$431$93
30 years$1,635$1,172$824$570$389$78
31 years$1,565$1,108$768$524$352$66
32 years$1,499$1,048$717$481$318$56
33 years$1,438$993$669$442$288$48
34 years$1,381$941$625$407$261$40
35 years$1,326$892$585$375$236$34
36 years$1,275$847$547$345$214$29
37 years$1,227$804$512$318$194$24
38 years$1,182$764$479$293$176$21
39 years$1,139$727$449$270$160$18
40 years$1,098$692$421$249$145$15
41 years$1,059$658$395$230$131$13
42 years$1,022$627$370$212$119$11
43 years$987$597$347$196$108$9
44 years$954$569$326$181$98$8
45 years$922$543$306$167$89$7
46 years$892$518$288$154$81$6
47 years$863$494$270$143$73$5
48 years$836$472$254$132$67$4
49 years$809$451$239$122$61$3
50 years$784$430$224$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $803,000, adding $3,568 every year, while hoping to spend $29,360 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: 52/23/25 Blend
59$803,000$803,000$803,000$803,000
60$888,586$846,027$833,581$928,426
61$947,983$856,244$830,267$966,609
62$1,012,455$865,977$825,858$1,004,835
63$1,082,487$875,172$820,287$1,045,819
64$1,158,616$883,771$813,481$1,089,836
65$1,241,430$891,711$805,368$1,137,190
66$1,331,577$898,926$795,869$1,188,215
67$1,429,770$905,345$784,903$1,243,282
68$1,536,794$910,894$772,384$1,302,801
69$1,653,511$915,492$758,223$1,367,225
70$1,780,872$919,054$742,327$1,437,051
71$1,919,923$921,490$724,597$1,512,835
72$2,071,816$922,703$704,931$1,595,184
73$2,237,818$922,592$683,223$1,684,775
74$2,419,323$921,048$659,359$1,782,350
75$2,617,870$917,955$633,224$1,888,734
76$2,835,150$913,192$604,694$2,004,833
77$3,073,025$906,628$573,641$2,131,652
78$3,333,548$898,126$539,931$2,270,299
79$3,618,976$887,541$503,426$2,421,996
80$3,931,798$874,718$463,977$2,588,094
81$4,274,755$859,492$421,433$2,770,085
82$4,650,863$841,690$375,635$2,969,615
83$5,063,447$821,129$326,414$3,188,501
84$5,516,168$797,613$273,598$3,428,749
85$6,013,058$770,937$217,005$3,692,575
86$6,558,559$740,882$156,444$3,982,421
87$7,157,565$707,218$91,717$4,300,984
88$7,815,465$669,701$22,619$4,651,243
89$8,538,198$628,072$0$5,036,480
90$9,332,305$582,057$0$5,473,958
91$10,204,991$531,370$0$5,961,364
92$11,164,197$475,703$0$6,497,133
93$12,218,668$414,736$0$7,086,199
94$13,378,040$348,126$0$7,734,002
95$14,652,930$275,514$0$8,446,537
96$16,055,034$196,519$0$9,230,415
97$17,597,239$110,740$0$10,092,924
98$19,293,743$17,752$0$11,042,095
99$21,160,191$0$0$12,086,787
100$23,213,819$0$0$13,257,739