Can I retire at age 60 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$66,476$65,884$65,306$64,742$64,192$62,063
2 years$32,909$32,296$31,702$31,126$30,568$28,443
3 years$21,721$21,106$20,513$19,943$19,393$17,340
4 years$16,129$15,515$14,928$14,368$13,831$11,865
5 years$12,774$12,164$11,585$11,036$10,514$8,641
6 years$10,538$9,933$9,362$8,825$8,320$6,540
7 years$8,942$8,342$7,780$7,256$6,766$5,080
8 years$7,745$7,150$6,598$6,087$5,613$4,020
9 years$6,815$6,226$5,683$5,185$4,727$3,224
10 years$6,071$5,488$4,955$4,469$4,028$2,613
11 years$5,463$4,885$4,362$3,889$3,464$2,134
12 years$4,956$4,385$3,871$3,412$3,002$1,755
13 years$4,528$3,963$3,459$3,012$2,618$1,450
14 years$4,162$3,602$3,108$2,674$2,295$1,203
15 years$3,844$3,290$2,806$2,384$2,020$1,001
16 years$3,566$3,019$2,544$2,135$1,786$836
17 years$3,322$2,780$2,315$1,918$1,583$699
18 years$3,105$2,569$2,113$1,729$1,408$586
19 years$2,910$2,381$1,934$1,562$1,255$492
20 years$2,736$2,213$1,775$1,415$1,121$413
21 years$2,578$2,061$1,633$1,284$1,003$348
22 years$2,435$1,924$1,505$1,167$899$293
23 years$2,305$1,799$1,390$1,063$807$247
24 years$2,185$1,686$1,285$970$725$208
25 years$2,075$1,582$1,190$886$653$175
26 years$1,974$1,487$1,104$810$588$148
27 years$1,881$1,399$1,025$741$530$125
28 years$1,794$1,319$953$679$478$106
29 years$1,714$1,244$887$623$432$89
30 years$1,639$1,175$826$572$390$75
31 years$1,569$1,110$770$525$353$64
32 years$1,503$1,051$719$482$319$54
33 years$1,442$995$671$444$289$46
34 years$1,384$943$627$408$261$38
35 years$1,330$895$586$376$237$33
36 years$1,279$849$548$346$215$28
37 years$1,230$806$513$319$194$23
38 years$1,185$766$481$294$176$20
39 years$1,141$729$450$271$160$17
40 years$1,101$693$422$250$145$14
41 years$1,062$660$396$231$132$12
42 years$1,025$629$371$213$119$10
43 years$990$599$348$196$108$9
44 years$956$571$327$181$98$7
45 years$925$544$307$168$89$6
46 years$894$519$288$155$81$5
47 years$865$496$271$143$74$4
48 years$838$473$255$132$67$4
49 years$811$452$239$122$61$3
50 years$786$432$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $805,000, adding $5,527 every year, while hoping to spend $56,459 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: 77/8/15 Blend
59$805,000$805,000$805,000$805,000
60$892,811$850,146$837,669$958,291
61$923,806$831,731$805,659$983,838
62$956,070$810,522$770,684$1,004,179
63$989,673$786,321$732,586$1,024,926
64$1,024,690$758,922$691,198$1,046,100
65$1,061,202$728,103$646,347$1,067,724
66$1,099,297$693,631$597,851$1,089,825
67$1,139,067$655,261$545,521$1,112,433
68$1,180,614$612,732$489,159$1,135,580
69$1,224,048$565,767$428,557$1,159,306
70$1,269,488$514,076$363,500$1,183,651
71$1,317,060$457,351$293,762$1,208,666
72$1,366,905$395,265$219,108$1,234,404
73$1,419,172$327,476$139,291$1,260,925
74$1,474,026$253,620$54,055$1,288,298
75$1,531,642$173,313$0$1,316,601
76$1,592,214$86,150$0$1,351,826
77$1,655,951$0$0$1,397,780
78$1,723,081$0$0$1,446,688
79$1,793,853$0$0$1,506,255
80$1,868,536$0$0$1,569,126
81$1,947,426$0$0$1,635,550
82$2,030,844$0$0$1,705,801
83$2,119,141$0$0$1,780,175
84$2,212,701$0$0$1,858,997
85$2,311,942$0$0$1,942,623
86$2,417,323$0$0$2,031,439
87$2,529,343$0$0$2,125,871
88$2,648,552$0$0$2,226,382
89$2,775,548$0$0$2,333,481
90$2,910,988$0$0$2,447,725
91$3,055,592$0$0$2,569,722
92$3,210,147$0$0$2,700,142
93$3,375,518$0$0$2,839,716
94$3,552,652$0$0$2,989,248
95$3,742,587$0$0$3,149,618
96$3,946,464$0$0$3,321,793
97$4,165,534$0$0$3,506,834
98$4,401,170$0$0$3,705,905
99$4,654,879$0$0$3,920,284
100$4,928,317$0$0$4,151,376