Can I retire at age 60 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$66,559$65,966$65,387$64,823$64,272$64,001
2 years$32,950$32,336$31,741$31,165$30,606$30,332
3 years$21,748$21,132$20,539$19,968$19,417$19,150
4 years$16,149$15,534$14,947$14,386$13,849$13,589
5 years$12,790$12,179$11,599$11,049$10,528$10,277
6 years$10,551$9,945$9,374$8,836$8,330$8,088
7 years$8,953$8,352$7,790$7,265$6,775$6,542
8 years$7,755$7,159$6,606$6,094$5,620$5,397
9 years$6,823$6,233$5,690$5,191$4,733$4,519
10 years$6,079$5,494$4,961$4,475$4,033$3,827
11 years$5,470$4,891$4,367$3,894$3,468$3,272
12 years$4,963$4,390$3,876$3,416$3,006$2,818
13 years$4,534$3,967$3,463$3,016$2,621$2,442
14 years$4,167$3,606$3,111$2,677$2,297$2,127
15 years$3,849$3,294$2,809$2,387$2,023$1,860
16 years$3,571$3,023$2,547$2,138$1,788$1,633
17 years$3,326$2,784$2,318$1,921$1,585$1,438
18 years$3,108$2,572$2,116$1,731$1,409$1,270
19 years$2,914$2,384$1,937$1,564$1,256$1,124
20 years$2,739$2,215$1,778$1,417$1,122$997
21 years$2,581$2,063$1,635$1,286$1,004$886
22 years$2,438$1,926$1,507$1,169$900$788
23 years$2,307$1,801$1,391$1,065$808$702
24 years$2,188$1,688$1,287$971$726$626
25 years$2,078$1,584$1,192$887$654$559
26 years$1,977$1,489$1,105$811$589$500
27 years$1,883$1,401$1,026$742$531$447
28 years$1,796$1,320$954$680$479$400
29 years$1,716$1,245$888$624$432$359
30 years$1,641$1,176$827$572$391$322
31 years$1,571$1,112$771$526$353$288
32 years$1,505$1,052$719$483$320$259
33 years$1,443$996$672$444$289$232
34 years$1,386$944$628$409$262$209
35 years$1,331$896$587$376$237$187
36 years$1,280$850$549$346$215$168
37 years$1,232$807$514$319$195$151
38 years$1,186$767$481$294$177$136
39 years$1,143$730$451$271$160$122
40 years$1,102$694$423$250$145$110
41 years$1,063$661$396$231$132$99
42 years$1,026$629$372$213$120$89
43 years$991$600$349$197$108$80
44 years$958$572$327$182$98$72
45 years$926$545$307$168$89$65
46 years$895$520$289$155$81$58
47 years$866$496$271$143$74$53
48 years$839$474$255$132$67$47
49 years$812$452$240$122$61$43
50 years$787$432$225$113$55$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $806,000, adding $5,511 every year, while hoping to spend $39,675 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: 54/35/11 Blend
59$806,000$806,000$806,000$806,000
60$893,897$851,179$838,686$939,365
61$942,860$850,672$824,568$970,347
62$995,488$848,812$808,647$999,273
63$1,052,113$845,488$790,821$1,029,827
64$1,113,098$840,587$770,984$1,062,171
65$1,178,845$833,986$749,022$1,096,486
66$1,249,792$825,557$724,820$1,132,973
67$1,326,423$815,162$698,254$1,171,856
68$1,409,269$802,655$669,196$1,213,382
69$1,498,913$787,884$637,512$1,257,827
70$1,595,996$770,684$603,063$1,305,498
71$1,701,225$750,884$565,702$1,356,734
72$1,815,373$728,301$525,277$1,411,911
73$1,939,293$702,740$481,626$1,471,449
74$2,073,925$673,998$434,584$1,535,811
75$2,220,299$641,858$383,976$1,605,513
76$2,379,550$606,089$329,620$1,681,124
77$2,552,927$566,451$271,326$1,763,278
78$2,741,805$522,686$208,894$1,852,675
79$2,947,695$474,524$142,119$1,950,093
80$3,172,263$421,678$70,782$2,056,393
81$3,417,339$363,846$0$2,172,528
82$3,684,940$300,707$0$2,300,181
83$3,977,286$231,924$0$2,448,800
84$4,296,821$157,140$0$2,611,392
85$4,646,235$75,978$0$2,789,420
86$5,028,489$0$0$2,984,500
87$5,446,847$0$0$3,203,025
88$5,904,898$0$0$3,474,396
89$6,406,599$0$0$3,771,704
90$6,956,304$0$0$4,097,540
91$7,558,810$0$0$4,454,755
92$8,219,400$0$0$4,846,494
93$8,943,893$0$0$5,276,217
94$9,738,697$0$0$5,747,736
95$10,610,870$0$0$6,265,251
96$11,568,188$0$0$6,833,386
97$12,619,215$0$0$7,457,237
98$13,773,385$0$0$8,142,416
99$15,041,092$0$0$8,895,107
100$16,433,783$0$0$9,722,120