Can I retire at age 60 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$66,641$66,048$65,469$64,903$64,351$63,285
2 years$32,991$32,376$31,781$31,203$30,643$29,573
3 years$21,775$21,158$20,564$19,992$19,441$18,399
4 years$16,169$15,554$14,966$14,403$13,866$12,860
5 years$12,806$12,194$11,614$11,063$10,541$9,574
6 years$10,564$9,957$9,386$8,847$8,340$7,414
7 years$8,964$8,362$7,800$7,274$6,783$5,898
8 years$7,764$7,168$6,615$6,102$5,627$4,782
9 years$6,832$6,241$5,697$5,197$4,739$3,934
10 years$6,086$5,501$4,967$4,480$4,038$3,273
11 years$5,476$4,897$4,373$3,899$3,473$2,746
12 years$4,969$4,396$3,881$3,420$3,009$2,321
13 years$4,539$3,972$3,467$3,019$2,624$1,972
14 years$4,172$3,611$3,115$2,680$2,300$1,684
15 years$3,854$3,298$2,813$2,390$2,025$1,443
16 years$3,575$3,026$2,550$2,140$1,790$1,241
17 years$3,330$2,787$2,321$1,923$1,587$1,070
18 years$3,112$2,575$2,118$1,733$1,411$925
19 years$2,918$2,387$1,939$1,566$1,258$801
20 years$2,743$2,218$1,780$1,418$1,124$695
21 years$2,585$2,066$1,637$1,287$1,005$604
22 years$2,441$1,929$1,509$1,170$901$525
23 years$2,310$1,804$1,393$1,066$809$458
24 years$2,191$1,690$1,288$972$727$399
25 years$2,081$1,586$1,193$888$654$348
26 years$1,979$1,491$1,107$812$589$304
27 years$1,885$1,403$1,028$743$531$265
28 years$1,799$1,322$955$681$479$232
29 years$1,718$1,247$889$624$433$203
30 years$1,643$1,178$828$573$391$177
31 years$1,572$1,113$772$526$354$155
32 years$1,507$1,053$720$484$320$136
33 years$1,445$998$673$445$290$119
34 years$1,387$945$628$409$262$104
35 years$1,333$897$588$377$237$91
36 years$1,282$851$550$347$215$80
37 years$1,233$808$514$320$195$70
38 years$1,188$768$482$295$177$61
39 years$1,144$731$451$272$160$54
40 years$1,103$695$423$251$145$47
41 years$1,064$662$397$231$132$41
42 years$1,027$630$372$213$120$36
43 years$992$600$349$197$109$32
44 years$959$572$328$182$99$28
45 years$927$546$308$168$90$24
46 years$897$521$289$155$81$21
47 years$868$497$272$143$74$19
48 years$840$474$255$132$67$16
49 years$813$453$240$122$61$14
50 years$788$433$225$113$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $807,000, adding $3,825 every year, while hoping to spend $35,221 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: 71/9/20 Blend
59$807,000$807,000$807,000$807,000
60$893,259$850,488$837,980$952,080
61$946,897$854,688$828,577$995,960
62$1,004,825$857,912$817,679$1,039,434
63$1,067,444$860,077$805,199$1,086,155
64$1,135,195$861,091$791,044$1,136,439
65$1,208,560$860,860$775,119$1,190,636
66$1,288,072$859,282$757,325$1,249,133
67$1,374,316$856,247$737,556$1,312,354
68$1,467,935$851,642$715,703$1,380,771
69$1,569,637$845,344$691,651$1,454,900
70$1,680,199$837,225$665,280$1,535,315
71$1,800,478$827,148$636,466$1,622,647
72$1,931,416$814,967$605,077$1,717,592
73$2,074,049$800,529$570,975$1,820,917
74$2,229,517$783,671$534,019$1,933,472
75$2,399,077$764,220$494,057$2,056,190
76$2,584,110$741,994$450,935$2,190,104
77$2,786,137$716,799$404,489$2,336,351
78$3,006,831$688,430$354,547$2,496,188
79$3,248,036$656,671$300,933$2,670,998
80$3,511,781$621,294$243,460$2,862,310
81$3,800,300$582,054$181,933$3,071,808
82$4,116,053$538,697$116,150$3,301,352
83$4,461,748$490,952$45,899$3,552,992
84$4,840,369$438,531$0$3,828,989
85$5,255,201$381,133$0$4,138,040
86$5,709,860$318,437$0$4,487,550
87$6,208,331$250,106$0$4,870,797
88$6,755,002$175,783$0$5,291,181
89$7,354,707$95,091$0$5,752,448
90$8,012,768$7,631$0$6,258,725
91$8,735,050$0$0$6,814,559
92$9,528,012$0$0$7,433,581
93$10,398,768$0$0$8,114,207
94$11,355,157$0$0$8,861,811
95$12,405,812$0$0$9,683,150
96$13,560,246$0$0$10,585,665
97$14,828,936$0$0$11,577,553
98$16,223,428$0$0$12,667,847
99$17,756,439$0$0$13,866,497
100$19,441,981$0$0$15,184,464