Can I retire at age 60 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$67,054$66,457$65,874$65,305$64,750$63,082
2 years$33,195$32,577$31,978$31,397$30,833$29,164
3 years$21,910$21,289$20,692$20,116$19,562$17,944
4 years$16,269$15,650$15,058$14,493$13,952$12,397
5 years$12,885$12,270$11,686$11,132$10,606$9,119
6 years$10,630$10,019$9,444$8,902$8,392$6,974
7 years$9,020$8,414$7,848$7,319$6,825$5,476
8 years$7,812$7,212$6,656$6,140$5,662$4,381
9 years$6,874$6,280$5,733$5,230$4,768$3,555
10 years$6,124$5,535$4,998$4,508$4,063$2,915
11 years$5,510$4,928$4,400$3,923$3,494$2,411
12 years$5,000$4,423$3,905$3,441$3,028$2,007
13 years$4,568$3,997$3,489$3,038$2,640$1,680
14 years$4,198$3,633$3,135$2,697$2,315$1,412
15 years$3,877$3,319$2,830$2,405$2,038$1,191
16 years$3,597$3,045$2,566$2,154$1,801$1,008
17 years$3,351$2,804$2,335$1,935$1,597$855
18 years$3,132$2,591$2,131$1,744$1,420$727
19 years$2,936$2,402$1,951$1,576$1,266$619
20 years$2,760$2,232$1,791$1,427$1,131$528
21 years$2,601$2,079$1,647$1,295$1,012$450
22 years$2,456$1,940$1,518$1,178$907$385
23 years$2,325$1,815$1,402$1,072$814$329
24 years$2,204$1,700$1,296$978$732$282
25 years$2,093$1,596$1,201$893$658$241
26 years$1,991$1,500$1,114$817$593$207
27 years$1,897$1,411$1,034$748$535$177
28 years$1,810$1,330$961$685$482$152
29 years$1,729$1,255$895$628$436$131
30 years$1,653$1,185$833$576$394$112
31 years$1,582$1,120$777$529$356$96
32 years$1,516$1,060$725$487$322$83
33 years$1,454$1,004$677$447$291$71
34 years$1,396$951$632$412$264$61
35 years$1,341$902$591$379$239$52
36 years$1,290$856$553$349$216$45
37 years$1,241$813$518$322$196$39
38 years$1,195$773$485$296$178$33
39 years$1,151$735$454$273$161$29
40 years$1,110$699$426$252$146$25
41 years$1,071$666$399$233$133$21
42 years$1,034$634$374$215$120$18
43 years$998$604$351$198$109$16
44 years$965$576$330$183$99$13
45 years$933$549$310$169$90$12
46 years$902$524$291$156$82$10
47 years$873$500$273$144$74$9
48 years$845$477$257$133$67$7
49 years$818$456$241$123$61$6
50 years$793$435$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $812,000, adding $3,140 every year, while hoping to spend $20,702 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: 35/50/15 Blend
59$812,000$812,000$812,000$812,000
60$898,063$855,027$842,441$925,233
61$967,639$874,896$848,636$965,098
62$1,043,617$895,046$854,345$1,005,901
63$1,126,630$915,467$859,529$1,049,480
64$1,217,371$936,150$864,149$1,096,092
65$1,316,607$957,085$868,161$1,146,020
66$1,425,180$978,261$871,523$1,199,575
67$1,544,016$999,664$874,188$1,257,102
68$1,674,138$1,021,280$876,105$1,318,980
69$1,816,671$1,043,093$877,225$1,385,625
70$1,972,852$1,065,086$877,493$1,457,499
71$2,144,047$1,087,239$876,853$1,535,109
72$2,331,758$1,109,532$875,246$1,619,014
73$2,537,639$1,131,940$872,608$1,709,831
74$2,763,513$1,154,441$868,876$1,808,239
75$3,011,389$1,177,005$863,980$1,914,988
76$3,283,476$1,199,604$857,849$2,030,905
77$3,582,211$1,222,205$850,408$2,156,900
78$3,910,278$1,244,775$841,578$2,293,978
79$4,270,632$1,267,274$831,276$2,443,248
80$4,666,530$1,289,664$819,417$2,605,929
81$5,101,558$1,311,900$805,910$2,783,370
82$5,579,669$1,333,935$790,660$2,977,055
83$6,105,217$1,355,719$773,568$3,188,622
84$6,682,997$1,377,198$754,532$3,419,876
85$7,318,296$1,398,313$733,441$3,672,808
86$8,016,934$1,419,003$710,183$3,949,614
87$8,785,327$1,439,199$684,640$4,252,715
88$9,630,541$1,458,831$656,687$4,584,779
89$10,560,365$1,477,823$626,194$4,948,750
90$11,583,377$1,496,091$593,027$5,347,874
91$12,709,031$1,513,549$557,043$5,785,728
92$13,947,742$1,530,103$518,094$6,266,258
93$15,310,988$1,545,653$476,025$6,793,815
94$16,811,412$1,560,094$430,676$7,373,194
95$18,462,949$1,573,311$381,876$8,009,685
96$20,280,950$1,585,184$329,450$8,709,119
97$22,282,334$1,595,585$273,213$9,477,923
98$24,485,740$1,604,376$212,973$10,323,187
99$26,911,707$1,611,412$148,530$11,252,726
100$29,582,868$1,616,539$79,672$12,275,153