Can I retire at age 60 with 820,000?

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 $820,000?

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%
1 years$67,715$67,112$66,523$65,949$65,388$64,278
2 years$33,522$32,898$32,293$31,706$31,137$30,023
3 years$22,126$21,499$20,896$20,314$19,755$18,670
4 years$16,429$15,804$15,207$14,635$14,089$13,043
5 years$13,012$12,391$11,801$11,241$10,710$9,705
6 years$10,735$10,118$9,537$8,990$8,475$7,512
7 years$9,108$8,497$7,925$7,391$6,892$5,972
8 years$7,889$7,283$6,721$6,200$5,718$4,840
9 years$6,942$6,342$5,789$5,281$4,815$3,979
10 years$6,184$5,590$5,047$4,552$4,103$3,308
11 years$5,565$4,976$4,443$3,962$3,529$2,774
12 years$5,049$4,466$3,943$3,475$3,058$2,343
13 years$4,613$4,036$3,523$3,068$2,666$1,990
14 years$4,239$3,669$3,165$2,723$2,337$1,698
15 years$3,916$3,352$2,858$2,429$2,058$1,454
16 years$3,633$3,075$2,591$2,175$1,819$1,250
17 years$3,384$2,832$2,358$1,954$1,613$1,077
18 years$3,162$2,617$2,152$1,761$1,434$930
19 years$2,965$2,425$1,970$1,591$1,278$805
20 years$2,787$2,254$1,808$1,441$1,142$698
21 years$2,626$2,099$1,663$1,308$1,022$606
22 years$2,480$1,960$1,533$1,189$916$527
23 years$2,348$1,833$1,416$1,083$822$458
24 years$2,226$1,717$1,309$988$739$399
25 years$2,114$1,611$1,212$902$665$348
26 years$2,011$1,515$1,125$825$599$304
27 years$1,916$1,425$1,044$755$540$265
28 years$1,828$1,343$971$692$487$231
29 years$1,746$1,267$903$634$440$202
30 years$1,669$1,197$841$582$398$177
31 years$1,598$1,131$784$535$359$154
32 years$1,531$1,070$732$491$325$135
33 years$1,468$1,014$683$452$294$118
34 years$1,410$961$639$416$266$103
35 years$1,354$911$597$383$241$90
36 years$1,302$865$558$352$219$79
37 years$1,253$821$523$325$198$69
38 years$1,207$781$489$299$180$61
39 years$1,163$742$459$276$163$53
40 years$1,121$706$430$255$148$47
41 years$1,082$672$403$235$134$41
42 years$1,044$640$378$217$122$36
43 years$1,008$610$355$200$110$31
44 years$974$581$333$185$100$27
45 years$942$555$313$171$91$24
46 years$911$529$294$158$83$21
47 years$882$505$276$146$75$18
48 years$853$482$259$135$68$16
49 years$826$460$244$124$62$14
50 years$801$440$229$115$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $820,000, adding $2,510 every year, while hoping to spend $40,009 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: 83/10/7 Blend
59$820,000$820,000$820,000$820,000
60$906,229$862,769$850,059$980,656
61$956,095$862,475$835,967$1,029,366
62$1,009,707$860,827$820,061$1,077,202
63$1,067,403$857,714$802,240$1,128,486
64$1,129,558$853,022$782,395$1,183,540
65$1,196,582$846,628$760,414$1,242,718
66$1,268,923$838,403$736,178$1,306,409
67$1,347,078$828,209$709,564$1,375,043
68$1,431,589$815,900$680,443$1,449,092
69$1,523,054$801,322$648,681$1,529,078
70$1,622,130$784,312$614,137$1,615,573
71$1,729,539$764,695$576,662$1,709,210
72$1,846,075$742,288$536,103$1,810,684
73$1,972,612$716,897$492,300$1,920,763
74$2,110,110$688,317$445,084$2,040,292
75$2,259,626$656,329$394,279$2,170,202
76$2,422,323$620,704$339,702$2,311,519
77$2,599,479$581,199$281,162$2,465,374
78$2,792,503$537,554$218,458$2,633,013
79$3,002,944$489,500$151,381$2,815,810
80$3,232,506$436,747$79,715$3,015,278
81$3,483,066$378,992$3,230$3,233,086
82$3,756,690$315,914$0$3,471,072
83$4,055,651$247,173$0$3,737,118
84$4,382,454$172,411$0$4,028,241
85$4,739,854$91,249$0$4,346,680
86$5,130,886$3,287$0$4,695,169
87$5,558,892$0$0$5,076,721
88$6,027,551$0$0$5,504,767
89$6,540,915$0$0$5,974,056
90$7,103,447$0$0$6,488,309
91$7,720,061$0$0$7,052,020
92$8,396,170$0$0$7,670,139
93$9,137,734$0$0$8,348,119
94$9,951,320$0$0$9,091,965
95$10,844,161$0$0$9,908,292
96$11,824,222$0$0$10,804,387
97$12,900,280$0$0$11,788,274
98$14,081,999$0$0$12,868,796
99$15,380,030$0$0$14,055,693
100$16,806,102$0$0$15,359,692