Can I retire at age 60 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$67,963$67,357$66,767$66,190$65,627$64,673
2 years$33,645$33,018$32,411$31,822$31,251$30,292
3 years$22,207$21,578$20,972$20,389$19,827$18,892
4 years$16,489$15,862$15,262$14,689$14,141$13,238
5 years$13,060$12,436$11,844$11,283$10,750$9,881
6 years$10,774$10,155$9,572$9,023$8,506$7,673
7 years$9,142$8,528$7,954$7,418$6,917$6,121
8 years$7,918$7,310$6,746$6,223$5,739$4,978
9 years$6,967$6,365$5,810$5,300$4,833$4,107
10 years$6,207$5,610$5,065$4,569$4,118$3,427
11 years$5,585$4,994$4,460$3,976$3,541$2,885
12 years$5,067$4,483$3,958$3,488$3,069$2,445
13 years$4,629$4,051$3,536$3,079$2,676$2,085
14 years$4,255$3,682$3,177$2,733$2,346$1,786
15 years$3,930$3,364$2,868$2,438$2,066$1,536
16 years$3,646$3,086$2,601$2,183$1,826$1,326
17 years$3,396$2,842$2,367$1,961$1,619$1,148
18 years$3,174$2,626$2,160$1,767$1,439$995
19 years$2,976$2,434$1,978$1,597$1,283$865
20 years$2,797$2,262$1,815$1,446$1,146$754
21 years$2,636$2,107$1,669$1,313$1,025$657
22 years$2,490$1,967$1,539$1,194$919$574
23 years$2,356$1,839$1,421$1,087$825$502
24 years$2,234$1,723$1,314$991$742$439
25 years$2,122$1,617$1,217$905$667$384
26 years$2,018$1,520$1,129$828$601$337
27 years$1,923$1,431$1,048$758$542$296
28 years$1,834$1,348$974$694$489$259
29 years$1,752$1,272$907$637$442$228
30 years$1,675$1,201$845$584$399$200
31 years$1,604$1,135$787$537$361$176
32 years$1,537$1,074$735$493$326$154
33 years$1,474$1,017$686$454$295$136
34 years$1,415$964$641$417$267$119
35 years$1,359$915$599$384$242$105
36 years$1,307$868$560$354$219$92
37 years$1,258$824$525$326$199$81
38 years$1,211$783$491$300$180$72
39 years$1,167$745$460$277$163$63
40 years$1,125$709$431$256$148$55
41 years$1,085$675$405$236$135$49
42 years$1,048$643$379$218$122$43
43 years$1,012$612$356$201$111$38
44 years$978$584$334$185$101$33
45 years$945$557$314$171$91$29
46 years$914$531$295$158$83$26
47 years$885$507$277$146$75$23
48 years$856$484$260$135$68$20
49 years$829$462$245$125$62$18
50 years$804$441$230$115$56$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $823,000, adding $6,644 every year, while hoping to spend $39,268 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: 63/25/12 Blend
59$823,000$823,000$823,000$823,000
60$913,799$870,180$857,424$968,405
61$965,226$871,038$844,367$1,006,631
62$1,020,582$870,622$829,556$1,043,222
63$1,080,227$868,828$812,892$1,082,203
64$1,144,555$865,546$794,269$1,123,806
65$1,214,001$860,658$773,577$1,168,288
66$1,289,040$854,042$750,703$1,215,932
67$1,370,196$845,564$725,526$1,267,053
68$1,458,044$835,085$697,919$1,321,999
69$1,553,218$822,458$667,753$1,381,154
70$1,656,413$807,525$634,890$1,444,942
71$1,768,394$790,120$599,185$1,513,834
72$1,890,003$770,069$560,490$1,588,348
73$2,022,164$747,183$518,648$1,669,061
74$2,165,897$721,267$473,494$1,756,606
75$2,322,320$692,111$424,858$1,851,685
76$2,492,667$659,494$372,561$1,955,074
77$2,678,294$623,184$316,417$2,067,631
78$2,880,692$582,933$256,230$2,190,302
79$3,101,506$538,480$191,796$2,324,135
80$3,342,543$489,548$122,905$2,470,286
81$3,605,793$435,847$49,333$2,630,033
82$3,893,447$377,067$0$2,804,788
83$4,207,918$312,882$0$2,999,847
84$4,551,861$242,949$0$3,220,180
85$4,928,200$166,902$0$3,461,397
86$5,340,155$84,360$0$3,725,634
87$5,791,272$0$0$4,015,245
88$6,285,455$0$0$4,334,228
89$6,827,005$0$0$4,709,275
90$7,420,656$0$0$5,120,464
91$8,071,624$0$0$5,571,416
92$8,785,654$0$0$6,066,118
93$9,569,073$0$0$6,608,962
94$10,428,850$0$0$7,204,785
95$11,372,662$0$0$7,858,916
96$12,408,964$0$0$8,577,225
97$13,547,073$0$0$9,366,177
98$14,797,250$0$0$10,232,895
99$16,170,798$0$0$11,185,227
100$17,680,171$0$0$12,231,817