Can I retire at age 60 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$68,128$67,521$66,929$66,351$65,787$64,617
2 years$33,727$33,098$32,490$31,899$31,327$30,153
3 years$22,261$21,630$21,023$20,438$19,875$18,733
4 years$16,529$15,900$15,299$14,725$14,175$13,073
5 years$13,091$12,466$11,873$11,310$10,776$9,718
6 years$10,800$10,180$9,595$9,045$8,526$7,513
7 years$9,164$8,549$7,974$7,436$6,934$5,966
8 years$7,938$7,328$6,762$6,238$5,753$4,830
9 years$6,984$6,380$5,824$5,313$4,845$3,966
10 years$6,222$5,624$5,078$4,580$4,128$3,293
11 years$5,599$5,007$4,470$3,986$3,550$2,758
12 years$5,080$4,494$3,967$3,496$3,076$2,326
13 years$4,641$4,061$3,545$3,087$2,683$1,973
14 years$4,265$3,691$3,185$2,740$2,352$1,681
15 years$3,940$3,372$2,875$2,444$2,071$1,438
16 years$3,655$3,094$2,607$2,188$1,830$1,234
17 years$3,404$2,849$2,372$1,966$1,623$1,062
18 years$3,182$2,633$2,166$1,772$1,443$916
19 years$2,983$2,440$1,982$1,601$1,286$792
20 years$2,804$2,267$1,819$1,450$1,149$685
21 years$2,642$2,112$1,674$1,316$1,028$594
22 years$2,496$1,972$1,542$1,196$921$516
23 years$2,362$1,844$1,424$1,090$827$448
24 years$2,239$1,728$1,317$994$743$389
25 years$2,127$1,621$1,220$908$669$339
26 years$2,023$1,524$1,131$830$603$295
27 years$1,928$1,434$1,051$760$543$257
28 years$1,839$1,351$977$696$490$224
29 years$1,756$1,275$909$638$443$196
30 years$1,679$1,204$847$586$400$171
31 years$1,608$1,138$789$538$362$149
32 years$1,540$1,077$736$494$327$130
33 years$1,477$1,020$688$455$296$114
34 years$1,418$967$642$418$268$99
35 years$1,363$917$601$385$243$87
36 years$1,310$870$562$355$220$76
37 years$1,261$826$526$327$199$66
38 years$1,214$785$492$301$181$58
39 years$1,170$747$461$278$164$51
40 years$1,128$711$432$256$149$44
41 years$1,088$676$406$236$135$39
42 years$1,050$644$380$218$122$34
43 years$1,014$614$357$201$111$30
44 years$980$585$335$186$101$26
45 years$948$558$315$172$92$23
46 years$917$532$295$159$83$20
47 years$887$508$278$147$75$17
48 years$859$485$261$135$69$15
49 years$831$463$245$125$62$13
50 years$805$442$231$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $825,000, adding $3,276 every year, while hoping to spend $39,782 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: 68/5/27 Blend
59$825,000$825,000$825,000$825,000
60$912,529$868,804$856,017$967,976
61$963,279$869,048$842,366$1,005,905
62$1,017,873$867,970$826,924$1,042,557
63$1,076,660$865,464$809,589$1,081,752
64$1,140,024$861,417$790,255$1,123,742
65$1,208,388$855,708$768,811$1,168,807
66$1,282,216$848,210$745,138$1,217,253
67$1,362,017$838,787$719,115$1,269,423
68$1,448,352$827,297$690,615$1,325,693
69$1,541,836$813,587$659,503$1,386,480
70$1,643,147$797,497$625,640$1,452,244
71$1,753,029$778,856$588,880$1,523,492
72$1,872,302$757,483$549,071$1,600,787
73$2,001,864$733,187$506,052$1,684,749
74$2,142,707$705,766$459,658$1,776,064
75$2,295,921$675,006$409,715$1,875,488
76$2,462,704$640,681$356,040$1,983,857
77$2,644,377$602,551$298,443$2,102,094
78$2,842,389$560,362$236,727$2,231,220
79$3,058,340$513,847$170,685$2,372,359
80$3,293,988$462,723$100,100$2,526,755
81$3,551,269$406,690$24,747$2,695,779
82$3,832,313$345,432$0$2,880,946
83$4,139,465$278,615$0$3,099,966
84$4,475,310$205,887$0$3,347,297
85$4,842,690$126,873$0$3,617,914
86$5,244,736$41,182$0$3,914,140
87$5,684,895$0$0$4,238,537
88$6,166,964$0$0$4,596,766
89$6,695,124$0$0$4,991,776
90$7,273,979$0$0$5,424,751
91$7,908,600$0$0$5,899,488
92$8,604,571$0$0$6,420,174
93$9,368,044$0$0$6,991,416
94$10,205,794$0$0$7,618,291
95$11,125,285$0$0$8,306,390
96$12,134,736$0$0$9,061,873
97$13,243,203$0$0$9,891,525
98$14,460,661$0$0$10,802,819
99$15,798,100$0$0$11,803,989
100$17,267,625$0$0$12,904,106