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%19.9%
1 years$68,128$67,521$66,929$66,351$65,787$63,176
2 years$33,727$33,098$32,490$31,899$31,327$28,730
3 years$22,261$21,630$21,023$20,438$19,875$17,372
4 years$16,529$15,900$15,299$14,725$14,175$11,786
5 years$13,091$12,466$11,873$11,310$10,776$8,506
6 years$10,800$10,180$9,595$9,045$8,526$6,378
7 years$9,164$8,549$7,974$7,436$6,934$4,907
8 years$7,938$7,328$6,762$6,238$5,753$3,843
9 years$6,984$6,380$5,824$5,313$4,845$3,051
10 years$6,222$5,624$5,078$4,580$4,128$2,446
11 years$5,599$5,007$4,470$3,986$3,550$1,976
12 years$5,080$4,494$3,967$3,496$3,076$1,606
13 years$4,641$4,061$3,545$3,087$2,683$1,312
14 years$4,265$3,691$3,185$2,740$2,352$1,075
15 years$3,940$3,372$2,875$2,444$2,071$884
16 years$3,655$3,094$2,607$2,188$1,830$729
17 years$3,404$2,849$2,372$1,966$1,623$602
18 years$3,182$2,633$2,166$1,772$1,443$498
19 years$2,983$2,440$1,982$1,601$1,286$413
20 years$2,804$2,267$1,819$1,450$1,149$343
21 years$2,642$2,112$1,674$1,316$1,028$284
22 years$2,496$1,972$1,542$1,196$921$236
23 years$2,362$1,844$1,424$1,090$827$196
24 years$2,239$1,728$1,317$994$743$163
25 years$2,127$1,621$1,220$908$669$136
26 years$2,023$1,524$1,131$830$603$113
27 years$1,928$1,434$1,051$760$543$94
28 years$1,839$1,351$977$696$490$79
29 years$1,756$1,275$909$638$443$65
30 years$1,679$1,204$847$586$400$55
31 years$1,608$1,138$789$538$362$45
32 years$1,540$1,077$736$494$327$38
33 years$1,477$1,020$688$455$296$32
34 years$1,418$967$642$418$268$26
35 years$1,363$917$601$385$243$22
36 years$1,310$870$562$355$220$18
37 years$1,261$826$526$327$199$15
38 years$1,214$785$492$301$181$13
39 years$1,170$747$461$278$164$11
40 years$1,128$711$432$256$149$9
41 years$1,088$676$406$236$135$7
42 years$1,050$644$380$218$122$6
43 years$1,014$614$357$201$111$5
44 years$980$585$335$186$101$4
45 years$948$558$315$172$92$4
46 years$917$532$295$159$83$3
47 years$887$508$278$147$75$2
48 years$859$485$261$135$69$2
49 years$831$463$245$125$62$2
50 years$805$442$231$116$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $825,000, adding $3,162 every year, while hoping to spend $55,244 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: 21/49/30 Blend
59$825,000$825,000$825,000$825,000
60$912,412$868,687$855,899$922,854
61$946,698$852,473$825,793$916,563
62$982,631$833,614$792,826$905,066
63$1,020,319$811,920$756,845$891,587
64$1,059,881$787,193$717,689$876,001
65$1,101,446$759,223$675,188$858,179
66$1,145,154$727,786$629,168$837,983
67$1,191,159$692,647$579,445$815,270
68$1,239,626$653,555$525,825$789,892
69$1,290,736$610,248$468,108$761,692
70$1,344,687$562,446$406,085$730,508
71$1,401,693$509,853$339,537$696,170
72$1,461,988$452,159$268,234$658,500
73$1,525,830$389,033$191,939$617,317
74$1,593,496$320,128$110,401$572,426
75$1,665,294$245,076$23,361$523,631
76$1,741,557$163,487$0$470,724
77$1,822,651$74,953$0$435,747
78$1,908,975$0$0$405,649
79$2,000,967$0$0$384,112
80$2,099,106$0$0$404,337
81$2,203,918$0$0$426,027
82$2,315,978$0$0$449,314
83$2,435,916$0$0$474,341
84$2,564,425$0$0$501,265
85$2,702,264$0$0$530,259
86$2,850,264$0$0$561,514
87$3,009,340$0$0$595,237
88$3,180,495$0$0$631,659
89$3,364,830$0$0$671,030
90$3,563,555$0$0$713,627
91$3,777,998$0$0$759,756
92$4,009,620$0$0$809,749
93$4,260,025$0$0$863,976
94$4,530,976$0$0$922,840
95$4,824,411$0$0$986,787
96$5,142,462$0$0$1,056,306
97$5,487,472$0$0$1,131,934
98$5,862,018$0$0$1,214,265
99$6,268,934$0$0$1,303,951
100$6,711,339$0$0$1,401,708