Can I retire at age 60 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$68,210$67,603$67,010$66,431$65,866$64,484
2 years$33,767$33,139$32,529$31,938$31,365$29,979
3 years$22,288$21,656$21,048$20,463$19,899$18,552
4 years$16,549$15,920$15,318$14,743$14,192$12,895
5 years$13,107$12,481$11,887$11,324$10,789$9,545
6 years$10,813$10,192$9,607$9,056$8,537$7,348
7 years$9,175$8,559$7,983$7,445$6,943$5,809
8 years$7,947$7,337$6,770$6,246$5,760$4,680
9 years$6,993$6,388$5,831$5,320$4,850$3,825
10 years$6,229$5,631$5,084$4,586$4,133$3,160
11 years$5,605$5,013$4,476$3,991$3,554$2,634
12 years$5,086$4,499$3,972$3,501$3,080$2,210
13 years$4,646$4,066$3,549$3,091$2,686$1,864
14 years$4,270$3,696$3,189$2,743$2,354$1,580
15 years$3,944$3,376$2,879$2,447$2,073$1,344
16 years$3,659$3,098$2,610$2,191$1,832$1,147
17 years$3,408$2,853$2,375$1,968$1,625$981
18 years$3,186$2,636$2,168$1,774$1,444$842
19 years$2,986$2,443$1,985$1,603$1,287$723
20 years$2,807$2,270$1,822$1,452$1,150$622
21 years$2,646$2,115$1,676$1,317$1,029$536
22 years$2,499$1,974$1,544$1,198$922$462
23 years$2,365$1,846$1,426$1,091$828$399
24 years$2,242$1,730$1,319$995$744$345
25 years$2,130$1,623$1,221$909$670$298
26 years$2,026$1,526$1,133$831$603$258
27 years$1,930$1,436$1,052$761$544$223
28 years$1,841$1,353$978$697$491$194
29 years$1,758$1,276$910$639$443$168
30 years$1,681$1,205$848$586$400$145
31 years$1,610$1,139$790$539$362$126
32 years$1,542$1,078$737$495$327$109
33 years$1,479$1,021$688$455$296$95
34 years$1,420$968$643$419$268$82
35 years$1,364$918$601$386$243$71
36 years$1,312$871$563$355$220$62
37 years$1,262$827$527$327$200$54
38 years$1,216$786$493$302$181$47
39 years$1,171$748$462$278$164$41
40 years$1,129$711$433$256$149$35
41 years$1,089$677$406$237$135$31
42 years$1,052$645$381$218$123$27
43 years$1,016$615$357$202$111$23
44 years$981$586$335$186$101$20
45 years$949$559$315$172$92$17
46 years$918$533$296$159$83$15
47 years$888$508$278$147$76$13
48 years$860$485$261$136$69$11
49 years$832$464$245$125$62$10
50 years$806$443$231$116$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $826,000, adding $2,141 every year, while hoping to spend $42,463 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: 84/11/5 Blend
59$826,000$826,000$826,000$826,000
60$912,460$868,682$855,879$988,906
61$960,351$866,068$839,371$1,036,478
62$1,011,703$861,901$820,887$1,082,710
63$1,066,826$856,063$800,315$1,132,135
64$1,126,056$848,424$777,540$1,185,046
65$1,189,766$838,850$752,439$1,241,764
66$1,258,364$827,194$724,887$1,302,644
67$1,332,296$813,306$694,750$1,368,075
68$1,412,055$797,023$661,889$1,438,489
69$1,498,181$778,174$626,159$1,514,357
70$1,591,269$756,577$587,409$1,596,201
71$1,691,969$732,041$545,478$1,684,594
72$1,801,001$704,362$500,202$1,780,169
73$1,919,152$673,324$451,408$1,883,622
74$2,047,290$638,701$398,914$1,995,720
75$2,186,367$600,252$342,532$2,117,308
76$2,337,434$557,721$282,064$2,249,319
77$2,501,643$510,841$217,304$2,392,779
78$2,680,264$459,325$148,037$2,548,818
79$2,874,693$402,874$74,039$2,718,682
80$3,086,467$341,170$0$2,903,747
81$3,317,276$273,877$0$3,105,789
82$3,568,981$200,640$0$3,330,445
83$3,843,631$121,085$0$3,575,615
84$4,143,479$34,816$0$3,843,340
85$4,471,007$0$0$4,135,868
86$4,828,947$0$0$4,462,769
87$5,220,307$0$0$4,824,813
88$5,648,398$0$0$5,220,852
89$6,116,867$0$0$5,654,259
90$6,629,727$0$0$6,128,752
91$7,191,401$0$0$6,648,422
92$7,806,757$0$0$7,217,777
93$8,481,158$0$0$7,841,779
94$9,220,507$0$0$8,525,895
95$10,031,310$0$0$9,276,144
96$10,920,729$0$0$10,099,159
97$11,896,656$0$0$11,002,241
98$12,967,780$0$0$11,993,436
99$14,143,675$0$0$13,081,606
100$15,434,887$0$0$14,276,511