Can I retire at age 60 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$68,375$67,766$67,172$66,592$66,026$64,351
2 years$33,849$33,219$32,608$32,015$31,441$29,765
3 years$22,342$21,709$21,099$20,513$19,947$18,322
4 years$16,590$15,958$15,355$14,778$14,227$12,665
5 years$13,139$12,512$11,916$11,351$10,815$9,320
6 years$10,839$10,217$9,630$9,078$8,557$7,132
7 years$9,197$8,580$8,003$7,463$6,959$5,603
8 years$7,966$7,355$6,787$6,261$5,774$4,486
9 years$7,010$6,403$5,845$5,333$4,862$3,642
10 years$6,244$5,644$5,096$4,597$4,143$2,989
11 years$5,619$5,025$4,487$4,001$3,563$2,473
12 years$5,098$4,510$3,982$3,509$3,088$2,060
13 years$4,658$4,076$3,557$3,098$2,692$1,725
14 years$4,280$3,705$3,196$2,750$2,360$1,451
15 years$3,954$3,384$2,886$2,453$2,078$1,225
16 years$3,668$3,105$2,617$2,196$1,837$1,037
17 years$3,417$2,860$2,381$1,973$1,628$881
18 years$3,193$2,642$2,173$1,778$1,448$749
19 years$2,994$2,449$1,990$1,607$1,291$638
20 years$2,814$2,276$1,826$1,455$1,153$545
21 years$2,652$2,120$1,680$1,321$1,032$465
22 years$2,505$1,979$1,548$1,201$925$398
23 years$2,370$1,851$1,429$1,094$830$341
24 years$2,248$1,734$1,322$997$746$292
25 years$2,135$1,627$1,224$911$671$250
26 years$2,031$1,529$1,136$833$605$215
27 years$1,935$1,439$1,054$762$545$184
28 years$1,845$1,356$980$698$492$158
29 years$1,763$1,279$912$641$444$136
30 years$1,685$1,208$850$588$401$117
31 years$1,613$1,142$792$540$363$100
32 years$1,546$1,081$739$496$328$86
33 years$1,483$1,024$690$456$297$74
34 years$1,423$970$645$420$269$64
35 years$1,368$920$603$386$244$55
36 years$1,315$873$564$356$221$47
37 years$1,265$829$528$328$200$40
38 years$1,218$788$494$302$181$35
39 years$1,174$750$463$279$164$30
40 years$1,132$713$434$257$149$26
41 years$1,092$679$407$237$135$22
42 years$1,054$647$382$219$123$19
43 years$1,018$616$358$202$111$16
44 years$984$587$336$187$101$14
45 years$951$560$316$172$92$12
46 years$920$534$297$159$83$10
47 years$890$510$279$147$76$9
48 years$862$487$262$136$69$8
49 years$834$465$246$126$62$7
50 years$808$444$231$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $828,000, adding $2,409 every year, while hoping to spend $50,667 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: 45/37/18 Blend
59$828,000$828,000$828,000$828,000
60$914,941$871,057$858,223$951,284
61$954,356$859,829$833,064$965,742
62$996,092$846,354$805,364$976,175
63$1,040,335$830,466$774,985$986,420
64$1,087,283$811,993$741,781$996,481
65$1,137,156$790,751$705,601$1,006,369
66$1,190,194$766,546$666,287$1,016,096
67$1,246,659$739,171$623,672$1,025,684
68$1,306,838$708,410$577,585$1,035,157
69$1,371,045$674,032$527,843$1,044,548
70$1,439,625$635,793$474,260$1,053,900
71$1,512,955$593,435$416,636$1,063,261
72$1,591,449$546,686$354,766$1,072,694
73$1,675,561$495,258$288,435$1,082,272
74$1,765,788$438,846$217,417$1,092,082
75$1,862,678$377,128$141,480$1,102,227
76$1,966,828$309,765$60,377$1,112,825
77$2,078,899$236,397$0$1,124,018
78$2,199,610$156,645$0$1,140,993
79$2,329,758$70,108$0$1,171,612
80$2,470,213$0$0$1,204,534
81$2,621,933$0$0$1,249,685
82$2,785,971$0$0$1,329,439
83$2,963,483$0$0$1,415,826
84$3,155,743$0$0$1,509,474
85$3,364,147$0$0$1,611,074
86$3,590,233$0$0$1,721,389
87$3,835,694$0$0$1,841,254
88$4,102,388$0$0$1,971,590
89$4,392,361$0$0$2,113,410
90$4,707,865$0$0$2,267,828
91$5,051,376$0$0$2,436,071
92$5,425,619$0$0$2,619,488
93$5,833,594$0$0$2,819,564
94$6,278,601$0$0$3,037,933
95$6,764,273$0$0$3,276,396
96$7,294,609$0$0$3,536,932
97$7,874,011$0$0$3,821,723
98$8,507,326$0$0$4,133,170
99$9,199,890$0$0$4,473,915
100$9,957,576$0$0$4,846,870