Can I retire at age 60 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$68,458$67,848$67,253$66,673$66,106$63,558
2 years$33,890$33,259$32,647$32,054$31,479$28,943
3 years$22,369$21,735$21,125$20,537$19,971$17,526
4 years$16,610$15,978$15,374$14,796$14,244$11,909
5 years$13,155$12,527$11,930$11,365$10,828$8,608
6 years$10,852$10,229$9,642$9,089$8,568$6,465
7 years$9,208$8,590$8,012$7,472$6,968$4,982
8 years$7,976$7,363$6,795$6,268$5,781$3,909
9 years$7,018$6,411$5,853$5,339$4,868$3,109
10 years$6,252$5,651$5,102$4,602$4,148$2,497
11 years$5,626$5,031$4,492$4,005$3,567$2,022
12 years$5,104$4,515$3,987$3,513$3,091$1,647
13 years$4,663$4,081$3,562$3,102$2,696$1,347
14 years$4,286$3,709$3,200$2,753$2,363$1,107
15 years$3,959$3,388$2,889$2,456$2,081$912
16 years$3,673$3,109$2,620$2,199$1,839$754
17 years$3,421$2,863$2,384$1,975$1,630$624
18 years$3,197$2,646$2,176$1,780$1,450$518
19 years$2,997$2,452$1,992$1,609$1,292$430
20 years$2,818$2,278$1,828$1,457$1,154$357
21 years$2,655$2,122$1,682$1,322$1,033$297
22 years$2,508$1,981$1,550$1,202$926$248
23 years$2,373$1,853$1,431$1,095$831$206
24 years$2,250$1,736$1,323$999$747$172
25 years$2,137$1,629$1,226$912$672$144
26 years$2,033$1,531$1,137$834$605$120
27 years$1,937$1,441$1,056$763$546$100
28 years$1,848$1,358$981$699$493$84
29 years$1,765$1,281$913$641$445$70
30 years$1,687$1,210$851$589$402$58
31 years$1,615$1,144$793$541$363$49
32 years$1,548$1,082$740$497$329$41
33 years$1,485$1,025$691$457$297$34
34 years$1,425$971$646$420$269$28
35 years$1,369$921$604$387$244$24
36 years$1,317$874$565$356$221$20
37 years$1,267$830$528$328$200$17
38 years$1,220$789$495$303$182$14
39 years$1,176$750$464$279$165$12
40 years$1,133$714$435$257$149$10
41 years$1,093$680$407$237$136$8
42 years$1,055$647$382$219$123$7
43 years$1,019$617$359$202$112$6
44 years$985$588$337$187$101$5
45 years$952$561$316$173$92$4
46 years$921$535$297$159$83$3
47 years$891$510$279$147$76$3
48 years$863$487$262$136$69$2
49 years$835$465$246$126$63$2
50 years$809$444$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $829,000, adding $2,625 every year, while hoping to spend $23,296 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: 51/38/11 Blend
59$829,000$829,000$829,000$829,000
60$916,266$872,329$859,479$960,196
61$984,938$890,286$863,485$1,008,448
62$1,059,834$908,342$866,844$1,058,179
63$1,141,564$926,478$869,511$1,111,705
64$1,230,800$944,672$871,435$1,169,391
65$1,328,281$962,900$872,568$1,231,636
66$1,434,821$981,138$872,854$1,298,881
67$1,551,317$999,358$872,239$1,371,615
68$1,678,755$1,017,529$870,662$1,450,371
69$1,818,221$1,035,622$868,063$1,535,743
70$1,970,912$1,053,600$864,375$1,628,380
71$2,138,145$1,071,426$859,532$1,729,000
72$2,321,372$1,089,062$853,462$1,838,396
73$2,522,189$1,106,463$846,090$1,957,440
74$2,742,357$1,123,585$837,339$2,087,093
75$2,983,813$1,140,376$827,126$2,228,415
76$3,248,693$1,156,786$815,366$2,382,577
77$3,539,347$1,172,756$801,968$2,550,866
78$3,858,366$1,188,226$786,839$2,734,702
79$4,208,601$1,203,131$769,880$2,935,654
80$4,593,196$1,217,402$750,989$3,155,446
81$5,015,613$1,230,965$730,057$3,395,984
82$5,479,664$1,243,741$706,973$3,659,366
83$5,989,550$1,255,645$681,617$3,947,907
84$6,549,900$1,266,588$653,867$4,264,157
85$7,165,813$1,276,473$623,595$4,610,929
86$7,842,905$1,285,200$590,664$4,991,326
87$8,587,365$1,292,658$554,935$5,408,764
88$9,406,011$1,298,733$516,261$5,867,015
89$10,306,356$1,303,302$474,487$6,370,233
90$11,296,675$1,306,235$429,452$6,922,999
91$12,386,087$1,307,392$380,990$7,530,365
92$13,584,639$1,306,625$328,925$8,197,898
93$14,903,401$1,303,779$273,073$8,931,737
94$16,354,571$1,298,687$213,244$9,738,648
95$17,951,588$1,291,173$149,238$10,626,093
96$19,709,259$1,281,050$80,847$11,602,296
97$21,643,900$1,268,118$7,852$12,676,321
98$23,773,491$1,252,169$0$13,858,166
99$26,117,840$1,232,978$0$15,167,067
100$28,698,775$1,210,309$0$16,608,469