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%14.6%
1 years$68,458$67,848$67,253$66,673$66,106$64,850
2 years$33,890$33,259$32,647$32,054$31,479$30,219
3 years$22,369$21,735$21,125$20,537$19,971$18,747
4 years$16,610$15,978$15,374$14,796$14,244$13,063
5 years$13,155$12,527$11,930$11,365$10,828$9,695
6 years$10,852$10,229$9,642$9,089$8,568$7,484
7 years$9,208$8,590$8,012$7,472$6,968$5,933
8 years$7,976$7,363$6,795$6,268$5,781$4,794
9 years$7,018$6,411$5,853$5,339$4,868$3,930
10 years$6,252$5,651$5,102$4,602$4,148$3,257
11 years$5,626$5,031$4,492$4,005$3,567$2,723
12 years$5,104$4,515$3,987$3,513$3,091$2,292
13 years$4,663$4,081$3,562$3,102$2,696$1,940
14 years$4,286$3,709$3,200$2,753$2,363$1,650
15 years$3,959$3,388$2,889$2,456$2,081$1,408
16 years$3,673$3,109$2,620$2,199$1,839$1,206
17 years$3,421$2,863$2,384$1,975$1,630$1,036
18 years$3,197$2,646$2,176$1,780$1,450$891
19 years$2,997$2,452$1,992$1,609$1,292$769
20 years$2,818$2,278$1,828$1,457$1,154$664
21 years$2,655$2,122$1,682$1,322$1,033$574
22 years$2,508$1,981$1,550$1,202$926$497
23 years$2,373$1,853$1,431$1,095$831$431
24 years$2,250$1,736$1,323$999$747$374
25 years$2,137$1,629$1,226$912$672$325
26 years$2,033$1,531$1,137$834$605$282
27 years$1,937$1,441$1,056$763$546$245
28 years$1,848$1,358$981$699$493$213
29 years$1,765$1,281$913$641$445$185
30 years$1,687$1,210$851$589$402$161
31 years$1,615$1,144$793$541$363$141
32 years$1,548$1,082$740$497$329$122
33 years$1,485$1,025$691$457$297$107
34 years$1,425$971$646$420$269$93
35 years$1,369$921$604$387$244$81
36 years$1,317$874$565$356$221$71
37 years$1,267$830$528$328$200$62
38 years$1,220$789$495$303$182$54
39 years$1,176$750$464$279$165$47
40 years$1,133$714$435$257$149$41
41 years$1,093$680$407$237$136$36
42 years$1,055$647$382$219$123$31
43 years$1,019$617$359$202$112$27
44 years$985$588$337$187$101$24
45 years$952$561$316$173$92$21
46 years$921$535$297$159$83$18
47 years$891$510$279$147$76$16
48 years$863$487$262$136$69$14
49 years$835$465$246$126$63$12
50 years$809$444$232$116$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $829,000, adding $4,977 every year, while hoping to spend $28,865 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: 68/6/26 Blend
59$829,000$829,000$829,000$829,000
60$918,692$874,755$861,905$974,675
61$981,686$886,906$860,067$1,025,055
62$1,050,139$898,684$857,200$1,076,400
63$1,124,575$910,042$853,238$1,131,911
64$1,205,575$920,928$848,115$1,192,001
65$1,293,775$931,285$841,758$1,257,124
66$1,389,877$941,054$834,093$1,327,782
67$1,494,650$950,172$825,042$1,404,529
68$1,608,946$958,572$814,522$1,487,974
69$1,733,698$966,181$802,448$1,578,789
70$1,869,934$972,923$788,729$1,677,718
71$2,018,788$978,717$773,272$1,785,578
72$2,181,505$983,475$755,978$1,903,271
73$2,359,459$987,106$736,744$2,031,793
74$2,554,161$989,511$715,461$2,172,241
75$2,767,275$990,586$692,018$2,325,825
76$3,000,632$990,220$666,296$2,493,880
77$3,256,252$988,296$638,172$2,677,878
78$3,536,355$984,688$607,517$2,879,441
79$3,843,390$979,265$574,196$3,100,358
80$4,180,053$971,885$538,068$3,342,604
81$4,549,310$962,400$498,985$3,608,353
82$4,954,433$950,651$456,795$3,900,005
83$5,399,023$936,471$411,335$4,220,206
84$5,887,048$919,681$362,439$4,571,871
85$6,422,876$900,095$309,930$4,958,217
86$7,011,322$877,513$253,626$5,382,789
87$7,657,690$851,724$193,335$5,849,497
88$8,367,820$822,504$128,857$6,362,651
89$9,148,148$789,617$59,984$6,927,002
90$10,005,764$752,813$0$7,547,789
91$10,948,479$711,828$0$8,234,538
92$11,984,898$666,382$0$9,007,868
93$13,124,501$616,178$0$9,858,206
94$14,377,734$560,905$0$10,793,360
95$15,756,104$500,230$0$11,821,931
96$17,272,291$433,806$0$12,953,399
97$18,940,265$361,263$0$14,198,209
98$20,775,418$282,210$0$15,567,868
99$22,794,708$196,236$0$17,075,060
100$25,016,822$102,906$0$18,733,759