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%13%
1 years$68,458$67,848$67,253$66,673$66,106$65,280
2 years$33,890$33,259$32,647$32,054$31,479$30,648
3 years$22,369$21,735$21,125$20,537$19,971$19,161
4 years$16,610$15,978$15,374$14,796$14,244$13,460
5 years$13,155$12,527$11,930$11,365$10,828$10,074
6 years$10,852$10,229$9,642$9,089$8,568$7,844
7 years$9,208$8,590$8,012$7,472$6,968$6,274
8 years$7,976$7,363$6,795$6,268$5,781$5,117
9 years$7,018$6,411$5,853$5,339$4,868$4,235
10 years$6,252$5,651$5,102$4,602$4,148$3,544
11 years$5,626$5,031$4,492$4,005$3,567$2,993
12 years$5,104$4,515$3,987$3,513$3,091$2,545
13 years$4,663$4,081$3,562$3,102$2,696$2,177
14 years$4,286$3,709$3,200$2,753$2,363$1,871
15 years$3,959$3,388$2,889$2,456$2,081$1,615
16 years$3,673$3,109$2,620$2,199$1,839$1,399
17 years$3,421$2,863$2,384$1,975$1,630$1,215
18 years$3,197$2,646$2,176$1,780$1,450$1,058
19 years$2,997$2,452$1,992$1,609$1,292$923
20 years$2,818$2,278$1,828$1,457$1,154$806
21 years$2,655$2,122$1,682$1,322$1,033$706
22 years$2,508$1,981$1,550$1,202$926$619
23 years$2,373$1,853$1,431$1,095$831$543
24 years$2,250$1,736$1,323$999$747$477
25 years$2,137$1,629$1,226$912$672$419
26 years$2,033$1,531$1,137$834$605$369
27 years$1,937$1,441$1,056$763$546$325
28 years$1,848$1,358$981$699$493$286
29 years$1,765$1,281$913$641$445$252
30 years$1,687$1,210$851$589$402$223
31 years$1,615$1,144$793$541$363$196
32 years$1,548$1,082$740$497$329$173
33 years$1,485$1,025$691$457$297$153
34 years$1,425$971$646$420$269$135
35 years$1,369$921$604$387$244$119
36 years$1,317$874$565$356$221$106
37 years$1,267$830$528$328$200$93
38 years$1,220$789$495$303$182$82
39 years$1,176$750$464$279$165$73
40 years$1,133$714$435$257$149$64
41 years$1,093$680$407$237$136$57
42 years$1,055$647$382$219$123$50
43 years$1,019$617$359$202$112$45
44 years$985$588$337$187$101$39
45 years$952$561$316$173$92$35
46 years$921$535$297$159$83$31
47 years$891$510$279$147$76$27
48 years$863$487$262$136$69$24
49 years$835$465$246$126$63$21
50 years$809$444$232$116$57$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $829,000, adding $6,023 every year, while hoping to spend $28,626 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: 84/8/8 Blend
59$829,000$829,000$829,000$829,000
60$919,771$875,834$862,984$995,692
61$983,129$888,292$861,436$1,058,643
62$1,051,991$900,401$858,877$1,123,280
63$1,126,888$912,113$855,243$1,193,384
64$1,208,402$923,379$850,466$1,269,485
65$1,297,179$934,144$844,475$1,352,169
66$1,393,924$944,350$837,199$1,442,079
67$1,499,417$953,936$828,558$1,539,926
68$1,614,515$962,836$818,471$1,646,489
69$1,740,161$970,981$806,855$1,762,630
70$1,877,393$978,294$793,620$1,889,295
71$2,027,354$984,698$778,674$2,027,530
72$2,191,303$990,107$761,918$2,178,484
73$2,370,625$994,431$743,252$2,343,423
74$2,566,846$997,576$722,568$2,523,743
75$2,781,646$999,439$699,756$2,720,982
76$3,016,874$999,912$674,698$2,936,832
77$3,274,568$998,880$647,273$3,173,161
78$3,556,971$996,222$617,354$3,432,025
79$3,866,554$991,808$584,807$3,715,688
80$4,206,037$985,502$549,492$4,026,646
81$4,578,418$977,156$511,265$4,367,650
82$4,986,997$966,618$469,974$4,741,731
83$5,435,412$953,723$425,459$5,152,226
84$5,927,667$938,299$377,555$5,602,817
85$6,468,174$920,160$326,088$6,097,556
86$7,061,793$899,113$270,877$6,640,913
87$7,713,877$874,952$211,733$7,237,809
88$8,430,326$847,457$148,459$7,893,671
89$9,217,636$816,399$80,849$8,614,476
90$10,082,965$781,533$8,688$9,406,812
91$11,034,199$742,600$0$10,277,940
92$12,080,026$699,326$0$11,241,691
93$13,230,019$651,423$0$12,302,220
94$14,494,722$598,584$0$13,468,521
95$15,885,755$540,486$0$14,751,323
96$17,415,920$476,788$0$16,162,447
97$19,099,320$407,127$0$17,714,918
98$20,951,498$331,123$0$19,423,091
99$22,989,574$248,372$0$21,302,783
100$25,232,417$158,448$0$23,371,421