Can I retire at age 60 with 830,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$68,541$67,930$67,334$66,753$66,185$65,631
2 years$33,931$33,299$32,687$32,093$31,517$30,958
3 years$22,396$21,761$21,150$20,562$19,996$19,450
4 years$16,630$15,997$15,392$14,814$14,261$13,732
5 years$13,171$12,542$11,945$11,378$10,841$10,331
6 years$10,865$10,241$9,653$9,099$8,578$8,087
7 years$9,220$8,601$8,022$7,481$6,976$6,505
8 years$7,986$7,372$6,803$6,276$5,788$5,336
9 years$7,026$6,419$5,860$5,346$4,874$4,442
10 years$6,260$5,658$5,109$4,608$4,153$3,740
11 years$5,633$5,037$4,497$4,010$3,572$3,178
12 years$5,110$4,521$3,991$3,518$3,095$2,720
13 years$4,669$4,086$3,566$3,105$2,699$2,342
14 years$4,291$3,714$3,204$2,757$2,366$2,026
15 years$3,963$3,393$2,893$2,458$2,083$1,760
16 years$3,677$3,113$2,623$2,201$1,841$1,535
17 years$3,425$2,867$2,387$1,978$1,632$1,343
18 years$3,201$2,649$2,179$1,782$1,451$1,177
19 years$3,001$2,455$1,995$1,611$1,294$1,035
20 years$2,821$2,281$1,830$1,459$1,156$911
21 years$2,658$2,125$1,684$1,324$1,034$803
22 years$2,511$1,983$1,552$1,204$927$710
23 years$2,376$1,855$1,433$1,096$832$627
24 years$2,253$1,738$1,325$1,000$748$555
25 years$2,140$1,631$1,227$913$673$492
26 years$2,036$1,533$1,138$835$606$437
27 years$1,939$1,443$1,057$764$547$387
28 years$1,850$1,359$983$700$493$344
29 years$1,767$1,283$914$642$445$306
30 years$1,690$1,211$852$589$402$272
31 years$1,617$1,145$794$541$364$242
32 years$1,550$1,083$741$497$329$215
33 years$1,486$1,026$692$457$298$192
34 years$1,427$972$646$421$270$171
35 years$1,371$922$604$387$244$152
36 years$1,318$875$565$357$221$135
37 years$1,268$831$529$329$201$121
38 years$1,221$790$495$303$182$108
39 years$1,177$751$464$279$165$96
40 years$1,135$715$435$258$150$86
41 years$1,095$680$408$238$136$76
42 years$1,057$648$383$219$123$68
43 years$1,021$617$359$203$112$61
44 years$986$589$337$187$101$54
45 years$953$561$317$173$92$48
46 years$922$535$297$160$84$43
47 years$892$511$279$147$76$38
48 years$864$488$262$136$69$34
49 years$836$466$247$126$63$31
50 years$810$445$232$116$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $830,000, adding $2,854 every year, while hoping to spend $43,062 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: 72/22/6 Blend
59$830,000$830,000$830,000$830,000
60$917,604$873,614$860,749$982,797
61$965,382$870,603$843,766$1,023,163
62$1,016,590$866,002$824,772$1,061,678
63$1,071,532$859,687$803,652$1,102,633
64$1,130,544$851,526$780,289$1,146,255
65$1,193,990$841,381$754,559$1,192,796
66$1,262,274$829,106$726,334$1,242,533
67$1,335,837$814,544$695,478$1,295,773
68$1,415,166$797,530$661,850$1,352,853
69$1,500,793$777,889$625,301$1,414,148
70$1,593,304$755,435$585,679$1,480,071
71$1,693,343$729,974$542,822$1,551,077
72$1,801,618$701,297$496,561$1,627,670
73$1,918,907$669,185$446,720$1,710,406
74$2,046,066$633,405$393,115$1,799,898
75$2,184,035$593,712$335,555$1,896,825
76$2,333,849$549,846$273,838$2,001,935
77$2,496,646$501,533$207,756$2,116,055
78$2,673,677$448,482$137,089$2,240,098
79$2,866,321$390,386$61,610$2,375,072
80$3,076,092$326,921$0$2,522,090
81$3,304,657$257,744$0$2,683,593
82$3,553,853$182,494$0$2,864,014
83$3,825,699$100,789$0$3,060,918
84$4,122,417$12,225$0$3,275,976
85$4,446,455$0$0$3,511,033
86$4,800,507$0$0$3,788,365
87$5,187,539$0$0$4,094,804
88$5,610,815$0$0$4,429,980
89$6,073,931$0$0$4,796,746
90$6,580,846$0$0$5,198,242
91$7,135,918$0$0$5,637,926
92$7,743,948$0$0$6,119,605
93$8,410,222$0$0$6,647,474
94$9,140,563$0$0$7,226,151
95$9,941,382$0$0$7,860,723
96$10,819,741$0$0$8,556,793
97$11,783,420$0$0$9,320,532
98$12,840,987$0$0$10,158,737
99$14,001,878$0$0$11,078,896
100$15,276,490$0$0$12,089,255