Can I retire at age 60 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$68,706$68,094$67,497$66,914$66,345$66,010
2 years$34,013$33,379$32,765$32,170$31,593$31,255
3 years$22,450$21,814$21,201$20,612$20,044$19,713
4 years$16,670$16,035$15,429$14,850$14,295$13,975
5 years$13,202$12,572$11,974$11,406$10,867$10,557
6 years$10,892$10,266$9,677$9,121$8,599$8,300
7 years$9,242$8,621$8,041$7,499$6,993$6,706
8 years$8,005$7,390$6,820$6,291$5,801$5,526
9 years$7,043$6,434$5,874$5,358$4,886$4,621
10 years$6,275$5,672$5,121$4,619$4,163$3,910
11 years$5,646$5,049$4,508$4,020$3,580$3,338
12 years$5,123$4,532$4,001$3,526$3,103$2,871
13 years$4,680$4,095$3,575$3,113$2,705$2,485
14 years$4,301$3,723$3,212$2,763$2,372$2,161
15 years$3,973$3,401$2,900$2,464$2,088$1,888
16 years$3,686$3,120$2,629$2,207$1,845$1,655
17 years$3,433$2,873$2,392$1,983$1,636$1,456
18 years$3,209$2,655$2,184$1,787$1,455$1,284
19 years$3,008$2,461$1,999$1,614$1,297$1,135
20 years$2,828$2,287$1,835$1,462$1,158$1,005
21 years$2,665$2,130$1,688$1,327$1,037$891
22 years$2,517$1,988$1,555$1,207$929$792
23 years$2,382$1,860$1,436$1,099$834$705
24 years$2,258$1,742$1,328$1,002$750$628
25 years$2,145$1,635$1,230$915$675$560
26 years$2,041$1,537$1,141$837$608$499
27 years$1,944$1,446$1,060$766$548$446
28 years$1,854$1,363$985$702$494$399
29 years$1,771$1,286$917$644$446$357
30 years$1,694$1,214$854$591$403$319
31 years$1,621$1,148$796$542$365$286
32 years$1,553$1,086$743$499$330$256
33 years$1,490$1,028$693$458$299$229
34 years$1,430$975$648$422$270$206
35 years$1,374$925$606$388$245$184
36 years$1,321$878$567$358$222$165
37 years$1,272$833$530$330$201$148
38 years$1,224$792$497$304$182$133
39 years$1,180$753$465$280$165$120
40 years$1,137$717$436$258$150$107
41 years$1,097$682$409$238$136$96
42 years$1,059$650$384$220$123$87
43 years$1,023$619$360$203$112$78
44 years$989$590$338$187$102$70
45 years$956$563$317$173$92$63
46 years$924$537$298$160$84$56
47 years$894$512$280$148$76$51
48 years$866$489$263$137$69$46
49 years$838$467$247$126$63$41
50 years$812$446$232$117$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $832,000, adding $4,149 every year, while hoping to spend $20,915 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: 81/8/11 Blend
59$832,000$832,000$832,000$832,000
60$921,144$877,048$864,152$993,688
61$992,847$897,770$870,847$1,062,586
62$1,071,163$918,806$877,066$1,135,028
63$1,156,744$940,150$882,771$1,213,924
64$1,250,309$961,794$887,920$1,299,911
65$1,352,648$983,729$892,473$1,393,689
66$1,464,632$1,005,946$896,385$1,496,028
67$1,587,219$1,028,433$899,609$1,607,780
68$1,721,466$1,051,177$902,097$1,729,880
69$1,868,536$1,074,164$903,797$1,863,358
70$2,029,708$1,097,380$904,655$2,009,350
71$2,206,393$1,120,806$904,616$2,169,108
72$2,400,144$1,144,425$903,620$2,344,009
73$2,612,672$1,168,215$901,604$2,535,572
74$2,845,861$1,192,153$898,504$2,745,469
75$3,101,786$1,216,216$894,251$2,975,543
76$3,382,733$1,240,375$888,773$3,227,824
77$3,691,220$1,264,602$881,996$3,504,550
78$4,030,021$1,288,865$873,840$3,808,184
79$4,402,193$1,313,129$864,223$4,141,442
80$4,811,102$1,337,357$853,059$4,507,316
81$5,260,455$1,361,508$840,257$4,909,103
82$5,754,339$1,385,539$825,723$5,350,436
83$6,297,254$1,409,404$809,358$5,835,316
84$6,894,160$1,433,051$791,058$6,368,156
85$7,550,520$1,456,426$770,714$6,953,814
86$8,272,353$1,479,471$748,213$7,597,645
87$9,066,291$1,502,123$723,436$8,305,552
88$9,939,641$1,524,314$696,258$9,084,035
89$10,900,452$1,545,974$666,552$9,940,262
90$11,957,596$1,567,025$634,179$10,882,126
91$13,120,846$1,587,384$598,999$11,918,331
92$14,400,970$1,606,963$560,862$13,058,463
93$15,809,832$1,625,668$519,615$14,313,088
94$17,360,508$1,643,399$475,095$15,693,850
95$19,067,402$1,660,047$427,133$17,213,578
96$20,946,387$1,675,500$375,552$18,886,412
97$23,014,953$1,689,634$320,168$20,727,932
98$25,292,372$1,702,319$260,787$22,755,309
99$27,799,879$1,713,418$197,208$24,987,463
100$30,560,874$1,722,783$129,222$27,445,244