Can I retire at age 60 with 832,000?

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 $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%16.3%
1 years$68,706$68,094$67,497$66,914$66,345$64,636
2 years$34,013$33,379$32,765$32,170$31,593$29,883
3 years$22,450$21,814$21,201$20,612$20,044$18,386
4 years$16,670$16,035$15,429$14,850$14,295$12,702
5 years$13,202$12,572$11,974$11,406$10,867$9,343
6 years$10,892$10,266$9,677$9,121$8,599$7,146
7 years$9,242$8,621$8,041$7,499$6,993$5,611
8 years$8,005$7,390$6,820$6,291$5,801$4,489
9 years$7,043$6,434$5,874$5,358$4,886$3,643
10 years$6,275$5,672$5,121$4,619$4,163$2,987
11 years$5,646$5,049$4,508$4,020$3,580$2,470
12 years$5,123$4,532$4,001$3,526$3,103$2,057
13 years$4,680$4,095$3,575$3,113$2,705$1,721
14 years$4,301$3,723$3,212$2,763$2,372$1,447
15 years$3,973$3,401$2,900$2,464$2,088$1,221
16 years$3,686$3,120$2,629$2,207$1,845$1,033
17 years$3,433$2,873$2,392$1,983$1,636$876
18 years$3,209$2,655$2,184$1,787$1,455$745
19 years$3,008$2,461$1,999$1,614$1,297$634
20 years$2,828$2,287$1,835$1,462$1,158$541
21 years$2,665$2,130$1,688$1,327$1,037$461
22 years$2,517$1,988$1,555$1,207$929$394
23 years$2,382$1,860$1,436$1,099$834$337
24 years$2,258$1,742$1,328$1,002$750$289
25 years$2,145$1,635$1,230$915$675$247
26 years$2,041$1,537$1,141$837$608$212
27 years$1,944$1,446$1,060$766$548$182
28 years$1,854$1,363$985$702$494$156
29 years$1,771$1,286$917$644$446$134
30 years$1,694$1,214$854$591$403$115
31 years$1,621$1,148$796$542$365$99
32 years$1,553$1,086$743$499$330$85
33 years$1,490$1,028$693$458$299$73
34 years$1,430$975$648$422$270$62
35 years$1,374$925$606$388$245$54
36 years$1,321$878$567$358$222$46
37 years$1,272$833$530$330$201$40
38 years$1,224$792$497$304$182$34
39 years$1,180$753$465$280$165$29
40 years$1,137$717$436$258$150$25
41 years$1,097$682$409$238$136$22
42 years$1,059$650$384$220$123$19
43 years$1,023$619$360$203$112$16
44 years$989$590$338$187$102$14
45 years$956$563$317$173$92$12
46 years$924$537$298$160$84$10
47 years$894$512$280$148$76$9
48 years$866$489$263$137$69$8
49 years$838$467$247$126$63$6
50 years$812$446$232$117$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $832,000, adding $3,267 every year, while hoping to spend $52,043 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: 58/30/12 Blend
59$832,000$832,000$832,000$832,000
60$920,234$876,138$863,242$970,694
61$958,724$863,695$836,787$992,674
62$999,397$848,899$807,702$1,010,542
63$1,042,418$831,578$775,843$1,028,778
64$1,087,972$811,553$741,061$1,047,423
65$1,136,258$788,632$703,200$1,066,526
66$1,187,495$762,613$662,095$1,086,143
67$1,241,921$733,282$617,577$1,106,337
68$1,299,798$700,414$569,466$1,127,182
69$1,361,410$663,767$517,577$1,148,763
70$1,427,072$623,090$461,713$1,171,176
71$1,497,125$578,113$401,673$1,194,531
72$1,571,945$528,554$337,242$1,218,951
73$1,651,944$474,113$268,200$1,244,579
74$1,737,572$414,474$194,314$1,271,574
75$1,829,323$349,302$115,342$1,300,117
76$1,927,740$278,245$31,032$1,330,413
77$2,033,418$200,927$0$1,362,693
78$2,147,011$116,957$0$1,404,761
79$2,269,234$25,916$0$1,454,095
80$2,400,877$0$0$1,507,081
81$2,542,802$0$0$1,588,104
82$2,695,961$0$0$1,684,826
83$2,861,396$0$0$1,789,359
84$3,040,254$0$0$1,902,433
85$3,233,797$0$0$2,024,853
86$3,443,409$0$0$2,157,503
87$3,670,614$0$0$2,301,357
88$3,917,087$0$0$2,457,483
89$4,184,671$0$0$2,627,058
90$4,475,391$0$0$2,811,375
91$4,791,478$0$0$3,011,858
92$5,135,383$0$0$3,230,072
93$5,509,803$0$0$3,467,741
94$5,917,709$0$0$3,726,760
95$6,362,368$0$0$4,009,216
96$6,847,375$0$0$4,317,407
97$7,376,688$0$0$4,653,859
98$7,954,663$0$0$5,021,355
99$8,586,097$0$0$5,422,960
100$9,276,269$0$0$5,862,045