Can I retire at age 60 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$68,788$68,176$67,578$66,994$66,425$65,923
2 years$34,054$33,419$32,805$32,209$31,631$31,125
3 years$22,477$21,840$21,227$20,637$20,068$19,574
4 years$16,690$16,055$15,448$14,867$14,313$13,834
5 years$13,218$12,587$11,988$11,420$10,880$10,418
6 years$10,905$10,278$9,688$9,132$8,609$8,165
7 years$9,253$8,632$8,051$7,508$7,002$6,575
8 years$8,015$7,399$6,828$6,298$5,808$5,399
9 years$7,052$6,442$5,881$5,365$4,892$4,500
10 years$6,282$5,678$5,127$4,625$4,168$3,793
11 years$5,653$5,055$4,514$4,025$3,584$3,227
12 years$5,129$4,537$4,006$3,530$3,106$2,765
13 years$4,686$4,100$3,579$3,117$2,709$2,384
14 years$4,306$3,727$3,216$2,767$2,374$2,065
15 years$3,978$3,405$2,903$2,467$2,091$1,797
16 years$3,691$3,124$2,632$2,209$1,848$1,569
17 years$3,437$2,877$2,395$1,985$1,638$1,374
18 years$3,213$2,658$2,187$1,789$1,457$1,207
19 years$3,012$2,464$2,002$1,616$1,298$1,062
20 years$2,831$2,289$1,837$1,464$1,160$936
21 years$2,668$2,133$1,690$1,329$1,038$827
22 years$2,520$1,991$1,557$1,208$930$732
23 years$2,385$1,862$1,438$1,100$835$648
24 years$2,261$1,744$1,330$1,003$751$574
25 years$2,148$1,637$1,232$916$675$510
26 years$2,043$1,539$1,142$838$608$453
27 years$1,946$1,448$1,061$767$549$403
28 years$1,857$1,364$986$703$495$358
29 years$1,773$1,287$918$644$447$319
30 years$1,696$1,216$855$591$404$284
31 years$1,623$1,149$797$543$365$253
32 years$1,555$1,087$744$499$330$226
33 years$1,492$1,030$694$459$299$201
34 years$1,432$976$649$422$271$179
35 years$1,376$926$606$389$245$160
36 years$1,323$879$567$358$222$143
37 years$1,273$834$531$330$201$128
38 years$1,226$793$497$304$182$114
39 years$1,181$754$466$280$165$102
40 years$1,139$717$437$259$150$91
41 years$1,099$683$409$239$136$81
42 years$1,061$650$384$220$124$73
43 years$1,024$620$360$203$112$65
44 years$990$591$338$188$102$58
45 years$957$563$318$173$92$52
46 years$925$537$298$160$84$46
47 years$895$513$280$148$76$41
48 years$867$490$263$137$69$37
49 years$839$467$248$126$63$33
50 years$813$447$233$117$57$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $833,000, adding $6,330 every year, while hoping to spend $51,371 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: 44/46/10 Blend
59$833,000$833,000$833,000$833,000
60$924,495$880,346$867,435$962,259
61$964,136$868,825$841,836$977,605
62$1,006,097$855,017$813,657$988,498
63$1,050,563$838,757$782,758$999,145
64$1,097,733$819,868$748,993$1,009,542
65$1,147,824$798,164$712,207$1,019,689
66$1,201,075$773,448$672,239$1,029,590
67$1,257,747$745,509$628,921$1,039,253
68$1,318,127$714,128$582,079$1,048,692
69$1,382,525$679,070$531,529$1,057,928
70$1,451,286$640,087$477,078$1,066,987
71$1,524,784$596,919$418,527$1,075,904
72$1,603,431$549,287$355,667$1,084,723
73$1,687,678$496,899$288,279$1,093,501
74$1,778,021$439,447$216,136$1,102,304
75$1,875,002$376,602$138,999$1,111,213
76$1,979,217$308,021$56,620$1,120,326
77$2,091,320$233,337$0$1,129,756
78$2,212,030$152,166$0$1,142,978
79$2,342,135$64,100$0$1,163,473
80$2,482,502$0$0$1,185,407
81$2,634,083$0$0$1,224,860
82$2,797,923$0$0$1,302,654
83$2,975,173$0$0$1,386,898
84$3,167,096$0$0$1,478,203
85$3,375,082$0$0$1,577,241
86$3,600,657$0$0$1,684,751
87$3,845,503$0$0$1,801,546
88$4,111,467$0$0$1,928,520
89$4,400,582$0$0$2,066,657
90$4,715,083$0$0$2,217,039
91$5,057,431$0$0$2,380,856
92$5,430,332$0$0$2,559,420
93$5,836,767$0$0$2,754,172
94$6,280,013$0$0$2,966,701
95$6,763,679$0$0$3,198,753
96$7,291,737$0$0$3,452,251
97$7,868,558$0$0$3,729,315
98$8,498,957$0$0$4,032,274
99$9,188,233$0$0$4,363,696
100$9,942,219$0$0$4,726,407