Can I retire at age 60 with 833,000?

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 $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%11.1%
1 years$68,788$68,176$67,578$66,994$66,425$66,117
2 years$34,054$33,419$32,805$32,209$31,631$31,320
3 years$22,477$21,840$21,227$20,637$20,068$19,764
4 years$16,690$16,055$15,448$14,867$14,313$14,018
5 years$13,218$12,587$11,988$11,420$10,880$10,595
6 years$10,905$10,278$9,688$9,132$8,609$8,335
7 years$9,253$8,632$8,051$7,508$7,002$6,737
8 years$8,015$7,399$6,828$6,298$5,808$5,555
9 years$7,052$6,442$5,881$5,365$4,892$4,648
10 years$6,282$5,678$5,127$4,625$4,168$3,935
11 years$5,653$5,055$4,514$4,025$3,584$3,362
12 years$5,129$4,537$4,006$3,530$3,106$2,893
13 years$4,686$4,100$3,579$3,117$2,709$2,506
14 years$4,306$3,727$3,216$2,767$2,374$2,181
15 years$3,978$3,405$2,903$2,467$2,091$1,906
16 years$3,691$3,124$2,632$2,209$1,848$1,673
17 years$3,437$2,877$2,395$1,985$1,638$1,472
18 years$3,213$2,658$2,187$1,789$1,457$1,299
19 years$3,012$2,464$2,002$1,616$1,298$1,149
20 years$2,831$2,289$1,837$1,464$1,160$1,018
21 years$2,668$2,133$1,690$1,329$1,038$904
22 years$2,520$1,991$1,557$1,208$930$804
23 years$2,385$1,862$1,438$1,100$835$716
24 years$2,261$1,744$1,330$1,003$751$638
25 years$2,148$1,637$1,232$916$675$569
26 years$2,043$1,539$1,142$838$608$508
27 years$1,946$1,448$1,061$767$549$454
28 years$1,857$1,364$986$703$495$406
29 years$1,773$1,287$918$644$447$364
30 years$1,696$1,216$855$591$404$326
31 years$1,623$1,149$797$543$365$292
32 years$1,555$1,087$744$499$330$262
33 years$1,492$1,030$694$459$299$235
34 years$1,432$976$649$422$271$211
35 years$1,376$926$606$389$245$189
36 years$1,323$879$567$358$222$170
37 years$1,273$834$531$330$201$152
38 years$1,226$793$497$304$182$137
39 years$1,181$754$466$280$165$123
40 years$1,139$717$437$259$150$111
41 years$1,099$683$409$239$136$99
42 years$1,061$650$384$220$124$89
43 years$1,024$620$360$203$112$80
44 years$990$591$338$188$102$72
45 years$957$563$318$173$92$65
46 years$925$537$298$160$84$58
47 years$895$513$280$148$76$53
48 years$867$490$263$137$69$47
49 years$839$467$248$126$63$42
50 years$813$447$233$117$57$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $833,000, adding $4,453 every year, while hoping to spend $39,738 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: 53/41/6 Blend
59$833,000$833,000$833,000$833,000
60$922,559$878,410$865,499$969,945
61$974,379$879,171$852,212$1,003,285
62$1,030,153$878,638$837,148$1,034,798
63$1,090,242$876,705$820,206$1,068,116
64$1,155,043$873,260$801,280$1,103,416
65$1,224,993$868,184$780,257$1,140,896
66$1,300,569$861,352$757,023$1,180,772
67$1,382,298$852,630$731,454$1,223,289
68$1,470,760$841,876$703,425$1,268,715
69$1,566,590$828,941$672,803$1,317,349
70$1,670,488$813,664$639,447$1,369,523
71$1,783,223$795,879$603,214$1,425,605
72$1,905,640$775,406$563,951$1,486,003
73$2,038,671$752,056$521,498$1,551,168
74$2,183,339$725,630$475,692$1,621,604
75$2,340,770$695,916$426,357$1,697,866
76$2,512,202$662,690$373,314$1,780,570
77$2,699,000$625,715$316,374$1,870,399
78$2,902,664$584,741$255,338$1,968,110
79$3,124,844$539,502$190,001$2,074,541
80$3,367,360$489,719$120,147$2,190,619
81$3,632,212$435,096$45,553$2,317,372
82$3,921,601$375,320$0$2,455,939
83$4,237,954$310,061$0$2,609,757
84$4,583,940$238,968$0$2,781,295
85$4,962,499$161,674$0$2,969,191
86$5,376,867$77,789$0$3,175,168
87$5,830,609$0$0$3,401,132
88$6,327,649$0$0$3,655,097
89$6,872,310$0$0$3,971,932
90$7,469,353$0$0$4,319,321
91$8,124,021$0$0$4,700,324
92$8,842,087$0$0$5,118,313
93$9,629,913$0$0$5,577,002
94$10,494,504$0$0$6,080,481
95$11,443,577$0$0$6,633,255
96$12,485,633$0$0$7,240,287
97$13,630,034$0$0$7,907,046
98$14,887,097$0$0$8,639,555
99$16,268,185$0$0$9,444,447
100$17,785,815$0$0$10,329,034