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%13.2%
1 years$68,788$68,176$67,578$66,994$66,425$65,540
2 years$34,054$33,419$32,805$32,209$31,631$30,741
3 years$22,477$21,840$21,227$20,637$20,068$19,201
4 years$16,690$16,055$15,448$14,867$14,313$13,475
5 years$13,218$12,587$11,988$11,420$10,880$10,074
6 years$10,905$10,278$9,688$9,132$8,609$7,835
7 years$9,253$8,632$8,051$7,508$7,002$6,260
8 years$8,015$7,399$6,828$6,298$5,808$5,100
9 years$7,052$6,442$5,881$5,365$4,892$4,216
10 years$6,282$5,678$5,127$4,625$4,168$3,524
11 years$5,653$5,055$4,514$4,025$3,584$2,972
12 years$5,129$4,537$4,006$3,530$3,106$2,524
13 years$4,686$4,100$3,579$3,117$2,709$2,156
14 years$4,306$3,727$3,216$2,767$2,374$1,851
15 years$3,978$3,405$2,903$2,467$2,091$1,595
16 years$3,691$3,124$2,632$2,209$1,848$1,380
17 years$3,437$2,877$2,395$1,985$1,638$1,197
18 years$3,213$2,658$2,187$1,789$1,457$1,040
19 years$3,012$2,464$2,002$1,616$1,298$906
20 years$2,831$2,289$1,837$1,464$1,160$791
21 years$2,668$2,133$1,690$1,329$1,038$691
22 years$2,520$1,991$1,557$1,208$930$605
23 years$2,385$1,862$1,438$1,100$835$530
24 years$2,261$1,744$1,330$1,003$751$465
25 years$2,148$1,637$1,232$916$675$408
26 years$2,043$1,539$1,142$838$608$359
27 years$1,946$1,448$1,061$767$549$315
28 years$1,857$1,364$986$703$495$277
29 years$1,773$1,287$918$644$447$244
30 years$1,696$1,216$855$591$404$215
31 years$1,623$1,149$797$543$365$189
32 years$1,555$1,087$744$499$330$167
33 years$1,492$1,030$694$459$299$147
34 years$1,432$976$649$422$271$130
35 years$1,376$926$606$389$245$114
36 years$1,323$879$567$358$222$101
37 years$1,273$834$531$330$201$89
38 years$1,226$793$497$304$182$78
39 years$1,181$754$466$280$165$69
40 years$1,139$717$437$259$150$61
41 years$1,099$683$409$239$136$54
42 years$1,061$650$384$220$124$48
43 years$1,024$620$360$203$112$42
44 years$990$591$338$188$102$37
45 years$957$563$318$173$92$33
46 years$925$537$298$160$84$29
47 years$895$513$280$148$76$26
48 years$867$490$263$137$69$23
49 years$839$467$248$126$63$20
50 years$813$447$233$117$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $833,000, adding $4,092 every year, while hoping to spend $21,054 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: 60/20/20 Blend
59$833,000$833,000$833,000$833,000
60$922,187$878,038$865,126$972,456
61$993,849$898,660$871,707$1,027,594
62$1,072,114$919,588$877,802$1,085,049
63$1,157,635$940,813$883,374$1,147,256
64$1,251,128$962,327$888,381$1,214,681
65$1,353,383$984,121$892,782$1,287,834
66$1,465,270$1,006,184$896,531$1,367,279
67$1,587,744$1,028,504$899,582$1,453,637
68$1,721,861$1,051,068$901,885$1,547,591
69$1,868,782$1,073,861$903,389$1,649,896
70$2,029,783$1,096,866$904,038$1,761,381
71$2,206,274$1,120,066$903,777$1,882,963
72$2,399,805$1,143,440$902,544$2,015,649
73$2,612,084$1,166,967$900,278$2,160,553
74$2,844,991$1,190,623$896,912$2,318,898
75$3,100,599$1,214,382$892,377$2,492,035
76$3,381,189$1,238,216$886,601$2,681,452
77$3,689,276$1,262,095$879,508$2,888,790
78$4,027,629$1,285,984$871,018$3,115,856
79$4,399,299$1,309,848$861,048$3,364,643
80$4,807,645$1,333,649$849,511$3,637,346
81$5,256,371$1,357,343$836,316$3,936,386
82$5,749,554$1,380,887$821,366$4,264,430
83$6,291,689$1,404,231$804,562$4,624,419
84$6,887,726$1,427,322$785,800$5,019,593
85$7,543,118$1,450,106$764,968$5,453,525
86$8,263,875$1,472,520$741,953$5,930,150
87$9,056,617$1,494,500$716,635$6,453,808
88$9,928,638$1,515,976$688,889$7,029,282
89$10,887,975$1,536,875$658,583$7,661,842
90$11,943,483$1,557,116$625,580$8,357,300
91$13,104,918$1,576,615$589,736$9,122,057
92$14,383,030$1,595,279$550,903$9,963,173
93$15,789,664$1,613,013$508,923$10,888,426
94$17,337,871$1,629,712$463,633$11,906,391
95$19,042,031$1,645,266$414,863$13,026,516
96$20,917,991$1,659,556$362,433$14,259,219
97$22,983,209$1,672,457$306,157$15,615,978
98$25,256,924$1,683,835$245,841$17,109,445
99$27,760,334$1,693,547$181,281$18,753,566
100$30,516,800$1,701,443$112,266$20,563,711