Can I retire at age 60 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$68,954$68,339$67,740$67,155$66,584$65,779
2 years$34,135$33,500$32,884$32,286$31,707$30,897
3 years$22,531$21,892$21,278$20,686$20,116$19,326
4 years$16,730$16,093$15,485$14,903$14,347$13,583
5 years$13,250$12,617$12,017$11,447$10,906$10,171
6 years$10,931$10,303$9,711$9,154$8,630$7,924
7 years$9,275$8,652$8,070$7,526$7,018$6,342
8 years$8,034$7,417$6,844$6,314$5,822$5,175
9 years$7,069$6,458$5,895$5,378$4,903$4,285
10 years$6,297$5,692$5,139$4,636$4,178$3,588
11 years$5,666$5,067$4,525$4,034$3,593$3,032
12 years$5,141$4,548$4,015$3,539$3,114$2,580
13 years$4,697$4,110$3,588$3,124$2,715$2,209
14 years$4,317$3,736$3,223$2,773$2,380$1,900
15 years$3,987$3,413$2,910$2,473$2,096$1,641
16 years$3,699$3,131$2,639$2,215$1,852$1,422
17 years$3,446$2,884$2,401$1,990$1,642$1,236
18 years$3,220$2,665$2,192$1,793$1,460$1,077
19 years$3,019$2,470$2,007$1,620$1,302$940
20 years$2,838$2,295$1,841$1,467$1,163$822
21 years$2,674$2,138$1,694$1,332$1,040$720
22 years$2,526$1,995$1,561$1,211$933$632
23 years$2,390$1,866$1,441$1,103$837$555
24 years$2,267$1,749$1,333$1,006$752$488
25 years$2,153$1,641$1,235$919$677$429
26 years$2,048$1,542$1,145$840$610$378
27 years$1,951$1,451$1,063$769$550$333
28 years$1,861$1,368$989$704$496$294
29 years$1,778$1,290$920$646$448$259
30 years$1,700$1,218$857$593$405$229
31 years$1,627$1,152$799$544$366$202
32 years$1,559$1,090$745$500$331$178
33 years$1,495$1,032$696$460$300$158
34 years$1,436$978$650$423$271$139
35 years$1,379$928$608$390$246$123
36 years$1,326$881$569$359$223$109
37 years$1,276$836$532$331$202$96
38 years$1,229$795$498$305$183$85
39 years$1,184$756$467$281$166$75
40 years$1,142$719$438$259$150$67
41 years$1,101$685$410$239$136$59
42 years$1,063$652$385$221$124$52
43 years$1,027$621$361$204$112$46
44 years$992$592$339$188$102$41
45 years$959$565$318$174$93$36
46 years$928$539$299$160$84$32
47 years$898$514$281$148$76$28
48 years$869$491$264$137$69$25
49 years$842$469$248$127$63$22
50 years$815$448$233$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $835,000, adding $6,450 every year, while hoping to spend $45,469 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: 66/6/28 Blend
59$835,000$835,000$835,000$835,000
60$926,823$882,568$869,626$980,768
61$972,980$877,435$850,379$1,012,830
62$1,022,322$870,527$828,965$1,042,206
63$1,075,124$861,708$805,260$1,073,321
64$1,131,691$850,836$779,141$1,106,349
65$1,192,355$837,759$750,473$1,141,486
66$1,257,481$822,315$719,121$1,178,946
67$1,327,471$804,335$684,938$1,218,969
68$1,402,764$783,639$647,774$1,261,821
69$1,483,844$760,035$607,473$1,307,794
70$1,571,241$733,321$563,867$1,357,216
71$1,665,537$703,284$516,787$1,410,445
72$1,767,374$669,697$466,051$1,467,883
73$1,877,455$632,321$411,473$1,529,971
74$1,996,553$590,902$352,854$1,597,199
75$2,125,518$545,173$289,992$1,670,110
76$2,265,285$494,850$222,671$1,749,305
77$2,416,882$439,636$150,668$1,835,446
78$2,581,438$379,212$73,750$1,929,269
79$2,760,197$313,246$0$2,031,586
80$2,954,527$241,385$0$2,145,788
81$3,165,931$163,255$0$2,294,053
82$3,396,065$78,463$0$2,455,502
83$3,646,749$0$0$2,631,434
84$3,919,988$0$0$2,824,164
85$4,217,987$0$0$3,040,057
86$4,543,175$0$0$3,275,698
87$4,898,222$0$0$3,533,029
88$5,286,072$0$0$3,814,188
89$5,709,961$0$0$4,121,531
90$6,173,455$0$0$4,457,650
91$6,680,480$0$0$4,825,397
92$7,235,357$0$0$5,227,917
93$7,842,845$0$0$5,668,669
94$8,508,186$0$0$6,151,464
95$9,237,152$0$0$6,680,498
96$10,036,097$0$0$7,260,394
97$10,912,022$0$0$7,896,242
98$11,872,638$0$0$8,593,648
99$12,926,435$0$0$9,358,787
100$14,082,768$0$0$10,198,460