Can I retire at age 60 with 835,000?

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 $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%13.7%
1 years$68,954$68,339$67,740$67,155$66,584$65,562
2 years$34,135$33,500$32,884$32,286$31,707$30,679
3 years$22,531$21,892$21,278$20,686$20,116$19,116
4 years$16,730$16,093$15,485$14,903$14,347$13,381
5 years$13,250$12,617$12,017$11,447$10,906$9,978
6 years$10,931$10,303$9,711$9,154$8,630$7,739
7 years$9,275$8,652$8,070$7,526$7,018$6,167
8 years$8,034$7,417$6,844$6,314$5,822$5,009
9 years$7,069$6,458$5,895$5,378$4,903$4,128
10 years$6,297$5,692$5,139$4,636$4,178$3,440
11 years$5,666$5,067$4,525$4,034$3,593$2,892
12 years$5,141$4,548$4,015$3,539$3,114$2,449
13 years$4,697$4,110$3,588$3,124$2,715$2,085
14 years$4,317$3,736$3,223$2,773$2,380$1,784
15 years$3,987$3,413$2,910$2,473$2,096$1,532
16 years$3,699$3,131$2,639$2,215$1,852$1,321
17 years$3,446$2,884$2,401$1,990$1,642$1,141
18 years$3,220$2,665$2,192$1,793$1,460$989
19 years$3,019$2,470$2,007$1,620$1,302$858
20 years$2,838$2,295$1,841$1,467$1,163$746
21 years$2,674$2,138$1,694$1,332$1,040$650
22 years$2,526$1,995$1,561$1,211$933$567
23 years$2,390$1,866$1,441$1,103$837$494
24 years$2,267$1,749$1,333$1,006$752$432
25 years$2,153$1,641$1,235$919$677$378
26 years$2,048$1,542$1,145$840$610$331
27 years$1,951$1,451$1,063$769$550$289
28 years$1,861$1,368$989$704$496$254
29 years$1,778$1,290$920$646$448$222
30 years$1,700$1,218$857$593$405$195
31 years$1,627$1,152$799$544$366$171
32 years$1,559$1,090$745$500$331$150
33 years$1,495$1,032$696$460$300$132
34 years$1,436$978$650$423$271$116
35 years$1,379$928$608$390$246$102
36 years$1,326$881$569$359$223$89
37 years$1,276$836$532$331$202$78
38 years$1,229$795$498$305$183$69
39 years$1,184$756$467$281$166$60
40 years$1,142$719$438$259$150$53
41 years$1,101$685$410$239$136$47
42 years$1,063$652$385$221$124$41
43 years$1,027$621$361$204$112$36
44 years$992$592$339$188$102$32
45 years$959$565$318$174$93$28
46 years$928$539$299$160$84$25
47 years$898$514$281$148$76$22
48 years$869$491$264$137$69$19
49 years$842$469$248$127$63$17
50 years$815$448$233$117$57$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $835,000, adding $5,772 every year, while hoping to spend $47,791 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: 63/7/30 Blend
59$835,000$835,000$835,000$835,000
60$926,124$881,869$868,926$976,674
61$969,739$874,231$847,186$1,004,069
62$1,016,202$864,617$823,116$1,028,282
63$1,065,751$852,881$796,587$1,053,723
64$1,118,650$838,864$767,465$1,080,523
65$1,175,187$822,403$735,610$1,108,825
66$1,235,677$803,322$700,874$1,138,791
67$1,300,467$781,436$663,104$1,170,600
68$1,369,936$756,548$622,140$1,204,451
69$1,444,501$728,450$577,813$1,240,567
70$1,524,619$696,923$529,948$1,279,193
71$1,610,791$661,733$478,363$1,320,606
72$1,703,569$622,635$422,865$1,365,109
73$1,803,557$579,368$363,255$1,413,043
74$1,911,420$531,657$299,324$1,464,783
75$2,027,888$479,211$230,854$1,520,748
76$2,153,762$421,722$157,618$1,581,402
77$2,289,926$358,866$79,377$1,647,259
78$2,437,347$290,300$0$1,718,891
79$2,597,091$215,659$0$1,798,248
80$2,770,330$134,562$0$1,911,916
81$2,958,352$46,604$0$2,035,322
82$3,162,574$0$0$2,169,420
83$3,384,554$0$0$2,319,003
84$3,626,008$0$0$2,485,665
85$3,888,821$0$0$2,667,126
86$4,175,068$0$0$2,864,826
87$4,487,036$0$0$3,080,349
88$4,827,236$0$0$3,315,439
89$5,198,436$0$0$3,572,018
90$5,603,682$0$0$3,852,196
91$6,046,325$0$0$4,158,302
92$6,530,057$0$0$4,492,896
93$7,058,940$0$0$4,858,797
94$7,637,447$0$0$5,259,111
95$8,270,505$0$0$5,697,255
96$8,963,538$0$0$6,176,994
97$9,722,517$0$0$6,702,472
98$10,554,019$0$0$7,278,256
99$11,465,289$0$0$7,909,371
100$12,464,303$0$0$8,601,355