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%17.6%
1 years$68,954$68,339$67,740$67,155$66,584$64,530
2 years$34,135$33,500$32,884$32,286$31,707$29,655
3 years$22,531$21,892$21,278$20,686$20,116$18,132
4 years$16,730$16,093$15,485$14,903$14,347$12,445
5 years$13,250$12,617$12,017$11,447$10,906$9,091
6 years$10,931$10,303$9,711$9,154$8,630$6,904
7 years$9,275$8,652$8,070$7,526$7,018$5,381
8 years$8,034$7,417$6,844$6,314$5,822$4,273
9 years$7,069$6,458$5,895$5,378$4,903$3,440
10 years$6,297$5,692$5,139$4,636$4,178$2,798
11 years$5,666$5,067$4,525$4,034$3,593$2,295
12 years$5,141$4,548$4,015$3,539$3,114$1,894
13 years$4,697$4,110$3,588$3,124$2,715$1,571
14 years$4,317$3,736$3,223$2,773$2,380$1,309
15 years$3,987$3,413$2,910$2,473$2,096$1,094
16 years$3,699$3,131$2,639$2,215$1,852$917
17 years$3,446$2,884$2,401$1,990$1,642$771
18 years$3,220$2,665$2,192$1,793$1,460$649
19 years$3,019$2,470$2,007$1,620$1,302$547
20 years$2,838$2,295$1,841$1,467$1,163$462
21 years$2,674$2,138$1,694$1,332$1,040$390
22 years$2,526$1,995$1,561$1,211$933$330
23 years$2,390$1,866$1,441$1,103$837$280
24 years$2,267$1,749$1,333$1,006$752$237
25 years$2,153$1,641$1,235$919$677$201
26 years$2,048$1,542$1,145$840$610$170
27 years$1,951$1,451$1,063$769$550$144
28 years$1,861$1,368$989$704$496$123
29 years$1,778$1,290$920$646$448$104
30 years$1,700$1,218$857$593$405$88
31 years$1,627$1,152$799$544$366$75
32 years$1,559$1,090$745$500$331$64
33 years$1,495$1,032$696$460$300$54
34 years$1,436$978$650$423$271$46
35 years$1,379$928$608$390$246$39
36 years$1,326$881$569$359$223$33
37 years$1,276$836$532$331$202$28
38 years$1,229$795$498$305$183$24
39 years$1,184$756$467$281$166$20
40 years$1,142$719$438$259$150$17
41 years$1,101$685$410$239$136$15
42 years$1,063$652$385$221$124$13
43 years$1,027$621$361$204$112$11
44 years$992$592$339$188$102$9
45 years$959$565$318$174$93$8
46 years$928$539$299$160$84$7
47 years$898$514$281$148$76$6
48 years$869$491$264$137$69$5
49 years$842$469$248$127$63$4
50 years$815$448$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $835,000, adding $5,954 every year, while hoping to spend $29,790 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: 46/25/29 Blend
59$835,000$835,000$835,000$835,000
60$926,312$882,057$869,114$960,949
61$989,099$893,581$866,533$997,632
62$1,057,292$904,672$862,867$1,034,079
63$1,131,412$915,276$858,049$1,073,059
64$1,212,029$925,338$852,006$1,114,827
65$1,299,773$934,796$844,666$1,159,662
66$1,395,336$943,588$835,949$1,207,876
67$1,499,482$951,645$825,774$1,259,813
68$1,613,047$958,894$814,056$1,315,853
69$1,736,956$965,258$800,705$1,376,418
70$1,872,224$970,654$785,627$1,441,972
71$2,019,969$974,994$768,723$1,513,030
72$2,181,423$978,186$749,893$1,590,161
73$2,357,940$980,129$729,026$1,673,994
74$2,551,014$980,719$706,013$1,765,224
75$2,762,287$979,844$680,734$1,864,619
76$2,993,569$977,385$653,067$1,973,030
77$3,246,851$973,215$622,883$2,091,393
78$3,524,329$967,202$590,048$2,220,747
79$3,828,417$959,201$554,422$2,362,236
80$4,161,778$949,064$515,857$2,517,126
81$4,527,341$936,631$474,200$2,686,816
82$4,928,336$921,731$429,292$2,872,849
83$5,368,317$904,187$380,964$3,076,930
84$5,851,200$883,807$329,041$3,300,943
85$6,381,300$860,392$273,342$3,546,967
86$6,963,369$833,727$213,675$3,817,298
87$7,602,641$803,588$149,841$4,114,471
88$8,304,882$769,735$81,633$4,441,285
89$9,076,445$731,917$8,832$4,800,827
90$9,924,328$689,867$0$5,196,509
91$10,856,241$643,302$0$5,653,400
92$11,880,678$591,924$0$6,158,649
93$13,006,995$535,416$0$6,714,180
94$14,245,504$473,447$0$7,325,132
95$15,607,562$405,662$0$7,997,168
96$17,105,683$331,690$0$8,736,535
97$18,753,657$251,137$0$9,550,119
98$20,566,675$163,588$0$10,445,510
99$22,561,475$68,603$0$11,431,079
100$24,756,501$0$0$12,516,051