Can I retire at age 60 with 836,000?

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 $836,000?

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$69,036$68,421$67,821$67,236$66,664$65,776
2 years$34,176$33,540$32,923$32,325$31,745$30,852
3 years$22,558$21,919$21,303$20,711$20,140$19,270
4 years$16,750$16,113$15,503$14,921$14,364$13,523
5 years$13,266$12,632$12,031$11,461$10,919$10,110
6 years$10,944$10,315$9,723$9,165$8,640$7,863
7 years$9,286$8,663$8,080$7,535$7,027$6,283
8 years$8,043$7,426$6,852$6,321$5,829$5,118
9 years$7,077$6,465$5,902$5,384$4,909$4,231
10 years$6,305$5,699$5,145$4,641$4,183$3,536
11 years$5,673$5,073$4,530$4,039$3,597$2,982
12 years$5,147$4,554$4,020$3,543$3,117$2,533
13 years$4,703$4,115$3,592$3,128$2,718$2,164
14 years$4,322$3,741$3,227$2,777$2,383$1,858
15 years$3,992$3,417$2,914$2,476$2,098$1,601
16 years$3,704$3,135$2,642$2,217$1,854$1,385
17 years$3,450$2,887$2,404$1,992$1,644$1,201
18 years$3,224$2,668$2,194$1,795$1,462$1,044
19 years$3,023$2,473$2,009$1,622$1,303$910
20 years$2,841$2,298$1,844$1,469$1,164$794
21 years$2,678$2,140$1,696$1,333$1,042$694
22 years$2,529$1,998$1,563$1,212$934$607
23 years$2,393$1,869$1,443$1,104$838$532
24 years$2,269$1,751$1,335$1,007$753$467
25 years$2,155$1,643$1,236$920$678$410
26 years$2,050$1,544$1,146$841$611$360
27 years$1,953$1,453$1,065$770$550$316
28 years$1,863$1,369$990$705$497$278
29 years$1,780$1,292$921$647$449$245
30 years$1,702$1,220$858$594$405$216
31 years$1,629$1,153$800$545$366$190
32 years$1,561$1,091$746$501$331$167
33 years$1,497$1,033$697$461$300$148
34 years$1,437$979$651$424$272$130
35 years$1,381$929$609$390$246$115
36 years$1,328$882$569$359$223$101
37 years$1,278$837$533$331$202$89
38 years$1,230$796$499$305$183$79
39 years$1,185$757$468$281$166$70
40 years$1,143$720$438$260$151$61
41 years$1,103$685$411$239$137$54
42 years$1,064$653$385$221$124$48
43 years$1,028$622$362$204$113$42
44 years$993$593$340$188$102$37
45 years$960$565$319$174$93$33
46 years$929$539$299$161$84$29
47 years$899$515$281$148$76$26
48 years$870$491$264$137$69$23
49 years$843$469$248$127$63$20
50 years$816$448$234$117$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $836,000, adding $4,265 every year, while hoping to spend $45,214 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: 66/19/15 Blend
59$836,000$836,000$836,000$836,000
60$925,671$881,363$868,405$983,189
61$971,982$876,443$849,390$1,017,231
62$1,021,502$869,766$828,221$1,048,759
63$1,074,509$861,198$804,781$1,082,098
64$1,131,311$850,599$778,943$1,117,425
65$1,192,243$837,817$750,576$1,154,933
66$1,257,675$822,693$719,544$1,194,838
67$1,328,012$805,059$685,702$1,237,378
68$1,403,697$784,735$648,901$1,282,819
69$1,485,220$761,532$608,985$1,331,453
70$1,573,116$735,251$565,789$1,383,606
71$1,667,973$705,678$519,143$1,439,636
72$1,770,440$672,590$468,868$1,499,942
73$1,881,227$635,749$414,777$1,564,966
74$2,001,116$594,904$356,676$1,635,195
75$2,130,966$549,790$294,360$1,711,170
76$2,271,720$500,126$227,617$1,793,489
77$2,424,419$445,615$156,226$1,882,815
78$2,590,204$385,945$79,953$1,979,880
79$2,770,332$320,783$0$2,085,494
80$2,966,184$249,780$0$2,200,786
81$3,179,281$172,566$0$2,340,186
82$3,411,297$88,750$0$2,492,024
83$3,664,072$0$0$2,657,555
84$3,939,632$0$0$2,838,602
85$4,240,206$0$0$3,056,373
86$4,568,249$0$0$3,294,095
87$4,926,462$0$0$3,553,733
88$5,317,818$0$0$3,837,449
89$5,745,592$0$0$4,147,623
90$6,213,387$0$0$4,486,875
91$6,725,173$0$0$4,858,091
92$7,285,318$0$0$5,264,448
93$7,898,635$0$0$5,709,445
94$8,570,422$0$0$6,196,934
95$9,306,514$0$0$6,731,159
96$10,113,337$0$0$7,316,792
97$10,997,970$0$0$7,958,979
98$11,968,207$0$0$8,663,390
99$13,032,634$0$0$9,436,268
100$14,200,709$0$0$10,284,489