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%11%
1 years$69,036$68,421$67,821$67,236$66,664$66,383
2 years$34,176$33,540$32,923$32,325$31,745$31,461
3 years$22,558$21,919$21,303$20,711$20,140$19,863
4 years$16,750$16,113$15,503$14,921$14,364$14,095
5 years$13,266$12,632$12,031$11,461$10,919$10,659
6 years$10,944$10,315$9,723$9,165$8,640$8,389
7 years$9,286$8,663$8,080$7,535$7,027$6,785
8 years$8,043$7,426$6,852$6,321$5,829$5,597
9 years$7,077$6,465$5,902$5,384$4,909$4,687
10 years$6,305$5,699$5,145$4,641$4,183$3,970
11 years$5,673$5,073$4,530$4,039$3,597$3,394
12 years$5,147$4,554$4,020$3,543$3,117$2,923
13 years$4,703$4,115$3,592$3,128$2,718$2,533
14 years$4,322$3,741$3,227$2,777$2,383$2,206
15 years$3,992$3,417$2,914$2,476$2,098$1,929
16 years$3,704$3,135$2,642$2,217$1,854$1,694
17 years$3,450$2,887$2,404$1,992$1,644$1,492
18 years$3,224$2,668$2,194$1,795$1,462$1,317
19 years$3,023$2,473$2,009$1,622$1,303$1,166
20 years$2,841$2,298$1,844$1,469$1,164$1,034
21 years$2,678$2,140$1,696$1,333$1,042$919
22 years$2,529$1,998$1,563$1,212$934$817
23 years$2,393$1,869$1,443$1,104$838$728
24 years$2,269$1,751$1,335$1,007$753$650
25 years$2,155$1,643$1,236$920$678$580
26 years$2,050$1,544$1,146$841$611$519
27 years$1,953$1,453$1,065$770$550$464
28 years$1,863$1,369$990$705$497$415
29 years$1,780$1,292$921$647$449$372
30 years$1,702$1,220$858$594$405$334
31 years$1,629$1,153$800$545$366$299
32 years$1,561$1,091$746$501$331$268
33 years$1,497$1,033$697$461$300$241
34 years$1,437$979$651$424$272$216
35 years$1,381$929$609$390$246$194
36 years$1,328$882$569$359$223$175
37 years$1,278$837$533$331$202$157
38 years$1,230$796$499$305$183$141
39 years$1,185$757$468$281$166$127
40 years$1,143$720$438$260$151$114
41 years$1,103$685$411$239$137$103
42 years$1,064$653$385$221$124$92
43 years$1,028$622$362$204$113$83
44 years$993$593$340$188$102$75
45 years$960$565$319$174$93$67
46 years$929$539$299$161$84$61
47 years$899$515$281$148$76$55
48 years$870$491$264$137$69$49
49 years$843$469$248$127$63$44
50 years$816$448$234$117$57$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $836,000, adding $4,996 every year, while hoping to spend $54,857 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: 77/16/7 Blend
59$836,000$836,000$836,000$836,000
60$926,425$882,117$869,159$996,586
61$962,553$866,974$839,909$1,028,220
62$1,000,528$849,249$807,840$1,055,311
63$1,040,479$828,760$772,800$1,083,406
64$1,082,549$805,311$734,630$1,112,580
65$1,126,893$778,694$693,164$1,142,919
66$1,173,678$748,692$648,227$1,174,516
67$1,223,088$715,073$599,637$1,207,476
68$1,275,323$677,592$547,205$1,241,912
69$1,330,603$635,991$490,733$1,277,953
70$1,389,164$589,994$430,012$1,315,741
71$1,451,268$539,313$364,827$1,355,432
72$1,517,199$483,641$294,951$1,397,201
73$1,587,269$422,656$220,147$1,441,240
74$1,661,819$356,014$140,171$1,487,764
75$1,741,222$283,356$54,763$1,537,011
76$1,825,885$204,299$0$1,589,243
77$1,916,256$118,440$0$1,647,469
78$2,012,826$25,355$0$1,713,838
79$2,116,130$0$0$1,784,635
80$2,226,758$0$0$1,873,557
81$2,345,356$0$0$1,973,690
82$2,472,632$0$0$2,081,171
83$2,609,364$0$0$2,196,660
84$2,756,405$0$0$2,320,879
85$2,914,693$0$0$2,454,624
86$3,085,255$0$0$2,598,767
87$3,269,222$0$0$2,754,266
88$3,467,837$0$0$2,922,174
89$3,682,462$0$0$3,103,649
90$3,914,597$0$0$3,299,961
91$4,165,891$0$0$3,512,510
92$4,438,155$0$0$3,742,830
93$4,733,381$0$0$3,992,613
94$5,053,760$0$0$4,263,716
95$5,401,701$0$0$4,558,183
96$5,779,855$0$0$4,878,262
97$6,191,136$0$0$5,226,427
98$6,638,753$0$0$5,605,397
99$7,126,235$0$0$6,018,167
100$7,657,465$0$0$6,468,033