Can I retire at age 60 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$69,119$68,503$67,902$67,316$66,744$64,893
2 years$34,217$33,580$32,962$32,363$31,783$29,932
3 years$22,585$21,945$21,329$20,736$20,164$18,372
4 years$16,770$16,132$15,522$14,939$14,381$12,661
5 years$13,282$12,648$12,046$11,474$10,932$9,288
6 years$10,957$10,328$9,735$9,176$8,650$7,084
7 years$9,297$8,673$8,090$7,544$7,035$5,547
8 years$8,053$7,434$6,861$6,329$5,836$4,425
9 years$7,086$6,473$5,909$5,391$4,915$3,580
10 years$6,312$5,706$5,152$4,647$4,188$2,927
11 years$5,680$5,079$4,535$4,044$3,602$2,412
12 years$5,153$4,559$4,025$3,547$3,121$2,002
13 years$4,708$4,120$3,596$3,132$2,722$1,670
14 years$4,327$3,745$3,231$2,780$2,386$1,399
15 years$3,997$3,421$2,917$2,479$2,101$1,176
16 years$3,708$3,139$2,645$2,220$1,857$991
17 years$3,454$2,891$2,407$1,995$1,646$838
18 years$3,228$2,671$2,197$1,797$1,464$709
19 years$3,026$2,476$2,011$1,624$1,305$602
20 years$2,845$2,300$1,846$1,471$1,165$511
21 years$2,681$2,143$1,698$1,335$1,043$435
22 years$2,532$2,000$1,565$1,214$935$370
23 years$2,396$1,871$1,445$1,105$839$315
24 years$2,272$1,753$1,336$1,008$754$269
25 years$2,158$1,645$1,238$921$679$229
26 years$2,053$1,546$1,148$842$611$196
27 years$1,956$1,455$1,066$771$551$167
28 years$1,865$1,371$991$706$497$143
29 years$1,782$1,293$922$647$449$122
30 years$1,704$1,221$859$594$406$104
31 years$1,631$1,155$801$546$367$89
32 years$1,563$1,093$747$502$332$76
33 years$1,499$1,035$698$461$300$65
34 years$1,439$981$652$424$272$56
35 years$1,383$930$609$391$246$48
36 years$1,329$883$570$360$223$41
37 years$1,279$838$534$331$202$35
38 years$1,232$797$500$306$183$30
39 years$1,187$758$468$282$166$26
40 years$1,144$721$439$260$151$22
41 years$1,104$686$411$240$137$19
42 years$1,066$654$386$221$124$16
43 years$1,029$623$362$204$113$14
44 years$994$594$340$189$102$12
45 years$961$566$319$174$93$10
46 years$930$540$300$161$84$9
47 years$900$515$282$149$77$7
48 years$871$492$265$137$70$6
49 years$844$470$249$127$63$5
50 years$817$449$234$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $837,000, adding $3,943 every year, while hoping to spend $37,586 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: 41/43/16 Blend
59$837,000$837,000$837,000$837,000
60$926,441$882,080$869,107$959,902
61$980,947$885,311$858,231$987,195
62$1,039,753$887,440$845,730$1,012,744
63$1,103,257$888,374$831,512$1,039,596
64$1,171,899$888,014$815,477$1,067,887
65$1,246,159$886,254$797,522$1,097,770
66$1,326,568$882,981$777,540$1,129,417
67$1,413,708$878,076$755,417$1,163,019
68$1,508,218$871,414$731,036$1,198,787
69$1,610,803$862,861$704,273$1,236,960
70$1,722,238$852,274$674,998$1,277,802
71$1,843,373$839,502$643,078$1,321,609
72$1,975,147$824,387$608,371$1,368,707
73$2,118,590$806,760$570,729$1,419,462
74$2,274,836$786,441$529,998$1,474,282
75$2,445,134$763,242$486,018$1,533,617
76$2,630,857$736,960$438,619$1,597,971
77$2,833,519$707,386$387,627$1,667,902
78$3,054,783$674,292$332,858$1,744,031
79$3,296,481$637,443$274,119$1,827,046
80$3,560,631$596,587$211,211$1,917,713
81$3,849,454$551,458$143,925$2,016,881
82$4,165,394$501,776$72,043$2,125,493
83$4,511,144$447,243$0$2,244,592
84$4,889,669$387,545$0$2,376,135
85$5,304,232$322,351$0$2,533,786
86$5,758,428$251,311$0$2,706,699
87$6,256,217$174,055$0$2,896,497
88$6,801,960$90,192$0$3,104,972
89$7,400,457$0$0$3,334,108
90$8,057,000$0$0$3,586,425
91$8,777,413$0$0$3,910,225
92$9,568,114$0$0$4,265,728
93$10,436,172$0$0$4,656,128
94$11,389,373$0$0$5,084,940
95$12,436,295$0$0$5,556,039
96$13,586,387$0$0$6,073,692
97$14,850,059$0$0$6,642,599
98$16,238,778$0$0$7,267,941
99$17,765,178$0$0$7,955,424
100$19,443,177$0$0$8,711,333