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%11.6%
1 years$69,119$68,503$67,902$67,316$66,744$66,295
2 years$34,217$33,580$32,962$32,363$31,783$31,330
3 years$22,585$21,945$21,329$20,736$20,164$19,722
4 years$16,770$16,132$15,522$14,939$14,381$13,953
5 years$13,282$12,648$12,046$11,474$10,932$10,519
6 years$10,957$10,328$9,735$9,176$8,650$8,252
7 years$9,297$8,673$8,090$7,544$7,035$6,652
8 years$8,053$7,434$6,861$6,329$5,836$5,469
9 years$7,086$6,473$5,909$5,391$4,915$4,563
10 years$6,312$5,706$5,152$4,647$4,188$3,851
11 years$5,680$5,079$4,535$4,044$3,602$3,280
12 years$5,153$4,559$4,025$3,547$3,121$2,815
13 years$4,708$4,120$3,596$3,132$2,722$2,430
14 years$4,327$3,745$3,231$2,780$2,386$2,108
15 years$3,997$3,421$2,917$2,479$2,101$1,836
16 years$3,708$3,139$2,645$2,220$1,857$1,606
17 years$3,454$2,891$2,407$1,995$1,646$1,408
18 years$3,228$2,671$2,197$1,797$1,464$1,238
19 years$3,026$2,476$2,011$1,624$1,305$1,091
20 years$2,845$2,300$1,846$1,471$1,165$964
21 years$2,681$2,143$1,698$1,335$1,043$852
22 years$2,532$2,000$1,565$1,214$935$755
23 years$2,396$1,871$1,445$1,105$839$670
24 years$2,272$1,753$1,336$1,008$754$595
25 years$2,158$1,645$1,238$921$679$529
26 years$2,053$1,546$1,148$842$611$470
27 years$1,956$1,455$1,066$771$551$419
28 years$1,865$1,371$991$706$497$373
29 years$1,782$1,293$922$647$449$333
30 years$1,704$1,221$859$594$406$297
31 years$1,631$1,155$801$546$367$265
32 years$1,563$1,093$747$502$332$237
33 years$1,499$1,035$698$461$300$211
34 years$1,439$981$652$424$272$189
35 years$1,383$930$609$391$246$169
36 years$1,329$883$570$360$223$151
37 years$1,279$838$534$331$202$135
38 years$1,232$797$500$306$183$121
39 years$1,187$758$468$282$166$108
40 years$1,144$721$439$260$151$97
41 years$1,104$686$411$240$137$86
42 years$1,066$654$386$221$124$77
43 years$1,029$623$362$204$113$69
44 years$994$594$340$189$102$62
45 years$961$566$319$174$93$55
46 years$930$540$300$161$84$50
47 years$900$515$282$149$77$44
48 years$871$492$265$137$70$40
49 years$844$470$249$127$63$36
50 years$817$449$234$117$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $837,000, adding $2,913 every year, while hoping to spend $44,769 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: 38/36/26 Blend
59$837,000$837,000$837,000$837,000
60$925,379$881,018$868,044$953,276
61$972,134$876,554$849,490$969,480
62$1,022,157$870,371$828,813$982,635
63$1,075,735$862,337$805,897$995,980
64$1,133,181$852,313$780,616$1,009,561
65$1,194,840$840,151$752,841$1,023,433
66$1,261,090$825,694$722,437$1,037,657
67$1,332,345$808,777$689,263$1,052,307
68$1,409,061$789,223$653,169$1,067,467
69$1,491,737$766,848$614,003$1,083,236
70$1,580,924$741,452$571,601$1,099,725
71$1,677,224$712,829$525,795$1,117,063
72$1,781,300$680,757$476,409$1,135,397
73$1,893,882$645,004$423,258$1,154,895
74$2,015,770$605,321$366,149$1,175,747
75$2,147,845$561,448$304,882$1,198,169
76$2,291,075$513,109$239,246$1,222,407
77$2,446,526$460,013$169,021$1,248,738
78$2,615,368$401,850$93,980$1,277,474
79$2,798,889$338,295$13,882$1,308,967
80$2,998,508$269,003$0$1,343,614
81$3,215,783$193,611$0$1,401,723
82$3,452,430$111,735$0$1,469,334
83$3,710,337$22,970$0$1,543,228
84$3,991,582$0$0$1,624,112
85$4,298,452$0$0$1,741,738
86$4,633,464$0$0$1,880,192
87$4,999,389$0$0$2,031,533
88$5,399,278$0$0$2,197,037
89$5,836,490$0$0$2,378,109
90$6,314,720$0$0$2,576,294
91$6,838,043$0$0$2,793,297
92$7,410,939$0$0$3,030,992
93$8,038,346$0$0$3,291,444
94$8,725,701$0$0$3,576,928
95$9,478,991$0$0$3,889,948
96$10,304,809$0$0$4,233,264
97$11,210,418$0$0$4,609,915
98$12,203,816$0$0$5,023,247
99$13,293,814$0$0$5,476,947
100$14,490,116$0$0$5,975,076