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%13.3%
1 years$69,119$68,503$67,902$67,316$66,744$65,828
2 years$34,217$33,580$32,962$32,363$31,783$30,862
3 years$22,585$21,945$21,329$20,736$20,164$19,267
4 years$16,770$16,132$15,522$14,939$14,381$13,514
5 years$13,282$12,648$12,046$11,474$10,932$10,098
6 years$10,957$10,328$9,735$9,176$8,650$7,850
7 years$9,297$8,673$8,090$7,544$7,035$6,269
8 years$8,053$7,434$6,861$6,329$5,836$5,104
9 years$7,086$6,473$5,909$5,391$4,915$4,216
10 years$6,312$5,706$5,152$4,647$4,188$3,522
11 years$5,680$5,079$4,535$4,044$3,602$2,968
12 years$5,153$4,559$4,025$3,547$3,121$2,520
13 years$4,708$4,120$3,596$3,132$2,722$2,151
14 years$4,327$3,745$3,231$2,780$2,386$1,845
15 years$3,997$3,421$2,917$2,479$2,101$1,590
16 years$3,708$3,139$2,645$2,220$1,857$1,374
17 years$3,454$2,891$2,407$1,995$1,646$1,190
18 years$3,228$2,671$2,197$1,797$1,464$1,034
19 years$3,026$2,476$2,011$1,624$1,305$900
20 years$2,845$2,300$1,846$1,471$1,165$785
21 years$2,681$2,143$1,698$1,335$1,043$686
22 years$2,532$2,000$1,565$1,214$935$600
23 years$2,396$1,871$1,445$1,105$839$525
24 years$2,272$1,753$1,336$1,008$754$460
25 years$2,158$1,645$1,238$921$679$404
26 years$2,053$1,546$1,148$842$611$354
27 years$1,956$1,455$1,066$771$551$311
28 years$1,865$1,371$991$706$497$274
29 years$1,782$1,293$922$647$449$241
30 years$1,704$1,221$859$594$406$212
31 years$1,631$1,155$801$546$367$186
32 years$1,563$1,093$747$502$332$164
33 years$1,499$1,035$698$461$300$144
34 years$1,439$981$652$424$272$127
35 years$1,383$930$609$391$246$112
36 years$1,329$883$570$360$223$99
37 years$1,279$838$534$331$202$87
38 years$1,232$797$500$306$183$77
39 years$1,187$758$468$282$166$68
40 years$1,144$721$439$260$151$60
41 years$1,104$686$411$240$137$53
42 years$1,066$654$386$221$124$46
43 years$1,029$623$362$204$113$41
44 years$994$594$340$189$102$36
45 years$961$566$319$174$93$32
46 years$930$540$300$161$84$28
47 years$900$515$282$149$77$25
48 years$871$492$265$137$70$22
49 years$844$470$249$127$63$19
50 years$817$449$234$117$57$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $837,000, adding $4,542 every year, while hoping to spend $36,883 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: 80/5/15 Blend
59$837,000$837,000$837,000$837,000
60$927,059$882,698$869,725$998,005
61$982,376$886,707$859,617$1,049,328
62$1,042,099$889,676$847,935$1,100,435
63$1,106,638$891,516$834,586$1,155,473
64$1,176,446$892,130$819,475$1,214,822
65$1,252,017$891,418$802,501$1,278,898
66$1,333,897$889,272$783,559$1,348,159
67$1,422,685$885,577$762,539$1,423,110
68$1,519,040$880,212$739,325$1,504,310
69$1,623,688$873,048$713,799$1,592,371
70$1,737,426$863,949$685,832$1,687,971
71$1,861,130$852,770$655,295$1,791,854
72$1,995,767$839,357$622,049$1,904,843
73$2,142,398$823,548$585,951$2,027,842
74$2,302,192$805,171$546,849$2,161,851
75$2,476,435$784,044$504,588$2,307,968
76$2,666,543$759,973$459,003$2,467,408
77$2,874,073$732,755$409,922$2,641,505
78$3,100,740$702,172$357,167$2,831,734
79$3,348,434$667,996$300,550$3,039,717
80$3,619,232$629,986$239,876$3,267,245
81$3,915,422$587,884$174,941$3,516,291
82$4,239,526$541,421$105,532$3,789,028
83$4,594,317$490,310$31,427$4,087,855
84$4,982,852$434,249$0$4,415,412
85$5,408,494$372,919$0$4,782,240
86$5,874,949$305,981$0$5,189,784
87$6,386,299$233,079$0$5,636,589
88$6,947,037$153,836$0$6,126,598
89$7,562,115$67,854$0$6,664,152
90$8,236,986$0$0$7,254,038
91$8,977,654$0$0$7,902,918
92$9,790,736$0$0$8,619,360
93$10,683,519$0$0$9,406,055
94$11,664,031$0$0$10,270,080
95$12,741,116$0$0$11,219,230
96$13,924,515$0$0$12,262,095
97$15,224,960$0$0$13,408,134
98$16,654,275$0$0$14,667,771
99$18,225,486$0$0$16,052,490
100$19,952,944$0$0$17,574,940