Can I retire at age 60 with 838,000?

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 $838,000?

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$69,201$68,585$67,983$67,396$66,823$66,374
2 years$34,258$33,620$33,002$32,402$31,821$31,368
3 years$22,612$21,971$21,354$20,760$20,188$19,746
4 years$16,790$16,151$15,540$14,957$14,398$13,969
5 years$13,298$12,663$12,060$11,488$10,945$10,531
6 years$10,970$10,340$9,746$9,187$8,661$8,262
7 years$9,308$8,684$8,099$7,553$7,044$6,660
8 years$8,063$7,443$6,869$6,336$5,843$5,476
9 years$7,094$6,481$5,916$5,397$4,921$4,569
10 years$6,320$5,712$5,158$4,652$4,193$3,856
11 years$5,687$5,086$4,541$4,049$3,606$3,284
12 years$5,160$4,564$4,030$3,551$3,125$2,818
13 years$4,714$4,125$3,600$3,135$2,725$2,433
14 years$4,332$3,749$3,235$2,783$2,389$2,110
15 years$4,002$3,425$2,921$2,482$2,103$1,839
16 years$3,713$3,143$2,648$2,223$1,859$1,608
17 years$3,458$2,894$2,410$1,997$1,648$1,410
18 years$3,232$2,674$2,200$1,800$1,465$1,240
19 years$3,030$2,479$2,014$1,626$1,306$1,093
20 years$2,848$2,303$1,848$1,473$1,167$965
21 years$2,684$2,145$1,700$1,337$1,044$853
22 years$2,535$2,003$1,567$1,215$936$756
23 years$2,399$1,873$1,447$1,107$840$671
24 years$2,275$1,755$1,338$1,009$755$595
25 years$2,160$1,647$1,239$922$679$529
26 years$2,055$1,548$1,149$843$612$471
27 years$1,958$1,457$1,067$772$552$419
28 years$1,868$1,373$992$707$498$374
29 years$1,784$1,295$923$648$450$333
30 years$1,706$1,223$860$595$406$297
31 years$1,633$1,156$802$546$367$265
32 years$1,565$1,094$748$502$332$237
33 years$1,501$1,036$698$462$301$211
34 years$1,441$982$653$425$272$189
35 years$1,384$931$610$391$247$169
36 years$1,331$884$571$360$223$151
37 years$1,281$839$534$332$202$135
38 years$1,233$798$500$306$184$121
39 years$1,188$759$469$282$166$108
40 years$1,146$722$439$260$151$97
41 years$1,105$687$412$240$137$87
42 years$1,067$654$386$222$124$77
43 years$1,030$623$363$204$113$69
44 years$996$594$340$189$102$62
45 years$963$567$320$174$93$56
46 years$931$541$300$161$84$50
47 years$901$516$282$149$77$45
48 years$872$492$265$138$70$40
49 years$845$470$249$127$63$36
50 years$818$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 $838,000, adding $3,063 every year, while hoping to spend $58,950 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: 45/42/13 Blend
59$838,000$838,000$838,000$838,000
60$926,635$882,221$869,232$964,770
61$958,430$862,728$835,629$972,100
62$991,492$840,304$798,925$973,824
63$1,025,888$814,742$758,953$974,393
64$1,061,690$785,826$715,539$973,724
65$1,098,976$753,325$668,503$971,729
66$1,137,828$716,995$617,655$968,316
67$1,178,336$676,577$562,796$963,389
68$1,220,596$631,799$503,719$956,849
69$1,264,711$582,372$440,208$948,590
70$1,310,794$527,991$372,038$938,504
71$1,358,966$468,333$298,972$926,476
72$1,409,357$403,058$220,764$912,390
73$1,462,109$331,805$137,157$896,121
74$1,517,375$254,195$47,883$877,542
75$1,575,322$169,824$0$856,522
76$1,636,129$78,270$0$839,496
77$1,699,992$0$0$827,266
78$1,767,124$0$0$822,747
79$1,837,756$0$0$856,086
80$1,912,140$0$0$891,233
81$1,990,549$0$0$928,320
82$2,073,282$0$0$967,496
83$2,160,664$0$0$1,008,918
84$2,253,050$0$0$1,052,762
85$2,350,828$0$0$1,099,218
86$2,454,420$0$0$1,148,492
87$2,564,289$0$0$1,200,813
88$2,680,938$0$0$1,256,429
89$2,804,922$0$0$1,315,612
90$2,936,843$0$0$1,378,658
91$3,077,363$0$0$1,445,894
92$3,227,207$0$0$1,517,676
93$3,387,168$0$0$1,594,396
94$3,558,114$0$0$1,676,481
95$3,740,999$0$0$1,764,402
96$3,936,867$0$0$1,858,674
97$4,146,863$0$0$1,959,862
98$4,372,244$0$0$2,068,586
99$4,614,390$0$0$2,185,529
100$4,874,815$0$0$2,311,437