Can I retire at age 60 with 838,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$69,201$68,585$67,983$67,396$66,823$64,555
2 years$34,258$33,620$33,002$32,402$31,821$29,558
3 years$22,612$21,971$21,354$20,760$20,188$18,003
4 years$16,790$16,151$15,540$14,957$14,398$12,306
5 years$13,298$12,663$12,060$11,488$10,945$8,952
6 years$10,970$10,340$9,746$9,187$8,661$6,768
7 years$9,308$8,684$8,099$7,553$7,044$5,252
8 years$8,063$7,443$6,869$6,336$5,843$4,150
9 years$7,094$6,481$5,916$5,397$4,921$3,325
10 years$6,320$5,712$5,158$4,652$4,193$2,691
11 years$5,687$5,086$4,541$4,049$3,606$2,196
12 years$5,160$4,564$4,030$3,551$3,125$1,803
13 years$4,714$4,125$3,600$3,135$2,725$1,487
14 years$4,332$3,749$3,235$2,783$2,389$1,232
15 years$4,002$3,425$2,921$2,482$2,103$1,024
16 years$3,713$3,143$2,648$2,223$1,859$854
17 years$3,458$2,894$2,410$1,997$1,648$713
18 years$3,232$2,674$2,200$1,800$1,465$597
19 years$3,030$2,479$2,014$1,626$1,306$500
20 years$2,848$2,303$1,848$1,473$1,167$420
21 years$2,684$2,145$1,700$1,337$1,044$352
22 years$2,535$2,003$1,567$1,215$936$296
23 years$2,399$1,873$1,447$1,107$840$249
24 years$2,275$1,755$1,338$1,009$755$210
25 years$2,160$1,647$1,239$922$679$177
26 years$2,055$1,548$1,149$843$612$149
27 years$1,958$1,457$1,067$772$552$126
28 years$1,868$1,373$992$707$498$106
29 years$1,784$1,295$923$648$450$89
30 years$1,706$1,223$860$595$406$75
31 years$1,633$1,156$802$546$367$64
32 years$1,565$1,094$748$502$332$54
33 years$1,501$1,036$698$462$301$45
34 years$1,441$982$653$425$272$38
35 years$1,384$931$610$391$247$32
36 years$1,331$884$571$360$223$27
37 years$1,281$839$534$332$202$23
38 years$1,233$798$500$306$184$19
39 years$1,188$759$469$282$166$16
40 years$1,146$722$439$260$151$14
41 years$1,105$687$412$240$137$12
42 years$1,067$654$386$222$124$10
43 years$1,030$623$363$204$113$8
44 years$996$594$340$189$102$7
45 years$963$567$320$174$93$6
46 years$931$541$300$161$84$5
47 years$901$516$282$149$77$4
48 years$872$492$265$138$70$4
49 years$845$470$249$127$63$3
50 years$818$449$234$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $838,000, adding $3,264 every year, while hoping to spend $53,403 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: 51/37/12 Blend
59$838,000$838,000$838,000$838,000
60$926,843$882,429$869,440$970,980
61$964,560$868,847$841,746$987,936
62$1,004,335$852,811$811,334$1,000,427
63$1,046,321$834,142$778,057$1,012,788
64$1,090,685$812,654$741,761$1,025,021
65$1,137,610$788,149$702,285$1,037,132
66$1,187,294$760,417$659,460$1,049,131
67$1,239,957$729,236$613,111$1,061,033
68$1,295,835$694,371$563,052$1,072,858
69$1,355,189$655,574$509,093$1,084,630
70$1,418,303$612,582$451,033$1,096,385
71$1,485,489$565,117$388,661$1,108,162
72$1,557,087$512,886$321,760$1,120,013
73$1,633,471$455,578$250,099$1,131,999
74$1,715,048$392,865$173,441$1,144,192
75$1,802,268$324,401$91,537$1,156,679
76$1,895,622$249,818$4,125$1,169,562
77$1,995,647$168,732$0$1,182,960
78$2,102,936$80,732$0$1,208,427
79$2,218,135$0$0$1,236,014
80$2,341,956$0$0$1,271,365
81$2,475,181$0$0$1,344,827
82$2,618,667$0$0$1,424,011
83$2,773,355$0$0$1,509,445
84$2,940,280$0$0$1,601,710
85$3,120,580$0$0$1,701,442
86$3,315,501$0$0$1,809,341
87$3,526,419$0$0$1,926,179
88$3,754,841$0$0$2,052,801
89$4,002,428$0$0$2,190,139
90$4,271,003$0$0$2,339,215
91$4,562,572$0$0$2,501,156
92$4,879,344$0$0$2,677,200
93$5,223,745$0$0$2,868,710
94$5,598,446$0$0$3,077,185
95$6,006,386$0$0$3,304,274
96$6,450,798$0$0$3,551,792
97$6,935,241$0$0$3,821,738
98$7,463,630$0$0$4,116,309
99$8,040,277$0$0$4,437,926
100$8,669,925$0$0$4,789,253