Can I retire at age 60 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$69,284$68,667$68,065$67,477$66,903$64,606
2 years$34,299$33,660$33,041$32,441$31,859$29,568
3 years$22,639$21,997$21,380$20,785$20,212$18,000
4 years$16,810$16,170$15,559$14,975$14,416$12,298
5 years$13,313$12,678$12,074$11,502$10,959$8,942
6 years$10,983$10,352$9,758$9,198$8,671$6,757
7 years$9,320$8,694$8,109$7,562$7,052$5,240
8 years$8,072$7,452$6,877$6,344$5,850$4,138
9 years$7,103$6,489$5,923$5,404$4,927$3,313
10 years$6,327$5,719$5,164$4,658$4,198$2,680
11 years$5,694$5,092$4,546$4,054$3,610$2,185
12 years$5,166$4,570$4,035$3,556$3,129$1,793
13 years$4,720$4,130$3,605$3,139$2,728$1,478
14 years$4,337$3,754$3,239$2,787$2,392$1,224
15 years$4,006$3,429$2,924$2,485$2,106$1,017
16 years$3,717$3,146$2,651$2,225$1,861$847
17 years$3,462$2,898$2,413$1,999$1,650$707
18 years$3,236$2,678$2,202$1,802$1,467$591
19 years$3,033$2,482$2,016$1,628$1,308$495
20 years$2,851$2,306$1,850$1,475$1,168$415
21 years$2,687$2,148$1,702$1,338$1,045$348
22 years$2,538$2,005$1,569$1,217$937$293
23 years$2,402$1,875$1,448$1,108$841$246
24 years$2,277$1,757$1,339$1,011$756$207
25 years$2,163$1,649$1,241$923$680$174
26 years$2,058$1,550$1,151$844$613$147
27 years$1,960$1,458$1,068$772$552$123
28 years$1,870$1,374$993$708$498$104
29 years$1,786$1,296$924$649$450$88
30 years$1,708$1,224$861$596$407$74
31 years$1,635$1,157$803$547$368$62
32 years$1,567$1,095$749$503$333$53
33 years$1,503$1,037$699$462$301$44
34 years$1,442$983$653$425$273$37
35 years$1,386$932$611$392$247$32
36 years$1,333$885$571$361$224$27
37 years$1,282$840$535$332$203$22
38 years$1,235$799$501$306$184$19
39 years$1,190$760$469$282$167$16
40 years$1,147$723$440$260$151$13
41 years$1,107$688$412$240$137$11
42 years$1,068$655$387$222$124$10
43 years$1,032$624$363$205$113$8
44 years$997$595$341$189$103$7
45 years$964$567$320$175$93$6
46 years$932$541$300$161$84$5
47 years$902$517$282$149$77$4
48 years$873$493$265$138$70$3
49 years$846$471$249$127$63$3
50 years$819$450$234$118$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $839,000, adding $3,189 every year, while hoping to spend $48,141 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: 56/39/5 Blend
59$839,000$839,000$839,000$839,000
60$927,867$883,400$870,396$978,735
61$971,288$875,465$848,333$1,005,391
62$1,017,525$865,528$823,917$1,028,723
63$1,066,813$853,440$797,018$1,052,934
64$1,119,411$839,042$767,502$1,078,112
65$1,175,604$822,168$735,227$1,104,356
66$1,235,702$802,641$700,043$1,131,779
67$1,300,046$780,272$661,797$1,160,507
68$1,369,010$754,864$620,326$1,190,679
69$1,443,003$726,207$575,461$1,222,456
70$1,522,476$694,077$527,025$1,256,013
71$1,607,921$658,240$474,834$1,291,552
72$1,699,883$618,447$418,694$1,329,293
73$1,798,954$574,435$358,404$1,369,488
74$1,905,790$525,925$293,753$1,412,414
75$2,021,109$472,623$224,522$1,458,384
76$2,145,699$414,219$150,480$1,507,745
77$2,280,428$350,384$71,389$1,560,887
78$2,426,250$280,770$0$1,618,242
79$2,584,212$205,012$0$1,680,989
80$2,755,466$122,722$0$1,753,082
81$2,941,279$33,492$0$1,831,322
82$3,143,045$0$0$1,916,393
83$3,362,297$0$0$2,036,140
84$3,600,720$0$0$2,182,053
85$3,860,169$0$0$2,340,904
86$4,142,686$0$0$2,513,950
87$4,450,516$0$0$2,702,577
88$4,786,131$0$0$2,908,308
89$5,152,251$0$0$3,132,821
90$5,551,871$0$0$3,377,962
91$5,988,285$0$0$3,645,763
92$6,465,123$0$0$3,938,463
93$6,986,378$0$0$4,258,524
94$7,556,448$0$0$4,608,659
95$8,180,175$0$0$4,991,854
96$8,862,891$0$0$5,411,399
97$9,610,466$0$0$5,870,913
98$10,429,366$0$0$6,374,386
99$11,326,712$0$0$6,926,210
100$12,310,343$0$0$7,531,221