Can I retire at age 60 with 830,000?

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 $830,000?

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$68,541$67,930$67,334$66,753$66,185$65,741
2 years$33,931$33,299$32,687$32,093$31,517$31,068
3 years$22,396$21,761$21,150$20,562$19,996$19,557
4 years$16,630$15,997$15,392$14,814$14,261$13,836
5 years$13,171$12,542$11,945$11,378$10,841$10,431
6 years$10,865$10,241$9,653$9,099$8,578$8,183
7 years$9,220$8,601$8,022$7,481$6,976$6,597
8 years$7,986$7,372$6,803$6,276$5,788$5,423
9 years$7,026$6,419$5,860$5,346$4,874$4,525
10 years$6,260$5,658$5,109$4,608$4,153$3,819
11 years$5,633$5,037$4,497$4,010$3,572$3,253
12 years$5,110$4,521$3,991$3,518$3,095$2,791
13 years$4,669$4,086$3,566$3,105$2,699$2,409
14 years$4,291$3,714$3,204$2,757$2,366$2,090
15 years$3,963$3,393$2,893$2,458$2,083$1,821
16 years$3,677$3,113$2,623$2,201$1,841$1,592
17 years$3,425$2,867$2,387$1,978$1,632$1,396
18 years$3,201$2,649$2,179$1,782$1,451$1,228
19 years$3,001$2,455$1,995$1,611$1,294$1,082
20 years$2,821$2,281$1,830$1,459$1,156$956
21 years$2,658$2,125$1,684$1,324$1,034$845
22 years$2,511$1,983$1,552$1,204$927$749
23 years$2,376$1,855$1,433$1,096$832$664
24 years$2,253$1,738$1,325$1,000$748$590
25 years$2,140$1,631$1,227$913$673$524
26 years$2,036$1,533$1,138$835$606$466
27 years$1,939$1,443$1,057$764$547$415
28 years$1,850$1,359$983$700$493$370
29 years$1,767$1,283$914$642$445$330
30 years$1,690$1,211$852$589$402$294
31 years$1,617$1,145$794$541$364$263
32 years$1,550$1,083$741$497$329$235
33 years$1,486$1,026$692$457$298$209
34 years$1,427$972$646$421$270$187
35 years$1,371$922$604$387$244$167
36 years$1,318$875$565$357$221$150
37 years$1,268$831$529$329$201$134
38 years$1,221$790$495$303$182$120
39 years$1,177$751$464$279$165$107
40 years$1,135$715$435$258$150$96
41 years$1,095$680$408$238$136$86
42 years$1,057$648$383$219$123$77
43 years$1,021$617$359$203$112$69
44 years$986$589$337$187$101$61
45 years$953$561$317$173$92$55
46 years$922$535$297$160$84$49
47 years$892$511$279$147$76$44
48 years$864$488$262$136$69$40
49 years$836$466$247$126$63$35
50 years$810$445$232$116$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $830,000, adding $6,542 every year, while hoping to spend $32,241 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: 78/6/16 Blend
59$830,000$830,000$830,000$830,000
60$921,408$877,418$864,553$989,600
61$981,088$886,107$859,211$1,044,168
62$1,045,774$894,142$852,610$1,099,279
63$1,115,943$901,455$844,673$1,158,840
64$1,192,120$907,978$835,321$1,223,284
65$1,274,882$913,634$824,469$1,293,088
66$1,364,861$918,343$812,030$1,368,777
67$1,462,757$922,022$797,913$1,450,933
68$1,569,336$924,579$782,021$1,540,191
69$1,685,444$925,919$764,255$1,637,258
70$1,812,010$925,940$744,508$1,742,906
71$1,950,057$924,533$722,671$1,857,992
72$2,100,712$921,584$698,630$1,983,457
73$2,265,214$916,971$672,263$2,120,339
74$2,444,926$910,563$643,444$2,269,782
75$2,641,353$902,225$612,044$2,433,047
76$2,856,146$891,809$577,923$2,611,524
77$3,091,128$879,163$540,938$2,806,745
78$3,348,304$864,122$500,940$3,020,398
79$3,629,880$846,514$457,771$3,254,344
80$3,938,289$826,154$411,267$3,510,634
81$4,276,208$802,849$361,258$3,791,530
82$4,646,585$776,392$307,564$4,099,524
83$5,052,667$746,566$249,998$4,437,362
84$5,498,033$713,142$188,367$4,808,073
85$5,986,620$675,874$122,465$5,214,994
86$6,522,769$634,505$52,081$5,661,804
87$7,111,259$588,763$0$6,152,556
88$7,757,354$538,359$0$6,695,653
89$8,466,854$482,989$0$7,301,833
90$9,246,149$422,331$0$7,967,666
91$10,102,275$356,044$0$8,699,180
92$11,042,986$283,770$0$9,503,017
93$12,076,824$205,127$0$10,386,493
94$13,213,198$119,716$0$11,357,673
95$14,462,475$27,113$0$12,425,440
96$15,836,076$0$0$13,599,583
97$17,346,585$0$0$14,895,717
98$19,007,866$0$0$16,323,224
99$20,835,193$0$0$17,893,443
100$22,845,397$0$0$19,620,840