Can I retire at age 60 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$68,706$68,094$67,497$66,914$66,345$65,652
2 years$34,013$33,379$32,765$32,170$31,593$30,895
3 years$22,450$21,814$21,201$20,612$20,044$19,363
4 years$16,670$16,035$15,429$14,850$14,295$13,636
5 years$13,202$12,572$11,974$11,406$10,867$10,232
6 years$10,892$10,266$9,677$9,121$8,599$7,989
7 years$9,242$8,621$8,041$7,499$6,993$6,408
8 years$8,005$7,390$6,820$6,291$5,801$5,241
9 years$7,043$6,434$5,874$5,358$4,886$4,350
10 years$6,275$5,672$5,121$4,619$4,163$3,652
11 years$5,646$5,049$4,508$4,020$3,580$3,093
12 years$5,123$4,532$4,001$3,526$3,103$2,639
13 years$4,680$4,095$3,575$3,113$2,705$2,265
14 years$4,301$3,723$3,212$2,763$2,372$1,953
15 years$3,973$3,401$2,900$2,464$2,088$1,691
16 years$3,686$3,120$2,629$2,207$1,845$1,470
17 years$3,433$2,873$2,392$1,983$1,636$1,281
18 years$3,209$2,655$2,184$1,787$1,455$1,119
19 years$3,008$2,461$1,999$1,614$1,297$980
20 years$2,828$2,287$1,835$1,462$1,158$860
21 years$2,665$2,130$1,688$1,327$1,037$755
22 years$2,517$1,988$1,555$1,207$929$665
23 years$2,382$1,860$1,436$1,099$834$586
24 years$2,258$1,742$1,328$1,002$750$516
25 years$2,145$1,635$1,230$915$675$456
26 years$2,041$1,537$1,141$837$608$403
27 years$1,944$1,446$1,060$766$548$356
28 years$1,854$1,363$985$702$494$315
29 years$1,771$1,286$917$644$446$279
30 years$1,694$1,214$854$591$403$247
31 years$1,621$1,148$796$542$365$219
32 years$1,553$1,086$743$499$330$194
33 years$1,490$1,028$693$458$299$172
34 years$1,430$975$648$422$270$152
35 years$1,374$925$606$388$245$135
36 years$1,321$878$567$358$222$120
37 years$1,272$833$530$330$201$106
38 years$1,224$792$497$304$182$94
39 years$1,180$753$465$280$165$84
40 years$1,137$717$436$258$150$74
41 years$1,097$682$409$238$136$66
42 years$1,059$650$384$220$123$59
43 years$1,023$619$360$203$112$52
44 years$989$590$338$187$102$46
45 years$956$563$317$173$92$41
46 years$924$537$298$160$84$37
47 years$894$512$280$148$76$32
48 years$866$489$263$137$69$29
49 years$838$467$247$126$63$26
50 years$812$446$232$117$57$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $832,000, adding $4,960 every year, while hoping to spend $56,892 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: 63/16/21 Blend
59$832,000$832,000$832,000$832,000
60$921,980$877,884$864,988$974,766
61$955,490$860,368$833,433$993,437
62$990,510$840,087$798,913$1,007,005
63$1,027,136$816,844$761,271$1,020,518
64$1,065,469$790,435$720,338$1,033,975
65$1,105,619$760,638$675,942$1,047,378
66$1,147,705$727,223$627,899$1,060,733
67$1,191,858$689,944$576,021$1,074,046
68$1,238,218$648,542$520,108$1,087,330
69$1,286,937$602,741$459,953$1,100,598
70$1,338,182$552,253$395,338$1,113,872
71$1,392,134$496,770$326,039$1,127,175
72$1,448,988$435,968$251,818$1,140,538
73$1,508,959$369,505$172,428$1,154,001
74$1,572,281$297,019$87,613$1,167,608
75$1,639,208$218,127$0$1,181,413
76$1,710,018$132,427$0$1,196,132
77$1,785,015$39,490$0$1,232,182
78$1,864,529$0$0$1,270,065
79$1,948,923$0$0$1,320,716
80$2,038,593$0$0$1,381,951
81$2,133,972$0$0$1,447,118
82$2,235,534$0$0$1,516,545
83$2,343,798$0$0$1,590,590
84$2,459,333$0$0$1,669,648
85$2,582,761$0$0$1,754,149
86$2,714,765$0$0$1,844,567
87$2,856,093$0$0$1,941,419
88$3,007,565$0$0$2,045,275
89$3,170,083$0$0$2,156,757
90$3,344,633$0$0$2,276,551
91$3,532,300$0$0$2,405,408
92$3,734,275$0$0$2,544,153
93$3,951,864$0$0$2,693,691
94$4,186,503$0$0$2,855,019
95$4,439,768$0$0$3,029,229
96$4,713,394$0$0$3,217,523
97$5,009,284$0$0$3,421,221
98$5,329,530$0$0$3,641,775
99$5,676,435$0$0$3,880,780
100$6,052,528$0$0$4,139,992