Can I retire at age 60 with 835,000?

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 $835,000?

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$68,954$68,339$67,740$67,155$66,584$65,889
2 years$34,135$33,500$32,884$32,286$31,707$31,006
3 years$22,531$21,892$21,278$20,686$20,116$19,433
4 years$16,730$16,093$15,485$14,903$14,347$13,686
5 years$13,250$12,617$12,017$11,447$10,906$10,269
6 years$10,931$10,303$9,711$9,154$8,630$8,017
7 years$9,275$8,652$8,070$7,526$7,018$6,431
8 years$8,034$7,417$6,844$6,314$5,822$5,260
9 years$7,069$6,458$5,895$5,378$4,903$4,366
10 years$6,297$5,692$5,139$4,636$4,178$3,665
11 years$5,666$5,067$4,525$4,034$3,593$3,104
12 years$5,141$4,548$4,015$3,539$3,114$2,648
13 years$4,697$4,110$3,588$3,124$2,715$2,273
14 years$4,317$3,736$3,223$2,773$2,380$1,960
15 years$3,987$3,413$2,910$2,473$2,096$1,698
16 years$3,699$3,131$2,639$2,215$1,852$1,475
17 years$3,446$2,884$2,401$1,990$1,642$1,286
18 years$3,220$2,665$2,192$1,793$1,460$1,123
19 years$3,019$2,470$2,007$1,620$1,302$984
20 years$2,838$2,295$1,841$1,467$1,163$863
21 years$2,674$2,138$1,694$1,332$1,040$758
22 years$2,526$1,995$1,561$1,211$933$667
23 years$2,390$1,866$1,441$1,103$837$588
24 years$2,267$1,749$1,333$1,006$752$518
25 years$2,153$1,641$1,235$919$677$457
26 years$2,048$1,542$1,145$840$610$404
27 years$1,951$1,451$1,063$769$550$357
28 years$1,861$1,368$989$704$496$316
29 years$1,778$1,290$920$646$448$280
30 years$1,700$1,218$857$593$405$248
31 years$1,627$1,152$799$544$366$219
32 years$1,559$1,090$745$500$331$195
33 years$1,495$1,032$696$460$300$172
34 years$1,436$978$650$423$271$153
35 years$1,379$928$608$390$246$136
36 years$1,326$881$569$359$223$120
37 years$1,276$836$532$331$202$107
38 years$1,229$795$498$305$183$95
39 years$1,184$756$467$281$166$84
40 years$1,142$719$438$259$150$75
41 years$1,101$685$410$239$136$66
42 years$1,063$652$385$221$124$59
43 years$1,027$621$361$204$112$52
44 years$992$592$339$188$102$47
45 years$959$565$318$174$93$41
46 years$928$539$299$160$84$37
47 years$898$514$281$148$76$33
48 years$869$491$264$137$69$29
49 years$842$469$248$127$63$26
50 years$815$448$233$117$57$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $835,000, adding $3,261 every year, while hoping to spend $31,068 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: 39/41/20 Blend
59$835,000$835,000$835,000$835,000
60$923,534$879,279$866,336$953,933
61$984,678$889,307$862,302$986,116
62$1,051,018$898,786$857,092$1,017,696
63$1,123,050$907,655$850,633$1,051,205
64$1,201,322$915,851$842,850$1,086,835
65$1,286,435$923,305$833,663$1,124,798
66$1,379,050$929,946$822,990$1,165,330
67$1,479,896$935,697$810,744$1,208,695
68$1,589,775$940,475$796,832$1,255,182
69$1,709,567$944,193$781,161$1,305,112
70$1,840,243$946,759$763,631$1,358,843
71$1,982,872$948,075$744,137$1,416,770
72$2,138,629$948,035$722,570$1,479,331
73$2,308,809$946,528$698,815$1,547,010
74$2,494,837$943,437$672,754$1,620,345
75$2,698,281$938,636$644,262$1,699,931
76$2,920,868$931,992$613,208$1,786,425
77$3,164,502$923,365$579,456$1,880,557
78$3,431,276$912,604$542,862$1,983,134
79$3,723,497$899,552$503,279$2,095,046
80$4,043,704$884,041$460,549$2,217,283
81$4,394,696$865,893$414,512$2,350,936
82$4,779,552$844,919$364,995$2,497,213
83$5,201,667$820,921$311,823$2,657,450
84$5,664,777$793,686$254,809$2,833,125
85$6,173,000$762,992$193,761$3,025,870
86$6,730,869$728,603$128,475$3,237,492
87$7,343,381$690,267$58,742$3,469,985
88$8,016,036$647,720$0$3,725,557
89$8,754,896$600,683$0$4,009,988
90$9,566,639$548,860$0$4,336,222
91$10,458,619$491,937$0$4,694,738
92$11,438,942$429,586$0$5,088,874
93$12,516,534$361,455$0$5,522,318
94$13,701,232$287,178$0$5,999,137
95$15,003,871$206,363$0$6,523,821
96$16,436,390$118,599$0$7,101,324
97$18,011,943$23,451$0$7,737,111
98$19,745,022$0$0$8,437,214
99$21,651,595$0$0$9,244,170
100$23,749,254$0$0$10,143,772