Can I retire at age 60 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$69,036$68,421$67,821$67,236$66,664$64,607
2 years$34,176$33,540$32,923$32,325$31,745$29,691
3 years$22,558$21,919$21,303$20,711$20,140$18,153
4 years$16,750$16,113$15,503$14,921$14,364$12,460
5 years$13,266$12,632$12,031$11,461$10,919$9,102
6 years$10,944$10,315$9,723$9,165$8,640$6,912
7 years$9,286$8,663$8,080$7,535$7,027$5,387
8 years$8,043$7,426$6,852$6,321$5,829$4,278
9 years$7,077$6,465$5,902$5,384$4,909$3,444
10 years$6,305$5,699$5,145$4,641$4,183$2,801
11 years$5,673$5,073$4,530$4,039$3,597$2,297
12 years$5,147$4,554$4,020$3,543$3,117$1,896
13 years$4,703$4,115$3,592$3,128$2,718$1,573
14 years$4,322$3,741$3,227$2,777$2,383$1,311
15 years$3,992$3,417$2,914$2,476$2,098$1,096
16 years$3,704$3,135$2,642$2,217$1,854$918
17 years$3,450$2,887$2,404$1,992$1,644$772
18 years$3,224$2,668$2,194$1,795$1,462$650
19 years$3,023$2,473$2,009$1,622$1,303$548
20 years$2,841$2,298$1,844$1,469$1,164$462
21 years$2,678$2,140$1,696$1,333$1,042$391
22 years$2,529$1,998$1,563$1,212$934$331
23 years$2,393$1,869$1,443$1,104$838$280
24 years$2,269$1,751$1,335$1,007$753$237
25 years$2,155$1,643$1,236$920$678$201
26 years$2,050$1,544$1,146$841$611$170
27 years$1,953$1,453$1,065$770$550$145
28 years$1,863$1,369$990$705$497$123
29 years$1,780$1,292$921$647$449$104
30 years$1,702$1,220$858$594$405$88
31 years$1,629$1,153$800$545$366$75
32 years$1,561$1,091$746$501$331$64
33 years$1,497$1,033$697$461$300$54
34 years$1,437$979$651$424$272$46
35 years$1,381$929$609$390$246$39
36 years$1,328$882$569$359$223$33
37 years$1,278$837$533$331$202$28
38 years$1,230$796$499$305$183$24
39 years$1,185$757$468$281$166$20
40 years$1,143$720$438$260$151$17
41 years$1,103$685$411$239$137$15
42 years$1,064$653$385$221$124$13
43 years$1,028$622$362$204$113$11
44 years$993$593$340$188$102$9
45 years$960$565$319$174$93$8
46 years$929$539$299$161$84$7
47 years$899$515$281$148$76$6
48 years$870$491$264$137$69$5
49 years$843$469$248$127$63$4
50 years$816$448$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 $836,000, adding $2,633 every year, while hoping to spend $50,988 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: 43/27/30 Blend
59$836,000$836,000$836,000$836,000
60$923,988$879,680$866,722$955,537
61$963,984$868,533$841,506$967,340
62$1,006,350$855,132$813,737$975,125
63$1,051,276$839,311$783,275$982,605
64$1,098,965$820,896$749,974$989,785
65$1,149,643$799,704$713,682$996,671
66$1,203,556$775,539$674,239$1,003,274
67$1,260,972$748,194$631,480$1,009,613
68$1,322,187$717,450$585,229$1,015,711
69$1,387,522$683,077$535,306$1,021,599
70$1,457,331$644,830$481,521$1,027,317
71$1,532,001$602,449$423,675$1,032,913
72$1,611,958$555,661$361,560$1,038,447
73$1,697,666$504,177$294,961$1,043,991
74$1,789,637$447,691$223,651$1,049,631
75$1,888,432$385,880$147,396$1,055,468
76$1,994,666$318,402$65,947$1,061,620
77$2,109,014$244,896$0$1,068,226
78$2,232,219$164,982$0$1,082,160
79$2,365,096$78,256$0$1,119,859
80$2,508,539$0$0$1,160,492
81$2,663,534$0$0$1,209,067
82$2,831,160$0$0$1,286,826
83$3,012,606$0$0$1,371,082
84$3,209,179$0$0$1,462,451
85$3,422,314$0$0$1,561,612
86$3,653,593$0$0$1,669,313
87$3,904,750$0$0$1,786,375
88$4,177,699$0$0$1,913,700
89$4,474,540$0$0$2,052,284
90$4,797,587$0$0$2,203,220
91$5,149,384$0$0$2,367,713
92$5,532,730$0$0$2,547,085
93$5,950,709$0$0$2,742,797
94$6,406,711$0$0$2,956,453
95$6,904,470$0$0$3,189,819
96$7,448,095$0$0$3,444,840
97$8,042,110$0$0$3,723,657
98$8,691,495$0$0$4,028,629
99$9,401,733$0$0$4,362,350
100$10,178,863$0$0$4,727,679