Can I retire at age 60 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$69,119$68,503$67,902$67,316$66,744$65,369
2 years$34,217$33,580$32,962$32,363$31,783$30,404
3 years$22,585$21,945$21,329$20,736$20,164$18,825
4 years$16,770$16,132$15,522$14,939$14,381$13,091
5 years$13,282$12,648$12,046$11,474$10,932$9,695
6 years$10,957$10,328$9,735$9,176$8,650$7,468
7 years$9,297$8,673$8,090$7,544$7,035$5,907
8 years$8,053$7,434$6,861$6,329$5,836$4,762
9 years$7,086$6,473$5,909$5,391$4,915$3,894
10 years$6,312$5,706$5,152$4,647$4,188$3,220
11 years$5,680$5,079$4,535$4,044$3,602$2,685
12 years$5,153$4,559$4,025$3,547$3,121$2,254
13 years$4,708$4,120$3,596$3,132$2,722$1,903
14 years$4,327$3,745$3,231$2,780$2,386$1,614
15 years$3,997$3,421$2,917$2,479$2,101$1,374
16 years$3,708$3,139$2,645$2,220$1,857$1,173
17 years$3,454$2,891$2,407$1,995$1,646$1,005
18 years$3,228$2,671$2,197$1,797$1,464$862
19 years$3,026$2,476$2,011$1,624$1,305$741
20 years$2,845$2,300$1,846$1,471$1,165$638
21 years$2,681$2,143$1,698$1,335$1,043$550
22 years$2,532$2,000$1,565$1,214$935$475
23 years$2,396$1,871$1,445$1,105$839$410
24 years$2,272$1,753$1,336$1,008$754$355
25 years$2,158$1,645$1,238$921$679$307
26 years$2,053$1,546$1,148$842$611$266
27 years$1,956$1,455$1,066$771$551$231
28 years$1,865$1,371$991$706$497$200
29 years$1,782$1,293$922$647$449$173
30 years$1,704$1,221$859$594$406$150
31 years$1,631$1,155$801$546$367$130
32 years$1,563$1,093$747$502$332$113
33 years$1,499$1,035$698$461$300$98
34 years$1,439$981$652$424$272$85
35 years$1,383$930$609$391$246$74
36 years$1,329$883$570$360$223$64
37 years$1,279$838$534$331$202$56
38 years$1,232$797$500$306$183$49
39 years$1,187$758$468$282$166$42
40 years$1,144$721$439$260$151$37
41 years$1,104$686$411$240$137$32
42 years$1,066$654$386$221$124$28
43 years$1,029$623$362$204$113$24
44 years$994$594$340$189$102$21
45 years$961$566$319$174$93$18
46 years$930$540$300$161$84$16
47 years$900$515$282$149$77$14
48 years$871$492$265$137$70$12
49 years$844$470$249$127$63$10
50 years$817$449$234$117$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $837,000, adding $5,044 every year, while hoping to spend $25,570 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: 52/41/7 Blend
59$837,000$837,000$837,000$837,000
60$927,577$883,216$870,242$973,966
61$994,983$899,287$872,189$1,022,092
62$1,068,408$915,289$873,344$1,071,198
63$1,148,439$931,191$873,654$1,123,987
64$1,235,721$946,960$873,062$1,180,811
65$1,330,964$962,561$871,510$1,242,058
66$1,434,953$977,957$868,936$1,308,156
67$1,548,547$993,106$865,275$1,379,576
68$1,672,696$1,007,966$860,459$1,456,839
69$1,808,444$1,022,488$854,416$1,540,517
70$1,956,939$1,036,624$847,073$1,631,242
71$2,119,448$1,050,320$838,351$1,729,711
72$2,297,364$1,063,518$828,168$1,836,692
73$2,492,222$1,076,157$816,439$1,953,032
74$2,705,712$1,088,173$803,073$2,079,665
75$2,939,696$1,099,494$787,977$2,217,621
76$3,196,223$1,110,048$771,053$2,368,036
77$3,477,551$1,119,753$752,196$2,532,161
78$3,786,167$1,128,527$731,301$2,711,378
79$4,124,810$1,136,279$708,253$2,907,211
80$4,496,497$1,142,913$682,936$3,121,337
81$4,904,551$1,148,327$655,225$3,355,608
82$5,352,633$1,152,412$624,993$3,612,067
83$5,844,775$1,155,054$592,104$3,892,966
84$6,385,421$1,156,131$556,418$4,200,786
85$6,979,463$1,155,511$517,788$4,538,267
86$7,632,294$1,153,056$476,059$4,908,427
87$8,349,853$1,148,620$431,072$5,314,595
88$9,138,683$1,142,048$382,658$5,760,442
89$10,005,994$1,133,174$330,642$6,250,015
90$10,959,728$1,121,822$274,842$6,787,778
91$12,008,637$1,107,808$215,065$7,378,652
92$13,162,361$1,090,934$151,114$8,028,062
93$14,431,524$1,070,991$82,778$8,741,992
94$15,827,830$1,047,760$9,841$9,527,037
95$17,364,173$1,021,005$0$10,390,470
96$19,054,764$990,479$0$11,345,389
97$20,915,257$955,920$0$12,396,671
98$22,962,904$917,051$0$13,553,345
99$25,216,710$873,577$0$14,826,177
100$27,697,620$825,187$0$16,227,034