Can I retire at age 60 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$69,614$68,994$68,389$67,799$67,222$65,385
2 years$34,462$33,821$33,199$32,595$32,010$30,173
3 years$22,747$22,102$21,482$20,884$20,309$18,528
4 years$16,890$16,247$15,633$15,046$14,484$12,775
5 years$13,377$12,738$12,132$11,557$11,011$9,377
6 years$11,036$10,402$9,804$9,242$8,712$7,156
7 years$9,364$8,735$8,148$7,598$7,086$5,606
8 years$8,111$7,488$6,910$6,374$5,878$4,475
9 years$7,137$6,519$5,951$5,429$4,950$3,622
10 years$6,358$5,747$5,189$4,680$4,218$2,963
11 years$5,721$5,116$4,568$4,073$3,628$2,444
12 years$5,190$4,592$4,054$3,573$3,144$2,029
13 years$4,742$4,150$3,622$3,154$2,741$1,694
14 years$4,358$3,772$3,254$2,800$2,403$1,420
15 years$4,025$3,446$2,938$2,497$2,116$1,195
16 years$3,735$3,161$2,664$2,236$1,870$1,008
17 years$3,479$2,911$2,424$2,009$1,658$852
18 years$3,251$2,690$2,213$1,810$1,474$722
19 years$3,048$2,493$2,026$1,636$1,314$613
20 years$2,865$2,317$1,859$1,482$1,174$521
21 years$2,700$2,158$1,710$1,345$1,050$444
22 years$2,550$2,015$1,576$1,223$941$378
23 years$2,413$1,884$1,455$1,113$845$322
24 years$2,288$1,765$1,346$1,015$760$275
25 years$2,173$1,657$1,247$927$684$235
26 years$2,067$1,557$1,156$848$616$201
27 years$1,970$1,465$1,074$776$555$171
28 years$1,879$1,381$998$711$501$147
29 years$1,795$1,303$929$652$452$125
30 years$1,716$1,230$865$598$409$107
31 years$1,643$1,163$806$550$369$92
32 years$1,574$1,100$752$505$334$79
33 years$1,510$1,042$703$465$302$67
34 years$1,449$988$656$427$274$58
35 years$1,392$937$614$393$248$49
36 years$1,339$889$574$362$225$42
37 years$1,288$844$537$334$204$36
38 years$1,241$803$503$308$185$31
39 years$1,195$763$471$284$167$27
40 years$1,153$726$442$262$152$23
41 years$1,112$691$414$241$138$19
42 years$1,073$658$389$223$125$17
43 years$1,037$627$365$206$113$14
44 years$1,002$598$342$190$103$12
45 years$968$570$321$175$94$10
46 years$937$544$302$162$85$9
47 years$906$519$284$150$77$8
48 years$877$495$267$138$70$7
49 years$850$473$251$128$64$6
50 years$823$452$236$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $843,000, adding $3,320 every year, while hoping to spend $25,405 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: 86/5/9 Blend
59$843,000$843,000$843,000$843,000
60$932,411$887,732$874,665$1,011,264
61$1,000,486$904,200$876,936$1,079,693
62$1,074,653$920,623$878,431$1,151,062
63$1,155,507$936,973$879,098$1,228,691
64$1,243,703$953,219$878,881$1,313,192
65$1,339,959$969,325$877,723$1,405,240
66$1,445,070$985,257$875,562$1,505,580
67$1,559,908$1,000,976$872,334$1,615,032
68$1,685,434$1,016,439$867,972$1,734,496
69$1,822,706$1,031,602$862,406$1,864,967
70$1,972,888$1,046,416$855,563$2,007,540
71$2,137,263$1,060,831$847,365$2,163,420
72$2,317,243$1,074,791$837,731$2,333,935
73$2,514,384$1,088,238$826,577$2,520,548
74$2,730,397$1,101,108$813,813$2,724,871
75$2,967,170$1,113,334$799,348$2,948,680
76$3,226,778$1,124,845$783,084$3,193,930
77$3,511,512$1,135,564$764,919$3,462,776
78$3,823,889$1,145,410$744,747$3,757,593
79$4,166,686$1,154,296$722,457$4,080,996
80$4,542,961$1,162,129$697,932$4,435,868
81$4,956,081$1,168,811$671,050$4,825,382
82$5,409,755$1,174,238$641,685$5,253,040
83$5,908,072$1,178,296$609,703$5,722,694
84$6,455,532$1,180,870$574,964$6,238,594
85$7,057,095$1,181,831$537,325$6,805,419
86$7,718,226$1,181,048$496,632$7,428,326
87$8,444,943$1,178,377$452,727$8,112,999
88$9,243,878$1,173,668$405,444$8,865,698
89$10,122,337$1,166,762$354,610$9,693,324
90$11,088,370$1,157,488$300,044$10,603,480
91$12,150,845$1,145,666$241,557$11,604,544
92$13,319,533$1,131,106$178,952$12,705,748
93$14,605,201$1,113,606$112,022$13,917,265
94$16,019,710$1,092,951$40,553$15,250,307
95$17,576,130$1,068,915$0$16,717,226
96$19,288,860$1,041,256$0$18,335,066
97$21,173,767$1,009,722$0$20,119,777
98$23,248,335$974,041$0$22,084,015
99$25,531,826$933,930$0$24,246,021
100$28,045,466$889,086$0$26,625,897