Can I retire at age 60 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$69,697$69,076$68,470$67,879$67,302$66,850
2 years$34,503$33,861$33,238$32,634$32,048$31,592
3 years$22,774$22,128$21,507$20,909$20,333$19,887
4 years$16,910$16,267$15,652$15,064$14,502$14,069
5 years$13,393$12,753$12,146$11,570$11,024$10,607
6 years$11,049$10,414$9,816$9,253$8,723$8,321
7 years$9,375$8,746$8,157$7,607$7,094$6,708
8 years$8,120$7,497$6,918$6,382$5,885$5,515
9 years$7,145$6,527$5,958$5,436$4,956$4,602
10 years$6,365$5,753$5,195$4,686$4,223$3,884
11 years$5,728$5,122$4,573$4,078$3,632$3,308
12 years$5,197$4,597$4,059$3,577$3,147$2,838
13 years$4,748$4,154$3,626$3,158$2,744$2,450
14 years$4,363$3,776$3,258$2,803$2,406$2,125
15 years$4,030$3,450$2,942$2,500$2,118$1,852
16 years$3,739$3,165$2,667$2,238$1,872$1,619
17 years$3,483$2,915$2,427$2,011$1,660$1,420
18 years$3,255$2,693$2,215$1,813$1,476$1,249
19 years$3,051$2,496$2,028$1,638$1,316$1,100
20 years$2,868$2,320$1,861$1,483$1,175$972
21 years$2,703$2,161$1,712$1,346$1,052$860
22 years$2,553$2,017$1,578$1,224$943$761
23 years$2,416$1,886$1,457$1,115$846$675
24 years$2,291$1,767$1,347$1,017$760$600
25 years$2,176$1,659$1,248$929$684$533
26 years$2,070$1,559$1,157$849$616$474
27 years$1,972$1,467$1,075$777$556$422
28 years$1,881$1,382$999$712$501$376
29 years$1,797$1,304$930$653$453$335
30 years$1,718$1,232$866$599$409$299
31 years$1,645$1,164$807$550$370$267
32 years$1,576$1,102$753$506$335$238
33 years$1,511$1,043$703$465$303$213
34 years$1,451$989$657$428$274$190
35 years$1,394$938$614$394$248$170
36 years$1,340$890$575$363$225$152
37 years$1,290$845$538$334$204$136
38 years$1,242$803$504$308$185$122
39 years$1,197$764$472$284$168$109
40 years$1,154$727$442$262$152$97
41 years$1,113$692$415$242$138$87
42 years$1,075$659$389$223$125$78
43 years$1,038$628$365$206$114$70
44 years$1,003$599$343$190$103$62
45 years$969$571$322$176$94$56
46 years$938$544$302$162$85$50
47 years$907$520$284$150$77$45
48 years$878$496$267$138$70$40
49 years$851$474$251$128$64$36
50 years$824$452$236$118$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $844,000, adding $5,767 every year, while hoping to spend $57,436 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: 36/38/26 Blend
59$844,000$844,000$844,000$844,000
60$936,037$891,305$878,223$962,243
61$970,401$873,867$846,532$964,704
62$1,006,345$853,650$811,854$961,710
63$1,043,970$830,457$774,029$957,355
64$1,083,385$804,079$732,889$951,553
65$1,124,707$774,296$688,257$944,217
66$1,168,065$740,874$639,952$935,254
67$1,213,598$703,567$587,780$924,571
68$1,261,456$662,112$531,542$912,070
69$1,311,804$616,235$471,028$897,649
70$1,364,820$565,643$406,019$881,204
71$1,420,699$510,027$336,288$862,628
72$1,479,652$449,061$261,596$841,811
73$1,541,912$382,399$181,694$818,641
74$1,607,728$309,679$96,323$793,003
75$1,677,378$230,514$5,211$764,779
76$1,751,159$144,498$0$733,851
77$1,829,401$51,202$0$725,628
78$1,912,462$0$0$717,660
79$2,000,734$0$0$729,301
80$2,094,646$0$0$764,528
81$2,194,666$0$0$802,115
82$2,301,308$0$0$842,263
83$2,415,136$0$0$885,193
84$2,536,766$0$0$931,149
85$2,666,874$0$0$980,395
86$2,806,201$0$0$1,033,224
87$2,955,559$0$0$1,089,956
88$3,115,839$0$0$1,150,941
89$3,288,022$0$0$1,216,566
90$3,473,179$0$0$1,287,254
91$3,672,490$0$0$1,363,470
92$3,887,250$0$0$1,445,725
93$4,118,881$0$0$1,534,581
94$4,368,945$0$0$1,630,653
95$4,639,159$0$0$1,734,620
96$4,931,408$0$0$1,847,228
97$5,247,767$0$0$1,969,295
98$5,590,516$0$0$2,101,724
99$5,962,160$0$0$2,245,504
100$6,365,457$0$0$2,401,726