Can I retire at age 60 with 844,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.1%
1 years$69,697$69,076$68,470$67,879$67,302$65,357
2 years$34,503$33,861$33,238$32,634$32,048$30,105
3 years$22,774$22,128$21,507$20,909$20,333$18,451
4 years$16,910$16,267$15,652$15,064$14,502$12,696
5 years$13,393$12,753$12,146$11,570$11,024$9,299
6 years$11,049$10,414$9,816$9,253$8,723$7,081
7 years$9,375$8,746$8,157$7,607$7,094$5,535
8 years$8,120$7,497$6,918$6,382$5,885$4,408
9 years$7,145$6,527$5,958$5,436$4,956$3,559
10 years$6,365$5,753$5,195$4,686$4,223$2,904
11 years$5,728$5,122$4,573$4,078$3,632$2,390
12 years$5,197$4,597$4,059$3,577$3,147$1,979
13 years$4,748$4,154$3,626$3,158$2,744$1,647
14 years$4,363$3,776$3,258$2,803$2,406$1,377
15 years$4,030$3,450$2,942$2,500$2,118$1,155
16 years$3,739$3,165$2,667$2,238$1,872$972
17 years$3,483$2,915$2,427$2,011$1,660$820
18 years$3,255$2,693$2,215$1,813$1,476$692
19 years$3,051$2,496$2,028$1,638$1,316$586
20 years$2,868$2,320$1,861$1,483$1,175$497
21 years$2,703$2,161$1,712$1,346$1,052$421
22 years$2,553$2,017$1,578$1,224$943$358
23 years$2,416$1,886$1,457$1,115$846$304
24 years$2,291$1,767$1,347$1,017$760$259
25 years$2,176$1,659$1,248$929$684$220
26 years$2,070$1,559$1,157$849$616$188
27 years$1,972$1,467$1,075$777$556$160
28 years$1,881$1,382$999$712$501$136
29 years$1,797$1,304$930$653$453$116
30 years$1,718$1,232$866$599$409$99
31 years$1,645$1,164$807$550$370$84
32 years$1,576$1,102$753$506$335$72
33 years$1,511$1,043$703$465$303$61
34 years$1,451$989$657$428$274$52
35 years$1,394$938$614$394$248$45
36 years$1,340$890$575$363$225$38
37 years$1,290$845$538$334$204$33
38 years$1,242$803$504$308$185$28
39 years$1,197$764$472$284$168$24
40 years$1,154$727$442$262$152$20
41 years$1,113$692$415$242$138$17
42 years$1,075$659$389$223$125$15
43 years$1,038$628$365$206$114$13
44 years$1,003$599$343$190$103$11
45 years$969$571$322$176$94$9
46 years$938$544$302$162$85$8
47 years$907$520$284$150$77$7
48 years$878$496$267$138$70$6
49 years$851$474$251$128$64$5
50 years$824$452$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $844,000, adding $4,719 every year, while hoping to spend $30,539 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: 76/17/7 Blend
59$844,000$844,000$844,000$844,000
60$934,956$890,224$877,142$1,004,825
61$997,828$901,351$874,033$1,062,536
62$1,066,090$912,001$869,796$1,121,390
63$1,140,258$922,116$864,362$1,185,011
64$1,220,903$931,638$857,656$1,253,862
65$1,308,650$940,504$849,603$1,328,449
66$1,404,189$948,645$840,121$1,409,333
67$1,508,277$955,989$829,126$1,497,129
68$1,621,749$962,461$816,530$1,592,516
69$1,745,524$967,978$802,240$1,696,242
70$1,880,612$972,454$786,160$1,809,131
71$2,028,127$975,796$768,188$1,932,093
72$2,189,291$977,906$748,218$2,066,126
73$2,365,455$978,679$726,139$2,212,334
74$2,558,103$978,006$701,836$2,371,933
75$2,768,869$975,767$675,187$2,546,262
76$2,999,553$971,839$646,065$2,736,797
77$3,252,137$966,089$614,338$2,945,164
78$3,528,803$958,376$579,867$3,173,156
79$3,831,955$948,550$542,507$3,422,750
80$4,164,240$936,455$502,106$3,696,123
81$4,528,573$921,922$458,507$3,995,676
82$4,928,165$904,773$411,544$4,324,055
83$5,366,552$884,821$361,045$4,684,174
84$5,847,629$861,866$306,829$5,079,249
85$6,375,687$835,698$248,708$5,512,821
86$6,955,453$806,092$186,485$5,988,795
87$7,592,132$772,814$119,956$6,511,475
88$8,291,461$735,613$48,905$7,085,605
89$9,059,756$694,224$0$7,716,411
90$9,903,978$648,367$0$8,411,669
91$10,831,794$597,748$0$9,179,746
92$11,851,653$542,053$0$10,024,007
93$12,972,860$480,953$0$10,952,187
94$14,205,669$414,096$0$11,972,811
95$15,561,376$341,116$0$13,095,273
96$17,052,427$261,622$0$14,329,928
97$18,692,535$175,201$0$15,688,188
98$20,496,807$81,420$0$17,182,628
99$22,481,891$0$0$18,827,108
100$24,666,128$0$0$20,640,679