Can I retire at age 60 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$69,779$69,158$68,551$67,959$67,381$66,402
2 years$34,544$33,901$33,277$32,673$32,086$31,102
3 years$22,801$22,155$21,533$20,934$20,357$19,397
4 years$16,930$16,286$15,670$15,082$14,519$13,592
5 years$13,409$12,768$12,161$11,584$11,037$10,146
6 years$11,062$10,426$9,828$9,264$8,733$7,878
7 years$9,386$8,756$8,167$7,616$7,102$6,284
8 years$8,130$7,506$6,926$6,389$5,892$5,111
9 years$7,153$6,535$5,965$5,442$4,962$4,217
10 years$6,373$5,760$5,201$4,691$4,228$3,518
11 years$5,734$5,128$4,579$4,083$3,636$2,962
12 years$5,203$4,603$4,064$3,581$3,151$2,511
13 years$4,753$4,159$3,630$3,162$2,748$2,141
14 years$4,368$3,781$3,262$2,807$2,409$1,834
15 years$4,035$3,454$2,945$2,503$2,121$1,578
16 years$3,744$3,169$2,670$2,241$1,874$1,361
17 years$3,487$2,918$2,430$2,014$1,662$1,178
18 years$3,259$2,697$2,218$1,815$1,478$1,022
19 years$3,055$2,499$2,031$1,640$1,317$888
20 years$2,872$2,322$1,864$1,485$1,176$774
21 years$2,706$2,163$1,714$1,348$1,053$675
22 years$2,556$2,019$1,580$1,225$944$589
23 years$2,419$1,889$1,459$1,116$847$515
24 years$2,294$1,770$1,349$1,018$761$451
25 years$2,179$1,661$1,249$930$685$395
26 years$2,072$1,561$1,159$850$617$346
27 years$1,974$1,469$1,076$778$556$303
28 years$1,883$1,384$1,000$713$502$266
29 years$1,799$1,306$931$654$453$234
30 years$1,720$1,233$867$600$410$205
31 years$1,647$1,166$808$551$370$180
32 years$1,578$1,103$754$506$335$159
33 years$1,513$1,045$704$466$303$139
34 years$1,453$990$658$428$274$123
35 years$1,396$939$615$394$249$108
36 years$1,342$891$575$363$225$95
37 years$1,291$846$539$335$204$84
38 years$1,244$804$504$308$185$73
39 years$1,198$765$473$284$168$65
40 years$1,155$728$443$262$152$57
41 years$1,115$693$415$242$138$50
42 years$1,076$660$390$223$125$44
43 years$1,039$629$366$206$114$39
44 years$1,004$599$343$190$103$34
45 years$971$571$322$176$94$30
46 years$939$545$303$162$85$27
47 years$908$520$284$150$77$23
48 years$879$497$267$139$70$21
49 years$852$474$251$128$64$18
50 years$825$453$236$118$58$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $845,000, adding $2,918 every year, while hoping to spend $55,850 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: 80/9/11 Blend
59$845,000$845,000$845,000$845,000
60$934,200$889,415$876,317$1,006,914
61$970,064$873,572$846,250$1,039,219
62$1,007,715$855,082$813,304$1,067,088
63$1,047,275$833,754$777,323$1,096,034
64$1,088,879$809,390$738,145$1,126,136
65$1,132,672$781,777$695,600$1,157,485
66$1,178,813$750,692$649,511$1,190,178
67$1,227,474$715,899$599,692$1,224,326
68$1,278,844$677,145$545,949$1,260,047
69$1,333,129$634,167$488,080$1,297,476
70$1,390,551$586,685$425,874$1,336,760
71$1,451,355$534,401$359,109$1,378,061
72$1,515,810$477,002$287,556$1,421,559
73$1,584,205$414,159$210,972$1,467,454
74$1,656,862$345,520$129,107$1,515,964
75$1,734,127$270,716$41,698$1,567,333
76$1,816,385$189,357$0$1,621,831
77$1,904,051$101,031$0$1,685,809
78$1,997,586$5,303$0$1,759,157
79$2,097,489$0$0$1,837,376
80$2,204,311$0$0$1,930,638
81$2,318,655$0$0$2,031,044
82$2,441,182$0$0$2,138,651
83$2,572,615$0$0$2,254,098
84$2,713,752$0$0$2,378,085
85$2,865,464$0$0$2,511,383
86$3,028,711$0$0$2,654,835
87$3,204,545$0$0$2,809,368
88$3,394,121$0$0$2,976,002
89$3,598,709$0$0$3,155,855
90$3,819,705$0$0$3,350,157
91$4,058,641$0$0$3,560,258
92$4,317,202$0$0$3,787,643
93$4,597,240$0$0$4,033,945
94$4,900,792$0$0$4,300,959
95$5,230,098$0$0$4,590,658
96$5,587,620$0$0$4,905,214
97$5,976,067$0$0$5,247,012
98$6,398,418$0$0$5,618,680
99$6,857,952$0$0$6,023,107
100$7,358,276$0$0$6,463,472