Can I retire at age 60 with 849,000?

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 $849,000?

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 years$70,110$69,485$68,876$68,281$67,700$65,771
2 years$34,708$34,061$33,435$32,827$32,238$30,309
3 years$22,909$22,259$21,635$21,033$20,453$18,585
4 years$17,010$16,363$15,744$15,153$14,587$12,795
5 years$13,472$12,829$12,218$11,639$11,089$9,377
6 years$11,114$10,476$9,874$9,308$8,774$7,144
7 years$9,431$8,797$8,206$7,652$7,136$5,587
8 years$8,168$7,541$6,959$6,419$5,920$4,452
9 years$7,187$6,566$5,994$5,468$4,985$3,597
10 years$6,403$5,787$5,225$4,713$4,248$2,937
11 years$5,761$5,152$4,600$4,102$3,653$2,418
12 years$5,227$4,624$4,083$3,598$3,166$2,004
13 years$4,776$4,179$3,648$3,177$2,761$1,669
14 years$4,389$3,799$3,277$2,820$2,420$1,396
15 years$4,054$3,470$2,959$2,515$2,131$1,172
16 years$3,761$3,184$2,683$2,252$1,883$987
17 years$3,503$2,932$2,441$2,023$1,670$833
18 years$3,274$2,709$2,229$1,823$1,485$704
19 years$3,070$2,511$2,040$1,647$1,323$596
20 years$2,885$2,333$1,872$1,492$1,182$506
21 years$2,719$2,174$1,722$1,354$1,058$429
22 years$2,568$2,029$1,587$1,231$948$365
23 years$2,431$1,898$1,466$1,121$851$311
24 years$2,305$1,778$1,355$1,023$765$264
25 years$2,189$1,668$1,255$934$688$225
26 years$2,082$1,568$1,164$854$620$192
27 years$1,984$1,476$1,081$782$559$164
28 years$1,892$1,391$1,005$716$504$140
29 years$1,807$1,312$935$657$455$119
30 years$1,728$1,239$871$603$412$102
31 years$1,654$1,171$812$554$372$87
32 years$1,585$1,108$758$509$337$74
33 years$1,520$1,049$708$468$305$63
34 years$1,460$995$661$430$276$54
35 years$1,402$943$618$396$250$46
36 years$1,348$895$578$365$226$39
37 years$1,298$850$541$336$205$34
38 years$1,249$808$507$310$186$29
39 years$1,204$769$475$286$169$25
40 years$1,161$731$445$264$153$21
41 years$1,120$696$417$243$139$18
42 years$1,081$663$391$224$126$15
43 years$1,044$632$367$207$114$13
44 years$1,009$602$345$191$104$11
45 years$975$574$324$177$94$10
46 years$943$548$304$163$86$8
47 years$913$523$286$151$78$7
48 years$884$499$268$139$71$6
49 years$856$476$252$129$64$5
50 years$829$455$237$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $849,000, adding $2,856 every year, while hoping to spend $52,556 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: 77/13/10 Blend
59$849,000$849,000$849,000$849,000
60$938,544$893,547$880,387$1,008,973
61$978,356$881,412$853,961$1,043,565
62$1,020,468$866,920$824,888$1,074,473
63$1,065,058$849,902$793,025$1,106,856
64$1,112,322$830,175$758,219$1,140,840
65$1,162,474$807,549$720,314$1,176,563
66$1,215,748$781,820$679,146$1,214,180
67$1,272,398$752,773$634,541$1,253,861
68$1,332,705$720,181$586,321$1,295,793
69$1,396,974$683,803$534,296$1,340,184
70$1,465,542$643,386$478,272$1,387,263
71$1,538,775$598,660$418,041$1,437,286
72$1,617,076$549,340$353,391$1,490,532
73$1,700,886$495,126$284,098$1,547,312
74$1,790,688$435,699$209,928$1,607,969
75$1,887,015$370,725$130,637$1,672,884
76$1,990,448$299,847$45,970$1,742,474
77$2,101,625$222,692$0$1,817,206
78$2,221,250$138,863$0$1,902,327
79$2,350,093$47,942$0$1,999,211
80$2,488,998$0$0$2,103,605
81$2,638,897$0$0$2,223,461
82$2,800,810$0$0$2,360,355
83$2,975,860$0$0$2,508,380
84$3,165,280$0$0$2,668,583
85$3,370,427$0$0$2,842,113
86$3,592,790$0$0$3,030,235
87$3,834,009$0$0$3,234,340
88$4,095,888$0$0$3,455,957
89$4,380,408$0$0$3,696,768
90$4,689,753$0$0$3,958,623
91$5,026,320$0$0$4,243,558
92$5,392,751$0$0$4,553,813
93$5,791,951$0$0$4,891,852
94$6,227,117$0$0$5,260,389
95$6,701,768$0$0$5,662,407
96$7,219,777$0$0$6,101,193
97$7,785,408$0$0$6,580,363
98$8,403,354$0$0$7,103,900
99$9,078,781$0$0$7,676,186
100$9,817,377$0$0$8,302,048