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%16.7%
1 years$70,110$69,485$68,876$68,281$67,700$65,850
2 years$34,708$34,061$33,435$32,827$32,238$30,388
3 years$22,909$22,259$21,635$21,033$20,453$18,660
4 years$17,010$16,363$15,744$15,153$14,587$12,866
5 years$13,472$12,829$12,218$11,639$11,089$9,444
6 years$11,114$10,476$9,874$9,308$8,774$7,207
7 years$9,431$8,797$8,206$7,652$7,136$5,646
8 years$8,168$7,541$6,959$6,419$5,920$4,507
9 years$7,187$6,566$5,994$5,468$4,985$3,648
10 years$6,403$5,787$5,225$4,713$4,248$2,984
11 years$5,761$5,152$4,600$4,102$3,653$2,462
12 years$5,227$4,624$4,083$3,598$3,166$2,044
13 years$4,776$4,179$3,648$3,177$2,761$1,706
14 years$4,389$3,799$3,277$2,820$2,420$1,430
15 years$4,054$3,470$2,959$2,515$2,131$1,203
16 years$3,761$3,184$2,683$2,252$1,883$1,015
17 years$3,503$2,932$2,441$2,023$1,670$858
18 years$3,274$2,709$2,229$1,823$1,485$727
19 years$3,070$2,511$2,040$1,647$1,323$618
20 years$2,885$2,333$1,872$1,492$1,182$525
21 years$2,719$2,174$1,722$1,354$1,058$447
22 years$2,568$2,029$1,587$1,231$948$381
23 years$2,431$1,898$1,466$1,121$851$325
24 years$2,305$1,778$1,355$1,023$765$277
25 years$2,189$1,668$1,255$934$688$236
26 years$2,082$1,568$1,164$854$620$202
27 years$1,984$1,476$1,081$782$559$173
28 years$1,892$1,391$1,005$716$504$148
29 years$1,807$1,312$935$657$455$126
30 years$1,728$1,239$871$603$412$108
31 years$1,654$1,171$812$554$372$92
32 years$1,585$1,108$758$509$337$79
33 years$1,520$1,049$708$468$305$68
34 years$1,460$995$661$430$276$58
35 years$1,402$943$618$396$250$50
36 years$1,348$895$578$365$226$43
37 years$1,298$850$541$336$205$36
38 years$1,249$808$507$310$186$31
39 years$1,204$769$475$286$169$27
40 years$1,161$731$445$264$153$23
41 years$1,120$696$417$243$139$20
42 years$1,081$663$391$224$126$17
43 years$1,044$632$367$207$114$14
44 years$1,009$602$345$191$104$12
45 years$975$574$324$177$94$11
46 years$943$548$304$163$86$9
47 years$913$523$286$151$78$8
48 years$884$499$268$139$71$7
49 years$856$476$252$129$64$6
50 years$829$455$237$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $849,000, adding $6,552 every year, while hoping to spend $21,691 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: 48/46/6 Blend
59$849,000$849,000$849,000$849,000
60$942,356$897,359$884,200$985,813
61$1,015,398$918,251$890,742$1,037,129
62$1,095,162$939,439$896,775$1,089,973
63$1,182,313$960,916$902,261$1,146,831
64$1,277,579$982,671$907,158$1,208,081
65$1,381,765$1,004,695$911,420$1,274,142
66$1,495,755$1,026,974$915,002$1,345,471
67$1,620,522$1,049,497$917,856$1,422,576
68$1,757,141$1,072,247$919,929$1,506,012
69$1,906,791$1,095,209$921,168$1,596,394
70$2,070,774$1,118,365$921,518$1,694,398
71$2,250,522$1,141,693$920,917$1,800,768
72$2,447,612$1,165,174$919,306$1,916,325
73$2,663,784$1,188,783$916,618$2,041,971
74$2,900,950$1,212,493$912,785$2,178,704
75$3,161,220$1,236,278$907,735$2,327,620
76$3,446,914$1,260,106$901,394$2,489,928
77$3,760,592$1,283,943$893,684$2,666,961
78$4,105,071$1,307,755$884,520$2,860,186
79$4,483,454$1,331,502$873,818$3,071,221
80$4,899,163$1,355,141$861,488$3,301,850
81$5,355,963$1,378,629$847,433$3,554,038
82$5,858,005$1,401,915$831,556$3,829,950
83$6,409,861$1,424,949$813,752$4,131,972
84$7,016,568$1,447,672$793,914$4,462,737
85$7,683,676$1,470,026$771,928$4,825,142
86$8,417,298$1,491,944$747,675$5,222,384
87$9,224,171$1,513,358$721,030$5,657,984
88$10,111,717$1,534,193$691,865$6,135,825
89$11,088,112$1,554,369$660,044$6,660,186
90$12,162,368$1,573,802$625,423$7,235,781
91$13,344,411$1,592,399$587,856$7,867,811
92$14,645,179$1,610,065$547,187$8,562,003
93$16,076,724$1,626,694$503,255$9,324,673
94$17,652,325$1,642,178$455,889$10,162,781
95$19,386,614$1,656,397$404,913$11,083,999
96$21,295,714$1,669,225$350,143$12,096,784
97$23,397,389$1,680,530$291,386$13,210,456
98$25,711,215$1,690,168$228,440$14,435,289
99$28,258,762$1,697,989$161,095$15,782,605
100$31,063,795$1,703,830$89,131$17,264,885