Can I retire at age 60 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$70,192$69,567$68,957$68,362$67,780$66,989
2 years$34,749$34,101$33,474$32,866$32,276$31,480
3 years$22,936$22,286$21,660$21,058$20,477$19,700
4 years$17,030$16,382$15,763$15,171$14,605$13,853
5 years$13,488$12,844$12,233$11,653$11,102$10,378
6 years$11,127$10,488$9,886$9,319$8,785$8,090
7 years$9,442$8,808$8,215$7,661$7,144$6,478
8 years$8,178$7,550$6,967$6,427$5,927$5,290
9 years$7,196$6,574$6,001$5,474$4,991$4,383
10 years$6,410$5,794$5,232$4,719$4,253$3,672
11 years$5,768$5,158$4,606$4,107$3,658$3,105
12 years$5,234$4,630$4,088$3,602$3,170$2,644
13 years$4,781$4,184$3,652$3,180$2,764$2,265
14 years$4,394$3,803$3,281$2,823$2,423$1,949
15 years$4,059$3,474$2,963$2,518$2,133$1,685
16 years$3,766$3,188$2,686$2,254$1,885$1,461
17 years$3,507$2,936$2,444$2,026$1,672$1,270
18 years$3,278$2,713$2,231$1,825$1,486$1,108
19 years$3,073$2,514$2,043$1,649$1,325$968
20 years$2,889$2,336$1,875$1,494$1,183$847
21 years$2,722$2,176$1,724$1,356$1,059$743
22 years$2,571$2,031$1,589$1,233$949$652
23 years$2,433$1,900$1,467$1,123$852$573
24 years$2,307$1,780$1,357$1,024$766$504
25 years$2,191$1,670$1,257$935$689$444
26 years$2,085$1,570$1,166$855$621$391
27 years$1,986$1,478$1,082$783$560$345
28 years$1,894$1,392$1,006$717$505$305
29 years$1,809$1,313$936$658$456$269
30 years$1,730$1,240$872$603$412$238
31 years$1,656$1,173$813$554$373$210
32 years$1,587$1,109$759$509$337$186
33 years$1,522$1,051$708$468$305$164
34 years$1,461$996$662$431$276$145
35 years$1,404$945$619$397$250$128
36 years$1,350$897$579$365$227$114
37 years$1,299$851$542$337$205$101
38 years$1,251$809$507$310$186$89
39 years$1,205$769$475$286$169$79
40 years$1,162$732$446$264$153$70
41 years$1,121$697$418$243$139$62
42 years$1,082$664$392$225$126$55
43 years$1,045$632$368$207$114$49
44 years$1,010$603$345$192$104$43
45 years$976$575$324$177$94$38
46 years$944$548$304$163$86$34
47 years$914$523$286$151$78$30
48 years$885$500$269$139$71$27
49 years$857$477$253$129$64$24
50 years$830$456$238$119$58$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $850,000, adding $3,798 every year, while hoping to spend $50,767 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: 51/40/9 Blend
59$850,000$850,000$850,000$850,000
60$940,618$895,568$882,393$986,209
61$982,545$885,435$857,937$1,007,571
62$1,027,047$873,104$830,961$1,025,026
63$1,074,334$858,414$801,326$1,042,812
64$1,124,633$841,193$768,887$1,060,974
65$1,178,196$821,262$733,495$1,079,561
66$1,235,296$798,427$694,991$1,098,633
67$1,296,232$772,487$653,210$1,118,258
68$1,361,335$743,226$607,980$1,138,516
69$1,430,965$710,418$559,120$1,159,495
70$1,505,516$673,821$506,444$1,181,302
71$1,585,422$633,181$449,753$1,204,053
72$1,671,158$588,230$388,843$1,227,884
73$1,763,246$538,683$323,499$1,252,950
74$1,862,258$484,240$253,497$1,279,426
75$1,968,823$424,582$178,604$1,307,509
76$2,083,632$359,375$98,575$1,337,425
77$2,207,441$288,263$13,156$1,369,426
78$2,341,084$210,872$0$1,403,800
79$2,485,476$126,806$0$1,448,360
80$2,641,622$35,647$0$1,497,812
81$2,810,628$0$0$1,551,329
82$2,993,708$0$0$1,637,148
83$3,192,200$0$0$1,747,274
84$3,407,571$0$0$1,866,843
85$3,641,438$0$0$1,996,760
86$3,895,577$0$0$2,138,023
87$4,171,944$0$0$2,291,728
88$4,472,690$0$0$2,459,084
89$4,800,180$0$0$2,641,419
90$5,157,020$0$0$2,840,194
91$5,546,075$0$0$3,057,019
92$5,970,500$0$0$3,293,664
93$6,433,765$0$0$3,552,080
94$6,939,693$0$0$3,834,411
95$7,492,491$0$0$4,143,021
96$8,096,791$0$0$4,480,510
97$8,757,690$0$0$4,849,742
98$9,480,805$0$0$5,253,871
99$10,272,318$0$0$5,696,369
100$11,139,035$0$0$6,181,060