Can I retire at age 60 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$70,357$69,731$69,119$68,522$67,940$66,514
2 years$34,830$34,182$33,553$32,943$32,352$30,922
3 years$22,990$22,338$21,711$21,107$20,526$19,136
4 years$17,070$16,421$15,800$15,207$14,639$13,301
5 years$13,520$12,874$12,262$11,680$11,128$9,845
6 years$11,153$10,513$9,909$9,341$8,805$7,579
7 years$9,464$8,829$8,235$7,679$7,161$5,992
8 years$8,197$7,568$6,984$6,442$5,941$4,828
9 years$7,213$6,589$6,015$5,487$5,003$3,946
10 years$6,425$5,808$5,244$4,730$4,263$3,260
11 years$5,782$5,170$4,617$4,117$3,666$2,717
12 years$5,246$4,641$4,097$3,611$3,177$2,279
13 years$4,793$4,194$3,661$3,188$2,770$1,923
14 years$4,405$3,812$3,289$2,830$2,429$1,630
15 years$4,068$3,482$2,970$2,524$2,138$1,386
16 years$3,775$3,195$2,692$2,260$1,890$1,183
17 years$3,516$2,943$2,450$2,030$1,676$1,012
18 years$3,286$2,719$2,236$1,830$1,490$868
19 years$3,080$2,520$2,047$1,653$1,328$746
20 years$2,896$2,342$1,879$1,497$1,186$642
21 years$2,729$2,181$1,728$1,359$1,062$553
22 years$2,577$2,036$1,593$1,236$951$477
23 years$2,439$1,904$1,471$1,125$854$412
24 years$2,313$1,784$1,360$1,026$768$356
25 years$2,197$1,674$1,260$937$691$308
26 years$2,090$1,574$1,168$857$622$266
27 years$1,991$1,481$1,085$784$561$231
28 years$1,899$1,396$1,009$719$506$200
29 years$1,814$1,317$939$659$457$173
30 years$1,734$1,243$874$605$413$150
31 years$1,660$1,175$815$556$373$130
32 years$1,591$1,112$760$511$338$113
33 years$1,526$1,053$710$469$306$98
34 years$1,465$998$663$432$277$85
35 years$1,407$947$620$398$251$74
36 years$1,353$899$580$366$227$64
37 years$1,302$853$543$337$206$56
38 years$1,254$811$509$311$187$48
39 years$1,208$771$476$287$169$42
40 years$1,165$734$447$265$154$36
41 years$1,124$699$419$244$139$32
42 years$1,085$665$393$225$126$27
43 years$1,048$634$369$208$115$24
44 years$1,012$604$346$192$104$21
45 years$979$576$325$177$95$18
46 years$947$550$305$164$86$16
47 years$916$525$287$151$78$14
48 years$887$501$269$140$71$12
49 years$859$478$253$129$64$10
50 years$832$457$238$119$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $852,000, adding $4,281 every year, while hoping to spend $25,010 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: 67/14/19 Blend
59$852,000$852,000$852,000$852,000
60$943,320$898,164$884,958$1,001,810
61$1,012,928$915,563$887,993$1,058,886
62$1,088,798$932,977$890,293$1,117,981
63$1,171,542$950,380$891,804$1,181,998
64$1,261,834$967,743$892,474$1,251,418
65$1,360,416$985,038$892,247$1,326,776
66$1,468,105$1,002,230$891,063$1,408,656
67$1,585,798$1,019,287$888,861$1,497,706
68$1,714,487$1,036,169$885,575$1,594,639
69$1,855,261$1,052,838$881,138$1,700,239
70$2,009,319$1,069,248$875,478$1,815,373
71$2,177,983$1,085,355$868,520$1,940,994
72$2,362,708$1,101,108$860,186$2,078,154
73$2,565,096$1,116,454$850,393$2,228,012
74$2,786,911$1,131,335$839,057$2,391,845
75$3,030,096$1,145,691$826,086$2,571,063
76$3,296,793$1,159,457$811,387$2,767,216
77$3,589,358$1,172,563$794,861$2,982,017
78$3,910,388$1,184,934$776,404$3,217,351
79$4,262,743$1,196,491$755,908$3,475,297
80$4,649,573$1,207,149$733,262$3,758,147
81$5,074,348$1,216,818$708,345$4,068,426
82$5,540,892$1,225,403$681,035$4,408,920
83$6,053,416$1,232,800$651,203$4,782,696
84$6,616,559$1,238,902$618,712$5,193,138
85$7,235,432$1,243,592$583,423$5,643,976
86$7,915,665$1,246,747$545,187$6,139,318
87$8,663,462$1,248,237$503,850$6,683,697
88$9,485,657$1,247,923$459,251$7,282,105
89$10,389,779$1,245,656$411,221$7,940,049
90$11,384,125$1,241,281$359,584$8,663,594
91$12,477,832$1,234,631$304,157$9,459,430
92$13,680,973$1,225,529$244,748$10,334,928
93$15,004,642$1,213,790$181,157$11,298,213
94$16,461,063$1,199,213$113,174$12,358,241
95$18,063,707$1,181,590$40,580$13,524,885
96$19,827,414$1,160,697$0$14,809,023
97$21,768,538$1,136,299$0$16,230,129
98$23,905,096$1,108,145$0$17,803,207
99$26,256,942$1,075,970$0$19,534,641
100$28,845,953$1,039,495$0$21,440,541