Can I retire at age 60 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$70,440$69,813$69,200$68,603$68,019$66,673
2 years$34,871$34,222$33,592$32,982$32,390$31,040
3 years$23,017$22,364$21,737$21,132$20,550$19,237
4 years$17,090$16,440$15,819$15,224$14,656$13,391
5 years$13,536$12,889$12,276$11,694$11,141$9,928
6 years$11,167$10,525$9,921$9,352$8,816$7,655
7 years$9,475$8,839$8,244$7,688$7,170$6,062
8 years$8,207$7,577$6,992$6,450$5,948$4,893
9 years$7,221$6,597$6,022$5,494$5,009$4,006
10 years$6,433$5,815$5,250$4,736$4,268$3,316
11 years$5,789$5,177$4,622$4,121$3,671$2,769
12 years$5,252$4,646$4,102$3,615$3,181$2,327
13 years$4,798$4,199$3,665$3,192$2,774$1,968
14 years$4,410$3,817$3,293$2,833$2,431$1,671
15 years$4,073$3,487$2,973$2,527$2,141$1,424
16 years$3,779$3,199$2,696$2,262$1,892$1,218
17 years$3,520$2,946$2,453$2,033$1,678$1,044
18 years$3,290$2,722$2,239$1,832$1,492$898
19 years$3,084$2,523$2,050$1,655$1,330$773
20 years$2,899$2,344$1,881$1,499$1,188$666
21 years$2,732$2,184$1,730$1,361$1,063$576
22 years$2,580$2,038$1,595$1,237$953$498
23 years$2,442$1,907$1,472$1,127$855$431
24 years$2,315$1,786$1,362$1,028$769$373
25 years$2,199$1,676$1,261$938$692$323
26 years$2,092$1,575$1,170$858$623$280
27 years$1,993$1,483$1,086$785$562$243
28 years$1,901$1,397$1,010$720$507$211
29 years$1,816$1,318$940$660$458$184
30 years$1,736$1,245$875$606$414$160
31 years$1,662$1,177$816$556$374$139
32 years$1,593$1,113$761$511$338$121
33 years$1,528$1,054$711$470$306$105
34 years$1,466$999$664$432$277$91
35 years$1,409$948$621$398$251$79
36 years$1,355$900$581$367$227$69
37 years$1,304$854$544$338$206$60
38 years$1,255$812$509$311$187$52
39 years$1,210$772$477$287$169$46
40 years$1,166$735$447$265$154$40
41 years$1,125$699$419$244$139$35
42 years$1,086$666$393$225$127$30
43 years$1,049$635$369$208$115$26
44 years$1,013$605$346$192$104$23
45 years$980$577$325$177$95$20
46 years$948$550$306$164$86$17
47 years$917$525$287$151$78$15
48 years$888$501$270$140$71$13
49 years$860$479$254$129$64$11
50 years$833$457$238$120$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $853,000, adding $5,426 every year, while hoping to spend $22,340 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: 27/48/25 Blend
59$853,000$853,000$853,000$853,000
60$945,603$900,394$887,172$963,612
61$1,018,285$920,744$893,123$998,767
62$1,097,632$941,342$898,524$1,034,187
63$1,184,299$962,177$903,334$1,071,754
64$1,279,011$983,236$907,509$1,111,664
65$1,382,561$1,004,506$911,001$1,154,135
66$1,495,825$1,025,970$913,763$1,199,407
67$1,619,768$1,047,611$915,743$1,247,746
68$1,755,452$1,069,411$916,888$1,299,443
69$1,904,044$1,091,349$917,140$1,354,822
70$2,066,834$1,113,403$916,441$1,414,239
71$2,245,239$1,135,547$914,730$1,478,089
72$2,440,819$1,157,755$911,939$1,546,804
73$2,655,296$1,179,998$908,003$1,620,864
74$2,890,563$1,202,245$902,848$1,700,800
75$3,148,707$1,224,461$896,399$1,787,195
76$3,432,026$1,246,610$888,579$1,880,694
77$3,743,051$1,268,653$879,305$1,982,010
78$4,084,570$1,290,545$868,490$2,091,928
79$4,459,656$1,312,242$856,044$2,211,315
80$4,871,693$1,333,693$841,873$2,341,130
81$5,324,407$1,354,845$825,878$2,482,429
82$5,821,906$1,375,642$807,954$2,636,378
83$6,368,713$1,396,022$787,994$2,804,265
84$6,969,814$1,415,919$765,883$2,987,510
85$7,630,699$1,435,263$741,504$3,187,682
86$8,357,418$1,453,978$714,733$3,406,510
87$9,156,637$1,471,985$685,438$3,645,904
88$10,035,699$1,489,198$653,485$3,907,971
89$11,002,695$1,505,524$618,732$4,195,035
90$12,066,541$1,520,865$581,031$4,509,661
91$13,237,059$1,535,118$540,226$4,854,680
92$14,525,071$1,548,170$496,155$5,233,213
93$15,942,501$1,559,904$448,650$5,648,706
94$17,502,490$1,570,193$397,533$6,104,959
95$19,219,514$1,578,903$342,620$6,606,163
96$21,109,525$1,585,890$283,719$7,156,944
97$23,190,100$1,591,002$220,627$7,762,403
98$25,480,608$1,594,078$153,135$8,428,167
99$28,002,388$1,594,946$81,024$9,160,443
100$30,778,956$1,593,424$4,063$9,966,077