Can I retire at age 60 with 854,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$70,523$69,894$69,281$68,683$68,099$66,779
2 years$34,912$34,262$33,632$33,021$32,428$31,103
3 years$23,044$22,391$21,762$21,157$20,574$19,286
4 years$17,110$16,459$15,837$15,242$14,673$13,432
5 years$13,551$12,904$12,290$11,708$11,154$9,963
6 years$11,180$10,537$9,932$9,363$8,826$7,687
7 years$9,486$8,849$8,254$7,697$7,178$6,090
8 years$8,217$7,585$7,000$6,457$5,955$4,919
9 years$7,230$6,605$6,029$5,500$5,015$4,030
10 years$6,441$5,822$5,256$4,741$4,273$3,338
11 years$5,795$5,183$4,628$4,126$3,675$2,788
12 years$5,258$4,652$4,107$3,619$3,185$2,346
13 years$4,804$4,204$3,669$3,195$2,777$1,984
14 years$4,415$3,821$3,297$2,836$2,434$1,686
15 years$4,078$3,491$2,977$2,530$2,143$1,438
16 years$3,784$3,203$2,699$2,265$1,894$1,231
17 years$3,524$2,949$2,456$2,035$1,680$1,056
18 years$3,294$2,725$2,242$1,834$1,493$908
19 years$3,088$2,526$2,052$1,657$1,331$783
20 years$2,902$2,347$1,883$1,501$1,189$675
21 years$2,735$2,186$1,732$1,362$1,064$584
22 years$2,583$2,041$1,597$1,239$954$505
23 years$2,445$1,909$1,474$1,128$856$437
24 years$2,318$1,788$1,363$1,029$770$379
25 years$2,202$1,678$1,263$940$692$329
26 years$2,094$1,577$1,171$859$624$286
27 years$1,995$1,484$1,088$786$562$248
28 years$1,903$1,399$1,011$720$507$216
29 years$1,818$1,320$941$661$458$187
30 years$1,738$1,246$876$606$414$163
31 years$1,664$1,178$817$557$374$142
32 years$1,595$1,115$762$512$339$123
33 years$1,529$1,056$712$471$306$107
34 years$1,468$1,001$665$433$277$94
35 years$1,411$949$622$399$251$81
36 years$1,356$901$582$367$228$71
37 years$1,305$855$544$338$206$62
38 years$1,257$813$510$312$187$54
39 years$1,211$773$478$287$170$47
40 years$1,168$736$448$265$154$41
41 years$1,126$700$420$245$140$36
42 years$1,087$667$394$226$127$31
43 years$1,050$635$369$208$115$27
44 years$1,015$606$347$192$104$24
45 years$981$577$326$178$95$21
46 years$949$551$306$164$86$18
47 years$918$526$287$152$78$16
48 years$889$502$270$140$71$14
49 years$861$479$254$130$64$12
50 years$834$458$239$120$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $854,000, adding $6,048 every year, while hoping to spend $59,244 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: 51/28/21 Blend
59$854,000$854,000$854,000$854,000
60$947,347$902,085$888,848$989,845
61$980,941$883,251$855,589$1,001,017
62$1,015,976$861,510$819,230$1,006,575
63$1,052,537$836,655$779,605$1,011,372
64$1,090,714$808,470$736,541$1,015,356
65$1,130,606$776,724$689,854$1,018,478
66$1,172,319$741,175$639,355$1,020,684
67$1,215,968$701,565$584,846$1,021,920
68$1,261,678$657,622$526,120$1,022,131
69$1,309,583$609,060$462,959$1,021,262
70$1,359,829$555,573$395,137$1,019,257
71$1,412,576$496,840$322,418$1,016,059
72$1,467,995$432,522$244,556$1,011,613
73$1,526,274$362,259$161,292$1,005,861
74$1,587,617$285,673$72,358$998,750
75$1,652,245$202,362$0$990,225
76$1,720,400$111,904$0$985,288
77$1,792,345$13,851$0$996,466
78$1,868,368$0$0$1,007,553
79$1,948,780$0$0$1,047,005
80$2,033,924$0$0$1,093,338
81$2,124,173$0$0$1,142,492
82$2,219,936$0$0$1,194,695
83$2,321,658$0$0$1,250,197
84$2,429,828$0$0$1,309,270
85$2,544,978$0$0$1,372,212
86$2,667,694$0$0$1,439,350
87$2,798,616$0$0$1,511,043
88$2,938,444$0$0$1,587,681
89$3,087,948$0$0$1,669,696
90$3,247,969$0$0$1,757,559
91$3,419,431$0$0$1,851,786
92$3,603,348$0$0$1,952,946
93$3,800,831$0$0$2,061,661
94$4,013,100$0$0$2,178,614
95$4,241,496$0$0$2,304,557
96$4,487,488$0$0$2,440,313
97$4,752,692$0$0$2,586,788
98$5,038,882$0$0$2,744,977
99$5,348,009$0$0$2,915,972
100$5,682,214$0$0$3,100,976