Can I retire at age 60 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$70,605$69,976$69,363$68,764$68,179$66,076
2 years$34,953$34,302$33,671$33,059$32,466$30,366
3 years$23,071$22,417$21,787$21,182$20,598$18,566
4 years$17,130$16,479$15,856$15,260$14,691$12,743
5 years$13,567$12,920$12,305$11,721$11,168$9,309
6 years$11,193$10,550$9,944$9,374$8,836$7,069
7 years$9,497$8,860$8,264$7,707$7,186$5,510
8 years$8,226$7,594$7,008$6,465$5,962$4,375
9 years$7,238$6,612$6,036$5,507$5,021$3,522
10 years$6,448$5,828$5,262$4,747$4,278$2,865
11 years$5,802$5,189$4,633$4,131$3,679$2,350
12 years$5,264$4,657$4,112$3,624$3,188$1,939
13 years$4,810$4,209$3,673$3,199$2,780$1,609
14 years$4,420$3,826$3,301$2,840$2,437$1,340
15 years$4,083$3,495$2,980$2,533$2,146$1,120
16 years$3,788$3,206$2,702$2,268$1,897$939
17 years$3,528$2,953$2,459$2,037$1,682$789
18 years$3,297$2,729$2,244$1,836$1,495$664
19 years$3,091$2,529$2,055$1,659$1,333$560
20 years$2,906$2,350$1,886$1,503$1,190$473
21 years$2,738$2,189$1,734$1,364$1,065$400
22 years$2,586$2,043$1,599$1,240$955$338
23 years$2,448$1,911$1,476$1,129$857$286
24 years$2,321$1,790$1,365$1,030$770$243
25 years$2,204$1,680$1,264$941$693$206
26 years$2,097$1,579$1,173$860$624$174
27 years$1,998$1,486$1,089$787$563$148
28 years$1,906$1,400$1,012$721$508$126
29 years$1,820$1,321$942$661$459$107
30 years$1,740$1,248$877$607$414$91
31 years$1,666$1,179$818$557$375$77
32 years$1,596$1,116$763$512$339$65
33 years$1,531$1,057$713$471$307$55
34 years$1,470$1,002$666$433$278$47
35 years$1,412$950$622$399$252$40
36 years$1,358$902$582$368$228$34
37 years$1,307$856$545$339$207$29
38 years$1,258$814$510$312$187$25
39 years$1,212$774$478$288$170$21
40 years$1,169$736$448$265$154$18
41 years$1,128$701$420$245$140$15
42 years$1,089$668$394$226$127$13
43 years$1,051$636$370$209$115$11
44 years$1,016$606$347$193$104$9
45 years$982$578$326$178$95$8
46 years$950$552$306$164$86$7
47 years$919$526$288$152$78$6
48 years$890$502$270$140$71$5
49 years$862$480$254$130$64$4
50 years$835$458$239$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $855,000, adding $4,777 every year, while hoping to spend $27,876 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: 64/10/26 Blend
59$855,000$855,000$855,000$855,000
60$947,137$901,822$888,570$1,000,977
61$1,014,086$916,352$888,677$1,052,476
62$1,086,928$930,659$887,854$1,105,204
63$1,166,237$944,703$886,039$1,162,200
64$1,252,641$958,442$883,169$1,223,888
65$1,346,833$971,828$879,178$1,290,732
66$1,449,575$984,813$873,996$1,363,247
67$1,561,706$997,343$867,549$1,441,999
68$1,684,149$1,009,361$859,760$1,527,612
69$1,817,920$1,020,808$850,550$1,620,775
70$1,964,138$1,031,618$839,834$1,722,249
71$2,124,036$1,041,722$827,524$1,832,871
72$2,298,968$1,051,048$813,527$1,953,565
73$2,490,430$1,059,517$797,747$2,085,352
74$2,700,066$1,067,045$780,083$2,229,354
75$2,929,686$1,073,543$760,430$2,386,811
76$3,181,285$1,078,918$738,675$2,559,091
77$3,457,060$1,083,068$714,704$2,747,701
78$3,759,429$1,085,888$688,396$2,954,303
79$4,091,057$1,087,262$659,623$3,180,731
80$4,454,878$1,087,071$628,253$3,429,006
81$4,854,124$1,085,187$594,149$3,701,357
82$5,292,356$1,081,472$557,165$4,000,243
83$5,773,496$1,075,784$517,149$4,328,374
84$6,301,864$1,067,969$473,945$4,688,738
85$6,882,219$1,057,864$427,387$5,084,630
86$7,519,804$1,045,298$377,302$5,519,684
87$8,220,393$1,030,086$323,511$5,997,906
88$8,990,350$1,012,037$265,826$6,523,712
89$9,836,683$990,945$204,049$7,101,972
90$10,767,117$966,594$137,977$7,738,055
91$11,790,158$938,752$67,394$8,437,880
92$12,915,180$907,177$0$9,207,972
93$14,152,511$871,611$0$10,057,726
94$15,513,529$831,782$0$11,012,969
95$17,010,772$787,401$0$12,063,795
96$18,658,051$738,164$0$13,219,913
97$20,470,586$683,748$0$14,492,025
98$22,465,146$623,813$0$15,891,919
99$24,660,208$557,997$0$17,432,590
100$27,076,130$485,920$0$19,128,354