Can I retire at age 60 with 855,000?

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 $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%17.7%
1 years$70,605$69,976$69,363$68,764$68,179$66,049
2 years$34,953$34,302$33,671$33,059$32,466$30,340
3 years$23,071$22,417$21,787$21,182$20,598$18,541
4 years$17,130$16,479$15,856$15,260$14,691$12,719
5 years$13,567$12,920$12,305$11,721$11,168$9,287
6 years$11,193$10,550$9,944$9,374$8,836$7,048
7 years$9,497$8,860$8,264$7,707$7,186$5,491
8 years$8,226$7,594$7,008$6,465$5,962$4,357
9 years$7,238$6,612$6,036$5,507$5,021$3,505
10 years$6,448$5,828$5,262$4,747$4,278$2,850
11 years$5,802$5,189$4,633$4,131$3,679$2,336
12 years$5,264$4,657$4,112$3,624$3,188$1,927
13 years$4,810$4,209$3,673$3,199$2,780$1,597
14 years$4,420$3,826$3,301$2,840$2,437$1,330
15 years$4,083$3,495$2,980$2,533$2,146$1,111
16 years$3,788$3,206$2,702$2,268$1,897$930
17 years$3,528$2,953$2,459$2,037$1,682$781
18 years$3,297$2,729$2,244$1,836$1,495$657
19 years$3,091$2,529$2,055$1,659$1,333$554
20 years$2,906$2,350$1,886$1,503$1,190$467
21 years$2,738$2,189$1,734$1,364$1,065$394
22 years$2,586$2,043$1,599$1,240$955$333
23 years$2,448$1,911$1,476$1,129$857$282
24 years$2,321$1,790$1,365$1,030$770$239
25 years$2,204$1,680$1,264$941$693$202
26 years$2,097$1,579$1,173$860$624$171
27 years$1,998$1,486$1,089$787$563$145
28 years$1,906$1,400$1,012$721$508$123
29 years$1,820$1,321$942$661$459$105
30 years$1,740$1,248$877$607$414$89
31 years$1,666$1,179$818$557$375$75
32 years$1,596$1,116$763$512$339$64
33 years$1,531$1,057$713$471$307$54
34 years$1,470$1,002$666$433$278$46
35 years$1,412$950$622$399$252$39
36 years$1,358$902$582$368$228$33
37 years$1,307$856$545$339$207$28
38 years$1,258$814$510$312$187$24
39 years$1,212$774$478$288$170$20
40 years$1,169$736$448$265$154$17
41 years$1,128$701$420$245$140$15
42 years$1,089$668$394$226$127$12
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$6
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$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $855,000, adding $2,087 every year, while hoping to spend $20,993 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: 42/38/20 Blend
59$855,000$855,000$855,000$855,000
60$944,363$899,048$885,795$978,414
61$1,018,351$920,765$893,133$1,024,502
62$1,099,183$942,842$900,013$1,072,185
63$1,187,534$965,276$906,398$1,123,389
64$1,284,148$988,060$912,248$1,178,448
65$1,389,845$1,011,188$917,521$1,237,731
66$1,505,526$1,034,653$922,175$1,301,643
67$1,632,185$1,058,447$926,163$1,370,630
68$1,770,915$1,082,558$929,438$1,445,186
69$1,922,922$1,106,977$931,947$1,525,853
70$2,089,532$1,131,691$933,639$1,613,230
71$2,272,206$1,156,686$934,458$1,707,975
72$2,472,554$1,181,945$934,345$1,810,814
73$2,692,347$1,207,453$933,238$1,922,550
74$2,933,538$1,233,190$931,073$2,044,064
75$3,198,278$1,259,136$927,783$2,176,330
76$3,488,935$1,285,266$923,296$2,320,421
77$3,808,118$1,311,556$917,539$2,477,518
78$4,158,703$1,337,979$910,433$2,648,925
79$4,543,855$1,364,505$901,897$2,836,080
80$4,967,063$1,391,100$891,846$3,040,565
81$5,432,171$1,417,731$880,189$3,264,128
82$5,943,410$1,444,358$866,834$3,508,693
83$6,505,447$1,470,940$851,682$3,776,382
84$7,123,419$1,497,433$834,630$4,069,535
85$7,802,989$1,523,788$815,571$4,390,731
86$8,550,393$1,549,953$794,392$4,742,813
87$9,372,506$1,575,873$770,976$5,128,916
88$10,276,897$1,601,487$745,200$5,552,494
89$11,271,911$1,626,731$716,935$6,017,357
90$12,366,740$1,651,534$686,046$6,527,705
91$13,571,512$1,675,824$652,393$7,088,165
92$14,897,387$1,699,519$615,828$7,703,842
93$16,356,660$1,722,536$576,199$8,380,362
94$17,962,881$1,744,782$533,343$9,123,924
95$19,730,979$1,766,160$487,094$9,941,366
96$21,677,403$1,786,567$437,276$10,840,223
97$23,820,280$1,805,889$383,706$11,828,804
98$26,179,580$1,824,010$326,192$12,916,264
99$28,777,313$1,840,802$264,535$14,112,699
100$31,637,728$1,856,130$198,526$15,429,235