Can I retire at age 60 with 857,000?

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 $857,000?

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$70,770$70,140$69,525$68,925$68,338$66,904
2 years$35,035$34,382$33,750$33,137$32,542$31,104
3 years$23,125$22,469$21,838$21,231$20,646$19,248
4 years$17,171$16,517$15,893$15,296$14,725$13,379
5 years$13,599$12,950$12,333$11,749$11,194$9,903
6 years$11,219$10,574$9,967$9,395$8,857$7,624
7 years$9,519$8,880$8,283$7,725$7,203$6,027
8 years$8,245$7,612$7,025$6,480$5,976$4,856
9 years$7,255$6,628$6,050$5,519$5,032$3,969
10 years$6,463$5,842$5,275$4,758$4,288$3,279
11 years$5,816$5,201$4,644$4,141$3,688$2,733
12 years$5,277$4,668$4,121$3,632$3,196$2,293
13 years$4,821$4,218$3,682$3,206$2,787$1,934
14 years$4,430$3,834$3,308$2,846$2,443$1,639
15 years$4,092$3,503$2,987$2,538$2,151$1,395
16 years$3,797$3,214$2,708$2,273$1,901$1,190
17 years$3,536$2,960$2,464$2,042$1,686$1,018
18 years$3,305$2,735$2,250$1,840$1,499$873
19 years$3,098$2,535$2,059$1,663$1,336$750
20 years$2,913$2,355$1,890$1,506$1,193$645
21 years$2,745$2,194$1,738$1,367$1,068$556
22 years$2,592$2,048$1,602$1,243$957$480
23 years$2,453$1,915$1,479$1,132$859$414
24 years$2,326$1,795$1,368$1,032$772$358
25 years$2,209$1,684$1,267$943$695$309
26 years$2,102$1,583$1,175$862$626$268
27 years$2,002$1,490$1,091$789$564$232
28 years$1,910$1,404$1,015$723$509$201
29 years$1,824$1,324$944$663$460$174
30 years$1,744$1,251$879$608$415$151
31 years$1,670$1,182$820$559$376$131
32 years$1,600$1,119$765$514$340$113
33 years$1,535$1,059$714$472$307$98
34 years$1,473$1,004$667$435$278$85
35 years$1,416$952$624$400$252$74
36 years$1,361$904$584$368$228$64
37 years$1,310$858$546$339$207$56
38 years$1,261$816$512$313$188$48
39 years$1,215$776$479$288$170$42
40 years$1,172$738$449$266$154$37
41 years$1,130$703$421$245$140$32
42 years$1,091$669$395$227$127$28
43 years$1,054$638$371$209$115$24
44 years$1,018$608$348$193$105$21
45 years$984$580$327$178$95$18
46 years$952$553$307$165$86$16
47 years$921$528$288$152$78$14
48 years$892$504$271$141$71$12
49 years$864$481$255$130$65$10
50 years$837$459$239$120$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $857,000, adding $4,814 every year, while hoping to spend $27,565 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: 52/27/21 Blend
59$857,000$857,000$857,000$857,000
60$949,380$903,959$890,675$993,004
61$1,016,887$918,924$891,184$1,038,552
62$1,090,357$933,698$890,786$1,084,819
63$1,170,368$948,244$889,421$1,134,562
64$1,257,557$962,519$887,028$1,188,120
65$1,352,625$976,479$883,541$1,245,869
66$1,456,344$990,078$878,891$1,308,224
67$1,569,563$1,003,265$873,006$1,375,640
68$1,693,219$1,015,985$865,812$1,448,622
69$1,828,339$1,028,180$857,228$1,527,727
70$1,976,057$1,039,788$847,173$1,613,568
71$2,137,622$1,050,745$835,560$1,706,823
72$2,314,406$1,060,978$822,298$1,808,239
73$2,507,923$1,070,413$807,293$1,918,643
74$2,719,837$1,078,970$790,444$2,038,944
75$2,951,985$1,086,564$771,648$2,170,147
76$3,206,386$1,093,104$750,796$2,313,360
77$3,485,264$1,098,493$727,775$2,469,806
78$3,791,070$1,102,628$702,465$2,640,834
79$4,126,504$1,105,401$674,741$2,827,934
80$4,494,537$1,106,696$644,475$3,032,748
81$4,898,444$1,106,388$611,529$3,257,088
82$5,341,832$1,104,347$575,762$3,502,952
83$5,828,673$1,100,435$537,024$3,772,545
84$6,363,344$1,094,503$495,161$4,068,302
85$6,950,666$1,086,395$450,010$4,392,903
86$7,595,951$1,075,944$401,402$4,749,310
87$8,305,048$1,062,976$349,159$5,140,787
88$9,084,404$1,047,303$293,097$5,570,934
89$9,941,120$1,028,728$233,023$6,043,724
90$10,883,020$1,007,041$168,734$6,563,536
91$11,918,722$982,020$100,021$7,135,201
92$13,057,723$953,430$26,664$7,764,048
93$14,310,486$921,024$0$8,455,951
94$15,688,539$884,537$0$9,228,957
95$17,204,582$843,691$0$10,085,772
96$18,872,609$798,192$0$11,028,350
97$20,708,040$747,728$0$12,065,440
98$22,727,863$691,970$0$13,206,681
99$24,950,798$630,569$0$14,462,702
100$27,397,469$563,157$0$15,845,219