Can I retire at age 60 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$70,853$70,222$69,606$69,005$68,418$67,479
2 years$35,076$34,422$33,789$33,175$32,580$31,636
3 years$23,151$22,495$21,864$21,256$20,670$19,750
4 years$17,191$16,537$15,911$15,314$14,742$13,853
5 years$13,615$12,965$12,348$11,762$11,207$10,351
6 years$11,232$10,587$9,979$9,406$8,867$8,047
7 years$9,531$8,891$8,293$7,734$7,212$6,426
8 years$8,255$7,621$7,033$6,487$5,983$5,232
9 years$7,264$6,635$6,057$5,526$5,038$4,322
10 years$6,471$5,849$5,281$4,763$4,293$3,610
11 years$5,823$5,207$4,649$4,146$3,692$3,043
12 years$5,283$4,673$4,126$3,636$3,199$2,583
13 years$4,826$4,223$3,686$3,210$2,790$2,205
14 years$4,436$3,839$3,312$2,850$2,446$1,892
15 years$4,097$3,507$2,990$2,541$2,153$1,629
16 years$3,801$3,218$2,711$2,276$1,903$1,408
17 years$3,541$2,963$2,467$2,045$1,687$1,220
18 years$3,309$2,738$2,252$1,843$1,500$1,060
19 years$3,102$2,538$2,062$1,665$1,337$923
20 years$2,916$2,358$1,892$1,508$1,195$805
21 years$2,748$2,197$1,740$1,369$1,069$703
22 years$2,595$2,050$1,604$1,244$958$615
23 years$2,456$1,918$1,481$1,133$860$538
24 years$2,329$1,797$1,370$1,034$773$472
25 years$2,212$1,686$1,269$944$696$414
26 years$2,104$1,585$1,177$863$627$363
27 years$2,005$1,491$1,093$790$565$319
28 years$1,912$1,405$1,016$724$510$281
29 years$1,826$1,326$945$664$460$247
30 years$1,747$1,252$880$609$416$217
31 years$1,672$1,184$821$559$376$191
32 years$1,602$1,120$766$514$340$168
33 years$1,537$1,061$715$473$308$148
34 years$1,475$1,005$668$435$279$130
35 years$1,417$953$625$400$252$115
36 years$1,363$905$584$369$229$101
37 years$1,311$859$547$340$207$89
38 years$1,263$817$512$313$188$79
39 years$1,217$777$480$289$170$69
40 years$1,173$739$450$266$155$61
41 years$1,132$703$422$246$140$54
42 years$1,092$670$396$227$127$48
43 years$1,055$638$371$209$115$42
44 years$1,019$608$348$193$105$37
45 years$986$580$327$179$95$33
46 years$953$553$307$165$86$29
47 years$922$528$289$152$78$25
48 years$893$504$271$141$71$22
49 years$865$482$255$130$65$20
50 years$838$460$240$120$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $858,000, adding $3,072 every year, while hoping to spend $39,766 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: 44/31/25 Blend
59$858,000$858,000$858,000$858,000
60$948,685$903,211$889,912$983,427
61$1,003,140$905,157$877,413$1,010,348
62$1,061,817$905,867$863,163$1,035,439
63$1,125,104$905,236$847,061$1,061,854
64$1,193,428$903,156$829,001$1,089,738
65$1,267,258$899,512$808,873$1,119,252
66$1,347,111$894,180$786,563$1,150,575
67$1,433,552$887,030$761,948$1,183,911
68$1,527,205$877,925$734,904$1,219,482
69$1,628,754$866,718$705,297$1,257,541
70$1,738,953$853,253$672,991$1,298,366
71$1,858,631$837,367$637,841$1,342,267
72$1,988,698$818,885$599,696$1,389,593
73$2,130,158$797,623$558,398$1,440,727
74$2,284,112$773,385$513,783$1,496,100
75$2,451,776$745,965$465,678$1,556,187
76$2,634,483$715,144$413,905$1,621,520
77$2,833,705$680,690$358,275$1,692,686
78$3,051,058$642,359$298,593$1,770,341
79$3,288,323$599,892$234,652$1,855,210
80$3,547,460$553,014$166,241$1,948,100
81$3,830,626$501,437$93,136$2,049,905
82$4,140,197$444,855$15,103$2,161,618
83$4,478,788$382,943$0$2,284,338
84$4,849,278$315,361$0$2,437,471
85$5,254,839$241,748$0$2,609,664
86$5,698,961$161,722$0$2,798,453
87$6,185,489$74,881$0$3,005,572
88$6,718,658$0$0$3,232,933
89$7,303,132$0$0$3,489,203
90$7,944,045$0$0$3,798,333
91$8,647,055$0$0$4,137,521
92$9,418,394$0$0$4,509,787
93$10,264,922$0$0$4,918,456
94$11,194,202$0$0$5,367,193
95$12,214,558$0$0$5,860,033
96$13,335,165$0$0$6,401,422
97$14,566,128$0$0$6,996,259
98$15,918,579$0$0$7,649,938
99$17,404,781$0$0$8,368,405
100$19,038,245$0$0$9,158,207