Can I retire at age 60 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$70,935$70,304$69,687$69,085$68,498$67,586
2 years$35,117$34,463$33,829$33,214$32,618$31,701
3 years$23,178$22,522$21,889$21,281$20,694$19,800
4 years$17,211$16,556$15,930$15,331$14,759$13,895
5 years$13,631$12,980$12,362$11,776$11,220$10,388
6 years$11,245$10,599$9,991$9,417$8,878$8,080
7 years$9,542$8,901$8,302$7,743$7,220$6,456
8 years$8,265$7,630$7,041$6,495$5,990$5,259
9 years$7,272$6,643$6,064$5,532$5,044$4,347
10 years$6,478$5,856$5,287$4,769$4,298$3,634
11 years$5,829$5,213$4,655$4,150$3,696$3,064
12 years$5,289$4,679$4,131$3,640$3,203$2,603
13 years$4,832$4,228$3,691$3,214$2,793$2,224
14 years$4,441$3,843$3,316$2,853$2,449$1,909
15 years$4,102$3,511$2,994$2,544$2,156$1,645
16 years$3,806$3,221$2,714$2,278$1,905$1,423
17 years$3,545$2,967$2,470$2,047$1,689$1,234
18 years$3,313$2,741$2,255$1,845$1,502$1,073
19 years$3,106$2,541$2,064$1,667$1,339$935
20 years$2,919$2,361$1,894$1,510$1,196$816
21 years$2,751$2,199$1,742$1,370$1,070$713
22 years$2,598$2,053$1,606$1,246$959$624
23 years$2,459$1,920$1,483$1,135$861$547
24 years$2,332$1,799$1,371$1,035$774$480
25 years$2,215$1,688$1,270$945$696$421
26 years$2,107$1,587$1,178$864$627$370
27 years$2,007$1,493$1,094$791$566$325
28 years$1,915$1,407$1,017$725$510$286
29 years$1,829$1,327$946$665$461$252
30 years$1,749$1,254$881$610$416$222
31 years$1,674$1,185$822$560$376$195
32 years$1,604$1,121$767$515$341$172
33 years$1,538$1,062$716$473$308$152
34 years$1,477$1,006$669$436$279$134
35 years$1,419$955$625$401$253$118
36 years$1,364$906$585$369$229$104
37 years$1,313$860$548$340$208$92
38 years$1,264$818$513$314$188$81
39 years$1,218$778$480$289$171$71
40 years$1,174$740$450$267$155$63
41 years$1,133$704$422$246$140$56
42 years$1,094$671$396$227$127$49
43 years$1,056$639$372$210$116$43
44 years$1,021$609$349$194$105$38
45 years$987$581$328$179$95$34
46 years$954$554$308$165$87$30
47 years$923$529$289$153$79$26
48 years$894$505$272$141$71$23
49 years$866$482$255$130$65$21
50 years$839$461$240$120$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $859,000, adding $4,366 every year, while hoping to spend $48,746 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: 81/6/13 Blend
59$859,000$859,000$859,000$859,000
60$951,122$905,595$892,280$1,025,466
61$996,271$898,103$870,306$1,067,411
62$1,044,391$888,611$845,962$1,106,643
63$1,095,735$876,969$819,118$1,148,285
64$1,150,577$863,018$789,635$1,192,556
65$1,209,220$846,590$757,372$1,239,694
66$1,271,995$827,507$722,179$1,289,966
67$1,339,266$805,582$683,899$1,343,661
68$1,411,430$780,615$642,369$1,401,102
69$1,488,925$752,394$597,417$1,462,642
70$1,572,230$720,697$548,866$1,528,673
71$1,661,873$685,286$496,528$1,599,624
72$1,758,432$645,913$440,210$1,675,969
73$1,862,542$602,312$379,707$1,758,233
74$1,974,900$554,205$314,806$1,846,992
75$2,096,274$501,295$245,286$1,942,883
76$2,227,507$443,271$170,916$2,046,606
77$2,369,523$379,802$91,452$2,158,935
78$2,523,342$310,540$6,643$2,280,724
79$2,690,082$235,115$0$2,412,913
80$2,870,974$153,140$0$2,568,173
81$3,067,372$64,203$0$2,737,753
82$3,280,765$0$0$2,922,034
83$3,512,791$0$0$3,124,569
84$3,765,251$0$0$3,349,572
85$4,040,127$0$0$3,594,575
86$4,339,602$0$0$3,861,523
87$4,666,076$0$0$4,152,559
88$5,022,191$0$0$4,470,041
89$5,410,855$0$0$4,816,565
90$5,835,270$0$0$5,194,988
91$6,298,958$0$0$5,608,455
92$6,805,801$0$0$6,060,428
93$7,360,068$0$0$6,554,719
94$7,966,463$0$0$7,095,526
95$8,630,164$0$0$7,687,471
96$9,356,873$0$0$8,335,642
97$10,152,869$0$0$9,045,644
98$11,025,067$0$0$9,823,650
99$11,981,081$0$0$10,676,455
100$13,029,301$0$0$11,611,546