Can I retire at age 60 with 859,000?

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 $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%18.7%
1 years$70,935$70,304$69,687$69,085$68,498$66,094
2 years$35,117$34,463$33,829$33,214$32,618$30,221
3 years$23,178$22,522$21,889$21,281$20,694$18,380
4 years$17,211$16,556$15,930$15,331$14,759$12,545
5 years$13,631$12,980$12,362$11,776$11,220$9,112
6 years$11,245$10,599$9,991$9,417$8,878$6,878
7 years$9,542$8,901$8,302$7,743$7,220$5,327
8 years$8,265$7,630$7,041$6,495$5,990$4,203
9 years$7,272$6,643$6,064$5,532$5,044$3,360
10 years$6,478$5,856$5,287$4,769$4,298$2,715
11 years$5,829$5,213$4,655$4,150$3,696$2,211
12 years$5,289$4,679$4,131$3,640$3,203$1,811
13 years$4,832$4,228$3,691$3,214$2,793$1,491
14 years$4,441$3,843$3,316$2,853$2,449$1,233
15 years$4,102$3,511$2,994$2,544$2,156$1,023
16 years$3,806$3,221$2,714$2,278$1,905$851
17 years$3,545$2,967$2,470$2,047$1,689$709
18 years$3,313$2,741$2,255$1,845$1,502$592
19 years$3,106$2,541$2,064$1,667$1,339$495
20 years$2,919$2,361$1,894$1,510$1,196$414
21 years$2,751$2,199$1,742$1,370$1,070$347
22 years$2,598$2,053$1,606$1,246$959$291
23 years$2,459$1,920$1,483$1,135$861$244
24 years$2,332$1,799$1,371$1,035$774$205
25 years$2,215$1,688$1,270$945$696$172
26 years$2,107$1,587$1,178$864$627$145
27 years$2,007$1,493$1,094$791$566$122
28 years$1,915$1,407$1,017$725$510$103
29 years$1,829$1,327$946$665$461$86
30 years$1,749$1,254$881$610$416$73
31 years$1,674$1,185$822$560$376$61
32 years$1,604$1,121$767$515$341$51
33 years$1,538$1,062$716$473$308$43
34 years$1,477$1,006$669$436$279$36
35 years$1,419$955$625$401$253$31
36 years$1,364$906$585$369$229$26
37 years$1,313$860$548$340$208$22
38 years$1,264$818$513$314$188$18
39 years$1,218$778$480$289$171$15
40 years$1,174$740$450$267$155$13
41 years$1,133$704$422$246$140$11
42 years$1,094$671$396$227$127$9
43 years$1,056$639$372$210$116$8
44 years$1,021$609$349$194$105$7
45 years$987$581$328$179$95$6
46 years$954$554$308$165$87$5
47 years$923$529$289$153$79$4
48 years$894$505$272$141$71$3
49 years$866$482$255$130$65$3
50 years$839$461$240$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $859,000, adding $6,829 every year, while hoping to spend $47,379 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: 47/36/17 Blend
59$859,000$859,000$859,000$859,000
60$953,662$908,135$894,821$993,601
61$1,000,525$902,223$874,386$1,016,146
62$1,050,579$894,433$851,679$1,035,253
63$1,104,102$884,623$826,574$1,054,975
64$1,161,394$872,644$798,938$1,075,390
65$1,222,787$858,334$768,633$1,096,584
66$1,288,644$841,525$735,515$1,118,656
67$1,359,365$822,039$699,434$1,141,719
68$1,435,386$799,685$660,231$1,165,901
69$1,517,189$774,263$617,742$1,191,345
70$1,605,300$745,560$571,795$1,218,214
71$1,700,300$713,351$522,209$1,246,692
72$1,802,824$677,399$468,796$1,276,986
73$1,913,572$637,452$411,361$1,309,330
74$2,033,312$593,243$349,697$1,343,983
75$2,162,890$544,491$283,592$1,381,241
76$2,303,233$490,899$212,820$1,421,432
77$2,455,362$432,153$137,149$1,464,927
78$2,620,400$367,920$56,335$1,512,137
79$2,799,582$297,849$0$1,563,526
80$2,994,266$221,570$0$1,625,035
81$3,205,944$138,690$0$1,703,074
82$3,436,261$48,797$0$1,788,108
83$3,687,025$0$0$1,880,910
84$3,960,225$0$0$2,001,566
85$4,258,050$0$0$2,154,260
86$4,582,912$0$0$2,320,907
87$4,937,461$0$0$2,502,880
88$5,324,617$0$0$2,701,689
89$5,747,595$0$0$2,918,998
90$6,209,932$0$0$3,156,637
91$6,715,525$0$0$3,416,622
92$7,268,661$0$0$3,701,172
93$7,874,064$0$0$4,012,733
94$8,536,934$0$0$4,353,994
95$9,262,999$0$0$4,727,922
96$10,058,563$0$0$5,137,779
97$10,930,573$0$0$5,587,162
98$11,886,679$0$0$6,080,029
99$12,935,305$0$0$6,620,743
100$14,085,730$0$0$7,214,106