Can I retire at age 60 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$69,614$68,994$68,389$67,799$67,222$65,946
2 years$34,462$33,821$33,199$32,595$32,010$30,730
3 years$22,747$22,102$21,482$20,884$20,309$19,063
4 years$16,890$16,247$15,633$15,046$14,484$13,284
5 years$13,377$12,738$12,132$11,557$11,011$9,859
6 years$11,036$10,402$9,804$9,242$8,712$7,610
7 years$9,364$8,735$8,148$7,598$7,086$6,033
8 years$8,111$7,488$6,910$6,374$5,878$4,875
9 years$7,137$6,519$5,951$5,429$4,950$3,996
10 years$6,358$5,747$5,189$4,680$4,218$3,312
11 years$5,721$5,116$4,568$4,073$3,628$2,769
12 years$5,190$4,592$4,054$3,573$3,144$2,331
13 years$4,742$4,150$3,622$3,154$2,741$1,973
14 years$4,358$3,772$3,254$2,800$2,403$1,678
15 years$4,025$3,446$2,938$2,497$2,116$1,432
16 years$3,735$3,161$2,664$2,236$1,870$1,226
17 years$3,479$2,911$2,424$2,009$1,658$1,053
18 years$3,251$2,690$2,213$1,810$1,474$906
19 years$3,048$2,493$2,026$1,636$1,314$781
20 years$2,865$2,317$1,859$1,482$1,174$675
21 years$2,700$2,158$1,710$1,345$1,050$584
22 years$2,550$2,015$1,576$1,223$941$505
23 years$2,413$1,884$1,455$1,113$845$438
24 years$2,288$1,765$1,346$1,015$760$380
25 years$2,173$1,657$1,247$927$684$330
26 years$2,067$1,557$1,156$848$616$287
27 years$1,970$1,465$1,074$776$555$249
28 years$1,879$1,381$998$711$501$217
29 years$1,795$1,303$929$652$452$189
30 years$1,716$1,230$865$598$409$164
31 years$1,643$1,163$806$550$369$143
32 years$1,574$1,100$752$505$334$125
33 years$1,510$1,042$703$465$302$108
34 years$1,449$988$656$427$274$95
35 years$1,392$937$614$393$248$82
36 years$1,339$889$574$362$225$72
37 years$1,288$844$537$334$204$63
38 years$1,241$803$503$308$185$55
39 years$1,195$763$471$284$167$48
40 years$1,153$726$442$262$152$41
41 years$1,112$691$414$241$138$36
42 years$1,073$658$389$223$125$32
43 years$1,037$627$365$206$113$28
44 years$1,002$598$342$190$103$24
45 years$968$570$321$175$94$21
46 years$937$544$302$162$85$18
47 years$906$519$284$150$77$16
48 years$877$495$267$138$70$14
49 years$850$473$251$128$64$12
50 years$823$452$236$118$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $843,000, adding $6,784 every year, while hoping to spend $45,261 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: 23/49/28 Blend
59$843,000$843,000$843,000$843,000
60$935,984$891,305$878,238$949,121
61$983,297$886,821$859,502$956,522
62$1,033,919$880,601$838,621$960,199
63$1,088,139$872,512$815,476$963,175
64$1,146,276$862,412$789,941$965,421
65$1,208,679$850,152$761,886$966,912
66$1,275,729$835,574$731,174$967,624
67$1,347,846$818,510$697,662$967,535
68$1,425,493$798,784$661,199$966,628
69$1,509,174$776,205$621,631$964,889
70$1,599,447$750,577$578,793$962,310
71$1,696,923$721,687$532,514$958,888
72$1,802,272$689,313$482,617$954,628
73$1,916,233$653,218$428,914$949,541
74$2,039,618$613,155$371,211$943,648
75$2,173,317$568,858$309,305$936,981
76$2,318,312$520,048$242,983$929,584
77$2,475,681$466,432$172,024$921,514
78$2,646,610$407,697$96,197$912,846
79$2,832,404$343,513$15,259$903,670
80$3,034,497$273,534$0$894,100
81$3,254,470$197,391$0$905,517
82$3,494,059$114,696$0$923,081
83$3,755,177$25,039$0$942,503
84$4,039,927$0$0$964,093
85$4,350,626$0$0$1,027,030
86$4,689,823$0$0$1,110,619
87$5,060,325$0$0$1,202,068
88$5,465,219$0$0$1,302,156
89$5,907,909$0$0$1,411,744
90$6,392,138$0$0$1,531,778
91$6,922,029$0$0$1,663,300
92$7,502,123$0$0$1,807,459
93$8,137,419$0$0$1,965,519
94$8,833,423$0$0$2,138,873
95$9,596,197$0$0$2,329,055
96$10,432,421$0$0$2,537,753
97$11,349,447$0$0$2,766,829
98$12,355,377$0$0$3,018,334
99$13,459,133$0$0$3,294,524
100$14,670,543$0$0$3,597,888