Can I retire at age 60 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$70,027$69,403$68,795$68,201$67,621$66,500
2 years$34,667$34,021$33,395$32,789$32,200$31,075
3 years$22,882$22,233$21,609$21,008$20,429$19,334
4 years$16,990$16,344$15,726$15,135$14,570$13,513
5 years$13,456$12,814$12,204$11,625$11,076$10,060
6 years$11,101$10,463$9,863$9,297$8,764$7,791
7 years$9,419$8,787$8,196$7,643$7,128$6,197
8 years$8,159$7,532$6,951$6,412$5,913$5,025
9 years$7,179$6,558$5,987$5,461$4,980$4,134
10 years$6,395$5,781$5,219$4,708$4,243$3,439
11 years$5,755$5,146$4,595$4,097$3,649$2,886
12 years$5,221$4,619$4,078$3,594$3,162$2,439
13 years$4,770$4,174$3,643$3,173$2,757$2,072
14 years$4,384$3,794$3,274$2,816$2,417$1,770
15 years$4,049$3,466$2,956$2,512$2,128$1,517
16 years$3,757$3,180$2,680$2,249$1,881$1,304
17 years$3,499$2,929$2,438$2,021$1,668$1,125
18 years$3,270$2,706$2,226$1,821$1,483$972
19 years$3,066$2,508$2,038$1,646$1,322$842
20 years$2,882$2,331$1,870$1,490$1,181$731
21 years$2,716$2,171$1,720$1,353$1,057$635
22 years$2,565$2,026$1,585$1,230$947$552
23 years$2,428$1,895$1,464$1,120$850$481
24 years$2,302$1,776$1,354$1,022$764$419
25 years$2,186$1,667$1,254$933$688$366
26 years$2,080$1,566$1,163$853$619$319
27 years$1,981$1,474$1,080$781$558$279
28 years$1,890$1,389$1,004$715$504$244
29 years$1,805$1,310$934$656$455$213
30 years$1,726$1,237$870$602$411$186
31 years$1,652$1,170$811$553$372$163
32 years$1,583$1,107$757$508$336$143
33 years$1,519$1,048$707$467$304$125
34 years$1,458$993$660$430$275$109
35 years$1,401$942$617$396$250$96
36 years$1,347$894$578$365$226$84
37 years$1,296$849$541$336$205$74
38 years$1,248$807$506$310$186$65
39 years$1,202$768$474$285$168$57
40 years$1,159$730$445$263$153$50
41 years$1,118$695$417$243$139$43
42 years$1,080$662$391$224$126$38
43 years$1,043$631$367$207$114$33
44 years$1,008$601$344$191$104$29
45 years$974$573$323$176$94$26
46 years$942$547$304$163$85$23
47 years$912$522$285$151$78$20
48 years$882$498$268$139$70$17
49 years$855$476$252$129$64$15
50 years$828$455$237$119$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $848,000, adding $4,912 every year, while hoping to spend $43,666 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: 40/48/12 Blend
59$848,000$848,000$848,000$848,000
60$939,563$894,619$881,475$973,592
61$988,938$891,995$864,544$995,457
62$1,041,886$887,779$845,582$1,014,422
63$1,098,725$881,846$824,476$1,033,975
64$1,159,804$874,066$801,105$1,054,189
65$1,225,507$864,299$775,346$1,075,148
66$1,296,256$852,396$747,066$1,096,947
67$1,372,511$838,201$716,130$1,119,693
68$1,454,782$821,547$682,395$1,143,509
69$1,543,626$802,260$645,712$1,168,534
70$1,639,656$780,151$605,924$1,194,926
71$1,743,547$755,024$562,868$1,222,862
72$1,856,040$726,671$516,375$1,252,542
73$1,977,947$694,870$466,265$1,284,193
74$2,110,167$659,387$412,354$1,318,068
75$2,253,682$619,975$354,446$1,354,452
76$2,409,576$576,373$292,338$1,393,668
77$2,579,042$528,303$225,820$1,436,074
78$2,763,389$475,475$154,670$1,482,074
79$2,964,059$417,578$78,657$1,532,120
80$3,182,641$354,287$0$1,586,717
81$3,420,880$285,257$0$1,646,746
82$3,680,698$210,123$0$1,723,291
83$3,964,210$128,500$0$1,807,008
84$4,273,745$39,982$0$1,898,719
85$4,611,866$0$0$1,999,338
86$4,981,394$0$0$2,139,386
87$5,385,437$0$0$2,315,711
88$5,827,414$0$0$2,508,701
89$6,311,092$0$0$2,720,016
90$6,840,617$0$0$2,951,480
91$7,420,557$0$0$3,205,105
92$8,055,939$0$0$3,483,107
93$8,752,302$0$0$3,787,924
94$9,515,747$0$0$4,122,242
95$10,352,990$0$0$4,489,021
96$11,271,431$0$0$4,891,521
97$12,279,219$0$0$5,333,331
98$13,385,332$0$0$5,818,406
99$14,599,659$0$0$6,351,103
100$15,933,090$0$0$6,936,220