Can I retire at age 60 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$70,192$69,567$68,957$68,362$67,780$66,767
2 years$34,749$34,101$33,474$32,866$32,276$31,258
3 years$22,936$22,286$21,660$21,058$20,477$19,486
4 years$17,030$16,382$15,763$15,171$14,605$13,647
5 years$13,488$12,844$12,233$11,653$11,102$10,181
6 years$11,127$10,488$9,886$9,319$8,785$7,902
7 years$9,442$8,808$8,215$7,661$7,144$6,299
8 years$8,178$7,550$6,967$6,427$5,927$5,120
9 years$7,196$6,574$6,001$5,474$4,991$4,222
10 years$6,410$5,794$5,232$4,719$4,253$3,521
11 years$5,768$5,158$4,606$4,107$3,658$2,962
12 years$5,234$4,630$4,088$3,602$3,170$2,509
13 years$4,781$4,184$3,652$3,180$2,764$2,138
14 years$4,394$3,803$3,281$2,823$2,423$1,830
15 years$4,059$3,474$2,963$2,518$2,133$1,573
16 years$3,766$3,188$2,686$2,254$1,885$1,357
17 years$3,507$2,936$2,444$2,026$1,672$1,173
18 years$3,278$2,713$2,231$1,825$1,486$1,017
19 years$3,073$2,514$2,043$1,649$1,325$884
20 years$2,889$2,336$1,875$1,494$1,183$769
21 years$2,722$2,176$1,724$1,356$1,059$670
22 years$2,571$2,031$1,589$1,233$949$585
23 years$2,433$1,900$1,467$1,123$852$511
24 years$2,307$1,780$1,357$1,024$766$447
25 years$2,191$1,670$1,257$935$689$391
26 years$2,085$1,570$1,166$855$621$342
27 years$1,986$1,478$1,082$783$560$300
28 years$1,894$1,392$1,006$717$505$263
29 years$1,809$1,313$936$658$456$231
30 years$1,730$1,240$872$603$412$202
31 years$1,656$1,173$813$554$373$178
32 years$1,587$1,109$759$509$337$156
33 years$1,522$1,051$708$468$305$137
34 years$1,461$996$662$431$276$120
35 years$1,404$945$619$397$250$106
36 years$1,350$897$579$365$227$93
37 years$1,299$851$542$337$205$82
38 years$1,251$809$507$310$186$72
39 years$1,205$769$475$286$169$63
40 years$1,162$732$446$264$153$56
41 years$1,121$697$418$243$139$49
42 years$1,082$664$392$225$126$43
43 years$1,045$632$368$207$114$38
44 years$1,010$603$345$192$104$33
45 years$976$575$324$177$94$29
46 years$944$548$304$163$86$26
47 years$914$523$286$151$78$23
48 years$885$500$269$139$71$20
49 years$857$477$253$129$64$18
50 years$830$456$238$119$58$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $850,000, adding $5,646 every year, while hoping to spend $33,803 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: 57/35/8 Blend
59$850,000$850,000$850,000$850,000
60$942,524$897,474$884,299$994,204
61$1,002,695$905,484$877,957$1,037,675
62$1,067,871$912,754$870,269$1,080,736
63$1,138,526$919,211$861,156$1,126,826
64$1,215,183$924,779$850,531$1,176,237
65$1,298,415$929,377$838,307$1,229,293
66$1,388,854$932,917$824,392$1,286,351
67$1,487,195$935,308$808,687$1,347,805
68$1,594,202$936,451$791,091$1,414,092
69$1,710,717$936,243$771,498$1,485,693
70$1,837,663$934,573$749,797$1,563,139
71$1,976,061$931,323$725,871$1,647,017
72$2,127,030$926,369$699,599$1,737,976
73$2,291,805$919,578$670,853$1,836,732
74$2,471,743$910,811$639,501$1,944,076
75$2,668,339$899,919$605,402$2,060,880
76$2,883,239$886,745$568,412$2,188,108
77$3,118,255$871,121$528,380$2,326,825
78$3,375,381$852,870$485,145$2,478,206
79$3,656,815$831,806$438,542$2,643,549
80$3,964,975$807,729$388,398$2,824,285
81$4,302,525$780,431$334,532$3,021,997
82$4,672,399$749,688$276,755$3,238,429
83$5,077,827$715,266$214,870$3,475,509
84$5,522,367$676,915$148,670$3,735,364
85$6,009,938$634,374$77,940$4,020,340
86$6,544,856$587,363$2,455$4,333,028
87$7,131,876$535,589$0$4,676,288
88$7,776,235$478,740$0$5,059,942
89$8,483,701$416,488$0$5,481,462
90$9,260,628$348,486$0$5,944,501
91$10,114,017$274,367$0$6,453,323
92$11,051,579$193,743$0$7,012,629
93$12,081,810$106,206$0$7,627,604
94$13,214,067$11,323$0$8,303,970
95$14,458,662$0$0$9,048,034
96$15,826,954$0$0$9,901,943
97$17,331,457$0$0$10,845,734
98$18,985,959$0$0$11,883,706
99$20,805,651$0$0$13,025,400
100$22,807,270$0$0$14,281,328