Can I retire at age 60 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$70,275$69,649$69,038$68,442$67,860$66,139
2 years$34,789$34,142$33,514$32,905$32,314$30,592
3 years$22,963$22,312$21,686$21,082$20,501$18,831
4 years$17,050$16,402$15,782$15,189$14,622$13,016
5 years$13,504$12,859$12,247$11,666$11,115$9,579
6 years$11,140$10,500$9,897$9,330$8,795$7,330
7 years$9,453$8,818$8,225$7,670$7,153$5,759
8 years$8,188$7,559$6,975$6,435$5,934$4,611
9 years$7,204$6,581$6,008$5,481$4,997$3,743
10 years$6,418$5,801$5,238$4,725$4,258$3,072
11 years$5,775$5,164$4,611$4,112$3,662$2,542
12 years$5,240$4,635$4,092$3,607$3,173$2,117
13 years$4,787$4,189$3,656$3,184$2,767$1,773
14 years$4,399$3,808$3,285$2,826$2,426$1,492
15 years$4,064$3,478$2,966$2,521$2,136$1,259
16 years$3,770$3,191$2,689$2,257$1,888$1,066
17 years$3,512$2,939$2,447$2,028$1,674$905
18 years$3,282$2,716$2,234$1,828$1,488$770
19 years$3,077$2,517$2,045$1,651$1,326$656
20 years$2,892$2,339$1,877$1,496$1,185$560
21 years$2,726$2,179$1,726$1,357$1,060$478
22 years$2,574$2,034$1,591$1,234$950$409
23 years$2,436$1,902$1,469$1,124$853$350
24 years$2,310$1,782$1,359$1,025$767$300
25 years$2,194$1,672$1,258$936$690$257
26 years$2,087$1,572$1,167$856$622$221
27 years$1,988$1,479$1,084$784$560$189
28 years$1,897$1,394$1,007$718$506$162
29 years$1,812$1,315$938$658$457$140
30 years$1,732$1,242$873$604$413$120
31 years$1,658$1,174$814$555$373$103
32 years$1,589$1,111$760$510$337$89
33 years$1,524$1,052$709$469$305$76
34 years$1,463$997$663$431$276$65
35 years$1,406$946$620$397$250$56
36 years$1,352$898$580$366$227$48
37 years$1,301$852$542$337$206$42
38 years$1,252$810$508$311$186$36
39 years$1,207$770$476$286$169$31
40 years$1,163$733$446$264$153$26
41 years$1,122$698$418$244$139$23
42 years$1,083$664$392$225$126$20
43 years$1,046$633$368$208$115$17
44 years$1,011$603$346$192$104$15
45 years$977$575$325$177$94$12
46 years$945$549$305$164$86$11
47 years$915$524$286$151$78$9
48 years$886$500$269$140$71$8
49 years$858$478$253$129$64$7
50 years$831$456$238$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $851,000, adding $3,873 every year, while hoping to spend $39,844 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: 49/40/11 Blend
59$851,000$851,000$851,000$851,000
60$941,797$896,694$883,503$984,953
61$995,467$898,238$870,707$1,016,525
62$1,053,275$898,523$856,147$1,046,303
63$1,115,603$897,444$839,721$1,077,739
64$1,182,867$894,891$821,324$1,111,002
65$1,255,526$890,748$800,846$1,146,277
66$1,334,085$884,890$778,169$1,183,772
67$1,419,097$877,185$753,174$1,223,717
68$1,511,172$867,494$725,732$1,266,367
69$1,610,980$855,670$695,712$1,312,009
70$1,719,256$841,554$662,975$1,360,957
71$1,836,812$824,981$627,376$1,413,562
72$1,964,537$805,776$588,763$1,470,217
73$2,103,412$783,751$546,979$1,531,352
74$2,254,514$758,709$501,857$1,597,449
75$2,419,030$730,441$453,225$1,669,041
76$2,598,266$698,728$400,903$1,746,720
77$2,793,657$663,333$344,701$1,831,142
78$3,006,784$624,011$284,423$1,923,035
79$3,239,389$580,500$219,863$2,023,206
80$3,493,384$532,522$150,807$2,132,548
81$3,770,881$479,787$77,030$2,252,051
82$4,074,198$421,984$0$2,382,814
83$4,405,893$358,788$0$2,526,252
84$4,768,779$289,853$0$2,693,171
85$5,165,953$214,815$0$2,876,041
86$5,600,829$133,290$0$3,076,543
87$6,077,162$44,869$0$3,296,535
88$6,599,090$0$0$3,538,071
89$7,171,170$0$0$3,825,814
90$7,798,419$0$0$4,163,052
91$8,486,366$0$0$4,533,019
92$9,241,096$0$0$4,939,001
93$10,069,317$0$0$5,384,617
94$10,978,413$0$0$5,873,853
95$11,976,521$0$0$6,411,102
96$13,072,603$0$0$7,001,201
97$14,276,531$0$0$7,649,479
98$15,599,181$0$0$8,361,808
99$17,052,535$0$0$9,144,654
100$18,649,791$0$0$10,005,144