Can I retire at age 60 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$70,440$69,813$69,200$68,603$68,019$67,534
2 years$34,871$34,222$33,592$32,982$32,390$31,901
3 years$23,017$22,364$21,737$21,132$20,550$20,071
4 years$17,090$16,440$15,819$15,224$14,656$14,193
5 years$13,536$12,889$12,276$11,694$11,141$10,694
6 years$11,167$10,525$9,921$9,352$8,816$8,385
7 years$9,475$8,839$8,244$7,688$7,170$6,756
8 years$8,207$7,577$6,992$6,450$5,948$5,551
9 years$7,221$6,597$6,022$5,494$5,009$4,629
10 years$6,433$5,815$5,250$4,736$4,268$3,905
11 years$5,789$5,177$4,622$4,121$3,671$3,324
12 years$5,252$4,646$4,102$3,615$3,181$2,850
13 years$4,798$4,199$3,665$3,192$2,774$2,458
14 years$4,410$3,817$3,293$2,833$2,431$2,132
15 years$4,073$3,487$2,973$2,527$2,141$1,856
16 years$3,779$3,199$2,696$2,262$1,892$1,622
17 years$3,520$2,946$2,453$2,033$1,678$1,421
18 years$3,290$2,722$2,239$1,832$1,492$1,249
19 years$3,084$2,523$2,050$1,655$1,330$1,100
20 years$2,899$2,344$1,881$1,499$1,188$970
21 years$2,732$2,184$1,730$1,361$1,063$858
22 years$2,580$2,038$1,595$1,237$953$759
23 years$2,442$1,907$1,472$1,127$855$673
24 years$2,315$1,786$1,362$1,028$769$597
25 years$2,199$1,676$1,261$938$692$530
26 years$2,092$1,575$1,170$858$623$472
27 years$1,993$1,483$1,086$785$562$420
28 years$1,901$1,397$1,010$720$507$373
29 years$1,816$1,318$940$660$458$333
30 years$1,736$1,245$875$606$414$297
31 years$1,662$1,177$816$556$374$264
32 years$1,593$1,113$761$511$338$236
33 years$1,528$1,054$711$470$306$211
34 years$1,466$999$664$432$277$188
35 years$1,409$948$621$398$251$168
36 years$1,355$900$581$367$227$150
37 years$1,304$854$544$338$206$134
38 years$1,255$812$509$311$187$120
39 years$1,210$772$477$287$169$107
40 years$1,166$735$447$265$154$96
41 years$1,125$699$419$244$139$86
42 years$1,086$666$393$225$127$76
43 years$1,049$635$369$208$115$68
44 years$1,013$605$346$192$104$61
45 years$980$577$325$177$95$55
46 years$948$550$306$164$86$49
47 years$917$525$287$151$78$44
48 years$888$501$270$140$71$39
49 years$860$479$254$129$64$35
50 years$833$457$238$120$58$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $853,000, adding $3,436 every year, while hoping to spend $39,057 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: 65/27/8 Blend
59$853,000$853,000$853,000$853,000
60$943,550$898,341$885,120$1,003,193
61$998,236$900,804$873,215$1,045,785
62$1,057,191$902,078$859,602$1,087,357
63$1,120,809$902,064$844,183$1,131,759
64$1,189,523$900,656$826,855$1,179,262
65$1,263,809$897,744$807,510$1,230,167
66$1,344,190$893,206$786,034$1,284,805
67$1,431,242$886,917$762,311$1,343,543
68$1,525,596$878,744$736,216$1,406,786
69$1,627,948$868,544$707,620$1,474,982
70$1,739,063$856,166$676,389$1,548,623
71$1,859,780$841,451$642,381$1,628,255
72$1,991,026$824,230$605,449$1,714,482
73$2,133,817$804,324$565,438$1,807,969
74$2,289,274$781,544$522,188$1,909,451
75$2,458,629$755,688$475,530$2,019,740
76$2,643,237$726,545$425,288$2,139,733
77$2,844,590$693,889$371,278$2,270,419
78$3,064,332$657,482$313,309$2,412,892
79$3,304,269$617,075$251,181$2,568,360
80$3,566,392$572,399$184,683$2,738,155
81$3,852,892$523,175$113,598$2,923,750
82$4,166,181$469,104$37,697$3,126,769
83$4,508,915$409,873$0$3,349,007
84$4,884,018$345,151$0$3,596,139
85$5,294,709$274,585$0$3,870,330
86$5,744,536$197,806$0$4,170,794
87$6,237,403$114,423$0$4,500,216
88$6,777,610$24,021$0$4,861,561
89$7,369,894$0$0$5,258,097
90$8,019,472$0$0$5,715,368
91$8,732,089$0$0$6,224,902
92$9,514,074$0$0$6,784,096
93$10,372,397$0$0$7,397,942
94$11,314,738$0$0$8,071,938
95$12,349,554$0$0$8,812,144
96$13,486,165$0$0$9,625,232
97$14,734,834$0$0$10,518,554
98$16,106,869$0$0$11,500,209
99$17,614,728$0$0$12,579,118
100$19,272,135$0$0$13,765,112