Can I retire at age 60 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$70,523$69,894$69,281$68,683$68,099$67,812
2 years$34,912$34,262$33,632$33,021$32,428$32,138
3 years$23,044$22,391$21,762$21,157$20,574$20,290
4 years$17,110$16,459$15,837$15,242$14,673$14,398
5 years$13,551$12,904$12,290$11,708$11,154$10,889
6 years$11,180$10,537$9,932$9,363$8,826$8,570
7 years$9,486$8,849$8,254$7,697$7,178$6,931
8 years$8,217$7,585$7,000$6,457$5,955$5,718
9 years$7,230$6,605$6,029$5,500$5,015$4,788
10 years$6,441$5,822$5,256$4,741$4,273$4,055
11 years$5,795$5,183$4,628$4,126$3,675$3,467
12 years$5,258$4,652$4,107$3,619$3,185$2,986
13 years$4,804$4,204$3,669$3,195$2,777$2,587
14 years$4,415$3,821$3,297$2,836$2,434$2,253
15 years$4,078$3,491$2,977$2,530$2,143$1,971
16 years$3,784$3,203$2,699$2,265$1,894$1,730
17 years$3,524$2,949$2,456$2,035$1,680$1,524
18 years$3,294$2,725$2,242$1,834$1,493$1,346
19 years$3,088$2,526$2,052$1,657$1,331$1,191
20 years$2,902$2,347$1,883$1,501$1,189$1,056
21 years$2,735$2,186$1,732$1,362$1,064$938
22 years$2,583$2,041$1,597$1,239$954$835
23 years$2,445$1,909$1,474$1,128$856$744
24 years$2,318$1,788$1,363$1,029$770$664
25 years$2,202$1,678$1,263$940$692$593
26 years$2,094$1,577$1,171$859$624$530
27 years$1,995$1,484$1,088$786$562$474
28 years$1,903$1,399$1,011$720$507$424
29 years$1,818$1,320$941$661$458$380
30 years$1,738$1,246$876$606$414$341
31 years$1,664$1,178$817$557$374$306
32 years$1,595$1,115$762$512$339$274
33 years$1,529$1,056$712$471$306$246
34 years$1,468$1,001$665$433$277$221
35 years$1,411$949$622$399$251$199
36 years$1,356$901$582$367$228$178
37 years$1,305$855$544$338$206$160
38 years$1,257$813$510$312$187$144
39 years$1,211$773$478$287$170$130
40 years$1,168$736$448$265$154$117
41 years$1,126$700$420$245$140$105
42 years$1,087$667$394$226$127$94
43 years$1,050$635$369$208$115$85
44 years$1,015$606$347$192$104$76
45 years$981$577$326$178$95$69
46 years$949$551$306$164$86$62
47 years$918$526$287$152$78$56
48 years$889$502$270$140$71$50
49 years$861$479$254$130$64$45
50 years$834$458$239$120$59$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $854,000, adding $5,191 every year, while hoping to spend $42,342 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: 43/33/24 Blend
59$854,000$854,000$854,000$854,000
60$946,463$901,201$887,964$980,345
61$997,950$900,308$872,659$1,004,069
62$1,053,270$897,952$855,422$1,025,289
63$1,112,769$894,017$836,144$1,047,439
64$1,176,827$888,380$814,711$1,070,628
65$1,245,862$880,908$791,001$1,094,980
66$1,320,331$871,464$764,892$1,120,632
67$1,400,739$859,900$736,250$1,147,739
68$1,487,640$846,061$704,939$1,176,477
69$1,581,641$829,779$670,816$1,207,041
70$1,683,411$810,881$633,732$1,239,649
71$1,793,686$789,182$593,529$1,274,548
72$1,913,274$764,483$550,044$1,312,011
73$2,043,063$736,579$503,106$1,352,347
74$2,184,033$705,248$452,536$1,395,898
75$2,337,257$670,258$398,149$1,443,047
76$2,503,919$631,363$339,749$1,494,221
77$2,685,321$588,302$277,133$1,549,896
78$2,882,896$540,800$210,089$1,610,604
79$3,098,218$488,566$138,394$1,676,935
80$3,333,023$431,293$61,817$1,749,549
81$3,589,221$368,655$0$1,829,176
82$3,868,911$300,309$0$1,921,729
83$4,174,408$225,893$0$2,040,241
84$4,508,259$145,022$0$2,169,939
85$4,873,265$57,293$0$2,312,011
86$5,272,515$0$0$2,467,770
87$5,709,408$0$0$2,652,370
88$6,187,684$0$0$2,877,334
89$6,711,467$0$0$3,123,809
90$7,285,293$0$0$3,393,942
91$7,914,161$0$0$3,690,103
92$8,603,576$0$0$4,014,895
93$9,359,599$0$0$4,371,191
94$10,188,907$0$0$4,762,153
95$11,098,857$0$0$5,191,264
96$12,097,547$0$0$5,662,360
97$13,193,902$0$0$6,179,668
98$14,397,751$0$0$6,747,844
99$15,719,922$0$0$7,372,015
100$17,172,342$0$0$8,057,833