Can I retire at age 60 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$70,770$70,140$69,525$68,925$68,338$67,484
2 years$35,035$34,382$33,750$33,137$32,542$31,683
3 years$23,125$22,469$21,838$21,231$20,646$19,808
4 years$17,171$16,517$15,893$15,296$14,725$13,915
5 years$13,599$12,950$12,333$11,749$11,194$10,414
6 years$11,219$10,574$9,967$9,395$8,857$8,108
7 years$9,519$8,880$8,283$7,725$7,203$6,486
8 years$8,245$7,612$7,025$6,480$5,976$5,290
9 years$7,255$6,628$6,050$5,519$5,032$4,378
10 years$6,463$5,842$5,275$4,758$4,288$3,664
11 years$5,816$5,201$4,644$4,141$3,688$3,094
12 years$5,277$4,668$4,121$3,632$3,196$2,631
13 years$4,821$4,218$3,682$3,206$2,787$2,251
14 years$4,430$3,834$3,308$2,846$2,443$1,935
15 years$4,092$3,503$2,987$2,538$2,151$1,670
16 years$3,797$3,214$2,708$2,273$1,901$1,446
17 years$3,536$2,960$2,464$2,042$1,686$1,256
18 years$3,305$2,735$2,250$1,840$1,499$1,093
19 years$3,098$2,535$2,059$1,663$1,336$954
20 years$2,913$2,355$1,890$1,506$1,193$834
21 years$2,745$2,194$1,738$1,367$1,068$730
22 years$2,592$2,048$1,602$1,243$957$640
23 years$2,453$1,915$1,479$1,132$859$561
24 years$2,326$1,795$1,368$1,032$772$493
25 years$2,209$1,684$1,267$943$695$434
26 years$2,102$1,583$1,175$862$626$382
27 years$2,002$1,490$1,091$789$564$336
28 years$1,910$1,404$1,015$723$509$296
29 years$1,824$1,324$944$663$460$261
30 years$1,744$1,251$879$608$415$230
31 years$1,670$1,182$820$559$376$203
32 years$1,600$1,119$765$514$340$179
33 years$1,535$1,059$714$472$307$158
34 years$1,473$1,004$667$435$278$140
35 years$1,416$952$624$400$252$123
36 years$1,361$904$584$368$228$109
37 years$1,310$858$546$339$207$96
38 years$1,261$816$512$313$188$85
39 years$1,215$776$479$288$170$75
40 years$1,172$738$449$266$154$67
41 years$1,130$703$421$245$140$59
42 years$1,091$669$395$227$127$52
43 years$1,054$638$371$209$115$46
44 years$1,018$608$348$193$105$41
45 years$984$580$327$178$95$36
46 years$952$553$307$165$86$32
47 years$921$528$288$152$78$28
48 years$892$504$271$141$71$25
49 years$864$481$255$130$65$22
50 years$837$459$239$120$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $857,000, adding $5,410 every year, while hoping to spend $45,610 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: 25/47/28 Blend
59$857,000$857,000$857,000$857,000
60$949,994$904,573$891,290$965,304
61$998,365$900,369$872,619$974,287
62$1,050,141$894,430$851,795$979,686
63$1,105,621$886,622$828,696$984,528
64$1,165,134$876,806$803,197$988,800
65$1,229,039$864,832$775,165$992,487
66$1,297,733$850,539$744,464$995,582
67$1,371,647$833,762$710,950$998,078
68$1,451,260$814,321$674,472$999,977
69$1,537,094$792,028$634,872$1,001,284
70$1,629,724$766,684$591,986$1,002,011
71$1,729,781$738,077$545,643$1,002,179
72$1,837,960$705,983$495,663$1,001,817
73$1,955,023$670,167$441,859$1,000,964
74$2,081,808$630,379$384,034$999,671
75$2,219,237$586,352$321,984$998,003
76$2,368,325$537,809$255,496$996,040
77$2,530,185$484,453$184,347$993,878
78$2,706,045$425,971$108,303$991,634
79$2,897,252$362,034$27,121$989,446
80$3,105,290$292,293$0$987,479
81$3,331,793$216,379$0$1,003,703
82$3,578,557$133,902$0$1,030,365
83$3,847,559$44,452$0$1,059,695
84$4,140,974$0$0$1,092,077
85$4,461,198$0$0$1,155,049
86$4,810,868$0$0$1,249,051
87$5,192,884$0$0$1,351,892
88$5,610,442$0$0$1,464,449
89$6,067,059$0$0$1,587,688
90$6,566,609$0$0$1,722,675
91$7,113,354$0$0$1,870,581
92$7,711,992$0$0$2,032,697
93$8,367,693$0$0$2,210,446
94$9,086,151$0$0$2,405,394
95$9,873,638$0$0$2,619,264
96$10,737,061$0$0$2,853,958
97$11,684,027$0$0$3,111,568
98$12,722,914$0$0$3,394,399
99$13,862,952$0$0$3,704,990
100$15,114,307$0$0$4,046,139