Can I retire at age 60 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$71,018$70,385$69,768$69,166$68,578$67,276
2 years$35,157$34,503$33,868$33,253$32,656$31,349
3 years$23,205$22,548$21,915$21,305$20,718$19,448
4 years$17,231$16,575$15,948$15,349$14,776$13,552
5 years$13,647$12,995$12,377$11,790$11,233$10,057
6 years$11,258$10,611$10,002$9,428$8,888$7,763
7 years$9,553$8,911$8,312$7,752$7,228$6,155
8 years$8,274$7,639$7,049$6,503$5,997$4,973
9 years$7,280$6,651$6,071$5,539$5,050$4,077
10 years$6,486$5,862$5,293$4,774$4,303$3,379
11 years$5,836$5,219$4,660$4,155$3,701$2,825
12 years$5,295$4,684$4,136$3,645$3,207$2,378
13 years$4,838$4,233$3,695$3,218$2,796$2,013
14 years$4,446$3,848$3,320$2,856$2,451$1,712
15 years$4,107$3,515$2,997$2,547$2,158$1,461
16 years$3,810$3,225$2,718$2,281$1,908$1,251
17 years$3,549$2,970$2,473$2,049$1,691$1,074
18 years$3,317$2,745$2,257$1,847$1,504$925
19 years$3,109$2,544$2,067$1,669$1,340$797
20 years$2,923$2,364$1,897$1,511$1,197$689
21 years$2,754$2,202$1,745$1,372$1,071$596
22 years$2,601$2,055$1,608$1,247$960$516
23 years$2,462$1,922$1,485$1,136$862$447
24 years$2,334$1,801$1,373$1,036$775$388
25 years$2,217$1,690$1,272$946$697$337
26 years$2,109$1,588$1,179$865$628$293
27 years$2,009$1,495$1,095$792$566$254
28 years$1,917$1,409$1,018$725$511$221
29 years$1,831$1,329$947$665$461$192
30 years$1,751$1,255$882$611$417$168
31 years$1,676$1,186$823$561$377$146
32 years$1,606$1,123$768$515$341$127
33 years$1,540$1,063$717$474$309$111
34 years$1,479$1,008$670$436$279$96
35 years$1,421$956$626$401$253$84
36 years$1,366$907$586$370$229$73
37 years$1,314$861$548$341$208$64
38 years$1,266$819$513$314$188$56
39 years$1,219$779$481$289$171$49
40 years$1,176$741$451$267$155$42
41 years$1,134$705$423$246$141$37
42 years$1,095$671$397$227$128$32
43 years$1,057$640$372$210$116$28
44 years$1,022$610$349$194$105$25
45 years$988$582$328$179$95$21
46 years$955$555$308$165$87$19
47 years$925$529$289$153$79$16
48 years$895$505$272$141$71$14
49 years$867$483$256$130$65$12
50 years$840$461$240$121$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $860,000, adding $5,282 every year, while hoping to spend $27,322 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: 68/5/27 Blend
59$860,000$860,000$860,000$860,000
60$953,168$907,588$894,258$1,010,967
61$1,021,321$922,990$895,146$1,065,884
62$1,095,510$938,230$895,147$1,122,352
63$1,176,321$953,273$894,204$1,183,511
64$1,264,401$968,078$892,254$1,249,826
65$1,360,460$982,604$889,235$1,321,809
66$1,465,280$996,805$885,078$1,400,026
67$1,579,723$1,010,632$879,712$1,485,099
68$1,704,735$1,024,034$873,063$1,577,715
69$1,841,362$1,036,955$865,054$1,678,632
70$1,990,750$1,049,336$855,603$1,788,685
71$2,154,166$1,061,112$844,625$1,908,795
72$2,333,001$1,072,217$832,030$2,039,976
73$2,528,790$1,082,578$817,726$2,183,348
74$2,743,220$1,092,119$801,613$2,340,145
75$2,978,152$1,100,756$783,591$2,511,728
76$3,235,633$1,108,403$763,551$2,699,598
77$3,517,919$1,114,966$741,381$2,905,407
78$3,827,495$1,120,347$716,965$3,130,981
79$4,167,095$1,124,440$690,180$3,378,330
80$4,539,735$1,127,133$660,896$3,649,671
81$4,948,733$1,128,308$628,981$3,947,447
82$5,397,746$1,127,837$594,295$4,274,353
83$5,890,802$1,125,587$556,689$4,633,360
84$6,432,337$1,121,415$516,013$5,027,742
85$7,027,241$1,115,170$472,105$5,461,111
86$7,680,898$1,106,691$424,798$5,937,445
87$8,399,239$1,095,808$373,918$6,461,133
88$9,188,800$1,082,342$319,283$7,037,013
89$10,056,780$1,066,099$260,702$7,670,415
90$11,011,113$1,046,879$197,976$8,367,218
91$12,060,536$1,024,466$130,898$9,133,903
92$13,214,678$998,632$59,251$9,977,611
93$14,484,149$969,138$0$10,906,217
94$15,880,634$935,728$0$11,933,358
95$17,417,013$898,133$0$13,082,182
96$19,107,474$856,067$0$14,346,218
97$20,967,650$809,229$0$15,737,166
98$23,014,768$757,299$0$17,267,916
99$25,267,807$699,939$0$18,952,673
100$27,747,680$636,793$0$20,807,089