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%13.9%
1 years$71,018$70,385$69,768$69,166$68,578$67,469
2 years$35,157$34,503$33,868$33,253$32,656$31,542
3 years$23,205$22,548$21,915$21,305$20,718$19,634
4 years$17,231$16,575$15,948$15,349$14,776$13,730
5 years$13,647$12,995$12,377$11,790$11,233$10,227
6 years$11,258$10,611$10,002$9,428$8,888$7,925
7 years$9,553$8,911$8,312$7,752$7,228$6,307
8 years$8,274$7,639$7,049$6,503$5,997$5,117
9 years$7,280$6,651$6,071$5,539$5,050$4,212
10 years$6,486$5,862$5,293$4,774$4,303$3,506
11 years$5,836$5,219$4,660$4,155$3,701$2,944
12 years$5,295$4,684$4,136$3,645$3,207$2,489
13 years$4,838$4,233$3,695$3,218$2,796$2,117
14 years$4,446$3,848$3,320$2,856$2,451$1,809
15 years$4,107$3,515$2,997$2,547$2,158$1,552
16 years$3,810$3,225$2,718$2,281$1,908$1,335
17 years$3,549$2,970$2,473$2,049$1,691$1,152
18 years$3,317$2,745$2,257$1,847$1,504$997
19 years$3,109$2,544$2,067$1,669$1,340$864
20 years$2,923$2,364$1,897$1,511$1,197$750
21 years$2,754$2,202$1,745$1,372$1,071$652
22 years$2,601$2,055$1,608$1,247$960$568
23 years$2,462$1,922$1,485$1,136$862$495
24 years$2,334$1,801$1,373$1,036$775$432
25 years$2,217$1,690$1,272$946$697$377
26 years$2,109$1,588$1,179$865$628$329
27 years$2,009$1,495$1,095$792$566$288
28 years$1,917$1,409$1,018$725$511$252
29 years$1,831$1,329$947$665$461$220
30 years$1,751$1,255$882$611$417$193
31 years$1,676$1,186$823$561$377$169
32 years$1,606$1,123$768$515$341$148
33 years$1,540$1,063$717$474$309$130
34 years$1,479$1,008$670$436$279$114
35 years$1,421$956$626$401$253$100
36 years$1,366$907$586$370$229$87
37 years$1,314$861$548$341$208$77
38 years$1,266$819$513$314$188$67
39 years$1,219$779$481$289$171$59
40 years$1,176$741$451$267$155$52
41 years$1,134$705$423$246$141$45
42 years$1,095$671$397$227$128$40
43 years$1,057$640$372$210$116$35
44 years$1,022$610$349$194$105$31
45 years$988$582$328$179$95$27
46 years$955$555$308$165$87$24
47 years$925$529$289$153$79$21
48 years$895$505$272$141$71$18
49 years$867$483$256$130$65$16
50 years$840$461$240$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $860,000, adding $5,690 every year, while hoping to spend $46,540 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: 46/25/29 Blend
59$860,000$860,000$860,000$860,000
60$953,589$908,009$894,679$989,263
61$1,001,337$902,983$875,133$1,010,107
62$1,052,396$896,152$853,372$1,027,783
63$1,107,053$887,376$829,273$1,046,076
64$1,165,626$876,511$802,707$1,065,071
65$1,228,461$863,401$773,539$1,084,861
66$1,295,940$847,884$741,628$1,105,555
67$1,368,480$829,784$706,827$1,127,276
68$1,446,540$808,919$668,981$1,150,161
69$1,530,624$785,093$627,929$1,174,366
70$1,621,286$758,101$583,503$1,200,068
71$1,719,133$727,724$535,526$1,227,465
72$1,824,834$693,732$483,815$1,256,781
73$1,939,122$655,880$428,178$1,288,265
74$2,062,805$613,910$368,414$1,322,199
75$2,196,768$567,549$304,314$1,358,899
76$2,341,989$516,509$235,658$1,398,717
77$2,499,537$460,483$162,219$1,442,049
78$2,670,594$399,151$83,757$1,489,337
79$2,856,456$332,171$24$1,541,075
80$3,058,549$259,182$0$1,597,813
81$3,278,445$179,805$0$1,687,809
82$3,517,869$93,639$0$1,785,911
83$3,778,723$258$0$1,892,964
84$4,063,098$0$0$2,009,908
85$4,373,296$0$0$2,165,513
86$4,711,850$0$0$2,335,514
87$5,081,550$0$0$2,521,253
88$5,485,466$0$0$2,724,283
89$5,926,978$0$0$2,946,318
90$6,409,807$0$0$3,189,240
91$6,938,050$0$0$3,455,127
92$7,516,219$0$0$3,746,262
93$8,149,281$0$0$4,065,162
94$8,842,708$0$0$4,414,599
95$9,602,523$0$0$4,797,624
96$10,435,363$0$0$5,217,599
97$11,348,533$0$0$5,678,226
98$12,350,082$0$0$6,183,583
99$13,448,876$0$0$6,738,161
100$14,654,678$0$0$7,346,906