Can I retire at age 60 with 861,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$71,101$70,467$69,849$69,246$68,657$66,540
2 years$35,198$34,543$33,907$33,291$32,694$30,579
3 years$23,232$22,574$21,940$21,330$20,742$18,696
4 years$17,251$16,594$15,967$15,367$14,794$12,832
5 years$13,663$13,010$12,391$11,803$11,246$9,374
6 years$11,271$10,624$10,014$9,439$8,898$7,119
7 years$9,564$8,922$8,322$7,761$7,237$5,549
8 years$8,284$7,648$7,057$6,510$6,004$4,406
9 years$7,289$6,659$6,078$5,545$5,056$3,547
10 years$6,493$5,869$5,299$4,780$4,308$2,885
11 years$5,843$5,225$4,665$4,160$3,705$2,366
12 years$5,301$4,690$4,140$3,649$3,211$1,953
13 years$4,843$4,238$3,699$3,221$2,800$1,620
14 years$4,451$3,852$3,324$2,860$2,454$1,350
15 years$4,111$3,519$3,001$2,550$2,161$1,128
16 years$3,815$3,229$2,721$2,284$1,910$946
17 years$3,553$2,974$2,476$2,052$1,693$795
18 years$3,321$2,748$2,260$1,849$1,506$669
19 years$3,113$2,547$2,069$1,671$1,342$564
20 years$2,926$2,366$1,899$1,513$1,199$476
21 years$2,758$2,204$1,747$1,373$1,073$402
22 years$2,605$2,058$1,610$1,249$962$340
23 years$2,465$1,924$1,486$1,137$863$288
24 years$2,337$1,803$1,375$1,037$776$244
25 years$2,220$1,692$1,273$947$698$207
26 years$2,112$1,590$1,181$866$629$176
27 years$2,012$1,497$1,096$793$567$149
28 years$1,919$1,410$1,019$726$512$126
29 years$1,833$1,330$949$666$462$107
30 years$1,753$1,256$884$611$417$91
31 years$1,678$1,188$824$561$377$77
32 years$1,608$1,124$769$516$341$66
33 years$1,542$1,064$718$474$309$56
34 years$1,480$1,009$670$437$280$47
35 years$1,422$957$627$402$253$40
36 years$1,367$908$586$370$230$34
37 years$1,316$862$549$341$208$29
38 years$1,267$820$514$314$189$25
39 years$1,221$779$482$290$171$21
40 years$1,177$742$451$267$155$18
41 years$1,136$706$423$247$141$15
42 years$1,096$672$397$228$128$13
43 years$1,059$641$373$210$116$11
44 years$1,023$611$350$194$105$9
45 years$989$582$328$179$96$8
46 years$957$555$308$165$87$7
47 years$926$530$290$153$79$6
48 years$896$506$272$141$72$5
49 years$868$483$256$131$65$4
50 years$841$462$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $861,000, adding $3,347 every year, while hoping to spend $32,047 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: 26/49/25 Blend
59$861,000$861,000$861,000$861,000
60$952,274$906,641$893,296$969,470
61$1,015,309$916,969$889,124$993,973
62$1,083,698$926,729$883,737$1,017,257
63$1,157,956$935,859$877,063$1,041,566
64$1,238,645$944,293$869,022$1,067,011
65$1,326,385$951,962$859,533$1,093,710
66$1,421,859$958,791$848,510$1,121,798
67$1,525,817$964,700$835,863$1,151,428
68$1,639,085$969,605$821,499$1,182,768
69$1,762,572$973,416$805,320$1,216,006
70$1,897,278$976,037$787,222$1,251,355
71$2,044,304$977,367$767,097$1,289,048
72$2,204,862$977,297$744,834$1,329,349
73$2,380,286$975,713$720,314$1,372,551
74$2,572,046$972,492$693,415$1,418,980
75$2,781,757$967,507$664,007$1,469,001
76$3,011,200$960,619$631,955$1,523,017
77$3,262,337$951,684$597,120$1,581,480
78$3,537,325$940,546$559,354$1,644,891
79$3,838,543$927,043$518,502$1,713,807
80$4,168,607$911,001$474,405$1,788,848
81$4,530,402$892,237$426,895$1,870,703
82$4,927,103$870,557$375,795$1,960,137
83$5,362,207$845,754$320,924$2,057,998
84$5,839,566$817,610$262,089$2,165,229
85$6,363,425$785,896$199,092$2,282,875
86$6,938,456$750,366$131,723$2,412,097
87$7,569,808$710,764$59,766$2,554,181
88$8,263,152$666,815$0$2,710,554
89$9,024,736$618,231$0$2,887,336
90$9,861,441$564,707$0$3,099,046
91$10,780,851$505,920$0$3,331,732
92$11,791,317$441,529$0$3,587,610
93$12,902,041$371,174$0$3,869,131
94$14,123,161$294,474$0$4,179,003
95$15,465,847$211,026$0$4,520,221
96$16,942,404$120,407$0$4,896,089
97$18,566,389$22,167$0$5,310,263
98$20,352,740$0$0$5,766,777
99$22,317,915$0$0$6,315,472
100$24,480,047$0$0$6,932,476