Can I retire at age 60 with 861,000?

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 $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%19.3%
1 years$71,101$70,467$69,849$69,246$68,657$66,090
2 years$35,198$34,543$33,907$33,291$32,694$30,137
3 years$23,232$22,574$21,940$21,330$20,742$18,276
4 years$17,251$16,594$15,967$15,367$14,794$12,437
5 years$13,663$13,010$12,391$11,803$11,246$9,004
6 years$11,271$10,624$10,014$9,439$8,898$6,774
7 years$9,564$8,922$8,322$7,761$7,237$5,229
8 years$8,284$7,648$7,057$6,510$6,004$4,110
9 years$7,289$6,659$6,078$5,545$5,056$3,275
10 years$6,493$5,869$5,299$4,780$4,308$2,635
11 years$5,843$5,225$4,665$4,160$3,705$2,138
12 years$5,301$4,690$4,140$3,649$3,211$1,745
13 years$4,843$4,238$3,699$3,221$2,800$1,431
14 years$4,451$3,852$3,324$2,860$2,454$1,178
15 years$4,111$3,519$3,001$2,550$2,161$973
16 years$3,815$3,229$2,721$2,284$1,910$805
17 years$3,553$2,974$2,476$2,052$1,693$668
18 years$3,321$2,748$2,260$1,849$1,506$555
19 years$3,113$2,547$2,069$1,671$1,342$462
20 years$2,926$2,366$1,899$1,513$1,199$385
21 years$2,758$2,204$1,747$1,373$1,073$321
22 years$2,605$2,058$1,610$1,249$962$268
23 years$2,465$1,924$1,486$1,137$863$224
24 years$2,337$1,803$1,375$1,037$776$187
25 years$2,220$1,692$1,273$947$698$157
26 years$2,112$1,590$1,181$866$629$131
27 years$2,012$1,497$1,096$793$567$110
28 years$1,919$1,410$1,019$726$512$92
29 years$1,833$1,330$949$666$462$77
30 years$1,753$1,256$884$611$417$64
31 years$1,678$1,188$824$561$377$54
32 years$1,608$1,124$769$516$341$45
33 years$1,542$1,064$718$474$309$38
34 years$1,480$1,009$670$437$280$32
35 years$1,422$957$627$402$253$27
36 years$1,367$908$586$370$230$22
37 years$1,316$862$549$341$208$19
38 years$1,267$820$514$314$189$16
39 years$1,221$779$482$290$171$13
40 years$1,177$742$451$267$155$11
41 years$1,136$706$423$247$141$9
42 years$1,096$672$397$228$128$8
43 years$1,059$641$373$210$116$6
44 years$1,023$611$350$194$105$5
45 years$989$582$328$179$96$5
46 years$957$555$308$165$87$4
47 years$926$530$290$153$79$3
48 years$896$506$272$141$72$3
49 years$868$483$256$131$65$2
50 years$841$462$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $861,000, adding $6,416 every year, while hoping to spend $50,490 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: 21/50/29 Blend
59$861,000$861,000$861,000$861,000
60$955,440$909,807$896,462$966,617
61$999,174$900,667$872,772$968,200
62$1,045,677$889,386$846,597$965,294
63$1,095,177$875,807$817,799$961,093
64$1,147,926$859,763$786,236$955,526
65$1,204,198$841,075$751,759$948,516
66$1,264,294$819,555$714,210$939,989
67$1,328,544$795,005$673,428$929,868
68$1,397,309$767,214$629,242$918,076
69$1,470,985$735,959$581,472$904,532
70$1,550,008$701,003$529,934$889,159
71$1,634,854$662,097$474,432$871,878
72$1,726,046$618,977$414,763$852,610
73$1,824,161$571,365$350,715$831,279
74$1,929,827$518,964$282,066$807,810
75$2,043,739$461,463$208,585$782,129
76$2,166,658$398,532$130,030$754,169
77$2,299,420$329,823$46,149$723,865
78$2,442,944$254,968$0$691,156
79$2,598,241$173,577$0$669,411
80$2,766,421$85,242$0$661,277
81$2,948,704$0$0$652,515
82$3,146,434$0$0$648,955
83$3,361,086$0$0$696,135
84$3,594,286$0$0$747,529
85$3,847,818$0$0$803,547
86$4,123,648$0$0$864,642
87$4,423,938$0$0$931,311
88$4,751,068$0$0$1,004,102
89$5,107,656$0$0$1,083,619
90$5,496,582$0$0$1,170,525
91$5,921,020$0$0$1,265,551
92$6,384,460$0$0$1,369,503
93$6,890,744$0$0$1,483,266
94$7,444,105$0$0$1,607,815
95$8,049,199$0$0$1,744,227
96$8,711,155$0$0$1,893,683
97$9,435,620$0$0$2,057,488
98$10,228,812$0$0$2,237,076
99$11,097,579$0$0$2,434,029
100$12,049,461$0$0$2,650,087