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%18.5%
1 years$71,101$70,467$69,849$69,246$68,657$66,300
2 years$35,198$34,543$33,907$33,291$32,694$30,343
3 years$23,232$22,574$21,940$21,330$20,742$18,472
4 years$17,251$16,594$15,967$15,367$14,794$12,621
5 years$13,663$13,010$12,391$11,803$11,246$9,176
6 years$11,271$10,624$10,014$9,439$8,898$6,934
7 years$9,564$8,922$8,322$7,761$7,237$5,377
8 years$8,284$7,648$7,057$6,510$6,004$4,247
9 years$7,289$6,659$6,078$5,545$5,056$3,400
10 years$6,493$5,869$5,299$4,780$4,308$2,750
11 years$5,843$5,225$4,665$4,160$3,705$2,242
12 years$5,301$4,690$4,140$3,649$3,211$1,840
13 years$4,843$4,238$3,699$3,221$2,800$1,517
14 years$4,451$3,852$3,324$2,860$2,454$1,256
15 years$4,111$3,519$3,001$2,550$2,161$1,043
16 years$3,815$3,229$2,721$2,284$1,910$869
17 years$3,553$2,974$2,476$2,052$1,693$725
18 years$3,321$2,748$2,260$1,849$1,506$606
19 years$3,113$2,547$2,069$1,671$1,342$508
20 years$2,926$2,366$1,899$1,513$1,199$426
21 years$2,758$2,204$1,747$1,373$1,073$357
22 years$2,605$2,058$1,610$1,249$962$300
23 years$2,465$1,924$1,486$1,137$863$252
24 years$2,337$1,803$1,375$1,037$776$212
25 years$2,220$1,692$1,273$947$698$179
26 years$2,112$1,590$1,181$866$629$150
27 years$2,012$1,497$1,096$793$567$127
28 years$1,919$1,410$1,019$726$512$107
29 years$1,833$1,330$949$666$462$90
30 years$1,753$1,256$884$611$417$76
31 years$1,678$1,188$824$561$377$64
32 years$1,608$1,124$769$516$341$54
33 years$1,542$1,064$718$474$309$45
34 years$1,480$1,009$670$437$280$38
35 years$1,422$957$627$402$253$32
36 years$1,367$908$586$370$230$27
37 years$1,316$862$549$341$208$23
38 years$1,267$820$514$314$189$19
39 years$1,221$779$482$290$171$16
40 years$1,177$742$451$267$155$14
41 years$1,136$706$423$247$141$12
42 years$1,096$672$397$228$128$10
43 years$1,059$641$373$210$116$8
44 years$1,023$611$350$194$105$7
45 years$989$582$328$179$96$6
46 years$957$555$308$165$87$5
47 years$926$530$290$153$79$4
48 years$896$506$272$141$72$4
49 years$868$483$256$131$65$3
50 years$841$462$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $861,000, adding $3,654 every year, while hoping to spend $51,837 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: 65/22/13 Blend
59$861,000$861,000$861,000$861,000
60$952,591$906,958$893,613$1,011,403
61$994,601$896,245$868,394$1,040,433
62$1,039,159$883,269$840,594$1,065,762
63$1,086,470$867,866$810,070$1,092,140
64$1,136,757$849,859$776,676$1,119,670
65$1,190,268$829,063$740,255$1,148,462
66$1,247,269$805,282$700,648$1,178,642
67$1,308,056$778,306$657,685$1,210,352
68$1,372,951$747,916$611,191$1,243,746
69$1,442,306$713,878$560,980$1,278,999
70$1,516,509$675,946$506,860$1,316,307
71$1,595,984$633,858$448,631$1,355,885
72$1,681,196$587,339$386,082$1,397,976
73$1,772,656$536,096$318,994$1,442,849
74$1,870,924$479,822$247,137$1,490,802
75$1,976,616$418,191$170,274$1,542,170
76$2,090,406$350,858$88,153$1,597,324
77$2,213,036$277,458$515$1,656,676
78$2,345,321$197,609$0$1,720,684
79$2,488,155$110,903$0$1,802,759
80$2,642,522$16,913$0$1,891,480
81$2,809,503$0$0$1,987,446
82$2,990,285$0$0$2,111,930
83$3,186,175$0$0$2,251,300
84$3,398,608$0$0$2,402,491
85$3,629,164$0$0$2,566,632
86$3,879,580$0$0$2,744,967
87$4,151,765$0$0$2,938,864
88$4,447,823$0$0$3,149,825
89$4,770,064$0$0$3,379,508
90$5,121,033$0$0$3,629,733
91$5,503,531$0$0$3,902,504
92$5,920,638$0$0$4,200,029
93$6,375,746$0$0$4,524,733
94$6,872,588$0$0$4,879,292
95$7,415,274$0$0$5,266,646
96$8,008,326$0$0$5,690,034
97$8,656,725$0$0$6,153,023
98$9,365,955$0$0$6,659,539
99$10,142,053$0$0$7,213,905
100$10,991,668$0$0$7,820,883