Can I retire at age 60 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$71,266$70,631$70,012$69,407$68,817$66,296
2 years$35,280$34,623$33,986$33,369$32,770$30,258
3 years$23,286$22,627$21,991$21,380$20,791$18,367
4 years$17,291$16,633$16,004$15,403$14,828$12,511
5 years$13,694$13,040$12,420$11,831$11,272$9,068
6 years$11,297$10,648$10,037$9,461$8,919$6,829
7 years$9,586$8,943$8,341$7,779$7,254$5,278
8 years$8,303$7,665$7,074$6,525$6,018$4,154
9 years$7,306$6,674$6,093$5,558$5,068$3,313
10 years$6,508$5,883$5,312$4,791$4,318$2,670
11 years$5,856$5,237$4,676$4,170$3,714$2,168
12 years$5,314$4,701$4,150$3,657$3,218$1,772
13 years$4,855$4,248$3,708$3,229$2,806$1,455
14 years$4,461$3,861$3,331$2,866$2,460$1,200
15 years$4,121$3,527$3,008$2,556$2,166$992
16 years$3,823$3,236$2,727$2,289$1,914$823
17 years$3,561$2,981$2,482$2,056$1,697$684
18 years$3,328$2,754$2,265$1,853$1,509$569
19 years$3,120$2,553$2,074$1,675$1,345$474
20 years$2,933$2,372$1,903$1,517$1,202$396
21 years$2,764$2,209$1,751$1,376$1,075$331
22 years$2,611$2,062$1,613$1,252$964$277
23 years$2,471$1,929$1,490$1,140$865$231
24 years$2,343$1,807$1,378$1,040$778$194
25 years$2,225$1,696$1,276$949$700$162
26 years$2,117$1,594$1,184$868$630$136
27 years$2,016$1,500$1,099$795$568$114
28 years$1,923$1,414$1,022$728$513$96
29 years$1,837$1,334$951$668$463$80
30 years$1,757$1,259$886$613$418$67
31 years$1,682$1,191$826$563$378$56
32 years$1,611$1,126$770$517$342$47
33 years$1,546$1,067$719$476$310$40
34 years$1,484$1,011$672$438$280$33
35 years$1,425$959$628$403$254$28
36 years$1,371$910$588$371$230$23
37 years$1,319$864$550$342$209$20
38 years$1,270$822$515$315$189$17
39 years$1,224$781$483$290$171$14
40 years$1,180$743$452$268$155$12
41 years$1,138$708$424$247$141$10
42 years$1,099$674$398$228$128$8
43 years$1,061$642$373$211$116$7
44 years$1,025$612$350$194$105$6
45 years$991$584$329$180$96$5
46 years$959$557$309$166$87$4
47 years$928$531$290$153$79$3
48 years$898$507$273$142$72$3
49 years$870$484$256$131$65$2
50 years$843$463$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 $863,000, adding $5,233 every year, while hoping to spend $51,190 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: 71/8/21 Blend
59$863,000$863,000$863,000$863,000
60$956,424$910,685$897,308$1,019,047
61$999,513$900,843$872,902$1,051,629
62$1,045,282$888,802$845,963$1,080,726
63$1,093,950$874,403$816,352$1,111,317
64$1,145,756$857,472$783,923$1,143,544
65$1,200,964$837,828$748,525$1,177,566
66$1,259,860$815,280$709,999$1,213,555
67$1,322,761$789,623$668,178$1,251,707
68$1,390,010$760,643$622,890$1,292,236
69$1,461,988$728,111$573,954$1,335,379
70$1,539,108$691,786$521,179$1,381,401
71$1,621,827$651,413$464,368$1,430,593
72$1,710,643$606,723$403,314$1,483,278
73$1,806,106$557,429$337,802$1,539,816
74$1,908,816$503,230$267,606$1,600,603
75$2,019,435$443,809$192,491$1,666,078
76$2,138,689$378,827$112,211$1,736,729
77$2,267,375$307,929$26,509$1,813,093
78$2,406,369$230,739$0$1,895,767
79$2,556,633$146,860$0$1,999,963
80$2,719,226$55,872$0$2,119,142
81$2,895,310$0$0$2,248,232
82$3,086,166$0$0$2,391,948
83$3,293,197$0$0$2,553,217
84$3,517,952$0$0$2,728,331
85$3,762,130$0$0$2,918,619
86$4,027,602$0$0$3,125,545
87$4,316,428$0$0$3,350,717
88$4,630,871$0$0$3,595,908
89$4,973,424$0$0$3,863,065
90$5,346,828$0$0$4,154,335
91$5,754,102$0$0$4,472,077
92$6,198,569$0$0$4,818,889
93$6,683,883$0$0$5,197,632
94$7,214,071$0$0$5,611,455
95$7,793,563$0$0$6,063,823
96$8,427,239$0$0$6,558,552
97$9,120,470$0$0$7,099,844
98$9,879,171$0$0$7,692,327
99$10,709,854$0$0$8,341,094
100$11,619,691$0$0$9,051,756