Can I retire at age 60 with 863,000?

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 $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%13.7%
1 years$71,266$70,631$70,012$69,407$68,817$67,760
2 years$35,280$34,623$33,986$33,369$32,770$31,708
3 years$23,286$22,627$21,991$21,380$20,791$19,757
4 years$17,291$16,633$16,004$15,403$14,828$13,830
5 years$13,694$13,040$12,420$11,831$11,272$10,312
6 years$11,297$10,648$10,037$9,461$8,919$7,999
7 years$9,586$8,943$8,341$7,779$7,254$6,373
8 years$8,303$7,665$7,074$6,525$6,018$5,177
9 years$7,306$6,674$6,093$5,558$5,068$4,267
10 years$6,508$5,883$5,312$4,791$4,318$3,556
11 years$5,856$5,237$4,676$4,170$3,714$2,989
12 years$5,314$4,701$4,150$3,657$3,218$2,531
13 years$4,855$4,248$3,708$3,229$2,806$2,155
14 years$4,461$3,861$3,331$2,866$2,460$1,844
15 years$4,121$3,527$3,008$2,556$2,166$1,584
16 years$3,823$3,236$2,727$2,289$1,914$1,365
17 years$3,561$2,981$2,482$2,056$1,697$1,180
18 years$3,328$2,754$2,265$1,853$1,509$1,022
19 years$3,120$2,553$2,074$1,675$1,345$887
20 years$2,933$2,372$1,903$1,517$1,202$771
21 years$2,764$2,209$1,751$1,376$1,075$672
22 years$2,611$2,062$1,613$1,252$964$586
23 years$2,471$1,929$1,490$1,140$865$511
24 years$2,343$1,807$1,378$1,040$778$447
25 years$2,225$1,696$1,276$949$700$390
26 years$2,117$1,594$1,184$868$630$342
27 years$2,016$1,500$1,099$795$568$299
28 years$1,923$1,414$1,022$728$513$262
29 years$1,837$1,334$951$668$463$230
30 years$1,757$1,259$886$613$418$201
31 years$1,682$1,191$826$563$378$177
32 years$1,611$1,126$770$517$342$155
33 years$1,546$1,067$719$476$310$136
34 years$1,484$1,011$672$438$280$120
35 years$1,425$959$628$403$254$105
36 years$1,371$910$588$371$230$92
37 years$1,319$864$550$342$209$81
38 years$1,270$822$515$315$189$71
39 years$1,224$781$483$290$171$63
40 years$1,180$743$452$268$155$55
41 years$1,138$708$424$247$141$48
42 years$1,099$674$398$228$128$42
43 years$1,061$642$373$211$116$37
44 years$1,025$612$350$194$105$33
45 years$991$584$329$180$96$29
46 years$959$557$309$166$87$25
47 years$928$531$290$153$79$22
48 years$898$507$273$142$72$20
49 years$870$484$256$131$65$17
50 years$843$463$241$121$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $863,000, adding $4,470 every year, while hoping to spend $57,601 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: 56/24/20 Blend
59$863,000$863,000$863,000$863,000
60$955,637$909,898$896,521$1,003,781
61$991,825$893,196$865,268$1,020,429
62$1,029,773$873,745$831,037$1,032,021
63$1,069,601$851,349$793,667$1,043,388
64$1,111,438$825,803$752,992$1,054,522
65$1,155,422$796,885$708,836$1,065,418
66$1,201,708$764,365$661,015$1,076,076
67$1,250,461$727,997$609,337$1,086,494
68$1,301,861$687,522$553,603$1,096,680
69$1,356,105$642,665$493,603$1,106,641
70$1,413,408$593,136$429,118$1,116,392
71$1,474,003$538,627$359,922$1,125,954
72$1,538,147$478,816$285,775$1,135,353
73$1,606,118$413,358$206,428$1,144,624
74$1,678,221$341,891$121,623$1,153,810
75$1,754,790$264,034$31,087$1,162,965
76$1,836,188$179,381$0$1,172,154
77$1,922,815$87,506$0$1,195,439
78$2,015,106$0$0$1,226,916
79$2,113,541$0$0$1,263,300
80$2,218,642$0$0$1,326,868
81$2,330,983$0$0$1,394,863
82$2,451,194$0$0$1,467,673
83$2,579,963$0$0$1,545,721
84$2,718,047$0$0$1,629,473
85$2,866,275$0$0$1,719,440
86$3,025,560$0$0$1,816,181
87$3,196,899$0$0$1,920,313
88$3,381,391$0$0$2,032,511
89$3,580,241$0$0$2,153,518
90$3,794,773$0$0$2,284,149
91$4,026,442$0$0$2,425,299
92$4,276,846$0$0$2,577,954
93$4,547,742$0$0$2,743,196
94$4,841,061$0$0$2,922,215
95$5,158,926$0$0$3,116,319
96$5,503,672$0$0$3,326,947
97$5,877,866$0$0$3,555,681
98$6,284,332$0$0$3,804,262
99$6,726,175$0$0$4,074,603
100$7,206,813$0$0$4,368,812