Can I retire at age 60 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$71,348$70,713$70,093$69,488$68,897$67,450
2 years$35,321$34,663$34,026$33,407$32,808$31,358
3 years$23,313$22,653$22,017$21,404$20,815$19,406
4 years$17,311$16,652$16,023$15,421$14,845$13,488
5 years$13,710$13,055$12,434$11,845$11,285$9,984
6 years$11,311$10,661$10,049$9,472$8,930$7,686
7 years$9,597$8,953$8,350$7,788$7,262$6,076
8 years$8,313$7,674$7,082$6,533$6,025$4,896
9 years$7,314$6,682$6,100$5,565$5,074$4,001
10 years$6,516$5,890$5,318$4,797$4,323$3,306
11 years$5,863$5,243$4,682$4,175$3,718$2,755
12 years$5,320$4,706$4,155$3,662$3,222$2,311
13 years$4,860$4,253$3,712$3,233$2,810$1,950
14 years$4,467$3,866$3,335$2,870$2,463$1,653
15 years$4,126$3,531$3,011$2,559$2,168$1,406
16 years$3,828$3,240$2,730$2,291$1,916$1,200
17 years$3,565$2,984$2,484$2,059$1,699$1,027
18 years$3,332$2,757$2,268$1,855$1,511$880
19 years$3,124$2,555$2,076$1,677$1,347$756
20 years$2,936$2,375$1,905$1,518$1,203$651
21 years$2,767$2,212$1,753$1,378$1,076$561
22 years$2,614$2,065$1,615$1,253$965$484
23 years$2,474$1,931$1,491$1,141$866$418
24 years$2,345$1,809$1,379$1,041$779$361
25 years$2,228$1,698$1,278$951$701$312
26 years$2,119$1,596$1,185$869$631$270
27 years$2,019$1,502$1,100$795$569$234
28 years$1,926$1,415$1,023$729$513$202
29 years$1,839$1,335$952$668$464$175
30 years$1,759$1,261$887$613$419$152
31 years$1,684$1,192$827$563$379$132
32 years$1,613$1,128$771$518$343$114
33 years$1,547$1,068$720$476$310$99
34 years$1,485$1,012$673$438$281$86
35 years$1,427$960$629$403$254$75
36 years$1,372$911$588$371$230$65
37 years$1,320$865$551$342$209$56
38 years$1,271$823$516$315$189$49
39 years$1,225$782$483$291$172$42
40 years$1,181$744$453$268$156$37
41 years$1,140$708$425$247$141$32
42 years$1,100$675$398$228$128$28
43 years$1,062$643$374$211$116$24
44 years$1,027$613$351$195$106$21
45 years$992$584$329$180$96$18
46 years$960$557$309$166$87$16
47 years$929$532$291$153$79$14
48 years$899$508$273$142$72$12
49 years$871$485$257$131$65$10
50 years$844$463$241$121$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $864,000, adding $2,344 every year, while hoping to spend $32,318 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: 60/15/25 Blend
59$864,000$864,000$864,000$864,000
60$954,546$908,754$895,362$1,005,291
61$1,017,523$918,897$890,970$1,050,224
62$1,085,842$928,453$885,349$1,095,531
63$1,160,011$937,361$878,421$1,144,269
64$1,240,593$945,553$870,109$1,196,780
65$1,328,206$952,957$860,330$1,253,440
66$1,423,529$959,498$848,997$1,314,663
67$1,527,310$965,094$836,020$1,380,907
68$1,640,372$969,660$821,303$1,452,680
69$1,763,620$973,104$804,747$1,530,540
70$1,898,052$975,329$786,249$1,615,104
71$2,044,764$976,231$765,698$1,707,052
72$2,204,963$975,699$742,983$1,807,137
73$2,379,979$973,619$717,983$1,916,188
74$2,571,276$969,864$690,574$2,035,121
75$2,780,463$964,305$660,625$2,164,948
76$3,009,316$956,801$628,001$2,306,784
77$3,259,786$947,205$592,560$2,461,861
78$3,534,026$935,360$554,152$2,631,537
79$3,834,403$921,099$512,623$2,817,314
80$4,163,525$904,246$467,809$3,020,844
81$4,524,266$884,615$419,541$3,243,956
82$4,919,787$862,007$367,642$3,488,663
83$5,353,575$836,215$311,928$3,757,190
84$5,829,465$807,015$252,203$4,051,988
85$6,351,687$774,175$188,268$4,375,763
86$6,924,894$737,445$119,910$4,731,502
87$7,554,217$696,563$46,911$5,122,498
88$8,245,305$651,253$0$5,552,382
89$9,004,381$601,219$0$6,033,430
90$9,838,302$546,153$0$6,575,685
91$10,754,620$485,726$0$7,171,563
92$11,761,656$419,591$0$7,826,511
93$12,868,577$347,383$0$8,546,531
94$14,085,482$268,715$0$9,338,240
95$15,423,497$183,177$0$10,208,929
96$16,894,880$90,339$0$11,166,635
97$18,513,136$0$0$12,220,216
98$20,293,147$0$0$13,381,127
99$22,251,307$0$0$14,674,706
100$24,405,679$0$0$16,097,985