Can I retire at age 60 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$71,431$70,795$70,174$69,568$68,976$68,456
2 years$35,362$34,703$34,065$33,446$32,846$32,321
3 years$23,340$22,679$22,042$21,429$20,839$20,326
4 years$17,331$16,671$16,041$15,439$14,862$14,365
5 years$13,726$13,071$12,449$11,858$11,298$10,818
6 years$11,324$10,673$10,060$9,483$8,940$8,478
7 years$9,608$8,963$8,360$7,797$7,270$6,827
8 years$8,322$7,683$7,090$6,540$6,032$5,606
9 years$7,323$6,690$6,107$5,571$5,079$4,672
10 years$6,524$5,897$5,324$4,802$4,328$3,939
11 years$5,870$5,249$4,687$4,179$3,722$3,351
12 years$5,326$4,712$4,160$3,666$3,226$2,871
13 years$4,866$4,258$3,716$3,236$2,813$2,475
14 years$4,472$3,870$3,339$2,873$2,466$2,145
15 years$4,131$3,536$3,015$2,562$2,171$1,866
16 years$3,832$3,244$2,733$2,294$1,919$1,629
17 years$3,569$2,987$2,487$2,061$1,701$1,427
18 years$3,336$2,761$2,271$1,858$1,513$1,253
19 years$3,127$2,558$2,079$1,679$1,348$1,103
20 years$2,940$2,377$1,908$1,520$1,204$972
21 years$2,770$2,214$1,755$1,380$1,078$859
22 years$2,617$2,067$1,617$1,254$966$760
23 years$2,476$1,933$1,493$1,142$867$673
24 years$2,348$1,811$1,381$1,042$779$597
25 years$2,230$1,700$1,279$952$701$529
26 years$2,121$1,598$1,186$870$632$470
27 years$2,021$1,504$1,102$796$570$418
28 years$1,928$1,417$1,024$730$514$372
29 years$1,841$1,337$953$669$464$331
30 years$1,761$1,262$888$614$419$295
31 years$1,686$1,193$828$564$379$263
32 years$1,615$1,129$772$518$343$234
33 years$1,549$1,069$721$477$310$209
34 years$1,487$1,013$674$439$281$186
35 years$1,429$961$630$404$255$166
36 years$1,374$912$589$372$231$148
37 years$1,322$866$551$343$209$132
38 years$1,273$823$516$316$189$118
39 years$1,227$783$484$291$172$106
40 years$1,183$745$453$269$156$94
41 years$1,141$709$425$248$141$84
42 years$1,101$675$399$229$128$75
43 years$1,064$644$374$211$116$67
44 years$1,028$613$351$195$106$60
45 years$994$585$330$180$96$54
46 years$961$558$310$166$87$48
47 years$930$533$291$154$79$43
48 years$900$508$274$142$72$38
49 years$872$485$257$131$65$34
50 years$845$464$242$121$59$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $865,000, adding $3,997 every year, while hoping to spend $33,799 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: 37/37/26 Blend
59$865,000$865,000$865,000$865,000
60$957,353$911,508$898,100$985,197
61$1,019,041$920,210$892,225$1,014,737
62$1,085,889$928,206$885,020$1,043,234
63$1,158,386$935,424$876,405$1,073,356
64$1,237,073$941,792$866,296$1,105,273
65$1,322,543$947,228$854,605$1,139,171
66$1,415,448$951,648$841,240$1,175,259
67$1,516,507$954,962$826,105$1,213,770
68$1,626,509$957,073$809,098$1,254,960
69$1,746,324$957,881$790,114$1,299,116
70$1,876,908$957,277$769,042$1,346,558
71$2,019,315$955,145$745,767$1,397,638
72$2,174,702$951,364$720,167$1,452,749
73$2,344,345$945,805$692,116$1,512,327
74$2,529,649$938,329$661,482$1,576,855
75$2,732,158$928,792$628,127$1,646,871
76$2,953,574$917,039$591,905$1,722,970
77$3,195,771$902,907$552,666$1,805,810
78$3,460,811$886,221$510,252$1,896,125
79$3,750,966$866,798$464,498$1,994,723
80$4,068,737$844,444$415,232$2,102,504
81$4,416,879$818,952$362,273$2,220,463
82$4,798,425$790,105$305,433$2,349,701
83$5,216,716$757,672$244,517$2,491,438
84$5,675,432$721,408$179,318$2,647,025
85$6,178,624$681,056$109,624$2,817,956
86$6,730,758$636,341$35,210$3,005,887
87$7,336,750$586,976$0$3,212,646
88$8,002,015$532,655$0$3,452,521
89$8,732,521$473,055$0$3,726,711
90$9,534,838$407,836$0$4,027,983
91$10,416,208$336,635$0$4,359,149
92$11,384,604$259,074$0$4,723,313
93$12,448,815$174,750$0$5,123,901
94$13,618,519$83,237$0$5,564,693
95$14,904,380$0$0$6,049,864
96$16,318,147$0$0$6,590,498
97$17,872,765$0$0$7,222,391
98$19,582,493$0$0$7,917,467
99$21,463,046$0$0$8,682,130
100$23,531,733$0$0$9,523,436