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%19.8%
1 years$71,431$70,795$70,174$69,568$68,976$66,266
2 years$35,362$34,703$34,065$33,446$32,846$30,148
3 years$23,340$22,679$22,042$21,429$20,839$18,239
4 years$17,331$16,671$16,041$15,439$14,862$12,380
5 years$13,726$13,071$12,449$11,858$11,298$8,940
6 years$11,324$10,673$10,060$9,483$8,940$6,707
7 years$9,608$8,963$8,360$7,797$7,270$5,162
8 years$8,322$7,683$7,090$6,540$6,032$4,046
9 years$7,323$6,690$6,107$5,571$5,079$3,214
10 years$6,524$5,897$5,324$4,802$4,328$2,578
11 years$5,870$5,249$4,687$4,179$3,722$2,084
12 years$5,326$4,712$4,160$3,666$3,226$1,695
13 years$4,866$4,258$3,716$3,236$2,813$1,386
14 years$4,472$3,870$3,339$2,873$2,466$1,137
15 years$4,131$3,536$3,015$2,562$2,171$935
16 years$3,832$3,244$2,733$2,294$1,919$772
17 years$3,569$2,987$2,487$2,061$1,701$638
18 years$3,336$2,761$2,271$1,858$1,513$528
19 years$3,127$2,558$2,079$1,679$1,348$438
20 years$2,940$2,377$1,908$1,520$1,204$364
21 years$2,770$2,214$1,755$1,380$1,078$302
22 years$2,617$2,067$1,617$1,254$966$251
23 years$2,476$1,933$1,493$1,142$867$209
24 years$2,348$1,811$1,381$1,042$779$174
25 years$2,230$1,700$1,279$952$701$145
26 years$2,121$1,598$1,186$870$632$121
27 years$2,021$1,504$1,102$796$570$101
28 years$1,928$1,417$1,024$730$514$84
29 years$1,841$1,337$953$669$464$70
30 years$1,761$1,262$888$614$419$58
31 years$1,686$1,193$828$564$379$49
32 years$1,615$1,129$772$518$343$41
33 years$1,549$1,069$721$477$310$34
34 years$1,487$1,013$674$439$281$28
35 years$1,429$961$630$404$255$24
36 years$1,374$912$589$372$231$20
37 years$1,322$866$551$343$209$16
38 years$1,273$823$516$316$189$14
39 years$1,227$783$484$291$172$11
40 years$1,183$745$453$269$156$10
41 years$1,141$709$425$248$141$8
42 years$1,101$675$399$229$128$7
43 years$1,064$644$374$211$116$6
44 years$1,028$613$351$195$106$5
45 years$994$585$330$180$96$4
46 years$961$558$310$166$87$3
47 years$930$533$291$154$79$3
48 years$900$508$274$142$72$2
49 years$872$485$257$131$65$2
50 years$845$464$242$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $865,000, adding $6,301 every year, while hoping to spend $53,020 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: 49/23/28 Blend
59$865,000$865,000$865,000$865,000
60$959,729$913,884$900,477$998,849
61$1,001,209$902,252$874,230$1,015,288
62$1,045,142$888,272$845,327$1,027,400
63$1,091,724$871,775$813,623$1,039,528
64$1,141,166$852,578$778,965$1,051,699
65$1,193,702$830,491$741,197$1,063,946
66$1,249,584$805,309$700,151$1,076,310
67$1,309,090$776,819$655,656$1,088,839
68$1,372,527$744,792$607,529$1,101,590
69$1,440,225$708,988$555,582$1,114,631
70$1,512,552$669,152$499,618$1,128,041
71$1,589,907$625,015$439,430$1,141,910
72$1,672,728$576,292$374,802$1,156,346
73$1,761,499$522,682$305,510$1,171,471
74$1,856,745$463,867$231,318$1,187,424
75$1,959,047$399,510$151,981$1,204,367
76$2,069,041$329,257$67,243$1,222,484
77$2,187,425$252,732$0$1,241,984
78$2,314,965$169,539$0$1,270,032
79$2,452,503$79,258$0$1,321,859
80$2,600,965$0$0$1,377,747
81$2,761,366$0$0$1,442,828
82$2,934,824$0$0$1,534,972
83$3,122,567$0$0$1,634,781
84$3,325,943$0$0$1,742,983
85$3,546,438$0$0$1,860,377
86$3,785,682$0$0$1,987,844
87$4,045,471$0$0$2,126,349
88$4,327,778$0$0$2,276,959
89$4,634,775$0$0$2,440,842
90$4,968,851$0$0$2,619,289
91$5,332,634$0$0$2,813,715
92$5,729,018$0$0$3,025,681
93$6,161,185$0$0$3,256,905
94$6,632,639$0$0$3,509,276
95$7,147,237$0$0$3,784,873
96$7,709,222$0$0$4,085,987
97$8,323,269$0$0$4,415,140
98$8,994,521$0$0$4,775,106
99$9,728,642$0$0$5,168,942
100$10,531,870$0$0$5,600,012