Can I retire at age 60 with 866,000?

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 $866,000?

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$71,513$70,876$70,255$69,648$69,056$66,342
2 years$35,403$34,743$34,104$33,485$32,884$30,183
3 years$23,367$22,705$22,068$21,454$20,863$18,260
4 years$17,351$16,691$16,060$15,456$14,880$12,394
5 years$13,742$13,086$12,463$11,872$11,311$8,950
6 years$11,337$10,685$10,072$9,494$8,950$6,715
7 years$9,619$8,974$8,370$7,806$7,279$5,168
8 years$8,332$7,692$7,098$6,548$6,039$4,051
9 years$7,331$6,697$6,114$5,577$5,085$3,217
10 years$6,531$5,903$5,330$4,808$4,333$2,581
11 years$5,877$5,255$4,693$4,184$3,726$2,087
12 years$5,332$4,717$4,165$3,670$3,229$1,697
13 years$4,871$4,263$3,721$3,240$2,816$1,387
14 years$4,477$3,875$3,343$2,876$2,468$1,138
15 years$4,135$3,540$3,018$2,565$2,173$937
16 years$3,837$3,248$2,737$2,297$1,921$773
17 years$3,574$2,991$2,490$2,064$1,703$639
18 years$3,340$2,764$2,273$1,860$1,514$529
19 years$3,131$2,561$2,081$1,680$1,350$439
20 years$2,943$2,380$1,910$1,522$1,206$364
21 years$2,774$2,217$1,757$1,381$1,079$303
22 years$2,620$2,070$1,619$1,256$967$252
23 years$2,479$1,936$1,495$1,144$868$209
24 years$2,351$1,814$1,383$1,043$780$174
25 years$2,233$1,702$1,281$953$702$145
26 years$2,124$1,599$1,188$871$632$121
27 years$2,023$1,505$1,103$797$570$101
28 years$1,930$1,418$1,025$731$515$84
29 years$1,843$1,338$954$670$465$70
30 years$1,763$1,264$889$615$420$58
31 years$1,687$1,195$828$565$380$49
32 years$1,617$1,130$773$519$343$41
33 years$1,551$1,070$722$477$311$34
34 years$1,489$1,015$674$439$281$28
35 years$1,430$962$630$404$255$24
36 years$1,375$913$590$372$231$20
37 years$1,323$867$552$343$209$16
38 years$1,274$824$517$316$190$14
39 years$1,228$784$484$291$172$11
40 years$1,184$746$454$269$156$10
41 years$1,142$710$426$248$142$8
42 years$1,103$676$399$229$128$7
43 years$1,065$644$375$211$117$6
44 years$1,029$614$352$195$106$5
45 years$995$586$330$180$96$4
46 years$962$559$310$166$87$3
47 years$931$533$291$154$79$3
48 years$901$509$274$142$72$2
49 years$873$486$257$131$65$2
50 years$846$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 $866,000, adding $5,213 every year, while hoping to spend $41,637 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: 50/35/15 Blend
59$866,000$866,000$866,000$866,000
60$959,709$913,811$900,388$1,003,495
61$1,013,298$914,287$886,250$1,034,640
62$1,070,958$913,390$870,242$1,063,702
63$1,133,059$911,009$852,259$1,094,363
64$1,200,010$907,028$832,188$1,126,788
65$1,272,258$901,319$809,914$1,161,160
66$1,350,296$893,751$785,313$1,197,682
67$1,434,664$884,183$758,259$1,236,581
68$1,525,956$872,465$728,618$1,278,109
69$1,624,827$858,439$696,250$1,322,546
70$1,731,994$841,937$661,009$1,370,204
71$1,848,247$822,781$622,742$1,421,429
72$1,974,455$800,785$581,291$1,476,607
73$2,111,574$775,747$536,488$1,536,165
74$2,260,653$747,458$488,160$1,600,578
75$2,422,851$715,694$436,124$1,670,373
76$2,599,438$680,220$380,191$1,746,134
77$2,791,815$640,785$320,162$1,828,512
78$3,001,523$597,126$255,830$1,918,226
79$3,230,256$548,963$186,978$2,016,075
80$3,479,882$496,002$113,381$2,122,943
81$3,752,453$437,930$34,803$2,239,811
82$4,050,233$374,417$0$2,367,766
83$4,375,708$305,116$0$2,515,865
84$4,731,622$229,658$0$2,684,043
85$5,120,991$147,654$0$2,868,244
86$5,547,138$58,695$0$3,070,149
87$6,013,722$0$0$3,291,615
88$6,524,771$0$0$3,549,194
89$7,084,724$0$0$3,856,280
90$7,698,467$0$0$4,192,959
91$8,371,380$0$0$4,562,194
92$9,109,393$0$0$4,967,251
93$9,919,033$0$0$5,411,724
94$10,807,492$0$0$5,899,574
95$11,782,690$0$0$6,435,164
96$12,853,352$0$0$7,023,301
97$14,029,090$0$0$7,669,277
98$15,320,491$0$0$8,378,925
99$16,739,219$0$0$9,158,671
100$18,298,122$0$0$10,015,590