Can I retire at age 60 with 866,000?

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 $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%14.9%
1 years$71,513$70,876$70,255$69,648$69,056$67,662
2 years$35,403$34,743$34,104$33,485$32,884$31,485
3 years$23,367$22,705$22,068$21,454$20,863$19,504
4 years$17,351$16,691$16,060$15,456$14,880$13,570
5 years$13,742$13,086$12,463$11,872$11,311$10,055
6 years$11,337$10,685$10,072$9,494$8,950$7,749
7 years$9,619$8,974$8,370$7,806$7,279$6,133
8 years$8,332$7,692$7,098$6,548$6,039$4,947
9 years$7,331$6,697$6,114$5,577$5,085$4,048
10 years$6,531$5,903$5,330$4,808$4,333$3,349
11 years$5,877$5,255$4,693$4,184$3,726$2,794
12 years$5,332$4,717$4,165$3,670$3,229$2,347
13 years$4,871$4,263$3,721$3,240$2,816$1,983
14 years$4,477$3,875$3,343$2,876$2,468$1,683
15 years$4,135$3,540$3,018$2,565$2,173$1,434
16 years$3,837$3,248$2,737$2,297$1,921$1,225
17 years$3,574$2,991$2,490$2,064$1,703$1,050
18 years$3,340$2,764$2,273$1,860$1,514$901
19 years$3,131$2,561$2,081$1,680$1,350$776
20 years$2,943$2,380$1,910$1,522$1,206$668
21 years$2,774$2,217$1,757$1,381$1,079$577
22 years$2,620$2,070$1,619$1,256$967$498
23 years$2,479$1,936$1,495$1,144$868$431
24 years$2,351$1,814$1,383$1,043$780$373
25 years$2,233$1,702$1,281$953$702$323
26 years$2,124$1,599$1,188$871$632$280
27 years$2,023$1,505$1,103$797$570$243
28 years$1,930$1,418$1,025$731$515$211
29 years$1,843$1,338$954$670$465$183
30 years$1,763$1,264$889$615$420$159
31 years$1,687$1,195$828$565$380$138
32 years$1,617$1,130$773$519$343$120
33 years$1,551$1,070$722$477$311$104
34 years$1,489$1,015$674$439$281$90
35 years$1,430$962$630$404$255$79
36 years$1,375$913$590$372$231$68
37 years$1,323$867$552$343$209$59
38 years$1,274$824$517$316$190$52
39 years$1,228$784$484$291$172$45
40 years$1,184$746$454$269$156$39
41 years$1,142$710$426$248$142$34
42 years$1,103$676$399$229$128$30
43 years$1,065$644$375$211$117$26
44 years$1,029$614$352$195$106$22
45 years$995$586$330$180$96$19
46 years$962$559$310$166$87$17
47 years$931$533$291$154$79$15
48 years$901$509$274$142$72$13
49 years$873$486$257$131$65$11
50 years$846$464$242$121$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $866,000, adding $5,293 every year, while hoping to spend $48,348 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: 36/37/27 Blend
59$866,000$866,000$866,000$866,000
60$959,792$913,894$900,471$986,401
61$1,006,249$907,233$879,195$999,945
62$1,055,824$898,625$855,585$1,009,787
63$1,108,784$887,924$829,514$1,019,475
64$1,165,422$874,974$800,844$1,029,029
65$1,226,059$859,611$769,436$1,038,471
66$1,291,046$841,661$735,142$1,047,834
67$1,360,770$820,940$697,806$1,057,154
68$1,435,653$797,251$657,268$1,066,481
69$1,516,162$770,388$613,358$1,075,869
70$1,602,805$740,132$565,901$1,085,389
71$1,696,144$706,252$514,711$1,095,122
72$1,796,794$668,502$459,597$1,105,161
73$1,905,432$626,622$400,358$1,115,621
74$2,022,799$580,340$336,783$1,126,629
75$2,149,712$529,364$268,653$1,138,336
76$2,287,069$473,390$195,740$1,150,917
77$2,435,857$412,092$117,803$1,164,570
78$2,597,159$345,129$34,594$1,179,522
79$2,772,168$272,140$0$1,196,035
80$2,962,197$192,742$0$1,230,020
81$3,168,687$106,533$0$1,277,850
82$3,393,226$13,086$0$1,330,012
83$3,637,561$0$0$1,387,022
84$3,903,611$0$0$1,485,308
85$4,193,492$0$0$1,598,314
86$4,509,530$0$0$1,721,635
87$4,854,285$0$0$1,856,284
88$5,230,575$0$0$2,003,376
89$5,641,504$0$0$2,164,141
90$6,090,485$0$0$2,339,932
91$6,581,280$0$0$2,532,237
92$7,118,027$0$0$2,742,696
93$7,705,284$0$0$2,973,116
94$8,348,069$0$0$3,225,484
95$9,051,910$0$0$3,501,992
96$9,822,890$0$0$3,805,049
97$10,667,713$0$0$4,137,313
98$11,593,759$0$0$4,501,708
99$12,609,156$0$0$4,901,457
100$13,722,859$0$0$5,340,108