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%18.3%
1 years$71,513$70,876$70,255$69,648$69,056$66,739
2 years$35,403$34,743$34,104$33,485$32,884$30,572
3 years$23,367$22,705$22,068$21,454$20,863$18,629
4 years$17,351$16,691$16,060$15,456$14,880$12,741
5 years$13,742$13,086$12,463$11,872$11,311$9,274
6 years$11,337$10,685$10,072$9,494$8,950$7,015
7 years$9,619$8,974$8,370$7,806$7,279$5,446
8 years$8,332$7,692$7,098$6,548$6,039$4,306
9 years$7,331$6,697$6,114$5,577$5,085$3,452
10 years$6,531$5,903$5,330$4,808$4,333$2,796
11 years$5,877$5,255$4,693$4,184$3,726$2,282
12 years$5,332$4,717$4,165$3,670$3,229$1,875
13 years$4,871$4,263$3,721$3,240$2,816$1,548
14 years$4,477$3,875$3,343$2,876$2,468$1,284
15 years$4,135$3,540$3,018$2,565$2,173$1,068
16 years$3,837$3,248$2,737$2,297$1,921$891
17 years$3,574$2,991$2,490$2,064$1,703$744
18 years$3,340$2,764$2,273$1,860$1,514$623
19 years$3,131$2,561$2,081$1,680$1,350$523
20 years$2,943$2,380$1,910$1,522$1,206$439
21 years$2,774$2,217$1,757$1,381$1,079$369
22 years$2,620$2,070$1,619$1,256$967$311
23 years$2,479$1,936$1,495$1,144$868$261
24 years$2,351$1,814$1,383$1,043$780$220
25 years$2,233$1,702$1,281$953$702$186
26 years$2,124$1,599$1,188$871$632$157
27 years$2,023$1,505$1,103$797$570$132
28 years$1,930$1,418$1,025$731$515$111
29 years$1,843$1,338$954$670$465$94
30 years$1,763$1,264$889$615$420$79
31 years$1,687$1,195$828$565$380$67
32 years$1,617$1,130$773$519$343$57
33 years$1,551$1,070$722$477$311$48
34 years$1,489$1,015$674$439$281$40
35 years$1,430$962$630$404$255$34
36 years$1,375$913$590$372$231$29
37 years$1,323$867$552$343$209$24
38 years$1,274$824$517$316$190$21
39 years$1,228$784$484$291$172$17
40 years$1,184$746$454$269$156$15
41 years$1,142$710$426$248$142$12
42 years$1,103$676$399$229$128$11
43 years$1,065$644$375$211$117$9
44 years$1,029$614$352$195$106$8
45 years$995$586$330$180$96$6
46 years$962$559$310$166$87$5
47 years$931$533$291$154$79$5
48 years$901$509$274$142$72$4
49 years$873$486$257$131$65$3
50 years$846$464$242$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $866,000, adding $6,965 every year, while hoping to spend $31,851 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: 51/39/10 Blend
59$866,000$866,000$866,000$866,000
60$961,516$915,618$902,195$1,007,687
61$1,025,702$926,594$898,530$1,050,931
62$1,095,367$937,041$893,674$1,093,936
63$1,171,036$946,898$887,554$1,139,946
64$1,253,288$956,102$880,093$1,189,252
65$1,342,758$964,586$871,211$1,242,176
66$1,440,146$972,277$860,823$1,299,073
67$1,546,220$979,098$848,840$1,360,334
68$1,661,829$984,968$835,170$1,426,392
69$1,787,903$989,799$819,716$1,497,726
70$1,925,468$993,498$802,376$1,574,864
71$2,075,654$995,968$783,043$1,658,389
72$2,239,703$997,102$761,608$1,748,945
73$2,418,984$996,791$737,952$1,847,244
74$2,615,002$994,916$711,956$1,954,072
75$2,829,417$991,352$683,491$2,070,296
76$3,064,054$985,964$652,424$2,196,875
77$3,320,924$978,613$618,617$2,334,866
78$3,602,241$969,149$581,924$2,485,438
79$3,910,445$957,411$542,193$2,649,881
80$4,248,219$943,234$499,266$2,829,620
81$4,618,522$926,437$452,976$3,026,225
82$5,024,611$906,832$403,150$3,241,433
83$5,470,074$884,219$349,608$3,477,159
84$5,958,861$858,386$292,160$3,735,519
85$6,495,327$829,108$230,609$4,018,847
86$7,084,264$796,149$164,749$4,329,718
87$7,730,956$759,257$94,364$4,670,977
88$8,441,219$718,166$19,231$5,045,762
89$9,221,463$672,595$0$5,457,535
90$10,078,747$622,248$0$5,916,620
91$11,020,851$566,809$0$6,423,345
92$12,056,342$505,948$0$6,980,335
93$13,194,661$439,311$0$7,592,751
94$14,446,209$366,530$0$8,266,287
95$15,822,445$287,212$0$9,007,223
96$17,335,991$200,943$0$9,822,485
97$19,000,759$107,286$0$10,719,710
98$20,832,073$5,779$0$11,707,324
99$22,846,818$0$0$12,794,616
100$25,063,598$0$0$14,036,491