Can I retire at age 60 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$71,596$70,958$70,336$69,729$69,136$66,577
2 years$35,444$34,783$34,144$33,523$32,922$30,373
3 years$23,394$22,731$22,093$21,479$20,887$18,428
4 years$17,371$16,710$16,078$15,474$14,897$12,546
5 years$13,758$13,101$12,477$11,886$11,324$9,089
6 years$11,350$10,698$10,084$9,505$8,961$6,841
7 years$9,631$8,984$8,379$7,815$7,287$5,284
8 years$8,342$7,701$7,106$6,556$6,046$4,156
9 years$7,340$6,705$6,121$5,584$5,091$3,313
10 years$6,539$5,910$5,336$4,813$4,338$2,668
11 years$5,884$5,261$4,698$4,189$3,731$2,165
12 years$5,338$4,722$4,169$3,674$3,233$1,768
13 years$4,877$4,268$3,725$3,244$2,819$1,451
14 years$4,482$3,879$3,347$2,880$2,471$1,196
15 years$4,140$3,544$3,022$2,568$2,176$988
16 years$3,841$3,251$2,740$2,299$1,923$819
17 years$3,578$2,994$2,493$2,066$1,705$680
18 years$3,344$2,767$2,276$1,862$1,516$566
19 years$3,135$2,564$2,083$1,682$1,351$471
20 years$2,947$2,383$1,912$1,524$1,207$393
21 years$2,777$2,220$1,759$1,383$1,080$328
22 years$2,623$2,072$1,621$1,257$968$274
23 years$2,482$1,938$1,497$1,145$869$229
24 years$2,353$1,816$1,384$1,044$781$192
25 years$2,235$1,704$1,282$954$703$160
26 years$2,126$1,601$1,189$872$633$134
27 years$2,026$1,507$1,104$798$571$112
28 years$1,932$1,420$1,026$731$515$94
29 years$1,846$1,340$955$671$465$79
30 years$1,765$1,265$890$616$420$66
31 years$1,689$1,196$829$565$380$55
32 years$1,619$1,132$774$520$344$46
33 years$1,553$1,072$723$478$311$39
34 years$1,491$1,016$675$440$282$33
35 years$1,432$963$631$405$255$27
36 years$1,377$914$590$373$231$23
37 years$1,325$868$553$343$209$19
38 years$1,276$825$518$316$190$16
39 years$1,229$785$485$292$172$14
40 years$1,185$747$454$269$156$11
41 years$1,144$711$426$248$142$10
42 years$1,104$677$400$229$129$8
43 years$1,066$645$375$212$117$7
44 years$1,030$615$352$195$106$6
45 years$996$586$331$180$96$5
46 years$963$559$311$167$87$4
47 years$932$534$292$154$79$3
48 years$902$510$274$142$72$3
49 years$874$487$258$131$65$2
50 years$846$465$242$122$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $867,000, adding $3,062 every year, while hoping to spend $50,927 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: 54/24/22 Blend
59$867,000$867,000$867,000$867,000
60$958,592$912,641$899,203$1,004,423
61$1,002,183$903,175$875,140$1,026,764
62$1,048,513$891,538$848,565$1,045,489
63$1,097,808$877,570$819,338$1,064,792
64$1,150,315$861,101$787,317$1,084,745
65$1,206,304$841,952$752,349$1,105,431
66$1,266,072$819,933$714,277$1,126,941
67$1,329,943$794,841$672,938$1,149,381
68$1,398,273$766,464$628,157$1,172,869
69$1,471,452$734,576$579,755$1,197,541
70$1,549,907$698,938$527,544$1,223,547
71$1,634,109$659,297$471,328$1,251,060
72$1,724,572$615,386$410,902$1,280,271
73$1,821,861$566,923$346,050$1,311,397
74$1,926,597$513,609$276,549$1,344,683
75$2,039,462$455,127$202,165$1,380,400
76$2,161,204$391,146$122,655$1,418,855
77$2,292,646$321,311$37,763$1,460,392
78$2,434,692$245,251$0$1,505,394
79$2,588,334$162,572$0$1,566,691
80$2,754,665$72,859$0$1,642,629
81$2,934,885$0$0$1,724,935
82$3,130,313$0$0$1,820,704
83$3,342,402$0$0$1,945,588
84$3,572,746$0$0$2,081,293
85$3,823,102$0$0$2,228,865
86$4,095,402$0$0$2,389,450
87$4,391,770$0$0$2,564,312
88$4,714,544$0$0$2,754,841
89$5,066,298$0$0$2,962,566
90$5,449,864$0$0$3,189,171
91$5,868,357$0$0$3,436,509
92$6,325,209$0$0$3,706,620
93$6,824,196$0$0$4,001,749
94$7,369,474$0$0$4,324,369
95$7,965,621$0$0$4,677,201
96$8,617,676$0$0$5,063,242
97$9,331,186$0$0$5,485,791
98$10,112,261$0$0$5,948,482
99$10,967,629$0$0$6,455,317
100$11,904,698$0$0$7,010,702