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%13.3%
1 years$71,596$70,958$70,336$69,729$69,136$68,187
2 years$35,444$34,783$34,144$33,523$32,922$31,968
3 years$23,394$22,731$22,093$21,479$20,887$19,957
4 years$17,371$16,710$16,078$15,474$14,897$13,998
5 years$13,758$13,101$12,477$11,886$11,324$10,460
6 years$11,350$10,698$10,084$9,505$8,961$8,131
7 years$9,631$8,984$8,379$7,815$7,287$6,493
8 years$8,342$7,701$7,106$6,556$6,046$5,287
9 years$7,340$6,705$6,121$5,584$5,091$4,367
10 years$6,539$5,910$5,336$4,813$4,338$3,648
11 years$5,884$5,261$4,698$4,189$3,731$3,075
12 years$5,338$4,722$4,169$3,674$3,233$2,610
13 years$4,877$4,268$3,725$3,244$2,819$2,228
14 years$4,482$3,879$3,347$2,880$2,471$1,912
15 years$4,140$3,544$3,022$2,568$2,176$1,646
16 years$3,841$3,251$2,740$2,299$1,923$1,423
17 years$3,578$2,994$2,493$2,066$1,705$1,233
18 years$3,344$2,767$2,276$1,862$1,516$1,071
19 years$3,135$2,564$2,083$1,682$1,351$933
20 years$2,947$2,383$1,912$1,524$1,207$813
21 years$2,777$2,220$1,759$1,383$1,080$710
22 years$2,623$2,072$1,621$1,257$968$621
23 years$2,482$1,938$1,497$1,145$869$544
24 years$2,353$1,816$1,384$1,044$781$477
25 years$2,235$1,704$1,282$954$703$418
26 years$2,126$1,601$1,189$872$633$367
27 years$2,026$1,507$1,104$798$571$322
28 years$1,932$1,420$1,026$731$515$283
29 years$1,846$1,340$955$671$465$249
30 years$1,765$1,265$890$616$420$219
31 years$1,689$1,196$829$565$380$193
32 years$1,619$1,132$774$520$344$170
33 years$1,553$1,072$723$478$311$150
34 years$1,491$1,016$675$440$282$132
35 years$1,432$963$631$405$255$116
36 years$1,377$914$590$373$231$102
37 years$1,325$868$553$343$209$90
38 years$1,276$825$518$316$190$80
39 years$1,229$785$485$292$172$70
40 years$1,185$747$454$269$156$62
41 years$1,144$711$426$248$142$55
42 years$1,104$677$400$229$129$48
43 years$1,066$645$375$212$117$42
44 years$1,030$615$352$195$106$37
45 years$996$586$331$180$96$33
46 years$963$559$311$167$87$29
47 years$932$534$292$154$79$26
48 years$902$510$274$142$72$23
49 years$874$487$258$131$65$20
50 years$846$465$242$122$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $867,000, adding $3,885 every year, while hoping to spend $30,547 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: 53/34/13 Blend
59$867,000$867,000$867,000$867,000
60$959,441$913,490$900,052$1,006,802
61$1,024,803$925,750$897,702$1,051,775
62$1,095,807$937,586$894,249$1,097,080
63$1,172,998$948,946$889,625$1,145,674
64$1,256,972$959,773$883,756$1,197,875
65$1,348,389$970,008$876,568$1,254,037
66$1,447,971$979,584$867,979$1,314,547
67$1,556,515$988,435$857,907$1,379,837
68$1,674,897$996,486$846,265$1,450,379
69$1,804,082$1,003,659$832,960$1,526,697
70$1,945,132$1,009,872$817,898$1,609,369
71$2,099,216$1,015,036$800,978$1,699,033
72$2,267,620$1,019,056$782,094$1,796,393
73$2,451,761$1,021,834$761,138$1,902,226
74$2,653,199$1,023,262$737,995$2,017,389
75$2,873,651$1,023,229$712,544$2,142,830
76$3,115,009$1,021,613$684,660$2,279,594
77$3,379,356$1,018,287$654,212$2,428,833
78$3,668,984$1,013,117$621,062$2,591,822
79$3,986,420$1,005,959$585,067$2,769,965
80$4,334,445$996,661$546,077$2,964,812
81$4,716,123$985,062$503,935$3,178,074
82$5,134,828$970,991$458,477$3,411,640
83$5,594,278$954,267$409,534$3,667,593
84$6,098,566$934,698$356,925$3,948,232
85$6,652,202$912,080$300,464$4,256,093
86$7,260,154$886,199$239,956$4,593,975
87$7,927,893$856,827$175,199$4,964,965
88$8,661,450$823,723$105,979$5,372,471
89$9,467,463$786,631$32,075$5,820,251
90$10,353,250$745,281$0$6,312,449
91$11,326,871$699,389$0$6,860,131
92$12,397,205$648,653$0$7,467,021
93$13,574,036$592,752$0$8,134,264
94$14,868,141$531,351$0$8,868,036
95$16,291,396$464,091$0$9,675,145
96$17,856,884$390,598$0$10,563,097
97$19,579,020$310,471$0$11,540,171
98$21,473,688$223,292$0$12,615,491
99$23,558,386$128,615$0$13,799,122
100$25,852,396$25,972$0$15,102,155