Can I retire at age 60 with 867,000?

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 $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%11.1%
1 years$71,596$70,958$70,336$69,729$69,136$68,816
2 years$35,444$34,783$34,144$33,523$32,922$32,599
3 years$23,394$22,731$22,093$21,479$20,887$20,571
4 years$17,371$16,710$16,078$15,474$14,897$14,590
5 years$13,758$13,101$12,477$11,886$11,324$11,028
6 years$11,350$10,698$10,084$9,505$8,961$8,675
7 years$9,631$8,984$8,379$7,815$7,287$7,012
8 years$8,342$7,701$7,106$6,556$6,046$5,782
9 years$7,340$6,705$6,121$5,584$5,091$4,838
10 years$6,539$5,910$5,336$4,813$4,338$4,095
11 years$5,884$5,261$4,698$4,189$3,731$3,499
12 years$5,338$4,722$4,169$3,674$3,233$3,011
13 years$4,877$4,268$3,725$3,244$2,819$2,608
14 years$4,482$3,879$3,347$2,880$2,471$2,270
15 years$4,140$3,544$3,022$2,568$2,176$1,984
16 years$3,841$3,251$2,740$2,299$1,923$1,741
17 years$3,578$2,994$2,493$2,066$1,705$1,532
18 years$3,344$2,767$2,276$1,862$1,516$1,352
19 years$3,135$2,564$2,083$1,682$1,351$1,196
20 years$2,947$2,383$1,912$1,524$1,207$1,060
21 years$2,777$2,220$1,759$1,383$1,080$941
22 years$2,623$2,072$1,621$1,257$968$836
23 years$2,482$1,938$1,497$1,145$869$745
24 years$2,353$1,816$1,384$1,044$781$664
25 years$2,235$1,704$1,282$954$703$592
26 years$2,126$1,601$1,189$872$633$529
27 years$2,026$1,507$1,104$798$571$473
28 years$1,932$1,420$1,026$731$515$423
29 years$1,846$1,340$955$671$465$379
30 years$1,765$1,265$890$616$420$339
31 years$1,689$1,196$829$565$380$304
32 years$1,619$1,132$774$520$344$273
33 years$1,553$1,072$723$478$311$244
34 years$1,491$1,016$675$440$282$219
35 years$1,432$963$631$405$255$197
36 years$1,377$914$590$373$231$177
37 years$1,325$868$553$343$209$159
38 years$1,276$825$518$316$190$143
39 years$1,229$785$485$292$172$128
40 years$1,185$747$454$269$156$115
41 years$1,144$711$426$248$142$103
42 years$1,104$677$400$229$129$93
43 years$1,066$645$375$212$117$84
44 years$1,030$615$352$195$106$75
45 years$996$586$331$180$96$68
46 years$963$559$311$167$87$61
47 years$932$534$292$154$79$55
48 years$902$510$274$142$72$49
49 years$874$487$258$131$65$44
50 years$846$465$242$122$59$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $867,000, adding $4,455 every year, while hoping to spend $45,689 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: 43/31/26 Blend
59$867,000$867,000$867,000$867,000
60$960,029$914,078$900,640$993,868
61$1,009,340$910,255$882,199$1,014,641
62$1,062,148$904,714$861,608$1,032,434
63$1,118,764$897,321$838,748$1,050,822
64$1,179,525$887,937$813,494$1,069,887
65$1,244,803$876,413$785,712$1,089,721
66$1,315,006$862,590$755,266$1,110,428
67$1,390,581$846,301$722,013$1,132,129
68$1,472,021$827,371$685,800$1,154,958
69$1,559,864$805,609$646,472$1,179,069
70$1,654,706$780,819$603,864$1,204,633
71$1,757,197$752,790$557,805$1,231,845
72$1,868,053$721,300$508,114$1,260,924
73$1,988,064$686,113$454,605$1,292,117
74$2,118,093$646,979$397,081$1,325,700
75$2,259,094$603,637$335,339$1,361,985
76$2,412,113$555,806$269,164$1,401,319
77$2,578,302$503,194$198,334$1,444,093
78$2,758,927$445,488$122,616$1,490,742
79$2,955,381$382,361$41,768$1,541,757
80$3,169,197$313,464$0$1,597,681
81$3,402,062$238,431$0$1,671,472
82$3,655,832$156,873$0$1,764,630
83$3,932,550$68,383$0$1,866,389
84$4,234,463$0$0$1,977,673
85$4,564,046$0$0$2,108,878
86$4,924,023$0$0$2,277,761
87$5,317,393$0$0$2,462,413
88$5,747,457$0$0$2,664,399
89$6,217,849$0$0$2,885,438
90$6,732,573$0$0$3,127,425
91$7,296,034$0$0$3,392,446
92$7,913,085$0$0$3,682,799
93$8,589,070$0$0$4,001,014
94$9,329,875$0$0$4,349,878
95$10,141,981$0$0$4,732,461
96$11,032,525$0$0$5,152,141
97$12,009,372$0$0$5,612,644
98$13,081,180$0$0$6,118,070
99$14,257,488$0$0$6,672,938
100$15,548,803$0$0$7,282,222