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%19.6%
1 years$71,596$70,958$70,336$69,729$69,136$66,472
2 years$35,444$34,783$34,144$33,523$32,922$30,269
3 years$23,394$22,731$22,093$21,479$20,887$18,330
4 years$17,371$16,710$16,078$15,474$14,897$12,454
5 years$13,758$13,101$12,477$11,886$11,324$9,003
6 years$11,350$10,698$10,084$9,505$8,961$6,762
7 years$9,631$8,984$8,379$7,815$7,287$5,211
8 years$8,342$7,701$7,106$6,556$6,046$4,089
9 years$7,340$6,705$6,121$5,584$5,091$3,251
10 years$6,539$5,910$5,336$4,813$4,338$2,612
11 years$5,884$5,261$4,698$4,189$3,731$2,114
12 years$5,338$4,722$4,169$3,674$3,233$1,722
13 years$4,877$4,268$3,725$3,244$2,819$1,409
14 years$4,482$3,879$3,347$2,880$2,471$1,158
15 years$4,140$3,544$3,022$2,568$2,176$954
16 years$3,841$3,251$2,740$2,299$1,923$788
17 years$3,578$2,994$2,493$2,066$1,705$653
18 years$3,344$2,767$2,276$1,862$1,516$541
19 years$3,135$2,564$2,083$1,682$1,351$450
20 years$2,947$2,383$1,912$1,524$1,207$374
21 years$2,777$2,220$1,759$1,383$1,080$311
22 years$2,623$2,072$1,621$1,257$968$259
23 years$2,482$1,938$1,497$1,145$869$216
24 years$2,353$1,816$1,384$1,044$781$180
25 years$2,235$1,704$1,282$954$703$150
26 years$2,126$1,601$1,189$872$633$125
27 years$2,026$1,507$1,104$798$571$105
28 years$1,932$1,420$1,026$731$515$87
29 years$1,846$1,340$955$671$465$73
30 years$1,765$1,265$890$616$420$61
31 years$1,689$1,196$829$565$380$51
32 years$1,619$1,132$774$520$344$43
33 years$1,553$1,072$723$478$311$36
34 years$1,491$1,016$675$440$282$30
35 years$1,432$963$631$405$255$25
36 years$1,377$914$590$373$231$21
37 years$1,325$868$553$343$209$17
38 years$1,276$825$518$316$190$15
39 years$1,229$785$485$292$172$12
40 years$1,185$747$454$269$156$10
41 years$1,144$711$426$248$142$8
42 years$1,104$677$400$229$129$7
43 years$1,066$645$375$212$117$6
44 years$1,030$615$352$195$106$5
45 years$996$586$331$180$96$4
46 years$963$559$311$167$87$3
47 years$932$534$292$154$79$3
48 years$902$510$274$142$72$2
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 $4,042 every year, while hoping to spend $48,421 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: 80/6/14 Blend
59$867,000$867,000$867,000$867,000
60$959,603$913,652$900,214$1,033,371
61$1,005,963$906,902$878,851$1,075,696
62$1,055,429$898,197$855,151$1,115,472
63$1,108,266$887,393$828,982$1,157,737
64$1,164,767$874,332$800,209$1,202,716
65$1,225,248$858,850$768,692$1,250,661
66$1,290,062$840,772$734,282$1,301,849
67$1,359,592$819,913$696,824$1,356,582
68$1,434,259$796,078$656,156$1,415,199
69$1,514,526$769,058$612,110$1,478,068
70$1,600,900$738,634$564,508$1,545,599
71$1,693,939$704,574$513,166$1,618,241
72$1,794,255$666,632$457,891$1,696,491
73$1,902,520$624,549$398,482$1,780,897
74$2,019,474$578,049$334,728$1,872,062
75$2,145,928$526,841$266,409$1,970,653
76$2,282,776$470,619$193,297$2,077,404
77$2,430,998$409,058$115,151$2,193,126
78$2,591,673$341,815$31,721$2,318,711
79$2,765,987$268,527$0$2,455,145
80$2,955,245$188,813$0$2,612,077
81$3,160,882$102,266$0$2,787,757
82$3,384,476$8,462$0$2,978,806
83$3,627,764$0$0$3,186,727
84$3,892,657$0$0$3,419,318
85$4,181,257$0$0$3,673,355
86$4,495,878$0$0$3,950,321
87$4,839,066$0$0$4,252,458
88$5,213,625$0$0$4,582,239
89$5,622,639$0$0$4,942,382
90$6,069,506$0$0$5,335,882
91$6,557,964$0$0$5,766,034
92$7,092,129$0$0$6,236,467
93$7,676,535$0$0$6,751,177
94$8,316,172$0$0$7,314,562
95$9,016,536$0$0$7,931,468
96$9,783,679$0$0$8,607,230
97$10,624,265$0$0$9,347,722
98$11,545,634$0$0$10,159,414
99$12,555,870$0$0$11,049,433
100$13,663,877$0$0$12,025,627