Can I retire at age 60 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$71,679$71,040$70,417$69,809$69,216$68,041
2 years$35,484$34,824$34,183$33,562$32,960$31,780
3 years$23,421$22,758$22,119$21,504$20,911$19,763
4 years$17,391$16,729$16,097$15,492$14,914$13,806
5 years$13,774$13,116$12,492$11,899$11,337$10,273
6 years$11,363$10,710$10,095$9,516$8,971$7,951
7 years$9,642$8,994$8,389$7,824$7,296$6,321
8 years$8,351$7,710$7,115$6,563$6,052$5,123
9 years$7,348$6,713$6,128$5,590$5,097$4,212
10 years$6,546$5,917$5,342$4,819$4,343$3,502
11 years$5,890$5,268$4,703$4,194$3,735$2,936
12 years$5,344$4,728$4,174$3,679$3,237$2,480
13 years$4,883$4,273$3,729$3,248$2,823$2,106
14 years$4,487$3,884$3,351$2,883$2,474$1,797
15 years$4,145$3,548$3,025$2,571$2,178$1,539
16 years$3,846$3,255$2,743$2,302$1,925$1,323
17 years$3,582$2,998$2,496$2,068$1,707$1,140
18 years$3,348$2,770$2,278$1,864$1,518$985
19 years$3,138$2,567$2,086$1,684$1,353$852
20 years$2,950$2,386$1,914$1,525$1,208$739
21 years$2,780$2,222$1,761$1,384$1,081$641
22 years$2,626$2,074$1,623$1,259$969$557
23 years$2,485$1,940$1,498$1,146$870$485
24 years$2,356$1,818$1,386$1,046$782$423
25 years$2,238$1,706$1,283$955$704$368
26 years$2,129$1,603$1,190$873$634$321
27 years$2,028$1,509$1,105$799$572$280
28 years$1,935$1,422$1,028$732$516$245
29 years$1,848$1,341$956$671$466$214
30 years$1,767$1,267$891$616$421$187
31 years$1,691$1,197$830$566$380$163
32 years$1,621$1,133$775$520$344$143
33 years$1,554$1,073$723$478$311$125
34 years$1,492$1,017$676$440$282$109
35 years$1,434$965$632$405$255$96
36 years$1,379$915$591$373$231$84
37 years$1,327$870$553$344$210$73
38 years$1,277$826$518$317$190$64
39 years$1,231$786$485$292$172$56
40 years$1,187$748$455$269$156$49
41 years$1,145$712$427$249$142$43
42 years$1,105$678$400$229$129$38
43 years$1,067$646$376$212$117$33
44 years$1,031$616$353$196$106$29
45 years$997$587$331$181$96$25
46 years$964$560$311$167$87$22
47 years$933$534$292$154$79$20
48 years$903$510$274$142$72$17
49 years$875$487$258$132$65$15
50 years$847$465$243$122$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $868,000, adding $5,021 every year, while hoping to spend $47,135 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: 45/38/17 Blend
59$868,000$868,000$868,000$868,000
60$961,715$915,711$902,257$1,000,094
61$1,009,659$910,430$882,332$1,022,148
62$1,060,913$903,310$860,159$1,040,942
63$1,115,766$894,211$835,613$1,060,318
64$1,174,532$882,986$808,565$1,080,352
65$1,237,559$869,477$778,877$1,101,128
66$1,305,227$853,518$746,405$1,122,743
67$1,377,951$834,932$711,002$1,145,308
68$1,456,191$813,533$672,509$1,168,947
69$1,540,449$789,122$630,764$1,193,803
70$1,631,276$761,490$585,596$1,220,036
71$1,729,279$730,416$536,826$1,247,827
72$1,835,124$695,665$484,268$1,277,380
73$1,949,543$656,989$427,728$1,308,926
74$2,073,341$614,126$367,001$1,342,723
75$2,207,402$566,798$301,876$1,379,062
76$2,352,699$514,713$232,131$1,418,270
77$2,510,300$457,560$157,533$1,460,712
78$2,681,382$395,012$77,842$1,506,800
79$2,867,238$326,722$0$1,556,991
80$3,069,290$252,326$0$1,613,107
81$3,289,104$171,436$0$1,689,568
82$3,528,401$83,645$0$1,772,930
83$3,789,077$0$0$1,863,962
84$4,073,216$0$0$1,968,315
85$4,383,113$0$0$2,120,367
86$4,721,294$0$0$2,286,395
87$5,090,540$0$0$2,467,775
88$5,493,910$0$0$2,666,023
89$5,934,774$0$0$2,882,807
90$6,416,842$0$0$3,119,967
91$6,944,198$0$0$3,379,525
92$7,521,338$0$0$3,663,709
93$8,153,214$0$0$3,974,974
94$8,845,280$0$0$4,316,021
95$9,603,541$0$0$4,689,827
96$10,434,609$0$0$5,099,668
97$11,345,769$0$0$5,549,154
98$12,345,042$0$0$6,042,261
99$13,441,265$0$0$6,583,369
100$14,644,168$0$0$7,177,301