Can I retire at age 60 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$71,761$71,122$70,498$69,890$69,295$66,997
2 years$35,525$34,864$34,223$33,601$32,998$30,704
3 years$23,448$22,784$22,144$21,528$20,935$18,719
4 years$17,411$16,749$16,115$15,510$14,931$12,809
5 years$13,790$13,131$12,506$11,913$11,350$9,328
6 years$11,376$10,722$10,107$9,527$8,981$7,060
7 years$9,653$9,005$8,399$7,833$7,304$5,484
8 years$8,361$7,719$7,123$6,571$6,059$4,339
9 years$7,357$6,721$6,135$5,597$5,103$3,480
10 years$6,554$5,924$5,349$4,824$4,348$2,820
11 years$5,897$5,274$4,709$4,199$3,739$2,304
12 years$5,350$4,733$4,179$3,683$3,240$1,894
13 years$4,888$4,278$3,734$3,251$2,826$1,565
14 years$4,492$3,888$3,355$2,886$2,477$1,298
15 years$4,150$3,552$3,029$2,574$2,181$1,081
16 years$3,850$3,259$2,746$2,305$1,928$902
17 years$3,586$3,001$2,499$2,071$1,709$755
18 years$3,351$2,773$2,281$1,866$1,520$632
19 years$3,142$2,570$2,088$1,686$1,355$531
20 years$2,953$2,388$1,916$1,527$1,210$446
21 years$2,783$2,225$1,763$1,386$1,083$375
22 years$2,629$2,077$1,625$1,260$970$316
23 years$2,488$1,942$1,500$1,148$871$266
24 years$2,359$1,820$1,387$1,047$783$225
25 years$2,240$1,708$1,285$956$705$189
26 years$2,131$1,605$1,192$874$635$160
27 years$2,030$1,511$1,107$800$572$135
28 years$1,937$1,423$1,029$733$516$114
29 years$1,850$1,343$957$672$466$96
30 years$1,769$1,268$892$617$421$81
31 years$1,693$1,199$831$567$381$69
32 years$1,623$1,134$776$521$345$58
33 years$1,556$1,074$724$479$312$49
34 years$1,494$1,018$677$441$282$42
35 years$1,435$966$633$406$256$35
36 years$1,380$917$592$374$232$30
37 years$1,328$871$554$344$210$25
38 years$1,279$827$519$317$190$21
39 years$1,232$787$486$292$173$18
40 years$1,188$748$456$270$157$15
41 years$1,146$712$427$249$142$13
42 years$1,106$679$401$230$129$11
43 years$1,069$646$376$212$117$9
44 years$1,032$616$353$196$106$8
45 years$998$588$331$181$96$7
46 years$965$561$311$167$88$6
47 years$934$535$292$154$79$5
48 years$904$511$275$143$72$4
49 years$876$488$258$132$66$3
50 years$848$466$243$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $869,000, adding $2,850 every year, while hoping to spend $21,845 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: 48/26/26 Blend
59$869,000$869,000$869,000$869,000
60$960,578$914,521$901,051$999,448
61$1,035,314$936,089$907,994$1,048,572
62$1,116,941$957,983$914,436$1,099,503
63$1,206,138$980,194$920,340$1,154,383
64$1,303,655$1,002,714$925,662$1,213,592
65$1,410,315$1,025,534$930,359$1,277,554
66$1,527,026$1,048,643$934,384$1,346,732
67$1,654,786$1,072,030$937,689$1,421,639
68$1,794,695$1,095,681$940,223$1,502,839
69$1,947,966$1,119,581$941,932$1,590,955
70$2,115,932$1,143,714$942,761$1,686,673
71$2,300,063$1,168,062$942,649$1,790,749
72$2,501,976$1,192,604$941,535$1,904,018
73$2,723,455$1,217,319$939,353$2,027,399
74$2,966,463$1,242,183$936,037$2,161,905
75$3,233,161$1,267,169$931,514$2,308,654
76$3,525,933$1,292,250$925,708$2,468,879
77$3,847,402$1,317,393$918,543$2,643,937
78$4,200,457$1,342,566$909,935$2,835,327
79$4,588,284$1,367,732$899,798$3,044,699
80$5,014,390$1,392,852$888,042$3,273,874
81$5,482,639$1,417,883$874,572$3,524,859
82$5,997,287$1,442,779$859,290$3,799,867
83$6,563,026$1,467,490$842,092$4,101,338
84$7,185,021$1,491,964$822,868$4,431,960
85$7,868,966$1,516,143$801,507$4,794,699
86$8,621,132$1,539,965$777,889$5,192,824
87$9,448,429$1,563,365$751,890$5,629,939
88$10,358,471$1,586,272$723,380$6,110,017
89$11,359,645$1,608,609$692,224$6,637,437
90$12,461,195$1,630,297$658,279$7,217,029
91$13,673,302$1,651,247$621,397$7,854,116
92$15,007,188$1,671,367$581,423$8,554,565
93$16,475,216$1,690,559$538,195$9,324,847
94$18,091,007$1,708,715$491,544$10,172,091
95$19,869,572$1,725,724$441,292$11,104,160
96$21,827,448$1,741,465$387,256$12,129,719
97$23,982,860$1,755,809$329,241$13,258,322
98$26,355,888$1,768,620$267,047$14,500,498
99$28,968,659$1,779,752$200,463$15,867,856
100$31,845,552$1,789,050$129,269$17,373,190