Can I retire at age 60 with 870,000?

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 $870,000?

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$71,844$71,204$70,579$69,970$69,375$69,054
2 years$35,566$34,904$34,262$33,639$33,036$32,711
3 years$23,475$22,810$22,170$21,553$20,959$20,642
4 years$17,431$16,768$16,134$15,528$14,948$14,640
5 years$13,805$13,146$12,521$11,927$11,363$11,066
6 years$11,389$10,735$10,118$9,538$8,992$8,705
7 years$9,664$9,015$8,408$7,842$7,313$7,037
8 years$8,371$7,728$7,131$6,578$6,066$5,802
9 years$7,365$6,728$6,142$5,603$5,109$4,855
10 years$6,561$5,931$5,355$4,830$4,353$4,110
11 years$5,904$5,280$4,714$4,204$3,744$3,511
12 years$5,357$4,739$4,184$3,687$3,244$3,022
13 years$4,894$4,282$3,738$3,255$2,829$2,617
14 years$4,498$3,893$3,359$2,890$2,480$2,278
15 years$4,154$3,556$3,032$2,577$2,183$1,991
16 years$3,854$3,263$2,749$2,307$1,930$1,747
17 years$3,590$3,005$2,502$2,073$1,711$1,537
18 years$3,355$2,776$2,284$1,868$1,521$1,357
19 years$3,145$2,573$2,091$1,688$1,356$1,200
20 years$2,957$2,391$1,919$1,529$1,211$1,063
21 years$2,786$2,227$1,765$1,388$1,084$944
22 years$2,632$2,079$1,627$1,262$972$839
23 years$2,491$1,945$1,502$1,149$872$747
24 years$2,362$1,822$1,389$1,048$784$666
25 years$2,243$1,710$1,286$957$705$594
26 years$2,134$1,607$1,193$875$635$531
27 years$2,033$1,512$1,108$801$573$475
28 years$1,939$1,425$1,030$734$517$425
29 years$1,852$1,344$958$673$467$380
30 years$1,771$1,270$893$618$422$340
31 years$1,695$1,200$832$567$381$305
32 years$1,624$1,136$777$521$345$273
33 years$1,558$1,075$725$479$312$245
34 years$1,496$1,019$677$441$283$220
35 years$1,437$967$633$406$256$197
36 years$1,382$918$593$374$232$177
37 years$1,330$872$555$345$210$159
38 years$1,280$828$519$318$191$143
39 years$1,234$788$487$293$173$128
40 years$1,189$749$456$270$157$115
41 years$1,147$713$428$249$142$104
42 years$1,108$679$401$230$129$93
43 years$1,070$647$376$212$117$84
44 years$1,034$617$353$196$106$75
45 years$999$588$332$181$97$68
46 years$967$561$312$167$88$61
47 years$935$536$293$154$80$55
48 years$905$511$275$143$72$49
49 years$877$488$259$132$66$44
50 years$849$466$243$122$60$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $870,000, adding $3,847 every year, while hoping to spend $21,563 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: 36/45/19 Blend
59$870,000$870,000$870,000$870,000
60$962,708$916,598$903,113$991,687
61$1,037,962$938,569$910,425$1,035,101
62$1,120,168$960,893$917,258$1,079,641
63$1,210,014$983,566$923,575$1,127,277
64$1,308,256$1,006,580$929,335$1,178,296
65$1,415,725$1,029,930$934,495$1,233,018
66$1,533,337$1,053,605$939,009$1,291,793
67$1,662,102$1,077,596$942,831$1,355,008
68$1,803,131$1,101,893$945,910$1,423,087
69$1,957,647$1,126,482$948,194$1,496,501
70$2,126,997$1,151,350$949,629$1,575,766
71$2,312,665$1,176,480$950,156$1,661,453
72$2,516,286$1,201,857$949,715$1,754,191
73$2,739,660$1,227,461$948,244$1,854,671
74$2,984,770$1,253,271$945,674$1,963,658
75$3,253,799$1,279,264$941,937$2,081,994
76$3,549,153$1,305,414$936,958$2,210,606
77$3,873,483$1,331,696$930,663$2,350,519
78$4,229,707$1,358,078$922,969$2,502,861
79$4,621,042$1,384,529$913,793$2,668,875
80$5,051,030$1,411,012$903,047$2,849,934
81$5,523,574$1,437,491$890,638$3,047,549
82$6,042,974$1,463,923$876,469$3,263,387
83$6,613,966$1,490,264$860,440$3,499,288
84$7,241,770$1,516,466$842,443$3,757,279
85$7,932,134$1,542,477$822,370$4,039,593
86$8,691,395$1,568,241$800,102$4,348,695
87$9,526,531$1,593,699$775,519$4,687,303
88$10,445,232$1,618,785$748,494$5,058,410
89$11,455,971$1,643,431$718,894$5,465,321
90$12,568,083$1,667,562$686,580$5,911,676
91$13,791,854$1,691,099$651,407$6,401,490
92$15,138,617$1,713,957$613,223$6,939,190
93$16,620,860$1,736,045$571,870$7,529,654
94$18,252,342$1,757,265$527,182$8,178,265
95$20,048,224$1,777,514$478,985$8,890,953
96$22,025,212$1,796,681$427,100$9,674,257
97$24,201,712$1,814,647$371,336$10,535,389
98$26,598,008$1,831,286$311,498$11,482,295
99$29,236,449$1,846,464$247,378$12,523,740
100$32,141,664$1,860,037$178,761$13,669,383