Can I retire at age 60 with 870,000?

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 $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%18.8%
1 years$71,844$71,204$70,579$69,970$69,375$66,914
2 years$35,566$34,904$34,262$33,639$33,036$30,582
3 years$23,475$22,810$22,170$21,553$20,959$18,590
4 years$17,431$16,768$16,134$15,528$14,948$12,683
5 years$13,805$13,146$12,521$11,927$11,363$9,207
6 years$11,389$10,735$10,118$9,538$8,992$6,945
7 years$9,664$9,015$8,408$7,842$7,313$5,377
8 years$8,371$7,728$7,131$6,578$6,066$4,239
9 years$7,365$6,728$6,142$5,603$5,109$3,388
10 years$6,561$5,931$5,355$4,830$4,353$2,735
11 years$5,904$5,280$4,714$4,204$3,744$2,226
12 years$5,357$4,739$4,184$3,687$3,244$1,822
13 years$4,894$4,282$3,738$3,255$2,829$1,500
14 years$4,498$3,893$3,359$2,890$2,480$1,239
15 years$4,154$3,556$3,032$2,577$2,183$1,027
16 years$3,854$3,263$2,749$2,307$1,930$853
17 years$3,590$3,005$2,502$2,073$1,711$711
18 years$3,355$2,776$2,284$1,868$1,521$593
19 years$3,145$2,573$2,091$1,688$1,356$495
20 years$2,957$2,391$1,919$1,529$1,211$414
21 years$2,786$2,227$1,765$1,388$1,084$347
22 years$2,632$2,079$1,627$1,262$972$291
23 years$2,491$1,945$1,502$1,149$872$244
24 years$2,362$1,822$1,389$1,048$784$205
25 years$2,243$1,710$1,286$957$705$172
26 years$2,134$1,607$1,193$875$635$144
27 years$2,033$1,512$1,108$801$573$121
28 years$1,939$1,425$1,030$734$517$102
29 years$1,852$1,344$958$673$467$86
30 years$1,771$1,270$893$618$422$72
31 years$1,695$1,200$832$567$381$61
32 years$1,624$1,136$777$521$345$51
33 years$1,558$1,075$725$479$312$43
34 years$1,496$1,019$677$441$283$36
35 years$1,437$967$633$406$256$30
36 years$1,382$918$593$374$232$26
37 years$1,330$872$555$345$210$21
38 years$1,280$828$519$318$191$18
39 years$1,234$788$487$293$173$15
40 years$1,189$749$456$270$157$13
41 years$1,147$713$428$249$142$11
42 years$1,108$679$401$230$129$9
43 years$1,070$647$376$212$117$8
44 years$1,034$617$353$196$106$6
45 years$999$588$332$181$97$5
46 years$967$561$312$167$88$5
47 years$935$536$293$154$80$4
48 years$905$511$275$143$72$3
49 years$877$488$259$132$66$3
50 years$849$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $870,000, adding $4,561 every year, while hoping to spend $45,534 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: 53/39/8 Blend
59$870,000$870,000$870,000$870,000
60$963,445$917,335$903,850$1,012,374
61$1,013,268$913,836$885,681$1,042,572
62$1,066,648$908,640$865,377$1,070,060
63$1,123,898$901,616$842,819$1,098,878
64$1,185,363$892,623$817,882$1,129,160
65$1,251,424$881,515$790,434$1,161,056
66$1,322,494$868,134$760,339$1,194,734
67$1,399,032$852,316$727,454$1,230,382
68$1,481,539$833,885$691,629$1,268,208
69$1,570,565$812,655$652,707$1,308,445
70$1,666,715$788,428$610,526$1,351,352
71$1,770,656$760,996$564,915$1,397,219
72$1,883,118$730,140$515,694$1,446,368
73$2,004,904$695,625$462,678$1,499,157
74$2,136,898$657,205$405,672$1,555,986
75$2,280,072$614,618$344,472$1,617,299
76$2,435,493$567,588$278,866$1,683,588
77$2,604,337$515,824$208,632$1,755,404
78$2,787,897$459,017$133,538$1,833,354
79$2,987,595$396,840$53,343$1,918,118
80$3,204,994$328,950$0$2,010,447
81$3,441,817$254,982$0$2,113,928
82$3,699,958$174,552$0$2,231,774
83$3,981,503$87,254$0$2,360,478
84$4,288,746$0$0$2,501,206
85$4,624,213$0$0$2,658,398
86$4,990,685$0$0$2,871,104
87$5,391,224$0$0$3,103,664
88$5,829,199$0$0$3,358,046
89$6,308,323$0$0$3,636,417
90$6,832,680$0$0$3,941,160
91$7,406,770$0$0$4,274,903
92$8,035,548$0$0$4,640,537
93$8,724,469$0$0$5,041,248
94$9,479,544$0$0$5,480,545
95$10,307,389$0$0$5,962,289
96$11,215,293$0$0$6,490,738
97$12,211,286$0$0$7,070,578
98$13,304,208$0$0$7,706,972
99$14,503,801$0$0$8,405,606
100$15,820,793$0$0$9,172,746