Can I retire at age 60 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$73,165$72,513$71,877$71,257$70,651$68,389
2 years$36,220$35,546$34,892$34,258$33,643$31,386
3 years$23,907$23,230$22,577$21,950$21,345$19,162
4 years$17,752$17,076$16,431$15,813$15,223$13,132
5 years$14,059$13,388$12,751$12,146$11,572$9,578
6 years$11,599$10,932$10,305$9,713$9,157$7,261
7 years$9,842$9,181$8,563$7,986$7,447$5,650
8 years$8,524$7,870$7,262$6,699$6,178$4,478
9 years$7,501$6,852$6,255$5,706$5,203$3,599
10 years$6,682$6,040$5,453$4,919$4,433$2,922
11 years$6,013$5,377$4,801$4,281$3,813$2,392
12 years$5,455$4,826$4,261$3,755$3,304$1,970
13 years$4,984$4,361$3,807$3,315$2,881$1,631
14 years$4,580$3,964$3,420$2,943$2,526$1,356
15 years$4,231$3,621$3,088$2,624$2,224$1,131
16 years$3,925$3,323$2,800$2,350$1,965$946
17 years$3,656$3,060$2,548$2,111$1,743$793
18 years$3,417$2,828$2,326$1,903$1,549$666
19 years$3,203$2,621$2,129$1,719$1,381$560
20 years$3,011$2,435$1,954$1,557$1,234$472
21 years$2,838$2,268$1,797$1,413$1,104$398
22 years$2,680$2,117$1,656$1,285$989$336
23 years$2,536$1,980$1,529$1,170$888$284
24 years$2,405$1,855$1,414$1,067$798$240
25 years$2,284$1,741$1,310$975$718$203
26 years$2,173$1,636$1,215$891$647$172
27 years$2,070$1,540$1,128$816$583$145
28 years$1,975$1,451$1,049$747$526$123
29 years$1,886$1,369$976$685$475$104
30 years$1,804$1,293$909$629$430$88
31 years$1,726$1,222$848$578$388$75
32 years$1,654$1,156$791$531$351$63
33 years$1,587$1,095$738$488$318$54
34 years$1,523$1,038$690$449$288$45
35 years$1,463$985$645$414$261$39
36 years$1,407$934$603$381$236$33
37 years$1,354$888$565$351$214$28
38 years$1,304$843$529$323$194$24
39 years$1,256$802$496$298$176$20
40 years$1,211$763$464$275$160$17
41 years$1,169$726$435$254$145$14
42 years$1,128$692$409$234$131$12
43 years$1,089$659$383$216$119$10
44 years$1,053$628$360$200$108$9
45 years$1,018$599$338$184$98$7
46 years$984$572$317$170$89$6
47 years$952$545$298$157$81$5
48 years$922$521$280$145$74$5
49 years$893$497$263$134$67$4
50 years$865$475$248$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $886,000, adding $5,116 every year, while hoping to spend $51,693 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: 25/50/25 Blend
59$886,000$886,000$886,000$886,000
60$981,649$934,691$920,958$998,334
61$1,026,776$925,490$896,809$1,003,220
62$1,074,774$914,106$870,119$1,003,677
63$1,125,881$900,376$840,747$1,003,072
64$1,180,356$884,131$808,548$1,001,347
65$1,238,487$865,188$773,369$998,448
66$1,300,586$843,355$735,050$994,319
67$1,366,996$818,429$693,425$988,905
68$1,438,093$790,196$648,317$982,150
69$1,514,289$758,426$599,547$974,004
70$1,596,036$722,879$546,922$964,413
71$1,683,832$683,300$490,243$953,331
72$1,778,220$639,419$429,304$940,712
73$1,879,799$590,950$363,886$926,515
74$1,989,225$537,594$293,763$910,705
75$2,107,220$479,030$218,697$893,252
76$2,234,575$414,921$138,443$874,134
77$2,372,162$344,913$52,741$853,338
78$2,520,938$268,628$0$830,860
79$2,681,953$185,671$0$817,038
80$2,856,363$95,620$0$817,251
81$3,045,441$0$0$817,533
82$3,250,583$0$0$819,106
83$3,473,326$0$0$878,064
84$3,715,362$0$0$942,261
85$3,978,549$0$0$1,012,208
86$4,264,934$0$0$1,088,465
87$4,576,769$0$0$1,171,650
88$4,916,531$0$0$1,262,443
89$5,286,945$0$0$1,361,592
90$5,691,013$0$0$1,469,921
91$6,132,037$0$0$1,588,338
92$6,613,653$0$0$1,717,840
93$7,139,862$0$0$1,859,528
94$7,715,070$0$0$2,014,612
95$8,344,129$0$0$2,184,424
96$9,032,378$0$0$2,370,434
97$9,785,698$0$0$2,574,257
98$10,610,566$0$0$2,797,674
99$11,514,112$0$0$3,042,647
100$12,504,190$0$0$3,311,334