Can I retire at age 60 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$71,513$70,876$70,255$69,648$69,056$66,926
2 years$35,403$34,743$34,104$33,485$32,884$30,756
3 years$23,367$22,705$22,068$21,454$20,863$18,805
4 years$17,351$16,691$16,060$15,456$14,880$12,907
5 years$13,742$13,086$12,463$11,872$11,311$9,429
6 years$11,337$10,685$10,072$9,494$8,950$7,160
7 years$9,619$8,974$8,370$7,806$7,279$5,581
8 years$8,332$7,692$7,098$6,548$6,039$4,431
9 years$7,331$6,697$6,114$5,577$5,085$3,567
10 years$6,531$5,903$5,330$4,808$4,333$2,902
11 years$5,877$5,255$4,693$4,184$3,726$2,380
12 years$5,332$4,717$4,165$3,670$3,229$1,964
13 years$4,871$4,263$3,721$3,240$2,816$1,630
14 years$4,477$3,875$3,343$2,876$2,468$1,358
15 years$4,135$3,540$3,018$2,565$2,173$1,135
16 years$3,837$3,248$2,737$2,297$1,921$951
17 years$3,574$2,991$2,490$2,064$1,703$799
18 years$3,340$2,764$2,273$1,860$1,514$673
19 years$3,131$2,561$2,081$1,680$1,350$567
20 years$2,943$2,380$1,910$1,522$1,206$479
21 years$2,774$2,217$1,757$1,381$1,079$405
22 years$2,620$2,070$1,619$1,256$967$342
23 years$2,479$1,936$1,495$1,144$868$290
24 years$2,351$1,814$1,383$1,043$780$246
25 years$2,233$1,702$1,281$953$702$208
26 years$2,124$1,599$1,188$871$632$177
27 years$2,023$1,505$1,103$797$570$150
28 years$1,930$1,418$1,025$731$515$127
29 years$1,843$1,338$954$670$465$108
30 years$1,763$1,264$889$615$420$92
31 years$1,687$1,195$828$565$380$78
32 years$1,617$1,130$773$519$343$66
33 years$1,551$1,070$722$477$311$56
34 years$1,489$1,015$674$439$281$48
35 years$1,430$962$630$404$255$41
36 years$1,375$913$590$372$231$34
37 years$1,323$867$552$343$209$29
38 years$1,274$824$517$316$190$25
39 years$1,228$784$484$291$172$21
40 years$1,184$746$454$269$156$18
41 years$1,142$710$426$248$142$15
42 years$1,103$676$399$229$128$13
43 years$1,065$644$375$211$117$11
44 years$1,029$614$352$195$106$9
45 years$995$586$330$180$96$8
46 years$962$559$310$166$87$7
47 years$931$533$291$154$79$6
48 years$901$509$274$142$72$5
49 years$873$486$257$131$65$4
50 years$846$464$242$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $866,000, adding $4,227 every year, while hoping to spend $50,430 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: 62/26/12 Blend
59$866,000$866,000$866,000$866,000
60$958,692$912,794$899,371$1,015,163
61$1,002,822$903,864$875,843$1,044,602
62$1,049,762$892,806$849,836$1,070,568
63$1,099,747$879,463$821,215$1,097,670
64$1,153,032$863,667$789,837$1,126,021
65$1,209,897$845,243$755,552$1,155,745
66$1,270,649$824,002$718,206$1,186,981
67$1,335,624$799,747$677,634$1,219,885
68$1,405,191$772,267$633,668$1,254,631
69$1,479,753$741,341$586,128$1,291,413
70$1,559,754$706,734$534,830$1,330,445
71$1,645,682$668,196$479,579$1,371,970
72$1,738,068$625,465$420,173$1,416,255
73$1,837,502$578,263$356,399$1,463,598
74$1,944,624$526,295$288,036$1,514,333
75$2,060,144$469,252$214,853$1,568,830
76$2,184,838$406,805$136,610$1,627,498
77$2,319,559$338,606$53,054$1,690,797
78$2,465,246$264,289$0$1,759,235
79$2,622,929$183,467$0$1,838,001
80$2,793,742$95,731$0$1,930,648
81$2,978,931$649$0$2,031,110
82$3,179,866$0$0$2,140,198
83$3,398,055$0$0$2,288,061
84$3,635,155$0$0$2,448,998
85$3,892,990$0$0$2,624,068
86$4,173,567$0$0$2,814,642
87$4,479,092$0$0$3,022,227
88$4,811,995$0$0$3,248,480
89$5,174,949$0$0$3,495,228
90$5,570,897$0$0$3,764,480
91$6,003,076$0$0$4,058,446
92$6,475,053$0$0$4,379,562
93$6,990,750$0$0$4,730,506
94$7,554,489$0$0$5,114,231
95$8,171,025$0$0$5,533,983
96$8,845,596$0$0$5,993,341
97$9,583,969$0$0$6,496,241
98$10,392,494$0$0$7,047,023
99$11,278,164$0$0$7,650,461
100$12,248,680$0$0$8,311,817