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%11.3%
1 years$71,761$71,122$70,498$69,890$69,295$68,916
2 years$35,525$34,864$34,223$33,601$32,998$32,615
3 years$23,448$22,784$22,144$21,528$20,935$20,561
4 years$17,411$16,749$16,115$15,510$14,931$14,568
5 years$13,790$13,131$12,506$11,913$11,350$11,000
6 years$11,376$10,722$10,107$9,527$8,981$8,644
7 years$9,653$9,005$8,399$7,833$7,304$6,980
8 years$8,361$7,719$7,123$6,571$6,059$5,748
9 years$7,357$6,721$6,135$5,597$5,103$4,804
10 years$6,554$5,924$5,349$4,824$4,348$4,062
11 years$5,897$5,274$4,709$4,199$3,739$3,466
12 years$5,350$4,733$4,179$3,683$3,240$2,980
13 years$4,888$4,278$3,734$3,251$2,826$2,577
14 years$4,492$3,888$3,355$2,886$2,477$2,240
15 years$4,150$3,552$3,029$2,574$2,181$1,956
16 years$3,850$3,259$2,746$2,305$1,928$1,713
17 years$3,586$3,001$2,499$2,071$1,709$1,506
18 years$3,351$2,773$2,281$1,866$1,520$1,327
19 years$3,142$2,570$2,088$1,686$1,355$1,172
20 years$2,953$2,388$1,916$1,527$1,210$1,037
21 years$2,783$2,225$1,763$1,386$1,083$919
22 years$2,629$2,077$1,625$1,260$970$816
23 years$2,488$1,942$1,500$1,148$871$726
24 years$2,359$1,820$1,387$1,047$783$646
25 years$2,240$1,708$1,285$956$705$575
26 years$2,131$1,605$1,192$874$635$513
27 years$2,030$1,511$1,107$800$572$458
28 years$1,937$1,423$1,029$733$516$409
29 years$1,850$1,343$957$672$466$366
30 years$1,769$1,268$892$617$421$327
31 years$1,693$1,199$831$567$381$292
32 years$1,623$1,134$776$521$345$262
33 years$1,556$1,074$724$479$312$234
34 years$1,494$1,018$677$441$282$210
35 years$1,435$966$633$406$256$188
36 years$1,380$917$592$374$232$169
37 years$1,328$871$554$344$210$151
38 years$1,279$827$519$317$190$136
39 years$1,232$787$486$292$173$122
40 years$1,188$748$456$270$157$109
41 years$1,146$712$427$249$142$98
42 years$1,106$679$401$230$129$88
43 years$1,069$646$376$212$117$79
44 years$1,032$616$353$196$106$71
45 years$998$588$331$181$96$63
46 years$965$561$311$167$88$57
47 years$934$535$292$154$79$51
48 years$904$511$275$143$72$46
49 years$876$488$258$132$66$41
50 years$848$466$243$122$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $869,000, adding $2,551 every year, while hoping to spend $35,202 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: 72/6/22 Blend
59$869,000$869,000$869,000$869,000
60$960,269$914,212$900,743$1,024,038
61$1,020,762$921,554$893,463$1,074,200
62$1,086,245$928,076$884,760$1,124,687
63$1,157,191$933,700$874,548$1,179,112
64$1,234,118$938,345$862,738$1,237,861
65$1,317,596$941,922$849,238$1,301,360
66$1,408,254$944,339$833,950$1,370,080
67$1,506,780$945,496$816,773$1,444,537
68$1,613,936$945,289$797,598$1,525,305
69$1,730,555$943,607$776,316$1,613,014
70$1,857,558$940,329$752,808$1,708,358
71$1,995,955$935,331$726,954$1,812,105
72$2,146,860$928,480$698,624$1,925,101
73$2,311,497$919,634$667,686$2,048,279
74$2,491,216$908,642$633,999$2,182,667
75$2,687,501$895,346$597,419$2,329,401
76$2,901,985$879,577$557,791$2,489,731
77$3,136,468$861,156$514,958$2,665,038
78$3,392,930$839,895$468,752$2,856,844
79$3,673,552$815,594$418,998$3,066,826
80$3,980,736$788,040$365,516$3,296,837
81$4,317,126$757,009$308,116$3,548,916
82$4,685,634$722,263$246,599$3,825,315
83$5,089,467$683,552$180,758$4,128,515
84$5,532,157$640,610$110,378$4,461,253
85$6,017,593$593,156$35,232$4,826,546
86$6,550,060$540,894$0$5,227,722
87$7,134,277$483,508$0$5,679,005
88$7,775,442$420,668$0$6,183,396
89$8,479,279$352,024$0$6,737,137
90$9,252,097$277,204$0$7,345,208
91$10,100,841$195,818$0$8,013,097
92$11,033,167$107,452$0$8,746,850
93$12,057,503$11,671$0$9,553,127
94$13,183,139$0$0$10,439,271
95$14,420,306$0$0$11,419,440
96$15,780,278$0$0$12,497,797
97$17,275,474$0$0$13,683,423
98$18,919,576$0$0$14,987,175
99$20,727,660$0$0$16,421,014
100$22,716,335$0$0$17,998,116