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%19.3%
1 years$71,844$71,204$70,579$69,970$69,375$66,781
2 years$35,566$34,904$34,262$33,639$33,036$30,452
3 years$23,475$22,810$22,170$21,553$20,959$18,467
4 years$17,431$16,768$16,134$15,528$14,948$12,567
5 years$13,805$13,146$12,521$11,927$11,363$9,098
6 years$11,389$10,735$10,118$9,538$8,992$6,845
7 years$9,664$9,015$8,408$7,842$7,313$5,284
8 years$8,371$7,728$7,131$6,578$6,066$4,153
9 years$7,365$6,728$6,142$5,603$5,109$3,309
10 years$6,561$5,931$5,355$4,830$4,353$2,663
11 years$5,904$5,280$4,714$4,204$3,744$2,160
12 years$5,357$4,739$4,184$3,687$3,244$1,763
13 years$4,894$4,282$3,738$3,255$2,829$1,446
14 years$4,498$3,893$3,359$2,890$2,480$1,190
15 years$4,154$3,556$3,032$2,577$2,183$983
16 years$3,854$3,263$2,749$2,307$1,930$814
17 years$3,590$3,005$2,502$2,073$1,711$675
18 years$3,355$2,776$2,284$1,868$1,521$561
19 years$3,145$2,573$2,091$1,688$1,356$467
20 years$2,957$2,391$1,919$1,529$1,211$389
21 years$2,786$2,227$1,765$1,388$1,084$325
22 years$2,632$2,079$1,627$1,262$972$271
23 years$2,491$1,945$1,502$1,149$872$226
24 years$2,362$1,822$1,389$1,048$784$189
25 years$2,243$1,710$1,286$957$705$158
26 years$2,134$1,607$1,193$875$635$132
27 years$2,033$1,512$1,108$801$573$111
28 years$1,939$1,425$1,030$734$517$93
29 years$1,852$1,344$958$673$467$78
30 years$1,771$1,270$893$618$422$65
31 years$1,695$1,200$832$567$381$54
32 years$1,624$1,136$777$521$345$46
33 years$1,558$1,075$725$479$312$38
34 years$1,496$1,019$677$441$283$32
35 years$1,437$967$633$406$256$27
36 years$1,382$918$593$374$232$22
37 years$1,330$872$555$345$210$19
38 years$1,280$828$519$318$191$16
39 years$1,234$788$487$293$173$13
40 years$1,189$749$456$270$157$11
41 years$1,147$713$428$249$142$9
42 years$1,108$679$401$230$129$8
43 years$1,070$647$376$212$117$7
44 years$1,034$617$353$196$106$5
45 years$999$588$332$181$97$5
46 years$967$561$312$167$88$4
47 years$935$536$293$154$80$3
48 years$905$511$275$143$72$3
49 years$877$488$259$132$66$2
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 $4,672 every year, while hoping to spend $35,780 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: 45/39/16 Blend
59$870,000$870,000$870,000$870,000
60$963,559$917,449$903,964$1,002,307
61$1,023,773$924,335$896,177$1,036,714
62$1,088,929$930,358$886,930$1,070,045
63$1,159,493$935,440$876,137$1,105,419
64$1,235,980$939,495$863,706$1,143,042
65$1,318,952$942,432$849,542$1,183,140
66$1,409,030$944,156$833,546$1,225,965
67$1,506,895$944,564$815,614$1,271,796
68$1,613,298$943,547$795,637$1,320,944
69$1,729,064$940,991$773,501$1,373,751
70$1,855,102$936,772$749,086$1,430,598
71$1,992,410$930,761$722,268$1,491,907
72$2,142,088$922,821$692,916$1,558,145
73$2,305,346$912,805$660,894$1,629,831
74$2,483,517$900,558$626,060$1,707,538
75$2,678,067$885,916$588,264$1,791,902
76$2,890,610$868,706$547,351$1,883,626
77$3,122,922$848,743$503,157$1,983,489
78$3,376,961$825,832$455,514$2,092,354
79$3,654,880$799,767$404,242$2,211,175
80$3,959,051$770,328$349,157$2,341,008
81$4,292,086$737,286$290,066$2,483,023
82$4,656,860$700,394$226,764$2,638,511
83$5,056,541$659,395$159,042$2,808,903
84$5,494,617$614,014$86,679$2,995,780
85$5,974,930$563,963$9,445$3,200,892
86$6,501,710$508,934$0$3,426,170
87$7,079,618$448,605$0$3,686,212
88$7,713,786$382,635$0$3,973,452
89$8,409,869$310,661$0$4,288,931
90$9,174,095$232,302$0$4,635,582
91$10,013,324$147,157$0$5,016,642
92$10,935,114$54,798$0$5,435,684
93$11,947,790$0$0$5,896,652
94$13,060,524$0$0$6,423,309
95$14,283,420$0$0$7,028,061
96$15,627,608$0$0$7,692,909
97$17,105,353$0$0$8,423,932
98$18,730,166$0$0$9,227,831
99$20,516,931$0$0$10,111,983
100$22,482,050$0$0$11,084,521