Can I retire at age 60 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$71,926$71,286$70,661$70,051$69,455$67,997
2 years$35,607$34,944$34,301$33,678$33,074$31,612
3 years$23,502$22,836$22,195$21,578$20,983$19,563
4 years$17,451$16,787$16,152$15,546$14,965$13,598
5 years$13,821$13,161$12,535$11,941$11,377$10,065
6 years$11,402$10,747$10,130$9,549$9,002$7,748
7 years$9,675$9,025$8,418$7,851$7,321$6,125
8 years$8,380$7,736$7,139$6,586$6,073$4,935
9 years$7,374$6,736$6,149$5,610$5,115$4,034
10 years$6,569$5,937$5,361$4,836$4,358$3,333
11 years$5,911$5,286$4,720$4,208$3,748$2,777
12 years$5,363$4,744$4,189$3,691$3,248$2,330
13 years$4,900$4,287$3,742$3,259$2,832$1,966
14 years$4,503$3,897$3,362$2,893$2,483$1,666
15 years$4,159$3,560$3,036$2,580$2,186$1,417
16 years$3,859$3,266$2,752$2,310$1,932$1,210
17 years$3,594$3,008$2,505$2,076$1,713$1,035
18 years$3,359$2,780$2,286$1,870$1,523$887
19 years$3,149$2,576$2,093$1,690$1,358$762
20 years$2,960$2,394$1,921$1,531$1,213$656
21 years$2,790$2,230$1,767$1,389$1,085$565
22 years$2,635$2,081$1,628$1,263$973$487
23 years$2,494$1,947$1,504$1,150$873$421
24 years$2,364$1,824$1,391$1,049$785$364
25 years$2,246$1,712$1,288$958$706$315
26 years$2,136$1,609$1,194$876$636$272
27 years$2,035$1,514$1,109$802$574$236
28 years$1,941$1,427$1,031$735$518$204
29 years$1,854$1,346$960$674$467$177
30 years$1,773$1,271$894$618$422$153
31 years$1,697$1,202$833$568$382$133
32 years$1,626$1,137$777$522$345$115
33 years$1,560$1,077$726$480$313$100
34 years$1,497$1,020$678$442$283$87
35 years$1,439$968$634$407$256$75
36 years$1,383$919$593$374$232$65
37 years$1,331$873$555$345$210$57
38 years$1,282$829$520$318$191$49
39 years$1,235$788$487$293$173$43
40 years$1,191$750$457$270$157$37
41 years$1,149$714$428$249$142$32
42 years$1,109$680$402$230$129$28
43 years$1,071$648$377$213$117$24
44 years$1,035$618$354$196$106$21
45 years$1,000$589$332$181$97$18
46 years$968$562$312$167$88$16
47 years$936$536$293$155$80$14
48 years$906$512$275$143$72$12
49 years$878$489$259$132$66$10
50 years$850$467$243$122$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $871,000, adding $2,231 every year, while hoping to spend $55,400 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: 33/48/19 Blend
59$871,000$871,000$871,000$871,000
60$962,143$915,980$902,480$988,177
61$1,001,337$901,918$873,768$993,603
62$1,042,671$885,310$842,237$994,199
63$1,086,306$865,973$807,735$993,677
64$1,132,417$843,713$770,101$991,973
65$1,181,193$818,324$729,169$989,019
66$1,232,842$789,590$684,763$984,747
67$1,287,591$757,279$636,702$979,088
68$1,345,688$721,148$584,794$971,972
69$1,407,403$680,940$528,840$963,329
70$1,473,035$636,382$468,632$953,089
71$1,542,905$587,186$403,953$941,183
72$1,617,371$533,048$334,575$927,541
73$1,696,821$473,645$260,261$912,096
74$1,781,680$408,637$180,764$894,784
75$1,872,417$337,665$95,824$875,543
76$1,969,542$260,350$5,173$854,315
77$2,073,617$176,289$0$831,047
78$2,185,259$85,059$0$824,256
79$2,305,141$0$0$817,664
80$2,434,007$0$0$817,535
81$2,572,670$0$0$865,831
82$2,722,025$0$0$917,948
83$2,883,051$0$0$974,241
84$3,056,830$0$0$1,035,099
85$3,244,544$0$0$1,100,952
86$3,447,497$0$0$1,172,271
87$3,667,119$0$0$1,249,573
88$3,904,983$0$0$1,333,429
89$4,162,821$0$0$1,424,464
90$4,442,533$0$0$1,523,368
91$4,746,211$0$0$1,630,900
92$5,076,156$0$0$1,747,892
93$5,434,900$0$0$1,875,262
94$5,825,226$0$0$2,014,021
95$6,250,198$0$0$2,165,278
96$6,713,188$0$0$2,330,257
97$7,217,905$0$0$2,510,304
98$7,768,432$0$0$2,706,900
99$8,369,264$0$0$2,921,676
100$9,025,346$0$0$3,156,428