Can I retire at age 60 with 871,000?

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 $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%19.7%
1 years$71,926$71,286$70,661$70,051$69,455$66,752
2 years$35,607$34,944$34,301$33,678$33,074$30,383
3 years$23,502$22,836$22,195$21,578$20,983$18,390
4 years$17,451$16,787$16,152$15,546$14,965$12,489
5 years$13,821$13,161$12,535$11,941$11,377$9,023
6 years$11,402$10,747$10,130$9,549$9,002$6,773
7 years$9,675$9,025$8,418$7,851$7,321$5,216
8 years$8,380$7,736$7,139$6,586$6,073$4,091
9 years$7,374$6,736$6,149$5,610$5,115$3,251
10 years$6,569$5,937$5,361$4,836$4,358$2,610
11 years$5,911$5,286$4,720$4,208$3,748$2,111
12 years$5,363$4,744$4,189$3,691$3,248$1,718
13 years$4,900$4,287$3,742$3,259$2,832$1,405
14 years$4,503$3,897$3,362$2,893$2,483$1,154
15 years$4,159$3,560$3,036$2,580$2,186$950
16 years$3,859$3,266$2,752$2,310$1,932$784
17 years$3,594$3,008$2,505$2,076$1,713$649
18 years$3,359$2,780$2,286$1,870$1,523$538
19 years$3,149$2,576$2,093$1,690$1,358$446
20 years$2,960$2,394$1,921$1,531$1,213$371
21 years$2,790$2,230$1,767$1,389$1,085$308
22 years$2,635$2,081$1,628$1,263$973$257
23 years$2,494$1,947$1,504$1,150$873$214
24 years$2,364$1,824$1,391$1,049$785$178
25 years$2,246$1,712$1,288$958$706$148
26 years$2,136$1,609$1,194$876$636$124
27 years$2,035$1,514$1,109$802$574$103
28 years$1,941$1,427$1,031$735$518$86
29 years$1,854$1,346$960$674$467$72
30 years$1,773$1,271$894$618$422$60
31 years$1,697$1,202$833$568$382$50
32 years$1,626$1,137$777$522$345$42
33 years$1,560$1,077$726$480$313$35
34 years$1,497$1,020$678$442$283$29
35 years$1,439$968$634$407$256$24
36 years$1,383$919$593$374$232$20
37 years$1,331$873$555$345$210$17
38 years$1,282$829$520$318$191$14
39 years$1,235$788$487$293$173$12
40 years$1,191$750$457$270$157$10
41 years$1,149$714$428$249$142$8
42 years$1,109$680$402$230$129$7
43 years$1,071$648$377$213$117$6
44 years$1,035$618$354$196$106$5
45 years$1,000$589$332$181$97$4
46 years$968$562$312$167$88$3
47 years$936$536$293$155$80$3
48 years$906$512$275$143$72$2
49 years$878$489$259$132$66$2
50 years$850$467$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 $871,000, adding $3,822 every year, while hoping to spend $44,786 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: 31/45/24 Blend
59$871,000$871,000$871,000$871,000
60$963,784$917,621$904,121$986,426
61$1,014,438$914,933$886,757$1,001,338
62$1,068,758$910,612$867,310$1,013,124
63$1,127,070$904,530$845,664$1,024,900
64$1,189,733$896,554$821,695$1,036,695
65$1,257,140$886,539$795,276$1,048,544
66$1,329,723$874,334$766,273$1,060,490
67$1,407,957$859,779$734,545$1,072,584
68$1,492,363$842,702$699,946$1,084,887
69$1,583,513$822,924$662,324$1,097,472
70$1,682,036$800,252$621,517$1,110,425
71$1,788,625$774,486$577,359$1,123,844
72$1,904,039$745,410$529,674$1,137,845
73$2,029,114$712,797$478,281$1,152,561
74$2,164,768$676,410$422,989$1,168,146
75$2,312,013$635,992$363,597$1,184,776
76$2,471,960$591,277$299,899$1,202,653
77$2,645,831$541,981$231,677$1,222,006
78$2,834,972$487,804$158,704$1,243,098
79$3,040,861$428,429$80,743$1,266,226
80$3,265,129$363,521$0$1,291,726
81$3,509,565$292,727$0$1,320,610
82$3,776,143$215,674$0$1,374,785
83$4,067,033$131,965$0$1,434,107
84$4,384,625$41,185$0$1,499,197
85$4,731,547$0$0$1,570,743
86$5,110,695$0$0$1,677,794
87$5,525,257$0$0$1,817,270
88$5,978,743$0$0$1,969,977
89$6,475,017$0$0$2,137,231
90$7,018,333$0$0$2,320,483
91$7,613,378$0$0$2,521,333
92$8,265,311$0$0$2,741,541
93$8,979,815$0$0$2,983,045
94$9,763,150$0$0$3,247,982
95$10,622,207$0$0$3,538,703
96$11,564,580$0$0$3,857,799
97$12,598,630$0$0$4,208,125
98$13,733,569$0$0$4,592,825
99$14,979,543$0$0$5,015,361
100$16,347,729$0$0$5,479,549