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%18.3%
1 years$71,926$71,286$70,661$70,051$69,455$67,124
2 years$35,607$34,944$34,301$33,678$33,074$30,749
3 years$23,502$22,836$22,195$21,578$20,983$18,737
4 years$17,451$16,787$16,152$15,546$14,965$12,815
5 years$13,821$13,161$12,535$11,941$11,377$9,327
6 years$11,402$10,747$10,130$9,549$9,002$7,056
7 years$9,675$9,025$8,418$7,851$7,321$5,477
8 years$8,380$7,736$7,139$6,586$6,073$4,331
9 years$7,374$6,736$6,149$5,610$5,115$3,472
10 years$6,569$5,937$5,361$4,836$4,358$2,812
11 years$5,911$5,286$4,720$4,208$3,748$2,296
12 years$5,363$4,744$4,189$3,691$3,248$1,886
13 years$4,900$4,287$3,742$3,259$2,832$1,557
14 years$4,503$3,897$3,362$2,893$2,483$1,291
15 years$4,159$3,560$3,036$2,580$2,186$1,074
16 years$3,859$3,266$2,752$2,310$1,932$896
17 years$3,594$3,008$2,505$2,076$1,713$749
18 years$3,359$2,780$2,286$1,870$1,523$627
19 years$3,149$2,576$2,093$1,690$1,358$526
20 years$2,960$2,394$1,921$1,531$1,213$442
21 years$2,790$2,230$1,767$1,389$1,085$371
22 years$2,635$2,081$1,628$1,263$973$312
23 years$2,494$1,947$1,504$1,150$873$263
24 years$2,364$1,824$1,391$1,049$785$222
25 years$2,246$1,712$1,288$958$706$187
26 years$2,136$1,609$1,194$876$636$157
27 years$2,035$1,514$1,109$802$574$133
28 years$1,941$1,427$1,031$735$518$112
29 years$1,854$1,346$960$674$467$95
30 years$1,773$1,271$894$618$422$80
31 years$1,697$1,202$833$568$382$67
32 years$1,626$1,137$777$522$345$57
33 years$1,560$1,077$726$480$313$48
34 years$1,497$1,020$678$442$283$41
35 years$1,439$968$634$407$256$34
36 years$1,383$919$593$374$232$29
37 years$1,331$873$555$345$210$25
38 years$1,282$829$520$318$191$21
39 years$1,235$788$487$293$173$18
40 years$1,191$750$457$270$157$15
41 years$1,149$714$428$249$142$13
42 years$1,109$680$402$230$129$11
43 years$1,071$648$377$213$117$9
44 years$1,035$618$354$196$106$8
45 years$1,000$589$332$181$97$6
46 years$968$562$312$167$88$5
47 years$936$536$293$155$80$5
48 years$906$512$275$143$72$4
49 years$878$489$259$132$66$3
50 years$850$467$243$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $871,000, adding $2,951 every year, while hoping to spend $29,868 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: 53/25/22 Blend
59$871,000$871,000$871,000$871,000
60$962,886$916,723$903,222$1,007,935
61$1,029,321$929,863$901,701$1,052,403
62$1,101,531$942,646$899,128$1,097,419
63$1,180,075$955,023$895,436$1,145,776
64$1,265,564$966,941$890,555$1,197,801
65$1,358,675$978,344$884,411$1,253,858
66$1,460,150$989,173$876,929$1,314,347
67$1,570,806$999,364$868,027$1,379,712
68$1,691,544$1,008,848$857,622$1,450,440
69$1,823,353$1,017,553$845,623$1,527,071
70$1,967,323$1,025,401$831,940$1,610,200
71$2,124,655$1,032,311$816,476$1,700,485
72$2,296,670$1,038,194$799,128$1,798,651
73$2,484,823$1,042,958$779,790$1,905,500
74$2,690,714$1,046,503$758,353$2,021,915
75$2,916,109$1,048,723$734,700$2,148,873
76$3,162,948$1,049,507$708,708$2,287,452
77$3,433,371$1,048,735$680,252$2,438,840
78$3,729,733$1,046,281$649,198$2,604,350
79$4,054,627$1,042,010$615,409$2,785,430
80$4,410,912$1,035,781$578,737$2,983,679
81$4,801,733$1,027,442$539,033$3,200,861
82$5,230,556$1,016,834$496,137$3,438,921
83$5,701,199$1,003,785$449,884$3,700,008
84$6,217,868$988,116$400,101$3,986,491
85$6,785,193$969,637$346,608$4,300,984
86$7,408,279$948,145$289,215$4,646,373
87$8,092,745$923,426$227,726$5,025,840
88$8,844,786$895,254$161,935$5,442,895
89$9,671,221$863,389$91,627$5,901,410
90$10,579,567$827,577$16,578$6,405,659
91$11,578,104$787,549$0$6,960,354
92$12,675,954$743,022$0$7,585,601
93$13,883,166$693,695$0$8,277,347
94$15,210,813$639,250$0$9,038,079
95$16,671,094$579,351$0$9,874,834
96$18,277,450$513,644$0$10,795,369
97$20,044,691$441,754$0$11,808,235
98$21,989,133$363,283$0$12,922,857
99$24,128,754$277,813$0$14,149,625
100$26,483,363$184,903$0$15,499,992