Can I retire at age 60 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$72,009$71,368$70,742$70,131$69,535$67,964
2 years$35,648$34,984$34,341$33,717$33,112$31,538
3 years$23,529$22,862$22,221$21,603$21,007$19,479
4 years$17,471$16,806$16,171$15,564$14,983$13,512
5 years$13,837$13,176$12,549$11,954$11,390$9,981
6 years$11,415$10,760$10,142$9,560$9,012$7,667
7 years$9,686$9,036$8,428$7,860$7,329$6,047
8 years$8,390$7,745$7,147$6,593$6,080$4,861
9 years$7,382$6,744$6,156$5,616$5,121$3,963
10 years$6,576$5,944$5,367$4,841$4,363$3,267
11 years$5,918$5,292$4,725$4,213$3,752$2,715
12 years$5,369$4,750$4,193$3,696$3,252$2,272
13 years$4,905$4,292$3,746$3,263$2,836$1,912
14 years$4,508$3,902$3,366$2,896$2,486$1,616
15 years$4,164$3,564$3,039$2,583$2,189$1,371
16 years$3,863$3,270$2,756$2,313$1,934$1,167
17 years$3,598$3,012$2,507$2,078$1,715$995
18 years$3,363$2,783$2,289$1,873$1,525$851
19 years$3,153$2,579$2,095$1,692$1,359$729
20 years$2,964$2,397$1,923$1,533$1,214$625
21 years$2,793$2,232$1,769$1,391$1,086$537
22 years$2,638$2,084$1,630$1,265$974$462
23 years$2,496$1,949$1,505$1,152$874$397
24 years$2,367$1,826$1,392$1,050$786$342
25 years$2,248$1,714$1,289$959$707$295
26 years$2,139$1,611$1,196$877$637$255
27 years$2,037$1,516$1,110$803$574$220
28 years$1,943$1,428$1,032$736$518$190
29 years$1,856$1,347$961$675$468$164
30 years$1,775$1,272$895$619$423$142
31 years$1,699$1,203$834$569$382$122
32 years$1,628$1,138$778$523$346$106
33 years$1,562$1,078$727$481$313$91
34 years$1,499$1,022$679$442$283$79
35 years$1,440$969$635$407$257$68
36 years$1,385$920$594$375$232$59
37 years$1,333$874$556$345$211$51
38 years$1,283$830$521$318$191$44
39 years$1,236$789$488$294$173$38
40 years$1,192$751$457$271$157$33
41 years$1,150$715$429$250$143$29
42 years$1,110$681$402$231$129$25
43 years$1,072$649$377$213$117$22
44 years$1,036$618$354$196$107$19
45 years$1,002$590$333$181$97$16
46 years$969$563$312$168$88$14
47 years$937$537$293$155$80$12
48 years$907$512$276$143$72$10
49 years$879$489$259$132$66$9
50 years$851$467$244$122$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $872,000, adding $5,459 every year, while hoping to spend $46,637 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: 78/5/17 Blend
59$872,000$872,000$872,000$872,000
60$966,575$920,359$906,843$1,037,936
61$1,015,544$915,835$887,601$1,081,256
62$1,067,945$909,527$866,151$1,122,335
63$1,124,079$901,297$842,370$1,166,117
64$1,184,275$891,000$816,130$1,212,855
65$1,248,896$878,484$787,295$1,262,828
66$1,318,338$863,585$755,724$1,316,345
67$1,393,038$846,130$721,271$1,373,745
68$1,473,475$825,938$683,780$1,435,405
69$1,560,175$802,814$643,092$1,501,737
70$1,653,715$776,553$599,037$1,573,198
71$1,754,729$746,940$551,441$1,650,292
72$1,863,915$713,744$500,118$1,733,572
73$1,982,040$676,723$444,877$1,823,653
74$2,109,946$635,620$385,518$1,921,210
75$2,248,558$590,163$321,831$2,026,987
76$2,398,897$540,067$253,598$2,141,808
77$2,562,081$485,026$180,590$2,266,579
78$2,739,342$424,722$102,569$2,402,300
79$2,932,035$358,814$19,286$2,550,074
80$3,141,652$286,945$0$2,711,120
81$3,369,832$208,737$0$2,899,402
82$3,618,380$123,790$0$3,108,333
83$3,889,282$31,682$0$3,336,095
84$4,184,723$0$0$3,584,542
85$4,507,109$0$0$3,859,461
86$4,859,089$0$0$4,161,547
87$5,243,576$0$0$4,491,560
88$5,663,781$0$0$4,852,259
89$6,123,234$0$0$5,246,680
90$6,625,828$0$0$5,678,166
91$7,175,843$0$0$6,150,398
92$7,777,997$0$0$6,667,428
93$8,437,482$0$0$7,233,721
94$9,160,018$0$0$7,854,192
95$9,951,903$0$0$8,534,254
96$10,820,073$0$0$9,279,868
97$11,772,169$0$0$10,097,601
98$12,816,604$0$0$10,994,686
99$13,962,648$0$0$11,979,088
100$15,220,508$0$0$13,059,581