Can I retire at age 60 with 872,000?

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 $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%11.3%
1 years$72,009$71,368$70,742$70,131$69,535$69,154
2 years$35,648$34,984$34,341$33,717$33,112$32,728
3 years$23,529$22,862$22,221$21,603$21,007$20,632
4 years$17,471$16,806$16,171$15,564$14,983$14,619
5 years$13,837$13,176$12,549$11,954$11,390$11,038
6 years$11,415$10,760$10,142$9,560$9,012$8,674
7 years$9,686$9,036$8,428$7,860$7,329$7,004
8 years$8,390$7,745$7,147$6,593$6,080$5,768
9 years$7,382$6,744$6,156$5,616$5,121$4,821
10 years$6,576$5,944$5,367$4,841$4,363$4,076
11 years$5,918$5,292$4,725$4,213$3,752$3,478
12 years$5,369$4,750$4,193$3,696$3,252$2,990
13 years$4,905$4,292$3,746$3,263$2,836$2,586
14 years$4,508$3,902$3,366$2,896$2,486$2,248
15 years$4,164$3,564$3,039$2,583$2,189$1,962
16 years$3,863$3,270$2,756$2,313$1,934$1,719
17 years$3,598$3,012$2,507$2,078$1,715$1,511
18 years$3,363$2,783$2,289$1,873$1,525$1,331
19 years$3,153$2,579$2,095$1,692$1,359$1,176
20 years$2,964$2,397$1,923$1,533$1,214$1,041
21 years$2,793$2,232$1,769$1,391$1,086$922
22 years$2,638$2,084$1,630$1,265$974$819
23 years$2,496$1,949$1,505$1,152$874$728
24 years$2,367$1,826$1,392$1,050$786$648
25 years$2,248$1,714$1,289$959$707$577
26 years$2,139$1,611$1,196$877$637$515
27 years$2,037$1,516$1,110$803$574$460
28 years$1,943$1,428$1,032$736$518$410
29 years$1,856$1,347$961$675$468$367
30 years$1,775$1,272$895$619$423$328
31 years$1,699$1,203$834$569$382$293
32 years$1,628$1,138$778$523$346$263
33 years$1,562$1,078$727$481$313$235
34 years$1,499$1,022$679$442$283$211
35 years$1,440$969$635$407$257$189
36 years$1,385$920$594$375$232$169
37 years$1,333$874$556$345$211$152
38 years$1,283$830$521$318$191$136
39 years$1,236$789$488$294$173$122
40 years$1,192$751$457$271$157$109
41 years$1,150$715$429$250$143$98
42 years$1,110$681$402$231$129$88
43 years$1,072$649$377$213$117$79
44 years$1,036$618$354$196$107$71
45 years$1,002$590$333$181$97$64
46 years$969$563$312$168$88$57
47 years$937$537$293$155$80$51
48 years$907$512$276$143$72$46
49 years$879$489$259$132$66$41
50 years$851$467$244$122$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $872,000, adding $5,968 every year, while hoping to spend $25,673 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: 65/17/18 Blend
59$872,000$872,000$872,000$872,000
60$967,100$920,884$907,368$1,025,256
61$1,038,428$938,691$910,449$1,082,797
62$1,116,172$956,511$912,773$1,142,164
63$1,200,957$974,316$914,287$1,206,425
64$1,293,476$992,078$914,936$1,276,058
65$1,394,486$1,009,766$914,662$1,351,591
66$1,504,826$1,027,347$913,406$1,433,608
67$1,625,416$1,044,784$911,102$1,522,748
68$1,757,269$1,062,040$907,685$1,619,720
69$1,901,502$1,079,072$903,085$1,725,302
70$2,059,345$1,095,835$897,227$1,840,353
71$2,232,150$1,112,283$890,036$1,965,820
72$2,421,407$1,128,363$881,430$2,102,746
73$2,628,759$1,144,021$871,326$2,252,283
74$2,856,012$1,159,197$859,635$2,415,696
75$3,105,157$1,173,830$846,265$2,594,385
76$3,378,386$1,187,851$831,118$2,789,889
77$3,678,115$1,201,189$814,094$3,003,907
78$4,007,003$1,213,768$795,086$3,238,310
79$4,367,980$1,225,505$773,984$3,495,163
80$4,764,272$1,236,313$750,671$3,776,739
81$5,199,435$1,246,100$725,026$4,085,546
82$5,677,385$1,254,766$696,922$4,424,348
83$6,202,436$1,262,207$666,226$4,796,191
84$6,779,339$1,268,310$632,799$5,204,434
85$7,413,330$1,272,956$596,497$5,652,779
86$8,110,178$1,276,018$557,167$6,145,307
87$8,876,235$1,277,362$514,652$6,686,515
88$9,718,503$1,276,845$468,784$7,281,362
89$10,644,694$1,274,315$419,393$7,935,313
90$11,663,307$1,269,610$366,296$8,654,394
91$12,783,703$1,262,559$309,305$9,445,245
92$14,016,197$1,252,981$248,224$10,315,186
93$15,372,155$1,240,683$182,846$11,272,285
94$16,864,100$1,225,462$112,956$12,325,436
95$18,505,829$1,207,100$38,330$13,484,442
96$20,312,544$1,185,368$0$14,760,109
97$22,300,996$1,160,024$0$16,172,280
98$24,489,643$1,130,810$0$17,734,521
99$26,898,820$1,097,454$0$19,453,981
100$29,550,938$1,059,668$0$21,346,659