Can I retire at age 60 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$72,092$71,449$70,823$70,211$69,614$68,097
2 years$35,689$35,024$34,380$33,755$33,150$31,629
3 years$23,556$22,889$22,246$21,627$21,031$19,555
4 years$17,491$16,826$16,190$15,581$15,000$13,578
5 years$13,853$13,191$12,564$11,968$11,403$10,040
6 years$11,428$10,772$10,153$9,571$9,023$7,721
7 years$9,697$9,046$8,437$7,869$7,338$6,097
8 years$8,399$7,754$7,156$6,601$6,087$4,907
9 years$7,390$6,751$6,163$5,623$5,126$4,005
10 years$6,584$5,951$5,373$4,847$4,368$3,305
11 years$5,924$5,298$4,730$4,218$3,757$2,751
12 years$5,375$4,755$4,198$3,700$3,255$2,305
13 years$4,911$4,297$3,751$3,266$2,839$1,942
14 years$4,513$3,906$3,370$2,900$2,488$1,644
15 years$4,169$3,568$3,043$2,586$2,191$1,396
16 years$3,868$3,274$2,759$2,315$1,936$1,190
17 years$3,602$3,015$2,510$2,080$1,717$1,017
18 years$3,367$2,786$2,292$1,875$1,527$870
19 years$3,156$2,582$2,098$1,694$1,361$747
20 years$2,967$2,399$1,925$1,534$1,215$641
21 years$2,796$2,235$1,771$1,392$1,088$552
22 years$2,641$2,086$1,632$1,266$975$475
23 years$2,499$1,951$1,507$1,153$875$410
24 years$2,370$1,828$1,394$1,052$787$354
25 years$2,251$1,716$1,291$960$708$305
26 years$2,141$1,612$1,197$878$638$264
27 years$2,040$1,517$1,112$804$575$228
28 years$1,946$1,430$1,033$736$519$197
29 years$1,858$1,349$962$675$468$171
30 years$1,777$1,274$896$620$423$148
31 years$1,701$1,204$835$569$383$128
32 years$1,630$1,140$779$523$346$111
33 years$1,563$1,079$728$481$313$96
34 years$1,501$1,023$680$443$284$83
35 years$1,442$970$636$407$257$72
36 years$1,387$921$595$375$233$62
37 years$1,334$875$556$346$211$54
38 years$1,285$831$521$319$191$47
39 years$1,238$790$488$294$173$41
40 years$1,194$752$458$271$157$35
41 years$1,151$716$429$250$143$30
42 years$1,111$682$403$231$129$26
43 years$1,073$649$378$213$118$23
44 years$1,037$619$355$197$107$20
45 years$1,003$590$333$182$97$17
46 years$970$563$313$168$88$15
47 years$938$537$294$155$80$13
48 years$908$513$276$143$73$11
49 years$880$490$259$132$66$10
50 years$852$468$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 $873,000, adding $4,511 every year, while hoping to spend $43,203 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: 47/39/14 Blend
59$873,000$873,000$873,000$873,000
60$966,699$920,430$906,899$1,008,135
61$1,019,335$919,564$891,312$1,036,419
62$1,075,891$917,206$873,755$1,062,311
63$1,136,723$913,240$854,117$1,089,461
64$1,202,219$907,539$832,280$1,118,002
65$1,272,806$899,970$808,122$1,148,084
66$1,348,954$890,390$781,516$1,179,873
67$1,431,178$878,650$752,328$1,213,555
68$1,520,045$864,590$720,418$1,249,339
69$1,616,177$848,043$685,639$1,287,457
70$1,720,259$828,829$647,840$1,328,169
71$1,833,044$806,759$606,860$1,371,763
72$1,955,357$781,634$562,533$1,418,563
73$2,088,110$753,241$514,685$1,468,928
74$2,232,303$721,355$463,133$1,523,259
75$2,389,037$685,740$407,686$1,582,000
76$2,559,522$646,145$348,147$1,645,648
77$2,745,091$602,304$284,308$1,714,754
78$2,947,210$553,936$215,951$1,789,932
79$3,167,491$500,745$142,852$1,871,862
80$3,407,711$442,417$64,773$1,961,304
81$3,669,823$378,621$0$2,059,096
82$3,955,978$309,006$0$2,168,945
83$4,268,543$233,203$0$2,299,621
84$4,610,126$150,821$0$2,442,627
85$4,983,594$61,447$0$2,599,283
86$5,392,109$0$0$2,771,044
87$5,839,148$0$0$2,974,697
88$6,328,541$0$0$3,226,610
89$6,864,508$0$0$3,502,596
90$7,451,693$0$0$3,805,059
91$8,095,211$0$0$4,136,647
92$8,800,696$0$0$4,500,276
93$9,574,354$0$0$4,899,159
94$10,423,019$0$0$5,336,833
95$11,354,218$0$0$5,817,196
96$12,376,242$0$0$6,344,540
97$13,498,226$0$0$6,923,594
98$14,730,230$0$0$7,559,566
99$16,083,337$0$0$8,258,195
100$17,569,755$0$0$9,025,802