Can I retire at age 60 with 873,000?

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 $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%17.6%
1 years$72,092$71,449$70,823$70,211$69,614$67,467
2 years$35,689$35,024$34,380$33,755$33,150$31,005
3 years$23,556$22,889$22,246$21,627$21,031$18,957
4 years$17,491$16,826$16,190$15,581$15,000$13,011
5 years$13,853$13,191$12,564$11,968$11,403$9,505
6 years$11,428$10,772$10,153$9,571$9,023$7,218
7 years$9,697$9,046$8,437$7,869$7,338$5,626
8 years$8,399$7,754$7,156$6,601$6,087$4,467
9 years$7,390$6,751$6,163$5,623$5,126$3,596
10 years$6,584$5,951$5,373$4,847$4,368$2,925
11 years$5,924$5,298$4,730$4,218$3,757$2,399
12 years$5,375$4,755$4,198$3,700$3,255$1,980
13 years$4,911$4,297$3,751$3,266$2,839$1,643
14 years$4,513$3,906$3,370$2,900$2,488$1,369
15 years$4,169$3,568$3,043$2,586$2,191$1,144
16 years$3,868$3,274$2,759$2,315$1,936$959
17 years$3,602$3,015$2,510$2,080$1,717$806
18 years$3,367$2,786$2,292$1,875$1,527$678
19 years$3,156$2,582$2,098$1,694$1,361$572
20 years$2,967$2,399$1,925$1,534$1,215$483
21 years$2,796$2,235$1,771$1,392$1,088$408
22 years$2,641$2,086$1,632$1,266$975$345
23 years$2,499$1,951$1,507$1,153$875$292
24 years$2,370$1,828$1,394$1,052$787$248
25 years$2,251$1,716$1,291$960$708$210
26 years$2,141$1,612$1,197$878$638$178
27 years$2,040$1,517$1,112$804$575$151
28 years$1,946$1,430$1,033$736$519$128
29 years$1,858$1,349$962$675$468$109
30 years$1,777$1,274$896$620$423$92
31 years$1,701$1,204$835$569$383$78
32 years$1,630$1,140$779$523$346$67
33 years$1,563$1,079$728$481$313$57
34 years$1,501$1,023$680$443$284$48
35 years$1,442$970$636$407$257$41
36 years$1,387$921$595$375$233$35
37 years$1,334$875$556$346$211$30
38 years$1,285$831$521$319$191$25
39 years$1,238$790$488$294$173$21
40 years$1,194$752$458$271$157$18
41 years$1,151$716$429$250$143$15
42 years$1,111$682$403$231$129$13
43 years$1,073$649$378$213$118$11
44 years$1,037$619$355$197$107$9
45 years$1,003$590$333$182$97$8
46 years$970$563$313$168$88$7
47 years$938$537$294$155$80$6
48 years$908$513$276$143$73$5
49 years$880$490$259$132$66$4
50 years$852$468$244$122$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $873,000, adding $6,413 every year, while hoping to spend $25,201 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: 69/14/17 Blend
59$873,000$873,000$873,000$873,000
60$968,661$922,392$908,861$1,031,147
61$1,040,651$940,776$912,494$1,091,997
62$1,119,139$959,215$915,404$1,154,967
63$1,204,761$977,687$917,540$1,223,233
64$1,298,219$996,166$918,850$1,297,315
65$1,400,282$1,014,623$919,276$1,377,784
66$1,511,799$1,033,028$918,760$1,465,271
67$1,633,705$1,051,348$917,241$1,560,471
68$1,767,028$1,069,549$914,654$1,664,150
69$1,912,900$1,087,593$910,930$1,777,151
70$2,072,569$1,105,438$905,999$1,900,404
71$2,247,408$1,123,041$899,787$2,034,934
72$2,438,928$1,140,354$892,214$2,181,870
73$2,648,795$1,157,328$883,200$2,342,457
74$2,878,844$1,173,909$872,658$2,518,065
75$3,131,093$1,190,037$860,500$2,710,208
76$3,407,768$1,205,653$846,630$2,920,550
77$3,711,318$1,220,688$830,950$3,150,929
78$4,044,444$1,235,072$813,358$3,403,367
79$4,410,117$1,248,731$793,745$3,680,097
80$4,811,613$1,261,583$772,000$3,983,575
81$5,252,539$1,273,542$748,003$4,316,513
82$5,736,868$1,284,516$721,632$4,681,896
83$6,268,980$1,294,408$692,757$5,083,017
84$6,853,695$1,303,114$661,244$5,523,504
85$7,496,328$1,310,522$626,952$6,007,355
86$8,202,732$1,316,516$589,733$6,538,978
87$8,979,354$1,320,969$549,433$7,123,232
88$9,833,301$1,323,749$505,891$7,765,471
89$10,772,398$1,324,713$458,939$8,471,597
90$11,805,271$1,323,712$408,402$9,248,113
91$12,941,421$1,320,586$354,095$10,102,190
92$14,191,316$1,315,165$295,828$11,041,729
93$15,566,491$1,307,269$233,399$12,075,441
94$17,079,656$1,296,708$166,600$13,212,922
95$18,744,813$1,283,279$95,214$14,464,755
96$20,577,391$1,266,767$19,011$15,842,598
97$22,594,392$1,246,945$0$17,359,305
98$24,814,546$1,223,572$0$19,040,343
99$27,258,496$1,196,394$0$20,894,435
100$29,948,984$1,165,138$0$22,935,384