Can I retire at age 60 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$72,174$71,531$70,904$70,292$69,694$68,966
2 years$35,730$35,064$34,419$33,794$33,188$32,455
3 years$23,583$22,915$22,272$21,652$21,056$20,340
4 years$17,511$16,845$16,208$15,599$15,017$14,325
5 years$13,869$13,207$12,578$11,982$11,416$10,749
6 years$11,441$10,784$10,165$9,582$9,033$8,392
7 years$9,708$9,057$8,447$7,878$7,346$6,731
8 years$8,409$7,763$7,164$6,608$6,094$5,506
9 years$7,399$6,759$6,170$5,629$5,132$4,570
10 years$6,591$5,958$5,379$4,852$4,373$3,836
11 years$5,931$5,304$4,736$4,223$3,761$3,249
12 years$5,381$4,761$4,203$3,704$3,259$2,772
13 years$4,916$4,302$3,755$3,270$2,842$2,379
14 years$4,518$3,911$3,374$2,903$2,491$2,052
15 years$4,174$3,572$3,046$2,589$2,194$1,777
16 years$3,872$3,278$2,762$2,318$1,939$1,544
17 years$3,607$3,019$2,513$2,083$1,719$1,346
18 years$3,371$2,789$2,294$1,877$1,528$1,176
19 years$3,160$2,585$2,100$1,696$1,362$1,030
20 years$2,970$2,402$1,927$1,536$1,217$903
21 years$2,799$2,238$1,773$1,394$1,089$794
22 years$2,644$2,089$1,634$1,268$976$698
23 years$2,502$1,953$1,509$1,154$876$615
24 years$2,372$1,830$1,395$1,053$788$542
25 years$2,253$1,718$1,292$962$709$479
26 years$2,144$1,614$1,199$879$638$423
27 years$2,042$1,519$1,113$805$576$374
28 years$1,948$1,432$1,035$737$519$331
29 years$1,861$1,351$963$676$469$293
30 years$1,779$1,275$897$620$424$259
31 years$1,703$1,206$836$570$383$230
32 years$1,632$1,141$780$524$346$204
33 years$1,565$1,080$728$482$314$181
34 years$1,503$1,024$681$443$284$160
35 years$1,444$971$636$408$257$142
36 years$1,388$922$595$376$233$126
37 years$1,336$876$557$346$211$112
38 years$1,286$832$522$319$191$99
39 years$1,239$791$489$294$174$88
40 years$1,195$753$458$271$157$78
41 years$1,153$717$430$250$143$69
42 years$1,113$682$403$231$130$62
43 years$1,075$650$378$213$118$55
44 years$1,038$620$355$197$107$49
45 years$1,004$591$333$182$97$43
46 years$971$564$313$168$88$38
47 years$940$538$294$155$80$34
48 years$910$514$276$143$73$30
49 years$881$490$260$133$66$27
50 years$853$469$244$123$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $874,000, adding $4,809 every year, while hoping to spend $24,602 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: 73/17/10 Blend
59$874,000$874,000$874,000$874,000
60$968,108$921,786$908,239$1,036,626
61$1,040,679$940,778$912,489$1,101,514
62$1,119,828$959,875$916,057$1,169,031
63$1,206,199$979,057$918,893$1,242,301
64$1,300,502$998,302$920,947$1,321,884
65$1,403,520$1,017,586$922,165$1,408,400
66$1,516,111$1,036,880$922,491$1,502,530
67$1,639,225$1,056,157$921,864$1,605,026
68$1,773,903$1,075,386$920,223$1,716,714
69$1,921,293$1,094,532$917,503$1,838,505
70$2,082,660$1,113,559$913,635$1,971,403
71$2,259,397$1,132,429$908,547$2,116,514
72$2,453,037$1,151,100$902,165$2,275,056
73$2,665,268$1,169,525$894,409$2,448,371
74$2,897,950$1,187,657$885,196$2,637,939
75$3,153,132$1,205,443$874,441$2,845,390
76$3,433,070$1,222,827$862,053$3,072,518
77$3,740,248$1,239,751$847,937$3,321,303
78$4,077,404$1,256,150$831,994$3,593,925
79$4,447,553$1,271,955$814,120$3,892,786
80$4,854,016$1,287,093$794,205$4,220,535
81$5,300,452$1,301,487$772,138$4,580,089
82$5,790,892$1,315,054$747,797$4,974,664
83$6,329,774$1,327,703$721,060$5,407,802
84$6,921,992$1,339,341$691,796$5,883,409
85$7,572,932$1,349,866$659,869$6,405,787
86$8,288,533$1,359,171$625,136$6,979,678
87$9,075,335$1,367,142$587,450$7,610,310
88$9,940,544$1,373,657$546,654$8,303,440
89$10,892,099$1,378,586$502,587$9,065,417
90$11,938,748$1,381,791$455,078$9,903,235
91$13,090,128$1,383,127$403,951$10,824,603
92$14,356,859$1,382,437$349,021$11,838,017
93$15,750,639$1,379,557$290,094$12,952,840
94$17,284,360$1,374,311$226,968$14,179,389
95$18,972,226$1,366,514$159,433$15,529,037
96$20,829,888$1,355,968$87,268$17,014,317
97$22,874,590$1,342,463$10,245$18,649,039
98$25,125,333$1,325,779$0$20,448,426
99$27,603,054$1,305,679$0$22,436,930
100$30,330,823$1,281,915$0$24,627,028