Can I retire at age 60 with 874,000?

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 $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%13.5%
1 years$72,174$71,531$70,904$70,292$69,694$68,681
2 years$35,730$35,064$34,419$33,794$33,188$32,169
3 years$23,583$22,915$22,272$21,652$21,056$20,063
4 years$17,511$16,845$16,208$15,599$15,017$14,059
5 years$13,869$13,207$12,578$11,982$11,416$10,494
6 years$11,441$10,784$10,165$9,582$9,033$8,149
7 years$9,708$9,057$8,447$7,878$7,346$6,500
8 years$8,409$7,763$7,164$6,608$6,094$5,286
9 years$7,399$6,759$6,170$5,629$5,132$4,362
10 years$6,591$5,958$5,379$4,852$4,373$3,639
11 years$5,931$5,304$4,736$4,223$3,761$3,063
12 years$5,381$4,761$4,203$3,704$3,259$2,597
13 years$4,916$4,302$3,755$3,270$2,842$2,214
14 years$4,518$3,911$3,374$2,903$2,491$1,897
15 years$4,174$3,572$3,046$2,589$2,194$1,632
16 years$3,872$3,278$2,762$2,318$1,939$1,408
17 years$3,607$3,019$2,513$2,083$1,719$1,219
18 years$3,371$2,789$2,294$1,877$1,528$1,057
19 years$3,160$2,585$2,100$1,696$1,362$919
20 years$2,970$2,402$1,927$1,536$1,217$800
21 years$2,799$2,238$1,773$1,394$1,089$698
22 years$2,644$2,089$1,634$1,268$976$609
23 years$2,502$1,953$1,509$1,154$876$533
24 years$2,372$1,830$1,395$1,053$788$466
25 years$2,253$1,718$1,292$962$709$408
26 years$2,144$1,614$1,199$879$638$358
27 years$2,042$1,519$1,113$805$576$314
28 years$1,948$1,432$1,035$737$519$275
29 years$1,861$1,351$963$676$469$242
30 years$1,779$1,275$897$620$424$212
31 years$1,703$1,206$836$570$383$187
32 years$1,632$1,141$780$524$346$164
33 years$1,565$1,080$728$482$314$144
34 years$1,503$1,024$681$443$284$127
35 years$1,444$971$636$408$257$112
36 years$1,388$922$595$376$233$98
37 years$1,336$876$557$346$211$86
38 years$1,286$832$522$319$191$76
39 years$1,239$791$489$294$174$67
40 years$1,195$753$458$271$157$59
41 years$1,153$717$430$250$143$52
42 years$1,113$682$403$231$130$46
43 years$1,075$650$378$213$118$40
44 years$1,038$620$355$197$107$35
45 years$1,004$591$333$182$97$31
46 years$971$564$313$168$88$27
47 years$940$538$294$155$80$24
48 years$910$514$276$143$73$21
49 years$881$490$260$133$66$19
50 years$853$469$244$123$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $874,000, adding $6,274 every year, while hoping to spend $36,728 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: 53/25/22 Blend
59$874,000$874,000$874,000$874,000
60$969,620$923,298$909,751$1,014,824
61$1,029,443$929,461$901,149$1,052,781
62$1,094,136$934,695$891,028$1,089,728
63$1,164,159$938,916$879,299$1,129,159
64$1,240,015$942,034$865,866$1,171,324
65$1,322,257$943,954$850,633$1,216,497
66$1,411,493$944,575$833,496$1,264,986
67$1,508,395$943,788$814,347$1,317,128
68$1,613,698$941,480$793,075$1,373,298
69$1,728,212$937,530$769,560$1,433,912
70$1,852,829$931,808$743,679$1,499,427
71$1,988,530$924,179$715,305$1,570,352
72$2,136,394$914,498$684,301$1,647,248
73$2,297,608$902,610$650,527$1,730,738
74$2,473,480$888,354$613,836$1,821,509
75$2,665,449$871,557$574,074$1,920,320
76$2,875,098$852,037$531,079$2,028,013
77$3,104,172$829,601$484,683$2,145,517
78$3,354,589$804,043$434,712$2,273,860
79$3,628,463$775,147$380,981$2,414,178
80$3,928,121$742,684$323,299$2,567,726
81$4,256,126$706,412$261,465$2,735,892
82$4,615,297$666,073$195,271$2,920,209
83$5,008,743$621,396$124,498$3,122,372
84$5,439,886$572,095$48,920$3,344,250
85$5,912,492$517,866$0$3,587,913
86$6,430,714$458,388$0$3,863,094
87$6,999,121$393,324$0$4,177,604
88$7,622,748$322,314$0$4,522,794
89$8,307,142$244,981$0$4,901,803
90$9,058,410$160,924$0$5,318,094
91$9,883,282$69,724$0$5,775,486
92$10,789,170$0$0$6,278,191
93$11,784,238$0$0$6,838,851
94$12,877,483$0$0$7,475,990
95$14,078,813$0$0$8,176,214
96$15,399,145$0$0$8,945,897
97$16,850,506$0$0$9,792,063
98$18,446,146$0$0$10,722,449
99$20,200,664$0$0$11,745,580
100$22,130,142$0$0$12,870,847