Can I retire at age 60 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$72,339$71,695$71,066$70,453$69,853$68,276
2 years$35,812$35,145$34,498$33,871$33,264$31,682
3 years$23,637$22,967$22,323$21,702$21,104$19,569
4 years$17,551$16,883$16,245$15,635$15,051$13,574
5 years$13,901$13,237$12,607$12,009$11,442$10,027
6 years$11,468$10,809$10,188$9,604$9,054$7,702
7 years$9,730$9,077$8,466$7,896$7,363$6,075
8 years$8,428$7,781$7,180$6,624$6,108$4,883
9 years$7,416$6,775$6,184$5,642$5,144$3,982
10 years$6,606$5,972$5,392$4,863$4,383$3,282
11 years$5,945$5,316$4,747$4,233$3,770$2,728
12 years$5,394$4,771$4,213$3,713$3,267$2,283
13 years$4,928$4,312$3,764$3,278$2,849$1,921
14 years$4,529$3,919$3,382$2,909$2,497$1,623
15 years$4,183$3,581$3,053$2,595$2,199$1,377
16 years$3,881$3,285$2,768$2,323$1,943$1,172
17 years$3,615$3,025$2,519$2,087$1,723$1,000
18 years$3,378$2,796$2,299$1,881$1,532$855
19 years$3,167$2,591$2,105$1,700$1,365$732
20 years$2,977$2,408$1,932$1,540$1,220$628
21 years$2,806$2,243$1,777$1,397$1,091$539
22 years$2,650$2,093$1,638$1,270$978$464
23 years$2,508$1,958$1,512$1,157$878$399
24 years$2,378$1,834$1,399$1,055$789$344
25 years$2,258$1,722$1,295$964$710$297
26 years$2,148$1,618$1,201$881$640$256
27 years$2,047$1,523$1,116$807$577$221
28 years$1,952$1,435$1,037$739$520$191
29 years$1,865$1,354$965$678$470$165
30 years$1,783$1,278$899$622$425$142
31 years$1,707$1,208$838$571$384$123
32 years$1,636$1,143$782$525$347$106
33 years$1,569$1,083$730$483$314$92
34 years$1,506$1,026$682$444$285$79
35 years$1,447$973$638$409$258$69
36 years$1,391$924$597$377$234$59
37 years$1,339$878$558$347$212$51
38 years$1,289$834$523$320$192$44
39 years$1,242$793$490$295$174$39
40 years$1,198$754$459$272$158$33
41 years$1,155$718$431$251$143$29
42 years$1,115$684$404$232$130$25
43 years$1,077$652$379$214$118$22
44 years$1,041$621$356$197$107$19
45 years$1,006$592$334$182$97$16
46 years$973$565$314$168$88$14
47 years$942$539$295$156$80$12
48 years$912$515$277$144$73$10
49 years$883$492$260$133$66$9
50 years$855$470$245$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $876,000, adding $5,015 every year, while hoping to spend $34,962 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: 55/21/24 Blend
59$876,000$876,000$876,000$876,000
60$970,525$924,097$910,519$1,017,265
61$1,032,319$932,178$903,822$1,057,991
62$1,099,245$939,484$895,729$1,098,244
63$1,171,788$945,939$886,156$1,141,350
64$1,250,484$951,464$875,016$1,187,594
65$1,335,921$955,973$862,216$1,237,291
66$1,428,745$959,376$847,662$1,290,791
67$1,529,670$961,578$831,251$1,348,477
68$1,639,477$962,477$812,879$1,410,778
69$1,759,029$961,963$792,435$1,478,163
70$1,889,274$959,923$769,805$1,551,153
71$2,031,254$956,234$744,868$1,630,324
72$2,186,119$950,766$717,498$1,716,313
73$2,355,131$943,382$687,563$1,809,823
74$2,539,683$933,935$654,924$1,911,629
75$2,741,305$922,273$619,439$2,022,592
76$2,961,684$908,230$580,956$2,143,660
77$3,202,675$891,633$539,318$2,275,879
78$3,466,323$872,298$494,360$2,420,409
79$3,754,878$850,031$445,911$2,578,527
80$4,070,818$824,624$393,791$2,751,646
81$4,416,871$795,861$337,813$2,941,325
82$4,796,043$763,509$277,780$3,149,286
83$5,211,642$727,324$213,489$3,377,430
84$5,667,315$687,048$144,726$3,627,858
85$6,167,075$642,407$71,268$3,902,886
86$6,715,344$593,112$0$4,205,073
87$7,316,991$538,858$0$4,539,069
88$7,977,383$479,320$0$4,925,761
89$8,702,427$414,158$0$5,350,386
90$9,498,633$343,010$0$5,816,808
91$10,373,172$265,496$0$6,329,291
92$11,333,943$181,212$0$6,892,531
93$12,389,648$89,734$0$7,511,710
94$13,549,873$0$0$8,192,538
95$14,825,180$0$0$8,943,481
96$16,227,205$0$0$9,791,924
97$17,768,767$0$0$10,724,898
98$19,463,990$0$0$11,750,963
99$21,328,434$0$0$12,879,548
100$23,379,243$0$0$14,121,044