Can I retire at age 60 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$72,422$71,777$71,147$70,533$69,933$67,185
2 years$35,852$35,185$34,538$33,910$33,302$30,566
3 years$23,664$22,994$22,348$21,727$21,128$18,492
4 years$17,571$16,903$16,264$15,653$15,069$12,552
5 years$13,916$13,252$12,621$12,023$11,455$9,064
6 years$11,481$10,821$10,200$9,615$9,064$6,800
7 years$9,742$9,088$8,476$7,905$7,371$5,234
8 years$8,438$7,790$7,188$6,631$6,115$4,102
9 years$7,424$6,782$6,191$5,648$5,150$3,258
10 years$6,614$5,978$5,398$4,869$4,388$2,614
11 years$5,951$5,322$4,752$4,237$3,774$2,113
12 years$5,400$4,777$4,217$3,717$3,270$1,719
13 years$4,933$4,317$3,768$3,281$2,852$1,405
14 years$4,534$3,924$3,386$2,913$2,500$1,152
15 years$4,188$3,585$3,057$2,598$2,201$948
16 years$3,885$3,289$2,771$2,326$1,945$782
17 years$3,619$3,029$2,522$2,090$1,725$647
18 years$3,382$2,799$2,302$1,883$1,534$536
19 years$3,171$2,594$2,107$1,702$1,367$444
20 years$2,981$2,410$1,934$1,541$1,221$369
21 years$2,809$2,245$1,779$1,399$1,093$306
22 years$2,653$2,096$1,640$1,272$979$255
23 years$2,511$1,960$1,514$1,158$879$212
24 years$2,381$1,837$1,400$1,056$790$176
25 years$2,261$1,724$1,297$965$711$147
26 years$2,151$1,620$1,203$882$641$122
27 years$2,049$1,524$1,117$807$577$102
28 years$1,955$1,436$1,038$740$521$85
29 years$1,867$1,355$966$678$471$71
30 years$1,785$1,280$900$623$425$59
31 years$1,709$1,210$839$572$384$49
32 years$1,638$1,145$783$526$348$41
33 years$1,571$1,084$731$483$315$34
34 years$1,508$1,027$683$445$285$29
35 years$1,449$975$638$409$258$24
36 years$1,393$925$597$377$234$20
37 years$1,340$879$559$347$212$17
38 years$1,291$835$524$320$192$14
39 years$1,244$794$490$295$174$12
40 years$1,199$755$460$272$158$10
41 years$1,157$719$431$251$143$8
42 years$1,117$685$404$232$130$7
43 years$1,078$652$379$214$118$6
44 years$1,042$622$356$198$107$5
45 years$1,007$593$334$182$97$4
46 years$974$566$314$169$88$3
47 years$943$540$295$156$80$3
48 years$913$515$277$144$73$2
49 years$884$492$261$133$66$2
50 years$856$470$245$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $877,000, adding $2,874 every year, while hoping to spend $23,679 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: 71/8/21 Blend
59$877,000$877,000$877,000$877,000
60$969,419$922,938$909,344$1,033,058
61$1,043,105$942,967$914,613$1,095,884
62$1,123,514$963,185$919,264$1,161,569
63$1,211,306$983,574$923,253$1,232,905
64$1,307,208$1,004,118$926,531$1,310,446
65$1,412,021$1,024,798$929,048$1,394,809
66$1,526,627$1,045,593$930,751$1,486,668
67$1,651,996$1,066,480$931,584$1,586,770
68$1,789,196$1,087,435$931,489$1,695,936
69$1,939,405$1,108,430$930,405$1,815,071
70$2,103,919$1,129,437$928,267$1,945,174
71$2,284,163$1,150,424$925,009$2,087,342
72$2,481,710$1,171,357$920,559$2,242,788
73$2,698,291$1,192,200$914,844$2,412,847
74$2,935,811$1,212,912$907,786$2,598,990
75$3,196,371$1,233,452$899,304$2,802,839
76$3,482,282$1,253,773$889,313$3,026,181
77$3,796,093$1,273,826$877,723$3,270,986
78$4,140,610$1,293,558$864,441$3,539,424
79$4,518,922$1,312,913$849,370$3,833,888
80$4,934,435$1,331,828$832,407$4,157,016
81$5,390,900$1,350,240$813,445$4,511,712
82$5,892,448$1,368,079$792,372$4,901,180
83$6,443,633$1,385,270$769,071$5,328,950
84$7,049,468$1,401,732$743,420$5,798,913
85$7,715,478$1,417,382$715,289$6,315,356
86$8,447,752$1,432,128$684,546$6,883,005
87$9,252,993$1,445,873$651,049$7,507,070
88$10,138,592$1,458,515$614,653$8,193,290
89$11,112,689$1,469,942$575,204$8,947,992
90$12,184,252$1,480,038$532,542$9,778,151
91$13,363,163$1,488,678$486,500$10,691,450
92$14,660,312$1,495,729$436,903$11,696,360
93$16,087,693$1,501,049$383,570$12,802,216
94$17,658,527$1,504,490$326,308$14,019,307
95$19,387,377$1,505,890$264,920$15,358,972
96$21,290,292$1,505,081$199,197$16,833,709
97$23,384,954$1,501,883$128,923$18,457,290
98$25,690,849$1,496,104$53,870$20,244,896
99$28,229,444$1,487,541$0$22,213,256
100$31,024,396$1,475,980$0$24,386,685