Can I retire at age 60 with 877,000?

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 $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%19.4%
1 years$72,422$71,777$71,147$70,533$69,933$67,291
2 years$35,852$35,185$34,538$33,910$33,302$30,671
3 years$23,664$22,994$22,348$21,727$21,128$18,591
4 years$17,571$16,903$16,264$15,653$15,069$12,644
5 years$13,916$13,252$12,621$12,023$11,455$9,150
6 years$11,481$10,821$10,200$9,615$9,064$6,880
7 years$9,742$9,088$8,476$7,905$7,371$5,308
8 years$8,438$7,790$7,188$6,631$6,115$4,170
9 years$7,424$6,782$6,191$5,648$5,150$3,320
10 years$6,614$5,978$5,398$4,869$4,388$2,670
11 years$5,951$5,322$4,752$4,237$3,774$2,164
12 years$5,400$4,777$4,217$3,717$3,270$1,765
13 years$4,933$4,317$3,768$3,281$2,852$1,447
14 years$4,534$3,924$3,386$2,913$2,500$1,190
15 years$4,188$3,585$3,057$2,598$2,201$982
16 years$3,885$3,289$2,771$2,326$1,945$813
17 years$3,619$3,029$2,522$2,090$1,725$674
18 years$3,382$2,799$2,302$1,883$1,534$560
19 years$3,171$2,594$2,107$1,702$1,367$465
20 years$2,981$2,410$1,934$1,541$1,221$388
21 years$2,809$2,245$1,779$1,399$1,093$323
22 years$2,653$2,096$1,640$1,272$979$269
23 years$2,511$1,960$1,514$1,158$879$225
24 years$2,381$1,837$1,400$1,056$790$188
25 years$2,261$1,724$1,297$965$711$157
26 years$2,151$1,620$1,203$882$641$131
27 years$2,049$1,524$1,117$807$577$110
28 years$1,955$1,436$1,038$740$521$92
29 years$1,867$1,355$966$678$471$77
30 years$1,785$1,280$900$623$425$64
31 years$1,709$1,210$839$572$384$54
32 years$1,638$1,145$783$526$348$45
33 years$1,571$1,084$731$483$315$38
34 years$1,508$1,027$683$445$285$32
35 years$1,449$975$638$409$258$26
36 years$1,393$925$597$377$234$22
37 years$1,340$879$559$347$212$19
38 years$1,291$835$524$320$192$15
39 years$1,244$794$490$295$174$13
40 years$1,199$755$460$272$158$11
41 years$1,157$719$431$251$143$9
42 years$1,117$685$404$232$130$8
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$4
47 years$943$540$295$156$80$3
48 years$913$515$277$144$73$3
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 $2,630 every year, while hoping to spend $42,223 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: 59/11/30 Blend
59$877,000$877,000$877,000$877,000
60$969,167$922,686$909,092$1,018,261
61$1,023,097$922,973$894,622$1,052,474
62$1,081,113$921,858$878,252$1,085,097
63$1,143,586$919,229$859,873$1,119,825
64$1,210,927$914,966$839,374$1,156,875
65$1,283,583$908,941$816,634$1,196,486
66$1,362,047$901,018$791,531$1,238,926
67$1,446,863$891,055$763,934$1,284,490
68$1,538,625$878,899$733,708$1,333,507
69$1,637,989$864,389$700,711$1,386,339
70$1,745,675$847,354$664,795$1,443,390
71$1,862,473$827,614$625,805$1,505,105
72$1,989,255$804,977$583,580$1,571,978
73$2,126,978$779,241$537,949$1,644,556
74$2,276,696$750,190$488,737$1,723,444
75$2,439,568$717,597$435,758$1,809,313
76$2,616,868$681,223$378,819$1,902,904
77$2,809,998$640,814$317,720$2,005,037
78$3,020,504$596,100$252,250$2,116,621
79$3,250,084$546,797$182,189$2,238,659
80$3,500,608$492,605$107,307$2,372,262
81$3,774,134$433,207$27,366$2,518,656
82$4,072,929$368,267$0$2,679,200
83$4,399,486$297,431$0$2,873,942
84$4,756,553$220,324$0$3,096,546
85$5,147,152$136,551$0$3,340,162
86$5,574,614$45,694$0$3,606,907
87$6,042,603$0$0$3,899,112
88$6,555,159$0$0$4,225,725
89$7,116,725$0$0$4,589,701
90$7,732,199$0$0$4,988,690
91$8,406,973$0$0$5,426,197
92$9,146,985$0$0$5,906,083
93$9,958,777$0$0$6,432,600
94$10,849,555$0$0$7,010,430
95$11,827,253$0$0$7,644,732
96$12,900,615$0$0$8,341,190
97$14,079,270$0$0$9,106,061
98$15,373,825$0$0$9,946,243
99$16,795,967$0$0$10,869,332
100$18,358,568$0$0$11,883,696