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%11.6%
1 years$72,422$71,777$71,147$70,533$69,933$69,463
2 years$35,852$35,185$34,538$33,910$33,302$32,828
3 years$23,664$22,994$22,348$21,727$21,128$20,665
4 years$17,571$16,903$16,264$15,653$15,069$14,620
5 years$13,916$13,252$12,621$12,023$11,455$11,021
6 years$11,481$10,821$10,200$9,615$9,064$8,647
7 years$9,742$9,088$8,476$7,905$7,371$6,970
8 years$8,438$7,790$7,188$6,631$6,115$5,731
9 years$7,424$6,782$6,191$5,648$5,150$4,781
10 years$6,614$5,978$5,398$4,869$4,388$4,036
11 years$5,951$5,322$4,752$4,237$3,774$3,437
12 years$5,400$4,777$4,217$3,717$3,270$2,949
13 years$4,933$4,317$3,768$3,281$2,852$2,546
14 years$4,534$3,924$3,386$2,913$2,500$2,209
15 years$4,188$3,585$3,057$2,598$2,201$1,924
16 years$3,885$3,289$2,771$2,326$1,945$1,682
17 years$3,619$3,029$2,522$2,090$1,725$1,476
18 years$3,382$2,799$2,302$1,883$1,534$1,297
19 years$3,171$2,594$2,107$1,702$1,367$1,143
20 years$2,981$2,410$1,934$1,541$1,221$1,010
21 years$2,809$2,245$1,779$1,399$1,093$893
22 years$2,653$2,096$1,640$1,272$979$791
23 years$2,511$1,960$1,514$1,158$879$702
24 years$2,381$1,837$1,400$1,056$790$623
25 years$2,261$1,724$1,297$965$711$554
26 years$2,151$1,620$1,203$882$641$493
27 years$2,049$1,524$1,117$807$577$439
28 years$1,955$1,436$1,038$740$521$391
29 years$1,867$1,355$966$678$471$349
30 years$1,785$1,280$900$623$425$311
31 years$1,709$1,210$839$572$384$278
32 years$1,638$1,145$783$526$348$248
33 years$1,571$1,084$731$483$315$221
34 years$1,508$1,027$683$445$285$198
35 years$1,449$975$638$409$258$177
36 years$1,393$925$597$377$234$158
37 years$1,340$879$559$347$212$141
38 years$1,291$835$524$320$192$126
39 years$1,244$794$490$295$174$113
40 years$1,199$755$460$272$158$101
41 years$1,157$719$431$251$143$91
42 years$1,117$685$404$232$130$81
43 years$1,078$652$379$214$118$73
44 years$1,042$622$356$198$107$65
45 years$1,007$593$334$182$97$58
46 years$974$566$314$169$88$52
47 years$943$540$295$156$80$47
48 years$913$515$277$144$73$42
49 years$884$492$261$133$66$37
50 years$856$470$245$123$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $877,000, adding $5,479 every year, while hoping to spend $42,191 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: 31/48/21 Blend
59$877,000$877,000$877,000$877,000
60$972,106$925,625$912,031$995,752
61$1,026,369$926,089$897,693$1,014,555
62$1,084,754$925,163$881,461$1,030,599
63$1,147,636$922,732$863,226$1,046,989
64$1,215,426$918,678$842,876$1,063,784
65$1,288,580$912,873$820,293$1,081,046
66$1,367,594$905,183$795,352$1,098,854
67$1,453,016$895,465$767,924$1,117,292
68$1,545,449$883,567$737,874$1,136,462
69$1,645,552$869,329$705,060$1,156,478
70$1,754,054$852,582$669,335$1,177,471
71$1,871,753$833,145$630,544$1,199,589
72$1,999,530$810,826$588,525$1,223,003
73$2,138,351$785,426$543,109$1,247,904
74$2,289,279$756,729$494,120$1,274,510
75$2,453,487$724,509$441,374$1,303,068
76$2,632,261$688,528$384,678$1,333,854
77$2,827,017$648,532$323,831$1,367,182
78$3,039,317$604,254$258,623$1,403,405
79$3,270,875$555,411$188,835$1,442,918
80$3,523,581$501,702$114,238$1,486,168
81$3,799,514$442,813$34,592$1,533,653
82$4,100,963$378,410$0$1,585,933
83$4,430,447$308,138$0$1,654,929
84$4,790,741$231,625$0$1,739,054
85$5,184,899$148,477$0$1,831,392
86$5,616,284$58,278$0$1,932,885
87$6,088,601$0$0$2,044,574
88$6,605,927$0$0$2,188,435
89$7,172,753$0$0$2,379,923
90$7,794,025$0$0$2,589,944
91$8,475,191$0$0$2,820,355
92$9,222,251$0$0$3,073,205
93$10,041,812$0$0$3,350,749
94$10,941,154$0$0$3,655,470
95$11,928,293$0$0$3,990,106
96$13,012,062$0$0$4,357,671
97$14,202,188$0$0$4,761,485
98$15,509,388$0$0$5,205,207
99$16,945,468$0$0$5,692,868
100$18,523,433$0$0$6,228,907