Can I retire at age 60 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$72,587$71,940$71,310$70,694$70,093$68,847
2 years$35,934$35,265$34,616$33,987$33,377$32,126
3 years$23,718$23,046$22,399$21,776$21,176$19,959
4 years$17,611$16,941$16,301$15,688$15,103$13,929
5 years$13,948$13,282$12,650$12,050$11,481$10,354
6 years$11,507$10,846$10,223$9,637$9,085$8,005
7 years$9,764$9,108$8,495$7,923$7,388$6,357
8 years$8,457$7,808$7,205$6,646$6,129$5,146
9 years$7,441$6,798$6,206$5,661$5,162$4,226
10 years$6,629$5,992$5,410$4,880$4,398$3,509
11 years$5,965$5,334$4,763$4,247$3,782$2,939
12 years$5,412$4,788$4,227$3,725$3,278$2,478
13 years$4,945$4,327$3,777$3,289$2,858$2,102
14 years$4,544$3,933$3,393$2,919$2,506$1,791
15 years$4,197$3,593$3,064$2,604$2,206$1,532
16 years$3,894$3,296$2,778$2,331$1,950$1,315
17 years$3,627$3,036$2,528$2,095$1,729$1,132
18 years$3,390$2,805$2,307$1,888$1,537$976
19 years$3,178$2,600$2,112$1,706$1,370$843
20 years$2,987$2,416$1,939$1,545$1,224$730
21 years$2,815$2,250$1,783$1,402$1,095$633
22 years$2,659$2,101$1,643$1,275$982$549
23 years$2,516$1,965$1,517$1,161$881$477
24 years$2,386$1,841$1,403$1,059$792$415
25 years$2,266$1,727$1,300$967$713$361
26 years$2,156$1,624$1,205$884$642$315
27 years$2,054$1,528$1,119$809$579$274
28 years$1,959$1,440$1,041$742$522$239
29 years$1,871$1,358$968$680$472$208
30 years$1,789$1,283$902$624$426$182
31 years$1,713$1,213$841$573$385$159
32 years$1,641$1,147$785$527$348$139
33 years$1,574$1,087$733$484$315$121
34 years$1,511$1,030$684$446$286$106
35 years$1,452$977$640$410$259$92
36 years$1,396$927$599$378$234$81
37 years$1,343$881$560$348$212$71
38 years$1,294$837$525$321$193$62
39 years$1,246$796$492$296$175$54
40 years$1,202$757$461$273$158$47
41 years$1,159$721$432$252$144$41
42 years$1,119$686$405$232$130$36
43 years$1,081$654$380$214$118$32
44 years$1,044$623$357$198$107$28
45 years$1,010$594$335$183$97$24
46 years$977$567$315$169$89$21
47 years$945$541$296$156$80$18
48 years$915$517$278$144$73$16
49 years$886$493$261$133$66$14
50 years$858$471$246$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $879,000, adding $3,377 every year, while hoping to spend $56,483 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: 76/13/11 Blend
59$879,000$879,000$879,000$879,000
60$972,141$925,554$911,930$1,043,773
61$1,011,202$910,809$882,382$1,076,686
62$1,052,354$893,448$849,951$1,105,263
63$1,095,751$873,284$814,481$1,134,998
64$1,141,560$850,117$775,809$1,165,984
65$1,189,965$823,738$733,764$1,198,328
66$1,241,163$793,923$688,166$1,232,146
67$1,295,372$760,436$638,831$1,267,566
68$1,352,831$723,029$585,563$1,304,732
69$1,413,799$681,436$528,158$1,343,801
70$1,478,559$635,379$466,404$1,384,950
71$1,547,422$584,562$400,079$1,428,374
72$1,620,728$528,675$328,950$1,474,287
73$1,698,848$467,386$252,776$1,522,930
74$1,782,190$400,347$171,303$1,574,566
75$1,871,200$327,190$84,268$1,629,491
76$1,966,366$247,526$0$1,688,028
77$2,068,224$160,944$0$1,751,550
78$2,177,363$67,011$0$1,830,065
79$2,294,427$0$0$1,914,150
80$2,420,123$0$0$2,009,299
81$2,555,227$0$0$2,121,897
82$2,700,592$0$0$2,243,071
83$2,857,153$0$0$2,373,604
84$3,025,938$0$0$2,514,356
85$3,208,076$0$0$2,666,272
86$3,404,806$0$0$2,830,391
87$3,617,493$0$0$3,007,852
88$3,847,634$0$0$3,199,911
89$4,096,875$0$0$3,407,945
90$4,367,028$0$0$3,633,471
91$4,660,083$0$0$3,878,154
92$4,978,230$0$0$4,143,828
93$5,323,877$0$0$4,432,510
94$5,699,672$0$0$4,746,416
95$6,108,530$0$0$5,087,987
96$6,553,657$0$0$5,459,907
97$7,038,583$0$0$5,865,131
98$7,567,189$0$0$6,306,910
99$8,143,749$0$0$6,788,822
100$8,772,967$0$0$7,314,804