Can I retire at age 60 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$72,835$72,186$71,553$70,935$70,332$68,827
2 years$36,057$35,385$34,734$34,103$33,491$31,983
3 years$23,799$23,125$22,475$21,850$21,248$19,783
4 years$17,671$16,999$16,356$15,742$15,154$13,744
5 years$13,996$13,327$12,693$12,091$11,520$10,168
6 years$11,546$10,883$10,258$9,670$9,116$7,823
7 years$9,797$9,139$8,524$7,950$7,413$6,181
8 years$8,486$7,834$7,229$6,669$6,150$4,977
9 years$7,467$6,821$6,227$5,680$5,179$4,065
10 years$6,652$6,012$5,429$4,897$4,413$3,357
11 years$5,985$5,353$4,779$4,262$3,795$2,796
12 years$5,431$4,804$4,241$3,738$3,289$2,344
13 years$4,961$4,342$3,789$3,300$2,868$1,976
14 years$4,560$3,946$3,405$2,929$2,514$1,674
15 years$4,212$3,605$3,074$2,613$2,214$1,423
16 years$3,908$3,308$2,787$2,339$1,956$1,213
17 years$3,640$3,046$2,536$2,102$1,735$1,037
18 years$3,402$2,815$2,315$1,894$1,542$889
19 years$3,189$2,609$2,119$1,711$1,375$763
20 years$2,998$2,424$1,945$1,550$1,228$656
21 years$2,825$2,258$1,789$1,407$1,099$565
22 years$2,668$2,108$1,649$1,279$985$487
23 years$2,525$1,971$1,523$1,165$884$420
24 years$2,394$1,847$1,408$1,062$795$363
25 years$2,274$1,733$1,304$970$715$313
26 years$2,163$1,629$1,210$887$644$271
27 years$2,061$1,533$1,123$812$581$234
28 years$1,966$1,445$1,044$744$524$203
29 years$1,878$1,363$972$682$473$176
30 years$1,795$1,287$905$626$428$152
31 years$1,719$1,217$844$575$387$132
32 years$1,647$1,151$787$529$350$114
33 years$1,580$1,090$735$486$316$99
34 years$1,516$1,033$687$447$287$86
35 years$1,457$980$642$412$260$74
36 years$1,401$930$601$379$235$65
37 years$1,348$884$562$349$213$56
38 years$1,298$840$526$322$193$49
39 years$1,251$798$493$297$175$42
40 years$1,206$760$462$274$159$37
41 years$1,163$723$434$253$144$32
42 years$1,123$689$407$233$131$28
43 years$1,085$656$382$215$119$24
44 years$1,048$625$358$199$108$21
45 years$1,013$596$336$184$98$18
46 years$980$569$316$170$89$16
47 years$948$543$297$157$81$14
48 years$918$518$279$145$73$12
49 years$889$495$262$134$67$10
50 years$861$473$246$124$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $882,000, adding $4,818 every year, while hoping to spend $32,644 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: 43/47/10 Blend
59$882,000$882,000$882,000$882,000
60$976,934$930,188$916,517$1,015,913
61$1,041,848$941,034$912,487$1,054,393
62$1,112,289$951,318$907,228$1,092,376
63$1,188,787$960,977$900,665$1,132,789
64$1,271,924$969,945$892,718$1,175,866
65$1,362,340$978,152$883,303$1,221,868
66$1,460,739$985,522$872,335$1,271,082
67$1,567,898$991,976$859,721$1,323,829
68$1,684,669$997,428$845,367$1,380,459
69$1,811,992$1,001,788$829,173$1,441,364
70$1,950,899$1,004,960$811,034$1,506,974
71$2,102,528$1,006,840$790,842$1,577,766
72$2,268,131$1,007,321$768,480$1,654,270
73$2,449,087$1,006,286$743,831$1,737,069
74$2,646,914$1,003,614$716,769$1,826,807
75$2,863,281$999,173$687,163$1,924,201
76$3,100,028$992,825$654,876$2,030,038
77$3,359,182$984,425$619,765$2,145,193
78$3,642,972$973,815$581,681$2,270,629
79$3,953,856$960,832$540,467$2,407,414
80$4,294,537$945,301$495,961$2,556,726
81$4,667,996$927,037$447,991$2,719,869
82$5,077,513$905,843$396,380$2,898,283
83$5,526,702$881,512$340,942$3,093,558
84$6,019,544$853,824$281,482$3,307,452
85$6,560,422$822,547$217,797$3,541,907
86$7,154,168$787,434$149,675$3,799,069
87$7,806,100$748,225$76,896$4,081,307
88$8,522,078$704,645$0$4,391,240
89$9,308,559$656,401$0$4,731,838
90$10,172,653$603,186$0$5,114,975
91$11,122,196$544,674$0$5,535,988
92$12,165,817$480,520$0$5,998,797
93$13,313,027$410,362$0$6,507,729
94$14,574,300$333,814$0$7,067,558
95$15,961,179$250,471$0$7,683,553
96$17,486,378$159,904$0$8,361,527
97$19,163,909$61,659$0$9,107,897
98$21,009,206$0$0$9,929,740
99$23,039,276$0$0$10,858,007
100$25,272,858$0$0$11,914,541