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%19.6%
1 years$72,835$72,186$71,553$70,935$70,332$67,622
2 years$36,057$35,385$34,734$34,103$33,491$30,793
3 years$23,799$23,125$22,475$21,850$21,248$18,647
4 years$17,671$16,999$16,356$15,742$15,154$12,670
5 years$13,996$13,327$12,693$12,091$11,520$9,159
6 years$11,546$10,883$10,258$9,670$9,116$6,879
7 years$9,797$9,139$8,524$7,950$7,413$5,301
8 years$8,486$7,834$7,229$6,669$6,150$4,159
9 years$7,467$6,821$6,227$5,680$5,179$3,308
10 years$6,652$6,012$5,429$4,897$4,413$2,657
11 years$5,985$5,353$4,779$4,262$3,795$2,151
12 years$5,431$4,804$4,241$3,738$3,289$1,752
13 years$4,961$4,342$3,789$3,300$2,868$1,434
14 years$4,560$3,946$3,405$2,929$2,514$1,178
15 years$4,212$3,605$3,074$2,613$2,214$971
16 years$3,908$3,308$2,787$2,339$1,956$802
17 years$3,640$3,046$2,536$2,102$1,735$664
18 years$3,402$2,815$2,315$1,894$1,542$551
19 years$3,189$2,609$2,119$1,711$1,375$457
20 years$2,998$2,424$1,945$1,550$1,228$380
21 years$2,825$2,258$1,789$1,407$1,099$316
22 years$2,668$2,108$1,649$1,279$985$264
23 years$2,525$1,971$1,523$1,165$884$220
24 years$2,394$1,847$1,408$1,062$795$183
25 years$2,274$1,733$1,304$970$715$153
26 years$2,163$1,629$1,210$887$644$127
27 years$2,061$1,533$1,123$812$581$106
28 years$1,966$1,445$1,044$744$524$89
29 years$1,878$1,363$972$682$473$74
30 years$1,795$1,287$905$626$428$62
31 years$1,719$1,217$844$575$387$52
32 years$1,647$1,151$787$529$350$43
33 years$1,580$1,090$735$486$316$36
34 years$1,516$1,033$687$447$287$30
35 years$1,457$980$642$412$260$25
36 years$1,401$930$601$379$235$21
37 years$1,348$884$562$349$213$18
38 years$1,298$840$526$322$193$15
39 years$1,251$798$493$297$175$12
40 years$1,206$760$462$274$159$10
41 years$1,163$723$434$253$144$9
42 years$1,123$689$407$233$131$7
43 years$1,085$656$382$215$119$6
44 years$1,048$625$358$199$108$5
45 years$1,013$596$336$184$98$4
46 years$980$569$316$170$89$4
47 years$948$543$297$157$81$3
48 years$918$518$279$145$73$2
49 years$889$495$262$134$67$2
50 years$861$473$246$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $882,000, adding $2,080 every year, while hoping to spend $52,209 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: 55/36/9 Blend
59$882,000$882,000$882,000$882,000
60$974,110$927,364$913,693$1,025,440
61$1,017,919$917,254$888,751$1,050,283
62$1,064,447$904,900$861,225$1,071,392
63$1,113,915$890,135$830,971$1,093,124
64$1,166,568$872,785$797,842$1,115,547
65$1,222,671$852,665$761,683$1,138,736
66$1,282,516$829,578$722,331$1,162,781
67$1,346,421$803,316$679,618$1,187,780
68$1,414,737$773,659$633,366$1,213,847
69$1,487,847$740,375$583,391$1,241,108
70$1,566,172$703,218$529,499$1,269,708
71$1,650,173$661,927$471,488$1,299,809
72$1,740,355$616,226$409,148$1,331,595
73$1,837,275$565,825$342,258$1,365,272
74$1,941,543$510,416$270,589$1,401,072
75$2,053,826$449,672$193,900$1,439,256
76$2,174,861$383,251$111,941$1,480,116
77$2,305,456$310,789$24,449$1,523,981
78$2,446,497$231,903$0$1,571,218
79$2,598,960$146,186$0$1,628,857
80$2,763,915$53,211$0$1,693,675
81$2,942,542$0$0$1,763,867
82$3,136,136$0$0$1,858,843
83$3,346,119$0$0$1,984,792
84$3,574,059$0$0$2,121,583
85$3,821,678$0$0$2,270,258
86$4,090,870$0$0$2,431,965
87$4,383,721$0$0$2,607,965
88$4,702,523$0$0$2,799,647
89$5,049,800$0$0$3,008,539
90$5,428,330$0$0$3,236,324
91$5,841,168$0$0$3,484,851
92$6,291,679$0$0$3,756,158
93$6,783,566$0$0$4,052,488
94$7,320,904$0$0$4,376,309
95$7,908,182$0$0$4,730,340
96$8,550,339$0$0$5,117,572
97$9,252,814$0$0$5,541,302
98$10,021,598$0$0$6,005,157
99$10,863,286$0$0$6,513,133
100$11,785,139$0$0$7,069,628