Can I retire at age 60 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$73,578$72,923$72,283$71,659$71,050$70,075
2 years$36,425$35,746$35,089$34,451$33,833$32,853
3 years$24,042$23,361$22,705$22,073$21,465$20,510
4 years$17,852$17,173$16,523$15,903$15,309$14,386
5 years$14,139$13,463$12,823$12,215$11,638$10,749
6 years$11,664$10,994$10,363$9,768$9,209$8,356
7 years$9,897$9,233$8,611$8,031$7,489$6,673
8 years$8,573$7,914$7,303$6,737$6,213$5,433
9 years$7,543$6,891$6,290$5,738$5,232$4,488
10 years$6,720$6,074$5,484$4,947$4,458$3,749
11 years$6,046$5,407$4,828$4,305$3,834$3,160
12 years$5,486$4,853$4,285$3,776$3,323$2,682
13 years$5,012$4,386$3,828$3,334$2,897$2,290
14 years$4,606$3,987$3,440$2,959$2,540$1,965
15 years$4,255$3,642$3,105$2,639$2,236$1,692
16 years$3,947$3,341$2,816$2,363$1,976$1,462
17 years$3,677$3,077$2,562$2,123$1,752$1,267
18 years$3,436$2,843$2,339$1,913$1,558$1,101
19 years$3,221$2,635$2,141$1,729$1,389$958
20 years$3,028$2,449$1,965$1,566$1,240$836
21 years$2,854$2,281$1,807$1,421$1,110$730
22 years$2,695$2,129$1,666$1,292$995$638
23 years$2,551$1,991$1,538$1,177$893$559
24 years$2,419$1,866$1,422$1,073$803$490
25 years$2,297$1,751$1,317$980$722$430
26 years$2,185$1,646$1,222$896$651$377
27 years$2,082$1,549$1,135$820$587$331
28 years$1,986$1,459$1,055$752$529$291
29 years$1,897$1,377$982$689$478$256
30 years$1,814$1,300$914$633$432$225
31 years$1,736$1,229$852$581$391$198
32 years$1,664$1,163$795$534$353$175
33 years$1,596$1,101$743$491$320$154
34 years$1,532$1,044$694$452$289$135
35 years$1,472$990$649$416$262$119
36 years$1,415$940$607$383$238$105
37 years$1,362$893$568$353$215$93
38 years$1,311$848$532$325$195$82
39 years$1,263$807$498$300$177$72
40 years$1,218$767$467$277$161$64
41 years$1,175$730$438$255$146$56
42 years$1,134$696$411$236$132$49
43 years$1,096$663$385$217$120$44
44 years$1,059$632$362$201$109$38
45 years$1,023$603$340$185$99$34
46 years$990$575$319$171$90$30
47 years$958$549$300$158$81$26
48 years$927$524$282$146$74$23
49 years$898$500$265$135$67$21
50 years$870$478$249$125$61$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $891,000, adding $5,243 every year, while hoping to spend $51,211 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: 35/48/17 Blend
59$891,000$891,000$891,000$891,000
60$987,290$940,067$926,257$1,016,528
61$1,033,506$931,642$902,798$1,029,878
62$1,082,719$921,088$876,837$1,039,095
63$1,135,181$908,247$848,237$1,047,954
64$1,191,168$892,950$816,851$1,056,450
65$1,250,983$875,019$782,531$1,064,585
66$1,314,955$854,267$745,118$1,072,363
67$1,383,448$830,494$704,447$1,079,795
68$1,456,860$803,489$660,346$1,086,898
69$1,535,628$773,028$612,636$1,093,697
70$1,620,230$738,874$561,127$1,100,224
71$1,711,193$700,778$505,624$1,106,522
72$1,809,093$658,475$445,921$1,112,644
73$1,914,565$611,684$381,804$1,118,656
74$2,028,305$560,111$313,048$1,124,639
75$2,151,077$503,442$239,421$1,130,689
76$2,283,723$441,347$160,678$1,136,921
77$2,427,165$373,475$76,563$1,143,472
78$2,582,420$299,459$0$1,150,499
79$2,750,603$218,908$0$1,160,583
80$2,932,940$131,411$0$1,186,522
81$3,130,782$36,532$0$1,214,713
82$3,345,612$0$0$1,245,499
83$3,579,063$0$0$1,314,222
84$3,832,931$0$0$1,410,053
85$4,109,189$0$0$1,514,454
86$4,410,014$0$0$1,628,263
87$4,737,795$0$0$1,752,399
88$5,095,166$0$0$1,887,875
89$5,485,024$0$0$2,035,807
90$5,910,556$0$0$2,197,422
91$6,375,274$0$0$2,374,072
92$6,883,041$0$0$2,567,245
93$7,438,112$0$0$2,778,578
94$8,045,169$0$0$3,009,875
95$8,709,369$0$0$3,263,123
96$9,436,391$0$0$3,540,509
97$10,232,487$0$0$3,844,441
98$11,104,543$0$0$4,177,573
99$12,060,142$0$0$4,542,826
100$13,107,634$0$0$4,943,417