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%13.2%
1 years$73,578$72,923$72,283$71,659$71,050$70,104
2 years$36,425$35,746$35,089$34,451$33,833$32,882
3 years$24,042$23,361$22,705$22,073$21,465$20,538
4 years$17,852$17,173$16,523$15,903$15,309$14,413
5 years$14,139$13,463$12,823$12,215$11,638$10,775
6 years$11,664$10,994$10,363$9,768$9,209$8,381
7 years$9,897$9,233$8,611$8,031$7,489$6,696
8 years$8,573$7,914$7,303$6,737$6,213$5,455
9 years$7,543$6,891$6,290$5,738$5,232$4,509
10 years$6,720$6,074$5,484$4,947$4,458$3,769
11 years$6,046$5,407$4,828$4,305$3,834$3,179
12 years$5,486$4,853$4,285$3,776$3,323$2,700
13 years$5,012$4,386$3,828$3,334$2,897$2,307
14 years$4,606$3,987$3,440$2,959$2,540$1,980
15 years$4,255$3,642$3,105$2,639$2,236$1,707
16 years$3,947$3,341$2,816$2,363$1,976$1,476
17 years$3,677$3,077$2,562$2,123$1,752$1,280
18 years$3,436$2,843$2,339$1,913$1,558$1,113
19 years$3,221$2,635$2,141$1,729$1,389$969
20 years$3,028$2,449$1,965$1,566$1,240$846
21 years$2,854$2,281$1,807$1,421$1,110$739
22 years$2,695$2,129$1,666$1,292$995$647
23 years$2,551$1,991$1,538$1,177$893$567
24 years$2,419$1,866$1,422$1,073$803$497
25 years$2,297$1,751$1,317$980$722$437
26 years$2,185$1,646$1,222$896$651$384
27 years$2,082$1,549$1,135$820$587$337
28 years$1,986$1,459$1,055$752$529$297
29 years$1,897$1,377$982$689$478$261
30 years$1,814$1,300$914$633$432$230
31 years$1,736$1,229$852$581$391$203
32 years$1,664$1,163$795$534$353$178
33 years$1,596$1,101$743$491$320$157
34 years$1,532$1,044$694$452$289$139
35 years$1,472$990$649$416$262$122
36 years$1,415$940$607$383$238$108
37 years$1,362$893$568$353$215$95
38 years$1,311$848$532$325$195$84
39 years$1,263$807$498$300$177$74
40 years$1,218$767$467$277$161$65
41 years$1,175$730$438$255$146$58
42 years$1,134$696$411$236$132$51
43 years$1,096$663$385$217$120$45
44 years$1,059$632$362$201$109$40
45 years$1,023$603$340$185$99$35
46 years$990$575$319$171$90$31
47 years$958$549$300$158$81$27
48 years$927$524$282$146$74$24
49 years$898$500$265$135$67$21
50 years$870$478$249$125$61$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $891,000, adding $6,069 every year, while hoping to spend $38,676 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: 81/12/7 Blend
59$891,000$891,000$891,000$891,000
60$988,142$940,919$927,109$1,066,981
61$1,047,782$945,873$917,016$1,124,417
62$1,112,208$949,774$905,289$1,181,686
63$1,181,869$952,528$891,832$1,243,361
64$1,257,256$954,039$876,544$1,309,863
65$1,338,910$954,201$859,322$1,381,653
66$1,427,425$952,903$840,056$1,459,239
67$1,523,456$950,028$818,631$1,543,183
68$1,627,719$945,450$794,926$1,634,102
69$1,741,007$939,038$768,817$1,732,675
70$1,864,190$930,651$740,172$1,839,653
71$1,998,223$920,138$708,853$1,955,860
72$2,144,160$907,343$674,718$2,082,207
73$2,303,159$892,098$637,616$2,219,696
74$2,476,496$874,225$597,391$2,369,430
75$2,665,573$853,537$553,878$2,532,628
76$2,871,934$829,833$506,906$2,710,630
77$3,097,281$802,904$456,296$2,904,915
78$3,343,484$772,526$401,862$3,117,112
79$3,612,603$738,464$343,409$3,349,016
80$3,906,907$700,467$280,731$3,602,606
81$4,228,893$658,272$213,618$3,880,063
82$4,581,312$611,599$141,845$4,183,791
83$4,967,191$560,153$65,182$4,516,437
84$5,389,865$503,621$0$4,880,924
85$5,853,006$441,673$0$5,281,711
86$6,360,660$373,962$0$5,726,379
87$6,917,279$300,118$0$6,213,986
88$7,527,770$219,753$0$6,748,859
89$8,197,537$132,455$0$7,335,773
90$8,932,530$37,790$0$7,979,984
91$9,739,307$0$0$8,687,286
92$10,625,088$0$0$9,472,609
93$11,597,828$0$0$10,340,532
94$12,666,291$0$0$11,293,888
95$13,840,130$0$0$12,341,293
96$15,129,980$0$0$13,492,239
97$16,547,556$0$0$14,757,184
98$18,105,766$0$0$16,147,648
99$19,818,830$0$0$17,676,324
100$21,702,413$0$0$19,357,197