Can I retire at age 60 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$74,239$73,577$72,932$72,302$71,688$69,172
2 years$36,752$36,067$35,404$34,761$34,137$31,628
3 years$24,258$23,570$22,909$22,272$21,658$19,236
4 years$18,012$17,327$16,672$16,045$15,447$13,129
5 years$14,266$13,584$12,938$12,324$11,742$9,536
6 years$11,769$11,093$10,456$9,856$9,291$7,198
7 years$9,986$9,316$8,689$8,103$7,556$5,575
8 years$8,650$7,985$7,369$6,797$6,269$4,398
9 years$7,611$6,953$6,347$5,790$5,279$3,517
10 years$6,780$6,128$5,533$4,991$4,498$2,841
11 years$6,101$5,456$4,871$4,344$3,868$2,314
12 years$5,535$4,897$4,323$3,810$3,352$1,896
13 years$5,057$4,425$3,862$3,364$2,923$1,561
14 years$4,647$4,022$3,470$2,986$2,563$1,291
15 years$4,293$3,675$3,133$2,663$2,256$1,070
16 years$3,983$3,371$2,841$2,384$1,994$890
17 years$3,710$3,105$2,585$2,142$1,768$742
18 years$3,467$2,869$2,360$1,931$1,572$619
19 years$3,250$2,659$2,160$1,744$1,401$518
20 years$3,055$2,471$1,983$1,580$1,252$434
21 years$2,879$2,302$1,824$1,434$1,120$363
22 years$2,719$2,148$1,681$1,304$1,004$305
23 years$2,574$2,009$1,552$1,187$901$256
24 years$2,440$1,883$1,435$1,083$810$215
25 years$2,318$1,767$1,329$989$729$181
26 years$2,205$1,660$1,233$904$657$152
27 years$2,100$1,563$1,145$828$592$128
28 years$2,004$1,473$1,064$758$534$107
29 years$1,914$1,389$990$695$482$90
30 years$1,830$1,312$923$638$436$76
31 years$1,752$1,240$860$586$394$64
32 years$1,679$1,173$802$539$356$54
33 years$1,610$1,111$749$495$323$45
34 years$1,546$1,053$700$456$292$38
35 years$1,485$999$654$420$265$32
36 years$1,428$948$612$386$240$27
37 years$1,374$901$573$356$217$23
38 years$1,323$856$537$328$197$19
39 years$1,275$814$503$303$179$16
40 years$1,229$774$471$279$162$14
41 years$1,186$737$442$258$147$11
42 years$1,145$702$415$238$133$10
43 years$1,105$669$389$219$121$8
44 years$1,068$638$365$203$110$7
45 years$1,033$608$343$187$100$6
46 years$999$580$322$173$91$5
47 years$966$553$302$160$82$4
48 years$936$528$284$148$75$3
49 years$906$505$267$136$68$3
50 years$878$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $899,000, adding $4,434 every year, while hoping to spend $51,586 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: 40/38/22 Blend
59$899,000$899,000$899,000$899,000
60$995,272$947,625$933,690$1,028,446
61$1,041,902$939,171$910,082$1,044,234
62$1,091,560$928,575$883,953$1,056,074
63$1,144,500$915,675$855,166$1,067,842
64$1,201,000$900,304$823,575$1,079,560
65$1,261,365$882,283$789,029$1,091,257
66$1,325,931$861,421$751,367$1,102,969
67$1,395,063$837,517$710,425$1,114,740
68$1,469,164$810,360$666,029$1,126,623
69$1,548,675$779,724$617,997$1,138,682
70$1,634,081$745,372$566,141$1,150,992
71$1,725,912$707,050$510,262$1,163,643
72$1,824,752$664,493$450,153$1,176,738
73$1,931,242$617,418$385,599$1,190,399
74$2,046,086$565,529$316,373$1,204,766
75$2,170,057$508,509$242,241$1,220,000
76$2,304,003$446,027$162,957$1,236,289
77$2,448,859$377,730$78,263$1,253,843
78$2,605,650$303,246$0$1,272,909
79$2,775,505$222,183$0$1,296,606
80$2,959,663$134,127$0$1,342,197
81$3,159,489$38,640$0$1,391,716
82$3,376,482$0$0$1,445,641
83$3,612,292$0$0$1,531,574
84$3,868,734$0$0$1,642,701
85$4,147,805$0$0$1,763,743
86$4,451,702$0$0$1,895,665
87$4,782,842$0$0$2,039,532
88$5,143,886$0$0$2,196,515
89$5,537,762$0$0$2,367,902
90$5,967,693$0$0$2,555,112
91$6,437,227$0$0$2,759,706
92$6,950,270$0$0$2,983,403
93$7,511,121$0$0$3,228,098
94$8,124,515$0$0$3,495,874
95$8,795,663$0$0$3,789,025
96$9,530,306$0$0$4,110,080
97$10,334,763$0$0$4,461,822
98$11,215,994$0$0$4,847,316
99$12,181,664$0$0$5,269,938
100$13,240,214$0$0$5,733,405