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%12.1%
1 years$74,239$73,577$72,932$72,302$71,688$71,057
2 years$36,752$36,067$35,404$34,761$34,137$33,502
3 years$24,258$23,570$22,909$22,272$21,658$21,038
4 years$18,012$17,327$16,672$16,045$15,447$14,846
5 years$14,266$13,584$12,938$12,324$11,742$11,163
6 years$11,769$11,093$10,456$9,856$9,291$8,734
7 years$9,986$9,316$8,689$8,103$7,556$7,021
8 years$8,650$7,985$7,369$6,797$6,269$5,756
9 years$7,611$6,953$6,347$5,790$5,279$4,789
10 years$6,780$6,128$5,533$4,991$4,498$4,030
11 years$6,101$5,456$4,871$4,344$3,868$3,422
12 years$5,535$4,897$4,323$3,810$3,352$2,927
13 years$5,057$4,425$3,862$3,364$2,923$2,518
14 years$4,647$4,022$3,470$2,986$2,563$2,177
15 years$4,293$3,675$3,133$2,663$2,256$1,891
16 years$3,983$3,371$2,841$2,384$1,994$1,648
17 years$3,710$3,105$2,585$2,142$1,768$1,440
18 years$3,467$2,869$2,360$1,931$1,572$1,262
19 years$3,250$2,659$2,160$1,744$1,401$1,108
20 years$3,055$2,471$1,983$1,580$1,252$975
21 years$2,879$2,302$1,824$1,434$1,120$859
22 years$2,719$2,148$1,681$1,304$1,004$758
23 years$2,574$2,009$1,552$1,187$901$670
24 years$2,440$1,883$1,435$1,083$810$593
25 years$2,318$1,767$1,329$989$729$525
26 years$2,205$1,660$1,233$904$657$465
27 years$2,100$1,563$1,145$828$592$412
28 years$2,004$1,473$1,064$758$534$366
29 years$1,914$1,389$990$695$482$325
30 years$1,830$1,312$923$638$436$289
31 years$1,752$1,240$860$586$394$257
32 years$1,679$1,173$802$539$356$228
33 years$1,610$1,111$749$495$323$203
34 years$1,546$1,053$700$456$292$181
35 years$1,485$999$654$420$265$161
36 years$1,428$948$612$386$240$143
37 years$1,374$901$573$356$217$127
38 years$1,323$856$537$328$197$114
39 years$1,275$814$503$303$179$101
40 years$1,229$774$471$279$162$90
41 years$1,186$737$442$258$147$80
42 years$1,145$702$415$238$133$72
43 years$1,105$669$389$219$121$64
44 years$1,068$638$365$203$110$57
45 years$1,033$608$343$187$100$51
46 years$999$580$322$173$91$45
47 years$966$553$302$160$82$40
48 years$936$528$284$148$75$36
49 years$906$505$267$136$68$32
50 years$878$482$251$126$62$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $899,000, adding $2,342 every year, while hoping to spend $20,310 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: 68/11/21 Blend
59$899,000$899,000$899,000$899,000
60$993,114$945,467$931,532$1,055,275
61$1,072,802$970,185$941,129$1,121,890
62$1,159,937$995,434$950,366$1,192,159
63$1,255,258$1,021,217$959,211$1,268,541
64$1,359,578$1,047,540$967,628$1,351,638
65$1,473,791$1,074,406$975,580$1,442,111
66$1,598,883$1,101,817$983,027$1,540,693
67$1,735,940$1,129,777$989,929$1,648,187
68$1,886,156$1,158,287$996,242$1,765,480
69$2,050,849$1,187,348$1,001,921$1,893,549
70$2,231,468$1,216,960$1,006,918$2,033,471
71$2,429,610$1,247,124$1,011,183$2,186,431
72$2,647,035$1,277,837$1,014,662$2,353,735
73$2,885,680$1,309,098$1,017,300$2,536,824
74$3,147,679$1,340,904$1,019,039$2,737,283
75$3,435,382$1,373,249$1,019,817$2,956,862
76$3,751,381$1,406,128$1,019,571$3,197,485
77$4,098,528$1,439,534$1,018,233$3,461,276
78$4,479,966$1,473,459$1,015,731$3,750,573
79$4,899,157$1,507,893$1,011,993$4,067,954
80$5,359,916$1,542,824$1,006,939$4,416,260
81$5,866,445$1,578,241$1,000,490$4,798,620
82$6,423,374$1,614,127$992,558$5,218,484
83$7,035,805$1,650,465$983,056$5,679,652
84$7,709,357$1,687,238$971,888$6,186,315
85$8,450,222$1,724,423$958,957$6,743,087
86$9,265,222$1,761,998$944,159$7,355,057
87$10,161,875$1,799,935$927,388$8,027,831
88$11,148,461$1,838,207$908,531$8,767,588
89$12,234,107$1,876,782$887,469$9,581,135
90$13,428,866$1,915,624$864,079$10,475,979
91$14,743,817$1,954,697$838,233$11,460,386
92$16,191,167$1,993,958$809,795$12,543,472
93$17,784,367$2,033,362$778,624$13,735,279
94$19,538,236$2,072,861$744,572$15,046,877
95$21,469,107$2,112,402$707,485$16,490,462
96$23,594,971$2,151,925$667,202$18,079,477
97$25,935,659$2,191,370$623,553$19,828,738
98$28,513,018$2,230,669$576,364$21,754,571
99$31,351,122$2,269,748$525,449$23,874,967
100$34,476,502$2,308,531$470,617$26,209,757