Can I retire at age 60 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$72,092$71,449$70,823$70,211$69,614$68,744
2 years$35,689$35,024$34,380$33,755$33,150$32,274
3 years$23,556$22,889$22,246$21,627$21,031$20,178
4 years$17,491$16,826$16,190$15,581$15,000$14,175
5 years$13,853$13,191$12,564$11,968$11,403$10,608
6 years$11,428$10,772$10,153$9,571$9,023$8,260
7 years$9,697$9,046$8,437$7,869$7,338$6,607
8 years$8,399$7,754$7,156$6,601$6,087$5,389
9 years$7,390$6,751$6,163$5,623$5,126$4,459
10 years$6,584$5,951$5,373$4,847$4,368$3,732
11 years$5,924$5,298$4,730$4,218$3,757$3,151
12 years$5,375$4,755$4,198$3,700$3,255$2,680
13 years$4,911$4,297$3,751$3,266$2,839$2,293
14 years$4,513$3,906$3,370$2,900$2,488$1,971
15 years$4,169$3,568$3,043$2,586$2,191$1,701
16 years$3,868$3,274$2,759$2,315$1,936$1,473
17 years$3,602$3,015$2,510$2,080$1,717$1,279
18 years$3,367$2,786$2,292$1,875$1,527$1,114
19 years$3,156$2,582$2,098$1,694$1,361$972
20 years$2,967$2,399$1,925$1,534$1,215$849
21 years$2,796$2,235$1,771$1,392$1,088$743
22 years$2,641$2,086$1,632$1,266$975$652
23 years$2,499$1,951$1,507$1,153$875$572
24 years$2,370$1,828$1,394$1,052$787$502
25 years$2,251$1,716$1,291$960$708$442
26 years$2,141$1,612$1,197$878$638$389
27 years$2,040$1,517$1,112$804$575$342
28 years$1,946$1,430$1,033$736$519$302
29 years$1,858$1,349$962$675$468$266
30 years$1,777$1,274$896$620$423$234
31 years$1,701$1,204$835$569$383$207
32 years$1,630$1,140$779$523$346$183
33 years$1,563$1,079$728$481$313$161
34 years$1,501$1,023$680$443$284$142
35 years$1,442$970$636$407$257$126
36 years$1,387$921$595$375$233$111
37 years$1,334$875$556$346$211$98
38 years$1,285$831$521$319$191$87
39 years$1,238$790$488$294$173$77
40 years$1,194$752$458$271$157$68
41 years$1,151$716$429$250$143$60
42 years$1,111$682$403$231$129$53
43 years$1,073$649$378$213$118$47
44 years$1,037$619$355$197$107$41
45 years$1,003$590$333$182$97$37
46 years$970$563$313$168$88$32
47 years$938$537$294$155$80$29
48 years$908$513$276$143$73$25
49 years$880$490$259$132$66$22
50 years$852$468$244$122$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $873,000, adding $6,402 every year, while hoping to spend $54,064 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: 83/6/11 Blend
59$873,000$873,000$873,000$873,000
60$968,650$922,381$908,849$1,046,759
61$1,009,928$910,054$881,772$1,086,515
62$1,053,605$895,311$851,976$1,122,315
63$1,099,868$877,976$819,312$1,159,996
64$1,148,922$857,864$783,626$1,199,717
65$1,200,991$834,778$744,756$1,241,651
66$1,256,319$808,510$702,533$1,285,992
67$1,315,175$778,838$656,779$1,332,949
68$1,377,852$745,530$607,310$1,382,756
69$1,444,670$708,338$553,932$1,435,668
70$1,515,981$667,002$496,444$1,491,969
71$1,592,171$621,245$434,635$1,551,969
72$1,673,662$570,775$368,284$1,616,010
73$1,760,915$515,283$297,162$1,684,472
74$1,854,440$454,443$221,028$1,757,771
75$1,954,792$387,910$139,632$1,836,366
76$2,062,583$315,320$52,712$1,920,763
77$2,178,484$236,287$0$2,011,521
78$2,303,230$150,406$0$2,113,955
79$2,437,630$57,246$0$2,230,954
80$2,582,572$0$0$2,357,105
81$2,739,032$0$0$2,496,155
82$2,908,081$0$0$2,650,490
83$3,090,898$0$0$2,817,409
84$3,288,778$0$0$2,998,095
85$3,503,143$0$0$3,193,851
86$3,735,559$0$0$3,406,107
87$3,987,748$0$0$3,636,438
88$4,261,601$0$0$3,886,574
89$4,559,201$0$0$4,158,420
90$4,882,837$0$0$4,454,069
91$5,235,031$0$0$4,775,826
92$5,618,554$0$0$5,126,227
93$6,036,457$0$0$5,508,062
94$6,492,098$0$0$5,924,401
95$6,989,171$0$0$6,378,624
96$7,531,745$0$0$6,874,451
97$8,124,297$0$0$7,415,976
98$8,771,754$0$0$8,007,707
99$9,479,543$0$0$8,654,607
100$10,253,639$0$0$9,362,139