Can I retire at age 60 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$72,174$71,531$70,904$70,292$69,694$69,024
2 years$35,730$35,064$34,419$33,794$33,188$32,512
3 years$23,583$22,915$22,272$21,652$21,056$20,396
4 years$17,511$16,845$16,208$15,599$15,017$14,379
5 years$13,869$13,207$12,578$11,982$11,416$10,800
6 years$11,441$10,784$10,165$9,582$9,033$8,441
7 years$9,708$9,057$8,447$7,878$7,346$6,779
8 years$8,409$7,763$7,164$6,608$6,094$5,551
9 years$7,399$6,759$6,170$5,629$5,132$4,612
10 years$6,591$5,958$5,379$4,852$4,373$3,877
11 years$5,931$5,304$4,736$4,223$3,761$3,288
12 years$5,381$4,761$4,203$3,704$3,259$2,808
13 years$4,916$4,302$3,755$3,270$2,842$2,413
14 years$4,518$3,911$3,374$2,903$2,491$2,084
15 years$4,174$3,572$3,046$2,589$2,194$1,807
16 years$3,872$3,278$2,762$2,318$1,939$1,573
17 years$3,607$3,019$2,513$2,083$1,719$1,373
18 years$3,371$2,789$2,294$1,877$1,528$1,201
19 years$3,160$2,585$2,100$1,696$1,362$1,053
20 years$2,970$2,402$1,927$1,536$1,217$925
21 years$2,799$2,238$1,773$1,394$1,089$814
22 years$2,644$2,089$1,634$1,268$976$717
23 years$2,502$1,953$1,509$1,154$876$633
24 years$2,372$1,830$1,395$1,053$788$559
25 years$2,253$1,718$1,292$962$709$494
26 years$2,144$1,614$1,199$879$638$437
27 years$2,042$1,519$1,113$805$576$387
28 years$1,948$1,432$1,035$737$519$343
29 years$1,861$1,351$963$676$469$304
30 years$1,779$1,275$897$620$424$270
31 years$1,703$1,206$836$570$383$239
32 years$1,632$1,141$780$524$346$213
33 years$1,565$1,080$728$482$314$189
34 years$1,503$1,024$681$443$284$168
35 years$1,444$971$636$408$257$149
36 years$1,388$922$595$376$233$132
37 years$1,336$876$557$346$211$118
38 years$1,286$832$522$319$191$105
39 years$1,239$791$489$294$174$93
40 years$1,195$753$458$271$157$83
41 years$1,153$717$430$250$143$74
42 years$1,113$682$403$231$130$66
43 years$1,075$650$378$213$118$58
44 years$1,038$620$355$197$107$52
45 years$1,004$591$333$182$97$46
46 years$971$564$313$168$88$41
47 years$940$538$294$155$80$37
48 years$910$514$276$143$73$33
49 years$881$490$260$133$66$29
50 years$853$469$244$123$60$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $874,000, adding $3,936 every year, while hoping to spend $23,419 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: 40/45/15 Blend
59$874,000$874,000$874,000$874,000
60$967,208$920,886$907,339$1,001,434
61$1,040,946$941,092$912,817$1,046,292
62$1,121,419$961,503$917,694$1,092,209
63$1,209,292$982,104$921,925$1,141,379
64$1,305,293$1,002,880$925,462$1,194,108
65$1,410,224$1,023,812$928,256$1,250,735
66$1,524,969$1,044,882$930,255$1,311,631
67$1,650,502$1,066,067$931,405$1,377,207
68$1,787,894$1,087,345$931,648$1,447,915
69$1,938,325$1,108,691$930,923$1,524,255
70$2,103,093$1,130,076$929,169$1,606,776
71$2,283,631$1,151,471$926,318$1,696,085
72$2,481,513$1,172,845$922,301$1,792,851
73$2,698,475$1,194,162$917,046$1,897,811
74$2,936,428$1,215,385$910,476$2,011,777
75$3,197,477$1,236,473$902,511$2,135,648
76$3,483,942$1,257,382$893,067$2,270,410
77$3,798,377$1,278,067$882,057$2,417,155
78$4,143,595$1,298,475$869,390$2,577,085
79$4,522,695$1,318,554$854,968$2,751,525
80$4,939,092$1,338,245$838,691$2,941,937
81$5,396,546$1,357,486$820,454$3,149,935
82$5,899,201$1,376,210$800,147$3,377,295
83$6,451,622$1,394,346$777,653$3,625,978
84$7,058,836$1,411,818$752,854$3,898,147
85$7,726,385$1,428,545$725,622$4,196,185
86$8,460,371$1,444,438$695,825$4,522,721
87$9,267,520$1,459,407$663,326$4,880,656
88$10,155,239$1,473,350$627,980$5,273,184
89$11,131,693$1,486,164$589,637$5,703,833
90$12,205,874$1,497,734$548,138$6,176,488
91$13,387,693$1,507,943$503,320$6,695,435
92$14,688,067$1,516,661$455,011$7,265,401
93$16,119,026$1,523,754$403,030$7,891,597
94$17,693,825$1,529,077$347,190$8,579,769
95$19,427,070$1,532,476$287,295$9,336,251
96$21,334,853$1,533,789$223,141$10,168,028
97$23,434,905$1,532,842$154,514$11,082,803
98$25,746,766$1,529,451$81,190$12,089,067
99$28,291,963$1,523,422$2,938$13,196,180
100$31,094,221$1,514,546$0$14,414,466