Can I retire at age 60 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$72,835$72,186$71,553$70,935$70,332$67,783
2 years$36,057$35,385$34,734$34,103$33,491$30,951
3 years$23,799$23,125$22,475$21,850$21,248$18,797
4 years$17,671$16,999$16,356$15,742$15,154$12,810
5 years$13,996$13,327$12,693$12,091$11,520$9,290
6 years$11,546$10,883$10,258$9,670$9,116$7,000
7 years$9,797$9,139$8,524$7,950$7,413$5,413
8 years$8,486$7,834$7,229$6,669$6,150$4,263
9 years$7,467$6,821$6,227$5,680$5,179$3,402
10 years$6,652$6,012$5,429$4,897$4,413$2,743
11 years$5,985$5,353$4,779$4,262$3,795$2,229
12 years$5,431$4,804$4,241$3,738$3,289$1,823
13 years$4,961$4,342$3,789$3,300$2,868$1,498
14 years$4,560$3,946$3,405$2,929$2,514$1,236
15 years$4,212$3,605$3,074$2,613$2,214$1,023
16 years$3,908$3,308$2,787$2,339$1,956$849
17 years$3,640$3,046$2,536$2,102$1,735$706
18 years$3,402$2,815$2,315$1,894$1,542$588
19 years$3,189$2,609$2,119$1,711$1,375$491
20 years$2,998$2,424$1,945$1,550$1,228$410
21 years$2,825$2,258$1,789$1,407$1,099$343
22 years$2,668$2,108$1,649$1,279$985$287
23 years$2,525$1,971$1,523$1,165$884$240
24 years$2,394$1,847$1,408$1,062$795$201
25 years$2,274$1,733$1,304$970$715$169
26 years$2,163$1,629$1,210$887$644$141
27 years$2,061$1,533$1,123$812$581$119
28 years$1,966$1,445$1,044$744$524$100
29 years$1,878$1,363$972$682$473$84
30 years$1,795$1,287$905$626$428$70
31 years$1,719$1,217$844$575$387$59
32 years$1,647$1,151$787$529$350$49
33 years$1,580$1,090$735$486$316$42
34 years$1,516$1,033$687$447$287$35
35 years$1,457$980$642$412$260$29
36 years$1,401$930$601$379$235$25
37 years$1,348$884$562$349$213$21
38 years$1,298$840$526$322$193$17
39 years$1,251$798$493$297$175$15
40 years$1,206$760$462$274$159$12
41 years$1,163$723$434$253$144$10
42 years$1,123$689$407$233$131$9
43 years$1,085$656$382$215$119$7
44 years$1,048$625$358$199$108$6
45 years$1,013$596$336$184$98$5
46 years$980$569$316$170$89$4
47 years$948$543$297$157$81$4
48 years$918$518$279$145$73$3
49 years$889$495$262$134$67$3
50 years$861$473$246$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $882,000, adding $2,087 every year, while hoping to spend $48,536 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: 60/23/17 Blend
59$882,000$882,000$882,000$882,000
60$974,117$927,371$913,700$1,028,197
61$1,021,835$921,170$892,667$1,058,761
62$1,072,793$913,039$869,302$1,086,516
63$1,127,272$902,831$843,477$1,115,668
64$1,185,576$890,392$815,057$1,146,359
65$1,248,042$875,559$783,898$1,178,748
66$1,315,038$858,157$749,854$1,213,010
67$1,386,968$838,002$712,771$1,249,340
68$1,464,275$814,901$672,485$1,287,957
69$1,547,446$788,647$628,829$1,329,104
70$1,637,017$759,021$581,625$1,373,049
71$1,733,573$725,794$530,690$1,420,094
72$1,837,759$688,719$475,830$1,470,572
73$1,950,284$647,540$416,844$1,524,854
74$2,071,927$601,984$353,522$1,583,352
75$2,203,543$551,760$285,644$1,646,523
76$2,346,072$496,564$212,981$1,714,876
77$2,500,549$436,074$135,294$1,788,975
78$2,668,111$369,947$52,332$1,869,445
79$2,850,008$297,824$0$1,956,982
80$3,047,615$219,324$0$2,058,920
81$3,262,447$134,046$0$2,180,105
82$3,496,166$41,563$0$2,312,032
83$3,750,604$0$0$2,455,803
84$4,027,777$0$0$2,627,460
85$4,329,901$0$0$2,826,100
86$4,659,418$0$0$3,042,817
87$5,019,014$0$0$3,279,385
88$5,411,645$0$0$3,537,758
89$5,840,566$0$0$3,820,087
90$6,309,360$0$0$4,128,740
91$6,821,973$0$0$4,466,325
92$7,382,747$0$0$4,835,712
93$7,996,466$0$0$5,240,061
94$8,668,395$0$0$5,682,854
95$9,404,335$0$0$6,167,923
96$10,210,670$0$0$6,699,491
97$11,094,436$0$0$7,282,204
98$12,063,377$0$0$7,921,185
99$13,126,026$0$0$8,622,072
100$14,291,778$0$0$9,391,077