Can I retire at age 60 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$73,248$72,595$71,959$71,337$70,731$69,963
2 years$36,261$35,586$34,931$34,297$33,681$32,908
3 years$23,934$23,256$22,603$21,974$21,369$20,614
4 years$17,772$17,095$16,449$15,831$15,240$14,511
5 years$14,075$13,403$12,765$12,160$11,585$10,882
6 years$11,612$10,945$10,316$9,724$9,167$8,492
7 years$9,853$9,191$8,573$7,995$7,455$6,808
8 years$8,534$7,879$7,270$6,707$6,185$5,565
9 years$7,509$6,860$6,262$5,713$5,209$4,616
10 years$6,689$6,047$5,459$4,924$4,438$3,873
11 years$6,019$5,383$4,806$4,286$3,817$3,278
12 years$5,461$4,831$4,265$3,759$3,308$2,795
13 years$4,990$4,366$3,811$3,319$2,884$2,397
14 years$4,585$3,969$3,424$2,946$2,528$2,066
15 years$4,236$3,625$3,092$2,627$2,226$1,788
16 years$3,930$3,326$2,803$2,352$1,967$1,553
17 years$3,660$3,063$2,551$2,114$1,745$1,352
18 years$3,421$2,831$2,328$1,905$1,551$1,181
19 years$3,207$2,623$2,131$1,721$1,383$1,033
20 years$3,015$2,438$1,956$1,559$1,235$906
21 years$2,841$2,271$1,799$1,415$1,105$795
22 years$2,683$2,120$1,658$1,286$991$699
23 years$2,539$1,983$1,531$1,172$889$615
24 years$2,408$1,857$1,416$1,068$799$542
25 years$2,287$1,743$1,312$976$719$478
26 years$2,175$1,638$1,216$892$648$422
27 years$2,072$1,542$1,130$817$584$373
28 years$1,977$1,453$1,050$748$527$330
29 years$1,888$1,371$977$686$476$292
30 years$1,806$1,294$910$630$430$258
31 years$1,728$1,224$849$578$389$228
32 years$1,656$1,158$792$532$352$202
33 years$1,588$1,096$739$489$318$179
34 years$1,525$1,039$691$450$288$159
35 years$1,465$986$646$414$261$141
36 years$1,409$936$604$381$236$125
37 years$1,356$889$565$351$214$111
38 years$1,305$844$529$324$194$98
39 years$1,258$803$496$299$176$87
40 years$1,213$764$465$275$160$77
41 years$1,170$727$436$254$145$68
42 years$1,129$693$409$234$132$61
43 years$1,091$660$384$216$119$54
44 years$1,054$629$360$200$108$48
45 years$1,019$600$338$185$98$42
46 years$985$572$318$170$89$38
47 years$954$546$298$158$81$33
48 years$923$521$280$146$74$30
49 years$894$498$264$135$67$26
50 years$866$476$248$124$61$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $887,000, adding $2,708 every year, while hoping to spend $37,060 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: 82/7/11 Blend
59$887,000$887,000$887,000$887,000
60$980,267$933,256$919,508$1,058,618
61$1,040,823$939,554$910,880$1,116,653
62$1,106,313$944,919$900,721$1,175,184
63$1,177,202$949,265$888,940$1,238,338
64$1,254,001$952,503$875,443$1,306,560
65$1,337,269$954,535$860,131$1,380,337
66$1,427,625$955,262$842,899$1,460,208
67$1,525,746$954,574$823,640$1,546,766
68$1,632,380$952,355$802,240$1,640,664
69$1,748,347$948,485$778,579$1,742,623
70$1,874,551$942,833$752,534$1,853,434
71$2,011,986$935,263$723,974$1,973,972
72$2,161,745$925,627$692,764$2,105,198
73$2,325,032$913,773$658,761$2,248,174
74$2,503,173$899,535$621,817$2,404,067
75$2,697,625$882,741$581,777$2,574,166
76$2,909,994$863,206$538,478$2,759,888
77$3,142,047$840,737$491,750$2,962,797
78$3,395,729$815,126$441,417$3,184,617
79$3,673,182$786,156$387,293$3,427,245
80$3,976,765$753,596$329,185$3,692,775
81$4,309,074$717,201$266,892$3,983,512
82$4,672,969$676,713$200,202$4,301,996
83$5,071,599$631,859$128,896$4,651,030
84$5,508,431$582,350$52,744$5,033,700
85$5,987,286$527,879$0$5,453,407
86$6,512,369$468,126$0$5,917,249
87$7,088,314$402,747$0$6,432,833
88$7,720,223$331,383$0$6,998,547
89$8,413,718$253,652$0$7,619,443
90$9,174,988$169,152$0$8,301,085
91$10,010,855$77,459$0$9,049,605
92$10,928,831$0$0$9,871,758
93$11,937,192$0$0$10,776,674
94$13,045,055$0$0$11,777,460
95$14,262,463$0$0$12,877,226
96$15,600,482$0$0$14,085,969
97$17,071,301$0$0$15,414,705
98$18,688,349$0$0$16,875,570
99$20,466,424$0$0$18,481,932
100$22,421,826$0$0$20,248,522