Can I retire at age 60 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$74,321$73,659$73,013$72,383$71,767$70,782
2 years$36,793$36,107$35,443$34,799$34,175$33,184
3 years$24,285$23,597$22,934$22,296$21,682$20,717
4 years$18,032$17,346$16,690$16,063$15,464$14,531
5 years$14,281$13,599$12,952$12,338$11,755$10,858
6 years$11,782$11,105$10,467$9,867$9,302$8,441
7 years$9,997$9,326$8,698$8,112$7,565$6,740
8 years$8,659$7,994$7,377$6,805$6,276$5,488
9 years$7,619$6,960$6,354$5,796$5,285$4,533
10 years$6,787$6,135$5,539$4,997$4,503$3,787
11 years$6,108$5,462$4,877$4,348$3,873$3,192
12 years$5,541$4,902$4,328$3,814$3,356$2,709
13 years$5,063$4,430$3,867$3,367$2,927$2,313
14 years$4,653$4,027$3,474$2,989$2,565$1,984
15 years$4,298$3,679$3,137$2,666$2,259$1,709
16 years$3,987$3,375$2,844$2,387$1,996$1,477
17 years$3,714$3,108$2,588$2,145$1,770$1,280
18 years$3,471$2,872$2,362$1,933$1,574$1,112
19 years$3,254$2,662$2,163$1,746$1,403$968
20 years$3,059$2,474$1,985$1,582$1,253$844
21 years$2,883$2,304$1,826$1,436$1,121$737
22 years$2,722$2,151$1,683$1,305$1,005$645
23 years$2,577$2,012$1,554$1,189$902$565
24 years$2,443$1,885$1,437$1,084$811$495
25 years$2,320$1,769$1,331$990$730$434
26 years$2,207$1,662$1,234$905$657$381
27 years$2,103$1,564$1,146$829$593$335
28 years$2,006$1,474$1,065$759$535$294
29 years$1,916$1,391$991$696$483$259
30 years$1,832$1,313$924$639$436$228
31 years$1,754$1,242$861$587$394$200
32 years$1,680$1,175$803$539$357$176
33 years$1,612$1,113$750$496$323$155
34 years$1,547$1,054$701$456$292$137
35 years$1,487$1,000$655$420$265$121
36 years$1,429$949$613$387$240$106
37 years$1,375$902$574$356$217$94
38 years$1,324$857$537$329$197$83
39 years$1,276$815$503$303$179$73
40 years$1,230$775$472$279$162$64
41 years$1,187$738$442$258$147$57
42 years$1,146$703$415$238$133$50
43 years$1,107$670$389$220$121$44
44 years$1,069$638$366$203$110$39
45 years$1,034$609$343$187$100$34
46 years$1,000$581$322$173$91$30
47 years$968$554$303$160$82$27
48 years$937$529$285$148$75$24
49 years$907$505$267$136$68$21
50 years$879$482$251$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $900,000, adding $4,887 every year, while hoping to spend $55,178 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: 40/30/30 Blend
59$900,000$900,000$900,000$900,000
60$996,841$949,141$935,191$1,027,728
61$1,039,810$936,940$907,811$1,038,518
62$1,085,312$922,292$877,664$1,044,740
63$1,133,548$905,018$844,600$1,050,440
64$1,184,736$884,930$808,461$1,055,606
65$1,239,116$861,829$769,081$1,060,230
66$1,296,949$835,502$726,288$1,064,307
67$1,358,522$805,725$679,903$1,067,837
68$1,424,147$772,261$629,735$1,070,826
69$1,494,168$734,861$575,590$1,073,284
70$1,568,962$693,257$517,260$1,075,230
71$1,648,939$647,170$454,532$1,076,692
72$1,734,553$596,303$387,181$1,077,706
73$1,826,298$540,342$314,972$1,078,318
74$1,924,718$478,956$237,661$1,078,589
75$2,030,408$411,795$154,992$1,078,592
76$2,144,025$338,488$66,699$1,078,416
77$2,266,285$258,644$0$1,078,169
78$2,397,979$171,850$0$1,086,790
79$2,539,972$77,669$0$1,118,976
80$2,693,216$0$0$1,153,628
81$2,858,758$0$0$1,199,095
82$3,037,746$0$0$1,276,070
83$3,231,444$0$0$1,359,468
84$3,441,240$0$0$1,449,900
85$3,668,662$0$0$1,548,037
86$3,915,387$0$0$1,654,617
87$4,183,263$0$0$1,770,451
88$4,474,321$0$0$1,896,433
89$4,790,793$0$0$2,033,545
90$5,135,139$0$0$2,182,868
91$5,510,062$0$0$2,345,592
92$5,918,538$0$0$2,523,026
93$6,363,842$0$0$2,716,611
94$6,849,577$0$0$2,927,934
95$7,379,711$0$0$3,158,739
96$7,958,611$0$0$3,410,949
97$8,591,082$0$0$3,686,681
98$9,282,418$0$0$3,988,263
99$10,038,443$0$0$4,318,261
100$10,865,574$0$0$4,679,500