Can I retire at age 60 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$74,404$73,741$73,094$72,463$71,847$70,454
2 years$36,834$36,148$35,483$34,838$34,213$32,815
3 years$24,312$23,623$22,960$22,321$21,706$20,347
4 years$18,052$17,365$16,709$16,081$15,481$14,171
5 years$14,297$13,615$12,967$12,352$11,768$10,512
6 years$11,795$11,117$10,479$9,878$9,312$8,110
7 years$10,008$9,336$8,708$8,121$7,573$6,425
8 years$8,669$8,003$7,385$6,813$6,283$5,189
9 years$7,628$6,968$6,361$5,803$5,291$4,251
10 years$6,795$6,142$5,546$5,002$4,508$3,521
11 years$6,114$5,468$4,882$4,353$3,877$2,942
12 years$5,548$4,908$4,333$3,818$3,360$2,475
13 years$5,068$4,435$3,871$3,371$2,930$2,093
14 years$4,658$4,031$3,478$2,993$2,568$1,779
15 years$4,302$3,683$3,140$2,669$2,261$1,518
16 years$3,992$3,379$2,847$2,390$1,999$1,299
17 years$3,718$3,112$2,591$2,147$1,772$1,114
18 years$3,475$2,875$2,365$1,935$1,576$958
19 years$3,258$2,665$2,165$1,748$1,404$826
20 years$3,062$2,476$1,987$1,583$1,254$713
21 years$2,886$2,307$1,828$1,437$1,123$616
22 years$2,726$2,153$1,685$1,307$1,006$533
23 years$2,579$2,014$1,555$1,190$903$462
24 years$2,446$1,887$1,438$1,085$812$400
25 years$2,323$1,771$1,332$991$731$347
26 years$2,210$1,664$1,236$906$658$301
27 years$2,105$1,566$1,147$830$593$262
28 years$2,008$1,476$1,067$760$535$227
29 years$1,918$1,392$993$697$483$198
30 years$1,834$1,315$925$640$437$172
31 years$1,756$1,243$862$587$395$150
32 years$1,682$1,176$804$540$357$130
33 years$1,614$1,114$751$496$323$113
34 years$1,549$1,056$702$457$293$99
35 years$1,488$1,001$656$421$265$86
36 years$1,431$950$614$387$240$75
37 years$1,377$903$574$357$218$65
38 years$1,326$858$538$329$197$57
39 years$1,278$816$504$303$179$49
40 years$1,232$776$472$280$162$43
41 years$1,188$739$443$258$147$38
42 years$1,147$704$415$238$134$33
43 years$1,108$670$390$220$121$29
44 years$1,071$639$366$203$110$25
45 years$1,035$609$344$187$100$22
46 years$1,001$581$323$173$91$19
47 years$969$555$303$160$82$16
48 years$938$530$285$148$75$14
49 years$908$506$268$137$68$13
50 years$880$483$252$126$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $901,000, adding $4,451 every year, while hoping to spend $20,580 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: 55/39/6 Blend
59$901,000$901,000$901,000$901,000
60$997,493$949,740$935,775$1,050,802
61$1,077,341$974,381$945,226$1,111,909
62$1,164,643$999,538$954,305$1,175,732
63$1,260,138$1,025,218$962,976$1,244,710
64$1,364,640$1,051,421$971,203$1,319,335
65$1,479,044$1,078,152$978,949$1,400,150
66$1,604,337$1,105,411$986,174$1,487,750
67$1,741,604$1,133,201$992,836$1,582,792
68$1,892,041$1,161,522$998,889$1,685,998
69$2,056,966$1,190,373$1,004,289$1,798,163
70$2,237,829$1,219,754$1,008,985$1,920,164
71$2,436,229$1,249,663$1,012,927$2,052,965
72$2,653,924$1,280,097$1,016,061$2,197,628
73$2,892,855$1,311,052$1,018,329$2,355,323
74$3,155,155$1,342,523$1,019,672$2,527,340
75$3,443,178$1,374,503$1,020,029$2,715,096
76$3,759,515$1,406,986$1,019,332$2,920,155
77$4,107,020$1,439,963$1,017,514$3,144,241
78$4,488,837$1,473,422$1,014,502$3,389,250
79$4,908,430$1,507,352$1,010,220$3,657,271
80$5,369,617$1,541,740$1,004,589$3,950,609
81$5,876,602$1,576,569$997,527$4,271,799
82$6,434,017$1,611,822$988,945$4,623,637
83$7,046,965$1,647,479$978,753$5,009,203
84$7,721,068$1,683,519$966,855$5,431,889
85$8,462,523$1,719,917$953,150$5,895,435
86$9,278,155$1,756,647$937,535$6,403,959
87$10,175,483$1,793,679$919,898$6,962,002
88$11,162,793$1,830,981$900,126$7,574,565
89$12,249,216$1,868,517$878,098$8,247,159
90$13,444,810$1,906,248$853,688$8,985,858
91$14,760,659$1,944,133$826,766$9,797,355
92$16,208,976$1,982,125$797,192$10,689,024
93$17,803,217$2,020,174$764,823$11,668,992
94$19,558,210$2,058,228$729,510$12,746,215
95$21,490,293$2,096,226$691,094$13,930,562
96$23,617,468$2,134,107$649,411$15,232,908
97$25,959,573$2,171,801$604,289$16,665,239
98$28,538,466$2,209,236$555,549$18,240,761
99$31,378,233$2,246,332$503,003$19,974,030
100$34,505,415$2,283,004$446,456$21,881,084