Can I retire at age 60 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$74,569$73,905$73,257$72,624$72,006$69,424
2 years$36,915$36,228$35,561$34,915$34,289$31,715
3 years$24,366$23,675$23,011$22,371$21,754$19,270
4 years$18,092$17,404$16,746$16,117$15,515$13,139
5 years$14,329$13,645$12,995$12,379$11,794$9,533
6 years$11,821$11,142$10,502$9,900$9,333$7,188
7 years$10,030$9,357$8,727$8,139$7,590$5,561
8 years$8,688$8,021$7,402$6,828$6,297$4,382
9 years$7,644$6,983$6,375$5,816$5,303$3,500
10 years$6,810$6,156$5,558$5,013$4,518$2,824
11 years$6,128$5,480$4,893$4,363$3,886$2,296
12 years$5,560$4,919$4,342$3,827$3,367$1,879
13 years$5,080$4,445$3,880$3,379$2,936$1,545
14 years$4,668$4,040$3,486$2,999$2,574$1,276
15 years$4,312$3,691$3,147$2,675$2,266$1,057
16 years$4,001$3,386$2,854$2,395$2,003$877
17 years$3,726$3,119$2,597$2,152$1,776$730
18 years$3,483$2,882$2,370$1,939$1,579$609
19 years$3,265$2,671$2,170$1,752$1,408$508
20 years$3,069$2,482$1,991$1,587$1,257$425
21 years$2,892$2,312$1,832$1,440$1,125$355
22 years$2,732$2,158$1,688$1,310$1,008$298
23 years$2,585$2,018$1,559$1,193$905$249
24 years$2,451$1,891$1,442$1,088$814$209
25 years$2,328$1,775$1,335$993$732$175
26 years$2,215$1,668$1,238$908$660$147
27 years$2,110$1,570$1,150$831$595$124
28 years$2,013$1,479$1,069$762$537$104
29 years$1,922$1,395$995$699$484$87
30 years$1,838$1,318$927$641$438$73
31 years$1,760$1,246$864$589$396$62
32 years$1,686$1,179$806$541$358$52
33 years$1,617$1,116$753$498$324$43
34 years$1,552$1,058$703$458$293$37
35 years$1,492$1,003$657$421$266$31
36 years$1,434$952$615$388$241$26
37 years$1,380$905$576$358$218$22
38 years$1,329$860$539$330$198$18
39 years$1,280$817$505$304$179$15
40 years$1,235$778$473$280$163$13
41 years$1,191$740$444$259$148$11
42 years$1,150$705$416$239$134$9
43 years$1,110$672$391$220$122$8
44 years$1,073$640$367$203$110$6
45 years$1,037$611$344$188$100$5
46 years$1,003$583$323$174$91$5
47 years$971$556$304$160$83$4
48 years$940$531$286$148$75$3
49 years$910$507$268$137$68$3
50 years$882$484$252$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $903,000, adding $5,110 every year, while hoping to spend $32,475 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: 63/31/6 Blend
59$903,000$903,000$903,000$903,000
60$1,000,377$952,518$938,521$1,062,039
61$1,067,862$964,638$935,409$1,115,884
62$1,141,143$976,264$931,103$1,170,362
63$1,220,775$987,337$925,531$1,228,994
64$1,307,372$997,794$918,614$1,292,181
65$1,401,607$1,007,569$910,271$1,360,363
66$1,504,221$1,016,590$900,416$1,434,027
67$1,616,032$1,024,783$888,959$1,513,710
68$1,737,936$1,032,067$875,809$1,600,003
69$1,870,922$1,038,354$860,865$1,693,558
70$2,016,078$1,043,555$844,025$1,795,095
71$2,174,600$1,047,572$825,183$1,905,406
72$2,347,808$1,050,302$804,225$2,025,366
73$2,537,152$1,051,634$781,034$2,155,940
74$2,744,230$1,051,453$755,487$2,298,191
75$2,970,801$1,049,633$727,456$2,453,293
76$3,218,802$1,046,045$696,805$2,622,540
77$3,490,366$1,040,547$663,394$2,807,357
78$3,787,842$1,032,992$627,076$3,009,320
79$4,113,816$1,023,223$587,697$3,230,162
80$4,471,137$1,011,074$545,097$3,471,798
81$4,862,944$996,366$499,108$3,736,339
82$5,292,690$978,914$449,555$4,026,112
83$5,764,183$958,520$396,253$4,343,683
84$6,281,615$934,973$339,013$4,691,884
85$6,849,604$908,050$277,634$5,073,836
86$7,473,236$877,518$211,908$5,492,981
87$8,158,116$843,125$141,616$5,953,115
88$8,910,415$804,610$66,532$6,458,425
89$9,736,935$761,693$0$7,013,525
90$10,645,166$714,080$0$7,624,376
91$11,643,360$661,457$0$8,300,323
92$12,740,611$603,497$0$9,043,305
93$13,946,935$539,849$0$9,860,166
94$15,273,367$470,147$0$10,758,445
95$16,732,066$394,000$0$11,746,458
96$18,336,429$310,998$0$12,833,372
97$20,101,214$220,706$0$14,029,292
98$22,042,682$122,665$0$15,345,359
99$24,178,752$16,392$0$16,793,854
100$26,529,163$0$0$18,388,317