Can I retire at age 60 with 903,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$74,569$73,905$73,257$72,624$72,006$70,294
2 years$36,915$36,228$35,561$34,915$34,289$32,574
3 years$24,366$23,675$23,011$22,371$21,754$20,090
4 years$18,092$17,404$16,746$16,117$15,515$13,915
5 years$14,329$13,645$12,995$12,379$11,794$10,262
6 years$11,821$11,142$10,502$9,900$9,333$7,870
7 years$10,030$9,357$8,727$8,139$7,590$6,197
8 years$8,688$8,021$7,402$6,828$6,297$4,973
9 years$7,644$6,983$6,375$5,816$5,303$4,047
10 years$6,810$6,156$5,558$5,013$4,518$3,329
11 years$6,128$5,480$4,893$4,363$3,886$2,762
12 years$5,560$4,919$4,342$3,827$3,367$2,307
13 years$5,080$4,445$3,880$3,379$2,936$1,937
14 years$4,668$4,040$3,486$2,999$2,574$1,634
15 years$4,312$3,691$3,147$2,675$2,266$1,383
16 years$4,001$3,386$2,854$2,395$2,003$1,175
17 years$3,726$3,119$2,597$2,152$1,776$1,000
18 years$3,483$2,882$2,370$1,939$1,579$853
19 years$3,265$2,671$2,170$1,752$1,408$729
20 years$3,069$2,482$1,991$1,587$1,257$624
21 years$2,892$2,312$1,832$1,440$1,125$535
22 years$2,732$2,158$1,688$1,310$1,008$459
23 years$2,585$2,018$1,559$1,193$905$394
24 years$2,451$1,891$1,442$1,088$814$339
25 years$2,328$1,775$1,335$993$732$291
26 years$2,215$1,668$1,238$908$660$251
27 years$2,110$1,570$1,150$831$595$216
28 years$2,013$1,479$1,069$762$537$186
29 years$1,922$1,395$995$699$484$160
30 years$1,838$1,318$927$641$438$138
31 years$1,760$1,246$864$589$396$119
32 years$1,686$1,179$806$541$358$103
33 years$1,617$1,116$753$498$324$88
34 years$1,552$1,058$703$458$293$76
35 years$1,492$1,003$657$421$266$66
36 years$1,434$952$615$388$241$57
37 years$1,380$905$576$358$218$49
38 years$1,329$860$539$330$198$42
39 years$1,280$817$505$304$179$37
40 years$1,235$778$473$280$163$32
41 years$1,191$740$444$259$148$27
42 years$1,150$705$416$239$134$23
43 years$1,110$672$391$220$122$20
44 years$1,073$640$367$203$110$18
45 years$1,037$611$344$188$100$15
46 years$1,003$583$323$174$91$13
47 years$971$556$304$160$83$11
48 years$940$531$286$148$75$10
49 years$910$507$268$137$68$8
50 years$882$484$252$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $903,000, adding $3,103 every year, while hoping to spend $53,974 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: 54/34/12 Blend
59$903,000$903,000$903,000$903,000
60$998,307$950,448$936,451$1,048,955
61$1,042,706$939,592$910,394$1,072,866
62$1,089,825$926,395$881,656$1,092,772
63$1,139,885$910,685$850,088$1,113,185
64$1,193,125$892,281$815,539$1,134,164
65$1,249,811$870,990$777,846$1,155,779
66$1,310,231$846,608$736,843$1,178,107
67$1,374,701$818,918$692,354$1,201,239
68$1,443,568$787,693$644,196$1,225,276
69$1,517,212$752,690$592,177$1,250,335
70$1,596,050$713,654$536,096$1,276,547
71$1,680,537$670,313$475,746$1,304,063
72$1,771,176$622,382$410,907$1,333,050
73$1,868,515$569,558$341,351$1,363,701
74$1,973,158$511,521$266,841$1,396,231
75$2,085,767$447,932$187,128$1,430,882
76$2,207,070$378,436$101,951$1,467,928
77$2,337,865$302,653$11,040$1,507,676
78$2,479,030$220,186$0$1,550,472
79$2,631,529$130,613$0$1,607,712
80$2,796,422$33,490$0$1,671,043
81$2,974,873$0$0$1,739,578
82$3,168,162$0$0$1,840,708
83$3,377,696$0$0$1,963,993
84$3,605,025$0$0$2,097,823
85$3,851,849$0$0$2,243,208
86$4,120,041$0$0$2,401,262
87$4,411,661$0$0$2,573,209
88$4,728,974$0$0$2,760,395
89$5,074,474$0$0$2,964,303
90$5,450,905$0$0$3,186,563
91$5,861,284$0$0$3,428,971
92$6,308,935$0$0$3,693,502
93$6,797,515$0$0$3,982,331
94$7,331,051$0$0$4,297,851
95$7,913,972$0$0$4,642,697
96$8,551,159$0$0$5,019,772
97$9,247,983$0$0$5,432,269
98$10,010,358$0$0$5,883,706
99$10,844,797$0$0$6,377,956
100$11,758,469$0$0$6,919,284