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%11.2%
1 years$74,569$73,905$73,257$72,624$72,006$71,643
2 years$36,915$36,228$35,561$34,915$34,289$33,922
3 years$24,366$23,675$23,011$22,371$21,754$21,395
4 years$18,092$17,404$16,746$16,117$15,515$15,167
5 years$14,329$13,645$12,995$12,379$11,794$11,458
6 years$11,821$11,142$10,502$9,900$9,333$9,008
7 years$10,030$9,357$8,727$8,139$7,590$7,278
8 years$8,688$8,021$7,402$6,828$6,297$5,997
9 years$7,644$6,983$6,375$5,816$5,303$5,016
10 years$6,810$6,156$5,558$5,013$4,518$4,243
11 years$6,128$5,480$4,893$4,363$3,886$3,623
12 years$5,560$4,919$4,342$3,827$3,367$3,116
13 years$5,080$4,445$3,880$3,379$2,936$2,697
14 years$4,668$4,040$3,486$2,999$2,574$2,346
15 years$4,312$3,691$3,147$2,675$2,266$2,049
16 years$4,001$3,386$2,854$2,395$2,003$1,797
17 years$3,726$3,119$2,597$2,152$1,776$1,580
18 years$3,483$2,882$2,370$1,939$1,579$1,393
19 years$3,265$2,671$2,170$1,752$1,408$1,231
20 years$3,069$2,482$1,991$1,587$1,257$1,091
21 years$2,892$2,312$1,832$1,440$1,125$967
22 years$2,732$2,158$1,688$1,310$1,008$860
23 years$2,585$2,018$1,559$1,193$905$765
24 years$2,451$1,891$1,442$1,088$814$681
25 years$2,328$1,775$1,335$993$732$607
26 years$2,215$1,668$1,238$908$660$542
27 years$2,110$1,570$1,150$831$595$484
28 years$2,013$1,479$1,069$762$537$433
29 years$1,922$1,395$995$699$484$387
30 years$1,838$1,318$927$641$438$346
31 years$1,760$1,246$864$589$396$310
32 years$1,686$1,179$806$541$358$278
33 years$1,617$1,116$753$498$324$249
34 years$1,552$1,058$703$458$293$223
35 years$1,492$1,003$657$421$266$200
36 years$1,434$952$615$388$241$180
37 years$1,380$905$576$358$218$161
38 years$1,329$860$539$330$198$145
39 years$1,280$817$505$304$179$130
40 years$1,235$778$473$280$163$117
41 years$1,191$740$444$259$148$105
42 years$1,150$705$416$239$134$94
43 years$1,110$672$391$220$122$84
44 years$1,073$640$367$203$110$76
45 years$1,037$611$344$188$100$68
46 years$1,003$583$323$174$91$61
47 years$971$556$304$160$83$55
48 years$940$531$286$148$75$49
49 years$910$507$268$137$68$44
50 years$882$484$252$127$62$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $903,000, adding $5,092 every year, while hoping to spend $38,925 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: 29/45/26 Blend
59$903,000$903,000$903,000$903,000
60$1,000,358$952,499$938,503$1,021,190
61$1,060,979$957,756$928,527$1,043,180
62$1,126,478$961,966$916,912$1,063,057
63$1,197,313$965,036$903,562$1,083,638
64$1,273,985$966,868$888,377$1,105,009
65$1,357,045$967,359$871,252$1,127,269
66$1,447,101$966,396$852,076$1,150,531
67$1,544,818$963,863$830,734$1,174,921
68$1,650,932$959,635$807,106$1,200,583
69$1,766,248$953,578$781,065$1,227,677
70$1,891,655$945,552$752,480$1,256,386
71$2,028,128$935,409$721,213$1,286,914
72$2,176,743$922,990$687,119$1,319,492
73$2,338,681$908,127$650,048$1,354,377
74$2,515,245$890,643$609,842$1,391,861
75$2,707,865$870,350$566,337$1,432,266
76$2,918,119$847,048$519,361$1,475,958
77$3,147,741$820,528$468,734$1,523,343
78$3,398,641$790,565$414,267$1,574,876
79$3,672,924$756,923$355,766$1,631,064
80$3,972,903$719,353$293,025$1,692,475
81$4,301,128$677,591$225,831$1,759,741
82$4,660,407$631,356$153,960$1,833,568
83$5,053,829$580,354$77,178$1,914,741
84$5,484,800$524,271$0$2,004,136
85$5,957,067$462,778$0$2,104,048
86$6,474,759$395,525$0$2,237,173
87$7,042,423$322,145$0$2,383,357
88$7,665,067$242,246$0$2,544,017
89$8,348,207$155,419$0$2,720,720
90$9,097,917$61,228$0$2,915,202
91$9,920,892$0$0$3,129,385
92$10,824,502$0$0$3,385,590
93$11,816,867$0$0$3,700,409
94$12,906,935$0$0$4,046,378
95$14,104,559$0$0$4,426,644
96$15,420,596$0$0$4,844,675
97$16,867,006$0$0$5,304,291
98$18,456,965$0$0$5,809,699
99$20,204,990$0$0$6,365,536
100$22,127,074$0$0$6,976,911