Can I retire at age 60 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$74,817$74,150$73,500$72,865$72,246$69,821
2 years$37,038$36,348$35,680$35,031$34,403$31,984
3 years$24,447$23,754$23,087$22,445$21,826$19,490
4 years$18,152$17,462$16,801$16,170$15,567$13,330
5 years$14,377$13,690$13,039$12,420$11,834$9,702
6 years$11,860$11,179$10,537$9,933$9,364$7,339
7 years$10,064$9,388$8,756$8,166$7,615$5,698
8 years$8,717$8,047$7,426$6,850$6,317$4,505
9 years$7,670$7,007$6,396$5,835$5,320$3,611
10 years$6,833$6,176$5,576$5,030$4,533$2,925
11 years$6,148$5,498$4,909$4,377$3,899$2,388
12 years$5,578$4,935$4,357$3,840$3,378$1,962
13 years$5,096$4,460$3,893$3,390$2,946$1,620
14 years$4,684$4,054$3,497$3,009$2,583$1,343
15 years$4,326$3,703$3,158$2,684$2,274$1,117
16 years$4,014$3,398$2,863$2,403$2,010$932
17 years$3,739$3,129$2,605$2,159$1,782$779
18 years$3,494$2,891$2,378$1,946$1,584$652
19 years$3,276$2,680$2,177$1,758$1,412$547
20 years$3,079$2,490$1,998$1,592$1,261$459
21 years$2,902$2,319$1,838$1,445$1,129$386
22 years$2,741$2,165$1,694$1,314$1,012$325
23 years$2,594$2,025$1,564$1,197$908$274
24 years$2,459$1,897$1,446$1,091$816$230
25 years$2,336$1,780$1,340$997$735$194
26 years$2,222$1,673$1,242$911$662$164
27 years$2,117$1,575$1,154$834$597$138
28 years$2,019$1,484$1,073$764$538$117
29 years$1,929$1,400$998$701$486$98
30 years$1,844$1,322$930$643$439$83
31 years$1,765$1,250$867$591$397$70
32 years$1,692$1,183$809$543$359$59
33 years$1,623$1,120$755$499$325$50
34 years$1,558$1,061$705$459$294$42
35 years$1,496$1,007$660$423$267$36
36 years$1,439$956$617$389$242$30
37 years$1,385$908$578$359$219$26
38 years$1,333$863$541$331$198$22
39 years$1,285$820$507$305$180$18
40 years$1,239$780$475$281$163$15
41 years$1,195$743$445$260$148$13
42 years$1,153$707$418$239$134$11
43 years$1,114$674$392$221$122$9
44 years$1,076$642$368$204$111$8
45 years$1,041$613$345$189$100$7
46 years$1,007$584$324$174$91$6
47 years$974$558$305$161$83$5
48 years$943$532$286$149$75$4
49 years$913$508$269$137$68$3
50 years$885$486$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $906,000, adding $4,301 every year, while hoping to spend $25,428 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: 57/22/21 Blend
59$906,000$906,000$906,000$906,000
60$1,002,848$954,830$940,787$1,054,132
61$1,078,084$974,562$945,249$1,109,304
62$1,160,141$994,408$949,007$1,166,308
63$1,249,689$1,014,348$952,012$1,227,877
64$1,347,464$1,034,357$954,211$1,294,457
65$1,454,276$1,054,412$955,549$1,366,540
66$1,571,019$1,074,485$955,966$1,444,667
67$1,698,675$1,094,546$955,403$1,529,436
68$1,838,324$1,114,564$953,793$1,621,504
69$1,991,159$1,134,503$951,071$1,721,597
70$2,158,491$1,154,328$947,166$1,830,515
71$2,341,764$1,173,997$942,003$1,949,141
72$2,542,569$1,193,468$935,505$2,078,446
73$2,762,658$1,212,694$927,591$2,219,502
74$3,003,958$1,231,625$918,175$2,373,492
75$3,268,596$1,250,209$907,168$2,541,719
76$3,558,912$1,268,388$894,477$2,725,619
77$3,877,482$1,286,101$880,003$2,926,775
78$4,227,147$1,303,282$863,645$3,146,935
79$4,611,034$1,319,860$845,295$3,388,023
80$5,032,588$1,335,762$824,841$3,652,161
81$5,495,605$1,350,907$802,166$3,941,690
82$6,004,264$1,365,208$777,146$4,259,190
83$6,563,172$1,378,577$749,653$4,607,505
84$7,177,402$1,390,914$719,553$4,989,770
85$7,852,545$1,402,116$686,706$5,409,443
86$8,594,758$1,412,073$650,964$5,870,333
87$9,410,826$1,420,668$612,174$6,376,644
88$10,308,224$1,427,775$570,176$6,933,006
89$11,295,189$1,433,261$524,803$7,544,526
90$12,380,792$1,436,985$475,878$8,216,832
91$13,575,033$1,438,797$423,219$8,956,130
92$14,888,924$1,438,537$366,636$9,769,262
93$16,334,604$1,436,034$305,927$10,663,767
94$17,925,444$1,431,110$240,886$11,647,960
95$19,676,178$1,423,574$171,295$12,731,003
96$21,603,041$1,413,221$96,925$13,922,998
97$23,723,920$1,399,838$17,541$15,235,081
98$26,058,526$1,383,196$0$16,679,526
99$28,628,577$1,363,054$0$18,284,916
100$31,458,003$1,339,155$0$20,056,286