Can I retire at age 60 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$75,147$74,478$73,825$73,187$72,565$71,628
2 years$37,201$36,509$35,837$35,186$34,555$33,612
3 years$24,555$23,859$23,189$22,544$21,923$21,004
4 years$18,232$17,539$16,876$16,242$15,636$14,748
5 years$14,440$13,751$13,096$12,475$11,886$11,031
6 years$11,913$11,228$10,584$9,977$9,405$8,585
7 years$10,108$9,430$8,795$8,202$7,649$6,863
8 years$8,755$8,083$7,459$6,881$6,345$5,594
9 years$7,704$7,038$6,424$5,861$5,344$4,627
10 years$6,863$6,203$5,601$5,052$4,553$3,870
11 years$6,175$5,522$4,931$4,397$3,916$3,266
12 years$5,603$4,957$4,376$3,857$3,393$2,775
13 years$5,119$4,479$3,910$3,405$2,959$2,373
14 years$4,704$4,072$3,513$3,022$2,594$2,038
15 years$4,345$3,719$3,172$2,695$2,284$1,758
16 years$4,032$3,413$2,876$2,413$2,019$1,521
17 years$3,755$3,143$2,617$2,168$1,790$1,320
18 years$3,510$2,904$2,389$1,954$1,591$1,149
19 years$3,290$2,692$2,187$1,766$1,418$1,001
20 years$3,093$2,501$2,007$1,599$1,267$875
21 years$2,915$2,330$1,846$1,451$1,134$765
22 years$2,753$2,175$1,701$1,320$1,016$670
23 years$2,605$2,034$1,571$1,202$912$588
24 years$2,470$1,906$1,453$1,096$820$516
25 years$2,346$1,788$1,346$1,001$738$453
26 years$2,232$1,681$1,248$915$665$398
27 years$2,126$1,582$1,159$838$599$351
28 years$2,028$1,491$1,077$768$541$309
29 years$1,937$1,406$1,003$704$488$272
30 years$1,852$1,328$934$646$441$240
31 years$1,773$1,255$871$593$399$211
32 years$1,699$1,188$812$545$361$186
33 years$1,630$1,125$758$501$326$164
34 years$1,564$1,066$709$461$296$145
35 years$1,503$1,011$662$425$268$128
36 years$1,445$960$620$391$243$113
37 years$1,391$912$580$360$220$100
38 years$1,339$866$543$332$199$88
39 years$1,290$824$509$306$181$78
40 years$1,244$784$477$283$164$69
41 years$1,200$746$447$261$149$61
42 years$1,159$711$420$241$135$54
43 years$1,119$677$394$222$122$47
44 years$1,081$645$370$205$111$42
45 years$1,045$615$347$189$101$37
46 years$1,011$587$326$175$92$33
47 years$978$560$306$162$83$29
48 years$947$535$288$149$76$26
49 years$917$511$270$138$69$23
50 years$888$488$254$128$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $910,000, adding $2,712 every year, while hoping to spend $20,323 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: 27/45/28 Blend
59$910,000$910,000$910,000$910,000
60$1,005,617$957,387$943,282$1,023,948
61$1,086,567$982,676$953,259$1,064,298
62$1,175,092$1,008,522$962,888$1,105,666
63$1,271,944$1,034,933$972,138$1,149,668
64$1,377,951$1,061,912$980,973$1,196,544
65$1,494,022$1,089,467$989,356$1,246,557
66$1,621,162$1,117,600$997,248$1,299,996
67$1,760,474$1,146,316$1,004,610$1,357,180
68$1,913,176$1,175,619$1,011,398$1,418,460
69$2,080,607$1,205,512$1,017,567$1,484,223
70$2,264,243$1,235,996$1,023,070$1,554,897
71$2,465,710$1,267,074$1,027,857$1,630,949
72$2,686,797$1,298,745$1,031,875$1,712,900
73$2,929,477$1,331,011$1,035,069$1,801,319
74$3,195,923$1,363,869$1,037,383$1,896,835
75$3,488,526$1,397,318$1,038,755$2,000,143
76$3,809,924$1,431,354$1,039,121$2,112,007
77$4,163,019$1,465,974$1,038,414$2,233,268
78$4,551,011$1,501,171$1,036,566$2,364,857
79$4,977,425$1,536,939$1,033,501$2,507,798
80$5,446,142$1,573,269$1,029,143$2,663,219
81$5,961,441$1,610,151$1,023,412$2,832,365
82$6,528,034$1,647,574$1,016,222$3,016,608
83$7,151,112$1,685,524$1,007,484$3,217,462
84$7,836,397$1,723,986$997,107$3,436,594
85$8,590,191$1,762,943$984,991$3,675,844
86$9,419,438$1,802,375$971,036$3,937,238
87$10,331,790$1,842,260$955,134$4,223,012
88$11,335,675$1,882,574$937,174$4,535,631
89$12,440,384$1,923,290$917,039$4,877,812
90$13,656,149$1,964,377$894,606$5,252,550
91$14,994,248$2,005,803$869,748$5,663,149
92$16,467,106$2,047,533$842,329$6,113,249
93$18,088,414$2,089,525$812,210$6,606,865
94$19,873,258$2,131,737$779,245$7,148,422
95$21,838,261$2,174,123$743,280$7,742,801
96$24,001,739$2,216,630$704,155$8,395,381
97$26,383,874$2,259,203$661,702$9,112,093
98$29,006,907$2,301,782$615,747$9,899,473
99$31,895,344$2,344,301$566,107$10,764,732
100$35,076,188$2,386,691$512,590$11,715,814