Can I retire at age 60 with 910,000?

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 $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%11.8%
1 years$75,147$74,478$73,825$73,187$72,565$72,017
2 years$37,201$36,509$35,837$35,186$34,555$34,002
3 years$24,555$23,859$23,189$22,544$21,923$21,383
4 years$18,232$17,539$16,876$16,242$15,636$15,113
5 years$14,440$13,751$13,096$12,475$11,886$11,381
6 years$11,913$11,228$10,584$9,977$9,405$8,919
7 years$10,108$9,430$8,795$8,202$7,649$7,182
8 years$8,755$8,083$7,459$6,881$6,345$5,898
9 years$7,704$7,038$6,424$5,861$5,344$4,915
10 years$6,863$6,203$5,601$5,052$4,553$4,144
11 years$6,175$5,522$4,931$4,397$3,916$3,525
12 years$5,603$4,957$4,376$3,857$3,393$3,021
13 years$5,119$4,479$3,910$3,405$2,959$2,604
14 years$4,704$4,072$3,513$3,022$2,594$2,256
15 years$4,345$3,719$3,172$2,695$2,284$1,963
16 years$4,032$3,413$2,876$2,413$2,019$1,714
17 years$3,755$3,143$2,617$2,168$1,790$1,501
18 years$3,510$2,904$2,389$1,954$1,591$1,318
19 years$3,290$2,692$2,187$1,766$1,418$1,160
20 years$3,093$2,501$2,007$1,599$1,267$1,023
21 years$2,915$2,330$1,846$1,451$1,134$903
22 years$2,753$2,175$1,701$1,320$1,016$799
23 years$2,605$2,034$1,571$1,202$912$708
24 years$2,470$1,906$1,453$1,096$820$628
25 years$2,346$1,788$1,346$1,001$738$557
26 years$2,232$1,681$1,248$915$665$495
27 years$2,126$1,582$1,159$838$599$440
28 years$2,028$1,491$1,077$768$541$391
29 years$1,937$1,406$1,003$704$488$348
30 years$1,852$1,328$934$646$441$310
31 years$1,773$1,255$871$593$399$276
32 years$1,699$1,188$812$545$361$246
33 years$1,630$1,125$758$501$326$220
34 years$1,564$1,066$709$461$296$196
35 years$1,503$1,011$662$425$268$175
36 years$1,445$960$620$391$243$156
37 years$1,391$912$580$360$220$139
38 years$1,339$866$543$332$199$124
39 years$1,290$824$509$306$181$111
40 years$1,244$784$477$283$164$99
41 years$1,200$746$447$261$149$89
42 years$1,159$711$420$241$135$79
43 years$1,119$677$394$222$122$71
44 years$1,081$645$370$205$111$63
45 years$1,045$615$347$189$101$57
46 years$1,011$587$326$175$92$51
47 years$978$560$306$162$83$45
48 years$947$535$288$149$76$40
49 years$917$511$270$138$69$36
50 years$888$488$254$128$62$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $910,000, adding $3,292 every year, while hoping to spend $24,128 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: 53/25/22 Blend
59$910,000$910,000$910,000$910,000
60$1,006,216$957,986$943,881$1,053,282
61$1,083,178$979,255$949,829$1,107,304
62$1,167,181$1,000,758$955,167$1,163,280
63$1,258,919$1,022,480$959,851$1,223,683
64$1,359,153$1,044,406$963,830$1,288,945
65$1,468,724$1,066,520$967,056$1,359,539
66$1,588,556$1,088,801$969,474$1,435,988
67$1,719,666$1,111,230$971,029$1,518,869
68$1,863,175$1,133,783$971,662$1,608,818
69$2,020,318$1,156,437$971,311$1,706,534
70$2,192,453$1,179,165$969,912$1,812,789
71$2,381,076$1,201,937$967,398$1,928,436
72$2,587,836$1,224,723$963,696$2,054,411
73$2,814,549$1,247,487$958,733$2,191,750
74$3,063,212$1,270,194$952,430$2,341,593
75$3,336,029$1,292,803$944,706$2,505,197
76$3,635,426$1,315,271$935,475$2,683,947
77$3,964,073$1,337,553$924,647$2,879,373
78$4,324,913$1,359,598$912,128$3,093,159
79$4,721,190$1,381,354$897,819$3,327,161
80$5,156,473$1,402,762$881,618$3,583,427
81$5,634,697$1,423,762$863,416$3,864,215
82$6,160,197$1,444,287$843,101$4,172,013
83$6,737,746$1,464,266$820,555$4,509,564
84$7,372,606$1,483,625$795,653$4,879,893
85$8,070,571$1,502,282$768,266$5,286,334
86$8,838,026$1,520,150$738,260$5,732,562
87$9,682,006$1,537,139$705,493$6,222,632
88$10,610,260$1,553,148$669,817$6,761,008
89$11,631,329$1,568,074$631,077$7,352,617
90$12,754,619$1,581,804$589,113$8,002,887
91$13,990,496$1,594,219$543,755$8,717,803
92$15,350,383$1,605,192$494,827$9,503,962
93$16,846,863$1,614,588$442,145$10,368,638
94$18,493,803$1,622,262$385,516$11,319,847
95$20,306,480$1,628,062$324,740$12,366,428
96$22,301,729$1,631,825$259,607$13,518,121
97$24,498,099$1,633,378$189,897$14,785,667
98$26,916,028$1,632,537$115,382$16,180,902
99$29,578,039$1,629,108$35,824$17,716,875
100$32,508,947$1,622,882$0$19,407,969