Can I retire at age 60 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$75,230$74,559$73,906$73,268$72,644$71,529
2 years$37,242$36,549$35,877$35,225$34,593$33,472
3 years$24,582$23,885$23,214$22,569$21,947$20,855
4 years$18,252$17,558$16,894$16,260$15,653$14,599
5 years$14,456$13,766$13,111$12,489$11,899$10,886
6 years$11,926$11,241$10,595$9,987$9,415$8,444
7 years$10,119$9,440$8,805$8,211$7,657$6,728
8 years$8,765$8,092$7,467$6,888$6,352$5,465
9 years$7,712$7,045$6,431$5,867$5,350$4,504
10 years$6,870$6,210$5,607$5,058$4,558$3,753
11 years$6,182$5,529$4,936$4,402$3,920$3,156
12 years$5,609$4,962$4,381$3,861$3,397$2,672
13 years$5,125$4,484$3,914$3,409$2,962$2,275
14 years$4,710$4,076$3,517$3,026$2,597$1,946
15 years$4,350$3,724$3,175$2,698$2,286$1,672
16 years$4,036$3,416$2,879$2,416$2,021$1,441
17 years$3,759$3,146$2,620$2,171$1,792$1,245
18 years$3,513$2,907$2,391$1,956$1,593$1,079
19 years$3,294$2,694$2,189$1,768$1,420$936
20 years$3,096$2,504$2,009$1,601$1,268$814
21 years$2,918$2,332$1,848$1,453$1,135$709
22 years$2,756$2,177$1,703$1,321$1,017$618
23 years$2,608$2,036$1,573$1,203$913$539
24 years$2,473$1,908$1,454$1,097$821$471
25 years$2,349$1,790$1,347$1,002$739$412
26 years$2,234$1,683$1,249$916$665$361
27 years$2,128$1,584$1,160$839$600$316
28 years$2,030$1,492$1,078$768$541$277
29 years$1,939$1,408$1,004$705$489$243
30 years$1,854$1,329$935$647$442$213
31 years$1,775$1,257$872$594$399$187
32 years$1,701$1,189$813$546$361$164
33 years$1,631$1,126$759$502$327$144
34 years$1,566$1,067$709$462$296$126
35 years$1,505$1,012$663$425$268$111
36 years$1,447$961$620$392$243$97
37 years$1,392$913$581$361$220$85
38 years$1,341$867$544$333$200$75
39 years$1,292$825$509$307$181$66
40 years$1,245$785$478$283$164$58
41 years$1,202$747$448$261$149$51
42 years$1,160$711$420$241$135$45
43 years$1,120$678$394$222$123$39
44 years$1,082$646$370$205$111$35
45 years$1,046$616$347$190$101$30
46 years$1,012$588$326$175$92$27
47 years$979$561$307$162$83$24
48 years$948$535$288$149$76$21
49 years$918$511$271$138$69$18
50 years$889$488$255$128$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $911,000, adding $4,521 every year, while hoping to spend $50,934 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: 32/48/20 Blend
59$911,000$911,000$911,000$911,000
60$1,008,585$960,302$946,182$1,034,482
61$1,057,268$953,164$923,686$1,047,104
62$1,109,209$943,968$898,729$1,055,739
63$1,164,687$932,562$871,175$1,063,975
64$1,224,007$918,779$840,881$1,071,807
65$1,287,504$902,448$807,700$1,079,234
66$1,355,546$883,385$771,474$1,086,263
67$1,428,534$861,393$732,041$1,092,903
68$1,506,912$836,268$689,231$1,099,172
69$1,591,162$807,791$642,866$1,105,092
70$1,681,818$775,730$592,759$1,110,699
71$1,779,465$739,842$538,718$1,116,034
72$1,884,743$699,867$480,538$1,121,152
73$1,998,359$655,533$418,008$1,126,120
74$2,121,087$606,549$350,907$1,131,020
75$2,253,779$552,611$279,003$1,135,952
76$2,397,369$493,394$202,054$1,141,031
77$2,552,888$428,557$119,810$1,146,397
78$2,721,465$357,739$32,007$1,152,214
79$2,904,345$280,559$0$1,158,670
80$3,102,896$196,614$0$1,179,152
81$3,318,621$105,478$0$1,208,894
82$3,553,177$6,702$0$1,241,416
83$3,808,382$0$0$1,277,119
84$4,086,242$0$0$1,369,377
85$4,388,959$0$0$1,473,872
86$4,718,959$0$0$1,587,917
87$5,078,913$0$0$1,712,452
88$5,471,759$0$0$1,848,510
89$5,900,732$0$0$1,997,229
90$6,369,391$0$0$2,159,864
91$6,881,657$0$0$2,337,793
92$7,441,846$0$0$2,532,536
93$8,054,710$0$0$2,745,766
94$8,725,480$0$0$2,979,325
95$9,459,918$0$0$3,235,242
96$10,264,369$0$0$3,515,751
97$11,145,819$0$0$3,823,314
98$12,111,963$0$0$4,160,640
99$13,171,276$0$0$4,530,714
100$14,333,092$0$0$4,936,826