Can I retire at age 60 with 911,000?

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 $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%19.9%
1 years$75,230$74,559$73,906$73,268$72,644$69,762
2 years$37,242$36,549$35,877$35,225$34,593$31,724
3 years$24,582$23,885$23,214$22,569$21,947$19,183
4 years$18,252$17,558$16,894$16,260$15,653$13,015
5 years$14,456$13,766$13,111$12,489$11,899$9,393
6 years$11,926$11,241$10,595$9,987$9,415$7,043
7 years$10,119$9,440$8,805$8,211$7,657$5,418
8 years$8,765$8,092$7,467$6,888$6,352$4,244
9 years$7,712$7,045$6,431$5,867$5,350$3,369
10 years$6,870$6,210$5,607$5,058$4,558$2,701
11 years$6,182$5,529$4,936$4,402$3,920$2,182
12 years$5,609$4,962$4,381$3,861$3,397$1,774
13 years$5,125$4,484$3,914$3,409$2,962$1,449
14 years$4,710$4,076$3,517$3,026$2,597$1,188
15 years$4,350$3,724$3,175$2,698$2,286$977
16 years$4,036$3,416$2,879$2,416$2,021$805
17 years$3,759$3,146$2,620$2,171$1,792$665
18 years$3,513$2,907$2,391$1,956$1,593$550
19 years$3,294$2,694$2,189$1,768$1,420$456
20 years$3,096$2,504$2,009$1,601$1,268$378
21 years$2,918$2,332$1,848$1,453$1,135$314
22 years$2,756$2,177$1,703$1,321$1,017$261
23 years$2,608$2,036$1,573$1,203$913$217
24 years$2,473$1,908$1,454$1,097$821$180
25 years$2,349$1,790$1,347$1,002$739$150
26 years$2,234$1,683$1,249$916$665$125
27 years$2,128$1,584$1,160$839$600$104
28 years$2,030$1,492$1,078$768$541$87
29 years$1,939$1,408$1,004$705$489$72
30 years$1,854$1,329$935$647$442$60
31 years$1,775$1,257$872$594$399$50
32 years$1,701$1,189$813$546$361$42
33 years$1,631$1,126$759$502$327$35
34 years$1,566$1,067$709$462$296$29
35 years$1,505$1,012$663$425$268$24
36 years$1,447$961$620$392$243$20
37 years$1,392$913$581$361$220$17
38 years$1,341$867$544$333$200$14
39 years$1,292$825$509$307$181$12
40 years$1,245$785$478$283$164$10
41 years$1,202$747$448$261$149$8
42 years$1,160$711$420$241$135$7
43 years$1,120$678$394$222$123$6
44 years$1,082$646$370$205$111$5
45 years$1,046$616$347$190$101$4
46 years$1,012$588$326$175$92$3
47 years$979$561$307$162$83$3
48 years$948$535$288$149$76$2
49 years$918$511$271$138$69$2
50 years$889$488$255$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $911,000, adding $2,843 every year, while hoping to spend $39,802 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: 34/36/30 Blend
59$911,000$911,000$911,000$911,000
60$1,006,855$958,572$944,451$1,031,887
61$1,067,205$963,193$933,741$1,055,748
62$1,132,377$966,706$921,338$1,077,731
63$1,202,820$969,016$907,144$1,100,682
64$1,279,029$970,019$891,055$1,124,715
65$1,361,548$969,607$872,963$1,149,960
66$1,450,973$967,665$852,755$1,176,561
67$1,547,962$964,071$830,312$1,204,682
68$1,653,237$958,693$805,510$1,234,506
69$1,767,592$951,394$778,220$1,266,238
70$1,891,902$942,028$748,306$1,300,109
71$2,027,128$930,440$715,626$1,336,377
72$2,174,329$916,464$680,033$1,375,330
73$2,334,667$899,928$641,371$1,417,291
74$2,509,424$880,646$599,478$1,462,619
75$2,700,010$858,422$554,185$1,511,717
76$2,907,977$833,050$505,316$1,565,033
77$3,135,032$804,311$452,685$1,623,067
78$3,383,055$771,973$396,101$1,686,377
79$3,654,117$735,790$335,360$1,755,583
80$3,950,496$695,502$270,254$1,831,375
81$4,274,701$650,836$200,561$1,914,522
82$4,629,494$601,500$126,053$2,005,878
83$5,017,917$547,189$46,491$2,106,394
84$5,443,320$487,577$0$2,217,124
85$5,909,392$422,321$0$2,351,537
86$6,420,196$351,060$0$2,515,318
87$6,980,204$273,411$0$2,695,101
88$7,594,346$188,969$0$2,892,579
89$8,268,048$97,307$0$3,109,623
90$9,007,289$0$0$3,348,303
91$9,818,653$0$0$3,611,707
92$10,709,394$0$0$3,943,334
93$11,687,502$0$0$4,307,630
94$12,761,777$0$0$4,707,889
95$13,941,917$0$0$5,147,742
96$15,238,601$0$0$5,631,190
97$16,663,598$0$0$6,162,637
98$18,229,869$0$0$6,746,940
99$19,951,699$0$0$7,389,447
100$21,844,819$0$0$8,096,051