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%16.5%
1 years$75,230$74,559$73,906$73,268$72,644$70,716
2 years$37,242$36,549$35,877$35,225$34,593$32,663
3 years$24,582$23,885$23,214$22,569$21,947$20,077
4 years$18,252$17,558$16,894$16,260$15,653$13,857
5 years$14,456$13,766$13,111$12,489$11,899$10,182
6 years$11,926$11,241$10,595$9,987$9,415$7,778
7 years$10,119$9,440$8,805$8,211$7,657$6,101
8 years$8,765$8,092$7,467$6,888$6,352$4,876
9 years$7,712$7,045$6,431$5,867$5,350$3,951
10 years$6,870$6,210$5,607$5,058$4,558$3,236
11 years$6,182$5,529$4,936$4,402$3,920$2,673
12 years$5,609$4,962$4,381$3,861$3,397$2,222
13 years$5,125$4,484$3,914$3,409$2,962$1,857
14 years$4,710$4,076$3,517$3,026$2,597$1,559
15 years$4,350$3,724$3,175$2,698$2,286$1,314
16 years$4,036$3,416$2,879$2,416$2,021$1,110
17 years$3,759$3,146$2,620$2,171$1,792$940
18 years$3,513$2,907$2,391$1,956$1,593$798
19 years$3,294$2,694$2,189$1,768$1,420$678
20 years$3,096$2,504$2,009$1,601$1,268$577
21 years$2,918$2,332$1,848$1,453$1,135$492
22 years$2,756$2,177$1,703$1,321$1,017$420
23 years$2,608$2,036$1,573$1,203$913$359
24 years$2,473$1,908$1,454$1,097$821$307
25 years$2,349$1,790$1,347$1,002$739$262
26 years$2,234$1,683$1,249$916$665$224
27 years$2,128$1,584$1,160$839$600$192
28 years$2,030$1,492$1,078$768$541$164
29 years$1,939$1,408$1,004$705$489$141
30 years$1,854$1,329$935$647$442$121
31 years$1,775$1,257$872$594$399$103
32 years$1,701$1,189$813$546$361$89
33 years$1,631$1,126$759$502$327$76
34 years$1,566$1,067$709$462$296$65
35 years$1,505$1,012$663$425$268$56
36 years$1,447$961$620$392$243$48
37 years$1,392$913$581$361$220$41
38 years$1,341$867$544$333$200$35
39 years$1,292$825$509$307$181$30
40 years$1,245$785$478$283$164$26
41 years$1,202$747$448$261$149$22
42 years$1,160$711$420$241$135$19
43 years$1,120$678$394$222$123$16
44 years$1,082$646$370$205$111$14
45 years$1,046$616$347$190$101$12
46 years$1,012$588$326$175$92$10
47 years$979$561$307$162$83$9
48 years$948$535$288$149$76$8
49 years$918$511$271$138$69$7
50 years$889$488$255$128$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $911,000, adding $6,241 every year, while hoping to spend $50,314 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: 36/36/28 Blend
59$911,000$911,000$911,000$911,000
60$1,010,360$962,077$947,956$1,038,058
61$1,059,883$955,685$926,179$1,052,811
62$1,112,771$947,293$901,986$1,063,731
63$1,169,314$936,751$875,243$1,074,553
64$1,229,830$923,898$845,810$1,085,305
65$1,294,668$908,565$813,540$1,096,016
66$1,364,211$890,571$778,280$1,106,728
67$1,438,878$869,726$739,870$1,117,489
68$1,519,130$845,829$698,142$1,128,356
69$1,605,472$818,666$652,921$1,139,399
70$1,698,460$788,010$604,023$1,150,700
71$1,798,703$753,623$551,259$1,162,356
72$1,906,872$715,252$494,427$1,174,479
73$2,023,702$672,628$433,319$1,187,199
74$2,150,002$625,470$367,718$1,200,668
75$2,286,661$573,476$297,395$1,215,060
76$2,434,656$516,332$222,114$1,230,573
77$2,595,062$453,703$141,625$1,247,437
78$2,769,059$385,235$55,670$1,265,912
79$2,957,946$310,555$0$1,286,294
80$3,163,153$229,269$0$1,319,692
81$3,386,252$140,960$0$1,374,165
82$3,628,970$45,188$0$1,433,582
83$3,893,212$0$0$1,498,521
84$4,181,070$0$0$1,592,806
85$4,494,848$0$0$1,715,212
86$4,837,082$0$0$1,848,842
87$5,210,562$0$0$1,994,800
88$5,618,361$0$0$2,154,303
89$6,063,858$0$0$2,328,690
90$6,550,778$0$0$2,519,437
91$7,083,219$0$0$2,728,166
92$7,665,692$0$0$2,956,665
93$8,303,168$0$0$3,206,904
94$9,001,116$0$0$3,481,050
95$9,765,563$0$0$3,781,490
96$10,603,143$0$0$4,110,854
97$11,521,163$0$0$4,472,039
98$12,527,670$0$0$4,868,234
99$13,631,529$0$0$5,302,951
100$14,842,502$0$0$5,780,063