Can I retire at age 60 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$75,395$74,723$74,068$73,428$72,804$71,189
2 years$37,324$36,629$35,955$35,302$34,669$33,049
3 years$24,636$23,937$23,265$22,618$21,995$20,423
4 years$18,293$17,597$16,931$16,295$15,687$14,174
5 years$14,488$13,796$13,139$12,516$11,925$10,475
6 years$11,952$11,265$10,619$10,009$9,436$8,051
7 years$10,141$9,461$8,824$8,229$7,674$6,354
8 years$8,784$8,110$7,484$6,903$6,366$5,111
9 years$7,729$7,061$6,446$5,880$5,361$4,169
10 years$6,886$6,224$5,619$5,069$4,568$3,438
11 years$6,196$5,541$4,947$4,411$3,929$2,860
12 years$5,621$4,973$4,391$3,869$3,405$2,395
13 years$5,136$4,494$3,923$3,416$2,969$2,016
14 years$4,720$4,085$3,525$3,032$2,602$1,705
15 years$4,360$3,732$3,182$2,704$2,291$1,448
16 years$4,045$3,424$2,885$2,421$2,025$1,233
17 years$3,767$3,153$2,625$2,176$1,796$1,053
18 years$3,521$2,914$2,397$1,961$1,597$901
19 years$3,301$2,700$2,194$1,772$1,423$772
20 years$3,103$2,509$2,014$1,605$1,271$663
21 years$2,924$2,337$1,852$1,456$1,138$570
22 years$2,762$2,182$1,707$1,324$1,020$490
23 years$2,614$2,041$1,576$1,206$915$422
24 years$2,478$1,912$1,458$1,100$823$364
25 years$2,354$1,794$1,350$1,004$740$314
26 years$2,239$1,686$1,252$918$667$271
27 years$2,133$1,587$1,163$841$601$234
28 years$2,035$1,495$1,081$770$542$202
29 years$1,944$1,411$1,006$706$490$175
30 years$1,858$1,332$937$648$443$151
31 years$1,779$1,259$873$595$400$131
32 years$1,705$1,192$815$547$362$113
33 years$1,635$1,129$761$503$328$98
34 years$1,570$1,070$711$463$297$85
35 years$1,508$1,015$665$426$269$73
36 years$1,450$963$622$392$243$64
37 years$1,395$915$582$362$221$55
38 years$1,344$869$545$333$200$48
39 years$1,295$826$511$307$181$41
40 years$1,248$786$479$283$164$36
41 years$1,204$749$449$262$149$31
42 years$1,162$713$421$241$135$27
43 years$1,123$679$395$223$123$23
44 years$1,085$647$371$206$112$20
45 years$1,049$617$348$190$101$17
46 years$1,014$589$327$175$92$15
47 years$981$562$307$162$83$13
48 years$950$537$289$150$76$11
49 years$920$512$271$138$69$10
50 years$891$489$255$128$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $913,000, adding $4,023 every year, while hoping to spend $23,628 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: 73/14/13 Blend
59$913,000$913,000$913,000$913,000
60$1,010,276$961,887$947,735$1,080,967
61$1,088,184$983,879$954,344$1,150,268
62$1,173,247$1,006,157$960,383$1,222,848
63$1,266,169$1,028,710$965,807$1,301,711
64$1,367,727$1,051,526$970,570$1,387,474
65$1,478,775$1,074,590$974,624$1,480,813
66$1,600,253$1,097,888$977,917$1,582,478
67$1,733,197$1,121,403$980,395$1,693,292
68$1,878,747$1,145,116$982,003$1,814,162
69$2,038,160$1,169,007$982,680$1,946,087
70$2,212,818$1,193,054$982,366$2,090,168
71$2,404,244$1,217,232$980,994$2,247,619
72$2,614,115$1,241,515$978,496$2,419,775
73$2,844,280$1,265,874$974,800$2,608,110
74$3,096,773$1,290,278$969,832$2,814,245
75$3,373,834$1,314,693$963,512$3,039,968
76$3,677,933$1,339,081$955,758$3,287,248
77$4,011,790$1,363,403$946,483$3,558,257
78$4,378,399$1,387,617$935,597$3,855,384
79$4,781,061$1,411,675$923,005$4,181,265
80$5,223,410$1,435,528$908,606$4,538,804
81$5,709,451$1,459,122$892,298$4,931,201
82$6,243,596$1,482,400$873,971$5,361,982
83$6,830,705$1,505,299$853,511$5,835,032
84$7,476,132$1,527,754$830,799$6,354,633
85$8,185,777$1,549,693$805,709$6,925,503
86$8,966,138$1,571,040$778,113$7,552,842
87$9,824,377$1,591,714$747,872$8,242,382
88$10,768,382$1,611,627$714,845$9,000,435
89$11,806,846$1,630,686$678,881$9,833,962
90$12,949,347$1,648,792$639,826$10,750,631
91$14,206,436$1,665,838$597,516$11,758,895
92$15,589,740$1,681,712$551,780$12,868,066
93$17,112,069$1,696,292$502,441$14,088,409
94$18,787,541$1,709,450$449,313$15,431,236
95$20,631,706$1,721,050$392,201$16,909,012
96$22,661,703$1,730,944$330,903$18,535,476
97$24,896,415$1,738,979$265,207$20,325,766
98$27,356,649$1,744,988$194,891$22,296,569
99$30,065,332$1,748,798$119,724$24,466,270
100$33,047,727$1,750,220$39,467$26,855,134