Can I retire at age 60 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$75,560$74,887$74,230$73,589$72,963$72,382
2 years$37,406$36,709$36,034$35,379$34,744$34,159
3 years$24,690$23,990$23,316$22,668$22,043$21,471
4 years$18,333$17,635$16,968$16,331$15,721$15,167
5 years$14,519$13,826$13,168$12,544$11,951$11,416
6 years$11,978$11,290$10,642$10,031$9,457$8,942
7 years$10,164$9,481$8,843$8,247$7,691$7,196
8 years$8,803$8,127$7,500$6,918$6,380$5,906
9 years$7,746$7,076$6,460$5,893$5,373$4,920
10 years$6,901$6,237$5,632$5,080$4,578$4,145
11 years$6,209$5,553$4,958$4,421$3,937$3,524
12 years$5,634$4,984$4,400$3,878$3,412$3,018
13 years$5,147$4,504$3,931$3,424$2,975$2,600
14 years$4,730$4,094$3,532$3,039$2,608$2,251
15 years$4,369$3,740$3,189$2,710$2,296$1,957
16 years$4,054$3,431$2,891$2,427$2,030$1,708
17 years$3,776$3,160$2,631$2,180$1,800$1,495
18 years$3,529$2,920$2,402$1,965$1,600$1,312
19 years$3,308$2,706$2,199$1,776$1,426$1,153
20 years$3,110$2,515$2,018$1,608$1,274$1,016
21 years$2,931$2,342$1,856$1,459$1,140$897
22 years$2,768$2,187$1,711$1,327$1,022$793
23 years$2,620$2,045$1,580$1,208$917$702
24 years$2,484$1,916$1,461$1,102$824$622
25 years$2,359$1,798$1,353$1,007$742$551
26 years$2,244$1,690$1,255$920$668$489
27 years$2,138$1,590$1,165$842$603$435
28 years$2,039$1,499$1,083$772$544$386
29 years$1,948$1,414$1,008$708$491$344
30 years$1,863$1,335$939$650$444$306
31 years$1,783$1,262$875$597$401$272
32 years$1,708$1,194$817$548$363$242
33 years$1,639$1,131$763$504$328$216
34 years$1,573$1,072$712$464$297$193
35 years$1,511$1,017$666$427$269$172
36 years$1,453$965$623$393$244$153
37 years$1,398$917$583$362$221$137
38 years$1,347$871$546$334$200$122
39 years$1,297$828$512$308$182$109
40 years$1,251$788$480$284$165$97
41 years$1,207$750$450$262$150$87
42 years$1,165$714$422$242$136$77
43 years$1,125$681$396$223$123$69
44 years$1,087$649$372$206$112$62
45 years$1,051$619$349$190$101$55
46 years$1,017$590$328$176$92$49
47 years$984$563$308$162$84$44
48 years$952$538$289$150$76$39
49 years$922$514$272$139$69$35
50 years$893$491$256$128$63$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $915,000, adding $5,473 every year, while hoping to spend $51,290 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: 59/33/8 Blend
59$915,000$915,000$915,000$915,000
60$1,013,975$965,480$951,298$1,071,694
61$1,062,829$958,217$928,594$1,103,825
62$1,114,946$948,878$903,411$1,132,532
63$1,170,606$937,309$875,611$1,162,557
64$1,230,115$923,344$845,050$1,194,032
65$1,293,806$906,807$811,580$1,227,100
66$1,362,048$887,515$775,041$1,261,924
67$1,435,244$865,270$735,272$1,298,685
68$1,513,835$839,864$692,099$1,337,582
69$1,598,306$811,077$645,345$1,378,842
70$1,689,190$778,677$594,821$1,422,714
71$1,787,072$742,417$540,332$1,469,477
72$1,892,594$702,035$481,673$1,519,441
73$2,006,461$657,258$418,632$1,572,954
74$2,129,448$607,792$350,984$1,630,398
75$2,262,408$553,329$278,498$1,692,202
76$2,406,275$493,544$200,930$1,758,843
77$2,562,080$428,093$118,026$1,830,848
78$2,730,954$356,611$29,521$1,908,807
79$2,914,140$278,713$0$1,993,372
80$3,113,006$193,995$0$2,090,811
81$3,329,059$102,026$0$2,199,436
82$3,563,952$2,355$0$2,317,644
83$3,819,507$0$0$2,446,453
84$4,097,728$0$0$2,625,302
85$4,400,820$0$0$2,821,139
86$4,731,208$0$0$3,034,685
87$5,091,563$0$0$3,267,675
88$5,484,824$0$0$3,522,018
89$5,914,226$0$0$3,799,818
90$6,383,331$0$0$4,103,387
91$6,896,059$0$0$4,435,274
92$7,456,726$0$0$4,798,284
93$8,070,086$0$0$5,195,505
94$8,741,370$0$0$5,630,339
95$9,476,342$0$0$6,106,529
96$10,281,346$0$0$6,628,201
97$11,163,371$0$0$7,199,895
98$12,130,112$0$0$7,826,614
99$13,190,046$0$0$8,513,868
100$14,352,506$0$0$9,267,722