Can I retire at age 60 with 915,000?

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 $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%17%
1 years$75,560$74,887$74,230$73,589$72,963$70,883
2 years$37,406$36,709$36,034$35,379$34,744$32,665
3 years$24,690$23,990$23,316$22,668$22,043$20,030
4 years$18,333$17,635$16,968$16,331$15,721$13,789
5 years$14,519$13,826$13,168$12,544$11,951$10,105
6 years$11,978$11,290$10,642$10,031$9,457$7,699
7 years$10,164$9,481$8,843$8,247$7,691$6,021
8 years$8,803$8,127$7,500$6,918$6,380$4,798
9 years$7,746$7,076$6,460$5,893$5,373$3,877
10 years$6,901$6,237$5,632$5,080$4,578$3,165
11 years$6,209$5,553$4,958$4,421$3,937$2,606
12 years$5,634$4,984$4,400$3,878$3,412$2,160
13 years$5,147$4,504$3,931$3,424$2,975$1,799
14 years$4,730$4,094$3,532$3,039$2,608$1,505
15 years$4,369$3,740$3,189$2,710$2,296$1,263
16 years$4,054$3,431$2,891$2,427$2,030$1,064
17 years$3,776$3,160$2,631$2,180$1,800$897
18 years$3,529$2,920$2,402$1,965$1,600$759
19 years$3,308$2,706$2,199$1,776$1,426$643
20 years$3,110$2,515$2,018$1,608$1,274$545
21 years$2,931$2,342$1,856$1,459$1,140$463
22 years$2,768$2,187$1,711$1,327$1,022$393
23 years$2,620$2,045$1,580$1,208$917$335
24 years$2,484$1,916$1,461$1,102$824$285
25 years$2,359$1,798$1,353$1,007$742$243
26 years$2,244$1,690$1,255$920$668$207
27 years$2,138$1,590$1,165$842$603$176
28 years$2,039$1,499$1,083$772$544$150
29 years$1,948$1,414$1,008$708$491$128
30 years$1,863$1,335$939$650$444$109
31 years$1,783$1,262$875$597$401$93
32 years$1,708$1,194$817$548$363$80
33 years$1,639$1,131$763$504$328$68
34 years$1,573$1,072$712$464$297$58
35 years$1,511$1,017$666$427$269$50
36 years$1,453$965$623$393$244$42
37 years$1,398$917$583$362$221$36
38 years$1,347$871$546$334$200$31
39 years$1,297$828$512$308$182$26
40 years$1,251$788$480$284$165$23
41 years$1,207$750$450$262$150$19
42 years$1,165$714$422$242$136$17
43 years$1,125$681$396$223$123$14
44 years$1,087$649$372$206$112$12
45 years$1,051$619$349$190$101$10
46 years$1,017$590$328$176$92$9
47 years$984$563$308$162$84$8
48 years$952$538$289$150$76$6
49 years$922$514$272$139$69$5
50 years$893$491$256$128$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $915,000, adding $6,484 every year, while hoping to spend $54,253 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: 82/6/12 Blend
59$915,000$915,000$915,000$915,000
60$1,015,018$966,523$952,341$1,095,547
61$1,060,825$956,158$926,519$1,138,922
62$1,109,486$943,467$898,015$1,178,724
63$1,161,235$928,278$866,679$1,220,815
64$1,216,328$910,410$832,360$1,265,393
65$1,275,044$889,671$794,895$1,312,680
66$1,337,691$865,858$754,116$1,362,921
67$1,404,605$838,754$709,848$1,416,383
68$1,476,154$808,132$661,907$1,473,363
69$1,552,741$773,750$610,101$1,534,186
70$1,634,810$735,353$554,228$1,599,212
71$1,722,846$692,671$494,081$1,668,837
72$1,817,382$645,417$429,438$1,743,497
73$1,919,004$593,291$360,073$1,823,674
74$2,028,352$535,973$285,746$1,909,900
75$2,146,133$473,125$206,207$2,002,758
76$2,273,121$404,390$121,197$2,102,894
77$2,410,166$329,391$30,444$2,211,020
78$2,558,203$247,731$0$2,327,920
79$2,718,259$158,989$0$2,462,962
80$2,891,462$62,721$0$2,613,311
81$3,079,055$0$0$2,776,156
82$3,282,401$0$0$2,955,440
83$3,503,001$0$0$3,154,447
84$3,742,505$0$0$3,370,526
85$4,002,727$0$0$3,605,315
86$4,285,664$0$0$3,860,620
87$4,593,513$0$0$4,138,424
88$4,928,689$0$0$4,440,910
89$5,293,853$0$0$4,770,482
90$5,691,930$0$0$5,129,782
91$6,126,141$0$0$5,521,722
92$6,600,031$0$0$5,949,504
93$7,117,503$0$0$6,416,654
94$7,682,850$0$0$6,927,052
95$8,300,804$0$0$7,484,971
96$8,976,568$0$0$8,095,117
97$9,715,878$0$0$8,762,667
98$10,525,043$0$0$9,493,326
99$11,411,014$0$0$10,293,373
100$12,381,446$0$0$11,169,725