Can I retire at age 60 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$75,808$75,132$74,474$73,830$73,203$72,258
2 years$37,529$36,830$36,152$35,495$34,858$33,908
3 years$24,770$24,069$23,393$22,742$22,116$21,189
4 years$18,393$17,693$17,024$16,385$15,773$14,877
5 years$14,567$13,871$13,211$12,585$11,990$11,128
6 years$12,017$11,327$10,677$10,064$9,488$8,660
7 years$10,197$9,512$8,872$8,274$7,716$6,923
8 years$8,832$8,154$7,525$6,941$6,401$5,643
9 years$7,771$7,099$6,481$5,912$5,391$4,667
10 years$6,923$6,258$5,650$5,096$4,593$3,904
11 years$6,230$5,571$4,974$4,435$3,950$3,294
12 years$5,652$5,000$4,415$3,890$3,423$2,800
13 years$5,164$4,519$3,944$3,435$2,985$2,394
14 years$4,746$4,107$3,544$3,049$2,617$2,056
15 years$4,384$3,752$3,200$2,719$2,304$1,773
16 years$4,067$3,443$2,901$2,435$2,036$1,535
17 years$3,788$3,170$2,640$2,188$1,805$1,332
18 years$3,540$2,930$2,410$1,971$1,605$1,159
19 years$3,319$2,715$2,206$1,781$1,431$1,010
20 years$3,120$2,523$2,025$1,613$1,278$882
21 years$2,940$2,350$1,862$1,464$1,144$772
22 years$2,777$2,194$1,716$1,331$1,025$676
23 years$2,628$2,052$1,585$1,212$920$593
24 years$2,492$1,922$1,466$1,106$827$520
25 years$2,367$1,804$1,357$1,010$744$457
26 years$2,251$1,696$1,259$923$670$402
27 years$2,145$1,596$1,169$845$604$354
28 years$2,046$1,504$1,087$774$545$311
29 years$1,954$1,418$1,011$710$493$274
30 years$1,869$1,340$942$652$445$242
31 years$1,789$1,266$878$599$402$213
32 years$1,714$1,198$819$550$364$188
33 years$1,644$1,135$765$506$329$166
34 years$1,578$1,076$715$465$298$146
35 years$1,516$1,020$668$428$270$129
36 years$1,458$968$625$395$245$114
37 years$1,403$920$585$364$222$101
38 years$1,351$874$548$335$201$89
39 years$1,302$831$513$309$182$78
40 years$1,255$791$481$285$165$69
41 years$1,211$753$451$263$150$61
42 years$1,169$717$423$243$136$54
43 years$1,129$683$397$224$124$48
44 years$1,091$651$373$207$112$42
45 years$1,054$621$350$191$102$37
46 years$1,020$592$329$176$92$33
47 years$987$565$309$163$84$29
48 years$955$539$290$151$76$26
49 years$925$515$273$139$69$23
50 years$896$492$257$129$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $918,000, adding $4,044 every year, while hoping to spend $47,141 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: 52/40/8 Blend
59$918,000$918,000$918,000$918,000
60$1,015,807$967,153$952,924$1,066,389
61$1,069,262$964,386$934,690$1,098,444
62$1,126,589$959,904$914,264$1,127,844
63$1,188,134$953,571$891,525$1,158,698
64$1,254,275$945,248$866,342$1,191,151
65$1,325,429$934,783$838,582$1,225,369
66$1,402,051$922,016$808,104$1,261,535
67$1,484,645$906,779$774,759$1,299,853
68$1,573,759$888,892$738,394$1,340,550
69$1,670,000$868,165$698,848$1,383,882
70$1,774,033$844,398$655,953$1,430,130
71$1,886,589$817,378$609,531$1,479,610
72$2,008,470$786,879$559,400$1,532,673
73$2,140,562$752,663$505,367$1,589,710
74$2,283,834$714,479$447,232$1,651,155
75$2,439,356$672,059$384,785$1,717,490
76$2,608,301$625,121$317,807$1,789,254
77$2,791,964$573,368$246,069$1,867,042
78$2,991,765$516,483$169,333$1,951,518
79$3,209,268$454,135$87,349$2,043,418
80$3,446,196$385,970$0$2,143,559
81$3,704,442$311,616$0$2,252,861
82$3,986,092$230,682$0$2,380,276
83$4,293,439$142,751$0$2,519,481
84$4,629,010$47,386$0$2,671,738
85$4,995,585$0$0$2,838,448
86$5,396,225$0$0$3,045,752
87$5,834,299$0$0$3,295,322
88$6,313,518$0$0$3,568,422
89$6,837,967$0$0$3,867,394
90$7,412,145$0$0$4,194,814
91$8,041,005$0$0$4,553,517
92$8,730,003$0$0$4,946,630
93$9,485,146$0$0$5,377,593
94$10,313,051$0$0$5,850,196
95$11,221,006$0$0$6,368,613
96$12,217,037$0$0$6,937,442
97$13,309,985$0$0$7,561,748
98$14,509,589$0$0$8,247,108
99$15,826,574$0$0$8,999,669
100$17,272,758$0$0$9,826,197