Can I retire at age 60 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$75,890$75,214$74,555$73,911$73,282$72,068
2 years$37,569$36,870$36,192$35,534$34,896$33,677
3 years$24,797$24,095$23,418$22,767$22,140$20,953
4 years$18,413$17,712$17,043$16,402$15,790$14,645
5 years$14,583$13,887$13,226$12,599$12,003$10,903
6 years$12,031$11,339$10,688$10,075$9,498$8,443
7 years$10,208$9,523$8,882$8,283$7,724$6,716
8 years$8,842$8,163$7,533$6,949$6,408$5,446
9 years$7,780$7,107$6,488$5,919$5,397$4,480
10 years$6,931$6,265$5,656$5,102$4,598$3,727
11 years$6,236$5,577$4,980$4,440$3,955$3,127
12 years$5,658$5,006$4,419$3,895$3,427$2,643
13 years$5,170$4,524$3,948$3,438$2,988$2,246
14 years$4,751$4,112$3,548$3,052$2,620$1,918
15 years$4,388$3,756$3,203$2,722$2,306$1,644
16 years$4,072$3,446$2,904$2,437$2,038$1,414
17 years$3,792$3,174$2,643$2,190$1,807$1,219
18 years$3,544$2,933$2,412$1,974$1,607$1,054
19 years$3,323$2,718$2,208$1,783$1,432$913
20 years$3,123$2,526$2,027$1,615$1,279$792
21 years$2,943$2,353$1,864$1,466$1,145$688
22 years$2,780$2,196$1,718$1,333$1,026$598
23 years$2,631$2,054$1,586$1,214$921$521
24 years$2,495$1,924$1,467$1,107$828$454
25 years$2,369$1,806$1,359$1,011$745$396
26 years$2,254$1,697$1,260$924$671$346
27 years$2,147$1,597$1,170$846$605$302
28 years$2,048$1,505$1,088$775$546$264
29 years$1,956$1,420$1,012$711$493$231
30 years$1,871$1,341$943$652$446$202
31 years$1,791$1,268$879$599$403$177
32 years$1,716$1,200$820$551$364$155
33 years$1,646$1,136$766$506$330$135
34 years$1,580$1,077$716$466$299$119
35 years$1,518$1,021$669$429$270$104
36 years$1,460$969$626$395$245$91
37 years$1,404$921$586$364$222$80
38 years$1,352$875$549$335$201$70
39 years$1,303$832$514$309$183$61
40 years$1,256$792$482$285$166$54
41 years$1,212$753$452$263$150$47
42 years$1,170$718$424$243$136$41
43 years$1,130$684$398$224$124$36
44 years$1,092$652$373$207$112$32
45 years$1,056$621$350$191$102$28
46 years$1,021$593$329$177$93$24
47 years$988$566$309$163$84$21
48 years$956$540$291$151$76$19
49 years$926$516$273$139$69$16
50 years$897$493$257$129$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $919,000, adding $6,473 every year, while hoping to spend $58,703 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: 78/15/7 Blend
59$919,000$919,000$919,000$919,000
60$1,019,415$970,708$956,463$1,097,589
61$1,060,936$955,813$926,045$1,134,905
62$1,104,724$938,221$892,641$1,167,534
63$1,150,950$917,737$856,088$1,201,581
64$1,199,797$894,157$816,217$1,237,160
65$1,251,467$867,261$772,851$1,274,397
66$1,306,180$836,820$725,805$1,313,432
67$1,364,176$802,591$674,886$1,354,418
68$1,425,718$764,314$619,890$1,397,527
69$1,491,093$721,717$560,608$1,442,948
70$1,560,615$674,511$496,819$1,490,888
71$1,634,626$622,391$428,291$1,541,579
72$1,713,504$565,034$354,785$1,595,276
73$1,797,661$502,100$276,050$1,652,262
74$1,887,546$433,227$191,821$1,712,848
75$1,983,656$358,035$101,827$1,777,381
76$2,086,531$276,121$5,781$1,846,242
77$2,196,767$187,061$0$1,919,854
78$2,315,016$90,405$0$2,005,910
79$2,441,992$0$0$2,098,631
80$2,578,481$0$0$2,200,547
81$2,725,346$0$0$2,326,288
82$2,883,533$0$0$2,461,745
83$3,054,080$0$0$2,607,811
84$3,238,131$0$0$2,765,467
85$3,436,941$0$0$2,935,792
86$3,651,887$0$0$3,119,969
87$3,884,485$0$0$3,319,302
88$4,136,402$0$0$3,535,220
89$4,409,469$0$0$3,769,300
90$4,705,701$0$0$4,023,270
91$5,027,311$0$0$4,299,034
92$5,376,737$0$0$4,598,686
93$5,756,659$0$0$4,924,529
94$6,170,024$0$0$5,279,096
95$6,620,078$0$0$5,665,175
96$7,110,390$0$0$6,085,834
97$7,644,888$0$0$6,544,449
98$8,227,896$0$0$7,044,736
99$8,864,172$0$0$7,590,783
100$9,558,956$0$0$8,187,093