Can I retire at age 60 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$75,973$75,296$74,636$73,991$73,362$70,451
2 years$37,610$36,910$36,231$35,573$34,934$32,038
3 years$24,824$24,121$23,444$22,792$22,164$19,373
4 years$18,433$17,731$17,061$16,420$15,807$13,143
5 years$14,599$13,902$13,240$12,612$12,017$9,486
6 years$12,044$11,352$10,700$10,086$9,508$7,113
7 years$10,219$9,533$8,892$8,292$7,733$5,472
8 years$8,852$8,172$7,541$6,956$6,415$4,286
9 years$7,788$7,115$6,495$5,925$5,402$3,402
10 years$6,938$6,271$5,662$5,108$4,603$2,727
11 years$6,243$5,583$4,985$4,445$3,959$2,204
12 years$5,664$5,011$4,424$3,899$3,431$1,791
13 years$5,175$4,529$3,953$3,442$2,992$1,463
14 years$4,756$4,116$3,552$3,056$2,622$1,199
15 years$4,393$3,760$3,207$2,725$2,309$986
16 years$4,076$3,450$2,907$2,440$2,041$813
17 years$3,796$3,177$2,645$2,192$1,809$672
18 years$3,548$2,936$2,415$1,976$1,609$556
19 years$3,326$2,721$2,211$1,785$1,434$460
20 years$3,127$2,529$2,029$1,617$1,281$382
21 years$2,947$2,355$1,866$1,467$1,146$317
22 years$2,783$2,199$1,720$1,334$1,027$264
23 years$2,634$2,056$1,588$1,215$922$219
24 years$2,497$1,927$1,469$1,108$829$182
25 years$2,372$1,808$1,360$1,012$746$152
26 years$2,256$1,699$1,262$925$672$126
27 years$2,150$1,599$1,172$847$606$105
28 years$2,050$1,507$1,089$776$547$88
29 years$1,958$1,422$1,014$712$494$73
30 years$1,873$1,343$944$653$446$61
31 years$1,793$1,269$880$600$403$51
32 years$1,718$1,201$821$551$365$42
33 years$1,648$1,137$767$507$330$35
34 years$1,582$1,078$716$466$299$29
35 years$1,520$1,022$670$429$271$24
36 years$1,461$970$627$395$245$20
37 years$1,406$922$586$364$222$17
38 years$1,354$876$549$336$202$14
39 years$1,305$833$515$310$183$12
40 years$1,258$792$482$286$166$10
41 years$1,213$754$452$264$150$8
42 years$1,171$718$424$243$136$7
43 years$1,131$684$398$224$124$6
44 years$1,093$652$374$207$112$5
45 years$1,057$622$351$191$102$4
46 years$1,022$593$330$177$93$3
47 years$989$566$310$163$84$3
48 years$957$541$291$151$76$2
49 years$927$516$273$140$69$2
50 years$898$493$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $920,000, adding $2,564 every year, while hoping to spend $39,502 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: 41/44/15 Blend
59$920,000$920,000$920,000$920,000
60$1,016,485$967,725$953,465$1,053,561
61$1,078,136$973,113$943,376$1,085,396
62$1,144,753$977,442$931,625$1,115,761
63$1,216,798$980,618$918,115$1,147,777
64$1,294,783$982,540$902,744$1,181,613
65$1,379,270$983,103$885,405$1,217,458
66$1,470,876$982,195$865,986$1,255,520
67$1,570,279$979,697$844,371$1,296,034
68$1,678,227$975,481$820,437$1,339,260
69$1,795,540$969,414$794,056$1,385,487
70$1,923,123$961,353$765,094$1,435,037
71$2,061,969$951,147$733,412$1,488,268
72$2,213,172$938,635$698,864$1,545,577
73$2,377,936$923,648$661,295$1,607,407
74$2,557,584$906,006$620,548$1,674,247
75$2,753,575$885,518$576,454$1,746,643
76$2,967,514$861,982$528,839$1,825,200
77$3,201,166$835,185$477,521$1,910,589
78$3,456,476$804,900$422,309$2,003,554
79$3,735,584$770,888$363,004$2,104,922
80$4,040,848$732,896$299,399$2,215,608
81$4,374,862$690,656$231,276$2,336,629
82$4,740,484$643,883$158,410$2,469,108
83$5,140,860$592,280$80,563$2,614,293
84$5,579,454$535,529$0$2,773,566
85$6,060,084$473,295$0$2,948,858
86$6,586,951$405,225$0$3,155,247
87$7,164,684$330,945$0$3,381,744
88$7,798,380$250,059$0$3,630,470
89$8,493,654$162,152$0$3,903,770
90$9,256,691$66,782$0$4,204,233
91$10,094,304$0$0$4,534,723
92$11,013,996$0$0$4,916,084
93$12,024,034$0$0$5,370,541
94$13,133,524$0$0$5,869,873
95$14,352,498$0$0$6,418,610
96$15,692,007$0$0$7,021,744
97$17,164,226$0$0$7,684,773
98$18,782,567$0$0$8,413,755
99$20,561,809$0$0$9,215,366
100$22,518,230$0$0$10,096,958