Can I retire at age 60 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$76,055$75,378$74,717$74,072$73,442$72,918
2 years$37,651$36,950$36,270$35,611$34,972$34,444
3 years$24,851$24,147$23,469$22,817$22,188$21,672
4 years$18,453$17,751$17,080$16,438$15,825$15,324
5 years$14,615$13,917$13,255$12,626$12,030$11,547
6 years$12,057$11,364$10,712$10,097$9,519$9,054
7 years$10,230$9,544$8,901$8,301$7,741$7,295
8 years$8,861$8,181$7,549$6,964$6,422$5,994
9 years$7,797$7,123$6,502$5,932$5,408$4,998
10 years$6,946$6,278$5,669$5,113$4,608$4,216
11 years$6,250$5,589$4,991$4,450$3,963$3,589
12 years$5,671$5,017$4,429$3,903$3,434$3,077
13 years$5,181$4,534$3,957$3,446$2,995$2,654
14 years$4,761$4,121$3,555$3,059$2,625$2,301
15 years$4,398$3,764$3,210$2,728$2,311$2,004
16 years$4,080$3,454$2,910$2,443$2,043$1,751
17 years$3,800$3,181$2,648$2,195$1,811$1,534
18 years$3,552$2,939$2,418$1,978$1,611$1,348
19 years$3,330$2,724$2,213$1,787$1,436$1,187
20 years$3,130$2,531$2,031$1,619$1,282$1,048
21 years$2,950$2,358$1,868$1,469$1,147$926
22 years$2,786$2,201$1,722$1,336$1,029$820
23 years$2,637$2,058$1,590$1,216$923$727
24 years$2,500$1,929$1,470$1,109$830$645
25 years$2,374$1,810$1,362$1,013$747$573
26 years$2,259$1,701$1,263$926$673$509
27 years$2,152$1,601$1,173$848$606$453
28 years$2,053$1,509$1,090$777$547$403
29 years$1,961$1,423$1,015$712$494$359
30 years$1,875$1,344$945$654$446$320
31 years$1,795$1,271$881$601$404$286
32 years$1,720$1,202$822$552$365$255
33 years$1,649$1,138$768$508$330$227
34 years$1,583$1,079$717$467$299$203
35 years$1,521$1,023$670$430$271$181
36 years$1,463$971$627$396$246$162
37 years$1,408$923$587$365$223$145
38 years$1,355$877$550$336$202$129
39 years$1,306$834$515$310$183$116
40 years$1,259$793$483$286$166$103
41 years$1,215$755$453$264$151$92
42 years$1,173$719$425$243$137$83
43 years$1,132$685$398$225$124$74
44 years$1,094$653$374$208$113$66
45 years$1,058$623$351$192$102$59
46 years$1,023$594$330$177$93$53
47 years$990$567$310$164$84$47
48 years$958$541$291$151$76$42
49 years$928$517$274$140$69$38
50 years$899$494$257$129$63$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $921,000, adding $3,727 every year, while hoping to spend $39,174 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: 33/46/21 Blend
59$921,000$921,000$921,000$921,000
60$1,018,786$969,973$955,698$1,045,720
61$1,081,022$975,821$946,033$1,071,955
62$1,148,292$980,643$934,731$1,096,375
63$1,221,070$984,346$921,697$1,121,885
64$1,299,874$986,834$906,828$1,148,605
65$1,385,275$988,003$890,021$1,176,670
66$1,477,901$987,743$871,165$1,206,230
67$1,578,441$985,937$850,143$1,237,455
68$1,687,655$982,460$826,836$1,270,536
69$1,806,378$977,183$801,116$1,305,685
70$1,935,527$969,964$772,853$1,343,140
71$2,076,114$960,655$741,907$1,383,168
72$2,229,251$949,100$708,134$1,426,065
73$2,396,161$935,132$671,382$1,472,164
74$2,578,190$918,575$631,495$1,521,835
75$2,776,822$899,242$588,306$1,575,491
76$2,993,688$876,934$541,644$1,633,593
77$3,230,583$851,443$491,328$1,696,653
78$3,489,484$822,546$437,170$1,765,244
79$3,772,570$790,008$378,973$1,840,000
80$4,082,235$753,582$316,532$1,921,629
81$4,421,120$713,004$249,632$2,010,917
82$4,792,129$667,996$178,050$2,108,739
83$5,198,463$618,265$101,552$2,216,066
84$5,643,646$563,500$19,893$2,333,976
85$6,131,557$503,371$0$2,463,666
86$6,666,472$437,532$0$2,621,537
87$7,253,098$365,617$0$2,799,728
88$7,896,618$287,236$0$2,995,477
89$8,602,745$201,982$0$3,210,662
90$9,377,767$109,422$0$3,447,361
91$10,228,614$9,098$0$3,707,874
92$11,162,919$0$0$3,994,743
93$12,189,089$0$0$4,361,129
94$13,316,386$0$0$4,768,828
95$14,555,013$0$0$5,216,942
96$15,916,212$0$0$5,709,557
97$17,412,365$0$0$6,251,175
98$19,057,117$0$0$6,846,753
99$20,865,496$0$0$7,501,756
100$22,854,064$0$0$8,222,204