Can I retire at age 60 with 925,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$76,386$75,705$75,041$74,393$73,761$71,031
2 years$37,815$37,110$36,428$35,766$35,124$32,405
3 years$24,959$24,252$23,571$22,916$22,284$19,661
4 years$18,533$17,828$17,154$16,509$15,893$13,386
5 years$14,678$13,977$13,312$12,681$12,082$9,697
6 years$12,109$11,413$10,758$10,141$9,560$7,299
7 years$10,275$9,585$8,940$8,337$7,775$5,637
8 years$8,900$8,216$7,582$6,994$6,450$4,434
9 years$7,831$7,154$6,530$5,957$5,432$3,535
10 years$6,976$6,306$5,693$5,135$4,628$2,846
11 years$6,277$5,613$5,012$4,469$3,980$2,310
12 years$5,695$5,038$4,448$3,920$3,449$1,887
13 years$5,203$4,553$3,974$3,461$3,008$1,548
14 years$4,782$4,139$3,571$3,072$2,637$1,276
15 years$4,417$3,781$3,224$2,740$2,322$1,054
16 years$4,098$3,469$2,923$2,453$2,052$874
17 years$3,817$3,195$2,660$2,204$1,819$725
18 years$3,567$2,952$2,428$1,986$1,618$603
19 years$3,344$2,736$2,223$1,795$1,442$503
20 years$3,144$2,542$2,040$1,626$1,288$419
21 years$2,963$2,368$1,876$1,475$1,152$350
22 years$2,798$2,211$1,729$1,341$1,033$292
23 years$2,648$2,067$1,597$1,222$927$244
24 years$2,511$1,937$1,477$1,114$833$204
25 years$2,385$1,818$1,368$1,018$750$171
26 years$2,269$1,708$1,269$930$676$143
27 years$2,161$1,608$1,178$852$609$120
28 years$2,062$1,515$1,095$780$550$101
29 years$1,969$1,429$1,019$716$496$84
30 years$1,883$1,350$949$657$448$71
31 years$1,802$1,276$885$603$405$59
32 years$1,727$1,207$826$554$367$50
33 years$1,657$1,143$771$510$332$42
34 years$1,590$1,084$720$469$300$35
35 years$1,528$1,028$673$432$272$29
36 years$1,469$976$630$398$247$25
37 years$1,414$927$590$366$223$21
38 years$1,361$881$552$338$203$17
39 years$1,312$837$517$311$184$14
40 years$1,265$797$485$287$167$12
41 years$1,220$758$455$265$151$10
42 years$1,178$722$426$245$137$9
43 years$1,137$688$400$226$125$7
44 years$1,099$656$376$208$113$6
45 years$1,062$626$353$192$103$5
46 years$1,028$597$331$178$93$4
47 years$994$569$311$164$85$4
48 years$963$544$292$152$77$3
49 years$932$519$275$140$70$2
50 years$903$496$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $925,000, adding $4,183 every year, while hoping to spend $23,515 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: 48/40/12 Blend
59$925,000$925,000$925,000$925,000
60$1,023,665$974,640$960,302$1,069,220
61$1,103,059$997,377$967,453$1,123,773
62$1,189,763$1,020,441$974,054$1,180,189
63$1,284,498$1,043,822$980,064$1,240,915
64$1,388,057$1,067,510$985,437$1,306,361
65$1,501,315$1,091,493$990,125$1,376,977
66$1,625,232$1,115,760$994,077$1,453,262
67$1,760,869$1,140,295$997,242$1,535,762
68$1,909,391$1,165,083$999,564$1,625,083
69$2,072,084$1,190,107$1,000,983$1,721,888
70$2,250,361$1,215,347$1,001,441$1,826,910
71$2,445,780$1,240,781$1,000,872$1,940,956
72$2,660,058$1,266,387$999,209$2,064,916
73$2,895,083$1,292,140$996,382$2,199,771
74$3,152,937$1,318,010$992,316$2,346,600
75$3,435,913$1,343,969$986,935$2,506,593
76$3,746,536$1,369,984$980,158$2,681,064
77$4,087,588$1,396,018$971,898$2,871,457
78$4,462,132$1,422,033$962,066$3,079,366
79$4,873,545$1,447,987$950,571$3,306,549
80$5,325,544$1,473,836$937,312$3,554,940
81$5,822,226$1,499,531$922,189$3,826,675
82$6,368,105$1,525,020$905,094$4,124,104
83$6,968,151$1,550,246$885,915$4,449,820
84$7,627,843$1,575,148$864,533$4,806,682
85$8,353,216$1,599,663$840,828$5,197,838
86$9,150,917$1,623,720$814,668$5,626,760
87$10,028,272$1,647,244$785,922$6,097,276
88$10,993,353$1,670,155$754,447$6,613,603
89$12,055,051$1,692,369$720,097$7,180,391
90$13,223,164$1,713,793$682,718$7,802,766
91$14,508,487$1,734,329$642,149$8,486,377
92$15,922,914$1,753,873$598,223$9,237,451
93$17,479,552$1,772,314$550,764$10,062,852
94$19,192,841$1,789,531$499,590$10,970,145
95$21,078,692$1,805,400$444,507$11,967,671
96$23,154,638$1,819,783$385,317$13,064,622
97$25,439,996$1,832,538$321,811$14,271,131
98$27,956,055$1,843,511$253,770$15,598,365
99$30,726,268$1,852,539$180,967$17,058,636
100$33,776,481$1,859,448$103,164$18,665,513