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%18.6%
1 years$76,386$75,705$75,041$74,393$73,761$71,200
2 years$37,815$37,110$36,428$35,766$35,124$32,571
3 years$24,959$24,252$23,571$22,916$22,284$19,819
4 years$18,533$17,828$17,154$16,509$15,893$13,534
5 years$14,678$13,977$13,312$12,681$12,082$9,835
6 years$12,109$11,413$10,758$10,141$9,560$7,428
7 years$10,275$9,585$8,940$8,337$7,775$5,756
8 years$8,900$8,216$7,582$6,994$6,450$4,544
9 years$7,831$7,154$6,530$5,957$5,432$3,636
10 years$6,976$6,306$5,693$5,135$4,628$2,939
11 years$6,277$5,613$5,012$4,469$3,980$2,395
12 years$5,695$5,038$4,448$3,920$3,449$1,963
13 years$5,203$4,553$3,974$3,461$3,008$1,618
14 years$4,782$4,139$3,571$3,072$2,637$1,339
15 years$4,417$3,781$3,224$2,740$2,322$1,111
16 years$4,098$3,469$2,923$2,453$2,052$925
17 years$3,817$3,195$2,660$2,204$1,819$771
18 years$3,567$2,952$2,428$1,986$1,618$644
19 years$3,344$2,736$2,223$1,795$1,442$539
20 years$3,144$2,542$2,040$1,626$1,288$452
21 years$2,963$2,368$1,876$1,475$1,152$379
22 years$2,798$2,211$1,729$1,341$1,033$318
23 years$2,648$2,067$1,597$1,222$927$267
24 years$2,511$1,937$1,477$1,114$833$225
25 years$2,385$1,818$1,368$1,018$750$189
26 years$2,269$1,708$1,269$930$676$159
27 years$2,161$1,608$1,178$852$609$134
28 years$2,062$1,515$1,095$780$550$113
29 years$1,969$1,429$1,019$716$496$95
30 years$1,883$1,350$949$657$448$80
31 years$1,802$1,276$885$603$405$67
32 years$1,727$1,207$826$554$367$57
33 years$1,657$1,143$771$510$332$48
34 years$1,590$1,084$720$469$300$40
35 years$1,528$1,028$673$432$272$34
36 years$1,469$976$630$398$247$29
37 years$1,414$927$590$366$223$24
38 years$1,361$881$552$338$203$20
39 years$1,312$837$517$311$184$17
40 years$1,265$797$485$287$167$14
41 years$1,220$758$455$265$151$12
42 years$1,178$722$426$245$137$10
43 years$1,137$688$400$226$125$9
44 years$1,099$656$376$208$113$7
45 years$1,062$626$353$192$103$6
46 years$1,028$597$331$178$93$5
47 years$994$569$311$164$85$4
48 years$963$544$292$152$77$4
49 years$932$519$275$140$70$3
50 years$903$496$258$130$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $925,000, adding $3,440 every year, while hoping to spend $44,260 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: 66/20/14 Blend
59$925,000$925,000$925,000$925,000
60$1,022,898$973,873$959,536$1,086,838
61$1,080,142$974,501$944,588$1,130,584
62$1,141,740$973,676$927,656$1,172,884
63$1,208,092$971,280$908,627$1,218,012
64$1,279,633$967,189$887,381$1,266,243
65$1,356,844$961,269$863,797$1,317,878
66$1,440,250$953,379$837,742$1,373,254
67$1,530,432$943,371$809,083$1,432,740
68$1,628,025$931,085$777,676$1,496,746
69$1,733,730$916,355$743,375$1,565,724
70$1,848,316$899,002$706,023$1,640,175
71$1,972,628$878,837$665,459$1,720,651
72$2,107,598$855,661$621,513$1,807,762
73$2,254,248$829,263$574,009$1,902,182
74$2,413,704$799,420$522,761$2,004,657
75$2,587,204$765,894$467,576$2,116,011
76$2,776,111$728,435$408,252$2,237,152
77$2,981,925$686,779$344,579$2,369,085
78$3,206,295$640,645$276,336$2,512,921
79$3,451,038$589,738$203,294$2,669,884
80$3,718,152$533,743$125,213$2,841,328
81$4,009,838$472,331$41,842$3,028,748
82$4,328,518$405,151$0$3,233,795
83$4,676,857$331,834$0$3,465,332
84$5,057,792$251,990$0$3,725,458
85$5,474,556$165,206$0$4,010,181
86$5,930,706$71,047$0$4,321,997
87$6,430,163$0$0$4,663,661
88$6,977,242$0$0$5,045,021
89$7,576,696$0$0$5,480,081
90$8,233,760$0$0$5,957,013
91$8,954,197$0$0$6,480,007
92$9,744,358$0$0$7,053,681
93$10,611,235$0$0$7,683,120
94$11,562,531$0$0$8,373,926
95$12,606,732$0$0$9,132,268
96$13,753,184$0$0$9,964,944
97$15,012,181$0$0$10,879,440
98$16,395,065$0$0$11,884,004
99$17,914,330$0$0$12,987,722
100$19,583,740$0$0$14,200,603