Can I retire at age 60 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$76,468$75,787$75,123$74,474$73,841$73,437
2 years$37,856$37,151$36,467$35,805$35,162$34,755
3 years$24,986$24,278$23,597$22,940$22,308$21,910
4 years$18,553$17,847$17,172$16,527$15,910$15,524
5 years$14,694$13,992$13,326$12,695$12,095$11,722
6 years$12,122$11,426$10,770$10,152$9,570$9,211
7 years$10,286$9,595$8,950$8,346$7,783$7,437
8 years$8,909$8,225$7,590$7,002$6,457$6,125
9 years$7,839$7,161$6,537$5,964$5,438$5,119
10 years$6,984$6,312$5,699$5,141$4,633$4,329
11 years$6,284$5,620$5,018$4,474$3,985$3,694
12 years$5,701$5,044$4,453$3,924$3,453$3,175
13 years$5,209$4,558$3,978$3,465$3,011$2,746
14 years$4,787$4,143$3,575$3,076$2,640$2,387
15 years$4,422$3,785$3,227$2,743$2,324$2,084
16 years$4,103$3,473$2,926$2,456$2,054$1,826
17 years$3,821$3,198$2,663$2,207$1,821$1,605
18 years$3,571$2,955$2,431$1,989$1,619$1,414
19 years$3,348$2,739$2,225$1,797$1,443$1,249
20 years$3,147$2,545$2,042$1,627$1,289$1,105
21 years$2,966$2,371$1,878$1,477$1,154$980
22 years$2,801$2,213$1,731$1,343$1,034$870
23 years$2,651$2,070$1,598$1,223$928$773
24 years$2,514$1,939$1,478$1,115$834$688
25 years$2,387$1,820$1,369$1,019$751$613
26 years$2,271$1,710$1,270$931$676$547
27 years$2,164$1,610$1,179$853$610$488
28 years$2,064$1,517$1,096$781$550$436
29 years$1,971$1,431$1,020$716$497$390
30 years$1,885$1,351$950$657$449$348
31 years$1,804$1,277$886$604$406$312
32 years$1,729$1,209$827$555$367$279
33 years$1,658$1,145$772$510$332$250
34 years$1,592$1,085$721$469$301$224
35 years$1,530$1,029$674$432$272$200
36 years$1,471$977$631$398$247$180
37 years$1,415$928$590$367$224$161
38 years$1,363$882$553$338$203$144
39 years$1,313$838$518$312$184$130
40 years$1,266$798$485$287$167$116
41 years$1,221$759$455$265$151$104
42 years$1,179$723$427$245$137$94
43 years$1,139$689$401$226$125$84
44 years$1,100$657$376$209$113$75
45 years$1,064$626$353$193$103$68
46 years$1,029$597$332$178$93$61
47 years$995$570$312$164$85$55
48 years$964$544$293$152$77$49
49 years$933$520$275$140$70$44
50 years$904$496$259$130$63$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $926,000, adding $3,927 every year, while hoping to spend $35,212 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: 75/15/10 Blend
59$926,000$926,000$926,000$926,000
60$1,024,503$975,425$961,072$1,099,208
61$1,091,537$985,755$955,802$1,159,313
62$1,164,228$995,412$949,176$1,220,330
63$1,243,116$1,004,324$941,111$1,286,206
64$1,328,796$1,012,418$931,520$1,357,412
65$1,421,919$1,019,612$920,312$1,434,465
66$1,523,205$1,025,824$907,393$1,517,937
67$1,633,444$1,030,961$892,662$1,608,455
68$1,753,506$1,034,929$876,017$1,706,715
69$1,884,348$1,037,625$857,348$1,813,478
70$2,027,024$1,038,940$836,541$1,929,588
71$2,182,692$1,038,760$813,477$2,055,972
72$2,352,629$1,036,962$788,031$2,193,652
73$2,538,240$1,033,415$760,072$2,343,756
74$2,741,070$1,027,983$729,465$2,507,527
75$2,962,823$1,020,518$696,066$2,686,334
76$3,205,373$1,010,865$659,726$2,881,686
77$3,470,784$998,861$620,290$3,095,247
78$3,761,329$984,329$577,594$3,328,852
79$4,079,510$967,086$531,469$3,584,522
80$4,428,082$946,936$481,735$3,864,487
81$4,810,082$923,671$428,209$4,171,202
82$5,228,851$897,072$370,694$4,507,377
83$5,688,070$866,906$308,990$4,875,995
84$6,191,796$832,926$242,883$5,280,349
85$6,744,493$794,873$172,154$5,724,066
86$7,351,081$752,472$96,570$6,211,144
87$8,016,978$705,430$15,892$6,745,991
88$8,748,153$653,440$0$7,333,467
89$9,551,182$596,175$0$7,986,418
90$10,433,308$533,293$0$8,705,555
91$11,402,509$464,428$0$9,495,717
92$12,467,576$389,196$0$10,364,109
93$13,638,194$307,192$0$11,318,672
94$14,925,031$217,985$0$12,368,154
95$16,339,841$121,123$0$13,522,200
96$17,895,573$16,127$0$14,791,438
97$19,606,497$0$0$16,187,579
98$21,488,330$0$0$17,739,627
99$23,558,392$0$0$19,449,888
100$25,835,766$0$0$21,331,472