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%13.8%
1 years$76,468$75,787$75,123$74,474$73,841$72,677
2 years$37,856$37,151$36,467$35,805$35,162$33,993
3 years$24,986$24,278$23,597$22,940$22,308$21,170
4 years$18,553$17,847$17,172$16,527$15,910$14,811
5 years$14,694$13,992$13,326$12,695$12,095$11,039
6 years$12,122$11,426$10,770$10,152$9,570$8,558
7 years$10,286$9,595$8,950$8,346$7,783$6,815
8 years$8,909$8,225$7,590$7,002$6,457$5,533
9 years$7,839$7,161$6,537$5,964$5,438$4,557
10 years$6,984$6,312$5,699$5,141$4,633$3,795
11 years$6,284$5,620$5,018$4,474$3,985$3,189
12 years$5,701$5,044$4,453$3,924$3,453$2,698
13 years$5,209$4,558$3,978$3,465$3,011$2,296
14 years$4,787$4,143$3,575$3,076$2,640$1,963
15 years$4,422$3,785$3,227$2,743$2,324$1,685
16 years$4,103$3,473$2,926$2,456$2,054$1,451
17 years$3,821$3,198$2,663$2,207$1,821$1,253
18 years$3,571$2,955$2,431$1,989$1,619$1,085
19 years$3,348$2,739$2,225$1,797$1,443$941
20 years$3,147$2,545$2,042$1,627$1,289$817
21 years$2,966$2,371$1,878$1,477$1,154$711
22 years$2,801$2,213$1,731$1,343$1,034$620
23 years$2,651$2,070$1,598$1,223$928$541
24 years$2,514$1,939$1,478$1,115$834$472
25 years$2,387$1,820$1,369$1,019$751$412
26 years$2,271$1,710$1,270$931$676$361
27 years$2,164$1,610$1,179$853$610$315
28 years$2,064$1,517$1,096$781$550$276
29 years$1,971$1,431$1,020$716$497$242
30 years$1,885$1,351$950$657$449$212
31 years$1,804$1,277$886$604$406$186
32 years$1,729$1,209$827$555$367$163
33 years$1,658$1,145$772$510$332$143
34 years$1,592$1,085$721$469$301$125
35 years$1,530$1,029$674$432$272$110
36 years$1,471$977$631$398$247$96
37 years$1,415$928$590$367$224$85
38 years$1,363$882$553$338$203$74
39 years$1,313$838$518$312$184$65
40 years$1,266$798$485$287$167$57
41 years$1,221$759$455$265$151$50
42 years$1,179$723$427$245$137$44
43 years$1,139$689$401$226$125$39
44 years$1,100$657$376$209$113$34
45 years$1,064$626$353$193$103$30
46 years$1,029$597$332$178$93$26
47 years$995$570$312$164$85$23
48 years$964$544$293$152$77$20
49 years$933$520$275$140$70$18
50 years$904$496$259$130$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $926,000, adding $4,220 every year, while hoping to spend $50,842 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: 65/28/7 Blend
59$926,000$926,000$926,000$926,000
60$1,024,805$975,727$961,374$1,089,850
61$1,075,240$969,442$939,484$1,127,361
62$1,129,114$961,145$915,158$1,161,895
63$1,186,727$950,684$888,258$1,198,289
64$1,248,403$937,897$858,645$1,236,719
65$1,314,500$922,614$826,169$1,277,379
66$1,385,409$904,653$790,676$1,320,487
67$1,461,561$883,821$752,004$1,366,283
68$1,543,429$859,917$709,985$1,415,033
69$1,631,530$832,724$664,440$1,467,031
70$1,726,433$802,014$615,186$1,522,607
71$1,828,763$767,547$562,029$1,582,123
72$1,939,208$729,068$504,768$1,645,981
73$2,058,521$686,306$443,192$1,714,628
74$2,187,532$638,977$377,081$1,788,558
75$2,327,152$586,779$306,204$1,868,318
76$2,478,383$529,392$230,323$1,954,516
77$2,642,326$466,480$149,187$2,047,823
78$2,820,192$397,686$62,533$2,148,984
79$3,013,313$322,635$0$2,258,823
80$3,223,155$240,927$0$2,380,488
81$3,451,329$152,145$0$2,517,883
82$3,699,608$55,844$0$2,667,471
83$3,969,943$0$0$2,830,513
84$4,264,481$0$0$3,023,328
85$4,585,585$0$0$3,252,348
86$4,935,854$0$0$3,502,229
87$5,318,150$0$0$3,775,018
88$5,735,625$0$0$4,072,972
89$6,191,744$0$0$4,398,574
90$6,690,328$0$0$4,754,557
91$7,235,578$0$0$5,143,931
92$7,832,123$0$0$5,570,011
93$8,485,059$0$0$6,036,444
94$9,199,997$0$0$6,547,250
95$9,983,117$0$0$7,106,854
96$10,841,223$0$0$7,720,128
97$11,781,812$0$0$8,392,440
98$12,813,136$0$0$9,129,701
99$13,944,286$0$0$9,938,421
100$15,185,277$0$0$10,825,772