Can I retire at age 60 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$76,633$75,951$75,285$74,635$74,000$73,349
2 years$37,937$37,231$36,546$35,882$35,238$34,582
3 years$25,040$24,331$23,648$22,990$22,357$21,716
4 years$18,593$17,886$17,209$16,563$15,945$15,325
5 years$14,726$14,023$13,355$12,722$12,121$11,523
6 years$12,148$11,450$10,793$10,174$9,591$9,016
7 years$10,308$9,616$8,969$8,364$7,800$7,248
8 years$8,929$8,243$7,606$7,017$6,471$5,942
9 years$7,856$7,177$6,551$5,977$5,449$4,943
10 years$6,999$6,326$5,712$5,152$4,643$4,160
11 years$6,298$5,632$5,028$4,484$3,993$3,532
12 years$5,714$5,055$4,463$3,933$3,460$3,021
13 years$5,220$4,568$3,987$3,472$3,018$2,599
14 years$4,797$4,152$3,582$3,082$2,645$2,248
15 years$4,431$3,793$3,234$2,749$2,329$1,952
16 years$4,111$3,480$2,933$2,461$2,058$1,701
17 years$3,829$3,205$2,668$2,211$1,825$1,486
18 years$3,579$2,962$2,436$1,993$1,623$1,302
19 years$3,355$2,745$2,230$1,801$1,446$1,144
20 years$3,154$2,551$2,047$1,631$1,292$1,006
21 years$2,972$2,376$1,882$1,480$1,156$887
22 years$2,807$2,218$1,735$1,346$1,036$783
23 years$2,657$2,074$1,602$1,226$930$692
24 years$2,519$1,943$1,482$1,118$836$612
25 years$2,393$1,824$1,372$1,021$752$542
26 years$2,276$1,714$1,273$933$678$480
27 years$2,168$1,613$1,182$854$611$426
28 years$2,068$1,520$1,099$783$551$378
29 years$1,975$1,434$1,022$718$498$336
30 years$1,889$1,354$952$659$450$298
31 years$1,808$1,280$888$605$407$265
32 years$1,733$1,211$828$556$368$236
33 years$1,662$1,147$773$511$333$210
34 years$1,595$1,087$723$471$301$186
35 years$1,533$1,031$676$433$273$166
36 years$1,474$979$632$399$247$148
37 years$1,418$930$592$368$224$132
38 years$1,366$883$554$339$203$117
39 years$1,316$840$519$312$184$104
40 years$1,269$799$486$288$167$93
41 years$1,224$761$456$266$152$83
42 years$1,181$725$428$245$138$74
43 years$1,141$690$402$226$125$66
44 years$1,103$658$377$209$113$59
45 years$1,066$628$354$193$103$52
46 years$1,031$599$332$178$93$47
47 years$998$571$312$165$85$42
48 years$966$545$293$152$77$37
49 years$935$521$276$141$70$33
50 years$906$497$259$130$64$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $928,000, adding $2,603 every year, while hoping to spend $31,191 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: 61/33/6 Blend
59$928,000$928,000$928,000$928,000
60$1,025,341$976,157$961,773$1,086,595
61$1,096,739$990,802$960,805$1,142,483
62$1,174,374$1,005,119$958,760$1,199,584
63$1,258,849$1,019,059$955,568$1,261,085
64$1,350,829$1,032,570$951,156$1,327,408
65$1,451,043$1,045,595$945,450$1,399,022
66$1,560,296$1,058,076$938,369$1,476,440
67$1,679,471$1,069,947$929,829$1,560,230
68$1,809,544$1,081,141$919,745$1,651,018
69$1,951,585$1,091,584$908,024$1,749,494
70$2,106,774$1,101,199$894,570$1,856,417
71$2,276,411$1,109,904$879,284$1,972,627
72$2,461,925$1,117,609$862,060$2,099,047
73$2,664,891$1,124,222$842,789$2,236,697
74$2,887,043$1,129,641$821,355$2,386,701
75$3,130,289$1,133,762$797,639$2,550,298
76$3,396,734$1,136,471$771,515$2,728,855
77$3,688,690$1,137,649$742,851$2,923,878
78$4,008,710$1,137,166$711,509$3,137,029
79$4,359,600$1,134,889$677,347$3,370,140
80$4,744,454$1,130,674$640,213$3,625,232
81$5,166,679$1,124,367$599,950$3,904,532
82$5,630,027$1,115,808$556,395$4,210,496
83$6,138,631$1,104,824$509,376$4,545,833
84$6,697,045$1,091,234$458,714$4,913,530
85$7,310,283$1,074,844$404,220$5,316,880
86$7,983,872$1,055,451$345,701$5,759,514
87$8,723,896$1,032,837$282,951$6,245,437
88$9,537,061$1,006,774$215,758$6,779,062
89$10,430,754$977,019$143,899$7,365,258
90$11,413,113$943,314$67,141$8,009,392
91$12,493,102$905,389$0$8,717,382
92$13,680,600$862,954$0$9,496,698
93$14,986,488$815,706$0$10,358,236
94$16,422,756$763,322$0$11,305,643
95$18,002,615$705,462$0$12,347,680
96$19,740,619$641,767$0$13,494,006
97$21,652,803$571,855$0$14,755,270
98$23,756,838$495,324$0$16,143,211
99$26,072,191$411,751$0$17,670,767
100$28,620,312$320,685$0$19,352,203