Can I retire at age 60 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$76,881$76,196$75,528$74,876$74,239$71,548
2 years$38,060$37,351$36,664$35,998$35,352$32,670
3 years$25,121$24,409$23,724$23,064$22,429$19,841
4 years$18,653$17,943$17,265$16,617$15,996$13,522
5 years$14,773$14,068$13,398$12,763$12,160$9,806
6 years$12,188$11,487$10,828$10,207$9,622$7,389
7 years$10,341$9,647$8,998$8,392$7,825$5,713
8 years$8,957$8,269$7,631$7,039$6,492$4,499
9 years$7,882$7,200$6,573$5,996$5,467$3,591
10 years$7,021$6,346$5,730$5,169$4,658$2,896
11 years$6,318$5,650$5,045$4,498$4,006$2,353
12 years$5,732$5,071$4,477$3,946$3,472$1,924
13 years$5,237$4,583$4,000$3,483$3,027$1,581
14 years$4,813$4,166$3,594$3,092$2,654$1,305
15 years$4,446$3,805$3,245$2,758$2,337$1,080
16 years$4,125$3,491$2,942$2,469$2,065$896
17 years$3,842$3,215$2,677$2,219$1,831$745
18 years$3,591$2,971$2,444$1,999$1,628$621
19 years$3,366$2,754$2,237$1,807$1,451$518
20 years$3,164$2,559$2,053$1,636$1,296$433
21 years$2,982$2,383$1,889$1,485$1,160$362
22 years$2,816$2,225$1,741$1,350$1,040$303
23 years$2,665$2,081$1,607$1,230$933$253
24 years$2,527$1,950$1,486$1,121$839$212
25 years$2,400$1,830$1,377$1,024$755$178
26 years$2,283$1,720$1,277$936$680$149
27 years$2,175$1,618$1,186$857$613$125
28 years$2,075$1,525$1,102$785$553$105
29 years$1,982$1,439$1,026$720$499$88
30 years$1,895$1,359$955$661$451$74
31 years$1,814$1,284$891$607$408$62
32 years$1,738$1,215$831$558$369$52
33 years$1,667$1,151$776$513$334$44
34 years$1,601$1,091$725$472$302$37
35 years$1,538$1,035$678$435$274$31
36 years$1,479$982$634$400$248$26
37 years$1,423$933$593$369$225$22
38 years$1,370$886$556$340$204$18
39 years$1,320$843$521$313$185$15
40 years$1,273$802$488$289$168$13
41 years$1,228$763$458$267$152$11
42 years$1,185$727$429$246$138$9
43 years$1,145$693$403$227$125$8
44 years$1,106$660$378$210$114$6
45 years$1,069$630$355$194$103$5
46 years$1,034$601$333$179$94$5
47 years$1,001$573$313$165$85$4
48 years$969$547$294$153$77$3
49 years$938$522$277$141$70$3
50 years$909$499$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $931,000, adding $5,132 every year, while hoping to spend $31,618 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: 65/23/12 Blend
59$931,000$931,000$931,000$931,000
60$1,031,256$981,913$967,482$1,095,150
61$1,102,802$996,385$966,252$1,152,915
62$1,180,587$1,010,507$963,920$1,211,836
63$1,265,213$1,024,228$960,417$1,275,419
64$1,357,343$1,037,493$955,670$1,344,116
65$1,457,708$1,050,246$949,600$1,418,425
66$1,567,109$1,062,424$942,127$1,498,899
67$1,686,433$1,073,961$933,167$1,586,144
68$1,816,651$1,084,786$922,629$1,680,828
69$1,958,834$1,094,826$910,423$1,783,690
70$2,114,163$1,104,000$896,449$1,895,543
71$2,283,933$1,112,222$880,606$2,017,283
72$2,469,576$1,119,402$862,788$2,149,899
73$2,672,663$1,125,443$842,882$2,294,481
74$2,894,928$1,130,243$820,771$2,452,230
75$3,138,277$1,133,692$796,334$2,624,472
76$3,404,813$1,135,674$769,443$2,812,668
77$3,696,848$1,136,066$739,963$3,018,429
78$4,016,929$1,134,736$707,755$3,243,531
79$4,367,864$1,131,546$672,673$3,489,931
80$4,752,742$1,126,348$634,563$3,759,790
81$5,174,968$1,118,985$593,267$4,055,487
82$5,638,289$1,109,290$548,616$4,379,649
83$6,146,838$1,097,088$500,437$4,735,169
84$6,705,161$1,082,192$448,548$5,125,238
85$7,318,271$1,064,402$392,758$5,553,374
86$7,991,687$1,043,511$332,868$6,023,456
87$8,731,491$1,019,295$268,671$6,539,761
88$9,544,382$991,519$199,950$7,107,003
89$10,437,739$959,933$126,478$7,730,382
90$11,419,693$924,275$48,020$8,415,628
91$12,499,202$884,264$0$9,169,060
92$13,686,133$839,606$0$10,002,215
93$14,991,360$789,988$0$10,925,060
94$16,426,861$735,079$0$11,939,941
95$18,005,834$674,532$0$13,056,226
96$19,742,821$607,975$0$14,284,242
97$21,653,843$535,020$0$15,635,372
98$23,756,552$455,253$0$17,122,160
99$26,070,399$368,240$0$18,758,434
100$28,616,815$273,519$0$20,559,432