Can I retire at age 60 with 931,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$76,881$76,196$75,528$74,876$74,239$72,740
2 years$38,060$37,351$36,664$35,998$35,352$33,848
3 years$25,121$24,409$23,724$23,064$22,429$20,967
4 years$18,653$17,943$17,265$16,617$15,996$14,589
5 years$14,773$14,068$13,398$12,763$12,160$10,810
6 years$12,188$11,487$10,828$10,207$9,622$8,331
7 years$10,341$9,647$8,998$8,392$7,825$6,593
8 years$8,957$8,269$7,631$7,039$6,492$5,319
9 years$7,882$7,200$6,573$5,996$5,467$4,352
10 years$7,021$6,346$5,730$5,169$4,658$3,600
11 years$6,318$5,650$5,045$4,498$4,006$3,004
12 years$5,732$5,071$4,477$3,946$3,472$2,524
13 years$5,237$4,583$4,000$3,483$3,027$2,132
14 years$4,813$4,166$3,594$3,092$2,654$1,809
15 years$4,446$3,805$3,245$2,758$2,337$1,541
16 years$4,125$3,491$2,942$2,469$2,065$1,317
17 years$3,842$3,215$2,677$2,219$1,831$1,129
18 years$3,591$2,971$2,444$1,999$1,628$969
19 years$3,366$2,754$2,237$1,807$1,451$834
20 years$3,164$2,559$2,053$1,636$1,296$719
21 years$2,982$2,383$1,889$1,485$1,160$620
22 years$2,816$2,225$1,741$1,350$1,040$536
23 years$2,665$2,081$1,607$1,230$933$463
24 years$2,527$1,950$1,486$1,121$839$401
25 years$2,400$1,830$1,377$1,024$755$347
26 years$2,283$1,720$1,277$936$680$301
27 years$2,175$1,618$1,186$857$613$261
28 years$2,075$1,525$1,102$785$553$226
29 years$1,982$1,439$1,026$720$499$197
30 years$1,895$1,359$955$661$451$171
31 years$1,814$1,284$891$607$408$148
32 years$1,738$1,215$831$558$369$129
33 years$1,667$1,151$776$513$334$112
34 years$1,601$1,091$725$472$302$97
35 years$1,538$1,035$678$435$274$85
36 years$1,479$982$634$400$248$74
37 years$1,423$933$593$369$225$64
38 years$1,370$886$556$340$204$56
39 years$1,320$843$521$313$185$48
40 years$1,273$802$488$289$168$42
41 years$1,228$763$458$267$152$37
42 years$1,185$727$429$246$138$32
43 years$1,145$693$403$227$125$28
44 years$1,106$660$378$210$114$24
45 years$1,069$630$355$194$103$21
46 years$1,034$601$333$179$94$18
47 years$1,001$573$313$165$85$16
48 years$969$547$294$153$77$14
49 years$938$522$277$141$70$12
50 years$909$499$260$130$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $931,000, adding $5,024 every year, while hoping to spend $55,169 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: 36/45/19 Blend
59$931,000$931,000$931,000$931,000
60$1,031,144$981,801$967,371$1,062,155
61$1,077,622$971,210$941,078$1,074,592
62$1,126,991$958,251$912,056$1,082,482
63$1,179,488$942,750$880,154$1,089,851
64$1,235,373$924,521$845,216$1,096,684
65$1,294,928$903,370$807,079$1,102,970
66$1,358,465$879,090$765,570$1,108,701
67$1,426,324$851,461$720,512$1,113,872
68$1,498,877$820,250$671,717$1,118,486
69$1,576,533$785,213$618,990$1,122,550
70$1,659,740$746,089$562,127$1,126,080
71$1,748,990$702,604$500,915$1,129,100
72$1,844,823$654,467$435,131$1,131,642
73$1,947,829$601,370$364,542$1,133,750
74$2,058,659$542,989$288,906$1,135,482
75$2,178,027$478,980$207,969$1,136,909
76$2,306,715$408,980$121,466$1,138,119
77$2,445,586$332,606$29,121$1,139,218
78$2,595,585$249,452$0$1,140,333
79$2,757,750$159,091$0$1,155,692
80$2,933,225$61,071$0$1,178,612
81$3,123,266$0$0$1,203,456
82$3,329,252$0$0$1,252,860
83$3,552,702$0$0$1,339,367
84$3,795,287$0$0$1,433,398
85$4,058,841$0$0$1,535,679
86$4,345,386$0$0$1,647,009
87$4,657,143$0$0$1,768,267
88$4,996,558$0$0$1,900,422
89$5,366,321$0$0$2,044,537
90$5,769,395$0$0$2,201,786
91$6,209,036$0$0$2,373,458
92$6,688,832$0$0$2,560,975
93$7,212,732$0$0$2,765,899
94$7,785,081$0$0$2,989,952
95$8,410,664$0$0$3,235,029
96$9,094,749$0$0$3,503,217
97$9,843,136$0$0$3,796,814
98$10,662,211$0$0$4,118,351
99$11,559,007$0$0$4,470,613
100$12,541,267$0$0$4,856,671