Can I retire at age 60 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$76,964$76,278$75,609$74,956$74,319$73,118
2 years$38,101$37,391$36,704$36,037$35,390$34,183
3 years$25,148$24,436$23,750$23,089$22,453$21,278
4 years$18,673$17,963$17,284$16,634$16,014$14,880
5 years$14,789$14,083$13,413$12,777$12,173$11,083
6 years$12,201$11,500$10,840$10,218$9,632$8,588
7 years$10,353$9,658$9,008$8,401$7,834$6,835
8 years$8,967$8,278$7,639$7,047$6,499$5,546
9 years$7,890$7,208$6,580$6,002$5,473$4,565
10 years$7,029$6,353$5,736$5,174$4,663$3,800
11 years$6,325$5,656$5,050$4,503$4,010$3,190
12 years$5,738$5,076$4,482$3,950$3,475$2,698
13 years$5,243$4,588$4,004$3,487$3,031$2,294
14 years$4,818$4,170$3,598$3,095$2,657$1,960
15 years$4,450$3,809$3,248$2,761$2,339$1,681
16 years$4,129$3,495$2,945$2,472$2,067$1,447
17 years$3,846$3,219$2,680$2,221$1,833$1,249
18 years$3,594$2,974$2,446$2,001$1,630$1,080
19 years$3,370$2,757$2,240$1,809$1,453$936
20 years$3,168$2,562$2,055$1,638$1,298$813
21 years$2,985$2,386$1,891$1,487$1,161$707
22 years$2,819$2,227$1,742$1,352$1,041$615
23 years$2,668$2,083$1,609$1,231$934$536
24 years$2,530$1,952$1,488$1,123$840$468
25 years$2,403$1,832$1,378$1,025$756$408
26 years$2,286$1,721$1,278$937$681$357
27 years$2,178$1,620$1,187$858$614$312
28 years$2,077$1,527$1,103$786$554$273
29 years$1,984$1,440$1,027$721$500$239
30 years$1,897$1,360$956$662$452$209
31 years$1,816$1,286$892$608$408$183
32 years$1,740$1,217$832$558$369$160
33 years$1,669$1,152$777$514$334$141
34 years$1,602$1,092$726$473$303$123
35 years$1,539$1,036$679$435$274$108
36 years$1,480$983$635$401$248$95
37 years$1,424$934$594$369$225$83
38 years$1,372$887$556$340$204$73
39 years$1,322$844$521$314$185$64
40 years$1,274$803$489$289$168$56
41 years$1,229$764$458$267$152$49
42 years$1,187$728$430$246$138$43
43 years$1,146$693$403$227$125$38
44 years$1,107$661$379$210$114$33
45 years$1,071$630$355$194$103$29
46 years$1,035$601$334$179$94$26
47 years$1,002$574$314$166$85$22
48 years$970$548$295$153$77$20
49 years$939$523$277$141$70$17
50 years$910$500$260$131$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $932,000, adding $5,734 every year, while hoping to spend $42,720 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: 86/8/6 Blend
59$932,000$932,000$932,000$932,000
60$1,032,979$983,583$969,137$1,121,059
61$1,092,889$986,324$956,149$1,182,072
62$1,157,478$987,769$941,294$1,242,619
63$1,227,178$987,807$924,465$1,307,773
64$1,302,464$986,324$905,549$1,377,969
65$1,383,859$983,196$884,428$1,453,683
66$1,471,934$978,295$860,978$1,535,440
67$1,567,321$971,481$835,070$1,623,818
68$1,670,713$962,609$806,571$1,719,455
69$1,782,872$951,523$775,337$1,823,049
70$1,904,636$938,059$741,222$1,935,374
71$2,036,928$922,042$704,072$2,057,279
72$2,180,760$903,289$663,724$2,189,699
73$2,337,250$881,602$620,011$2,333,666
74$2,507,625$856,775$572,756$2,490,314
75$2,693,234$828,589$521,776$2,660,894
76$2,895,566$796,812$466,877$2,846,783
77$3,116,255$761,197$407,859$3,049,500
78$3,357,104$721,486$344,512$3,270,716
79$3,620,092$677,403$276,618$3,512,274
80$3,907,404$628,658$203,946$3,776,202
81$4,221,440$574,943$126,260$4,064,737
82$4,564,846$515,934$43,308$4,380,343
83$4,940,532$451,287$0$4,725,734
84$5,351,706$380,640$0$5,106,797
85$5,801,898$303,609$0$5,527,081
86$6,294,996$219,790$0$5,987,461
87$6,835,280$128,754$0$6,491,958
88$7,427,466$30,051$0$7,045,003
89$8,076,748$0$0$7,651,478
90$8,788,845$0$0$8,323,522
91$9,570,055$0$0$9,063,707
92$10,427,319$0$0$9,875,963
93$11,368,279$0$0$10,767,534
94$12,401,354$0$0$11,746,398
95$13,535,818$0$0$12,821,344
96$14,781,887$0$0$14,002,054
97$16,150,817$0$0$15,299,194
98$17,655,004$0$0$16,724,514
99$19,308,107$0$0$18,290,957
100$21,125,175$0$0$20,012,785