Can I retire at age 60 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$77,046$76,360$75,690$75,037$74,399$74,023
2 years$38,142$37,431$36,743$36,075$35,428$35,049
3 years$25,175$24,462$23,775$23,114$22,477$22,106
4 years$18,693$17,982$17,302$16,652$16,031$15,671
5 years$14,805$14,098$13,427$12,791$12,186$11,839
6 years$12,214$11,512$10,851$10,229$9,643$9,308
7 years$10,364$9,668$9,017$8,410$7,842$7,520
8 years$8,977$8,287$7,647$7,055$6,506$6,196
9 years$7,898$7,215$6,587$6,009$5,479$5,182
10 years$7,036$6,360$5,742$5,180$4,668$4,384
11 years$6,332$5,662$5,056$4,508$4,015$3,743
12 years$5,745$5,082$4,487$3,954$3,479$3,220
13 years$5,248$4,593$4,009$3,491$3,034$2,787
14 years$4,823$4,175$3,602$3,099$2,659$2,424
15 years$4,455$3,814$3,252$2,764$2,342$2,117
16 years$4,134$3,499$2,948$2,474$2,070$1,856
17 years$3,850$3,222$2,683$2,223$1,835$1,633
18 years$3,598$2,978$2,449$2,004$1,632$1,440
19 years$3,373$2,760$2,242$1,810$1,454$1,272
20 years$3,171$2,564$2,058$1,640$1,299$1,127
21 years$2,988$2,389$1,893$1,488$1,162$1,000
22 years$2,822$2,230$1,744$1,353$1,042$888
23 years$2,671$2,085$1,611$1,232$935$790
24 years$2,533$1,954$1,490$1,124$841$704
25 years$2,405$1,834$1,380$1,026$756$628
26 years$2,288$1,723$1,279$938$681$560
27 years$2,180$1,622$1,188$859$614$500
28 years$2,079$1,528$1,105$787$554$447
29 years$1,986$1,442$1,028$722$501$400
30 years$1,899$1,362$957$662$452$358
31 years$1,818$1,287$893$608$409$320
32 years$1,742$1,218$833$559$370$287
33 years$1,671$1,153$778$514$335$257
34 years$1,604$1,093$727$473$303$231
35 years$1,541$1,037$679$435$275$207
36 years$1,482$984$635$401$249$186
37 years$1,426$935$595$370$225$166
38 years$1,373$888$557$341$204$149
39 years$1,323$845$522$314$185$134
40 years$1,276$804$489$290$168$120
41 years$1,231$765$459$267$153$108
42 years$1,188$728$430$247$138$97
43 years$1,147$694$404$228$126$87
44 years$1,109$662$379$210$114$78
45 years$1,072$631$356$194$103$70
46 years$1,037$602$334$179$94$63
47 years$1,003$574$314$166$85$57
48 years$971$548$295$153$77$51
49 years$940$524$277$141$70$46
50 years$911$500$261$131$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $933,000, adding $6,196 every year, while hoping to spend $55,901 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: 60/14/26 Blend
59$933,000$933,000$933,000$933,000
60$1,034,557$985,108$970,647$1,089,054
61$1,080,604$973,900$943,685$1,115,666
62$1,129,474$960,270$913,947$1,138,130
63$1,181,395$944,038$881,280$1,161,447
64$1,236,620$925,018$845,525$1,185,714
65$1,295,421$903,010$806,516$1,211,037
66$1,358,099$877,803$764,079$1,237,537
67$1,424,982$849,172$718,032$1,265,350
68$1,496,431$816,882$668,187$1,294,629
69$1,572,839$780,681$614,344$1,325,544
70$1,654,640$740,306$556,295$1,358,288
71$1,742,308$695,476$493,826$1,393,074
72$1,836,363$645,894$426,709$1,430,142
73$1,937,376$591,247$354,708$1,469,762
74$2,045,974$531,204$277,576$1,512,232
75$2,162,846$465,415$195,057$1,557,887
76$2,288,746$393,510$106,882$1,607,101
77$2,424,505$315,099$12,769$1,660,289
78$2,571,033$229,768$0$1,717,915
79$2,729,334$137,081$0$1,804,816
80$2,900,506$36,579$0$1,902,607
81$3,085,761$0$0$2,008,470
82$3,286,428$0$0$2,134,336
83$3,503,969$0$0$2,276,957
84$3,739,993$0$0$2,431,760
85$3,996,268$0$0$2,599,913
86$4,274,739$0$0$2,782,702
87$4,577,546$0$0$2,981,540
88$4,907,043$0$0$3,197,981
89$5,265,820$0$0$3,433,738
90$5,656,728$0$0$3,690,694
91$6,082,902$0$0$3,970,920
92$6,547,796$0$0$4,276,698
93$7,055,209$0$0$4,610,539
94$7,609,323$0$0$4,975,207
95$8,214,743$0$0$5,373,744
96$8,876,538$0$0$5,809,501
97$9,600,288$0$0$6,286,166
98$10,392,139$0$0$6,807,799
99$11,258,857$0$0$7,378,873
100$12,207,891$0$0$8,004,311