Can I retire at age 60 with 933,000?

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 $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%16.5%
1 years$77,046$76,360$75,690$75,037$74,399$72,424
2 years$38,142$37,431$36,743$36,075$35,428$33,452
3 years$25,175$24,462$23,775$23,114$22,477$20,562
4 years$18,693$17,982$17,302$16,652$16,031$14,191
5 years$14,805$14,098$13,427$12,791$12,186$10,428
6 years$12,214$11,512$10,851$10,229$9,643$7,966
7 years$10,364$9,668$9,017$8,410$7,842$6,248
8 years$8,977$8,287$7,647$7,055$6,506$4,993
9 years$7,898$7,215$6,587$6,009$5,479$4,047
10 years$7,036$6,360$5,742$5,180$4,668$3,315
11 years$6,332$5,662$5,056$4,508$4,015$2,738
12 years$5,745$5,082$4,487$3,954$3,479$2,276
13 years$5,248$4,593$4,009$3,491$3,034$1,902
14 years$4,823$4,175$3,602$3,099$2,659$1,597
15 years$4,455$3,814$3,252$2,764$2,342$1,345
16 years$4,134$3,499$2,948$2,474$2,070$1,137
17 years$3,850$3,222$2,683$2,223$1,835$963
18 years$3,598$2,978$2,449$2,004$1,632$817
19 years$3,373$2,760$2,242$1,810$1,454$695
20 years$3,171$2,564$2,058$1,640$1,299$591
21 years$2,988$2,389$1,893$1,488$1,162$504
22 years$2,822$2,230$1,744$1,353$1,042$430
23 years$2,671$2,085$1,611$1,232$935$367
24 years$2,533$1,954$1,490$1,124$841$314
25 years$2,405$1,834$1,380$1,026$756$268
26 years$2,288$1,723$1,279$938$681$230
27 years$2,180$1,622$1,188$859$614$197
28 years$2,079$1,528$1,105$787$554$168
29 years$1,986$1,442$1,028$722$501$144
30 years$1,899$1,362$957$662$452$124
31 years$1,818$1,287$893$608$409$106
32 years$1,742$1,218$833$559$370$91
33 years$1,671$1,153$778$514$335$78
34 years$1,604$1,093$727$473$303$67
35 years$1,541$1,037$679$435$275$57
36 years$1,482$984$635$401$249$49
37 years$1,426$935$595$370$225$42
38 years$1,373$888$557$341$204$36
39 years$1,323$845$522$314$185$31
40 years$1,276$804$489$290$168$27
41 years$1,231$765$459$267$153$23
42 years$1,188$728$430$247$138$20
43 years$1,147$694$404$228$126$17
44 years$1,109$662$379$210$114$14
45 years$1,072$631$356$194$103$12
46 years$1,037$602$334$179$94$11
47 years$1,003$574$314$166$85$9
48 years$971$548$295$153$77$8
49 years$940$524$277$141$70$7
50 years$911$500$261$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $933,000, adding $5,003 every year, while hoping to spend $35,620 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: 32/44/24 Blend
59$933,000$933,000$933,000$933,000
60$1,033,327$983,878$969,416$1,058,644
61$1,100,827$994,188$963,992$1,088,540
62$1,174,018$1,003,810$957,193$1,117,179
63$1,253,443$1,012,672$948,934$1,147,306
64$1,339,699$1,020,698$939,128$1,179,075
65$1,433,443$1,027,807$927,684$1,212,657
66$1,535,398$1,033,913$914,505$1,248,244
67$1,646,357$1,038,924$899,490$1,286,048
68$1,767,197$1,042,743$882,534$1,326,307
69$1,898,879$1,045,265$863,527$1,369,286
70$2,042,463$1,046,381$842,353$1,415,277
71$2,199,114$1,045,974$818,892$1,464,610
72$2,370,115$1,043,918$793,016$1,517,646
73$2,556,880$1,040,083$764,595$1,574,791
74$2,760,962$1,034,327$733,489$1,636,495
75$2,984,074$1,026,503$699,555$1,703,256
76$3,228,100$1,016,453$662,641$1,775,629
77$3,495,116$1,004,009$622,589$1,854,230
78$3,787,407$988,994$579,235$1,939,741
79$4,107,489$971,221$532,406$2,032,922
80$4,458,133$950,491$481,922$2,134,613
81$4,842,391$926,593$427,594$2,245,745
82$5,263,623$899,304$369,226$2,367,354
83$5,725,530$868,388$306,614$2,500,584
84$6,232,191$833,596$239,542$2,646,704
85$6,788,094$794,662$167,786$2,807,121
86$7,398,187$751,307$91,114$2,983,392
87$8,067,916$703,236$9,281$3,177,241
88$8,803,285$650,135$0$3,390,578
89$9,610,903$591,675$0$3,645,501
90$10,498,052$527,505$0$3,928,199
91$11,472,757$457,255$0$4,238,949
92$12,543,854$380,537$0$4,580,688
93$13,721,081$296,937$0$4,956,659
94$15,015,164$206,020$0$5,370,442
95$16,437,921$107,325$0$5,825,993
96$18,002,373$368$0$6,327,677
97$19,722,864$0$0$6,880,316
98$21,615,199$0$0$7,545,091
99$23,696,791$0$0$8,276,709
100$25,986,826$0$0$9,081,755