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%12.6%
1 years$77,046$76,360$75,690$75,037$74,399$73,591
2 years$38,142$37,431$36,743$36,075$35,428$34,615
3 years$25,175$24,462$23,775$23,114$22,477$21,684
4 years$18,693$17,982$17,302$16,652$16,031$15,263
5 years$14,805$14,098$13,427$12,791$12,186$11,447
6 years$12,214$11,512$10,851$10,229$9,643$8,932
7 years$10,364$9,668$9,017$8,410$7,842$7,161
8 years$8,977$8,287$7,647$7,055$6,506$5,854
9 years$7,898$7,215$6,587$6,009$5,479$4,856
10 years$7,036$6,360$5,742$5,180$4,668$4,073
11 years$6,332$5,662$5,056$4,508$4,015$3,448
12 years$5,745$5,082$4,487$3,954$3,479$2,940
13 years$5,248$4,593$4,009$3,491$3,034$2,522
14 years$4,823$4,175$3,602$3,099$2,659$2,173
15 years$4,455$3,814$3,252$2,764$2,342$1,881
16 years$4,134$3,499$2,948$2,474$2,070$1,633
17 years$3,850$3,222$2,683$2,223$1,835$1,422
18 years$3,598$2,978$2,449$2,004$1,632$1,242
19 years$3,373$2,760$2,242$1,810$1,454$1,087
20 years$3,171$2,564$2,058$1,640$1,299$953
21 years$2,988$2,389$1,893$1,488$1,162$836
22 years$2,822$2,230$1,744$1,353$1,042$735
23 years$2,671$2,085$1,611$1,232$935$647
24 years$2,533$1,954$1,490$1,124$841$570
25 years$2,405$1,834$1,380$1,026$756$503
26 years$2,288$1,723$1,279$938$681$444
27 years$2,180$1,622$1,188$859$614$392
28 years$2,079$1,528$1,105$787$554$347
29 years$1,986$1,442$1,028$722$501$307
30 years$1,899$1,362$957$662$452$271
31 years$1,818$1,287$893$608$409$240
32 years$1,742$1,218$833$559$370$213
33 years$1,671$1,153$778$514$335$188
34 years$1,604$1,093$727$473$303$167
35 years$1,541$1,037$679$435$275$148
36 years$1,482$984$635$401$249$131
37 years$1,426$935$595$370$225$116
38 years$1,373$888$557$341$204$103
39 years$1,323$845$522$314$185$92
40 years$1,276$804$489$290$168$81
41 years$1,231$765$459$267$153$72
42 years$1,188$728$430$247$138$64
43 years$1,147$694$404$228$126$57
44 years$1,109$662$379$210$114$50
45 years$1,072$631$356$194$103$45
46 years$1,037$602$334$179$94$40
47 years$1,003$574$314$166$85$35
48 years$971$548$295$153$77$31
49 years$940$524$277$141$70$28
50 years$911$500$261$131$64$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $933,000, adding $3,003 every year, while hoping to spend $27,959 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: 82/9/9 Blend
59$933,000$933,000$933,000$933,000
60$1,031,264$981,815$967,353$1,114,280
61$1,106,704$1,000,175$970,011$1,187,423
62$1,188,903$1,018,499$971,821$1,263,685
63$1,278,519$1,036,753$972,726$1,346,561
64$1,376,279$1,054,905$972,663$1,436,700
65$1,482,983$1,072,918$971,570$1,534,814
66$1,599,509$1,090,753$969,379$1,641,688
67$1,726,826$1,108,368$966,021$1,758,188
68$1,866,001$1,125,717$961,422$1,885,265
69$2,018,208$1,142,752$955,504$2,023,969
70$2,184,739$1,159,420$948,187$2,175,455
71$2,367,017$1,175,667$939,387$2,340,997
72$2,566,610$1,191,431$929,013$2,521,997
73$2,785,244$1,206,651$916,974$2,720,000
74$3,024,818$1,221,256$903,172$2,936,708
75$3,287,426$1,235,175$887,506$3,173,996
76$3,575,374$1,248,329$869,868$3,433,930
77$3,891,201$1,260,635$850,146$3,718,787
78$4,237,703$1,272,006$828,226$4,031,075
79$4,617,960$1,282,346$803,983$4,373,556
80$5,035,366$1,291,554$777,290$4,749,277
81$5,493,658$1,299,525$748,014$5,161,591
82$5,996,953$1,306,144$716,015$5,614,196
83$6,549,788$1,311,291$681,147$6,111,166
84$7,157,157$1,314,835$643,256$6,656,988
85$7,824,566$1,316,641$602,184$7,256,610
86$8,558,078$1,316,562$557,763$7,915,481
87$9,364,373$1,314,445$509,820$8,639,608
88$10,250,812$1,310,126$458,171$9,435,608
89$11,225,503$1,303,430$402,628$10,310,776
90$12,297,379$1,294,172$342,991$11,273,148
91$13,476,283$1,282,158$279,052$12,331,581
92$14,773,059$1,267,179$210,596$13,495,835
93$16,199,655$1,249,015$137,395$14,776,664
94$17,769,236$1,227,433$59,214$16,185,921
95$19,496,307$1,202,186$0$17,736,667
96$21,396,849$1,173,012$0$19,445,621
97$23,488,472$1,139,634$0$21,332,538
98$25,790,578$1,101,758$0$23,409,232
99$28,324,547$1,059,074$0$25,694,992
100$31,113,936$1,011,254$0$28,211,075