Can I retire at age 60 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$77,294$76,606$75,934$75,278$74,638$71,847
2 years$38,264$37,552$36,861$36,191$35,542$32,762
3 years$25,256$24,540$23,852$23,188$22,549$19,868
4 years$18,753$18,040$17,358$16,706$16,082$13,520
5 years$14,853$14,143$13,470$12,832$12,226$9,789
6 years$12,253$11,549$10,886$10,262$9,674$7,364
7 years$10,397$9,699$9,046$8,437$7,867$5,684
8 years$9,006$8,314$7,672$7,077$6,527$4,468
9 years$7,924$7,239$6,608$6,028$5,496$3,560
10 years$7,059$6,381$5,761$5,196$4,683$2,865
11 years$6,352$5,680$5,072$4,522$4,028$2,324
12 years$5,763$5,098$4,501$3,967$3,490$1,896
13 years$5,265$4,607$4,021$3,502$3,044$1,555
14 years$4,839$4,188$3,613$3,109$2,668$1,280
15 years$4,470$3,826$3,262$2,772$2,349$1,057
16 years$4,147$3,510$2,958$2,482$2,076$876
17 years$3,862$3,233$2,691$2,230$1,841$727
18 years$3,610$2,987$2,457$2,010$1,637$604
19 years$3,384$2,768$2,249$1,816$1,459$503
20 years$3,181$2,573$2,064$1,645$1,303$419
21 years$2,998$2,396$1,899$1,493$1,166$349
22 years$2,831$2,237$1,750$1,357$1,045$292
23 years$2,680$2,092$1,616$1,236$938$244
24 years$2,541$1,960$1,494$1,128$843$204
25 years$2,413$1,839$1,384$1,030$759$170
26 years$2,296$1,729$1,284$942$684$142
27 years$2,187$1,627$1,192$862$616$119
28 years$2,086$1,533$1,108$790$556$100
29 years$1,993$1,446$1,031$724$502$84
30 years$1,905$1,366$960$665$454$70
31 years$1,824$1,291$895$610$410$59
32 years$1,748$1,222$835$561$371$49
33 years$1,676$1,157$780$516$336$41
34 years$1,609$1,097$729$475$304$34
35 years$1,546$1,040$681$437$275$29
36 years$1,487$987$637$402$250$24
37 years$1,430$938$597$371$226$20
38 years$1,377$891$559$342$205$17
39 years$1,327$847$523$315$186$14
40 years$1,280$806$491$291$169$12
41 years$1,235$767$460$268$153$10
42 years$1,192$731$432$247$139$8
43 years$1,151$696$405$228$126$7
44 years$1,112$664$380$211$114$6
45 years$1,075$633$357$195$104$5
46 years$1,040$604$335$180$94$4
47 years$1,006$576$315$166$86$3
48 years$974$550$296$154$78$3
49 years$943$525$278$142$71$2
50 years$914$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $936,000, adding $5,561 every year, while hoping to spend $44,077 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: 61/13/26 Blend
59$936,000$936,000$936,000$936,000
60$1,037,208$987,600$973,092$1,092,947
61$1,096,106$989,095$958,793$1,132,970
62$1,159,534$989,186$942,538$1,171,366
63$1,227,908$987,757$924,214$1,212,327
64$1,301,684$984,687$903,705$1,256,113
65$1,381,364$979,845$880,887$1,303,009
66$1,467,498$973,093$855,633$1,353,333
67$1,560,694$964,285$827,807$1,407,436
68$1,661,616$953,267$797,270$1,465,707
69$1,770,997$939,872$763,875$1,528,577
70$1,889,641$923,929$727,467$1,596,521
71$2,018,434$905,251$687,887$1,670,066
72$2,158,350$883,643$644,966$1,749,796
73$2,310,459$858,899$598,530$1,836,355
74$2,475,939$830,799$548,395$1,930,457
75$2,656,088$799,112$494,369$2,032,889
76$2,852,332$763,591$436,253$2,144,524
77$3,066,240$723,977$373,838$2,266,325
78$3,299,541$679,996$306,905$2,399,359
79$3,554,135$631,357$235,227$2,544,802
80$3,832,116$577,752$158,567$2,703,957
81$4,135,788$518,858$76,675$2,878,260
82$4,467,688$454,332$0$3,069,302
83$4,830,608$383,810$0$3,281,811
84$5,227,623$306,910$0$3,537,647
85$5,662,119$223,227$0$3,817,735
86$6,137,824$132,334$0$4,124,523
87$6,658,843$33,779$0$4,460,708
88$7,229,697$0$0$4,829,265
89$7,855,365$0$0$5,243,901
90$8,541,331$0$0$5,703,867
91$9,293,635$0$0$6,208,390
92$10,118,927$0$0$6,761,940
93$11,024,536$0$0$7,369,442
94$12,018,531$0$0$8,036,319
95$13,109,803$0$0$8,768,546
96$14,308,144$0$0$9,572,705
97$15,624,342$0$0$10,456,046
98$17,070,280$0$0$11,426,556
99$18,659,049$0$0$12,493,033
100$20,405,073$0$0$13,665,172