Can I retire at age 60 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$77,377$76,687$76,015$75,359$74,718$71,952
2 years$38,305$37,592$36,900$36,230$35,580$32,825
3 years$25,283$24,567$23,877$23,213$22,573$19,916
4 years$18,773$18,059$17,376$16,724$16,099$13,559
5 years$14,869$14,159$13,485$12,845$12,239$9,822
6 years$12,266$11,562$10,898$10,273$9,684$7,393
7 years$10,408$9,709$9,056$8,446$7,876$5,710
8 years$9,015$8,323$7,680$7,085$6,534$4,491
9 years$7,932$7,246$6,615$6,035$5,502$3,581
10 years$7,067$6,387$5,767$5,202$4,688$2,883
11 years$6,359$5,686$5,077$4,527$4,032$2,340
12 years$5,769$5,104$4,506$3,971$3,494$1,911
13 years$5,271$4,612$4,026$3,506$3,047$1,568
14 years$4,844$4,192$3,617$3,112$2,671$1,292
15 years$4,474$3,830$3,266$2,775$2,352$1,068
16 years$4,151$3,514$2,961$2,485$2,078$885
17 years$3,866$3,236$2,694$2,233$1,843$735
18 years$3,614$2,990$2,460$2,012$1,639$611
19 years$3,388$2,771$2,252$1,818$1,460$509
20 years$3,185$2,575$2,066$1,647$1,305$425
21 years$3,001$2,399$1,901$1,495$1,167$354
22 years$2,834$2,239$1,752$1,359$1,046$296
23 years$2,682$2,094$1,617$1,238$939$248
24 years$2,543$1,962$1,496$1,129$844$207
25 years$2,416$1,841$1,386$1,031$760$173
26 years$2,298$1,731$1,285$943$684$145
27 years$2,189$1,629$1,193$863$617$122
28 years$2,088$1,535$1,109$790$557$102
29 years$1,995$1,448$1,032$725$503$85
30 years$1,907$1,367$962$665$454$71
31 years$1,826$1,293$896$611$411$60
32 years$1,750$1,223$836$561$371$50
33 years$1,678$1,158$781$516$336$42
34 years$1,611$1,098$730$475$304$35
35 years$1,548$1,041$682$437$276$30
36 years$1,488$988$638$403$250$25
37 years$1,432$939$597$371$226$21
38 years$1,379$892$559$342$205$17
39 years$1,329$848$524$315$186$15
40 years$1,281$807$491$291$169$12
41 years$1,236$768$461$268$153$10
42 years$1,193$732$432$248$139$9
43 years$1,152$697$405$229$126$7
44 years$1,113$664$381$211$114$6
45 years$1,076$634$357$195$104$5
46 years$1,041$604$336$180$94$4
47 years$1,007$577$315$166$86$4
48 years$975$551$296$154$78$3
49 years$944$526$278$142$71$3
50 years$915$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 $937,000, adding $6,378 every year, while hoping to spend $26,282 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: 52/25/23 Blend
59$937,000$937,000$937,000$937,000
60$1,039,153$989,492$974,968$1,086,245
61$1,117,183$1,010,013$979,666$1,139,979
62$1,202,291$1,030,659$983,640$1,195,173
63$1,295,171$1,051,408$986,839$1,254,665
64$1,396,588$1,072,237$989,207$1,318,874
65$1,507,382$1,093,119$990,688$1,388,263
66$1,628,481$1,114,027$991,222$1,463,340
67$1,760,903$1,134,931$990,745$1,544,667
68$1,905,771$1,155,799$989,191$1,632,863
69$2,064,321$1,176,594$986,490$1,728,610
70$2,237,914$1,197,280$982,570$1,832,661
71$2,428,049$1,217,815$977,354$1,945,847
72$2,636,377$1,238,155$970,762$2,069,082
73$2,864,716$1,258,252$962,711$2,203,376
74$3,115,067$1,278,056$953,111$2,349,842
75$3,389,635$1,297,513$941,872$2,509,708
76$3,690,850$1,316,563$928,897$2,684,327
77$4,021,385$1,335,143$914,084$2,875,191
78$4,384,189$1,353,188$897,328$3,083,947
79$4,782,506$1,370,624$878,518$3,312,409
80$5,219,912$1,387,375$857,539$3,562,579
81$5,700,346$1,403,359$834,269$3,836,663
82$6,228,146$1,418,488$808,582$4,137,094
83$6,808,092$1,432,669$780,345$4,466,557
84$7,445,450$1,445,802$749,419$4,828,008
85$8,146,021$1,457,782$715,659$5,224,711
86$8,916,195$1,468,493$678,914$5,660,262
87$9,763,015$1,477,817$639,026$6,138,627
88$10,694,238$1,485,626$595,828$6,664,178
89$11,718,410$1,491,781$549,148$7,241,737
90$12,844,948$1,496,139$498,806$7,876,618
91$14,084,229$1,498,545$444,611$8,574,682
92$15,447,682$1,498,836$386,368$9,342,390
93$16,947,904$1,496,837$323,869$10,186,864
94$18,598,771$1,492,364$256,900$11,115,959
95$20,415,577$1,485,220$185,237$12,138,332
96$22,415,167$1,475,198$108,644$13,263,527
97$24,616,108$1,462,077$26,878$14,502,068
98$27,038,855$1,445,622$0$15,865,552
99$29,705,947$1,425,586$0$17,381,588
100$32,642,219$1,401,706$0$19,057,456