Can I retire at age 60 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$77,542$76,851$76,177$75,519$74,877$74,219
2 years$38,387$37,672$36,979$36,307$35,656$34,992
3 years$25,337$24,619$23,928$23,263$22,622$21,974
4 years$18,813$18,098$17,413$16,759$16,134$15,506
5 years$14,900$14,189$13,514$12,873$12,265$11,660
6 years$12,292$11,586$10,921$10,294$9,705$9,123
7 years$10,430$9,730$9,075$8,464$7,892$7,334
8 years$9,034$8,340$7,697$7,100$6,548$6,012
9 years$7,949$7,262$6,629$6,048$5,514$5,002
10 years$7,082$6,401$5,779$5,213$4,698$4,209
11 years$6,372$5,698$5,088$4,537$4,041$3,574
12 years$5,781$5,115$4,516$3,979$3,502$3,057
13 years$5,282$4,622$4,034$3,513$3,053$2,630
14 years$4,854$4,201$3,625$3,119$2,677$2,274
15 years$4,484$3,838$3,273$2,781$2,357$1,975
16 years$4,160$3,521$2,967$2,490$2,083$1,721
17 years$3,875$3,243$2,700$2,238$1,847$1,504
18 years$3,621$2,997$2,465$2,017$1,642$1,318
19 years$3,395$2,777$2,256$1,822$1,464$1,157
20 years$3,191$2,581$2,071$1,650$1,307$1,018
21 years$3,007$2,404$1,905$1,498$1,170$897
22 years$2,840$2,244$1,756$1,362$1,049$792
23 years$2,688$2,099$1,621$1,240$941$700
24 years$2,549$1,966$1,499$1,131$846$619
25 years$2,421$1,845$1,388$1,033$761$548
26 years$2,303$1,734$1,288$945$686$486
27 years$2,194$1,632$1,196$865$618$431
28 years$2,093$1,538$1,112$792$558$382
29 years$1,999$1,451$1,034$726$504$340
30 years$1,911$1,370$964$667$455$302
31 years$1,830$1,295$898$612$412$268
32 years$1,753$1,226$838$563$372$238
33 years$1,682$1,161$783$517$337$212
34 years$1,614$1,100$731$476$305$189
35 years$1,551$1,043$684$438$276$168
36 years$1,491$990$639$404$250$150
37 years$1,435$941$599$372$227$133
38 years$1,382$894$561$343$206$119
39 years$1,331$850$525$316$187$106
40 years$1,284$809$492$292$169$94
41 years$1,238$770$462$269$153$84
42 years$1,195$733$433$248$139$75
43 years$1,155$699$406$229$126$67
44 years$1,116$666$381$212$115$59
45 years$1,079$635$358$195$104$53
46 years$1,043$606$336$180$95$47
47 years$1,009$578$316$167$86$42
48 years$977$552$297$154$78$38
49 years$946$527$279$142$71$33
50 years$917$503$262$132$64$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $939,000, adding $3,218 every year, while hoping to spend $54,884 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: 54/36/10 Blend
59$939,000$939,000$939,000$939,000
60$1,038,097$988,330$973,776$1,091,371
61$1,085,587$978,362$948,001$1,117,898
62$1,136,081$966,067$919,524$1,140,500
63$1,189,829$951,271$888,195$1,163,802
64$1,247,101$933,793$853,859$1,187,884
65$1,308,196$913,440$816,354$1,212,832
66$1,373,441$890,007$775,510$1,238,745
67$1,443,192$863,277$731,150$1,265,738
68$1,517,842$833,023$683,089$1,293,937
69$1,597,822$799,000$631,131$1,323,487
70$1,683,601$760,953$575,076$1,354,550
71$1,775,698$718,610$514,711$1,387,311
72$1,874,681$671,683$449,816$1,421,977
73$1,981,173$619,870$380,159$1,458,779
74$2,095,858$562,849$305,500$1,497,979
75$2,219,488$500,281$225,586$1,539,871
76$2,352,889$431,808$140,157$1,584,784
77$2,496,968$357,050$48,936$1,633,086
78$2,652,721$275,608$0$1,685,190
79$2,821,244$187,059$0$1,746,723
80$3,003,742$90,956$0$1,818,944
81$3,201,539$0$0$1,897,236
82$3,416,091$0$0$1,987,494
83$3,648,999$0$0$2,124,665
84$3,902,024$0$0$2,273,761
85$4,177,104$0$0$2,435,936
86$4,476,370$0$0$2,612,455
87$4,802,167$0$0$2,804,713
88$5,157,075$0$0$3,014,243
89$5,543,934$0$0$3,242,735
90$5,965,869$0$0$3,492,045
91$6,426,320$0$0$3,764,219
92$6,929,072$0$0$4,061,508
93$7,478,295$0$0$4,386,391
94$8,078,575$0$0$4,741,596
95$8,734,965$0$0$5,130,128
96$9,453,026$0$0$5,555,294
97$10,238,883$0$0$6,020,737
98$11,099,280$0$0$6,530,467
99$12,041,642$0$0$7,088,901
100$13,074,147$0$0$7,700,904