Can I retire at age 60 with 939,000?

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 $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%18.8%
1 years$77,542$76,851$76,177$75,519$74,877$72,220
2 years$38,387$37,672$36,979$36,307$35,656$33,008
3 years$25,337$24,619$23,928$23,263$22,622$20,065
4 years$18,813$18,098$17,413$16,759$16,134$13,688
5 years$14,900$14,189$13,514$12,873$12,265$9,937
6 years$12,292$11,586$10,921$10,294$9,705$7,496
7 years$10,430$9,730$9,075$8,464$7,892$5,803
8 years$9,034$8,340$7,697$7,100$6,548$4,575
9 years$7,949$7,262$6,629$6,048$5,514$3,656
10 years$7,082$6,401$5,779$5,213$4,698$2,952
11 years$6,372$5,698$5,088$4,537$4,041$2,402
12 years$5,781$5,115$4,516$3,979$3,502$1,967
13 years$5,282$4,622$4,034$3,513$3,053$1,619
14 years$4,854$4,201$3,625$3,119$2,677$1,337
15 years$4,484$3,838$3,273$2,781$2,357$1,108
16 years$4,160$3,521$2,967$2,490$2,083$921
17 years$3,875$3,243$2,700$2,238$1,847$767
18 years$3,621$2,997$2,465$2,017$1,642$640
19 years$3,395$2,777$2,256$1,822$1,464$535
20 years$3,191$2,581$2,071$1,650$1,307$447
21 years$3,007$2,404$1,905$1,498$1,170$375
22 years$2,840$2,244$1,756$1,362$1,049$314
23 years$2,688$2,099$1,621$1,240$941$263
24 years$2,549$1,966$1,499$1,131$846$221
25 years$2,421$1,845$1,388$1,033$761$185
26 years$2,303$1,734$1,288$945$686$156
27 years$2,194$1,632$1,196$865$618$131
28 years$2,093$1,538$1,112$792$558$110
29 years$1,999$1,451$1,034$726$504$92
30 years$1,911$1,370$964$667$455$78
31 years$1,830$1,295$898$612$412$65
32 years$1,753$1,226$838$563$372$55
33 years$1,682$1,161$783$517$337$46
34 years$1,614$1,100$731$476$305$39
35 years$1,551$1,043$684$438$276$33
36 years$1,491$990$639$404$250$28
37 years$1,435$941$599$372$227$23
38 years$1,382$894$561$343$206$20
39 years$1,331$850$525$316$187$16
40 years$1,284$809$492$292$169$14
41 years$1,238$770$462$269$153$12
42 years$1,195$733$433$248$139$10
43 years$1,155$699$406$229$126$8
44 years$1,116$666$381$212$115$7
45 years$1,079$635$358$195$104$6
46 years$1,043$606$336$180$95$5
47 years$1,009$578$316$167$86$4
48 years$977$552$297$154$78$3
49 years$946$527$279$142$71$3
50 years$917$503$262$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $939,000, adding $6,018 every year, while hoping to spend $49,693 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: 34/46/20 Blend
59$939,000$939,000$939,000$939,000
60$1,040,986$991,219$976,664$1,069,819
61$1,094,293$986,915$956,509$1,087,326
62$1,151,373$980,736$934,014$1,101,187
63$1,212,556$972,535$909,047$1,115,104
64$1,278,208$962,161$881,472$1,129,110
65$1,348,729$949,451$851,144$1,143,247
66$1,424,558$934,232$817,916$1,157,567
67$1,506,176$916,322$781,629$1,172,130
68$1,594,113$895,529$742,121$1,187,006
69$1,688,950$871,648$699,220$1,202,281
70$1,791,326$844,462$652,747$1,218,051
71$1,901,943$813,742$602,516$1,234,432
72$2,021,572$779,246$548,330$1,251,553
73$2,151,060$740,717$489,987$1,269,568
74$2,291,340$697,883$427,273$1,288,651
75$2,443,435$650,458$359,966$1,309,001
76$2,608,473$598,139$287,832$1,330,845
77$2,787,693$540,603$210,630$1,354,444
78$2,982,458$477,513$128,106$1,380,092
79$3,194,267$408,509$39,996$1,408,123
80$3,424,770$333,214$0$1,438,917
81$3,675,781$251,227$0$1,484,431
82$3,949,300$162,125$0$1,543,476
83$4,247,522$65,463$0$1,608,115
84$4,572,868$0$0$1,679,026
85$4,928,001$0$0$1,776,825
86$5,315,851$0$0$1,919,953
87$5,739,645$0$0$2,076,478
88$6,202,936$0$0$2,247,732
89$6,709,636$0$0$2,435,176
90$7,264,049$0$0$2,640,421
91$7,870,918$0$0$2,865,243
92$8,535,465$0$0$3,111,595
93$9,263,440$0$0$3,381,629
94$10,061,175$0$0$3,677,714
95$10,935,645$0$0$4,002,462
96$11,894,529$0$0$4,358,748
97$12,946,288$0$0$4,749,737
98$14,100,240$0$0$5,178,919
99$15,366,649$0$0$5,650,136
100$16,756,818$0$0$6,167,620