Can I retire at age 60 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$79,689$78,979$78,286$77,610$76,950$74,368
2 years$39,450$38,715$38,003$37,313$36,643$34,067
3 years$26,039$25,301$24,591$23,907$23,248$20,759
4 years$19,334$18,599$17,896$17,223$16,581$14,198
5 years$15,313$14,582$13,888$13,229$12,604$10,334
6 years$12,633$11,907$11,223$10,580$9,973$7,817
7 years$10,719$9,999$9,327$8,698$8,111$6,069
8 years$9,285$8,571$7,910$7,297$6,729$4,799
9 years$8,169$7,463$6,813$6,215$5,667$3,847
10 years$7,278$6,578$5,939$5,357$4,828$3,115
11 years$6,549$5,856$5,229$4,663$4,152$2,543
12 years$5,942$5,256$4,641$4,090$3,598$2,090
13 years$5,428$4,750$4,146$3,611$3,138$1,725
14 years$4,989$4,318$3,725$3,205$2,751$1,430
15 years$4,608$3,944$3,363$2,858$2,422$1,190
16 years$4,275$3,619$3,049$2,559$2,141$992
17 years$3,982$3,333$2,775$2,300$1,898$829
18 years$3,722$3,080$2,533$2,072$1,688$695
19 years$3,489$2,854$2,319$1,873$1,504$583
20 years$3,280$2,652$2,128$1,696$1,344$489
21 years$3,091$2,470$1,958$1,539$1,202$411
22 years$2,919$2,306$1,804$1,399$1,078$346
23 years$2,763$2,157$1,666$1,275$967$291
24 years$2,619$2,021$1,541$1,162$870$245
25 years$2,488$1,896$1,427$1,062$782$207
26 years$2,367$1,782$1,323$971$705$174
27 years$2,255$1,677$1,229$888$635$147
28 years$2,151$1,581$1,142$814$573$124
29 years$2,054$1,491$1,063$746$518$105
30 years$1,964$1,408$990$685$468$89
31 years$1,880$1,331$923$629$423$75
32 years$1,802$1,260$861$578$383$63
33 years$1,728$1,193$804$532$346$53
34 years$1,659$1,131$751$489$313$45
35 years$1,594$1,072$703$450$284$38
36 years$1,533$1,018$657$415$257$32
37 years$1,475$967$615$382$233$27
38 years$1,420$919$576$352$211$23
39 years$1,368$874$540$325$192$19
40 years$1,319$831$506$300$174$16
41 years$1,273$791$474$276$158$14
42 years$1,229$753$445$255$143$12
43 years$1,187$718$418$235$130$10
44 years$1,147$684$392$217$118$8
45 years$1,108$653$368$201$107$7
46 years$1,072$623$346$185$97$6
47 years$1,037$594$325$171$88$5
48 years$1,004$567$305$158$80$4
49 years$973$542$287$146$73$4
50 years$942$517$270$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $965,000, adding $6,570 every year, while hoping to spend $25,555 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: 61/23/16 Blend
59$965,000$965,000$965,000$965,000
60$1,070,207$1,019,062$1,004,104$1,130,788
61$1,152,178$1,041,806$1,010,552$1,195,122
62$1,241,653$1,064,807$1,016,358$1,261,847
63$1,339,371$1,088,053$1,021,476$1,334,059
64$1,446,146$1,111,526$1,025,854$1,412,294
65$1,562,871$1,135,209$1,029,438$1,497,140
66$1,690,533$1,159,083$1,032,173$1,589,245
67$1,830,215$1,183,126$1,034,000$1,689,325
68$1,983,114$1,207,317$1,034,856$1,798,166
69$2,150,545$1,231,628$1,034,676$1,916,636
70$2,333,955$1,256,033$1,033,393$2,045,691
71$2,534,942$1,280,501$1,030,934$2,186,384
72$2,755,261$1,305,001$1,027,226$2,339,876
73$2,996,847$1,329,496$1,022,188$2,507,448
74$3,261,833$1,353,949$1,015,739$2,690,508
75$3,552,566$1,378,318$1,007,791$2,890,611
76$3,871,631$1,402,559$998,256$3,109,469
77$4,221,877$1,426,624$987,037$3,348,970
78$4,606,442$1,450,461$974,036$3,611,194
79$5,028,780$1,474,016$959,148$3,898,434
80$5,492,701$1,497,227$942,264$4,213,217
81$6,002,397$1,520,032$923,271$4,558,328
82$6,562,490$1,542,362$902,049$4,936,838
83$7,178,070$1,564,143$878,473$5,352,129
84$7,854,744$1,585,298$852,413$5,807,931
85$8,598,691$1,605,740$823,732$6,308,354
86$9,416,718$1,625,382$792,287$6,857,930
87$10,316,323$1,644,126$757,929$7,461,650
88$11,305,770$1,661,870$720,502$8,125,020
89$12,394,162$1,678,505$679,842$8,854,104
90$13,591,529$1,693,914$635,779$9,655,591
91$14,908,922$1,707,973$588,134$10,536,848
92$16,358,517$1,720,548$536,722$11,505,999
93$17,953,731$1,731,500$481,347$12,571,995
94$19,709,345$1,740,678$421,806$13,744,706
95$21,641,650$1,747,922$357,888$15,035,005
96$23,768,590$1,753,062$289,369$16,454,881
97$26,109,943$1,755,919$216,019$18,017,545
98$28,687,497$1,756,299$137,596$19,737,559
99$31,525,264$1,754,000$53,848$21,630,972
100$34,649,700$1,748,805$0$23,715,473