Can I retire at age 60 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$81,753$81,025$80,315$79,621$78,944$77,382
2 years$40,472$39,718$38,988$38,279$37,592$36,025
3 years$26,713$25,956$25,228$24,526$23,850$22,327
4 years$19,835$19,081$18,359$17,670$17,010$15,542
5 years$15,710$14,959$14,248$13,572$12,931$11,522
6 years$12,960$12,215$11,514$10,854$10,232$8,885
7 years$10,997$10,259$9,568$8,923$8,321$7,036
8 years$9,525$8,793$8,115$7,486$6,903$5,679
9 years$8,381$7,656$6,989$6,376$5,813$4,649
10 years$7,466$6,749$6,093$5,496$4,953$3,849
11 years$6,718$6,008$5,364$4,783$4,260$3,213
12 years$6,095$5,392$4,761$4,196$3,692$2,701
13 years$5,569$4,873$4,253$3,704$3,219$2,284
14 years$5,118$4,430$3,822$3,288$2,822$1,939
15 years$4,727$4,046$3,451$2,932$2,485$1,653
16 years$4,386$3,713$3,128$2,626$2,196$1,414
17 years$4,085$3,419$2,847$2,359$1,947$1,212
18 years$3,818$3,159$2,599$2,126$1,731$1,042
19 years$3,579$2,928$2,379$1,921$1,543$897
20 years$3,365$2,721$2,183$1,740$1,378$773
21 years$3,171$2,534$2,008$1,579$1,233$668
22 years$2,995$2,366$1,851$1,436$1,106$577
23 years$2,834$2,213$1,709$1,308$992$500
24 years$2,687$2,073$1,581$1,193$892$433
25 years$2,552$1,946$1,464$1,089$803$375
26 years$2,428$1,829$1,358$996$723$326
27 years$2,313$1,721$1,261$912$652$283
28 years$2,206$1,622$1,172$835$588$245
29 years$2,107$1,530$1,091$766$531$213
30 years$2,015$1,445$1,016$703$480$185
31 years$1,929$1,366$947$646$434$161
32 years$1,848$1,292$884$593$392$140
33 years$1,773$1,224$825$546$355$122
34 years$1,702$1,160$771$502$322$106
35 years$1,635$1,100$721$462$291$92
36 years$1,572$1,044$674$426$264$80
37 years$1,513$992$631$392$239$70
38 years$1,457$942$591$361$217$61
39 years$1,404$896$554$333$197$53
40 years$1,353$853$519$307$178$46
41 years$1,306$812$487$284$162$40
42 years$1,260$773$456$262$147$35
43 years$1,217$737$428$242$133$30
44 years$1,176$702$402$223$121$26
45 years$1,137$669$378$206$110$23
46 years$1,100$639$355$190$100$20
47 years$1,064$609$333$176$91$17
48 years$1,030$582$313$162$82$15
49 years$998$556$294$150$75$13
50 years$967$531$277$139$68$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $990,000, adding $3,120 every year, while hoping to spend $44,718 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: 73/19/8 Blend
59$990,000$990,000$990,000$990,000
60$1,094,198$1,041,728$1,026,383$1,172,449
61$1,158,227$1,045,193$1,013,188$1,227,948
62$1,227,288$1,047,329$998,051$1,282,809
63$1,301,847$1,048,024$980,861$1,341,639
64$1,382,416$1,047,158$961,501$1,404,819
65$1,469,559$1,044,605$939,848$1,472,765
66$1,563,893$1,040,230$915,772$1,545,937
67$1,666,099$1,033,891$889,139$1,624,844
68$1,776,925$1,025,436$859,810$1,710,045
69$1,897,194$1,014,704$827,635$1,802,157
70$2,027,808$1,001,525$792,462$1,901,863
71$2,169,764$985,719$754,129$2,009,913
72$2,324,156$967,096$712,468$2,127,135
73$2,492,188$945,451$667,304$2,254,444
74$2,675,184$920,572$618,452$2,392,847
75$2,874,604$892,230$565,720$2,543,457
76$3,092,050$860,186$508,908$2,707,500
77$3,329,289$824,185$447,807$2,886,329
78$3,588,265$783,958$382,197$3,081,435
79$3,871,117$739,221$311,849$3,294,465
80$4,180,201$689,673$236,526$3,527,234
81$4,518,109$634,995$155,978$3,781,744
82$4,887,697$574,851$69,944$4,060,203
83$5,292,109$508,885$0$4,365,048
84$5,734,806$436,722$0$4,700,831
85$6,219,598$357,964$0$5,075,142
86$6,750,685$272,192$0$5,485,296
87$7,332,689$178,963$0$5,934,926
88$7,970,699$77,809$0$6,428,031
89$8,670,325$0$0$6,969,026
90$9,437,740$0$0$7,569,415
91$10,279,748$0$0$8,246,056
92$11,203,840$0$0$8,988,708
93$12,218,270$0$0$9,804,010
94$13,332,128$0$0$10,699,273
95$14,555,429$0$0$11,682,555
96$15,899,205$0$0$12,762,727
97$17,375,608$0$0$13,949,566
98$18,998,026$0$0$15,253,842
99$20,781,210$0$0$16,687,419
100$22,741,408$0$0$18,263,367