Can I retire at age 60 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$82,496$81,762$81,045$80,345$79,662$76,805
2 years$40,840$40,079$39,342$38,627$37,934$35,087
3 years$26,956$26,192$25,457$24,749$24,067$21,319
4 years$20,016$19,254$18,526$17,830$17,165$14,536
5 years$15,852$15,095$14,377$13,695$13,048$10,547
6 years$13,078$12,327$11,619$10,952$10,325$7,952
7 years$11,097$10,352$9,655$9,004$8,397$6,152
8 years$9,612$8,873$8,188$7,554$6,966$4,848
9 years$8,457$7,726$7,053$6,434$5,866$3,872
10 years$7,534$6,810$6,149$5,546$4,998$3,124
11 years$6,779$6,063$5,413$4,827$4,299$2,540
12 years$6,151$5,441$4,804$4,234$3,725$2,079
13 years$5,620$4,917$4,292$3,738$3,248$1,709
14 years$5,164$4,470$3,857$3,318$2,848$1,411
15 years$4,770$4,083$3,482$2,959$2,507$1,169
16 years$4,426$3,746$3,157$2,650$2,216$971
17 years$4,122$3,450$2,873$2,381$1,965$808
18 years$3,853$3,188$2,622$2,145$1,747$673
19 years$3,612$2,955$2,401$1,939$1,557$562
20 years$3,395$2,746$2,203$1,756$1,391$470
21 years$3,200$2,558$2,026$1,593$1,245$393
22 years$3,022$2,387$1,868$1,449$1,116$329
23 years$2,860$2,233$1,725$1,319$1,001$276
24 years$2,712$2,092$1,595$1,203$900$231
25 years$2,576$1,963$1,477$1,099$810$194
26 years$2,450$1,845$1,370$1,005$730$163
27 years$2,334$1,736$1,272$920$658$137
28 years$2,227$1,636$1,183$843$594$115
29 years$2,127$1,544$1,101$773$536$96
30 years$2,034$1,458$1,025$709$484$81
31 years$1,947$1,378$956$651$438$68
32 years$1,865$1,304$892$599$396$57
33 years$1,789$1,235$833$550$358$48
34 years$1,717$1,170$778$507$325$40
35 years$1,650$1,110$727$466$294$34
36 years$1,587$1,054$680$429$266$29
37 years$1,527$1,001$637$396$241$24
38 years$1,470$951$596$365$219$20
39 years$1,417$904$559$336$198$17
40 years$1,366$860$524$310$180$14
41 years$1,318$819$491$286$163$12
42 years$1,272$780$461$264$148$10
43 years$1,228$743$432$244$134$8
44 years$1,187$708$406$225$122$7
45 years$1,147$676$381$208$111$6
46 years$1,110$644$358$192$101$5
47 years$1,074$615$336$177$91$4
48 years$1,040$587$316$164$83$4
49 years$1,007$561$297$151$75$3
50 years$975$536$279$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $999,000, adding $4,651 every year, while hoping to spend $33,262 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: 65/25/10 Blend
59$999,000$999,000$999,000$999,000
60$1,105,696$1,052,749$1,037,264$1,174,901
61$1,183,086$1,068,943$1,036,622$1,237,808
62$1,267,255$1,084,816$1,034,843$1,302,169
63$1,358,860$1,100,316$1,031,855$1,371,636
64$1,458,623$1,115,390$1,027,581$1,446,704
65$1,567,337$1,129,980$1,021,940$1,527,920
66$1,685,879$1,144,022$1,014,848$1,615,884
67$1,815,210$1,157,450$1,006,217$1,711,260
68$1,956,389$1,170,194$995,954$1,814,778
69$2,110,585$1,182,177$983,962$1,927,245
70$2,279,079$1,193,318$970,139$2,049,547
71$2,463,286$1,203,531$954,380$2,182,665
72$2,664,762$1,212,725$936,572$2,327,678
73$2,885,220$1,220,801$916,600$2,485,774
74$3,126,548$1,227,656$894,341$2,658,267
75$3,390,823$1,233,178$869,669$2,846,602
76$3,680,332$1,237,249$842,448$3,052,373
77$3,997,597$1,239,745$812,541$3,277,339
78$4,345,392$1,240,533$779,801$3,523,437
79$4,726,773$1,239,470$744,075$3,792,804
80$5,145,106$1,236,407$705,205$4,087,795
81$5,604,100$1,231,184$663,022$4,411,008
82$6,107,838$1,223,632$617,353$4,765,305
83$6,660,820$1,213,572$568,017$5,153,843
84$7,268,000$1,200,813$514,822$5,580,103
85$7,934,837$1,185,154$457,570$6,047,922
86$8,667,345$1,166,381$396,053$6,561,529
87$9,472,149$1,144,268$330,055$7,125,587
88$10,356,545$1,118,574$259,348$7,745,239
89$11,328,574$1,089,046$183,698$8,426,152
90$12,397,093$1,055,414$102,857$9,174,576
91$13,571,862$1,017,394$16,567$9,997,398
92$14,863,629$974,684$0$10,902,213
93$16,284,242$926,966$0$11,905,451
94$17,846,749$873,902$0$13,010,695
95$19,565,530$815,136$0$14,226,379
96$21,456,426$750,290$0$15,563,754
97$23,536,894$678,966$0$17,035,217
98$25,826,163$600,742$0$18,654,434
99$28,345,427$515,173$0$20,436,466
100$31,118,032$421,788$0$22,397,916