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%13.8%
1 years$82,496$81,762$81,045$80,345$79,662$78,407
2 years$40,840$40,079$39,342$38,627$37,934$36,673
3 years$26,956$26,192$25,457$24,749$24,067$22,839
4 years$20,016$19,254$18,526$17,830$17,165$15,979
5 years$15,852$15,095$14,377$13,695$13,048$11,909
6 years$13,078$12,327$11,619$10,952$10,325$9,232
7 years$11,097$10,352$9,655$9,004$8,397$7,352
8 years$9,612$8,873$8,188$7,554$6,966$5,969
9 years$8,457$7,726$7,053$6,434$5,866$4,916
10 years$7,534$6,810$6,149$5,546$4,998$4,094
11 years$6,779$6,063$5,413$4,827$4,299$3,440
12 years$6,151$5,441$4,804$4,234$3,725$2,911
13 years$5,620$4,917$4,292$3,738$3,248$2,477
14 years$5,164$4,470$3,857$3,318$2,848$2,118
15 years$4,770$4,083$3,482$2,959$2,507$1,818
16 years$4,426$3,746$3,157$2,650$2,216$1,565
17 years$4,122$3,450$2,873$2,381$1,965$1,352
18 years$3,853$3,188$2,622$2,145$1,747$1,170
19 years$3,612$2,955$2,401$1,939$1,557$1,015
20 years$3,395$2,746$2,203$1,756$1,391$882
21 years$3,200$2,558$2,026$1,593$1,245$767
22 years$3,022$2,387$1,868$1,449$1,116$669
23 years$2,860$2,233$1,725$1,319$1,001$583
24 years$2,712$2,092$1,595$1,203$900$509
25 years$2,576$1,963$1,477$1,099$810$445
26 years$2,450$1,845$1,370$1,005$730$389
27 years$2,334$1,736$1,272$920$658$340
28 years$2,227$1,636$1,183$843$594$298
29 years$2,127$1,544$1,101$773$536$261
30 years$2,034$1,458$1,025$709$484$229
31 years$1,947$1,378$956$651$438$200
32 years$1,865$1,304$892$599$396$176
33 years$1,789$1,235$833$550$358$154
34 years$1,717$1,170$778$507$325$135
35 years$1,650$1,110$727$466$294$119
36 years$1,587$1,054$680$429$266$104
37 years$1,527$1,001$637$396$241$91
38 years$1,470$951$596$365$219$80
39 years$1,417$904$559$336$198$70
40 years$1,366$860$524$310$180$62
41 years$1,318$819$491$286$163$54
42 years$1,272$780$461$264$148$48
43 years$1,228$743$432$244$134$42
44 years$1,187$708$406$225$122$37
45 years$1,147$676$381$208$111$32
46 years$1,110$644$358$192$101$28
47 years$1,074$615$336$177$91$25
48 years$1,040$587$316$164$83$22
49 years$1,007$561$297$151$75$19
50 years$975$536$279$140$68$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $999,000, adding $5,042 every year, while hoping to spend $55,301 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: 71/19/10 Blend
59$999,000$999,000$999,000$999,000
60$1,106,099$1,053,152$1,037,667$1,182,138
61$1,160,081$1,045,916$1,013,589$1,225,893
62$1,217,716$1,036,473$986,851$1,266,500
63$1,279,318$1,024,655$957,306$1,309,452
64$1,345,231$1,010,286$924,798$1,354,968
65$1,415,833$993,179$889,168$1,403,290
66$1,491,539$973,135$850,245$1,454,684
67$1,572,802$949,944$807,854$1,509,447
68$1,660,121$923,385$761,811$1,567,905
69$1,754,044$893,222$711,922$1,630,420
70$1,855,172$859,205$657,987$1,697,392
71$1,964,164$821,071$599,794$1,769,264
72$2,081,747$778,541$537,125$1,846,524
73$2,208,715$731,320$469,749$1,929,714
74$2,345,946$679,096$397,428$2,019,432
75$2,494,400$621,539$319,909$2,116,338
76$2,655,135$558,301$236,932$2,221,164
77$2,829,314$489,013$148,225$2,334,719
78$3,018,215$413,285$53,501$2,457,894
79$3,223,243$330,707$0$2,591,679
80$3,445,945$240,843$0$2,742,241
81$3,688,022$143,235$0$2,912,131
82$3,951,344$37,397$0$3,097,002
83$4,237,970$0$0$3,298,362
84$4,550,165$0$0$3,534,013
85$4,890,421$0$0$3,799,414
86$5,261,482$0$0$4,088,890
87$5,666,366$0$0$4,404,804
88$6,108,398$0$0$4,749,755
89$6,591,234$0$0$5,126,604
90$7,118,903$0$0$5,538,502
91$7,695,838$0$0$5,988,916
92$8,326,921$0$0$6,481,666
93$9,017,527$0$0$7,020,955
94$9,773,574$0$0$7,611,413
95$10,601,581$0$0$8,258,140
96$11,508,723$0$0$8,966,749
97$12,502,906$0$0$9,743,423
98$13,592,836$0$0$10,594,974
99$14,788,098$0$0$11,528,901
100$16,099,255$0$0$12,553,466