Can I retire at age 60 with 999,000?

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 $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%18.1%
1 years$82,496$81,762$81,045$80,345$79,662$77,050
2 years$40,840$40,079$39,342$38,627$37,934$35,328
3 years$26,956$26,192$25,457$24,749$24,067$21,548
4 years$20,016$19,254$18,526$17,830$17,165$14,752
5 years$15,852$15,095$14,377$13,695$13,048$10,749
6 years$13,078$12,327$11,619$10,952$10,325$8,140
7 years$11,097$10,352$9,655$9,004$8,397$6,326
8 years$9,612$8,873$8,188$7,554$6,966$5,009
9 years$8,457$7,726$7,053$6,434$5,866$4,020
10 years$7,534$6,810$6,149$5,546$4,998$3,260
11 years$6,779$6,063$5,413$4,827$4,299$2,665
12 years$6,151$5,441$4,804$4,234$3,725$2,192
13 years$5,620$4,917$4,292$3,738$3,248$1,812
14 years$5,164$4,470$3,857$3,318$2,848$1,505
15 years$4,770$4,083$3,482$2,959$2,507$1,253
16 years$4,426$3,746$3,157$2,650$2,216$1,047
17 years$4,122$3,450$2,873$2,381$1,965$876
18 years$3,853$3,188$2,622$2,145$1,747$735
19 years$3,612$2,955$2,401$1,939$1,557$617
20 years$3,395$2,746$2,203$1,756$1,391$519
21 years$3,200$2,558$2,026$1,593$1,245$437
22 years$3,022$2,387$1,868$1,449$1,116$368
23 years$2,860$2,233$1,725$1,319$1,001$311
24 years$2,712$2,092$1,595$1,203$900$262
25 years$2,576$1,963$1,477$1,099$810$221
26 years$2,450$1,845$1,370$1,005$730$187
27 years$2,334$1,736$1,272$920$658$158
28 years$2,227$1,636$1,183$843$594$134
29 years$2,127$1,544$1,101$773$536$113
30 years$2,034$1,458$1,025$709$484$95
31 years$1,947$1,378$956$651$438$81
32 years$1,865$1,304$892$599$396$68
33 years$1,789$1,235$833$550$358$58
34 years$1,717$1,170$778$507$325$49
35 years$1,650$1,110$727$466$294$41
36 years$1,587$1,054$680$429$266$35
37 years$1,527$1,001$637$396$241$30
38 years$1,470$951$596$365$219$25
39 years$1,417$904$559$336$198$21
40 years$1,366$860$524$310$180$18
41 years$1,318$819$491$286$163$15
42 years$1,272$780$461$264$148$13
43 years$1,228$743$432$244$134$11
44 years$1,187$708$406$225$122$9
45 years$1,147$676$381$208$111$8
46 years$1,110$644$358$192$101$7
47 years$1,074$615$336$177$91$6
48 years$1,040$587$316$164$83$5
49 years$1,007$561$297$151$75$4
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 $4,881 every year, while hoping to spend $24,404 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: 43/40/17 Blend
59$999,000$999,000$999,000$999,000
60$1,105,933$1,052,986$1,037,501$1,147,826
61$1,192,772$1,078,616$1,046,292$1,203,418
62$1,287,651$1,104,685$1,054,559$1,260,825
63$1,391,365$1,131,187$1,062,260$1,322,502
64$1,504,786$1,158,118$1,069,348$1,388,854
65$1,628,879$1,185,471$1,075,776$1,460,325
66$1,764,704$1,213,237$1,081,493$1,537,407
67$1,913,427$1,241,410$1,086,447$1,620,638
68$2,076,335$1,269,977$1,090,581$1,710,616
69$2,254,844$1,298,929$1,093,838$1,807,994
70$2,450,512$1,328,250$1,096,156$1,913,496
71$2,665,057$1,357,927$1,097,470$2,027,919
72$2,900,370$1,387,943$1,097,712$2,152,139
73$3,158,535$1,418,279$1,096,813$2,287,123
74$3,441,846$1,448,915$1,094,696$2,433,938
75$3,752,830$1,479,828$1,091,285$2,593,757
76$4,094,273$1,510,994$1,086,496$2,767,876
77$4,469,240$1,542,383$1,080,245$2,957,721
78$4,881,110$1,573,968$1,072,441$3,164,864
79$5,333,605$1,605,714$1,062,990$3,391,040
80$5,830,825$1,637,587$1,051,793$3,638,158
81$6,377,288$1,669,547$1,038,746$3,908,325
82$6,977,968$1,701,552$1,023,741$4,203,861
83$7,638,350$1,733,556$1,006,665$4,527,327
84$8,364,471$1,765,511$987,398$4,881,542
85$9,162,989$1,797,362$965,817$5,269,616
86$10,041,233$1,829,052$941,791$5,694,976
87$11,007,282$1,860,519$915,185$6,161,399
88$12,070,036$1,891,696$885,855$6,673,051
89$13,239,301$1,922,510$853,653$7,234,522
90$14,525,883$1,952,886$818,423$7,850,873
91$15,941,685$1,982,739$780,002$8,527,680
92$17,499,825$2,011,982$738,220$9,271,093
93$19,214,756$2,040,518$692,899$10,087,889
94$21,102,403$2,068,246$643,854$10,985,539
95$23,180,315$2,095,056$590,889$11,972,280
96$25,467,825$2,120,832$533,802$13,057,188
97$27,986,240$2,145,449$472,381$14,250,269
98$30,759,035$2,168,775$406,404$15,562,554
99$33,812,078$2,190,666$335,641$17,006,201
100$37,173,874$2,210,973$259,849$18,594,609