Can I retire at age 60 with 901,000?

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 $901,000?

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$74,404$73,741$73,094$72,463$71,847$70,715
2 years$36,834$36,148$35,483$34,838$34,213$33,075
3 years$24,312$23,623$22,960$22,321$21,706$20,598
4 years$18,052$17,365$16,709$16,081$15,481$14,412
5 years$14,297$13,615$12,967$12,352$11,768$10,741
6 years$11,795$11,117$10,479$9,878$9,312$8,327
7 years$10,008$9,336$8,708$8,121$7,573$6,631
8 years$8,669$8,003$7,385$6,813$6,283$5,383
9 years$7,628$6,968$6,361$5,803$5,291$4,434
10 years$6,795$6,142$5,546$5,002$4,508$3,693
11 years$6,114$5,468$4,882$4,353$3,877$3,103
12 years$5,548$4,908$4,333$3,818$3,360$2,625
13 years$5,068$4,435$3,871$3,371$2,930$2,234
14 years$4,658$4,031$3,478$2,993$2,568$1,910
15 years$4,302$3,683$3,140$2,669$2,261$1,639
16 years$3,992$3,379$2,847$2,390$1,999$1,412
17 years$3,718$3,112$2,591$2,147$1,772$1,219
18 years$3,475$2,875$2,365$1,935$1,576$1,055
19 years$3,258$2,665$2,165$1,748$1,404$915
20 years$3,062$2,476$1,987$1,583$1,254$795
21 years$2,886$2,307$1,828$1,437$1,123$692
22 years$2,726$2,153$1,685$1,307$1,006$603
23 years$2,579$2,014$1,555$1,190$903$526
24 years$2,446$1,887$1,438$1,085$812$459
25 years$2,323$1,771$1,332$991$731$401
26 years$2,210$1,664$1,236$906$658$351
27 years$2,105$1,566$1,147$830$593$307
28 years$2,008$1,476$1,067$760$535$269
29 years$1,918$1,392$993$697$483$235
30 years$1,834$1,315$925$640$437$206
31 years$1,756$1,243$862$587$395$181
32 years$1,682$1,176$804$540$357$158
33 years$1,614$1,114$751$496$323$139
34 years$1,549$1,056$702$457$293$122
35 years$1,488$1,001$656$421$265$107
36 years$1,431$950$614$387$240$94
37 years$1,377$903$574$357$218$82
38 years$1,326$858$538$329$197$72
39 years$1,278$816$504$303$179$63
40 years$1,232$776$472$280$162$56
41 years$1,188$739$443$258$147$49
42 years$1,147$704$415$238$134$43
43 years$1,108$670$390$220$121$38
44 years$1,071$639$366$203$110$33
45 years$1,035$609$344$187$100$29
46 years$1,001$581$323$173$91$26
47 years$969$555$303$160$82$22
48 years$938$530$285$148$75$20
49 years$908$506$268$137$68$17
50 years$880$483$252$126$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $901,000, adding $4,777 every year, while hoping to spend $56,832 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: 77/13/10 Blend
59$901,000$901,000$901,000$901,000
60$997,829$950,076$936,111$1,072,572
61$1,039,139$936,161$907,002$1,108,491
62$1,082,758$919,660$875,013$1,140,115
63$1,128,861$900,385$839,987$1,173,160
64$1,177,640$878,139$801,762$1,207,746
65$1,229,303$852,712$760,166$1,244,002
66$1,284,081$823,883$715,019$1,282,076
67$1,342,221$791,417$666,136$1,322,127
68$1,403,997$755,066$613,321$1,364,333
69$1,469,707$714,567$556,371$1,408,892
70$1,539,679$669,643$495,071$1,456,019
71$1,614,270$619,999$429,199$1,505,957
72$1,693,872$565,325$358,524$1,558,972
73$1,778,914$505,293$282,802$1,615,358
74$1,869,867$439,556$201,779$1,675,440
75$1,967,246$367,748$115,192$1,739,581
76$2,071,618$289,480$22,763$1,808,178
77$2,183,603$204,344$0$1,881,673
78$2,303,881$111,907$0$1,968,650
79$2,433,200$11,714$0$2,064,671
80$2,572,382$0$0$2,167,935
81$2,722,326$0$0$2,292,972
82$2,884,023$0$0$2,429,642
83$3,058,559$0$0$2,577,190
84$3,247,129$0$0$2,736,629
85$3,451,047$0$0$2,909,072
86$3,671,755$0$0$3,095,744
87$3,910,838$0$0$3,297,990
88$4,170,043$0$0$3,517,289
89$4,451,285$0$0$3,755,268
90$4,756,675$0$0$4,013,716
91$5,088,532$0$0$4,294,601
92$5,449,409$0$0$4,600,088
93$5,842,114$0$0$4,932,559
94$6,269,736$0$0$5,294,635
95$6,735,675$0$0$5,689,200
96$7,243,672$0$0$6,119,428
97$7,797,845$0$0$6,588,812
98$8,402,726$0$0$7,101,196
99$9,063,305$0$0$7,660,815
100$9,785,072$0$0$8,272,326