Can I retire at age 60 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$74,569$73,905$73,257$72,624$72,006$70,466
2 years$36,915$36,228$35,561$34,915$34,289$32,745
3 years$24,366$23,675$23,011$22,371$21,754$20,254
4 years$18,092$17,404$16,746$16,117$15,515$14,071
5 years$14,329$13,645$12,995$12,379$11,794$10,410
6 years$11,821$11,142$10,502$9,900$9,333$8,009
7 years$10,030$9,357$8,727$8,139$7,590$6,328
8 years$8,688$8,021$7,402$6,828$6,297$5,096
9 years$7,644$6,983$6,375$5,816$5,303$4,162
10 years$6,810$6,156$5,558$5,013$4,518$3,437
11 years$6,128$5,480$4,893$4,363$3,886$2,862
12 years$5,560$4,919$4,342$3,827$3,367$2,400
13 years$5,080$4,445$3,880$3,379$2,936$2,023
14 years$4,668$4,040$3,486$2,999$2,574$1,714
15 years$4,312$3,691$3,147$2,675$2,266$1,457
16 years$4,001$3,386$2,854$2,395$2,003$1,242
17 years$3,726$3,119$2,597$2,152$1,776$1,062
18 years$3,483$2,882$2,370$1,939$1,579$910
19 years$3,265$2,671$2,170$1,752$1,408$781
20 years$3,069$2,482$1,991$1,587$1,257$672
21 years$2,892$2,312$1,832$1,440$1,125$578
22 years$2,732$2,158$1,688$1,310$1,008$498
23 years$2,585$2,018$1,559$1,193$905$430
24 years$2,451$1,891$1,442$1,088$814$371
25 years$2,328$1,775$1,335$993$732$321
26 years$2,215$1,668$1,238$908$660$277
27 years$2,110$1,570$1,150$831$595$240
28 years$2,013$1,479$1,069$762$537$208
29 years$1,922$1,395$995$699$484$180
30 years$1,838$1,318$927$641$438$156
31 years$1,760$1,246$864$589$396$135
32 years$1,686$1,179$806$541$358$117
33 years$1,617$1,116$753$498$324$101
34 years$1,552$1,058$703$458$293$88
35 years$1,492$1,003$657$421$266$76
36 years$1,434$952$615$388$241$66
37 years$1,380$905$576$358$218$57
38 years$1,329$860$539$330$198$50
39 years$1,280$817$505$304$179$43
40 years$1,235$778$473$280$163$37
41 years$1,191$740$444$259$148$32
42 years$1,150$705$416$239$134$28
43 years$1,110$672$391$220$122$24
44 years$1,073$640$367$203$110$21
45 years$1,037$611$344$188$100$18
46 years$1,003$583$323$174$91$16
47 years$971$556$304$160$83$14
48 years$940$531$286$148$75$12
49 years$910$507$268$137$68$10
50 years$882$484$252$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $903,000, adding $4,961 every year, while hoping to spend $36,750 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: 75/18/7 Blend
59$903,000$903,000$903,000$903,000
60$1,000,223$952,364$938,368$1,073,948
61$1,063,144$959,928$930,701$1,130,702
62$1,131,252$966,631$921,546$1,187,704
63$1,205,035$972,392$910,814$1,249,109
64$1,285,035$977,125$898,412$1,315,340
65$1,371,842$980,738$884,243$1,386,861
66$1,466,109$983,134$868,204$1,464,188
67$1,568,553$984,208$850,190$1,547,883
68$1,679,963$983,852$830,089$1,638,572
69$1,801,206$981,948$807,784$1,736,941
70$1,933,238$978,372$783,153$1,843,746
71$2,077,108$972,992$756,069$1,959,823
72$2,233,974$965,670$726,398$2,086,090
73$2,405,108$956,256$694,001$2,223,563
74$2,591,910$944,593$658,731$2,373,358
75$2,795,923$930,516$620,436$2,536,707
76$3,018,843$913,848$578,957$2,714,970
77$3,262,540$894,401$534,127$2,909,642
78$3,529,071$871,979$485,773$3,122,375
79$3,820,702$846,371$433,711$3,354,989
80$4,139,926$817,356$377,753$3,609,490
81$4,489,491$784,699$317,700$3,888,089
82$4,872,421$748,151$253,345$4,193,225
83$5,292,047$707,450$184,472$4,527,585
84$5,752,039$662,318$110,854$4,894,134
85$6,256,436$612,460$32,257$5,296,138
86$6,809,688$557,567$0$5,737,200
87$7,416,699$497,310$0$6,225,145
88$8,082,865$431,341$0$6,763,318
89$8,814,135$359,294$0$7,354,152
90$9,617,059$280,782$0$8,002,989
91$10,498,853$195,395$0$8,715,715
92$11,467,468$102,701$0$9,498,821
93$12,531,659$2,243$0$10,359,456
94$13,701,076$0$0$11,305,504
95$14,986,345$0$0$12,366,740
96$16,399,176$0$0$13,533,832
97$17,952,469$0$0$14,816,996
98$19,660,436$0$0$16,227,978
99$21,538,735$0$0$17,779,719
100$23,604,618$0$0$19,486,477