Can I retire at age 60 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$74,734$74,068$73,419$72,785$72,166$71,681
2 years$36,997$36,308$35,640$34,993$34,365$33,876
3 years$24,420$23,728$23,062$22,420$21,802$21,324
4 years$18,132$17,442$16,783$16,152$15,550$15,086
5 years$14,361$13,675$13,024$12,407$11,821$11,373
6 years$11,847$11,167$10,526$9,922$9,353$8,923
7 years$10,053$9,378$8,747$8,157$7,607$7,193
8 years$8,707$8,038$7,418$6,843$6,310$5,914
9 years$7,661$6,999$6,389$5,829$5,314$4,934
10 years$6,825$6,169$5,570$5,024$4,528$4,164
11 years$6,141$5,492$4,904$4,373$3,894$3,547
12 years$5,572$4,929$4,352$3,835$3,375$3,043
13 years$5,091$4,455$3,888$3,386$2,943$2,627
14 years$4,678$4,049$3,494$3,006$2,580$2,279
15 years$4,322$3,699$3,154$2,681$2,271$1,986
16 years$4,009$3,394$2,860$2,400$2,007$1,736
17 years$3,734$3,126$2,602$2,157$1,780$1,523
18 years$3,490$2,888$2,376$1,944$1,583$1,339
19 years$3,272$2,677$2,175$1,756$1,411$1,180
20 years$3,076$2,487$1,996$1,591$1,260$1,042
21 years$2,899$2,317$1,836$1,443$1,128$922
22 years$2,738$2,163$1,692$1,312$1,011$816
23 years$2,591$2,023$1,562$1,195$907$724
24 years$2,457$1,895$1,445$1,090$815$643
25 years$2,333$1,779$1,338$996$734$572
26 years$2,220$1,672$1,241$910$661$509
27 years$2,114$1,573$1,152$833$596$453
28 years$2,017$1,482$1,071$763$538$404
29 years$1,927$1,398$997$700$486$360
30 years$1,842$1,321$929$643$439$321
31 years$1,763$1,248$866$590$397$286
32 years$1,690$1,181$808$542$359$256
33 years$1,621$1,119$754$499$325$228
34 years$1,556$1,060$705$459$294$204
35 years$1,495$1,006$659$422$266$182
36 years$1,437$955$616$389$241$163
37 years$1,383$907$577$358$219$146
38 years$1,332$862$540$330$198$130
39 years$1,283$819$506$305$180$117
40 years$1,237$779$474$281$163$104
41 years$1,194$742$445$259$148$93
42 years$1,152$707$417$239$134$84
43 years$1,113$673$392$221$122$75
44 years$1,075$642$368$204$111$67
45 years$1,040$612$345$188$100$60
46 years$1,005$584$324$174$91$54
47 years$973$557$305$161$83$48
48 years$942$532$286$149$75$43
49 years$912$508$269$137$68$39
50 years$884$485$253$127$62$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $905,000, adding $5,057 every year, while hoping to spend $43,568 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: 65/20/15 Blend
59$905,000$905,000$905,000$905,000
60$1,002,526$954,561$940,534$1,063,760
61$1,058,428$954,979$925,686$1,105,772
62$1,118,571$953,957$908,880$1,146,151
63$1,183,343$951,378$890,005$1,189,202
64$1,253,168$947,119$868,944$1,235,185
65$1,328,513$941,050$845,575$1,284,388
66$1,409,889$933,029$819,770$1,337,129
67$1,497,861$922,911$791,395$1,393,760
68$1,593,047$910,538$760,311$1,454,670
69$1,696,128$895,744$726,372$1,520,289
70$1,807,851$878,354$689,424$1,591,092
71$1,929,040$858,181$649,307$1,667,605
72$2,060,599$835,029$605,856$1,750,409
73$2,203,523$808,689$558,896$1,840,146
74$2,358,907$778,939$508,243$1,937,525
75$2,527,955$745,546$453,708$2,043,331
76$2,711,992$708,263$395,093$2,158,431
77$2,912,474$666,828$332,188$2,283,780
78$3,131,008$620,964$264,778$2,420,438
79$3,369,359$570,378$192,635$2,569,572
80$3,629,469$514,762$115,524$2,732,474
81$3,913,478$453,789$33,197$2,910,568
82$4,223,741$387,113$0$3,105,430
83$4,562,850$314,369$0$3,327,546
84$4,933,659$235,171$0$3,576,328
85$5,339,310$149,113$0$3,848,621
86$5,783,265$55,764$0$4,146,813
87$6,269,332$0$0$4,473,539
88$6,801,707$0$0$4,841,679
89$7,385,011$0$0$5,258,543
90$8,024,332$0$0$5,715,502
91$8,725,275$0$0$6,216,568
92$9,494,011$0$0$6,766,164
93$10,337,339$0$0$7,369,156
94$11,262,747$0$0$8,030,909
95$12,278,484$0$0$8,757,328
96$13,393,634$0$0$9,554,921
97$14,618,206$0$0$10,430,855
98$15,963,224$0$0$11,393,026
99$17,440,834$0$0$12,450,133
100$19,064,415$0$0$13,611,758