Can I retire at age 60 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$75,064$74,396$73,743$73,107$72,485$72,180
2 years$37,161$36,468$35,798$35,147$34,517$34,208
3 years$24,528$23,833$23,164$22,519$21,899$21,597
4 years$18,212$17,519$16,857$16,224$15,618$15,326
5 years$14,424$13,735$13,082$12,462$11,873$11,590
6 years$11,900$11,216$10,572$9,966$9,395$9,122
7 years$10,097$9,419$8,785$8,193$7,640$7,378
8 years$8,746$8,074$7,451$6,873$6,338$6,086
9 years$7,695$7,030$6,417$5,854$5,338$5,096
10 years$6,855$6,196$5,595$5,047$4,548$4,316
11 years$6,169$5,516$4,926$4,392$3,912$3,690
12 years$5,597$4,951$4,371$3,852$3,390$3,178
13 years$5,113$4,474$3,905$3,401$2,956$2,754
14 years$4,699$4,067$3,509$3,019$2,591$2,398
15 years$4,341$3,715$3,168$2,692$2,281$2,098
16 years$4,027$3,409$2,872$2,411$2,016$1,842
17 years$3,751$3,139$2,614$2,166$1,788$1,622
18 years$3,506$2,901$2,386$1,952$1,590$1,432
19 years$3,286$2,689$2,184$1,764$1,417$1,268
20 years$3,089$2,498$2,005$1,598$1,266$1,124
21 years$2,911$2,327$1,844$1,450$1,133$999
22 years$2,750$2,172$1,699$1,318$1,015$889
23 years$2,602$2,032$1,569$1,201$911$792
24 years$2,467$1,904$1,451$1,095$819$706
25 years$2,344$1,786$1,344$1,000$737$631
26 years$2,229$1,679$1,247$914$664$564
27 years$2,124$1,580$1,158$837$599$504
28 years$2,026$1,489$1,076$767$540$452
29 years$1,935$1,405$1,001$703$488$405
30 years$1,850$1,326$933$645$441$363
31 years$1,771$1,254$870$593$398$325
32 years$1,697$1,187$811$545$360$292
33 years$1,628$1,124$758$501$326$262
34 years$1,563$1,065$708$461$295$235
35 years$1,501$1,010$662$424$267$211
36 years$1,444$959$619$391$242$190
37 years$1,389$911$579$360$220$171
38 years$1,338$865$543$332$199$153
39 years$1,289$823$508$306$181$138
40 years$1,243$783$476$282$164$124
41 years$1,199$745$447$260$149$112
42 years$1,157$710$419$240$135$100
43 years$1,118$676$393$222$122$90
44 years$1,080$645$369$205$111$81
45 years$1,044$615$347$189$101$73
46 years$1,010$586$326$175$92$66
47 years$977$560$306$161$83$59
48 years$946$534$287$149$75$53
49 years$916$510$270$138$69$48
50 years$888$487$254$127$62$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $909,000, adding $5,457 every year, while hoping to spend $35,804 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: 44/49/7 Blend
59$909,000$909,000$909,000$909,000
60$1,007,347$959,170$945,080$1,049,436
61$1,072,001$968,074$938,645$1,088,012
62$1,142,050$976,214$930,795$1,125,679
63$1,218,006$983,516$921,444$1,165,673
64$1,300,433$989,899$910,502$1,208,220
65$1,389,950$995,277$897,877$1,253,570
66$1,487,240$999,560$883,471$1,302,000
67$1,593,052$1,002,652$867,180$1,353,817
68$1,708,211$1,004,450$848,899$1,409,360
69$1,833,626$1,004,845$828,514$1,469,006
70$1,970,295$1,003,722$805,909$1,533,171
71$2,119,318$1,000,957$780,959$1,602,316
72$2,281,905$996,420$753,538$1,676,952
73$2,459,388$989,973$723,510$1,757,644
74$2,653,233$981,469$690,735$1,845,017
75$2,865,054$970,753$655,066$1,939,764
76$3,096,629$957,659$616,350$2,042,651
77$3,349,913$942,013$574,426$2,154,524
78$3,627,062$923,629$529,127$2,276,321
79$3,930,446$902,311$480,277$2,409,080
80$4,262,679$877,851$427,693$2,553,945
81$4,626,636$850,030$371,185$2,712,186
82$5,025,485$818,614$310,552$2,885,205
83$5,462,716$783,357$245,587$3,074,551
84$5,942,169$743,998$176,070$3,281,937
85$6,468,079$700,262$101,777$3,509,259
86$7,045,104$651,856$22,468$3,758,609
87$7,678,381$598,474$0$4,032,300
88$8,373,565$539,787$0$4,337,532
89$9,136,884$475,453$0$4,674,579
90$9,975,203$405,107$0$5,044,901
91$10,896,081$328,364$0$5,451,967
92$11,907,845$244,818$0$5,899,604
93$13,019,670$154,039$0$6,392,041
94$14,241,665$55,575$0$6,933,947
95$15,584,963$0$0$7,530,474
96$17,061,834$0$0$8,214,839
97$18,685,792$0$0$9,000,433
98$20,471,729$0$0$9,864,510
99$22,436,051$0$0$10,815,023
100$24,596,834$0$0$11,860,735