Can I retire at age 60 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$75,395$74,723$74,068$73,428$72,804$71,894
2 years$37,324$36,629$35,955$35,302$34,669$33,753
3 years$24,636$23,937$23,265$22,618$21,995$21,103
4 years$18,293$17,597$16,931$16,295$15,687$14,824
5 years$14,488$13,796$13,139$12,516$11,925$11,094
6 years$11,952$11,265$10,619$10,009$9,436$8,638
7 years$10,141$9,461$8,824$8,229$7,674$6,910
8 years$8,784$8,110$7,484$6,903$6,366$5,636
9 years$7,729$7,061$6,446$5,880$5,361$4,664
10 years$6,886$6,224$5,619$5,069$4,568$3,903
11 years$6,196$5,541$4,947$4,411$3,929$3,296
12 years$5,621$4,973$4,391$3,869$3,405$2,803
13 years$5,136$4,494$3,923$3,416$2,969$2,398
14 years$4,720$4,085$3,525$3,032$2,602$2,061
15 years$4,360$3,732$3,182$2,704$2,291$1,779
16 years$4,045$3,424$2,885$2,421$2,025$1,540
17 years$3,767$3,153$2,625$2,176$1,796$1,338
18 years$3,521$2,914$2,397$1,961$1,597$1,165
19 years$3,301$2,700$2,194$1,772$1,423$1,016
20 years$3,103$2,509$2,014$1,605$1,271$888
21 years$2,924$2,337$1,852$1,456$1,138$777
22 years$2,762$2,182$1,707$1,324$1,020$682
23 years$2,614$2,041$1,576$1,206$915$598
24 years$2,478$1,912$1,458$1,100$823$525
25 years$2,354$1,794$1,350$1,004$740$462
26 years$2,239$1,686$1,252$918$667$407
27 years$2,133$1,587$1,163$841$601$358
28 years$2,035$1,495$1,081$770$542$315
29 years$1,944$1,411$1,006$706$490$278
30 years$1,858$1,332$937$648$443$245
31 years$1,779$1,259$873$595$400$216
32 years$1,705$1,192$815$547$362$191
33 years$1,635$1,129$761$503$328$169
34 years$1,570$1,070$711$463$297$149
35 years$1,508$1,015$665$426$269$132
36 years$1,450$963$622$392$243$116
37 years$1,395$915$582$362$221$103
38 years$1,344$869$545$333$200$91
39 years$1,295$826$511$307$181$80
40 years$1,248$786$479$283$164$71
41 years$1,204$749$449$262$149$63
42 years$1,162$713$421$241$135$55
43 years$1,123$679$395$223$123$49
44 years$1,085$647$371$206$112$43
45 years$1,049$617$348$190$101$38
46 years$1,014$589$327$175$92$34
47 years$981$562$307$162$83$30
48 years$950$537$289$150$76$27
49 years$920$512$271$138$69$23
50 years$891$489$255$128$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $913,000, adding $5,651 every year, while hoping to spend $21,121 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: 58/28/14 Blend
59$913,000$913,000$913,000$913,000
60$1,011,955$963,566$949,415$1,066,738
61$1,092,702$988,308$958,747$1,129,162
62$1,180,977$1,013,555$967,685$1,194,347
63$1,277,526$1,039,308$976,192$1,264,909
64$1,383,170$1,065,571$984,230$1,341,368
65$1,498,812$1,092,343$991,761$1,424,295
66$1,625,449$1,119,625$998,743$1,514,322
67$1,764,176$1,147,418$1,005,132$1,612,143
68$1,916,201$1,175,720$1,010,883$1,718,522
69$2,082,852$1,204,530$1,015,946$1,834,302
70$2,265,595$1,233,844$1,020,272$1,960,410
71$2,466,042$1,263,658$1,023,808$2,097,869
72$2,685,969$1,293,968$1,026,496$2,247,804
73$2,927,332$1,324,767$1,028,278$2,411,455
74$3,192,288$1,356,049$1,029,094$2,590,190
75$3,483,210$1,387,804$1,028,877$2,785,514
76$3,802,713$1,420,022$1,027,560$2,999,085
77$4,153,679$1,452,692$1,025,072$3,232,731
78$4,539,280$1,485,800$1,021,338$3,488,466
79$4,963,013$1,519,330$1,016,279$3,768,509
80$5,428,730$1,553,267$1,009,814$4,075,305
81$5,940,674$1,587,590$1,001,856$4,411,548
82$6,503,519$1,622,279$992,315$4,780,207
83$7,122,418$1,657,310$981,097$5,184,553
84$7,803,043$1,692,657$968,103$5,628,193
85$8,551,648$1,728,292$953,228$6,115,097
86$9,375,120$1,764,182$936,366$6,649,645
87$10,281,049$1,800,294$917,401$7,236,661
88$11,277,798$1,836,590$896,215$7,881,461
89$12,374,579$1,873,029$872,684$8,589,905
90$13,581,545$1,909,566$846,679$9,368,449
91$14,909,882$1,946,154$818,061$10,224,210
92$16,371,914$1,982,740$786,690$11,165,028
93$17,981,222$2,019,267$752,417$12,199,547
94$19,752,769$2,055,674$715,086$13,337,289
95$21,703,045$2,091,895$674,535$14,588,752
96$23,850,216$2,127,859$630,592$15,965,501
97$26,214,303$2,163,489$583,082$17,480,284
98$28,817,365$2,198,703$531,819$19,147,151
99$31,683,710$2,233,412$476,608$20,981,583
100$34,840,121$2,267,522$417,246$23,000,643