Can I retire at age 60 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$75,890$75,214$74,555$73,911$73,282$72,307
2 years$37,569$36,870$36,192$35,534$34,896$33,915
3 years$24,797$24,095$23,418$22,767$22,140$21,183
4 years$18,413$17,712$17,043$16,402$15,790$14,866
5 years$14,583$13,887$13,226$12,599$12,003$11,114
6 years$12,031$11,339$10,688$10,075$9,498$8,644
7 years$10,208$9,523$8,882$8,283$7,724$6,907
8 years$8,842$8,163$7,533$6,949$6,408$5,627
9 years$7,780$7,107$6,488$5,919$5,397$4,651
10 years$6,931$6,265$5,656$5,102$4,598$3,888
11 years$6,236$5,577$4,980$4,440$3,955$3,279
12 years$5,658$5,006$4,419$3,895$3,427$2,785
13 years$5,170$4,524$3,948$3,438$2,988$2,379
14 years$4,751$4,112$3,548$3,052$2,620$2,042
15 years$4,388$3,756$3,203$2,722$2,306$1,760
16 years$4,072$3,446$2,904$2,437$2,038$1,522
17 years$3,792$3,174$2,643$2,190$1,807$1,320
18 years$3,544$2,933$2,412$1,974$1,607$1,148
19 years$3,323$2,718$2,208$1,783$1,432$1,000
20 years$3,123$2,526$2,027$1,615$1,279$873
21 years$2,943$2,353$1,864$1,466$1,145$763
22 years$2,780$2,196$1,718$1,333$1,026$668
23 years$2,631$2,054$1,586$1,214$921$585
24 years$2,495$1,924$1,467$1,107$828$513
25 years$2,369$1,806$1,359$1,011$745$450
26 years$2,254$1,697$1,260$924$671$396
27 years$2,147$1,597$1,170$846$605$348
28 years$2,048$1,505$1,088$775$546$306
29 years$1,956$1,420$1,012$711$493$269
30 years$1,871$1,341$943$652$446$237
31 years$1,791$1,268$879$599$403$209
32 years$1,716$1,200$820$551$364$184
33 years$1,646$1,136$766$506$330$162
34 years$1,580$1,077$716$466$299$143
35 years$1,518$1,021$669$429$270$126
36 years$1,460$969$626$395$245$111
37 years$1,404$921$586$364$222$98
38 years$1,352$875$549$335$201$87
39 years$1,303$832$514$309$183$76
40 years$1,256$792$482$285$166$67
41 years$1,212$753$452$263$150$60
42 years$1,170$718$424$243$136$53
43 years$1,130$684$398$224$124$46
44 years$1,092$652$373$207$112$41
45 years$1,056$621$350$191$102$36
46 years$1,021$593$329$177$93$32
47 years$988$566$309$163$84$28
48 years$956$540$291$151$76$25
49 years$926$516$273$139$69$22
50 years$897$493$257$129$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $919,000, adding $2,711 every year, while hoping to spend $52,763 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: 65/5/30 Blend
59$919,000$919,000$919,000$919,000
60$1,015,534$966,827$952,583$1,073,265
61$1,062,979$958,063$928,355$1,103,923
62$1,113,496$947,100$901,547$1,131,360
63$1,167,340$933,776$872,017$1,160,218
64$1,224,795$917,917$839,616$1,190,644
65$1,286,170$899,341$804,189$1,222,801
66$1,351,803$877,852$765,573$1,256,872
67$1,422,066$853,246$723,598$1,293,059
68$1,497,365$825,304$678,088$1,331,588
69$1,578,148$793,795$628,855$1,372,708
70$1,664,904$758,476$575,707$1,416,699
71$1,758,172$719,089$518,440$1,463,870
72$1,858,542$675,360$456,844$1,514,563
73$1,966,661$627,001$390,697$1,569,160
74$2,083,244$573,707$319,768$1,628,083
75$2,209,071$515,155$243,817$1,691,802
76$2,345,002$451,004$162,591$1,760,836
77$2,491,983$380,894$75,828$1,835,762
78$2,651,051$304,443$0$1,917,219
79$2,823,348$221,251$0$2,011,281
80$3,010,129$130,892$0$2,139,618
81$3,212,774$32,917$0$2,278,897
82$3,432,800$0$0$2,430,178
83$3,671,877$0$0$2,598,656
84$3,931,842$0$0$2,783,875
85$4,214,713$0$0$2,985,473
86$4,522,716$0$0$3,205,039
87$4,858,294$0$0$3,444,324
88$5,224,141$0$0$3,705,257
89$5,623,219$0$0$3,989,957
90$6,058,788$0$0$4,300,760
91$6,534,439$0$0$4,640,235
92$7,054,122$0$0$5,011,212
93$7,622,187$0$0$5,416,805
94$8,243,424$0$0$5,860,444
95$8,923,107$0$0$6,345,904
96$9,667,041$0$0$6,877,344
97$10,481,620$0$0$7,459,341
98$11,373,885$0$0$8,096,939
99$12,351,590$0$0$8,795,689
100$13,423,275$0$0$9,561,706