Can I retire at age 60 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$76,138$75,460$74,798$74,152$73,522$72,423
2 years$37,692$36,990$36,310$35,650$35,010$33,906
3 years$24,878$24,173$23,495$22,841$22,212$21,136
4 years$18,473$17,770$17,098$16,456$15,842$14,803
5 years$14,631$13,932$13,269$12,640$12,043$11,044
6 years$12,070$11,376$10,723$10,108$9,529$8,571
7 years$10,241$9,554$8,911$8,310$7,750$6,833
8 years$8,871$8,189$7,557$6,971$6,429$5,554
9 years$7,805$7,130$6,509$5,938$5,414$4,580
10 years$6,953$6,285$5,675$5,119$4,613$3,819
11 years$6,257$5,595$4,996$4,455$3,967$3,213
12 years$5,677$5,022$4,434$3,907$3,438$2,722
13 years$5,186$4,538$3,961$3,450$2,998$2,319
14 years$4,766$4,125$3,559$3,062$2,628$1,986
15 years$4,403$3,769$3,214$2,731$2,314$1,707
16 years$4,085$3,458$2,914$2,445$2,045$1,472
17 years$3,805$3,184$2,651$2,197$1,813$1,273
18 years$3,556$2,942$2,420$1,980$1,612$1,103
19 years$3,333$2,727$2,216$1,789$1,437$958
20 years$3,134$2,534$2,033$1,620$1,284$834
21 years$2,953$2,360$1,870$1,471$1,149$727
22 years$2,789$2,203$1,724$1,337$1,030$634
23 years$2,640$2,061$1,592$1,218$924$554
24 years$2,503$1,931$1,472$1,111$831$484
25 years$2,377$1,812$1,363$1,014$748$424
26 years$2,261$1,703$1,264$927$673$371
27 years$2,154$1,603$1,174$849$607$325
28 years$2,055$1,510$1,091$778$548$285
29 years$1,963$1,425$1,016$713$495$250
30 years$1,877$1,345$946$655$447$220
31 years$1,797$1,272$882$601$404$193
32 years$1,722$1,203$823$552$366$169
33 years$1,651$1,140$768$508$331$149
34 years$1,585$1,080$718$467$300$131
35 years$1,523$1,025$671$430$271$115
36 years$1,464$972$628$396$246$101
37 years$1,409$924$588$365$223$89
38 years$1,357$878$550$337$202$78
39 years$1,307$835$516$310$183$69
40 years$1,261$794$483$286$166$60
41 years$1,216$756$453$264$151$53
42 years$1,174$720$425$244$137$47
43 years$1,134$686$399$225$124$41
44 years$1,095$654$374$208$113$36
45 years$1,059$623$352$192$102$32
46 years$1,024$595$330$177$93$28
47 years$991$568$310$164$84$25
48 years$959$542$292$151$77$22
49 years$929$517$274$140$70$19
50 years$900$494$258$129$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $922,000, adding $6,776 every year, while hoping to spend $53,016 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: 53/38/9 Blend
59$922,000$922,000$922,000$922,000
60$1,023,033$974,167$959,876$1,074,589
61$1,070,974$965,493$935,624$1,101,675
62$1,122,028$954,617$908,782$1,124,796
63$1,176,457$941,375$879,207$1,148,695
64$1,234,546$925,593$846,752$1,173,456
65$1,296,611$907,088$811,259$1,199,175
66$1,362,995$885,665$772,566$1,225,961
67$1,434,075$861,117$730,501$1,253,935
68$1,510,265$833,226$684,887$1,283,235
69$1,592,018$801,760$635,537$1,314,019
70$1,679,833$766,476$582,257$1,346,459
71$1,774,256$727,113$524,843$1,380,755
72$1,875,888$683,399$463,083$1,417,127
73$1,985,386$635,044$396,754$1,455,825
74$2,103,476$581,741$325,625$1,497,128
75$2,230,951$523,167$249,454$1,541,349
76$2,368,686$458,980$167,989$1,588,838
77$2,517,640$388,818$80,965$1,639,988
78$2,678,869$312,300$0$1,695,237
79$2,853,533$229,022$0$1,756,220
80$3,042,908$138,559$0$1,830,712
81$3,248,395$40,459$0$1,911,569
82$3,471,539$0$0$1,999,503
83$3,714,034$0$0$2,122,800
84$3,977,749$0$0$2,275,363
85$4,264,737$0$0$2,441,472
86$4,577,257$0$0$2,622,447
87$4,917,796$0$0$2,819,738
88$5,289,090$0$0$3,034,940
89$5,694,151$0$0$3,269,813
90$6,136,294$0$0$3,526,289
91$6,619,167$0$0$3,806,500
92$7,146,789$0$0$4,112,788
93$7,723,580$0$0$4,447,736
94$8,354,410$0$0$4,814,185
95$9,044,640$0$0$5,215,264
96$9,800,174$0$0$5,654,419
97$10,627,510$0$0$6,135,445
98$11,533,808$0$0$6,662,520
99$12,526,951$0$0$7,240,247
100$13,615,620$0$0$7,873,693