Can I retire at age 60 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$76,386$75,705$75,041$74,393$73,761$71,543
2 years$37,815$37,110$36,428$35,766$35,124$32,908
3 years$24,959$24,252$23,571$22,916$22,284$20,140
4 years$18,533$17,828$17,154$16,509$15,893$13,837
5 years$14,678$13,977$13,312$12,681$12,082$10,119
6 years$12,109$11,413$10,758$10,141$9,560$7,693
7 years$10,275$9,585$8,940$8,337$7,775$6,003
8 years$8,900$8,216$7,582$6,994$6,450$4,772
9 years$7,831$7,154$6,530$5,957$5,432$3,846
10 years$6,976$6,306$5,693$5,135$4,628$3,133
11 years$6,277$5,613$5,012$4,469$3,980$2,572
12 years$5,695$5,038$4,448$3,920$3,449$2,126
13 years$5,203$4,553$3,974$3,461$3,008$1,766
14 years$4,782$4,139$3,571$3,072$2,637$1,473
15 years$4,417$3,781$3,224$2,740$2,322$1,233
16 years$4,098$3,469$2,923$2,453$2,052$1,035
17 years$3,817$3,195$2,660$2,204$1,819$871
18 years$3,567$2,952$2,428$1,986$1,618$734
19 years$3,344$2,736$2,223$1,795$1,442$620
20 years$3,144$2,542$2,040$1,626$1,288$524
21 years$2,963$2,368$1,876$1,475$1,152$444
22 years$2,798$2,211$1,729$1,341$1,033$376
23 years$2,648$2,067$1,597$1,222$927$319
24 years$2,511$1,937$1,477$1,114$833$271
25 years$2,385$1,818$1,368$1,018$750$230
26 years$2,269$1,708$1,269$930$676$195
27 years$2,161$1,608$1,178$852$609$166
28 years$2,062$1,515$1,095$780$550$141
29 years$1,969$1,429$1,019$716$496$120
30 years$1,883$1,350$949$657$448$102
31 years$1,802$1,276$885$603$405$87
32 years$1,727$1,207$826$554$367$74
33 years$1,657$1,143$771$510$332$63
34 years$1,590$1,084$720$469$300$53
35 years$1,528$1,028$673$432$272$46
36 years$1,469$976$630$398$247$39
37 years$1,414$927$590$366$223$33
38 years$1,361$881$552$338$203$28
39 years$1,312$837$517$311$184$24
40 years$1,265$797$485$287$167$20
41 years$1,220$758$455$265$151$17
42 years$1,178$722$426$245$137$15
43 years$1,137$688$400$226$125$13
44 years$1,099$656$376$208$113$11
45 years$1,062$626$353$192$103$9
46 years$1,028$597$331$178$93$8
47 years$994$569$311$164$85$7
48 years$963$544$292$152$77$6
49 years$932$519$275$140$70$5
50 years$903$496$258$130$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $925,000, adding $3,837 every year, while hoping to spend $46,393 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: 30/43/27 Blend
59$925,000$925,000$925,000$925,000
60$1,023,308$974,283$959,945$1,045,403
61$1,078,323$972,661$942,742$1,061,296
62$1,137,396$969,405$923,407$1,074,056
63$1,200,890$964,385$901,820$1,086,856
64$1,269,205$957,465$877,856$1,099,734
65$1,342,783$948,499$851,383$1,112,731
66$1,422,105$937,334$822,263$1,125,899
67$1,507,702$923,806$790,351$1,139,301
68$1,600,157$907,742$755,498$1,153,009
69$1,700,111$888,959$717,544$1,167,108
70$1,808,268$867,263$676,327$1,181,697
71$1,925,400$842,448$631,674$1,196,893
72$2,052,360$814,297$583,404$1,212,827
73$2,190,083$782,580$531,330$1,229,653
74$2,339,598$747,052$475,256$1,247,547
75$2,502,036$707,457$414,976$1,266,709
76$2,678,642$663,521$350,276$1,287,369
77$2,870,786$614,957$280,933$1,309,786
78$3,079,976$561,458$206,713$1,334,257
79$3,307,868$502,704$127,373$1,361,116
80$3,556,287$438,354$42,657$1,390,743
81$3,827,243$368,048$0$1,423,564
82$4,122,944$291,405$0$1,473,819
83$4,445,825$208,024$0$1,542,301
84$4,798,564$117,482$0$1,617,404
85$5,184,108$19,330$0$1,699,899
86$5,605,706$0$0$1,790,645
87$6,066,929$0$0$1,931,719
88$6,571,715$0$0$2,096,270
89$7,124,397$0$0$2,276,582
90$7,729,747$0$0$2,474,230
91$8,393,021$0$0$2,690,950
92$9,120,006$0$0$2,928,652
93$9,917,076$0$0$3,189,441
94$10,791,253$0$0$3,475,636
95$11,750,269$0$0$3,789,790
96$12,802,642$0$0$4,134,717
97$13,957,752$0$0$4,513,515
98$15,225,935$0$0$4,929,597
99$16,618,574$0$0$5,386,724
100$18,148,209$0$0$5,889,039