Can I retire at age 60 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$76,468$75,787$75,123$74,474$73,841$73,468
2 years$37,856$37,151$36,467$35,805$35,162$34,786
3 years$24,986$24,278$23,597$22,940$22,308$21,940
4 years$18,553$17,847$17,172$16,527$15,910$15,553
5 years$14,694$13,992$13,326$12,695$12,095$11,750
6 years$12,122$11,426$10,770$10,152$9,570$9,238
7 years$10,286$9,595$8,950$8,346$7,783$7,463
8 years$8,909$8,225$7,590$7,002$6,457$6,150
9 years$7,839$7,161$6,537$5,964$5,438$5,143
10 years$6,984$6,312$5,699$5,141$4,633$4,351
11 years$6,284$5,620$5,018$4,474$3,985$3,715
12 years$5,701$5,044$4,453$3,924$3,453$3,196
13 years$5,209$4,558$3,978$3,465$3,011$2,766
14 years$4,787$4,143$3,575$3,076$2,640$2,406
15 years$4,422$3,785$3,227$2,743$2,324$2,101
16 years$4,103$3,473$2,926$2,456$2,054$1,842
17 years$3,821$3,198$2,663$2,207$1,821$1,620
18 years$3,571$2,955$2,431$1,989$1,619$1,429
19 years$3,348$2,739$2,225$1,797$1,443$1,263
20 years$3,147$2,545$2,042$1,627$1,289$1,118
21 years$2,966$2,371$1,878$1,477$1,154$992
22 years$2,801$2,213$1,731$1,343$1,034$881
23 years$2,651$2,070$1,598$1,223$928$784
24 years$2,514$1,939$1,478$1,115$834$699
25 years$2,387$1,820$1,369$1,019$751$623
26 years$2,271$1,710$1,270$931$676$556
27 years$2,164$1,610$1,179$853$610$497
28 years$2,064$1,517$1,096$781$550$444
29 years$1,971$1,431$1,020$716$497$397
30 years$1,885$1,351$950$657$449$355
31 years$1,804$1,277$886$604$406$318
32 years$1,729$1,209$827$555$367$285
33 years$1,658$1,145$772$510$332$255
34 years$1,592$1,085$721$469$301$229
35 years$1,530$1,029$674$432$272$205
36 years$1,471$977$631$398$247$184
37 years$1,415$928$590$367$224$165
38 years$1,363$882$553$338$203$148
39 years$1,313$838$518$312$184$133
40 years$1,266$798$485$287$167$120
41 years$1,221$759$455$265$151$107
42 years$1,179$723$427$245$137$96
43 years$1,139$689$401$226$125$87
44 years$1,100$657$376$209$113$78
45 years$1,064$626$353$193$103$70
46 years$1,029$597$332$178$93$63
47 years$995$570$312$164$85$56
48 years$964$544$293$152$77$51
49 years$933$520$275$140$70$46
50 years$904$496$259$130$63$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $926,000, adding $4,970 every year, while hoping to spend $35,784 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: 67/11/22 Blend
59$926,000$926,000$926,000$926,000
60$1,025,579$976,501$962,148$1,088,252
61$1,092,114$986,275$956,306$1,140,680
62$1,164,236$995,329$949,069$1,193,428
63$1,242,478$1,003,590$940,352$1,250,269
64$1,327,424$1,010,980$930,067$1,311,606
65$1,419,719$1,017,415$918,122$1,377,884
66$1,520,070$1,022,808$904,419$1,449,593
67$1,629,256$1,027,065$888,856$1,527,276
68$1,748,134$1,030,085$871,327$1,611,529
69$1,877,648$1,031,764$851,721$1,703,011
70$2,018,836$1,031,988$829,921$1,802,449
71$2,172,839$1,030,637$805,805$1,910,645
72$2,340,915$1,027,584$779,246$2,028,484
73$2,524,447$1,022,695$750,110$2,156,942
74$2,724,960$1,015,827$718,258$2,297,095
75$2,944,131$1,006,827$683,544$2,450,131
76$3,183,805$995,534$645,816$2,617,361
77$3,446,017$981,779$604,914$2,800,230
78$3,733,004$965,379$560,672$3,000,333
79$4,047,232$946,144$512,916$3,219,426
80$4,391,415$923,871$461,464$3,459,452
81$4,768,542$898,344$406,126$3,722,548
82$5,181,907$869,336$346,705$4,011,075
83$5,635,135$836,607$282,993$4,327,634
84$6,132,219$799,901$214,773$4,675,097
85$6,677,558$758,949$141,821$5,056,629
86$7,275,997$713,465$63,900$5,475,720
87$7,932,872$663,149$0$5,936,220
88$8,654,063$607,681$0$6,446,895
89$9,446,044$546,724$0$7,024,207
90$10,315,949$479,922$0$7,658,367
91$11,271,637$406,899$0$8,355,132
92$12,321,763$327,257$0$9,120,847
93$13,475,866$240,575$0$9,962,507
94$14,744,452$146,411$0$10,887,815
95$16,139,096$44,295$0$11,905,265
96$17,672,551$0$0$13,024,215
97$19,358,867$0$0$14,262,999
98$21,213,524$0$0$15,631,408
99$23,253,579$0$0$17,136,673
100$25,497,821$0$0$18,792,667