Can I retire at age 60 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$76,551$75,869$75,204$74,554$73,920$73,362
2 years$37,896$37,191$36,507$35,843$35,200$34,637
3 years$25,013$24,304$23,622$22,965$22,332$21,783
4 years$18,573$17,866$17,191$16,545$15,928$15,395
5 years$14,710$14,007$13,341$12,708$12,108$11,594
6 years$12,135$11,438$10,781$10,163$9,581$9,086
7 years$10,297$9,606$8,959$8,355$7,792$7,316
8 years$8,919$8,234$7,598$7,009$6,464$6,008
9 years$7,848$7,169$6,544$5,970$5,444$5,007
10 years$6,991$6,319$5,706$5,146$4,638$4,221
11 years$6,291$5,626$5,023$4,479$3,989$3,591
12 years$5,708$5,049$4,458$3,929$3,457$3,077
13 years$5,215$4,563$3,983$3,468$3,014$2,653
14 years$4,792$4,148$3,579$3,079$2,642$2,298
15 years$4,427$3,789$3,231$2,746$2,327$2,000
16 years$4,107$3,476$2,929$2,459$2,056$1,746
17 years$3,825$3,202$2,666$2,209$1,823$1,529
18 years$3,575$2,958$2,433$1,991$1,621$1,343
19 years$3,352$2,742$2,228$1,799$1,445$1,182
20 years$3,151$2,548$2,044$1,629$1,291$1,042
21 years$2,969$2,373$1,880$1,479$1,155$920
22 years$2,804$2,215$1,733$1,344$1,035$814
23 years$2,654$2,072$1,600$1,224$929$721
24 years$2,516$1,941$1,480$1,117$835$639
25 years$2,390$1,822$1,371$1,020$752$567
26 years$2,273$1,712$1,271$932$677$504
27 years$2,166$1,611$1,180$854$610$448
28 years$2,066$1,518$1,097$782$551$399
29 years$1,973$1,432$1,021$717$497$355
30 years$1,887$1,353$951$658$449$316
31 years$1,806$1,279$887$604$406$282
32 years$1,731$1,210$827$555$368$251
33 years$1,660$1,146$773$511$333$224
34 years$1,594$1,086$722$470$301$200
35 years$1,531$1,030$675$433$273$178
36 years$1,472$978$631$398$247$159
37 years$1,417$929$591$367$224$142
38 years$1,364$883$553$338$203$127
39 years$1,314$839$518$312$184$113
40 years$1,267$798$486$288$167$101
41 years$1,223$760$456$266$152$90
42 years$1,180$724$427$245$137$81
43 years$1,140$690$401$226$125$72
44 years$1,101$657$376$209$113$64
45 years$1,065$627$353$193$103$58
46 years$1,030$598$332$178$93$51
47 years$997$571$312$165$85$46
48 years$965$545$293$152$77$41
49 years$934$520$276$141$70$37
50 years$905$497$259$130$64$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $927,000, adding $3,286 every year, while hoping to spend $47,636 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: 60/33/7 Blend
59$927,000$927,000$927,000$927,000
60$1,024,944$975,813$961,444$1,084,775
61$1,078,803$972,943$942,968$1,122,368
62$1,136,560$968,336$922,277$1,157,592
63$1,198,562$961,857$899,245$1,194,810
64$1,265,189$953,362$873,743$1,234,213
65$1,336,859$942,698$845,635$1,276,016
66$1,414,033$929,704$814,778$1,320,457
67$1,497,214$914,209$781,022$1,367,799
68$1,586,956$896,031$744,213$1,418,334
69$1,683,868$874,980$704,187$1,472,388
70$1,788,619$850,850$660,774$1,530,319
71$1,901,944$823,428$613,796$1,592,526
72$2,024,652$792,485$563,067$1,659,452
73$2,157,629$757,780$508,393$1,731,587
74$2,301,854$719,058$449,571$1,809,473
75$2,458,401$676,049$386,389$1,893,713
76$2,628,451$628,468$318,625$1,984,973
77$2,813,303$576,014$246,050$2,083,991
78$3,014,388$518,366$168,421$2,191,586
79$3,233,279$455,190$85,486$2,308,663
80$3,471,707$386,127$0$2,436,223
81$3,731,576$310,802$0$2,575,603
82$4,014,983$228,818$0$2,734,633
83$4,324,235$139,754$0$2,908,302
84$4,661,872$43,167$0$3,098,135
85$5,030,690$0$0$3,305,820
86$5,433,767$0$0$3,555,521
87$5,874,491$0$0$3,845,753
88$6,356,593$0$0$4,163,307
89$6,884,181$0$0$4,510,898
90$7,461,778$0$0$4,891,516
91$8,094,365$0$0$5,308,453
92$8,787,428$0$0$5,765,335
93$9,547,007$0$0$6,266,154
94$10,379,757$0$0$6,815,309
95$11,293,004$0$0$7,417,643
96$12,294,819$0$0$8,078,490
97$13,394,093$0$0$8,803,728
98$14,600,616$0$0$9,599,829
99$15,925,174$0$0$10,473,923
100$17,379,650$0$0$11,433,865